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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Rating: 5.0/5 (1 vote)

Hedge Fund Legend Joel Greenblatt - Writing A Bigger Book
Every year, when Joel Greenblatt (Trades, Portfolio) kicks off his value and special-situation investing class at Columbia Business School, he makes his students a guarantee. "If they are good at valuing businesses, the market will agree with them, typically within two or three years," says Greenblatt, who has been an adjunct professor since 1996. More...

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5-year lows: Thoratec Corp, Brady Corp, General Cable Corp, and UTi Worldwide Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Thoratec Corp, Brady Corp, General Cable Corp, and UTi Worldwide Inc. More...

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Weekly CEO Buys Highlight: FSFR, FSIC, OPK, EPE, ACXM
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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Top Insider Sells Highlight: Dexcom Inc.
CEO, 10% Owner of Dexcom Inc (DXCM) Terrance H Gregg sold 23,893 shares on 08/21/2014 at an average price of $44.36. The total transaction amount was $1,059,893. More...

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New Magic Formula Stocks From Joel Greenblatt: CBI, DAL, GILD, MNST, ROST, LUV
Hedge fund manager, the inventor of “Magic Formula” Joel Greenblatt (Trades, Portfolio) just reported his second quarter portfolio at Gotham Asset Management, LLC. He reshuffled his portfolio dramatically during the quarter, and bought Chicago Bridge & Iron Company, Delta Air Lines Inc, Towers Watson & Co, Gilead Sciences Inc, Monster Beverage Corp, Teradata Corp, Intuit Inc, Xerox Corporation, Ross Stores etc during the 3-months ended 06/30/2014, according to the most recent filings of his investment company, Gotham Asset Management, LLC. More...

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Weekly 3-Year Low Highlights: RDC, EXXI, RP, BGC, SLRC
According to GuruFocus list of 3-year lows, Rowan Companies PLC, Energy XXI (Bermuda) Ltd, Realpage Inc, General Cable Corp, and Solar Capital Ltd. have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


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Your Limiting Beliefs Are Sabotaging Your Investment Returns
You could be destroying your only chance at a happy financial future and not even realize it. In fact, most value investors are in the process of doing just that. More...

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United Technologies Looks Attractive For Investors
In this article, let's take a look at United Technologies Corp. (UTX), a $95.34 billion market cap company, a multi-industry holding company that conducts business through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems; and Sikorsky. More...

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Deere Remains Attractive Despite Quarterly Earnings
In this article, let's take a look at Deere & Company (DE), a $31.03 billion market cap company, which is the world's biggest producer of farm equipment, as well as a large maker of construction machinery and lawn and garden equipment with a brand name that has been in the industry for 175 years. More...

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Rating: 4.6/5 (19 votes)

Buffett’s PetroChina Investment: Finding Large Gaps Between Price & Value Joel Greenblatt - Buffett’s PetroChina Investment: Finding Large Gaps Between Price & Value
“You don’t have to know a man’s exact weight to know that he’s fat.” - Ben Graham More...

WARREN BUFFETT


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Kraft Is Making Cost Efforts
In this article, let's take a look Kraft Foods Group, Inc. (KRFT), a $34.43 billion market cap company, which is one of the largest consumer packaged food and beverage companies in North America, More...

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Carl Icahn and Nelson Peltz Became More Millionaires
In this article let's take a look at the much anticipated merger between Family Dollar (FDO) and Dollar Tree (DLTR) that was announced yesterdar morning. More...

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Nike Maintains a Strong Presence Outside the U.S.
In this article, let's take a look at Nike, Inc. (NKE), a $68.85 billion market cap company, which is the world's leading designer and marketer of high-quality athletic footwear, athletic apparel and accessories. More...

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AbbVie´s ROE: A Tremendous Ratio
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 AbbVie Inc. (ABBV). More...

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Caterpillar Enjoys Key Growth Drivers
In this article let's take a look at Caterpillar Inc. (CAT), the world's largest producer of earthmoving equipment, and a big maker of electric power generators and engines used in petroleum markets, and mining equipment. More...

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Rating: 5.0/5 (2 votes)

The Sword-Finance, its Sheath-Accounting, and the Shield-Tax Planning: Lesson 1 When to Sell and Investing Tax Tips
More...

VALUE INVESTING, FUNDMENTAL ANALYSIS, TAXES, TAX PLANNING


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Top Insider Sells Highlight: Intel Corp
Exec VP and CFO of Intel Corp (INTC) Stacy Smith sold 614,432 shares on July 17 at an average price of $33.92. The total transaction amount is $20,841,532. More...

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5-year lows: FirstEnergy Corp, Staples Inc, Avon Products Inc, and American Eagle Outfitters
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: FirstEnergy Corp, Staples Inc, Avon Products Inc, and American Eagle Outfitters More...

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Rating: 3.0/5 (1 vote)

Guru Held Stocks Trading Near Historical Low P/S Ratios PRIMECAP Management,Joel Greenblatt - Guru Held Stocks Trading Near Historical Low P/S Ratios
Buying stocks based on historical low price-to-sales (P/S) ratios has been shown to be an effective investment strategy. At GuruFocus our “Top 25 Historical Low P/S Ratio Companies” portfolio has outperformed the S&P 500 by 24.38 percent since its inception in 2010. Our portfolio is rebalanced once a year and can be viewed at GuruFocus.com. Below is the latest list of stocks that are trading near historical low P/S ratios and are widely held by the investing gurus we follow: More...

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Tupperware: A Different Bet on Emerging Markets RS Investment Management,Joel Greenblatt - Tupperware: A Different Bet On Emerging Markets
For many of us, the name Tupperware is as American as apple pie on the 4th of July. Yet, this iconic brand now does far more business outside of the U.S.A. than within it. Last year, 2013, it derived 90% of its revenue from international markets, and taking the analysis one step deeper, received 65% of revenue from emerging markets. More...

VALUE, LONG, EMERGING MARKETS, INTERNATIONAL, TUPPERWARE


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