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5 days ago
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Joel Greenblatt's Strategic Moves: SPDR S&P 500 ETF Trust Takes Center Stage with 3. ...
Exploring the Latest 13F Filing of a Renowned Value Investor Joel Greenblatt (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Known for the invention of Magic Formula Investing, and founder of the New York Securities Auction Corporation (NYSAC), Greenblatt is the founder and managing partner of Gotham Asset Management, LLC. He is the author of two investment books, including "The Little Book that Beats the Market." He is also an Adjunct Professor with Columbia Business School. 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 principles 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. You can view the Magic Formula Stocks on the following page: Magic Formula Stocks. Warning! GuruFocus has detected 8 Warning Signs with PCG. Summary of New Buy Joel Greenblatt (Trades, Portfolio) added a total of 224 stocks, among them: The most significant addition was iShares Gold Trust (IAU), with 165,240 shares, accounting for 0.06% of the portfolio and a total value of $10.3 million. The second largest addition to the portfolio was VictoryShares Free Cash Flow ETF (NASDAQ:VFLO), consisting of 262,048 shares, representing approximately 0.06% of the portfolio, with a total value of $9.26 million. The third largest addition was Credo Technology Group Holding Ltd (NASDAQ:CRDO), with 64,702 shares, accounting for 0.04% of the portfolio and a total value of $5.99 million. Key Position Increases Joel Greenblatt (Trades, Portfolio) also increased stakes in a total of 919 stocks, among them: The most notable increase was SPDR S&P 500 ETF Trust (SPY), with an additional 1,059,136 shares, bringing the total to 4,355,487 shares. This adjustment represents a significant 32.13% increase in share count, a 3.92% impact on the current portfolio, with a total value of $2,691,037,640. The second largest increase was iShares 0-3 Month Treasury Bond ETF (SGOV), with an additional 635,060 shares, bringing the total to 748,815. This adjustment represents a significant 558.27% increase in share count, with a total value of $75,398,180. Summary of Sold Out Joel Greenblatt (Trades, Portfolio) completely exited 111 holdings in the second quarter of 2025, as detailed below: Paycor HCM Inc (PYCR): Joel Greenblatt (Trades, Portfolio) sold all 442,138 shares, resulting in a -0.08% impact on the portfolio. Avantis U.S. Large Cap Value ETF (AVLV): Joel Greenblatt (Trades, Portfolio) liquidated all 139,098 shares, causing a -0.08% impact on the portfolio. Key Position Reduces Joel Greenblatt (Trades, Portfolio) also reduced positions in 421 stocks. The most significant changes include: Reduced International Paper Co (NYSE:IP) by 245,351 shares, resulting in a -67.4% decrease in shares and a -0.11% impact on the portfolio. The stock traded at an average price of $47.37 during the quarter and has returned -4.18% over the past 3 months and -9.66% year-to-date. Reduced Lennox International Inc (NYSE:LII) by 23,824 shares, resulting in a -66.22% reduction in shares and a -0.11% impact on the portfolio. The stock traded at an average price of $559.25 during the quarter and has returned 1.55% over the past 3 months and -1.23% year-to-date. Portfolio Overview At the second quarter of 2025, Joel Greenblatt (Trades, Portfolio)'s portfolio included 1,655 stocks, with top holdings including 16.1% in SPDR S&P 500 ETF Trust (SPY), 3.22% in Gotham Enhanced 500 ETF (GSPY), 2.15% in NVIDIA Corp (NASDAQ:NVDA), 1.09% in Apple Inc (NASDAQ:AAPL), and 1.01% in iShares Core S&P 500 ETF (IVV). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Consumer Cyclical, Healthcare, Financial Services, Communication Services, Consumer Defensive, Basic Materials, Real Estate, Energy, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
09-04-2025
- Business
- Yahoo
WisdomTree U.S. Value Fund (WTV): Among the Top Deep Value Stocks ETFs
We recently published a list of Deep Value Stocks ETFs: Top 10 Picks. In this article, we are going to take a look at where WisdomTree U.S. Value Fund (NYSE:WTV) stands against other deep value ETFs to invest in. This year, growth stocks are largely overvalued, trading at massive premiums compared to the riotous tech bubble of 2021. This is why Morningstar suggests that investors should underweight growth stocks in their portfolios and focus on value stocks instead. As of March 24, 2025, the Morningstar US Market Index saw the highest losses in artificial intelligence stocks, while undervalued stocks gained. Value stocks are trading at an impressive 13% discount to fair value. Thus, Morningstar advises investors to pick up small-cap stocks, which are trading at an 18% discount to fair value, compared to large and mid-cap equities, which trade at the same discount as the broader market. William C. Nygren, partner, portfolio manager, and chief investment officer at Harris Associates, believes that it is an attractive time to be a value investor in this day and age because of the large spread in valuations between a few tech giants that drive the broader market and everything else. It is a golden time for value investors because the market is so concentrated, which means that cheap stocks are spread all across the other industries, allowing a unique opportunity to put together an investment portfolio comprising low P/E stocks. According to Nygren, it's not just bank and oil stocks that look cheap right now. Consumer durables, healthcare, and media companies are also attractively valued. Since a value investor focuses on buying stocks that the market isn't favoring at the moment, they get a much lower price. A value investor has to brave the odds, step in when others waver, and patiently wait for the market to reprice so their portfolio can thrive. Similarly, veteran value investor Joel Greenblatt of Gotham Asset Management acknowledges that while value stocks have underperformed compared to their growth counterparts over the last two decades, investors who keenly observe and play the market can certainly prevail and outperform the broader market. Greenblatt's Gotham Asset Management has returned a positive spread for the last three years, and the value investor noted that for a couple of mega stocks to consistently outperform the broader market is rather 'abnormal', possibly hinting that the market will reset its course. Jonathan Weiss/ We curated our list of the best deep value stocks ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of April 6, 2025, ranking the list in ascending order of the share price performance. Additionally, we analyzed the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey's Q4 2024 database is also included. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Share Price Performance as of April 6: 107.39% WisdomTree U.S. Value Fund (NYSE:WTV) invests in US companies that are high quality and offer strong shareholder yields. The fund promotes long-term investing and focuses on a disciplined, model-based approach. As of April 4, 2025, WTV offers an expense ratio of 0.12% and has total assets worth nearly $760 million. The ETF has a 30-day SEC yield of 1.97%, and it was established on February 23, 2007. American tobacco giant, one of the top deep value stocks on Wall Street, Altria Group, Inc. (NYSE:MO) is the largest holding in WisdomTree U.S. Value Fund (NYSE:WTV)'s portfolio. On February 27, Altria declared a quarterly dividend of $1.02 per share, set to be distributed on April 30, to shareholders on record as of March 25. Altria Group, Inc. (NYSE:MO) has raised its dividend payout for 55 consecutive years. According to Insider Monkey's fourth quarter database, 47 hedge funds held long positions in Altria Group, Inc. (NYSE:MO), compared to 32 funds in the earlier quarter. Peter Rathjens, Bruce Clarke, and John Campbell's was the biggest stakeholder of the company, with 22.2 million shares valued at $1.16 billion. Overall, WTW ranks 3rd among the Deep Value Stocks ETFs: Top 10 Picks. While we acknowledge the potential of deep value ETFs, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WTW but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
09-04-2025
- Business
- Yahoo
Avantis US Small Cap Value ETF (AVUV): Among the Top Deep Value Stocks ETFs
We recently published a list of Deep Value Stocks ETFs: Top 10 Picks. In this article, we are going to take a look at where Avantis US Small Cap Value ETF (NYSE:AVUV) stands against other deep value ETFs to invest in. This year, growth stocks are largely overvalued, trading at massive premiums compared to the riotous tech bubble of 2021. This is why Morningstar suggests that investors should underweight growth stocks in their portfolios and focus on value stocks instead. As of March 24, 2025, the Morningstar US Market Index saw the highest losses in artificial intelligence stocks, while undervalued stocks gained. Value stocks are trading at an impressive 13% discount to fair value. Thus, Morningstar advises investors to pick up small-cap stocks, which are trading at an 18% discount to fair value, compared to large and mid-cap equities, which trade at the same discount as the broader market. William C. Nygren, partner, portfolio manager, and chief investment officer at Harris Associates, believes that it is an attractive time to be a value investor in this day and age because of the large spread in valuations between a few tech giants that drive the broader market and everything else. It is a golden time for value investors because the market is so concentrated, which means that cheap stocks are spread all across the other industries, allowing a unique opportunity to put together an investment portfolio comprising low P/E stocks. According to Nygren, it's not just bank and oil stocks that look cheap right now. Consumer durables, healthcare, and media companies are also attractively valued. Since a value investor focuses on buying stocks that the market isn't favoring at the moment, they get a much lower price. A value investor has to brave the odds, step in when others waver, and patiently wait for the market to reprice so their portfolio can thrive. Similarly, veteran value investor Joel Greenblatt of Gotham Asset Management acknowledges that while value stocks have underperformed compared to their growth counterparts over the last two decades, investors who keenly observe and play the market can certainly prevail and outperform the broader market. Greenblatt's Gotham Asset Management has returned a positive spread for the last three years, and the value investor noted that for a couple of mega stocks to consistently outperform the broader market is rather 'abnormal', possibly hinting that the market will reset its course. An engineer examining a high-tech tank and freight car, showcasing the company's innovation in railcars. We curated our list of the best deep value stocks ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of April 6, 2025, ranking the list in ascending order of the share price performance. Additionally, we analyzed the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey's Q4 2024 database is also included. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Share Price Performance as of April 6: 123.56% Avantis US Small Cap Value ETF (NYSE:AVUV) tracks the price and yield performance of the Russell 2000 Value Index, which offers access to small-cap value stocks with stable financial profiles. As of February 28 this year, AVUV's portfolio consists of 772 holdings. The fund's net assets came in at over $13 billion as of April 4, 2025, and it had 168,440,000 outstanding shares. AVUV was launched on September 25, 2019. Avantis US Small Cap Value ETF (NYSE:AVUV)'s expense ratio is 0.25%. GATX Corporation (NYSE:GATX) is the biggest holding of Avantis US Small Cap Value ETF (NYSE:AVUV). It is a Chicago-based railcar leasing company that has three business segments – Rail North America, Rail International, and Engine Leasing. On January 31, 2025, GATX declared a quarterly dividend of $0.61 per share, which was paid on March 31. The company's dividend payments have been constant since 1919, and the current payout reflects a 5.2% boost compared to last year's dividend. It is one of the best deep value stocks to watch. According to Insider Monkey's fourth quarter database, 14 hedge funds were bullish on GATX Corporation (NYSE:GATX), compared to 16 funds in the previous quarter. Mario Gabelli's GAMCO Investors was the largest stakeholder of the company, with 1.32 million shares worth $204.7 million. Overall, AVUV ranks 2nd among the Deep Value Stocks ETFs: Top 10 Picks. While we acknowledge the potential of deep value ETFs, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AVUV but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Invesco S&P 500 Pure Value ETF (RPV): Among the Top Deep Value Stocks ETFs
We recently published a list of Deep Value Stocks ETFs: Top 10 Picks. In this article, we are going to take a look at where Invesco S&P 500 Pure Value ETF (NYSE:RPV) stands against other deep value ETFs to invest in. This year, growth stocks are largely overvalued, trading at massive premiums compared to the riotous tech bubble of 2021. This is why Morningstar suggests that investors should underweight growth stocks in their portfolios and focus on value stocks instead. As of March 24, 2025, the Morningstar US Market Index saw the highest losses in artificial intelligence stocks, while undervalued stocks gained. Value stocks are trading at an impressive 13% discount to fair value. Thus, Morningstar advises investors to pick up small-cap stocks, which are trading at an 18% discount to fair value, compared to large and mid-cap equities, which trade at the same discount as the broader market. William C. Nygren, partner, portfolio manager, and chief investment officer at Harris Associates, believes that it is an attractive time to be a value investor in this day and age because of the large spread in valuations between a few tech giants that drive the broader market and everything else. It is a golden time for value investors because the market is so concentrated, which means that cheap stocks are spread all across the other industries, allowing a unique opportunity to put together an investment portfolio comprising low P/E stocks. According to Nygren, it's not just bank and oil stocks that look cheap right now. Consumer durables, healthcare, and media companies are also attractively valued. Since a value investor focuses on buying stocks that the market isn't favoring at the moment, they get a much lower price. A value investor has to brave the odds, step in when others waver, and patiently wait for the market to reprice so their portfolio can thrive. Similarly, veteran value investor Joel Greenblatt of Gotham Asset Management acknowledges that while value stocks have underperformed compared to their growth counterparts over the last two decades, investors who keenly observe and play the market can certainly prevail and outperform the broader market. Greenblatt's Gotham Asset Management has returned a positive spread for the last three years, and the value investor noted that for a couple of mega stocks to consistently outperform the broader market is rather 'abnormal', possibly hinting that the market will reset its course. A row of shelves in a retail pharmacy, demonstrating the variety of drugs and over-the-counter products. We curated our list of the best deep value stocks ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of April 6, 2025, ranking the list in ascending order of the share price performance. Additionally, we analyzed the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey's Q4 2024 database is also included. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Share Price Performance as of April 6: 87.25% Invesco S&P 500 Pure Value ETF (NYSE:RPV) follows the S&P 500 Pure Value Index, which provides exposure to deep value stocks. The ETF and the benchmark are rebalanced annually. RPV was established on March 1, 2006. The fund offers an expense ratio of 0.35%, and its portfolio consists of 108 stocks as of April 4, 2025. The ETF distributes dividends quarterly, with a 30-day SEC yield of 2.53%. Invesco S&P 500 Pure Value ETF (NYSE:RPV)'s largest holding is CVS Health Corporation (NYSE:CVS). The company is divided into the Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. On March 20, the company announced a $0.665 per share quarterly dividend. The dividend is to be distributed on May 1, 2025, to shareholders listed by April 22. CVS is one of the top deep value stocks to monitor. Among the hedge funds tracked by Insider Monkey, CVS Health Corporation (NYSE:CVS) was part of 74 hedge fund portfolios at the end of Q4 2024, compared to 63 in the prior quarter. Richard S. Pzena's was the biggest stakeholder of the company, with 19.6 million shares valued at $880.3 million. Overall, RPV ranks 4th among the Deep Value Stocks ETFs: Top 10 Picks. While we acknowledge the potential of deep value ETFs, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RPV but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Invesco S&P SmallCap 600 Pure Value ETF (RZV): Among the Top Deep Value Stocks ETFs
We recently published a list of Deep Value Stocks ETFs: Top 10 Picks. In this article, we are going to take a look at where Invesco S&P SmallCap 600 Pure Value ETF (NYSE:RZV) stands against other deep value ETFs to invest in. This year, growth stocks are largely overvalued, trading at massive premiums compared to the riotous tech bubble of 2021. This is why Morningstar suggests that investors should underweight growth stocks in their portfolios and focus on value stocks instead. As of March 24, 2025, the Morningstar US Market Index saw the highest losses in artificial intelligence stocks, while undervalued stocks gained. Value stocks are trading at an impressive 13% discount to fair value. Thus, Morningstar advises investors to pick up small-cap stocks, which are trading at an 18% discount to fair value, compared to large and mid-cap equities, which trade at the same discount as the broader market. William C. Nygren, partner, portfolio manager, and chief investment officer at Harris Associates, believes that it is an attractive time to be a value investor in this day and age because of the large spread in valuations between a few tech giants that drive the broader market and everything else. It is a golden time for value investors because the market is so concentrated, which means that cheap stocks are spread all across the other industries, allowing a unique opportunity to put together an investment portfolio comprising low P/E stocks. According to Nygren, it's not just bank and oil stocks that look cheap right now. Consumer durables, healthcare, and media companies are also attractively valued. Since a value investor focuses on buying stocks that the market isn't favoring at the moment, they get a much lower price. A value investor has to brave the odds, step in when others waver, and patiently wait for the market to reprice so their portfolio can thrive. Similarly, veteran value investor Joel Greenblatt of Gotham Asset Management acknowledges that while value stocks have underperformed compared to their growth counterparts over the last two decades, investors who keenly observe and play the market can certainly prevail and outperform the broader market. Greenblatt's Gotham Asset Management has returned a positive spread for the last three years, and the value investor noted that for a couple of mega stocks to consistently outperform the broader market is rather 'abnormal', possibly hinting that the market will reset its course. A busy produce section in a grocery store, with heaps of fresh fruits and vegetables. We curated our list of the best deep value stocks ETFs by choosing consensus picks from multiple credible websites. We have mentioned the 5-year share price performance of each ETF as of April 6, 2025, ranking the list in ascending order of the share price performance. Additionally, we analyzed the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey's Q4 2024 database is also included. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Share Price Performance as of April 6: 129.24% Invesco S&P SmallCap 600 Pure Value ETF (NYSE:RZV) follows the performance of the S&P SmallCap 600 Pure Value Index. The fund and the index are rebalanced on an annual basis. RZV was established on March 1, 2006. As of April 4, 2025, Invesco S&P SmallCap 600 Pure Value ETF (NYSE:RZV)'s portfolio consists of 147 stocks, with an expense ratio of 0.35%. The fund distributes dividends quarterly and has a 30-day SEC yield of 2.25%. SpartanNash Company (NASDAQ:SPTN) is the top holding of Invesco S&P SmallCap 600 Pure Value ETF (NYSE:RZV). It is a Michigan-based food solutions company that markets and sells grocery products in the United States. On March 11, SPTN announced a quarterly dividend of $0.22 per share, up 1.1% from its prior dividend of $0.2175. The dividend was distributed on April 2. The company has 33,689,005 outstanding shares as of March 10, 2025. SpartanNash Company (NASDAQ:SPTN) is one of the best deep value stocks to invest in. Among the hedge funds tracked by Insider Monkey's fourth quarter database, 14 hedge funds were bullish on SpartanNash Company (NASDAQ:SPTN), the same as the prior quarter. Jim Simons' was the leading stakeholder of the company, with 742,812 shares worth $13.6 million. Overall, RZV ranks 1st among the Deep Value Stocks ETFs: Top 10 Picks. While we acknowledge the potential of deep value ETFs, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RZV but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
