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 | |
|---|---|---|---|---|---|---|
326
Landstar System
LSTR
$6.33B
| $5.98M | 0.08% |
+69,869
| New | +$5.92M |
|
327
Church & Dwight Co
CHD
$23.4B
| $5.9M | 0.08% |
113,764
-176,547
| -61% | -$9.02M |
|
328
Albemarle
ALB
$16.9B
| $5.84M | 0.08% |
55,377
-144,392
| -72% | -$15.7M |
|
329
Fossil Group
FOSL
$332M
| $5.78M | 0.08% |
558,082
+202,576
| +57% | +$2.74M |
|
|
TSE
330
DELISTED
Trinseo
TSE
| $5.77M | 0.08% |
84,031
-115,133
| -58% | -$7.53M |
|
331
Thor Industries
THO
$4.14B
| $5.76M | 0.08% |
55,131
+33,707
| +157% | +$3.26M |
|
332
Northrop Grumman
NOC
$78.3B
| $5.75M | 0.08% |
22,413
+20,039
| +844% | +$5.01M |
|
333
Valero Energy
VLO
$100B
| $5.75M | 0.08% |
85,250
-233,411
| -73% | -$15.1M |
|
|
FMSA
334
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $5.69M | 0.08% |
+1,458,859
| New | +$7.56M |
|
335
Illinois Tool Works
ITW
$80.4B
| $5.69M | 0.08% |
39,716
-90,721
| -70% | -$12.7M |
|
|
EGOV
336
DELISTED
NIC Inc
EGOV
| $5.67M | 0.08% |
299,205
+5,356
| +2% | +$109K |
|
337
Cooper-Standard Automotive
CPS
$498M
| $5.66M | 0.08% |
56,088
-72,594
| -56% | -$7.77M |
|
|
AXE
338
DELISTED
Anixter International Inc
AXE
| $5.64M | 0.08% |
72,107
-80,416
| -53% | -$6.28M |
|
|
AVTA
339
DELISTED
Avantax, Inc. Common Stock
AVTA
| $5.62M | 0.08% |
264,967
+239,984
| +961% | +$4.75M |
|
|
SNCR
340
DELISTED
Synchronoss Technologies
SNCR
| $5.44M | 0.08% |
36,745
+19,327
| +111% | +$2.88M |
|
341
TTM Technologies
TTMI
$11.6B
| $5.44M | 0.08% |
313,242
-164,046
| -34% | -$2.75M |
|
342
Heartland Express
HTLD
$993M
| $5.41M | 0.08% |
259,872
-101,152
| -28% | -$2.02M |
|
343
ManpowerGroup
MAN
$2.86B
| $5.4M | 0.08% |
48,404
-133,385
| -73% | -$13.8M |
|
344
Steel Dynamics
STLD
$32.8B
| $5.34M | 0.07% |
+149,080
| New | +$5.16M |
|
|
ECHO
345
EchoStar
ECHO
$25.2B
| $5.29M | 0.07% |
+107,433
| New | +$5.12M |
|
346
Kinder Morgan
KMI
$69B
| $5.22M | 0.07% |
272,659
-309,198
| -53% | -$6.15M |
|
|
HSNI
347
DELISTED
HSN, Inc.
HSNI
| $5.17M | 0.07% |
162,061
-139,694
| -46% | -$4.83M |
|
348
Dentsply Sirona
XRAY
$2.18B
| $5.11M | 0.07% |
+78,828
| New | +$4.98M |
|
|
USG
349
DELISTED
Usg
USG
| $5.11M | 0.07% |
176,021
-731,407
| -81% | -$21.8M |
|
350
Darden Restaurants
DRI
$25.2B
| $5.1M | 0.07% |
56,406
-31,074
| -36% | -$2.72M |
|
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.