Legendary Value Investor Joel Greenblatt Loves These 5 Stocks

In this article, we discuss the 5 stocks that legendary value investor Joel Greenblatt loves. If you want to read about some more stocks in the Greenblatt portfolio, go directly to Legendary Value Investor Joel Greenblatt Loves These 10 Stocks. 

5. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 57   

Oracle Corporation (NYSE:ORCL) provides information technology solutions to businesses. Latest filings show that Gotham Asset Management owned 204,102 shares in the firm at the end of December 2021 worth $17.8 million, representing 0.57% of the portfolio. The fund has increased its stake in the firm by 28% in the fourth quarter compared to third quarter filings. 

Oracle Corporation (NYSE:ORCL) is another long-term holding of the fund, having featured in the portfolio since early 2011. The first position of the fund in the firm comprised just 10,000 shares bought at an average price of $32.20 per share. The shares have since climbed above $93 per share. The fund has reduced its stake in the company in three of the last four quarters.  

At the end of the fourth quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $4 billion in Oracle Corporation (NYSE:ORCL), up from 56 in the preceding quarter worth $3.4 billion.

Here is what ClearBridge Investments has to say about Oracle Corporation (NYSE:ORCL) in its Q3 2021 investor letter:

“While the information technology (IT) sector in the benchmark stalled amid rising rates, our holdings outperformed in relative terms, helped in part by a strong quarter from Oracle Corporation (NYSE:ORCL), the dominant provider of on-premise database software for large enterprises globally and an increasingly viable cloud competitor. Solid quarterly results, raised guidance, healthy underlying metrics and an attractive valuation contributed to strong performance during the period.”