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 |
Phillips 66
PSX
|
+$43.2M |
| 2 |
Booking.com
BKNG
|
+$32.2M |
| 3 |
RTX Corp
RTX
|
+$32.1M |
| 4 |
Pfizer
PFE
|
+$30.2M |
| 5 |
Northrop Grumman
NOC
|
+$25.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$55.3M |
| 2 |
IBM
IBM
|
+$43.1M |
| 3 |
Lowe's Companies
LOW
|
+$36M |
| 4 |
Linde
LIN
|
+$29.1M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.23% |
| 2 | Technology | 15.76% |
| 3 | Healthcare | 12.99% |
| 4 | Consumer Discretionary | 12.18% |
| 5 | Consumer Staples | 10.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IPG
251
DELISTED
Interpublic Group of Companies
IPG
| $5.74M | 0.11% |
248,601
+130,647
| +111% | +$2.87M |
|
252
Cincinnati Financial
CINF
$26.2B
| $5.67M | 0.1% |
53,898
-2,311
| -4% | -$253K |
|
253
GoDaddy
GDDY
$12.7B
| $5.63M | 0.1% |
+82,889
| New | +$5.48M |
|
254
Paychex
PAYX
$44.9B
| $5.6M | 0.1% |
65,869
-257,739
| -80% | -$21.7M |
|
255
CVR Energy
CVI
$3.82B
| $5.51M | 0.1% |
136,310
+10,586
| +8% | +$465K |
|
256
ScottsMiracle-Gro
SMG
$3.48B
| $5.45M | 0.1% |
51,297
-56,377
| -52% | -$5.77M |
|
257
Cardinal Health
CAH
$53.4B
| $5.44M | 0.1% |
107,580
-233,297
| -68% | -$12M |
|
258
Aecom
ACM
$8.31B
| $5.42M | 0.1% |
+125,621
| New | +$5.21M |
|
259
Bread Financial
BFH
$4.06B
| $5.42M | 0.1% |
60,506
+1,700
| +3% | +$150K |
|
260
IDEX
IEX
$17.2B
| $5.4M | 0.1% |
31,397
+16,408
| +109% | +$2.66M |
|
261
Emcor
EME
$33.8B
| $5.33M | 0.1% |
61,818
+47,890
| +344% | +$4.22M |
|
|
PDCE
262
DELISTED
PDC Energy, Inc.
PDCE
| $5.32M | 0.1% |
203,417
+190,405
| +1,463% | +$4.57M |
|
263
Aramark
ARMK
$15.6B
| $5.32M | 0.1% |
169,694
+136,036
| +404% | +$4.27M |
|
264
Timken Company
TKR
$8.49B
| $5.31M | 0.1% |
94,277
-1,971
| -2% | -$99.6K |
|
265
C.H. Robinson
CHRW
$16.6B
| $5.31M | 0.1% |
67,876
-68,693
| -50% | -$5.47M |
|
266
McKesson
MCK
$101B
| $5.31M | 0.1% |
38,361
-182,632
| -83% | -$25.8M |
|
267
Pentair
PNR
$10.1B
| $5.3M | 0.1% |
+115,507
| New | +$4.88M |
|
268
Group 1 Automotive
GPI
$3.1B
| $5.22M | 0.1% |
52,156
-23,344
| -31% | -$2.3M |
|
269
Franklin Templeton
BEN
$17.5B
| $5.2M | 0.1% |
200,232
+33,885
| +20% | +$921K |
|
|
JNPR
270
DELISTED
Juniper Networks
JNPR
| $5.16M | 0.09% |
209,595
+26,561
| +15% | +$653K |
|
271
Avnet
AVT
$7.07B
| $5.14M | 0.09% |
121,074
+17,381
| +17% | +$716K |
|
|
FLOW
272
DELISTED
SPX FLOW, Inc.
FLOW
| $5.04M | 0.09% |
103,097
+14,952
| +17% | +$663K |
|
273
Strategic Education
STRA
$1.88B
| $5.01M | 0.09% |
31,532
+19,343
| +159% | +$2.69M |
|
|
QVCGA
274
DELISTED
QVC Group Inc Series A
QVCGA
| $4.88M | 0.09% |
11,920
+7,817
| +191% | +$3.52M |
|
275
NewMarket
NEU
$8.61B
| $4.86M | 0.09% |
9,991
+3,184
| +47% | +$1.53M |
|
Similar funds
Joel Greenblatt's Q4 2019 Portfolio in Review
As of Q4 2019, Joel Greenblatt held 1,290 positions worth $5.45B, down 3.8% from $5.66B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $632M in Q4 2019, closing 203 positions and reducing 508 holdings. Its most notable exit was Celgene Corp, an estimated $55.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Phillips 66 worth $42.8M.
- Joel Greenblatt's largest Q4 2019 buy was Phillips 66: 384,100 shares worth $42.8M.
- Joel Greenblatt added most to Booking.com in Q4 2019, an estimated $32.2M increase.
- Joel Greenblatt's biggest Q4 2019 reduction was IBM, cutting an estimated $43.1M.
- Joel Greenblatt fully exited Celgene Corp in Q4 2019, selling an estimated $55.3M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.45B portfolio in Q4 2019.
- Joel Greenblatt opened 215 new positions and closed 203 in Q4 2019.
- Joel Greenblatt's portfolio value fell 3.8% quarter-over-quarter to $5.45B.
Based on Gotham Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.