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 |
OA
Orbital ATK, Inc.
OA
|
+$86.4M |
| 2 |
Terex
TEX
|
+$71M |
| 3 |
Teradyne
TER
|
+$66.2M |
| 4 |
Intel
INTC
|
+$62.7M |
| 5 |
Goodyear
GT
|
+$62.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$74.5M |
| 2 |
TEN
Tenneco Inc. Class A Voting Common Stock
TEN
|
+$60.1M |
| 3 |
Verizon
VZ
|
+$59.7M |
| 4 |
Aecom
ACM
|
+$58.4M |
| 5 |
IRF
INTL RECTIFIER CORP
IRF
|
+$58.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.76% |
| 2 | Technology | 20.33% |
| 3 | Consumer Discretionary | 18.91% |
| 4 | Consumer Staples | 11.65% |
| 5 | Healthcare | 11.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VAR
351
DELISTED
Varian Medical Systems, Inc.
VAR
| $9.42M | 0.07% |
114,190
-155,382
| -58% | -$12.5M |
|
352
FTI Consulting
FCN
$4.3B
| $9.35M | 0.07% |
+249,460
| New | +$9.43M |
|
353
Olin
OLN
$2.1B
| $9.33M | 0.07% |
291,280
-164,023
| -36% | -$4.4M |
|
354
Mettler-Toledo International
MTD
$28B
| $9.16M | 0.07% |
27,860
-1,969
| -7% | -$609K |
|
355
Genesco
GCO
$390M
| $9.15M | 0.07% |
128,513
+121,570
| +1,751% | +$8.82M |
|
356
Insight Enterprises
NSIT
$4.33B
| $9.05M | 0.07% |
317,445
+87,736
| +38% | +$2.26M |
|
357
Deere & Co
DE
$175B
| $9.04M | 0.07% |
103,070
+69,136
| +204% | +$6.13M |
|
|
CPLA
358
DELISTED
Capella Education Company
CPLA
| $9M | 0.07% |
138,727
+88,934
| +179% | +$6.01M |
|
359
Tapestry
TPR
$26B
| $8.99M | 0.07% |
216,940
-102,549
| -32% | -$4.08M |
|
360
Advanced Micro Devices
AMD
$773B
| $8.87M | 0.07% |
+3,310,087
| New | +$9.31M |
|
|
MRSH
361
Marsh
MRSH
$91.6B
| $8.78M | 0.07% |
156,518
+148,787
| +1,925% | +$8.39M |
|
362
Diodes
DIOD
$4.33B
| $8.67M | 0.07% |
303,566
+105,242
| +53% | +$2.94M |
|
|
ICON
363
DELISTED
Iconix Brand Group, Inc.
ICON
| $8.57M | 0.07% |
25,452
-11,546
| -31% | -$3.97M |
|
364
Thor Industries
THO
$4.14B
| $8.47M | 0.06% |
134,022
-293,928
| -69% | -$17.5M |
|
365
Pinnacle West Capital
PNW
$11.8B
| $8.37M | 0.06% |
131,317
+23,183
| +21% | +$1.55M |
|
366
Benchmark Electronics
BHE
$2.61B
| $8.32M | 0.06% |
+346,113
| New | +$8.26M |
|
|
JCP
367
DELISTED
J.C. Penney Company, Inc.
JCP
| $8.29M | 0.06% |
+985,498
| New | +$7.67M |
|
368
Franklin Templeton
BEN
$17.4B
| $8.29M | 0.06% |
161,481
+54,113
| +50% | +$2.87M |
|
369
Core Laboratories
CLB
$574M
| $8.21M | 0.06% |
78,569
+9,745
| +14% | +$1.04M |
|
|
MNK
370
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $8.2M | 0.06% |
64,775
-45,244
| -41% | -$5.17M |
|
|
WOOF
371
DELISTED
VCA Inc.
WOOF
| $8.08M | 0.06% |
147,419
-1,998
| -1% | -$104K |
|
372
Ashland
ASH
$3.33B
| $8.02M | 0.06% |
+128,805
| New | +$7.8M |
|
373
Cummins
CMI
$80.9B
| $7.95M | 0.06% |
57,373
+7,885
| +16% | +$1.11M |
|
|
EGOV
374
DELISTED
NIC Inc
EGOV
| $7.88M | 0.06% |
446,097
-114,921
| -20% | -$1.95M |
|
375
Arista Networks
ANET
$238B
| $7.88M | 0.06% |
1,787,040
+1,456,864
| +441% | +$6.04M |
|
Similar funds
Joel Greenblatt's Q1 2015 Portfolio in Review
As of Q1 2015, Joel Greenblatt held 1,136 positions worth $13.1B, up 6.1% from $12.4B the previous quarter. Its ten largest holdings account for 7% of the portfolio.
Joel Greenblatt deployed $613M of net new capital in Q1 2015, opening 200 new positions and adding to 308 existing holdings. Its largest new stake was Orbital ATK, Inc.: 913,810 shares worth $70M.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ManpowerGroup, an estimated $74.5M trimmed.
- Joel Greenblatt's largest Q1 2015 buy was Orbital ATK, Inc.: 913,810 shares worth $70M.
- Joel Greenblatt added most to Terex in Q1 2015, an estimated $71M increase.
- Joel Greenblatt's biggest Q1 2015 reduction was ManpowerGroup, cutting an estimated $74.5M.
- Joel Greenblatt fully exited Aecom in Q1 2015, selling an estimated $58.4M.
- Joel Greenblatt's ten largest holdings make up 7% of its $13.1B portfolio in Q1 2015.
- Joel Greenblatt opened 200 new positions and closed 244 in Q1 2015.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $13.1B.
Based on Gotham Asset Management's 13F filing for Q1 2015, filed 15 May 2015.