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

Joel Greenblatt Invests in Swift Transportation Swift has a low P/E ratio and 50 years of operating experience
Joel Greenblatt (Trades, Portfolio) purchased a 1,726,860-share stake in Swift Transportation Co. (NYSE:SWFT) in the first quarter. Read more...
Companies Fall to 5-Year Lows Guess?, Quality Systems, RPX, Ruby Tuesday tumble
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year lows: Guess? Inc. (NYSE:GES), Quality Systems Inc. (NASDAQ:QSII), RPX Corp. (NASDAQ:RPXC) and Ruby Tuesday Inc. (NYSE:RT). Read more...
What Does It Take to Profit in the Stock Market? The correct answer is self-control
What would be your response if someone asked you "what does it take to profit in the stock market?" Read more...
Calculating the Return on Incremental Capital Investments As a business owner, you want to know where you can reinvest your company’s excess cash flow and what rate of return you can get from those investments.
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.” –Warren Buffett (Trades, Portfolio), 1992 Shareholder Letter Read more...
Joel Greenblatt Bets on eBay, Intel, Biogen The investor's top buys in the 1st quarter
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. He is known for the invention of Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Joel Greenblatt Invests in Swift Transportation Swift has a low P/E ratio and 50 years of operating experience Joel Greenblatt - Joel Greenblatt Invests In Swift Transportation
Joel Greenblatt (Trades, Portfolio) purchased a 1,726,860-share stake in Swift Transportation Co. (NYSE:SWFT) in the first quarter. More...

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Walmart Stores Nears Its Historical Low P/S Ratio Company's P/S ratio of 0.47 is close to 10-year low of 0.38 Joel Greenblatt,Barrow Hanley Mewhinney & Strauss, - Walmart Stores Nears Its Historical Low P/S Ratio
Walmart Stores Inc. (NYSE:WMT) is trading at a P/S ratio of 0.47, close to its 10-year low of 0.38. The company is owned by 32 gurus. More...

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Companies Fall to 5-Year Lows Guess?, Quality Systems, RPX, Ruby Tuesday tumble Joel Greenblatt,Mario Gabelli,HOTCHKIS & WILEY,Don - Companies Fall To 5-Year Lows
According to GuruFocus' list of five-year lows, these guru stocks have reached their five-year lows: Guess? Inc. (NYSE:GES), Quality Systems Inc. (NASDAQ:QSII), RPX Corp. (NASDAQ:RPXC) and Ruby Tuesday Inc. (NYSE:RT). More...

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Gurus Have Mixed Views About Food Companies One company has many guru sells while the other has many guru buys Joel Greenblatt,John Keeley,Chuck Royce,Paul Tudor - Gurus Have Mixed Views About Food Companies
Among stocks in the packaged foods industry, Flowers Foods Inc. (NYSE:FLO) and The Hershey Company (NYSE:HSY) are two of the cheapest stocks, according to the Walter Schloss Screener. Usually, when a stock becomes cheap, more gurus buy the stock. However, many gurus are reducing their position in Flowers Foods despite having a cheap stock. More...

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Valuing Best Buy for Potential Catalyst Company has upside potential of 30% Jim Simons,Joel Greenblatt,HOTCHKIS & WILEY - Valuing Best Buy For Potential Catalyst
Best Buy (NYSE:BBY) is the largest specialty retailer of consumer electronics in the U.S. As of February, it had 1,037 stores in the U.S., whereas the number of international Best Buy stores stood around 216 with 350 stand-alone Best Buy mobile stores in the U.S. that focus on mobile phones and accessories. Currently the stock is trading at a P/E multiple of 10.30 while comparing it with peers, and it has an upside potential of 30% from the market price of $30.06. More...

LONG


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Predictable, Yes, but Is SYNNEX Undervalued? Should we look for it on a pullback? Sarah Ketterer,Joel Greenblatt,Jim Simons,David Dr - Predictable, Yes, But Is SYNNEX Undervalued?
In a couple of days (after the close on June 23, to be specific), SYNNEX Corporation (NYSE:SNX) will report on its second-quarter results. More...

SYNNEX, TECHOLOGY, DISTRIBUTION, LONG, PREDICTABLE


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What Does It Take to Profit in the Stock Market? The correct answer is self-control Joel Greenblatt - What Does It Take To Profit In The Stock Market?
What would be your response if someone asked you "what does it take to profit in the stock market?" More...

DALBAR, JASON ZWEIG, JOEL GREENBLATT, THOMAS HOWARD, MYOPIC LOSS AVERSION, SOCIAL VALIDATION


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Buckle Trades Close to Its Historical Low P/S Ratio Stock price has been declining for 5 years Joel Greenblatt - Buckle Trades Close To Its Historical Low P/S Ratio
Buckle Inc. (NYSE:BKE) is trading at P/S ratio of 1.13, close to its 10-year low of 1.01. More...

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Joel Greenblatt Is Not Sure About Apple but Owns It Anyway Why he invests in Apple Joel Greenblatt - Joel Greenblatt Is Not Sure About Apple But Owns It Anyway
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Calculating the Return on Incremental Capital Investments As a business owner, you want to know where you can reinvest your company’s excess cash flow and what rate of return you can get from those investments. Joel Greenblatt - Calculating The Return On Incremental Capital Investments
“Leaving the question of price aside, the best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return.” –Warren Buffett (Trades, Portfolio), 1992 Shareholder Letter More...

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Joel Greenblatt Bets on eBay, Intel, Biogen The investor's top buys in the 1st quarter Joel Greenblatt,Barrow Hanley Mewhinney & Strauss, - Joel Greenblatt Bets On EBay, Intel, Biogen
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. He is known for the invention of Magic Formula Investing and founded the New York Securities Auction Corporation (NYSAC). More...

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Top 10 Books for the New Investor Everybody has to start somewhere Warren Buffett,Joel Greenblatt - Top 10 Books For The New Investor
Everybody has to start somewhere, and oftentimes people find the idea of investing their hard-earned money by themselves to be a bit intimidating. More...

WARREN BUFFETT, BENJAMIN GRAHAM, PETER LYNCH, THE NEATEST LITTLE GUIDE, BUFFETTOLOGY, THE RICHEST MAN IN BABYLON, JOEL GREENBLATT, SETH KLARMAN, MOHNISH PABRAI, MARGIN OF SAFETY THE BOOK


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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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