Joel Greenblatt’s New Magic Formula Stocks

Things seem to be going very well for Joel Greenblatt. His 13F portfolio more than doubled since the end of first quarter. His magic formula stocks performed much better than most hedge funds’ top stock picks during the past six weeks. Since the end of second quarter Greenblatt’s top 25 stock picks outperformed the market by more than 2 percentage points. The largest new stock position in Greenblatt’s portfolio is SPY. This is probably because of capital flows. The new stocks that satisfied his “magic formula” criteria during second quarter are Best Buy (BBY), Apple Inc (AAPL), Joy Global (JOYG), Viacom (VIA-B), CVS Caremark (CVS), Stanley Black & Decker (SWK), Ingersoll Rand (IR), and Medtronic (MDT). There are Jel Greenblatt’s other new smaller stock picks as well. Our members can access to those names later this week on our hedge fund page (membership is free).


Here are the top 25 magic formula stocks in Joel Greenblatt’s portfolio: