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 0.00/5

Rating: 0.0/5 (0 votes)

Johnson Controls Continues Trading at a Premium Compared to Peers
In this article, let's take a look at Johnson Controls Inc. (NYSE:JCI), a leading manufacturer of automotive interior systems, automotive batteries and automated building control systems. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Powered by Strong Earnings, Marriott Is a Compelling Investment Joel Greenblatt,Ken Heebner - Powered By Strong Earnings, Marriott Is A Compelling Investment
In this article, let's take a look at Marriott International, Inc. (NASDAQ:MAR), a $21.15 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Why L Brands Can Deliver Strong Growth in the Future
L Brands, Inc. (NYSE:LB) is a $24.45 billion market cap company, which operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products and accessories under various trade names. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Dril-Quip Is Trading At Attractive Valuations
Dril-Quip (NYSE:DRQ), which manufactures, sells and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications, is trading at attractive valuations and can be considered at current levels for long-term exposure. This article discusses the rationale behind this view and the valuation perspective. More...

LONG, OFFSHORE,SERVICES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Genuine Parts Generates Value Through Acquisitions
Joel Greenblatt (Trades, Portfolio) reported increasing his stake in one of Gotham Asset Management’s holdings, Genuine Parts Co (NYSE:GPC), a $13.75 billion market cap company that is a leading wholesale distributor of automotive replacement parts, industrial parts and supplies, and office products. With the transaction, Greenblatt’s position increased by 10335% to 282,470 shares valued at $26.3 million. More...

Joel Greenblatt, Genuine Parts


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Thomas Carson, President & CEO of Rovi Corp. (ROVI), bought 10,000 shares of the company at an average price of $15.88 per share on 07/06/2015
Thomas Carson (Insider Trades), president and CEO of entertainment company Rovi Corp. (ROVI), purchased 10,000 shares of the company on July 6, 2015. The average price per share was $15.88, for a transaction total of $158,800. Rovi Corp. powers top entertainment brands worldwide by providing products through a cloud-based platform. Rovi has a market cap of 1.49 billion and a P/S ratio of 2.57. More...

TOM CARSON, INSIDER TRADES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Relational Investors Sell Shares of Esterline Technologies
Relational Investors LLC is an activist investment fund based in San Diego, California. Founded in 1996, Relational invests in and strives to create long-term growth in publicly traded, underperforming companies that it believes are undervalued in the marketplace. Through intense and focused research, Relational develops an engagement plan to unlock value in its portfolio companies. The Firm seeks to engage the management, board of directors, and shareholders of a portfolio company in a productive dialogue designed to build a consensus for positive change to improve shareholder value. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Litespeed Management adds to its stake in MedAssets
Litespeed Management, L.L.C. was founded by Jamie Zimmerman in October 2000 and is an event-driven hedge fund focusing on special situations, distressed securities, and bankruptcies by providing its services to pooled investment vehicles. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Four Stocks With Growing EPS Near Their 52-Week Lows - Part II
With these articles, thanks to GuruFocus All-In-One Screener, I want to highlight stocks that have a strong price correction and are trading near their 52-week low. These stocks can be good for investors, since they reported growing earnings over the last few years. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Xerox's Shares Down by 23%
In this article, let's take a look at Xerox Corporation (NYSE:XRX), a $11.73 billion market cap company, which is a media and entertainment conglomerate that has diversified global operations intheme parks, filmed entertainment, television broadcasting and consumer products. More...

  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

Delta Airlines: Lessons From Warren Buffett
Every time I see interest increase in the airline industry, I think about two quotes from two of my most favorite billionaires. More...

TEPPER, AIRLINES, LOEB, GREENBLATT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Reasons to Buy Carter's
Shares of Carter's, Inc. (NYSE:CRI) reached a 52-week high of $108.34 on June 23. Investors’ confidence got a boost after the company announced its quarter results. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Does Garmin Offer an Upside Potential?
In this article, let's take a look at one important holding of Joel Greenblatt (Trades, Portfolio)´s Gotham Asset Management, Garmin Ltd. (NASDAQ:GRMN), the $8.72 billion market cap company, which has recently announced a 6.3% dividend hike. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Marriott's Growth in Q1 Looks Attractive Arnold Schneider,Joel Greenblatt - Marriott's Growth In Q1 Looks Attractive
In this article, let's take a look at Marriott International, Inc. (NASDAQ:MAR), a $20.94 billion market cap company, which operates more than 3,500 hotels and 600,000 rooms in more than 50 countries. More...

Marriot, Hotel


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

SSE, Leveraged Chesapeake Spinoff Left In A Challenging Environment
  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Adobe's Looks Attractive after Beating Earnings Estimates
In this article, let's take a look at Adobe Systems Inc. (NASDAQ:ADBE), a $41.16 billion market cap company, which provides a line of software and services used by marketers, knowledge workers, application developers, enterprises and consumers. The company markets and licenses its software to enterprise customers through its sales force and to end users through app stores and its website. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Will El Pollo Loco Starts To Grow ?
El Pollo Loco Holdings Inc (LOCO) or El Pollo Loco, pronounced “L Po-yo Lo-co” in Spanish that means “The Crazy Chicken,” is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. It operates within the restaurant industry, the LSR segment. It is engaged in restaurant concept that specializes in fire-grilling citrus-marinated chicken in front of its customers. The company opened its first location on Alvarado Street in Los Angeles, California in 1980, and currently it has approximately 401 restaurants, comprised of 168 company-operated and 233 franchised restaurants. More...

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