Joel Greenblatt

Joel Greenblatt

Last Update: 11-15-2016

Number of Stocks: 913
Number of New Stocks: 219

Total Value: $7,679 Mil
Q/Q Turnover: 29%

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

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...
On Diversification Diversification is not an easy subject, but by analyzing data and applying some logic you can narrow down an optimal strategy
​The age-old question of exactly how many stocks to hold is likely never going to be definitively answered. There are entire books, even courses, on the subject after all. Since portfolio construction is more of an art than a science, in this post I want to break down relevant studies, examine historical data and analyze some of the best investors in an attempt to come up with the optimal strategy. As always, please share your comments and thoughts below! Read more...
Does Joel Greenblatt’s Magic Formula Have a Solution for Value Investors? Exploring the Magic Formula and assessing its potential
When investment guru Joel Greenblatt (Trades, Portfolio) taught at an Ivy League college, he would welcome each new class with a request: Shout out the names of big, well-known public companies. After getting the names, Greenblatt would pull out a newspaper (yes, we depended on newspapers for that sort of thing in the not so distant past), then announce the current price, the 52-week low and the 52-week high for each of them. Read more...
Which Industries Are Super Investors Dumping and Where Are They Shopping? Examining industries where guru buys are trending and industries where they go shopping
Like most value investors, I’m not really a macro guy. Read more...
Top 10 Books for the New Investor Everybody has to start somewhere
Everybody has to start somewhere, and oftentimes people find the idea of investing their hard-earned money by themselves to be a bit intimidating. Read more...
» More Joel Greenblatt Articles

Commentaries and Stories

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Low-Priced Retail Stocks Gurus Shopped for Ahead of Holiday Season A pummeled sector in a rising market Paul Tudor Jones,Joel Greenblatt - Low-Priced Retail Stocks Gurus Shopped For Ahead Of Holiday Season
Those interested in out-of-favor stocks can’t look much further than retail. In a market routinely hitting all-time highs, the consumer discretionary sector’s 1.42% one-year return makes it the worst performing, second only to health care. But the statistics for apparel and department stores are much worse, and the upcoming crucial holiday season may not help. More...

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Smith & Wesson Reports Strong Quarter, but Stock Suffers Post Election Popular gunmaker reports fiscal 2nd-quarter earnings Joel Greenblatt,Paul Tudor Jones,Chuck Royce,Jerem - Smith & Wesson Reports Strong Quarter, But Stock Suffers Post Election
Smith & Wesson (NASDAQ:SWHC) released its second-quarter earnings for fiscal 2017 on Thursday. More...

SMITH, WESSON, FIREARMS, 2Q, EARNINGS, 2017


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9 Stocks Joel Greenblatt Continues to Buy The guru's largest buys of the 2nd and 3rd quarters Joel Greenblatt,Jim Simons,PRIMECAP Management,Ken - 9 Stocks Joel Greenblatt Continues To Buy
Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. In both the second and third quarters the guru bought shares in the following stocks: More...

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19 Questions With Matt Millard Main rules of investing involve 'value, expected return, managers and geographic diversification' Warren Buffett,Joel Greenblatt,Whitney Tilson,Char - 19 Questions With Matt Millard
1. How and why did you get started investing? What is your background? More...

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Joel Greenblatt’s Top 3 New Holdings for the 3rd Quarter The guru invested in commercial products, paper packaging and health care products Joel Greenblatt,Steven Cohen,Diamond Hill Capital, - Joel Greenblatt’s Top 3 New Holdings For The 3rd Quarter
Gotham Asset Management’s Joel Greenblatt (Trades, Portfolio) purchased 219 new positions in the third quarter. His top three new holdings are Danaher Corp. (NYSE:DHR), WestRock Co. (NYSE:WRK) and Kimberly-Clark (NYSE:KMB). More...

GREENBLATT, BUYS, THIRD QUARTER, Q3


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CEO Buys 50,000 Shares of Triumph Group Insider invests in aircraft designer/parts supplier Joel Greenblatt,Paul Tudor Jones - CEO Buys 50,000 Shares Of Triumph Group
Triumph Group Inc. (TGI) CEO and President Daniel Crowley (Insider Trades) bought 50,000 company shares on Nov. 7. The price was $25.56 per share for a total transaction of $1,278,000. More...

INSIDER TRADES, DANIEL CROWLEY, TRIUMPH GROUP INC


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Smith & Wesson to Change Name Popular gunmaker wants name to better reflect brands Jeremy Grantham,Joel Greenblatt,Chuck Royce,Steven - Smith & Wesson To Change Name
In an effort to be known as more than just a gunmaker, Smith & Wesson (NASDAQ:SWHC) announced Monday it will be changing its name to American Outdoor Brands Corp. More...

SMITH, WESSON, FIREARMS


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A Classic Net Current Asset Value Opportunity Nippon Antenna is a profitable company with a strong balance sheet Warren Buffett,Joel Greenblatt - A Classic Net Current Asset Value Opportunity
Years ago, Benjamin Graham made a case for investing in stocks that trade below net current asset value. More...

LONG, DEEP VALUE


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6 Undervalued Stocks Trading Below the Peter Lynch Value These stocks are trading with a wide margin of safety Jim Simons,Joel Greenblatt - 6 Undervalued Stocks Trading Below The Peter Lynch Value
According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with wide margins of safety. More...

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Cree CEO Acquires Shares in Company Insider purchases 10,000 shares Joel Greenblatt,Chuck Royce - Cree CEO Acquires Shares In Company
Cree Inc. (CREE) CEO, President and Chairman Charles Swoboda (Insider Trades) acquired 10,000 shares on Oct. 20. The price per share was $22.22 for a total transaction of $222,200. More...

CHARLES SWOBODA, INSIDER TRADES, CREE INC


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Investing and Profit with Net-Nets A brief overview of net-net investing Joel Greenblatt,Seth Klarman - Investing And Profit With Net-Nets
Investing in net-nets is a really deep and pure value investing style. Net current asset value method is an investing technique first introduced by Benjamin Graham in the 1930s. More...

NET-NETS


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CEO Invests in Akamai Technologies Insider buys 18,276 shares Joel Greenblatt,Jim Simons - CEO Invests In Akamai Technologies
Thomson Leighton (Insider Trades), CEO of Akamai Technologies Inc. (AKAM), acquired 18,276 shares in the company on Oct. 17. The price per share was $54.70 for a total transaction of $99,697. More...

THOMAS LEIGHTON, AKAMAI TECHNOLOGIES INC, INSIDER TRADES


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G-III Apparel Group Could Be a Buy The stock has been cut in half over the last year, presenting a real buying opportunity for long-term investors Chuck Royce,Joel Greenblatt - G-III Apparel Group Could Be A Buy
G-III Apparel Group (NASDAQ:GIII) distributes private-label and brand-name clothing and has roots dating back to 1956. The company has an impressive roster of licensed brands from Levi’s to Nine West, Calvin Klein and Cole Haan, as well as the U.S. major sports leagues and more than 100 U.S. colleges and universities. More...

RETAIL, FASHION, BRANDS


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Papa John Schnatter Sells Papa John's in Insider Trade Founder and CEO sold 52,358 shares Jim Simons, Joel Greenblatt - Papa John Schnatter Sells Papa John's In Insider Trade
John Schnatter (Insider Trades), CEO, founder, chairman and 10% owner of Papa John’s International Inc. (NASDAQ:PZZA), sold 52,358 shares of the company on Oct. 12. The average price per share was $78.08 for a total transaction of $4,088,113. Papa John’s International is the third-largest pizza delivery company with a market cap of $2.87 billion. More...

JOHN SCHNATTER, PAPA JOHNS INTERNATIONAL INC, INSIDER TRADES


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Create Your Own Shortlists With Greenblatt’s Magic Formula Use the Magic Formula screener and its filtering power to create shortlists of stocks for potential purchase Joel Greenblatt - Create Your Own Shortlists With Greenblatt’s Magic Formula
Do you have difficulty creating short lists of value stocks when you want to buy something new? Do you look for a reasonably systematic strategy when creating shortlists? More...

SCREENER, MAGIC FORMULA SCREENER, ALL-IN-ONE SCREENER, JOEL GREENBLATT, MAGIC FORMULA, SHORTLISTS, EARNINGS YIELD, RETURN ON CAPITAL, STRATEGY


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CEO Phillip Frost Buys OPKO Health Insider purchased 24,800 shares Joel Greenblatt - CEO Phillip Frost Buys OPKO Health
Phillip Frost (Insider Trades), CEO, chairman and 10% owner of OPKO Health Inc. (NASDAQ:OPK), purchased 24,800 shares of the company on Oct. 10. The average price per share was $9.82, for a total transaction of $243,536. More...

PHILLIP FROST, OPKO HEALTH INC, INSIDER TRADES


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Ford Is a Value Trap Debt is the one reason not to invest in company Diamond Hill Capital,Joel Greenblatt - Ford Is A Value Trap
On the surface, Ford (NYSE:F) may look like a buy. Low price-earnings (P/E) ratio (5.8), decent margins, solid earnings and growth in book value make the stock pop up on a lot of value screens. In fact, big investors like Joel Greenblatt (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Diamond Hill Capital (Trades, More...

AUTOMOBILE, AUTOS, FORD


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Does Joel Greenblatt’s Magic Formula Have a Solution for Value Investors? Exploring the Magic Formula and assessing its potential Joel Greenblatt - Does Joel Greenblatt’s Magic Formula Have A Solution For Value Investors?
When investment guru Joel Greenblatt (Trades, Portfolio) taught at an Ivy League college, he would welcome each new class with a request: Shout out the names of big, well-known public companies. After getting the names, Greenblatt would pull out a newspaper (yes, we depended on newspapers for that sort of thing in the not so distant past), then announce the current price, the 52-week low and the 52-week high for each of them. More...

GURUS, JOEL GREENBLATT, MAGIC FORMULA, THE LITTLE BOOK THAT STILL BEATS THE MARKET, EARNINGS YIELD, RETURN ON CAPITAL, GOTHAM ASSET MANAGEMENT


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10 Questions With Conference Speaker Dave Sather Introducing Dave Sather, the founder of Sather Financial Group and head of an investing program at Texas Lutheran University Arnold Van Den Berg,Joel Greenblatt - 10 Questions With Conference Speaker Dave Sather
Dave Sather is the founder of Sather Financial Group, an asset management firm overseeing $400 million, based in Victoria, Texas, and a speaker at the 2017 GuruFocus Value Conference. He answers the questions below to introduce himself. More...

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Greenblatt and Yacktman Soar High in Airlines High earnings yield and rates of return increase value opportunities Donald Yacktman,Joel Greenblatt - Greenblatt And Yacktman Soar High In Airlines
Among the U.S. companies that made the “Greenblatt Yacktman” Screener, five of them are airlines: Alaska Air Group Inc. (NYSE:ALK), Delta Air Lines Inc. (NYSE:DAL), JetBlue Airways Corp. (NASDAQ:JBLU), Southwest Airlines Co. (NYSE:LUV) and United Continental Holdings Inc. (NYSE:UAL). As these companies have soaring Greenblatt earnings yield and Yacktman forward rates of return, the airline industry offers high value potential. More...

JOEL GREENBLATT, DONALD YACKTMAN


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