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 |
Intuit
INTU
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Ryder
R
$9.58B
| $6.93M | 0.1% |
96,341
-177,497
| -65% | -$12.3M |
|
302
Elevance Health
ELV
$86.9B
| $6.87M | 0.1% |
36,505
+3,107
| +9% | +$558K |
|
303
TE Connectivity
TEL
$58.9B
| $6.82M | 0.1% |
86,616
-70,919
| -45% | -$5.43M |
|
304
Brown-Forman Class B
BF.B
$13.1B
| $6.79M | 0.1% |
218,403
-117,970
| -35% | -$3.7M |
|
305
UnitedHealth
UNH
$350B
| $6.74M | 0.09% |
36,336
-13,479
| -27% | -$2.36M |
|
306
Eagle Materials
EXP
$6.35B
| $6.73M | 0.09% |
72,838
-253,422
| -78% | -$24.3M |
|
307
Myriad Genetics
MYGN
$306M
| $6.69M | 0.09% |
258,812
-90,450
| -26% | -$1.92M |
|
|
WCC
308
WESCO International
WCC
$17B
| $6.68M | 0.09% |
116,563
+54,017
| +86% | +$3.35M |
|
|
TSS
309
DELISTED
Total System Services, Inc.
TSS
| $6.67M | 0.09% |
114,449
+101,755
| +802% | +$5.82M |
|
310
Arista Networks
ANET
$238B
| $6.64M | 0.09% |
+709,440
| New | +$6.42M |
|
311
Amkor Technology
AMKR
$12.5B
| $6.59M | 0.09% |
674,787
-331,574
| -33% | -$3.75M |
|
312
Allegion
ALLE
$13.8B
| $6.55M | 0.09% |
80,723
-45,535
| -36% | -$3.57M |
|
313
T-Mobile US
TMUS
$196B
| $6.51M | 0.09% |
107,420
+102,331
| +2,011% | +$6.67M |
|
314
Flowserve
FLS
$10.1B
| $6.5M | 0.09% |
140,016
+56,377
| +67% | +$2.72M |
|
315
Chemed
CHE
$7.07B
| $6.48M | 0.09% |
31,681
+4,169
| +15% | +$830K |
|
|
EXAS
316
DELISTED
Exact Sciences
EXAS
| $6.44M | 0.09% |
182,085
+126,037
| +225% | +$3.89M |
|
317
Berkshire Hathaway Class B
BRK.B
$1.06T
| $6.44M | 0.09% |
38,015
+3,613
| +11% | +$601K |
|
318
Silgan Holdings
SLGN
$4.48B
| $6.32M | 0.09% |
198,755
-169,375
| -46% | -$5.22M |
|
|
GTLS
319
DELISTED
Chart Industries
GTLS
| $6.22M | 0.09% |
179,028
-183,543
| -51% | -$6.4M |
|
|
MIK
320
DELISTED
Michaels Stores, Inc
MIK
| $6.18M | 0.09% |
333,918
+154,524
| +86% | +$3.22M |
|
|
PRAH
321
DELISTED
PRA Health Sciences, Inc.
PRAH
| $6.08M | 0.09% |
81,062
-63,941
| -44% | -$4.43M |
|
322
Dorman Products
DORM
$3.92B
| $6.05M | 0.08% |
73,098
+56,238
| +334% | +$4.59M |
|
|
HI
323
DELISTED
Hillenbrand
HI
| $6.03M | 0.08% |
166,923
+129,065
| +341% | +$4.7M |
|
324
Pitney Bowes
PBI
$2.26B
| $6.01M | 0.08% |
398,026
+132,684
| +50% | +$1.94M |
|
|
TVPT
325
DELISTED
Travelport Worldwide Limited
TVPT
| $5.99M | 0.08% |
435,430
+246,044
| +130% | +$3.27M |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.