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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BHI
301
DELISTED
Baker Hughes
BHI
| $9.79M | 0.1% |
188,136
+56,943
| +43% | +$3.18M |
|
302
Penske Automotive Group
PAG
$14.2B
| $9.77M | 0.1% |
201,677
+66,426
| +49% | +$3.4M |
|
|
AAWW
303
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $9.76M | 0.1% |
282,323
-19,121
| -6% | -$852K |
|
304
Pricesmart
PSMT
$5.33B
| $9.74M | 0.1% |
+125,996
| New | +$11.3M |
|
305
Plexus
PLXS
$6.4B
| $9.73M | 0.1% |
252,273
+241,248
| +2,188% | +$9.26M |
|
306
JetBlue
JBLU
$1.85B
| $9.7M | 0.09% |
376,424
-212,674
| -36% | -$5.01M |
|
307
Blackrock
BLK
$179B
| $9.6M | 0.09% |
32,282
+16,080
| +99% | +$5.19M |
|
|
CCMP
308
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $9.55M | 0.09% |
246,574
-71,202
| -22% | -$3.11M |
|
|
AET
309
DELISTED
Aetna Inc
AET
| $9.45M | 0.09% |
86,363
+20,782
| +32% | +$2.4M |
|
310
Helmerich & Payne
HP
$4.35B
| $9.44M | 0.09% |
+199,708
| New | +$11.3M |
|
311
Cato Corp
CATO
$58.3M
| $9.36M | 0.09% |
275,123
-94,545
| -26% | -$3.44M |
|
|
CSGS
312
DELISTED
CSG Systems International
CSGS
| $9.28M | 0.09% |
301,347
-15,267
| -5% | -$473K |
|
313
Cigna
CI
$73.3B
| $9.28M | 0.09% |
68,734
+21,040
| +44% | +$3.05M |
|
314
Allegiant Air
ALGT
$2.24B
| $9.25M | 0.09% |
+42,785
| New | +$8.98M |
|
315
Packaging Corp of America
PKG
$22.5B
| $9.19M | 0.09% |
152,751
+147,476
| +2,796% | +$9.85M |
|
|
NE
316
DELISTED
Noble Corporation
NE
| $9.17M | 0.09% |
840,351
+400,702
| +91% | +$5.04M |
|
317
Invesco
IVZ
$14.1B
| $9.15M | 0.09% |
292,869
+95,428
| +48% | +$3.4M |
|
318
Centene
CNC
$32.1B
| $9.13M | 0.09% |
336,916
+263,540
| +359% | +$8.82M |
|
|
BGG
319
DELISTED
Briggs & Stratton Corp.
BGG
| $9.13M | 0.09% |
+472,706
| New | +$9.06M |
|
320
Allison Transmission
ALSN
$11B
| $8.99M | 0.09% |
336,760
-1,699,463
| -83% | -$48.7M |
|
|
INVX
321
Innovex International
INVX
$2.05B
| $8.99M | 0.09% |
154,376
-6,251
| -4% | -$398K |
|
322
Pitney Bowes
PBI
$2.26B
| $8.97M | 0.09% |
451,721
-2,904,663
| -87% | -$59.6M |
|
|
JOY
323
DELISTED
Joy Global Inc
JOY
| $8.96M | 0.09% |
+600,090
| New | +$14.6M |
|
324
OneSpan
OSPN
$580M
| $8.93M | 0.09% |
524,150
+37,289
| +8% | +$766K |
|
|
ANDV
325
DELISTED
Andeavor
ANDV
| $8.89M | 0.09% |
91,469
-34,121
| -27% | -$3.31M |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.