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 |
OA
Orbital ATK, Inc.
OA
|
+$86.4M |
| 2 |
Terex
TEX
|
+$71M |
| 3 |
Teradyne
TER
|
+$66.2M |
| 4 |
Intel
INTC
|
+$62.7M |
| 5 |
Goodyear
GT
|
+$62.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$74.5M |
| 2 |
TEN
Tenneco Inc. Class A Voting Common Stock
TEN
|
+$60.1M |
| 3 |
Verizon
VZ
|
+$59.7M |
| 4 |
Aecom
ACM
|
+$58.4M |
| 5 |
IRF
INTL RECTIFIER CORP
IRF
|
+$58.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.76% |
| 2 | Technology | 20.33% |
| 3 | Consumer Discretionary | 18.91% |
| 4 | Consumer Staples | 11.65% |
| 5 | Healthcare | 11.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WFC.WS
301
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $12.7M | 0.1% |
620,000
| – | – |
|
|
HES
302
DELISTED
Hess
HES
| $12.4M | 0.09% |
+182,484
| New | +$13M |
|
303
Burlington
BURL
$20.6B
| $12.4M | 0.09% |
208,253
-82,830
| -28% | -$4.44M |
|
304
TechnipFMC
FTI
$30.4B
| $12.3M | 0.09% |
445,715
+105,417
| +31% | +$3.09M |
|
|
CHS
305
DELISTED
Chicos FAS, Inc.
CHS
| $12.3M | 0.09% |
693,859
+341,575
| +97% | +$5.94M |
|
306
O-I Glass
OI
$1.1B
| $12.2M | 0.09% |
523,295
-79,052
| -13% | -$1.94M |
|
307
Lam Research
LRCX
$393B
| $12.2M | 0.09% |
1,734,230
+1,678,120
| +2,991% | +$13.3M |
|
|
HI
308
DELISTED
Hillenbrand
HI
| $12.1M | 0.09% |
392,076
-155,172
| -28% | -$4.88M |
|
309
OSI Systems
OSIS
$3.41B
| $12M | 0.09% |
161,894
-201,237
| -55% | -$14.4M |
|
310
lululemon athletica
LULU
$13.7B
| $12M | 0.09% |
187,688
-12,961
| -6% | -$831K |
|
311
Unifirst Corp
UNF
$5.25B
| $12M | 0.09% |
102,046
-34,880
| -25% | -$4.12M |
|
|
GMCR
312
DELISTED
KEURIG GREEN MTN INC
GMCR
| $11.9M | 0.09% |
106,825
-40
| -0% | -$5K |
|
313
NETGEAR
NTGR
$571M
| $11.9M | 0.09% |
362,891
+308,321
| +565% | +$10.2M |
|
314
Valero Energy
VLO
$100B
| $11.9M | 0.09% |
186,994
-161,029
| -46% | -$8.99M |
|
315
Aptiv
APTV
$10B
| $11.9M | 0.09% |
149,134
-220,705
| -60% | -$16.6M |
|
316
AZZ Inc
AZZ
$4.25B
| $11.9M | 0.09% |
254,553
+28,176
| +12% | +$1.24M |
|
317
Itron
ITRI
$4.38B
| $11.8M | 0.09% |
321,847
-155,902
| -33% | -$5.81M |
|
318
Centene
CNC
$32.1B
| $11.6M | 0.09% |
328,196
-44,448
| -12% | -$1.34M |
|
319
Brunswick
BC
$5.24B
| $11.5M | 0.09% |
223,661
+178,797
| +399% | +$9.49M |
|
320
Anika Therapeutics
ANIK
$291M
| $11.5M | 0.09% |
278,578
-68,609
| -20% | -$2.77M |
|
|
ANDV
321
DELISTED
Andeavor
ANDV
| $11.5M | 0.09% |
125,610
-103,403
| -45% | -$8.67M |
|
322
Oil States International
OIS
$522M
| $11.4M | 0.09% |
285,837
-86,536
| -23% | -$3.66M |
|
323
Avient
AVNT
$4.1B
| $11.3M | 0.09% |
301,949
-113,910
| -27% | -$4.32M |
|
|
CA
324
DELISTED
CA, Inc.
CA
| $11M | 0.08% |
338,075
-250,565
| -43% | -$7.94M |
|
|
SNI
325
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $11M | 0.08% |
159,932
+56,028
| +54% | +$4.07M |
|
Similar funds
Joel Greenblatt's Q1 2015 Portfolio in Review
As of Q1 2015, Joel Greenblatt held 1,136 positions worth $13.1B, up 6.1% from $12.4B the previous quarter. Its ten largest holdings account for 7% of the portfolio.
Joel Greenblatt deployed $613M of net new capital in Q1 2015, opening 200 new positions and adding to 308 existing holdings. Its largest new stake was Orbital ATK, Inc.: 913,810 shares worth $70M.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ManpowerGroup, an estimated $74.5M trimmed.
- Joel Greenblatt's largest Q1 2015 buy was Orbital ATK, Inc.: 913,810 shares worth $70M.
- Joel Greenblatt added most to Terex in Q1 2015, an estimated $71M increase.
- Joel Greenblatt's biggest Q1 2015 reduction was ManpowerGroup, cutting an estimated $74.5M.
- Joel Greenblatt fully exited Aecom in Q1 2015, selling an estimated $58.4M.
- Joel Greenblatt's ten largest holdings make up 7% of its $13.1B portfolio in Q1 2015.
- Joel Greenblatt opened 200 new positions and closed 244 in Q1 2015.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $13.1B.
Based on Gotham Asset Management's 13F filing for Q1 2015, filed 15 May 2015.