Joel Greenblatt

Joel Greenblatt

Last Update: 2014-08-15

Number of Stocks: 980
Number of New Stocks: 201

Total Value: $7,990 Mil
Q/Q Turnover: 42%

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 U.S. Value 1000 Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201341.1931.559.6
201215.715.40.3
20112.072.08-0.0
3-Year Cumulative66.7 (18.6%/year)55 (15.7%/year)11.7 (2.9%/year)

Top Ranked Articles

Answers from Joel Greenblatt are Here!
(GuruFocus, June 30, 2009) Back in early June, when we became aware of Investment Guru, Joel Greenblatt became the strategist for the money management firm FormulaTrading.com, we reached out and requested an opportunity for our users to ask Joel questions. To our delight, the good professor (Joel is also an Adjunct Professor with Columbia University) agreed. Read more...
Magic Formula’s: Do As I Say, Not As I Do?
In my last articles, “Warren Buffett’s Magic Formula in 1965?” and “Benjamin Graham’s Lost Magic Formula in 1976?”, I explored the use of and/or public endorsement of investment formulas by value investors Benjamin Graham, Warren Buffett, Joel Greenblatt, and Mohnish Pabrai. Given such credible endorsements, I wondered three things: Read more...
GuruFocus Interview with Renowned Investor Joel Greenblatt
Joel Greenblatt is a renowned investor who invented Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). He is the founder and Co-CIO of Gotham Capital, an investment partnership that achieved 40 percent annualized returns for the 20 years after its founding in 1985, and adjunct professor at Columbia Business School. Mr. Greenblatt has written three books on investing, including his most recent, "The Big Secret for the Small Investor." Read more...
Value Ideas Contest: Dolby Labs ($DLB) Priced for Zero Growth
Investment Thesis Read more...
Interview with Pat Dorsey
Pat Dorsey is the Vice Chairman and Director of Research & Strategy at the Sanibel Captiva Trust Company, an independent trust company serving high net worth clients, based in Sanibel, Florida. Before joining SanCap, Pat was Director of Equity Research at Morningstar for over ten years, where he was responsible for the overall direction of Morningstar’s equity research, as well as for communicating Morningstar’s ideas to the media and clients. He led the development of Morningstar’s economic moat ratings as well as the methodology behind Morningstar’s framework for competitive analysis. Pat is the author of two books––The Five Rules for Successful Stock Investing : Morningstar's Guide to Building Wealth and Winning in the Market and The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments[i]––and Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Johnson Controls Trading at a Premium Compared to Peers
In this article, let's take a look at Johnson Controls Inc. (JCI), a leading manufacturer of automotive interior systems, automotive batteries and automated building control systems. More...

Johnson Controls


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Urban Outfitters' Price Touched Its 52- Week Level; And Now?
In this article let's take a look at Urban Outfitters Inc. (URBN), the leading lifestyle specialty retail company that operates Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands. More...

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Reasons to Consider Marriott in Your Portfolio
In this article, let's take a look at Marriott International, Inc. (MAR), a $17.93 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries. More...

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Looking at L Brands' Growth Drivers
In this article, let's take a look at L Brands, Inc. (LB), a $19.49 billion market cap company, which operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories under various trade names. More...

L Brands


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6 Useful Categories of Stocks Joel Greenblatt - 6 Useful Categories Of Stocks
When searching for GARP and ten-bagger opportunities, it's worth using a mental framework to categorize any stock into. This is something Lynch described in his book One Up On Wall Street. More...

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Consolidated Communications: A MarketWatch Listed Stock with a Sell Recommendation by DDM Models
In a recent article from MarketWatch titled “10 S&P 1500 dividend stocks with yields up to 9.14%” it was analyzed the highest-yielding companies that have declared dividends for at least the past five full calendar years and not discontinue them in the last four years. More...

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Landauer: A Sell Company of MarketWatch´s List
In a recent article from MarketWatch titled “10 S&P 1500 dividend stocks with yields up to 9.14%” it was analyzed the highest-yielding companies that have declared dividends for at least the past five full calendar years and not discontinue them in the last four years. More...

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Campbell Soup's ROE is Really Attractive
In a previous article, titled “A Top Growing Soup Company”, we saw that Campbell Soup Company (CPB) has a current ROE of 56.86% which is higher than the one exhibit by the industry median. Although its peers, such as: Pilgrims Pride (PPC), Tyson Foods (TSN) and McCormick (MCK) have good levels, Campbell surpasses those levels. So, in this article we are going to analyze it according to a DuPont Analysis. More...

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Dover Has Several Initiatives for Long Term Growth
In this article, let's take a look at Dover Corp (DOV), a $12.61 billion market cap company, which is a company which manufactures a broad range of specialized industrial products and sophisticated manufacturing equipment. More...

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Guru Joel Greenblatt Gives Back
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Joel Greenblatt


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A Top Growing Soup Company
In this article, let's take a look at Campbell Soup Company (CPB), a $13.44 billion market cap company, which is a major producer of branded soups and other grocery food products. More...

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Keurig Green Mountain´s ROE is Attractive Enough
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of Keurig Green Mountain Inc (GMCR) More...

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A Good Investment in the Waste Industry?
In this article, let's take a look at Waste Management Inc. (WM), a $22.37 billion market cap company, which is the largest U.S. trash hauling/disposal concern. More...

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Top Reasons to Invest in Dun & Bradstreet
In this article, let's take a look at Dun & Bradstreet Corp. (DNB), a $4.29 billion market cap company, which is a worldwide provider of business information and related decision support services and commercial receivables management services. More...

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5-year lows: National Presto Industries, Ennis Inc, Landauer Inc, and Exelixis Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: National Presto Industries, Ennis Inc, Landauer Inc, and Exelixis Inc. More...

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Analyzing Illinois Tool Works' ROE
In this article, let´s examine one of the most important financial ratios and the best measure of performance for a firm's management: the Return on Equity (ROE). We will analyze it in the case Illinois Tool Works Inc. (ITW) More...

Illinois Tool Works, ROE


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Paul Tudor Jones Bought Kimberly-Clark, Should You?
In this article, let's take a look at Kimberly-Clark Corporation (KMB), a $39.98 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex. More...

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The Largest U.S. Toy Manufacturer
In this article, let's take a look at Mattel Inc. (MAT), a $11.44 billion market cap company, which is a large toy company, and successful brands and products include Barbie dolls, Fisher-Price toys, American Girl dolls and books and Hot Wheels. More...

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Weekly CEO Buys Highlight: CREG, OPK, LDOS, HALL, ULTA
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

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Customers Make Purchases Based on Fashion and Experience Joel Greenblatt,Ray Dalio,Manning and Napier Advis - Customers Make Purchases Based On Fashion And Experience
In this article, let's take a look at Nordstrom Inc. (JWN), a $13.34 billion market cap company, which is a specialty retailer of apparel and accessories, widely known for its emphasis on service, which operates some 270 stores in 36 states. More...

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