Joel Greenblatt

Joel Greenblatt

Last Update: 05-15-2015

Number of Stocks: 893
Number of New Stocks: 200

Total Value: $13,110 Mil
Q/Q Turnover: 32%

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

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Fossil: A Joel Greenblatt Bargain Stock
Fossil Group (FOSL) designs, markets and distributes consumer fashion accessories. Founded in 1984, Fossil offers men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel. More...

APPAREL INDUSTRY, SMARTWATCHES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Risk And Reward With Fossil Group
Fossil Group (FOSL) designs, markets and distributes consumer fashion accessories. Founded in 1984, Fossil offers men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and select apparel. More...

APPLE WATCH, FOSSIL WATCH, APPAREL INDUSTRY


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases His Stake in Masco
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 at the Columbia Business School. More...

LONG, Joel Greenblatt, Masco


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt increases his position in Flowserve
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, INDUSTRIALS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases His Position in Xerox
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School. More...

LONG


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases His Position in Lam Research Joel Greenblatt - Joel Greenblatt Increases His Position In Lam Research
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School. More...

LONG


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Greenblatt's Top Buys During First Quarter Joel Greenblatt - Greenblatt's Top Buys During First Quarter
Famed investor Joel Greenblatt (Trades, Portfolio), author of The Little Book That Beats The Market and inventor of the Magic Formula, purchased 200 new stocks during the first quarter, according to GuruFocus Real Time Picks. More...

JOEL GREENBLATT, GOTHAM ASSET MANAGEMENT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Paul Singer Adds to Six Stakes in First Quarter Joel Greenblatt,George Soros - Paul Singer Adds To Six Stakes In First Quarter
Guru Paul Singer (Trades, Portfolio) is an activist investor worth nearly $2 billion. In 1977, he founded Elliot Management, which manages more than $24 billion in assets. More...

LONG, STOCKS, QUARTER UPDATE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases His Position in Accenture
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is also an adjunct professor with Columbia Business School. More...

LONG


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases Position In Time Warner
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, Joel Greenblatt, Time Warner


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

5-year lows: American Public Education Inc, Quiksilver Inc, RealNetworks Inc, Universal Technical Institute Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: American Public Education Inc, Quiksilver Inc, RealNetworks Inc, Universal Technical Institute Inc. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Joel Greenblatt Increases Position in Pfizer
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, Joel Greenblatt, Pfizer


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Joel Greenblatt Trims Position in Norfolk Southern
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. Last quarter, he decreased his position in Norfolk Southern Corporation (NSC) by selling 418,821 shares of the company. The following chart shows his holding history in the company. More...

SHORT, Joel Greenblatt, Norfolk Southern


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Analyzing Joel Greenblatt's Top Buys
Joel Greenblatt (Trades, Portfolio) is the 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, CONSUMERS


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Risk & Reward with Gilead Sciences Inc. (GILD)
I realize that biotech stocks are not really value investments, per se. They constantly need R&D to keep up with competitors and the competitive advantages from drug patents have a limited, albeit long, time frame. However, with Gilead (GILD) there could be some reward owning at this level. More...

BIOTECH, HEALTHCARE, LONG


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Richard Snow Cuts Stake in American Eagle Outfitters, HealthNet Following Price Increase Richard Snow,Joel Greenblatt,Jim Simons,Paul Tudor - Richard Snow Cuts Stake In American Eagle Outfitters, HealthNet Following Price Increase
The founder and chief investment officer of Snow Capital Management, Richard Snow (Trades, Portfolio), cut his stakes by significant percentages in two high-yielding stocks, according to GuruFocus Real Time Picks. More...

RICHARD SNOW, SNOW CAPITAL MANAGEMENT, AMERICAN EAGLE OUTFITTERS, HEALTHNET


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Halyard Health is a Long-Term Winner
On October 31, 2014, Halyard Health (HYH) was spun off of Kimberly-Clark (KMB). Kimberly-Clark had planned on spinning the business into a separate entity a couple of years ago to better focus on its core consumer and professional brands. More...

HEALTHCARE,SPINOFF,LONG


  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

F5 Networks: Good Fundamentals, Good Prospects Joel Greenblatt - F5 Networks: Good Fundamentals, Good Prospects
Twas the day before Christmas 2014, and investors in F5 were already thanking Santa Claus! Over the past two months, their company, F5 Networks, Inc. (FFIV) had shot up, as if pulled by Dasher and Dancer, et al. More...

BUSINESS SOFTWARE & SERVICES, LONG


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Growing And Undervalued: Aflac Inc.
From my watch list, let’s have a short view ofAflac Inc (AFL). It looks undervalued based on the Peter Lynch value, discounted cash flow and is trading below the Peter Lynch earnings line More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Guru Investors Are Piling Into National Oilwell Varco John Rogers, Joel Greenblatt, David Dreman - Guru Investors Are Piling Into National Oilwell Varco
Plenty of top name super investors continue to buy into this stock, and rightfully so. More...

ENERGY, OIL, BUFFETT, GREENBLATT, ROGERS, National Oilwell Varco


Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK