Latest news with #NYSAC
Yahoo
4 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.
The 42
10-07-2025
- Entertainment
- The 42
Taylor and Serrano safely make 136-pound catchweight for undisputed title rematch
THE CEREMONIAL WEIGH-INS will open to the public at Madison Square Garden this evening local time, but in a ballroom on the third floor of the nearby Kimpton Eventi Hotel this morning, Katie Taylor and Amanda Serrano got the hard part done. Serrano has dictated that the pair will dance at a 136-pound catchweight tomorrow night, four pounds shy of their previous meeting in Dallas last November. Taylor's 140-pound titles will still be on the line, however: 136 pounds is over the lightweight limit and therefore qualifies as a light-welterweight bout. This contractual stipulation will have been of little concern to Taylor, for whom lightweight is a more natural fit in any case. Perhaps to emphasise that point, the champion came in just over three ounces shy of the modified limit this morning, her weight registered by the New York State Athletic Commission as 135.8lbs. Serrano, meanwhile, was bang on 136, and will hope that Taylor's cut was an uncomfortable one after three consecutive bouts up at 140. While these early-morning weigh-ins are processional, there was still room for levity as Taylor was initially prevented from taking to the scales by the supervising NYSAC official. Advertisement She initially forgot to confirm her identity — just a formality — before informing the official that she was, as he already knew, the Katie Taylor whose name and likeness adorned the Netflix billboard behind her. 'To be sure to be sure!' laughed Taylor's manager, Brian Peters, offstage. With Serrano delayed in getting to the hotel, Taylor and the bulk of her crew left without observing the Puerto Rican on the scales. Trainer Ross Enamait hung back as a member of each boxer's team must be present to witness the official registration. When the catchweight was broached with Taylor at last night's press conference, the Bray woman said that Serrano shouldn't have considered herself to be 'in a position to dictate the terms of the fight'. 'She wants the fight at 136lbs, not 140lbs,' Taylor added. 'She wanted to be announced second into the ring. She wanted all these other 'champion privileges.'' And while she conceded on weight, Taylor dismissed Serrano's demands to stage their trilogy bout over the men's distance of 12, three-minute rounds, with their undisputed title showdown instead taking place over the conventional 10×2 format for women. 'She's not going to get everything her own way, basically, and I think that's just business done properly,' Taylor said. 'I don't really care about any of that stuff. My mindset does not change. This stuff is just nonsense, really. I'm just stepping in there with a champion mindset. I'm stepping in there giving it my all, and I'm as hungry as ever.' With the physical hunger from their respective weight cuts long since sated, Taylor and Serrano will stare each other down for the final time downstairs at Madison Square Garden tonight. Up to a couple thousand fans from Ireland, Puerto Rico and New York are expected to take their seats in The Theater for the ceremonial weigh-in, which will be streamed live on Netflix from 11pm Irish time. The main fight card tomorrow night will begin on Netflix at 1am Irish time.
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
Daily Mirror
02-05-2025
- Sport
- Daily Mirror
What UK time is Ryan Garcia fight? Start time for Rolly Romero fight
Ryan Garcia will make his highly-anticipated return to the ring later this evening, but is set for a tough night at the office in the shape of Rolly Romero Ryan Garcia is set to return to the ring for the first time in a little over a year tonight when he takes on a familiar face in Rolly Romero. The boxing stars were once sparring partners back in the day. While Romero was quick to throw his weight around the ring in the remerged viral footage, it was over eight years ago, and the pair finally have the chance to settle the score once and for all. It's been a tough year for Garcia after the New York State Athletic Commission had suspended him for a failed drug test following his win over Devin Haney in April 2024. However, he has since had his suspension lifted. "The suspension has been lifted as all conditions of the Consent Order have been met," a NYSAC spokesperson said in a statement to ESPN. Garcia's victory was overturned to a no contest and he was suspended for a year. As for Romero, the former world champion scored an impressive decision win over Manuel Jaimes in his last outing. And so, here's everything you need to know about tonight's fights... What time will Ryan Garcia vs Rolly Romero start tonight? Tonight's blockbuster event is scheduled to take place in Times Square, New York City. The main pay-per-view card is scheduled to get underway at around 11pm BST (5pm CT / 3pm PT / 6pm ET). Devin Haney's showdown with Jose Ramirez will likely start at around 12am Saturday morning BST (6pm CT / 4pm PT / 7pm ET). In the main event, Romero will make the walk to the ring first at around 1am Saturday morning BST (7pm CT / 5pm PT / 8pm ET) with Garcia set to immediately follow. The fight should not start later than this but could be brought forward if the undercard fights are completed earlier than expected. How to watch Ryan Garcia vs Rolly Romero on TV and live stream Fans will be able to stream the event live on DAZN pay-per-view. The event can be purchased for £21.99 in the UK, $59.99 in the US, and the equivalent of $24.99 for the rest of the world. A subscription for DAZN starts at £14.99 a month. Full fight card and undercard Ryan Garcia vs Rolly RomeroDevin Haney vs Jose RamirezTeofimo Lopez vs Arnold Barboza JrLevale Whittington vs Reito Tsutsumi Quotes corner Ryan Garcia: 'I retired Luke Campbell, I retired Javier Fortuna, and I'm about to retire Rolly and be done with these dudes. Whenever I get a feeling about retiring someone, I just know it. I know once I knock him out, he's done. I'm gonna take control of the fight right away. I have to control the ring. He's not a better boxer than me, but he's gonna try to do things to make me uncomfortable. Ring generalship is my best friend when I step into the ring.' Rolly Romero: 'I'm great. I'm happy right now. This is just another normal day for me…It's a historic event in Times Square and I'm happy to be headlining. This is going to be a legendary moment for all of boxing. This fight was destined to happen. I called it. I knew it was gonna be at 147 pounds and be one of the biggest fights in boxing history. Look at this.'
Yahoo
01-05-2025
- Sport
- Yahoo
How did Devin Haney become a boxing villain?
Devin Haney is hardly the first boxer to lean into the villain role. It's not the path he chose, but he's opted to play the hand he was dealt. That was on full display during an open workout Tuesday, when Haney (31-0, 1 NC 15 KOs) raced to the corner of the ring, mounted the ropes and reveled in the boos wafting his direction. Advertisement The undefeated former two-division champion has grown accustomed to his place among boxing's most despised. A he admitted at the start of the press tour ahead of this weekend's DAZN Pay-Per-View from Times Square in New York: 'It's easier to play the villain. … It pays better.' The obvious question is how does an unbeaten, well-mannered boxer who is among the best in the sport and a proven clean athlete find himself in such a position? Weirdly, it was a role forced upon him in the aftermath of his clash with Ryan Garcia last April at Barclays Center in New York. Garcia (24-1, 20 KOs) initially claimed a majority decision win, which was changed to a no-contest after Garcia tested positive for ostarine in testing contracted through Voluntary Anti-Doping Association. Advertisement A separate test from a sample collected by the New York State Athletic Commission (NYSAC) also revealed the presence of the same banned substance. Devin Haney was welcomed by boos during a media workout ahead of Friday's welterweight bout against Jose Ramirez. (Photo by Cris Esqueda/) (Cris Esqueda/Golden Boy via Getty Images) The incident in question capped a months-long stretch of outrageous behavior exhibited by Garcia throughout the buildup to their fight. After weeks of putting the event in jeopardy, Garcia then showed up to the official pre-fight weigh-in more than three pounds over the 140-pound limit, which meant Haney's WBC junior welterweight title was no longer at stake. An investigation conducted by the NYSAC surrounding the positive drug tests resulted in a one-year suspension for Garcia, plus the maximum allowable $10,000 fine and the complete forfeiture of his reported $1,200,000 fight purse. Those terms were part of a legal settlement reached with Garcia, but the punishment didn't placate Haney. Advertisement 'It means nothing if a proven cheater can just get a one-year ban,' Haney previously told Uncrowned. Worse, Garcia has emerged as the far more celebrated figure. His status only grew after Haney filed a lawsuit alleging fraud, battery and breach of contract. After filing the suit, Haney was ridiculed by Garcia, his legion of fans and even Hall of Fame boxer turned promoter Oscar De La Hoya, whose Golden Boy Promotions represents Garcia. Now Garcia will face Rolando Romero (16-2, 13 KOs) in a secondary WBA welterweight title fight atop the four-fight PPV event. Haney is relegated to the co-feature slot, where he meets fellow former champ Jose Ramirez. The bout is contracted for 144 pounds, which technically marks the welterweight debut for both boxers. The event is designed to lead to a Garcia-Haney rematch later this year, likely to take place in Riyadh, Saudi Arabia. The location is in play because of Turki Alalshikh, the driving force behind Riyadh Season's emergence in boxing who is financing this weekend's Times Square event. Advertisement In fact, Garcia never even bothered to comply with at least one key term of the settlement with NYSAC — random drug testing throughout his suspension — until he joined forces with Alalshikh. One staple of Riyadh Season events is its consistent use of VADA testing for all involved fighters. Garcia agreed, but also made a point to double up and enroll in testing as conducted through the California State Athletic Commission. It proved to be his wisest move, as it helped satisfy the terms required by NYSAC to be removed from suspension. Still, Garcia remains critical of an agency most others consider to be the gold standard of drug testing in the sport. Advertisement He's previously claimed to be the victim of a conspiracy, given Haney's close relationship with SNAC founder Victor Conte, who also founded the infamous BALCO organization implicated in a 2005 steroid scandal that resulted in a brief prison sentence for Conte. Conte served as an adviser in the early formation of VADA, and remains a vocal supporter of the program. There were also claims of contamination from a supplement Garcia reportedly used during training camp. His team ordered testing on an opened container of the supplement, and the results showed trace amounts of the same banned substance found in Garcia's system. For many boxing fans, this was all the excuse they needed to exonerate Garcia in the court of public opinion. They've yet to warm up to anything Haney has to say, however, despite the fact the 26-year-old is enrolled in year-round testing. 'The importance of being a 365 athlete is to show that we're clean no matter the circumstance,' Bill Haney, Devin's father, trainer and manager told Uncrowned. 'We're not cycling and just waiting for a fight to get signed to begin testing. We are here to be the gold standard of boxing. Advertisement 'Floyd Mayweather came along and changed the way things are done in this sport. That became the Floyd era. It's important for what we call 'The Devin Haney Era,' whether you like it or not. During a time when everyone was talking about sides of the street, we were the ones that worked with everyone to get all of the fights we wanted and prove that we're clean while doing it.' But highlighting their focus on doing things the right way has fueled a faction of the sport that loves to hate the Haneys. Those same fans continue to blindly support Garcia, no matter the evidence against him. The lawsuit undoubtedly provided more harm than good in terms of public opinion. Garcia added fuel to the fire by mocking Haney's claim he was assaulted in a boxing ring. Ryan Garcia has become a fan favorite in spite of, or maybe because of, his record of very public controversies. (Photo by Cris Esqueda/) (Cris Esqueda/Golden Boy via Getty Images) 'I'm being sued for doing my job," Garcia said at the time in a social-media post to his more than 12 million followers on Instagram. "This fight has been a Netflix documentary, but this right here is the finale. Your honor, he simply struggles with left hook syndrome." Advertisement While the no-contest result allowed Haney to keep his WBC 140-pound belt (which he subsequently vacated) and his unbeaten record, he was dropped from pound-for-pound lists. He continues to field criticism for his perceived lack of adjustments in the fight, particularly against Garcia's left hook, which was the primary weapon in Haney's three trips to the canvas. An alternate theory is offered by the other side of that equation. 'You ask why Devin can't block a left hook,' Bill Haney said. 'We reply that Ryan's power was a direct result of the drugs, of the ostarine. Ryan was a mental patient, he was on drugs, on steroids, drinking. He lied repeatedly to everyone, including his own followers … and he's somehow the f*****g hero in all this. 'Now all of a sudden, he's perfectly sane? If you lie to us once, it's shame on you. If you lie to us again and we fall for it, then shame on us. So we don't believe anything that he's saying now. The only thing we believe about Ryan is that he's a liar.' Advertisement For both Haney and Garcia, the first step toward the truth comes this weekend. Neither has fought since their meeting last April, and both have something to prove. Garcia wants to prove he can win clean under the scrutiny of extensive testing. Haney wants to prove he's better than he looked against Garcia, regardless of what was in his opponent's bloodstream. To his credit, the younger Haney is prepared to leave the past well behind him. 'I've been in denial over the things I was doing wrong,' Devin said during an interview at Tuesday's open workout. 'Ryan did things like take PEDs, but I still didn't fight a perfect fight. I had to go back to the drawing board and correct things, and you guys will see that. 'Whatever happened in that fight happened, now it's time for me to move on.' The question remains, however, whether he can get back into the good graces of those fans who are often too unforgiving of the sport's victims — and too obsessed with its more polarizing figures.
