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 |
BILL Holdings
BILL
|
+$41.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$35.9M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$35.8M |
| 4 |
PayPal
PYPL
|
+$17.4M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$14M |
| 2 |
Lam Research
LRCX
|
+$12.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$9.54M |
| 4 |
VMW
VMware, Inc
VMW
|
+$9.3M |
| 5 |
Valvoline
VVV
|
+$9.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.4% |
| 2 | Industrials | 12.68% |
| 3 | Consumer Discretionary | 10.55% |
| 4 | Healthcare | 8.73% |
| 5 | Financials | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JNPR
301
DELISTED
Juniper Networks
JNPR
| $4.94M | 0.09% |
167,481
+59,810
| +56% | +$1.64M |
|
302
DexCom
DXCM
$34.8B
| $4.94M | 0.09% |
39,772
-40,027
| -50% | -$4.09M |
|
|
EXAS
303
DELISTED
Exact Sciences
EXAS
| $4.92M | 0.09% |
66,459
-27,822
| -30% | -$1.82M |
|
304
NVR
NVR
$16.9B
| $4.9M | 0.09% |
700
-58
| -8% | -$358K |
|
305
Colgate-Palmolive
CL
$72.6B
| $4.83M | 0.09% |
60,533
-9,783
| -14% | -$736K |
|
306
Micron Technology
MU
$1.09T
| $4.8M | 0.09% |
56,239
+29,366
| +109% | +$2.18M |
|
307
Idexx Laboratories
IDXX
$43.9B
| $4.79M | 0.09% |
8,628
-8,799
| -50% | -$4.13M |
|
308
Amcor
AMCR
$22.5B
| $4.77M | 0.09% |
98,946
+14,131
| +17% | +$649K |
|
309
Roper Technologies
ROP
$40.7B
| $4.76M | 0.09% |
8,726
-719
| -8% | -$370K |
|
310
Bank of America
BAC
$431B
| $4.69M | 0.09% |
139,404
+10,917
| +8% | +$318K |
|
311
Sun Communities
SUI
$14.8B
| $4.69M | 0.09% |
35,082
-2,232
| -6% | -$269K |
|
312
SBA Communications
SBAC
$19.4B
| $4.67M | 0.09% |
18,393
-7,266
| -28% | -$1.63M |
|
313
LKQ Corp
LKQ
$6.52B
| $4.64M | 0.09% |
97,150
-74,224
| -43% | -$3.46M |
|
314
Clearway Energy Class C
CWEN
$6.68B
| $4.64M | 0.09% |
169,099
+127,146
| +303% | +$2.97M |
|
315
AGCO
AGCO
$7.48B
| $4.62M | 0.09% |
38,026
+26,163
| +221% | +$3.06M |
|
316
Wyndham Hotels & Resorts
WH
$5.54B
| $4.61M | 0.09% |
57,308
-15,065
| -21% | -$1.13M |
|
317
Vertiv
VRT
$101B
| $4.59M | 0.09% |
95,617
-65,863
| -41% | -$2.8M |
|
318
AutoZone
AZO
$48.3B
| $4.58M | 0.09% |
1,772
-62
| -3% | -$161K |
|
319
American Tower
AMT
$81.9B
| $4.56M | 0.08% |
21,139
-1,229
| -5% | -$232K |
|
320
Donaldson
DCI
$10.8B
| $4.56M | 0.08% |
69,761
-30,393
| -30% | -$1.85M |
|
321
American Airlines Group
AAL
$9.15B
| $4.53M | 0.08% |
329,989
-165,996
| -33% | -$2.08M |
|
322
Globant
GLOB
$1.71B
| $4.53M | 0.08% |
19,047
-2,019
| -10% | -$412K |
|
323
Fastenal
FAST
$58.8B
| $4.53M | 0.08% |
139,846
-32,940
| -19% | -$993K |
|
324
Arthur J. Gallagher & Co
AJG
$67.6B
| $4.52M | 0.08% |
20,108
-1,307
| -6% | -$310K |
|
|
GAP
325
The Gap Inc
GAP
$7.13B
| $4.51M | 0.08% |
215,879
-91,505
| -30% | -$1.48M |
|
Similar funds
Joel Greenblatt's Q4 2023 Portfolio in Review
As of Q4 2023, Joel Greenblatt held 1,470 positions worth $5.39B, up 11% from $4.84B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Joel Greenblatt's Q4 2023 filing shows 157 new, 492 increased, 650 reduced and 145 closed positions. Its largest new stake was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M. The largest sale was Pfizer, an estimated $14M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q4 2023 buy was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M.
- Joel Greenblatt added most to BILL Holdings in Q4 2023, an estimated $41.5M increase.
- Joel Greenblatt's biggest Q4 2023 reduction was Pfizer, cutting an estimated $14M.
- Joel Greenblatt fully exited VMware, Inc in Q4 2023, selling an estimated $9.3M.
- Joel Greenblatt's ten largest holdings make up 24% of its $5.39B portfolio in Q4 2023.
- Joel Greenblatt opened 157 new positions and closed 145 in Q4 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $5.39B.
Based on Gotham Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.