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 |
Linde
LIN
|
+$50.5M |
| 2 |
Comcast
CMCSA
|
+$31.1M |
| 3 |
Lowe's Companies
LOW
|
+$26.3M |
| 4 |
Occidental Petroleum
OXY
|
+$24.2M |
| 5 |
Ford
F
|
+$24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$44.3M |
| 2 |
Phillips 66
PSX
|
+$34M |
| 3 |
Honeywell
HON
|
+$28.9M |
| 4 |
Intuit
INTU
|
+$28.1M |
| 5 |
RTN
Raytheon Company
RTN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.74% |
| 2 | Industrials | 16.83% |
| 3 | Healthcare | 15.35% |
| 4 | Consumer Discretionary | 11.7% |
| 5 | Consumer Staples | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
DXC Technology
DXC
$1.73B
| $5.15M | 0.09% |
174,544
-239,715
| -58% | -$10.2M |
|
277
Vistra
VST
$45.7B
| $5.12M | 0.09% |
+191,441
| New | +$4.55M |
|
|
SEE
278
DELISTED
Sealed Air
SEE
| $5.11M | 0.09% |
123,110
-18,549
| -13% | -$785K |
|
279
Antero Resources
AR
$11.7B
| $5.1M | 0.09% |
1,688,918
+606,810
| +56% | +$2.47M |
|
280
Steris
STE
$23.2B
| $5.09M | 0.09% |
35,239
-31,418
| -47% | -$4.69M |
|
281
Globant
GLOB
$1.71B
| $5.07M | 0.09% |
55,395
-11,912
| -18% | -$1.18M |
|
282
CMS Energy
CMS
$21.4B
| $4.97M | 0.09% |
+77,685
| New | +$4.72M |
|
|
DBD
283
DELISTED
Diebold Nixdorf Incorporated
DBD
| $4.95M | 0.09% |
441,727
+65,572
| +17% | +$777K |
|
284
Bath & Body Works
BBWI
$3.92B
| $4.94M | 0.09% |
312,161
-271,386
| -47% | -$4.79M |
|
285
RH
RH
$2.9B
| $4.92M | 0.09% |
28,817
-33,753
| -54% | -$4.81M |
|
286
Northrop Grumman
NOC
$78.3B
| $4.87M | 0.09% |
+12,992
| New | +$4.6M |
|
287
Realty Income
O
$59.2B
| $4.86M | 0.09% |
65,353
-27,375
| -30% | -$1.92M |
|
288
Patterson-UTI
PTEN
$4.71B
| $4.84M | 0.09% |
565,988
-134,625
| -19% | -$1.32M |
|
289
Franklin Templeton
BEN
$17.4B
| $4.8M | 0.08% |
166,347
+31,282
| +23% | +$956K |
|
290
General Motors
GM
$77.2B
| $4.75M | 0.08% |
126,675
-87,974
| -41% | -$3.38M |
|
291
Aflac
AFL
$58.2B
| $4.74M | 0.08% |
90,626
+54,613
| +152% | +$2.88M |
|
|
EA
292
DELISTED
Electronic Arts
EA
| $4.72M | 0.08% |
48,285
+38,457
| +391% | +$3.61M |
|
|
WRK
293
DELISTED
WestRock Company
WRK
| $4.7M | 0.08% |
+128,909
| New | +$4.6M |
|
294
Frontdoor
FTDR
$5.69B
| $4.69M | 0.08% |
96,645
+10,450
| +12% | +$505K |
|
295
Avnet
AVT
$7.27B
| $4.61M | 0.08% |
103,693
-73,119
| -41% | -$3.16M |
|
296
HUB Group
HUBG
$2.49B
| $4.55M | 0.08% |
195,898
+45,906
| +31% | +$974K |
|
|
VSM
297
DELISTED
Versum Materials, Inc.
VSM
| $4.55M | 0.08% |
85,968
-24,212
| -22% | -$1.26M |
|
|
JNPR
298
DELISTED
Juniper Networks
JNPR
| $4.53M | 0.08% |
183,034
-160,709
| -47% | -$4.04M |
|
299
Cheesecake Factory
CAKE
$5.64B
| $4.53M | 0.08% |
108,560
+29,279
| +37% | +$1.2M |
|
|
VRNT
300
DELISTED
Verint Systems
VRNT
| $4.5M | 0.08% |
206,510
-75,444
| -27% | -$2.01M |
|
Similar funds
Joel Greenblatt's Q3 2019 Portfolio in Review
As of Q3 2019, Joel Greenblatt held 1,300 positions worth $5.66B, down 9.7% from $6.27B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $593M in Q3 2019, closing 225 positions and reducing 527 holdings. Its most notable exit was Phillips 66, an estimated $34M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Marathon Petroleum worth $23.5M.
- Joel Greenblatt's largest Q3 2019 buy was Marathon Petroleum: 387,491 shares worth $23.5M.
- Joel Greenblatt added most to Linde in Q3 2019, an estimated $50.5M increase.
- Joel Greenblatt's biggest Q3 2019 reduction was Eli Lilly, cutting an estimated $44.3M.
- Joel Greenblatt fully exited Phillips 66 in Q3 2019, selling an estimated $34M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.66B portfolio in Q3 2019.
- Joel Greenblatt opened 185 new positions and closed 225 in Q3 2019.
- Joel Greenblatt's portfolio value fell 9.7% quarter-over-quarter to $5.66B.
Based on Gotham Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.