Joel Greenblatt

Joel Greenblatt

Gotham Asset Management, LLC
Last update 2018-08-14 862 Stocks (217 new)
Value $6.92 Bil Turnover 33 %
Top Holdings: AAPL(1.27%) MU(1.11%) WMT(0.93%) CSCO(0.93%) RTN(0.91%)
Guru Portfolio Report Download
Price change from average %
Market Cap

Joel Greenblatt 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.

Joel Greenblatt 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%.

Joel Greenblatt Total Holding History ($B)

Historical Allocation of Stock, Bonds, Cash

Performance of Gotham Absolute Return Fund

YearReturn %S&P500 %Excess Gain %
No Data

Commentaries and Stories
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 46

3 High Forward Dividend Stocks
Advanced Emissions Solutions, Compass Minerals International and International Paper Company make the list
0 Votes
134 Views    Alberto Abaterusso    2018-11-05 15:48
Greenblatt Likes Stocks With 6-9% Cash Flow Yields
Guru appears on Bloomberg TV to share his market outlook
2 Votes
122 Views    Bram de Haas    2018-10-30 19:01
Jana Partners Trims Holding in Jack in the Box
Activist investor signs confidentiality and standstill letter agreement
0 Votes
154 Views    James Li    2018-10-26 18:52
6 Heavy Stocks in Gurus' Portfolios
Stocks that are underperforming gurus' returns
0 Votes
96 Views    Tiziano Frateschi    2018-10-08 20:08
Costco Drops After 4rd Quarter Results
Company whose stock Buffett owns warns of 'material weakness'
1 Votes
759 Views    Holly LaFon    2018-10-04 21:56
Risk-Reward With Bed Bath & Beyond
The down trend continues in one of America's favorite retailers
2 Votes
301 Views    Jonathan Poland    2018-10-04 15:04
6 Low Price-Sales Stocks
Berkshire Hills Bancorp, General Mills make the list
0 Votes
76 Views    Tiziano Frateschi    2018-09-24 19:14
Joel Greenblatt's Gotham Funds: Market Observations
US equity markets remain very expensive, Greenblatt says
0 Votes
210 Views    Holly LaFon    2018-09-21 20:02
Applied Materials Is a Steal
Trading under $45 and 10 times earnings, the stock is a bargain currently
6 Votes
1843 Views    Jonathan Poland    2018-08-24 18:26
Behavioral Investing: Is This Why Value Investing Is Hard?
The power of siren stories often overshadows true evidence
1 Votes
360 Views    Robert Abbott    2018-08-22 18:32

Top Ranked Articles
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 61

On Diversification
Diversification is not an easy subject, but by analyzing data and applying some logic you can narrow down an optimal strategy
7 Votes
1546 Views    Chris Gilbert    2016-04-25 15:27
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.
7 Votes
1550 Views    John Huber    2016-06-06 19:40
PetSmart Is a Top Defensive Company with Growth
5 Votes
2540 Views    Chris Mydlo    2014-05-01 22:22
An Intro to Magic Formula Investing
4 Votes
1627 Views    mfinvestor    2014-03-19 16:26
6 Useful Categories of Stocks
4 Votes
1549 Views    Raman Minhas    2014-10-14 16:02