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 |
Gotham 1000 Value ETF
GVLU
|
+$52.9M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$45.1M |
| 3 |
Vanguard Total Bond Market
BND
|
+$18.9M |
| 4 |
DuPont de Nemours
DD
|
+$14M |
| 5 |
GE HealthCare
GEHC
|
+$8.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$18.4M |
| 2 |
Accenture
ACN
|
+$12.7M |
| 3 |
Qualcomm
QCOM
|
+$11.3M |
| 4 |
Humana
HUM
|
+$10.1M |
| 5 |
Salesforce
CRM
|
+$8.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.92% |
| 2 | Industrials | 12.01% |
| 3 | Consumer Discretionary | 10.47% |
| 4 | Healthcare | 10.35% |
| 5 | Financials | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Arch Capital
ACGL
$33.9B
| $3.32M | 0.08% |
48,940
-3,305
| -6% | -$217K |
|
327
Lattice Semiconductor
LSCC
$16.7B
| $3.31M | 0.08% |
34,631
-1,274
| -4% | -$105K |
|
328
NCR Voyix
VYX
$1.09B
| $3.3M | 0.08% |
228,074
+62,497
| +38% | +$960K |
|
329
Timken Company
TKR
$8.67B
| $3.29M | 0.08% |
40,237
+20,124
| +100% | +$1.63M |
|
|
CNR
330
Core Natural Resources Inc
CNR
$4.72B
| $3.28M | 0.08% |
56,328
+18,970
| +51% | +$1.08M |
|
331
Otis Worldwide
OTIS
$27.2B
| $3.28M | 0.08% |
38,889
+9,968
| +34% | +$825K |
|
332
Palo Alto Networks
PANW
$292B
| $3.26M | 0.08% |
32,636
+18,546
| +132% | +$1.57M |
|
333
Crane NXT
CXT
$2.89B
| $3.26M | 0.08% |
82,624
+50,748
| +159% | +$2.01M |
|
334
McCormick & Company Non-Voting
MKC
$14.9B
| $3.25M | 0.08% |
39,065
+20,987
| +116% | +$1.6M |
|
335
Regeneron Pharmaceuticals
REGN
$85.9B
| $3.25M | 0.08% |
3,956
-228
| -5% | -$172K |
|
336
Charles River Laboratories
CRL
$14.1B
| $3.24M | 0.08% |
16,065
+3,274
| +26% | +$742K |
|
337
WEX
WEX
$6.81B
| $3.24M | 0.08% |
17,626
-6,766
| -28% | -$1.23M |
|
338
Lennox International
LII
$13.9B
| $3.24M | 0.08% |
12,885
+7,511
| +140% | +$1.9M |
|
339
Loews
L
$22.5B
| $3.24M | 0.08% |
55,764
+24,112
| +76% | +$1.43M |
|
340
Evercore
EVR
$11.2B
| $3.22M | 0.08% |
27,944
+1,042
| +4% | +$130K |
|
341
Kroger
KR
$35.5B
| $3.21M | 0.08% |
65,045
-6,552
| -9% | -$300K |
|
342
Wyndham Hotels & Resorts
WH
$5.54B
| $3.2M | 0.08% |
47,231
+16,767
| +55% | +$1.24M |
|
343
Molson Coors Class B
TAP
$8.01B
| $3.19M | 0.08% |
61,641
+35,041
| +132% | +$1.81M |
|
|
WBA
344
DELISTED
Walgreens Boots Alliance
WBA
| $3.18M | 0.08% |
91,888
+5,620
| +7% | +$199K |
|
345
TransUnion
TRU
$16.2B
| $3.17M | 0.08% |
51,035
+22,602
| +79% | +$1.48M |
|
|
VRTV
346
DELISTED
VERITIV CORPORATION
VRTV
| $3.16M | 0.08% |
23,417
+2,423
| +12% | +$310K |
|
|
EXE
347
Expand Energy Corp
EXE
$22.2B
| $3.16M | 0.08% |
41,522
+29,144
| +235% | +$2.4M |
|
348
Match Group
MTCH
$9.38B
| $3.16M | 0.08% |
82,222
-96,686
| -54% | -$4.22M |
|
349
Digital Realty Trust
DLR
$70.5B
| $3.14M | 0.08% |
31,913
+5,521
| +21% | +$582K |
|
350
Commercial Metals
CMC
$7.34B
| $3.13M | 0.08% |
+63,911
| New | +$3.31M |
|
Similar funds
Joel Greenblatt's Q1 2023 Portfolio in Review
As of Q1 2023, Joel Greenblatt held 1,425 positions worth $4.13B, up 16% from $3.55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $368M of net new capital in Q1 2023, opening 223 new positions and adding to 632 existing holdings. Its largest new stake was Vanguard Total Bond Market: 258,650 shares worth $19.1M.
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.
On the sell side, the largest reduction was PayPal, an estimated $18.4M trimmed.
- Joel Greenblatt's largest Q1 2023 buy was Vanguard Total Bond Market: 258,650 shares worth $19.1M.
- Joel Greenblatt added most to Gotham 1000 Value ETF in Q1 2023, an estimated $52.9M increase.
- Joel Greenblatt's biggest Q1 2023 reduction was PayPal, cutting an estimated $18.4M.
- Joel Greenblatt fully exited Air Products & Chemicals in Q1 2023, selling an estimated $5.27M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.13B portfolio in Q1 2023.
- Joel Greenblatt opened 223 new positions and closed 116 in Q1 2023.
- Joel Greenblatt's portfolio value rose 16% quarter-over-quarter to $4.13B.
Based on Gotham Asset Management's 13F filing for Q1 2023, filed 15 May 2023.