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Yahoo
6 days ago
- Business
- Yahoo
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
15-05-2025
- Business
- Yahoo
Joel Greenblatt's Strategic Moves: SPDR S&P 500 ETF Trust Takes Center Stage with 4. ...
Joel Greenblatt (Trades, Portfolio) recently submitted the 13F filing for the first 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 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 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. You can view the Magic Formula Stocks on the following page: Magic Formula Stocks Warning! GuruFocus has detected 1 Warning Sign with GRBK. Joel Greenblatt (Trades, Portfolio) added a total of 268 stocks, among them: The most significant addition was Millrose Properties Inc (NYSE:MRP), with 643,790 shares, accounting for 0.14% of the portfolio and a total value of $17,066,870 million. The second largest addition to the portfolio was Intuitive Machines Inc (NASDAQ:LUNR), consisting of 2,112,674 shares, representing approximately 0.13% of the portfolio, with a total value of $15,739,420. The third largest addition was CRH PLC (NYSE:CRH), with 147,965 shares, accounting for 0.11% of the portfolio and a total value of $13,016,480. Joel Greenblatt (Trades, Portfolio) also increased stakes in a total of 782 stocks, among them: The most notable increase was SPDR S&P 500 ETF Trust (SPY), with an additional 912,333 shares, bringing the total to 3,296,351 shares. This adjustment represents a significant 38.27% increase in share count, a 4.26% impact on the current portfolio, with a total value of $1,843,945,790. The second largest increase was Inc (NASDAQ:AMZN), with an additional 372,430 shares, bringing the total to 722,121. This adjustment represents a significant 106.5% increase in share count, with a total value of $137,390,740. Joel Greenblatt (Trades, Portfolio) completely exited 148 holdings in the first quarter of 2025, as detailed below: Sonoco Products Co (NYSE:SON): Joel Greenblatt (Trades, Portfolio) sold all 242,315 shares, resulting in a -0.11% impact on the portfolio. Acadia Healthcare Co Inc (NASDAQ:ACHC): Joel Greenblatt (Trades, Portfolio) liquidated all 157,461 shares, causing a -0.06% impact on the portfolio. Joel Greenblatt (Trades, Portfolio) also reduced positions in 449 stocks. The most significant changes include: Reduced ConocoPhillips (NYSE:COP) by 231,425 shares, resulting in a -78.96% decrease in shares and a -0.22% impact on the portfolio. The stock traded at an average price of $99.73 during the quarter and has returned -3.43% over the past 3 months and -5.50% year-to-date. Reduced Dominion Energy Inc (NYSE:D) by 328,432 shares, resulting in a -67.29% reduction in shares and a -0.17% impact on the portfolio. The stock traded at an average price of $55 during the quarter and has returned 0.19% over the past 3 months and 3.41% year-to-date. At the first quarter of 2025, Joel Greenblatt (Trades, Portfolio)'s portfolio included 1,542 stocks, with top holdings including 15.39% in SPDR S&P 500 ETF Trust (SPY), 4.07% in Gotham Enhanced 500 ETF (GSPY), 1.93% in NVIDIA Corp (NASDAQ:NVDA), 1.47% in Apple Inc (NASDAQ:AAPL), and 1.28% in iShares Core S&P 500 ETF (IVV). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Consumer Cyclical, Healthcare, Financial Services, Consumer Defensive, Communication Services, Real Estate, Basic Materials, 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. Sign in to access your portfolio
