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 |
RTX Corp
RTX
|
+$79.2M |
| 2 |
eBay
EBAY
|
+$65.8M |
| 3 |
Baxter International
BAX
|
+$64.6M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$57.6M |
| 5 |
Biogen
BIIB
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$85.2M |
| 2 |
SAFM
Sanderson Farms Inc
SAFM
|
+$65.9M |
| 3 |
Polaris
PII
|
+$61.7M |
| 4 |
Lam Research
LRCX
|
+$54M |
| 5 |
Teradyne
TER
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.04% |
| 2 | Technology | 19.86% |
| 3 | Consumer Discretionary | 17.24% |
| 4 | Healthcare | 16.73% |
| 5 | Consumer Staples | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
STRZA
251
DELISTED
Starz - Series A
STRZA
| $12.7M | 0.14% |
480,481
+340,202
| +243% | +$9.32M |
|
252
Adeia
ADEA
$2.89B
| $12.6M | 0.14% |
1,542,138
-1,801,816
| -54% | -$13.7M |
|
|
EXPR
253
DELISTED
Express, Inc.
EXPR
| $12.6M | 0.14% |
+29,382
| New | +$10.5M |
|
|
WFT
254
DELISTED
Weatherford International plc
WFT
| $12.5M | 0.14% |
1,605,295
+226,231
| +16% | +$1.53M |
|
|
PDLI
255
DELISTED
PDL BioPharma, Inc.
PDLI
| $12.4M | 0.14% |
3,732,679
-1,016,011
| -21% | -$3.17M |
|
256
Altria Group
MO
$110B
| $12.3M | 0.14% |
195,968
-258,571
| -57% | -$15.6M |
|
257
Steel Dynamics
STLD
$32.8B
| $12.3M | 0.14% |
545,182
-91,725
| -14% | -$1.73M |
|
258
Ametek
AME
$54.9B
| $12.3M | 0.14% |
+245,503
| New | +$11.7M |
|
259
Advanced Energy
AEIS
$11.4B
| $12.1M | 0.14% |
346,685
-148,807
| -30% | -$4.35M |
|
260
Cracker Barrel
CBRL
$1.29B
| $12M | 0.14% |
78,870
-1,060
| -1% | -$146K |
|
261
Carnival Corporation Ltd
CCL
$35.2B
| $12M | 0.13% |
227,463
-586,569
| -72% | -$28.4M |
|
262
Reliance Steel & Aluminium
RS
$19.8B
| $11.8M | 0.13% |
170,264
-27,650
| -14% | -$1.67M |
|
|
BLD
263
DELISTED
TopBuild
BLD
| $11.8M | 0.13% |
396,076
+19,444
| +5% | +$526K |
|
264
World Kinect Corp
WKC
$1.84B
| $11.8M | 0.13% |
242,379
+42,390
| +21% | +$1.82M |
|
265
Centene
CNC
$32.1B
| $11.8M | 0.13% |
382,202
+151,064
| +65% | +$4.51M |
|
266
Chemed
CHE
$7.07B
| $11.8M | 0.13% |
86,834
+1,670
| +2% | +$226K |
|
|
MSGN
267
DELISTED
MSG Networks Inc.
MSGN
| $11.7M | 0.13% |
676,596
-338,936
| -33% | -$5.91M |
|
|
JCP
268
DELISTED
J.C. Penney Company, Inc.
JCP
| $11.6M | 0.13% |
+1,052,419
| New | +$9.22M |
|
269
United Rentals
URI
$68.4B
| $11.6M | 0.13% |
+186,554
| New | +$10.4M |
|
270
Range Resources
RRC
$9.59B
| $11.6M | 0.13% |
+357,672
| New | +$9.94M |
|
271
RB Global
RBA
$16.1B
| $11.5M | 0.13% |
425,722
-652,347
| -61% | -$15.4M |
|
|
TWX
272
DELISTED
Time Warner Inc
TWX
| $11.3M | 0.13% |
156,329
-305,251
| -66% | -$21M |
|
273
Franklin Templeton
BEN
$17.4B
| $11.3M | 0.13% |
290,024
-84,782
| -23% | -$3M |
|
|
LLL
274
DELISTED
L3 Technologies, Inc.
LLL
| $11.3M | 0.13% |
95,009
+91,411
| +2,541% | +$10.7M |
|
275
Cintas
CTAS
$81.6B
| $11.3M | 0.13% |
501,424
+448,288
| +844% | +$9.62M |
|
Similar funds
Joel Greenblatt's Q1 2016 Portfolio in Review
As of Q1 2016, Joel Greenblatt held 1,164 positions worth $8.92B, down 3.1% from $9.21B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Joel Greenblatt withdrew a net $529M in Q1 2016, closing 214 positions and reducing 363 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $85.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in RTX Corp worth $86M.
- Joel Greenblatt's largest Q1 2016 buy was RTX Corp: 1,365,401 shares worth $86M.
- Joel Greenblatt added most to eBay in Q1 2016, an estimated $65.8M increase.
- Joel Greenblatt's biggest Q1 2016 reduction was Sanderson Farms Inc, cutting an estimated $65.9M.
- Joel Greenblatt fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $85.2M.
- Joel Greenblatt's ten largest holdings make up 8.6% of its $8.92B portfolio in Q1 2016.
- Joel Greenblatt opened 311 new positions and closed 214 in Q1 2016.
- Joel Greenblatt's portfolio value fell 3.1% quarter-over-quarter to $8.92B.
Based on Gotham Asset Management's 13F filing for Q1 2016, filed 16 May 2016.