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 |
PayPal
PYPL
|
+$60.9M |
| 2 |
RTN
Raytheon Company
RTN
|
+$48.5M |
| 3 |
IBM
IBM
|
+$48.3M |
| 4 |
Lockheed Martin
LMT
|
+$48.1M |
| 5 |
Constellation Brands
STZ
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$64M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$48.3M |
| 3 |
Boeing
BA
|
+$41.8M |
| 4 |
Automatic Data Processing
ADP
|
+$34.7M |
| 5 |
Home Depot
HD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.44% |
| 2 | Technology | 18.51% |
| 3 | Consumer Discretionary | 15.16% |
| 4 | Healthcare | 13.95% |
| 5 | Consumer Staples | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RHT
326
DELISTED
Red Hat Inc
RHT
| $5.13M | 0.08% |
29,186
-18,130
| -38% | -$2.87M |
|
327
Owens Corning
OC
$11.7B
| $5.12M | 0.08% |
+116,473
| New | +$5.64M |
|
328
Innoviva
INVA
$1.52B
| $5.12M | 0.08% |
293,253
-85,209
| -23% | -$1.38M |
|
329
Leggett & Platt
LEG
$1.29B
| $5.11M | 0.08% |
+142,573
| New | +$5.42M |
|
|
VRS
330
DELISTED
Verso Corporation
VRS
| $5.1M | 0.08% |
227,728
+82,423
| +57% | +$2.23M |
|
331
Weyerhaeuser
WY
$17.6B
| $5M | 0.08% |
228,741
+134,199
| +142% | +$3.57M |
|
332
Nucor
NUE
$55.3B
| $4.97M | 0.08% |
95,943
+84,841
| +764% | +$5.02M |
|
|
MASI
333
DELISTED
Masimo
MASI
| $4.96M | 0.08% |
46,216
+35,977
| +351% | +$4.01M |
|
334
Zoetis
ZTS
$32.1B
| $4.95M | 0.08% |
57,895
-77,776
| -57% | -$7M |
|
335
PVH
PVH
$3.62B
| $4.94M | 0.08% |
53,142
-16,562
| -24% | -$1.9M |
|
|
BRSL
336
Brightstar Lottery PLC
BRSL
$2.21B
| $4.93M | 0.08% |
+336,682
| New | +$5.57M |
|
337
Franklin Templeton
BEN
$17.4B
| $4.9M | 0.08% |
165,336
+71,941
| +77% | +$2.21M |
|
338
Jazz Pharmaceuticals
JAZZ
$16.5B
| $4.9M | 0.08% |
39,553
-1,771
| -4% | -$263K |
|
|
VG
339
DELISTED
Vonage Holdings Corporation
VG
| $4.9M | 0.08% |
561,480
-62,294
| -10% | -$714K |
|
|
VSM
340
DELISTED
Versum Materials, Inc.
VSM
| $4.89M | 0.08% |
176,564
+170,514
| +2,818% | +$5.39M |
|
341
Globant
GLOB
$1.71B
| $4.85M | 0.08% |
86,143
+49,309
| +134% | +$2.64M |
|
342
Integra LifeSciences
IART
$1.3B
| $4.84M | 0.08% |
+107,219
| New | +$5.88M |
|
343
Cenovus Energy
CVE
$60.7B
| $4.83M | 0.08% |
+686,495
| New | +$5.65M |
|
344
Freeport-McMoran
FCX
$110B
| $4.8M | 0.07% |
465,776
+11,911
| +3% | +$139K |
|
|
CATM
345
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $4.79M | 0.07% |
184,277
-15,693
| -8% | -$475K |
|
346
Itron
ITRI
$4.38B
| $4.79M | 0.07% |
+101,229
| New | +$5.35M |
|
347
Best Buy
BBY
$18.1B
| $4.73M | 0.07% |
89,391
-41,878
| -32% | -$2.74M |
|
|
ANSS
348
DELISTED
Ansys
ANSS
| $4.69M | 0.07% |
32,793
+6,577
| +25% | +$1.02M |
|
349
Elevance Health
ELV
$86.9B
| $4.68M | 0.07% |
17,804
-45,795
| -72% | -$12.6M |
|
350
Enbridge
ENB
$110B
| $4.64M | 0.07% |
149,340
+142,449
| +2,067% | +$4.58M |
|
Similar funds
Joel Greenblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Joel Greenblatt held 1,186 positions worth $6.44B, down 11% from $7.24B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Joel Greenblatt deployed $382M of net new capital in Q4 2018, opening 269 new positions and adding to 355 existing holdings. Its largest new stake was PayPal: 731,138 shares worth $61.5M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Twenty-First Century Fox, Inc. Class A, an estimated $48.3M trimmed.
- Joel Greenblatt's largest Q4 2018 buy was PayPal: 731,138 shares worth $61.5M.
- Joel Greenblatt added most to Raytheon Company in Q4 2018, an estimated $48.5M increase.
- Joel Greenblatt's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $48.3M.
- Joel Greenblatt fully exited Intuit in Q4 2018, selling an estimated $64M.
- Joel Greenblatt's ten largest holdings make up 9.5% of its $6.44B portfolio in Q4 2018.
- Joel Greenblatt opened 269 new positions and closed 221 in Q4 2018.
- Joel Greenblatt's portfolio value fell 11% quarter-over-quarter to $6.44B.
Based on Gotham Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.