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 |
Micron Technology
MU
|
+$46.7M |
| 2 |
Altria Group
MO
|
+$36.7M |
| 3 |
Clorox
CLX
|
+$36M |
| 4 |
Lockheed Martin
LMT
|
+$35.6M |
| 5 |
Pentair
PNR
|
+$31.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emerson Electric
EMR
|
+$51.9M |
| 2 |
United Rentals
URI
|
+$42.6M |
| 3 |
Archer Daniels Midland
ADM
|
+$31.2M |
| 4 |
Biogen
BIIB
|
+$29.4M |
| 5 |
Procter & Gamble
PG
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.45% |
| 2 | Technology | 20.01% |
| 3 | Healthcare | 16.96% |
| 4 | Consumer Discretionary | 16.53% |
| 5 | Communication Services | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Tetra Tech
TTEK
$9.47B
| $7.92M | 0.12% |
851,095
+493,965
| +138% | +$4.34M |
|
|
FL
277
DELISTED
Foot Locker
FL
| $7.9M | 0.12% |
224,285
-154,227
| -41% | -$6.49M |
|
278
Martin Marietta Materials
MLM
$32.1B
| $7.83M | 0.12% |
37,980
+23,983
| +171% | +$5.07M |
|
279
Gibraltar Industries
ROCK
$1.38B
| $7.8M | 0.11% |
250,483
+28,227
| +13% | +$852K |
|
280
Colgate-Palmolive
CL
$72.6B
| $7.79M | 0.11% |
106,868
+67,399
| +171% | +$4.86M |
|
281
Cracker Barrel
CBRL
$1.29B
| $7.78M | 0.11% |
51,315
+8,057
| +19% | +$1.23M |
|
282
Benchmark Electronics
BHE
$2.61B
| $7.78M | 0.11% |
227,772
-95,526
| -30% | -$3.14M |
|
283
Bristol-Myers Squibb
BMY
$137B
| $7.75M | 0.11% |
121,594
+34,135
| +39% | +$1.99M |
|
284
Western Union
WU
$2.28B
| $7.71M | 0.11% |
401,626
-114,072
| -22% | -$2.17M |
|
285
Wells Fargo
WFC
$254B
| $7.58M | 0.11% |
137,384
-8,573
| -6% | -$456K |
|
286
PetMed Express
PETS
$38.2M
| $7.45M | 0.11% |
224,828
+192,454
| +594% | +$7.83M |
|
287
Progress Software
PRGS
$1.82B
| $7.41M | 0.11% |
194,081
-55,176
| -22% | -$1.84M |
|
288
Bath & Body Works
BBWI
$3.92B
| $7.32M | 0.11% |
217,620
-64,698
| -23% | -$2.17M |
|
|
ECHO
289
EchoStar
ECHO
$25.2B
| $7.19M | 0.11% |
154,963
+47,530
| +44% | +$2.27M |
|
290
Crane NXT
CXT
$2.89B
| $7.18M | 0.11% |
258,543
-378,868
| -59% | -$10.2M |
|
291
Elevance Health
ELV
$86.9B
| $7.18M | 0.11% |
37,813
+1,308
| +4% | +$249K |
|
292
Deere & Co
DE
$175B
| $7.17M | 0.11% |
57,103
-12,122
| -18% | -$1.5M |
|
293
Allegion
ALLE
$13.8B
| $7.1M | 0.1% |
82,116
+1,393
| +2% | +$113K |
|
|
AET
294
DELISTED
Aetna Inc
AET
| $7.05M | 0.1% |
44,344
+15,719
| +55% | +$2.46M |
|
|
GMS
295
DELISTED
GMS Inc
GMS
| $7.04M | 0.1% |
198,889
+175,128
| +737% | +$5.42M |
|
|
BLD
296
DELISTED
TopBuild
BLD
| $7.03M | 0.1% |
107,920
-96,731
| -47% | -$5.47M |
|
297
Deluxe
DLX
$1.08B
| $6.96M | 0.1% |
95,433
+69,533
| +268% | +$4.85M |
|
298
Hasbro
HAS
$13.2B
| $6.92M | 0.1% |
70,843
-159,940
| -69% | -$16.2M |
|
299
UnitedHealth
UNH
$350B
| $6.9M | 0.1% |
35,237
-1,099
| -3% | -$212K |
|
|
TVPT
300
DELISTED
Travelport Worldwide Limited
TVPT
| $6.89M | 0.1% |
439,123
+3,693
| +0.8% | +$54K |
|
Similar funds
Joel Greenblatt's Q3 2017 Portfolio in Review
As of Q3 2017, Joel Greenblatt held 1,127 positions worth $6.81B, down 4.5% from $7.13B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Joel Greenblatt withdrew a net $570M in Q3 2017, closing 230 positions and reducing 398 holdings. Its most notable exit was United Rentals, an estimated $42.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Micron Technology worth $58.1M.
- Joel Greenblatt's largest Q3 2017 buy was Micron Technology: 1,477,788 shares worth $58.1M.
- Joel Greenblatt added most to Altria Group in Q3 2017, an estimated $36.7M increase.
- Joel Greenblatt's biggest Q3 2017 reduction was Emerson Electric, cutting an estimated $51.9M.
- Joel Greenblatt fully exited United Rentals in Q3 2017, selling an estimated $42.6M.
- Joel Greenblatt's ten largest holdings make up 8.7% of its $6.81B portfolio in Q3 2017.
- Joel Greenblatt opened 178 new positions and closed 230 in Q3 2017.
- Joel Greenblatt's portfolio value fell 4.5% quarter-over-quarter to $6.81B.
Based on Gotham Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.