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Joel Greenblatt Buys Micron Technology, Lockheed, Pentair

The investor's largest 3rd quarter buys

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Nov 16, 2017
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Joel Greenblatt (Trades, Portfolio) is an American hedge fund manager, writer and investor. He started his own hedge fund, Gotham Capital, in 1985, which produced an annualized return of 40% until 2006. He is also a director at Pzena Investment Management.

During the third quarter, the guru bought shares of the following stocks:

The guru acquired 1,477,788 shares of Micron Technology Inc. (MU) giving it a 0.85% portfolio space.

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The provider of memory and storage solutions, has a market cap of $51.86 billion and an enterprise value of $58.42billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 34.63% and return on assets (ROA) 16.28% are outperforming 92% of the companies in the Global Semiconductor Memory industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.49 is above the industry median of 1.62.

The largest shareholder among the gurus is

PRIMECAP Management (Trades, Portfolio) with 5.08% of outstanding shares followed by David Tepper (Trades, Portfolio) with 1.12% and Donald Smith (Trades, Portfolio) with 1.05%.

The investor purchased 119,471 shares in Lockheed Martin Corp. (LMT).The trade had an impact of 0.54% on the portfolio.

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The largest defense contractor in the world has a market cap of $89.62 billion and an enterprise value of $101.03 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 209.22% and ROA of 7.47% are outperforming 91% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.43.

Greenblatt is the largest shareholder of the company among the gurus with 0.04% of outstanding shares followed by Manning & Napier Advisors Inc with 0.02% and

Steven Cohen (Trades, Portfolio) with 0.01%.

The guru boosted his holding of Clorox Co. (CLX) by 5,080.03%. The transaction had an impact of 0.52% on the portfolio.

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The company has a market cap of $17.36 billion and an enterprise value of $19.09 billion. It operates in the household product market.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 170.24% and ROA of 15.63% are outperforming 91% of the companies in the Global Household & Personal Products industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.63.

Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.59% of outstanding shares followed by Greenblatt with 0.21%, Pioneer Investments (Trades, Portfolio) with 0.11% and Donald Yacktman (Trades, Portfolio) with 0.05%.

The guru boosted his Altria Group Inc. (MO) position 242.31%, expanding the portfolio by 0.51%.

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The company has a market cap of $124.93 billion and an enterprise value of $136.24 billion. It is one of the largest producers and marketers of tobacco.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 147.52% and ROA of 36.47% are outperforming 88% of the companies in the Global Tobacco industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.19 is below the industry median of 0.31.

The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.04% of outstanding shares followed by

Tom Russo (Trades, Portfolio) with 0.3% and Simons with 0.12%.

The guru acquired a new position in Pentair PLC (PNR) buying 487,491 shares. The trade gave the position a 0.49% portfolio space.

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The manufacturer of pumps has a market cap of $12.31 billion and an enterprise value of $13.71 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 13.27% and ROA of 5.81% are outperforming 65% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.07 is below the industry median of 1.05.

Mairs and Power (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 1.47% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 1.09% and PRIMECAP Management (Trades, Portfolio) with 0.81%.

The Electronic Arts Inc. (EA) stake was boosted by 130.61%, expanding the portfolio by 0.4%.

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The video game developer and seller has a market cap of $34.17 billion and an enterprise value of $30.81 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 29.54% and ROA of 15.77% are outperforming 90% of the companies in the Global Electronic Gaming and Multimedia industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 4.40 is below the industry median of 6.56.

The largest shareholder of the company among the gurus is

Steve Mandel (Trades, Portfolio) with 1.38% of outstanding shares followed by Cohen with 0.51%, Manning & Napier Advisors, Inc with 0.48% and PRIMECAP Management (Trades, Portfolio) with 0.41%.

The guru established a 255,120 shares-stake in Advance Auto Parts Inc. (AAP), giving it a 0.37% portfolio space.

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The manufacturer and distributor of auto parts, has a market cap of $6.89 billion and an enterprise value of $7.68 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 12.69% and ROA of 4.42% are outperforming 61% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.25 is below the industry median of 0.99.

Mandel is the largest shareholder of the company among the gurus, with 3.19% of outstanding shares followed by

Sarah Ketterer (Trades, Portfolio) with 2.73%, NWQ Managers (Trades, Portfolio) with 0.43% and Greenblatt with 0.35%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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