Joel Greenblatt is a US-American asset manager, author, and adjunct professor at Columbia University. In his book, he describes his investment strategy called „Magic Formula Investing“. Magic Formula Investing is an investment strategy that filters out the best stocks through two metrics; RoIC (Return on Invested Capital) and profit yield. Furthermore, Greenblatt is the founder of the website Value Investors Club where a limited number of investors share advice.
Joel Greenblatt's investment portfolio showcases a strategic allocation in leading stock assets, emphasizing market-tracking funds and tech giants. The SPDR S&P 500 ETF Trust (SSgA Active Trust) is his largest holding at 8.9%, reflecting a preference for broad market exposure with this benchmark index fund. Following closely, Greenblatt invested 6.2% of his portfolio in the Gotham Enhanced 500 ETF (Tidal ETF Trust), which aims to provide an enhanced return on the S&P 500 performance. iShares Core S&P 500 ETF managed by BlackRock Institutional Trust Company N.A., captures another significant portion with 1.7% allocation, cementing the investor's confidence in S&P 500-focused instruments.
Greenblatt also places substantial value on the tech sector, with Microsoft Corporation constituting 1.4% of his investments, indicating trust in its long-term growth and stability. Apple Inc rounds out the top five positions at 1.3%, suggesting belief in its innovation and market-leading status. These concentrated holdings depict Joel Greenblatt’s approach toward reputable companies and indices that anchor his investment philosophy.
