Renowned value investor, the inventor of magic formula investing, Joel Greenblatt just reported his third quarter portfolio. His magic machine is in full swing as he bought a lot of new stocks, and added to the existing ones. Since incepted in May 2009, his US Value Direct Composite portfolio has outperformed the S&P 500 by 24%.
As of 09/30/2013, Gotham Capital owns 881 stocks with a total value of $3.1 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.2%.- New Purchases: PPC, URS, NBR, NSR, TSN, LOW, SWY, BIG, KSS,
- Added Positions: COH, VCLK, WTW, MYGN, SNDK, ISRG, VMI, JOY, GES, TEL, ORCL, MO, DK, JEC, OSK, BRCM, URBN, OUTR, CHE, FLIR, ANF, CAH, CSCO, ZBRA, BBBY, HPQ,
- Reduced Positions: GME, SPY, TPX, WFC, INT, JBL, TSO, STX, DF, JCOM, NVDA, EXPR, HUN, SAVE,
- Sold Out: SLXP, UVV, CCE, RS, GDI,
This is the sector weightings of his portfolio:
Industrials | 24.1% |
Consumer Cyclical | 21.2% |
Technology | 18.6% |
Healthcare | 11.9% |
Consumer Defensive | 10.2% |
Energy | 3.8% |
Basic Materials | 3.7% |
Financial Services | 2.2% |
Communication Services | 1.7% |
Utilities | 0.4% |
These are the top 5 holdings of Joel Greenblatt
1. (SPY) - 177,321 shares, 1.0% of the total portfolio. Shares reduced by 33.7%
2. United Therapeutics Corporation (UTHR) - 372,147 shares, 0.9% of the total portfolio. Shares added by 9.03%
3. Endo Health Solutions Inc (ENDP) - 521,987 shares, 0.8% of the total portfolio. Shares added by 18.5%
4. Warner Chilcott PLC (WCRX) - 1,026,192 shares, 0.8% of the total portfolio. Shares reduced by 16.2%
5. PDL BioPharma, Inc. (PDLI) - 2,890,564 shares, 0.8% of the total portfolio. Shares added by 24.84%
New Purchase: URS Corporation (URS, Financial)
Joel Greenblatt initiated holdings in URS Corporation. His purchase prices were between $45.73 and $55.49, with an estimated average price of $49.55. The impact to his portfolio due to this purchase was 0.42%. His holdings were 237,918 shares as of 09/30/2013.
New Purchase: Pilgrims Pride Corp. (PPC, Financial)
Joel Greenblatt initiated holdings in Pilgrims Pride Corp.. His purchase prices were between $14.69 and $18.58, with an estimated average price of $16.5. The impact to his portfolio due to this purchase was 0.42%. His holdings were 761,966 shares as of 09/30/2013.
New Purchase: Nabors Industries Ltd (NBR, Financial)
Joel Greenblatt initiated holdings in Nabors Industries Ltd. His purchase prices were between $14.6 and $16.45, with an estimated average price of $15.71. The impact to his portfolio due to this purchase was 0.3%. His holdings were 571,864 shares as of 09/30/2013.
New Purchase: NeuStar, Inc. (NSR, Financial)
Joel Greenblatt initiated holdings in NeuStar, Inc.. His purchase prices were between $49.61 and $56.51, with an estimated average price of $52.13. The impact to his portfolio due to this purchase was 0.27%. His holdings were 167,505 shares as of 09/30/2013.
New Purchase: Tyson Foods, Inc. (TSN, Financial)
Joel Greenblatt initiated holdings in Tyson Foods, Inc.. His purchase prices were between $26.03 and $31.83, with an estimated average price of $29.04. The impact to his portfolio due to this purchase was 0.25%. His holdings were 275,153 shares as of 09/30/2013.
New Purchase: Lowe's Companies Inc. (LOW, Financial)
Joel Greenblatt initiated holdings in Lowe's Companies Inc.. His purchase prices were between $42.32 and $48.98, with an estimated average price of $45.42. The impact to his portfolio due to this purchase was 0.24%. His holdings were 157,285 shares as of 09/30/2013.
New Purchase: Safeway Inc. (SWY, Financial)
Joel Greenblatt initiated holdings in Safeway Inc.. His purchase prices were between $23.58 and $32.54, with an estimated average price of $26.57. The impact to his portfolio due to this purchase was 0.23%. His holdings were 220,287 shares as of 09/30/2013.
New Purchase: Big Lots, Inc. (BIG, Financial)
Joel Greenblatt initiated holdings in Big Lots, Inc.. His purchase prices were between $32.16 and $37.93, with an estimated average price of $35.42. The impact to his portfolio due to this purchase was 0.22%. His holdings were 181,096 shares as of 09/30/2013.
New Purchase: Kohl's Corp (KSS, Financial)
Joel Greenblatt initiated holdings in Kohl's Corp. His purchase prices were between $49.84 and $54.16, with an estimated average price of $52.26. The impact to his portfolio due to this purchase was 0.2%. His holdings were 117,946 shares as of 09/30/2013.
Sold Out: Salix Pharmaceuticals, Ltd. (SLXP)
Joel Greenblatt sold out his holdings in Salix Pharmaceuticals, Ltd.. His sale prices were between $65.73 and $75.54, with an estimated average price of $68.97.
Sold Out: Universal Corporation (UVV)
Joel Greenblatt sold out his holdings in Universal Corporation. His sale prices were between $48.43 and $63.36, with an estimated average price of $55.36.
Sold Out: Coca-Cola Enterprises Inc (CCE)
Joel Greenblatt sold out his holdings in Coca-Cola Enterprises Inc. His sale prices were between $34.57 and $41.37, with an estimated average price of $38.09.
Sold Out: Reliance Steel and Aluminum (RS)
Joel Greenblatt sold out his holdings in Reliance Steel and Aluminum. His sale prices were between $66 and $75.53, with an estimated average price of $69.79.
Sold Out: Gardner Denver, Inc. (GDI)
Joel Greenblatt sold out his holdings in Gardner Denver, Inc.. His sale prices were between $75.48 and $75.99, with an estimated average price of $75.87.
Added: Coach, Inc. (COH, Financial)
Joel Greenblatt added to his holdings in Coach, Inc. by 189.3%. His purchase prices were between $51.85 and $59.55, with an estimated average price of $55.03. The impact to his portfolio due to this purchase was 0.46%. His holdings were 400,563 shares as of 09/30/2013.
Added: ValueClick, Inc. (VCLK, Financial)
Joel Greenblatt added to his holdings in ValueClick, Inc. by 270.73%. His purchase prices were between $20.53 and $26.45, with an estimated average price of $22.7. The impact to his portfolio due to this purchase was 0.42%. His holdings were 836,536 shares as of 09/30/2013.
Added: Weight Watchers International, Inc. (WTW, Financial)
Joel Greenblatt added to his holdings in Weight Watchers International, Inc. by 137.91%. His purchase prices were between $35.87 and $47.45, with an estimated average price of $40.23. The impact to his portfolio due to this purchase was 0.37%. His holdings were 516,705 shares as of 09/30/2013.
Added: Myriad Genetics, Inc. (MYGN)
Joel Greenblatt added to his holdings in Myriad Genetics, Inc. by 74.78%. His purchase prices were between $24.396 and $31.8, with an estimated average price of $28.51. The impact to his portfolio due to this purchase was 0.32%. His holdings were 965,987 shares as of 09/30/2013.
Added: SanDisk Corp (SNDK)
Joel Greenblatt added to his holdings in SanDisk Corp by 4769.17%. His purchase prices were between $54.03 and $63.45, with an estimated average price of $58.68. The impact to his portfolio due to this purchase was 0.31%. His holdings were 167,743 shares as of 09/30/2013.
Added: Intuitive Surgical, Inc. (ISRG)
Joel Greenblatt added to his holdings in Intuitive Surgical, Inc. by 1203.44%. His purchase prices were between $363.89 and $504.01, with an estimated average price of $396.11. The impact to his portfolio due to this purchase was 0.29%. His holdings were 25,743 shares as of 09/30/2013.
Added: Valmont Industries, Inc. (VMI)
Joel Greenblatt added to his holdings in Valmont Industries, Inc. by 122.9%. His purchase prices were between $134.94 and $152.02, with an estimated average price of $142.97. The impact to his portfolio due to this purchase was 0.28%. His holdings were 111,416 shares as of 09/30/2013.
Added: Joy Global, Inc. (JOY)
Joel Greenblatt added to his holdings in Joy Global, Inc. by 138.86%. His purchase prices were between $48.32 and $54.35, with an estimated average price of $51.04. The impact to his portfolio due to this purchase was 0.27%. His holdings were 276,490 shares as of 09/30/2013.
Added: Guess? Inc (GES)
Joel Greenblatt added to his holdings in Guess? Inc by 987.71%. His purchase prices were between $27.23 and $34.16, with an estimated average price of $31.3. The impact to his portfolio due to this purchase was 0.27%. His holdings were 308,595 shares as of 09/30/2013.
Added: Oracle Corporation (ORCL)
Joel Greenblatt added to his holdings in Oracle Corporation by 85.66%. His purchase prices were between $30.1 and $34.05, with an estimated average price of $32.47. The impact to his portfolio due to this purchase was 0.25%. His holdings were 509,246 shares as of 09/30/2013.
Added: TE Connectivity Ltd (TEL)
Joel Greenblatt added to his holdings in TE Connectivity Ltd by 2116.62%. His purchase prices were between $46.2 and $53.54, with an estimated average price of $50.1. The impact to his portfolio due to this purchase was 0.25%. His holdings were 156,560 shares as of 09/30/2013.
Added: Jacobs Engineering Group (JEC)
Joel Greenblatt added to his holdings in Jacobs Engineering Group by 475.55%. His purchase prices were between $54.56 and $62.33, with an estimated average price of $58.83. The impact to his portfolio due to this purchase was 0.24%. His holdings were 155,985 shares as of 09/30/2013.
Added: Altria Group Inc. (MO)
Joel Greenblatt added to his holdings in Altria Group Inc. by 49.22%. His purchase prices were between $33.46 and $37.23, with an estimated average price of $35.25. The impact to his portfolio due to this purchase was 0.24%. His holdings were 656,458 shares as of 09/30/2013.
Added: Delek US Holdings, Inc. (DK)
Joel Greenblatt added to his holdings in Delek US Holdings, Inc. by 412.01%. His purchase prices were between $20.69 and $30.73, with an estimated average price of $26.48. The impact to his portfolio due to this purchase was 0.24%. His holdings were 439,913 shares as of 09/30/2013.
Added: Oshkosh Corporation (OSK)
Joel Greenblatt added to his holdings in Oshkosh Corporation by 234.65%. His purchase prices were between $38.19 and $49.12, with an estimated average price of $44.52. The impact to his portfolio due to this purchase was 0.23%. His holdings were 207,395 shares as of 09/30/2013.
Added: Broadcom Corporation (BRCM)
Joel Greenblatt added to his holdings in Broadcom Corporation by 505.7%. His purchase prices were between $24.865 and $34.845, with an estimated average price of $28.18. The impact to his portfolio due to this purchase was 0.23%. His holdings were 336,484 shares as of 09/30/2013.
Added: Chemed Corporation (CHE)
Joel Greenblatt added to his holdings in Chemed Corporation by 62.65%. His purchase prices were between $66.04 and $75.88, with an estimated average price of $71.11. The impact to his portfolio due to this purchase was 0.22%. His holdings were 243,527 shares as of 09/30/2013.
Added: Urban Outfitters Inc. (URBN)
Joel Greenblatt added to his holdings in Urban Outfitters Inc. by 260.72%. His purchase prices were between $36.94 and $43.83, with an estimated average price of $41.14. The impact to his portfolio due to this purchase was 0.22%. His holdings were 263,415 shares as of 09/30/2013.
Added: Outerwall Inc (OUTR)
Joel Greenblatt added to his holdings in Outerwall Inc by 182.9%. His purchase prices were between $46.29 and $65.3, with an estimated average price of $59.02. The impact to his portfolio due to this purchase was 0.22%. His holdings were 211,989 shares as of 09/30/2013.
Added: Abercrombie & Fitch Company (ANF)
Joel Greenblatt added to his holdings in Abercrombie & Fitch Company by 99.88%. His purchase prices were between $34.93 and $51.8, with an estimated average price of $44.33. The impact to his portfolio due to this purchase was 0.21%. His holdings were 367,244 shares as of 09/30/2013.
Added: Cardinal Health Inc (CAH)
Joel Greenblatt added to his holdings in Cardinal Health Inc by 772.85%. His purchase prices were between $47.02 and $53.57, with an estimated average price of $50.83. The impact to his portfolio due to this purchase was 0.21%. His holdings were 143,906 shares as of 09/30/2013.
Added: Cisco Systems Inc (CSCO)
Joel Greenblatt added to his holdings in Cisco Systems Inc by 43.22%. His purchase prices were between $23.31 and $26.377, with an estimated average price of $24.86. The impact to his portfolio due to this purchase was 0.21%. His holdings were 921,316 shares as of 09/30/2013.
Added: Zebra Technologies Corporation (ZBRA)
Joel Greenblatt added to his holdings in Zebra Technologies Corporation by 156.56%. His purchase prices were between $44.1 and $48.27, with an estimated average price of $46.17. The impact to his portfolio due to this purchase was 0.21%. His holdings were 232,237 shares as of 09/30/2013.
Added: FLIR Systems, Inc. (FLIR)
Joel Greenblatt added to his holdings in FLIR Systems, Inc. by 206.23%. His purchase prices were between $27.25 and $33.75, with an estimated average price of $31.27. The impact to his portfolio due to this purchase was 0.21%. His holdings were 308,389 shares as of 09/30/2013.
Added: Bed Bath & Beyond, Inc. (BBBY)
Joel Greenblatt added to his holdings in Bed Bath & Beyond, Inc. by 1107.47%. His purchase prices were between $71.46 and $78.18, with an estimated average price of $74.9. The impact to his portfolio due to this purchase was 0.2%. His holdings were 86,479 shares as of 09/30/2013.
Added: Hewlett-Packard Co (HPQ)
Joel Greenblatt added to his holdings in Hewlett-Packard Co by 78.25%. His purchase prices were between $21.17 and $27.3, with an estimated average price of $24.36. The impact to his portfolio due to this purchase was 0.2%. His holdings were 671,617 shares as of 09/30/2013.
Reduced: GameStop Corp (GME)
Joel Greenblatt reduced to his holdings in GameStop Corp by 73.89%. His sale prices were between $42.17 and $52.62, with an estimated average price of $47.87. The impact to his portfolio due to this sale was -0.63%. Joel Greenblatt still held 123,179 shares as of 09/30/2013.
Reduced: (SPY)
Joel Greenblatt reduced to his holdings in by 33.7%. His sale prices were between $161.21 and $173.05, with an estimated average price of $167.54. The impact to his portfolio due to this sale was -0.61%. Joel Greenblatt still held 177,321 shares as of 09/30/2013.
Reduced: Tempur Sealy International Inc (TPX)
Joel Greenblatt reduced to his holdings in Tempur Sealy International Inc by 93.73%. His sale prices were between $36.16 and $46.93, with an estimated average price of $41.43. The impact to his portfolio due to this sale was -0.52%. Joel Greenblatt still held 18,262 shares as of 09/30/2013.
Reduced: Wells Fargo & Co (WFC)
Joel Greenblatt reduced to his holdings in Wells Fargo & Co by 82.66%. His sale prices were between $41.08 and $44.63, with an estimated average price of $42.73. The impact to his portfolio due to this sale was -0.49%. Joel Greenblatt still held 130,050 shares as of 09/30/2013.
Reduced: World Fuel Services Corporation (INT)
Joel Greenblatt reduced to his holdings in World Fuel Services Corporation by 92.07%. His sale prices were between $35 and $41.62, with an estimated average price of $38.51. The impact to his portfolio due to this sale was -0.46%. Joel Greenblatt still held 27,580 shares as of 09/30/2013.
Reduced: Jabil Circuit, Inc. (JBL)
Joel Greenblatt reduced to his holdings in Jabil Circuit, Inc. by 97.91%. His sale prices were between $20.38 and $24.04, with an estimated average price of $22.86. The impact to his portfolio due to this sale was -0.44%. Joel Greenblatt still held 10,797 shares as of 09/30/2013.
Reduced: Tesoro Corporation (TSO)
Joel Greenblatt reduced to his holdings in Tesoro Corporation by 94.24%. His sale prices were between $44.41 and $57.75, with an estimated average price of $49.89. The impact to his portfolio due to this sale was -0.36%. Joel Greenblatt still held 9,688 shares as of 09/30/2013.
Reduced: Seagate Technology PLC (STX)
Joel Greenblatt reduced to his holdings in Seagate Technology PLC by 40.32%. His sale prices were between $38.09 and $47.52, with an estimated average price of $41.95. The impact to his portfolio due to this sale was -0.35%. Joel Greenblatt still held 269,812 shares as of 09/30/2013.
Reduced: Dean Foods Company (DF)
Joel Greenblatt reduced to his holdings in Dean Foods Company by 81.48%. His sale prices were between $18.62 and $22.7, with an estimated average price of $20.23. The impact to his portfolio due to this sale was -0.28%. Joel Greenblatt still held 72,610 shares as of 09/30/2013.
Reduced: j2 Global Inc (JCOM)
Joel Greenblatt reduced to his holdings in j2 Global Inc by 73.02%. His sale prices were between $42.2 and $52.48, with an estimated average price of $48.22. The impact to his portfolio due to this sale was -0.26%. Joel Greenblatt still held 52,629 shares as of 09/30/2013.
Reduced: NVIDIA Corporation (NVDA)
Joel Greenblatt reduced to his holdings in NVIDIA Corporation by 30.6%. His sale prices were between $14.09 and $15.999, with an estimated average price of $14.87. The impact to his portfolio due to this sale was -0.24%. Joel Greenblatt still held 891,959 shares as of 09/30/2013.
Reduced: Spirit Airlines Inc (SAVE)
Joel Greenblatt reduced to his holdings in Spirit Airlines Inc by 43.83%. His sale prices were between $30.24 and $35.69, with an estimated average price of $33.09. The impact to his portfolio due to this sale was -0.23%. Joel Greenblatt still held 218,532 shares as of 09/30/2013.
Reduced: Huntsman Corporation (HUN)
Joel Greenblatt reduced to his holdings in Huntsman Corporation by 87.51%. His sale prices were between $16.59 and $20.8, with an estimated average price of $18.23. The impact to his portfolio due to this sale was -0.23%. Joel Greenblatt still held 45,517 shares as of 09/30/2013.
Reduced: Express, Inc. (EXPR)
Joel Greenblatt reduced to his holdings in Express, Inc. by 43.01%. His sale prices were between $19.44 and $24.05, with an estimated average price of $22.06. The impact to his portfolio due to this sale was -0.23%. Joel Greenblatt still held 340,859 shares as of 09/30/2013.