Joel Greenblatt

Joel Greenblatt

Last Update: 05-16-2016

Number of Stocks: 950
Number of New Stocks: 311

Total Value: $8,921 Mil
Q/Q Turnover: 46%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Joel Greenblatt' s Profile & Performance

Profile

Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC). Greenblatt is founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including Joel Greenblatt: The little Book that Beats the Market. He is also an Adjunct Professor with Columbia Business School.

Investing Philosophy

Greenblatt tries to find cheap and good companies. He looks for value with a catalyst, so nice things happen sooner. Greenblatt likes special situations, and thinks that they are simply different places to find cheap stocks. In his own hedge fund, Greenblatt uses the basic principals in the Magic Formula: Look for high ROC and high earnings yield. He tries to figure out what "normalized earnings" will be 3-4 years into the future. Greenblatt makes sure the stock is very cheap based on normalized earnings. He is very concentrated in investing, 5 to 8 securities can make up 80% of his portfolio. One position could be as high as 30%.

Total Holding History

Performance of Gotham Absolute Return Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-10.241.19-11.4
20149.3113.69-4.4
201329.8132.39-2.6
3-Year Cumulative27.4 (8.4%/year)52.3 (15.1%/year)-24.9 (-6.7%/year)

Top Ranked Articles

Baxter International Officer Invests in Stake CEO purchases 11,691 shares in the company
Jose (Joe) Almeida (Insider Trades), CEO and chairman of the board of Baxter International Inc. (BAX), acquired 11,691 shares of the company on May 23. Read more...
Bernard Horn's 5 New Buys All Undervalued by Lynch Earnings Line Polaris' new investments confirmed by Peter Lynch method of valuation
The Polaris Global Fund headed by Bernard Horn (Trades, Portfolio) picked up five new holdings during the first quarter although only one was an international company, according to data reported by GuruFocus' Real Time Picks. Read more...
Joel Greenblatt Increases Stake in Corning by 5-Fold Corning has reported good financial growth over the previous decade
Guru Joel Greenblatt (Trades, Portfolio) increased his stake in Corning Inc. (NYSE:GLW) by adding 1,067,746 shares of the company in the first quarter. Read more...
Joel Greenblatt Reveals the Secret to Investing Success To be a better investor, learn about 1 of the most successful fund managers of our time
Mr. Market Is Way Far Off On Wayfair Wayfair looks like a very attractive e-commerce play right now
I've been really intrigued by Wayfair (W) recently. Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Baxter International Officer Invests in Stake CEO purchases 11,691 shares in the company Joel Greenblatt,Jana Partners - Baxter International Officer Invests In Stake
Jose (Joe) Almeida (Insider Trades), CEO and chairman of the board of Baxter International Inc. (BAX), acquired 11,691 shares of the company on May 23. More...

JOSE ALMEIDA, BAXTER INTERNATIONAL INC, INSIDER TRADES


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Bernard Horn's 5 New Buys All Undervalued by Lynch Earnings Line Polaris' new investments confirmed by Peter Lynch method of valuation Bernard Horn,Joel Greenblatt,Richard Pzena,David A - Bernard Horn's 5 New Buys All Undervalued By Lynch Earnings Line
The Polaris Global Fund headed by Bernard Horn (Trades, Portfolio) picked up five new holdings during the first quarter although only one was an international company, according to data reported by GuruFocus' Real Time Picks. More...

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Xerox Looks Like a 'Sell' Operating margin is in a 5-year decline Joel Greenblatt,Paul Tudor Jones,David Dreman,Carl - Xerox Looks Like A 'Sell'
Xerox Corporation (NYSE:XRX) is a $9.26 billion market cap company that is a media and entertainment conglomerate with diversified global operations in theme parks, filmed entertainment, television broadcasting and consumer products. More...

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Joel Greenblatt Increases Stake in Corning by 5-Fold Corning has reported good financial growth over the previous decade Joel Greenblatt - Joel Greenblatt Increases Stake In Corning By 5-Fold
Guru Joel Greenblatt (Trades, Portfolio) increased his stake in Corning Inc. (NYSE:GLW) by adding 1,067,746 shares of the company in the first quarter. More...

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Mr. Market Is Way Far Off On Wayfair Wayfair looks like a very attractive e-commerce play right now Joel Greenblatt - Mr. Market Is Way Far Off On Wayfair
I've been really intrigued by Wayfair (W) recently. More...

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Joel Greenblatt Reveals the Secret to Investing Success To be a better investor, learn about 1 of the most successful fund managers of our time Joel Greenblatt,Warren Buffett,Charlie Munger - Joel Greenblatt Reveals The Secret To Investing Success
Do you know who Joel Greenblatt (Trades, Portfolio) is? More...

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Gap May Be Poised for a Comeback The company provides slow and consistent growth along with a solid dividend yield Ray Dalio,Joel Greenblatt,Edward Lampert - Gap May Be Poised For A Comeback
Gap (NYSE:GPS) is one of the most iconic American brands and still has a solid economic moat. The company has been downsizing and closing stores, making room for cash to be deployed into higher-profit channels like ecommerce. More...

RETAIL, APPAREL, EDWARD LAMPERT


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Bearish Sentiment in Becton Dickinson's Stock Future growth is unchanged, but the company is still facing headwinds Joel Greenblatt,Tom Gayner,T Rowe Price Equity Inc - Bearish Sentiment In Becton Dickinson's Stock
Becton Dickinson & Co. (NYSE:BDX) is a $33.87 billion market cap company that provides a broad range of medical devices and diagnostic products used in hospitals, doctors' offices, research labs and other settings. More...

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It's Time to Sell Joy Global Don’t be on the wrong side of history; get out while you can Joel Greenblatt,Jim Simons - It's Time To Sell Joy Global
Don’t believe the analyst hype. Despite both BofA Merrill Lynch and Goldman Sachs upgrading Joy Global (NYSE:JOY) stock in recent weeks, the long-term outlook for the coal industry is bleak. It might not go to zero, but its size and use as an energy source is dwindling. More...

COAL, ENERGY


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On Diversification Diversification is not an easy subject, but by analyzing data and applying some logic you can narrow down an optimal strategy Joel Greenblatt,Warren Buffett,Charlie Munger - On Diversification
​The age-old question of exactly how many stocks to hold is likely never going to be definitively answered. There are entire books, even courses, on the subject after all. Since portfolio construction is more of an art than a science, in this post I want to break down relevant studies, examine historical data and analyze some of the best investors in an attempt to come up with the optimal strategy. As always, please share your comments and thoughts below! More...

DIVERSIFICATION, WARREN BUFFETT, PETER LYNCH,


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Undervalued Stocks With Wide Margin of Safety D.R. Horton and Citigroup are inexpensive investment opportunities Ken Heebner, Joel Greenblatt, Ray Dalio - Undervalued Stocks With Wide Margin Of Safety
The following stocks are trading with a wide margin of safety according to the DCF calculator, and some of them have a very low P/E ratio. GuruFocus' All-in-One Screener can be used to find similar stocks.  More...

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Dividend and Value Opportunities in the Large-Cap Pharmaceutical Space How to identify Ben Graham- and Joel Greenblatt-type investments Joel Greenblatt - Dividend And Value Opportunities In The Large-Cap Pharmaceutical Space
The health care sector and in particular pharmaceutical companies have underperformed recently. The chart below shows the performance of the health care sector (as represented by the XLV ETF) versus the Standard & Poor's 500 for the beginning of 2016. More...

PHARMACEUTICALS, HEALTH CARE, DIVIDENDS, BEN GRAHAM, JOEL GREENBLATT, DIVIDEND INVESTING


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Stocks Reach 5-year Lows Prices of Blucora, SeaChange International, Harte-Hanks, Aegerion Pharmaceuticals decline Joel Greenblatt,Mario Gabelli - Stocks Reach 5-year Lows
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year lows: Blucora Inc. (NASDAQ:BCOR), SeaChange International Inc. (NASDAQ:SEAC), Harte-Hanks Inc. (NYSE:HHS) and Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR). More...

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Finding the Best Stocks to Invest In My process and criteria for quickly finding quality stocks to research Joel Greenblatt - Finding The Best Stocks To Invest In
It takes time to find great investment ideas. More...

LONG, STOCK PICKS


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Where Are Super Investors Shopping for Bargains? A closer look at the aggregate industry trend of value guru investments Joel Greenblatt,Richard Pzena,Andreas Halvorsen,Da - Where Are Super Investors Shopping For Bargains?
GuruFocus offers a lot of screens and tools I find highly useful and interesting for coming up with short lists of companies to look at. More...

LONG, GURU, VALUE


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101 Financial Ratios and Metrics to Improve Your Investing Skills - Part 2 Terms to sharpen your understanding (Part 2) Joel Greenblatt - 101 Financial Ratios And Metrics To Improve Your Investing Skills - Part 2
Growth, Return, & Performance Ratios & Metrics More...

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Insiders Are Selling Facebook and Ford Motor Facebook insiders are selling stock for the 2nd consecutive week Joel Greenblatt,Paul Tudor Jones - Insiders Are Selling Facebook And Ford Motor
The All-in-One Screener can be used to find insider buys and sells over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "March 2016." More...

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Gurus Must See a Wolverine Brand Recovery Coming For those who believe in Wolverine's ability to revamp its brands, shares seem fairly priced, even underpriced Joel Greenblatt,Mario Gabelli - Gurus Must See A Wolverine Brand Recovery Coming
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Low P/E Stocks With Wide Margin of Safety According to the DCF calculator, these companies are cheap and undervalued Jim Simons,Joel Greenblatt - Low P/E Stocks With Wide Margin Of Safety
The following stocks are trading with a very low P/E ratio. Most of them are greatly undervalued, according to the DCF calculator. More...

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How to Be a Stock Market Genius 'Even If You're Not Too Smart' A book that's worth having in your library Joel Greenblatt,Charlie Munger - How To Be A Stock Market Genius 'Even If You're Not Too Smart'
Guru Joel Greenblatt (Trades, Portfolio) is a value investor and author of “You Can Be A Stock Market Genius Even If You’re Not Too Smart,” a book I read recently and felt a few of the quotes in it were worth sharing. More...

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