Joel Greenblatt Gotham Asset Management
Joel Greenblatt is a co-founder of Gotham Asset Management and a well-known value investor, professor, and author. He gained wide recognition for The Little Book That Beats the Market and for popularizing a systematic value approach often called the “magic formula.” Greenblatt’s career spans special-situation investing, quantitative value strategies, and investor education.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$65.1M |
| 2 |
Procter & Gamble
PG
|
+$55.8M |
| 3 |
Aptiv
APTV
|
+$52.2M |
| 4 |
Stanley Black & Decker
SWK
|
+$50.9M |
| 5 |
General Dynamics
GD
|
+$49.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
Lam Research
LRCX
|
+$46.2M |
| 3 |
Lowe's Companies
LOW
|
+$45.3M |
| 4 |
Royal Caribbean
RCL
|
+$40.3M |
| 5 |
Coca-Cola
KO
|
+$38.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.01% |
| 2 | Technology | 19.39% |
| 3 | Consumer Discretionary | 16.67% |
| 4 | Healthcare | 13.78% |
| 5 | Consumer Staples | 10.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Gen Digital
GEN
$17.5B
| $9.69M | 0.14% |
374,900
-213,987
| -36% | -$5.82M |
|
227
Allegion
ALLE
$13.8B
| $9.68M | 0.14% |
113,513
-4,843
| -4% | -$406K |
|
|
FL
228
DELISTED
Foot Locker
FL
| $9.68M | 0.14% |
212,484
-104,591
| -33% | -$4.87M |
|
229
Energizer
ENR
$1.47B
| $9.67M | 0.14% |
162,232
+132,200
| +440% | +$7.13M |
|
230
Rogers Communications
RCI
$19.6B
| $9.54M | 0.13% |
213,458
+69,701
| +48% | +$3.27M |
|
|
ACH
231
Accendra Health
ACH
$88.4M
| $9.53M | 0.13% |
+612,583
| New | +$10.9M |
|
|
TIF
232
DELISTED
Tiffany & Co.
TIF
| $9.51M | 0.13% |
97,421
+68,895
| +242% | +$7.11M |
|
|
HDS
233
DELISTED
HD Supply Holdings, Inc.
HDS
| $9.51M | 0.13% |
250,536
-365,317
| -59% | -$13.8M |
|
234
Dick's Sporting Goods
DKS
$15.9B
| $9.46M | 0.13% |
+269,777
| New | +$8.8M |
|
235
Old Dominion Freight Line
ODFL
$41.7B
| $9.44M | 0.13% |
+192,735
| New | +$9.13M |
|
236
NextEra Energy
NEE
$175B
| $9.33M | 0.13% |
+228,392
| New | +$8.81M |
|
237
Advanced Micro Devices
AMD
$750B
| $9.29M | 0.13% |
+924,045
| New | +$11M |
|
|
ANSS
238
DELISTED
Ansys
ANSS
| $9.28M | 0.13% |
59,233
-13,416
| -18% | -$2.15M |
|
239
Goodyear
GT
$1.7B
| $9.26M | 0.13% |
+348,473
| New | +$10.8M |
|
240
Amphenol
APH
$191B
| $9.21M | 0.13% |
427,968
+415,848
| +3,431% | +$9.36M |
|
241
United Therapeutics
UTHR
$22B
| $9.19M | 0.13% |
81,760
+15,490
| +23% | +$1.97M |
|
242
Louisiana-Pacific
LPX
$5.04B
| $9.16M | 0.13% |
318,351
-117,321
| -27% | -$3.36M |
|
|
TLRD
243
DELISTED
Tailored Brands, Inc.
TLRD
| $9.12M | 0.13% |
363,767
-15,547
| -4% | -$360K |
|
244
Innoviva
INVA
$1.52B
| $9.08M | 0.13% |
544,869
-7,886
| -1% | -$122K |
|
245
Crocs
CROX
$5.93B
| $9.04M | 0.13% |
556,148
+15,755
| +3% | +$219K |
|
246
Best Buy
BBY
$18.6B
| $8.9M | 0.12% |
127,202
+30,706
| +32% | +$2.21M |
|
247
Teledyne Technologies
TDY
$28.9B
| $8.89M | 0.12% |
+47,493
| New | +$8.97M |
|
248
NOV
NOV
$7B
| $8.82M | 0.12% |
+239,747
| New | +$8.79M |
|
|
249
Royal Caribbean
RCL
$77.7B
| $8.79M | 0.12% |
74,678
-319,252
| -81% | -$40.3M |
|
250
Republic Services
RSG
$68.3B
| $8.76M | 0.12% |
132,213
+63,752
| +93% | +$4.27M |
|
Similar funds
Joel Greenblatt's Q1 2018 Portfolio in Review
As of Q1 2018, Joel Greenblatt held 1,159 positions worth $7.15B, up 3.8% from $6.89B the previous quarter. Its ten largest holdings account for 8.8% of the portfolio.
Joel Greenblatt deployed $359M of net new capital in Q1 2018, opening 240 new positions and adding to 360 existing holdings. Its largest new stake was IBM: 315,657 shares worth $46.3M.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Booking.com, an estimated $46.8M trimmed.
- Joel Greenblatt's largest Q1 2018 buy was IBM: 315,657 shares worth $46.3M.
- Joel Greenblatt added most to Raytheon Company in Q1 2018, an estimated $65.1M increase.
- Joel Greenblatt's biggest Q1 2018 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited Zimmer Biomet in Q1 2018, selling an estimated $37M.
- Joel Greenblatt's ten largest holdings make up 8.8% of its $7.15B portfolio in Q1 2018.
- Joel Greenblatt opened 240 new positions and closed 230 in Q1 2018.
- Joel Greenblatt's portfolio value rose 3.8% quarter-over-quarter to $7.15B.
Based on Gotham Asset Management's 13F filing for Q1 2018, filed 15 May 2018.