Joel Greenblatt

Joel Greenblatt

Last Update: 02-17-2015

Number of Stocks: 936
Number of New Stocks: 193

Total Value: $12,356 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 (%)
201341.1932.398.8
201215.716-0.3
20112.072.11-0.0
3-Year Cumulative66.7 (18.6%/year)56.8 (16.2%/year)9.9 (2.4%/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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Weekly 3-Year Low Highlights: PM, TSU, SINA, HMSY
According to GuruFocus list of 3-year lows, Philip Morris International Inc (PM), Tim Participacoes SA (TSU), SINA Corp (SINA) and HMS Holdings Corp (HMSY) have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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You Should Consider this Casino Stock
In this article, let's take a look at Las Vegas Sands Corp. (LVS), a $43.72 billion market cap company that operates casinos in Las Vegas; Macau, China; Bethlehem, Pennsylvania, and Singapore. More...

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Growing and Undervalued: NeuStar Inc.
From my watch list, today another growing and undervalued company. Let’s have a short view of NeuStar Inc. (NSR); that looks undervalued based on the Peter Lynch Price Value and the Discounted Cash Flow Model. More...

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Joel Greenblatt and Paul Tudor Jones Bet on Hasbro
In this article, let's take a look at Hasbro Inc. (HAS), a $7.64 billion market cap company, which is a company with a broad portfolio of toys, games and entertainment offerings includes brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

Joel Greenblatt, Paul Tudor Jones, Hasbro


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Growing and Undervalued : HCI Group Inc
From my watch list, let’s have a short view of HCI Group Inc (HCI), that looks undervalued based on the Peter Lynch Price Value. More...

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Rite Aid´s Strategic Acquisition
In this article, let's take a look at Rite Aid Corporation (RAD), a $7.74 billion market cap company, which operates a chain of retail drugstores in the United States. More...

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Analyzing Joel Greenblatt's Top Buys: Johnson & Johnson Joel Greenblatt - Analyzing Joel Greenblatt's Top Buys: Johnson & Johnson
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. 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. More...

LONG, PHARMACEUTICALS


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Guru Stocks at 52-Week Lows: XOM, BABA, CVX. HSBC, IBM
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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5-year lows: Resource Capital Corp, San Juan Basin Royalty, Walter Investment Management Corp, and Park Electrochemical Corp.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Resource Capital Corp, San Juan Basin Royalty, Walter Investment Management Corp, and Park Electrochemical Corp. More...

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Greenblatt's Top 3 Stakes for the Fourth Quarter
Hedge funds have been filing their 13-F forms, which are quarterly reports of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Gotham Asset Management LP, in which Joel Greenblatt (Trades, Portfolio) and Robert Goldstein serve as managing principals and co-CIOs for Gotham, with over 50 years of combined investment experience. More...

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Costco Is Better Than Competitors Bill Frels,Joel Greenblatt - Costco Is Better Than Competitors
In this article, let's take a look at Costco Wholesale Corporation (COST), a $65.27 billion market cap company, which operates about 650 membership warehouses in the U.S., and other countries such as Puerto Rico, Canada, the U.K., Taiwan, Japan, Korea, Mexico and Australia. More...

Costco


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Simple Concept of Intrinsic Value Part 2 Joel Greenblatt - Simple Concept Of Intrinsic Value Part 2
I wrote a post recently on intrinsic value, and I received some comments and questions that made me think a lot of readers are still looking for a formula to calculate a stock’s value precisely. I really don’t think this is the case. I think the best result that an investor can hope to achieve when it comes to appraising business values is to come up with a fairly sizable range of values and then wait for the market to offer you a price that is significantly below the lower end of the range – which gives you both a margin of safety in the event your analysis is wrong and high returns on your investment if you’re right. More...

INTRINSIC VALUE


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Guru Stocks at 52-Week Lows: XOM, RDS.A, HSBC, COP, AMX
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Weekly CEO Buys Highlight: S, OPK, CAPL, CLF, MOSY
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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Weekly 3-Year Low Highlights: RDS.B, RCI, KOF
According to GuruFocus list of 3-year lows, Royal Dutch Shell PLC (RDS.B), Rogers Communications Inc (RCI), and Coca-Cola Femsa SAB de CV (KOF) have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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Joel Greenblatt's Market Secrets
Why does value investing work? Here is what hedge fund star Joel Greenblatt (Trades, Portfolio) had to say: More...

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FMC Corp. Hikes Shareholders Dividends
In this article, let's take a look at FMC Corp. (FMC), a $8.43 billion market cap company, which is a diversified chemical company that provides solutions, applications, and products for the agricultural, consumer, and industrial markets in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. More...

CHEMICAL, STOCK, DIVIDEND


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Avery Dennison Reported Significant EPS Improvement
In this article, let's take a look at Avery Dennison Corporation (AVY), a $4.88 billion market cap company. More...

INDUSTRIAL


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Weekly 3-Year Low Highlights: HLX, IO, GLDD, GDL, DBB
According to GuruFocus list of 3-year lows, Helix Energy Solutions Group Inc, ION Geophysical Corp, Great Lakes Dredge & Dock Corp, The Gabelli Global Deal Fund, and Powershares DB Base Metals Fund have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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Abner Herrman's Top Three Holdings
In recent days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Abner Herrman & Brock LLC, which provides portfolio management for high net worth individuals, endowments, and corporate retirement plans. More...

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