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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Dollar General
DG
$27.2B
| $10.5M | 0.13% |
149,934
-209,413
| -58% | -$15.3M |
|
252
Benchmark Electronics
BHE
$2.61B
| $10.4M | 0.13% |
328,496
+2,347
| +0.7% | +$73.5K |
|
|
AAN.A
253
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $10.4M | 0.13% |
348,760
-145,807
| -29% | -$4.34M |
|
254
VeriSign
VRSN
$25.5B
| $10.3M | 0.13% |
118,700
-226,394
| -66% | -$18.8M |
|
255
Deere & Co
DE
$175B
| $10.2M | 0.13% |
94,064
+34,682
| +58% | +$3.76M |
|
|
DNB
256
DELISTED
Dun & Bradstreet
DNB
| $10.2M | 0.13% |
94,774
+51,462
| +119% | +$5.83M |
|
|
S
257
DELISTED
Sprint Corporation
S
| $10.1M | 0.13% |
1,169,288
-49,152
| -4% | -$430K |
|
258
Kohl's
KSS
$2B
| $10.1M | 0.13% |
254,835
-517,618
| -67% | -$21.1M |
|
259
News Corp Class A
NWSA
$16.4B
| $10.1M | 0.13% |
778,009
-101,491
| -12% | -$1.27M |
|
260
Republic Services
RSG
$67.6B
| $10.1M | 0.13% |
160,371
+28,799
| +22% | +$1.72M |
|
261
Universal Corp
UVV
$1.12B
| $10M | 0.13% |
141,570
+102,509
| +262% | +$7.15M |
|
262
J.M. Smucker
SJM
$13.3B
| $10M | 0.13% |
+76,339
| New | +$10.4M |
|
263
AMC Global Media
AMCX
$511M
| $9.97M | 0.13% |
169,993
-188,933
| -53% | -$10.8M |
|
264
Brown-Forman Class B
BF.B
$13.1B
| $9.94M | 0.13% |
+336,373
| New | +$10M |
|
265
Huntsman Corp
HUN
$1.75B
| $9.93M | 0.13% |
404,546
-214,874
| -35% | -$4.62M |
|
266
Old Dominion Freight Line
ODFL
$42.8B
| $9.71M | 0.12% |
+340,386
| New | +$10.1M |
|
267
Henry Schein
HSIC
$9.86B
| $9.68M | 0.12% |
145,263
-179,255
| -55% | -$11.6M |
|
|
VAR
268
DELISTED
Varian Medical Systems, Inc.
VAR
| $9.68M | 0.12% |
106,226
-278,787
| -72% | -$23.2M |
|
269
Microchip Technology
MCHP
$41.3B
| $9.64M | 0.12% |
261,348
+234,026
| +857% | +$8.25M |
|
|
FTR
270
DELISTED
Frontier Communications Corp.
FTR
| $9.6M | 0.12% |
+299,055
| New | +$13.7M |
|
271
PACCAR
PCAR
$69B
| $9.6M | 0.12% |
214,211
-157,999
| -42% | -$7.12M |
|
272
Allegion
ALLE
$13.8B
| $9.56M | 0.12% |
126,258
-32,934
| -21% | -$2.33M |
|
273
Delek US
DK
$4.38B
| $9.49M | 0.12% |
+391,192
| New | +$9.29M |
|
|
PRAH
274
DELISTED
PRA Health Sciences, Inc.
PRAH
| $9.46M | 0.12% |
145,003
-58,156
| -29% | -$3.43M |
|
275
WEX
WEX
$6.81B
| $9.4M | 0.12% |
90,808
+74,792
| +467% | +$8.3M |
|
Similar funds
Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.