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 | |
|---|---|---|---|---|---|---|
351
Quanta Services
PWR
$96.1B
| $5.1M | 0.07% |
+154,827
| New | +$5.16M |
|
|
BWLD
352
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $5.09M | 0.07% |
+40,192
| New | +$6M |
|
353
Cavco Industries
CVCO
$4.48B
| $5.08M | 0.07% |
39,149
-4,451
| -10% | -$531K |
|
|
TGI
354
DELISTED
Triumph Group
TGI
| $5.07M | 0.07% |
+160,564
| New | +$4.47M |
|
355
Lincoln Electric
LECO
$15.4B
| $5.07M | 0.07% |
+55,090
| New | +$4.95M |
|
356
Repligen
RGEN
$10.2B
| $5.04M | 0.07% |
121,625
-5,439
| -4% | -$207K |
|
357
Humana
HUM
$45.5B
| $5.03M | 0.07% |
20,914
+1,234
| +6% | +$279K |
|
358
Alaska Air
ALK
$4.51B
| $5M | 0.07% |
55,714
-87,237
| -61% | -$7.65M |
|
|
CBPX
359
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $4.93M | 0.07% |
211,719
-61,634
| -23% | -$1.49M |
|
|
POLY
360
DELISTED
Plantronics, Inc.
POLY
| $4.91M | 0.07% |
93,909
-26,006
| -22% | -$1.4M |
|
361
Itron
ITRI
$4.38B
| $4.89M | 0.07% |
+72,124
| New | +$4.73M |
|
362
Las Vegas Sands
LVS
$30.5B
| $4.88M | 0.07% |
+76,438
| New | +$4.58M |
|
|
NUAN
363
DELISTED
Nuance Communications, Inc.
NUAN
| $4.88M | 0.07% |
323,719
+222,667
| +220% | +$3.49M |
|
364
Bristol-Myers Squibb
BMY
$137B
| $4.87M | 0.07% |
87,459
+77,398
| +769% | +$4.21M |
|
365
Wolverine World Wide
WWW
$1.72B
| $4.84M | 0.07% |
172,926
-94,178
| -35% | -$2.38M |
|
366
Lithia Motors
LAD
$8.15B
| $4.81M | 0.07% |
+51,078
| New | +$4.62M |
|
367
Universal Corp
UVV
$1.12B
| $4.76M | 0.07% |
73,547
-68,023
| -48% | -$4.72M |
|
368
CME Group
CME
$98.9B
| $4.75M | 0.07% |
37,922
+19,217
| +103% | +$2.3M |
|
|
TVTY
369
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $4.75M | 0.07% |
119,074
+3
| +0% | +$100 |
|
370
CarMax
KMX
$8.82B
| $4.73M | 0.07% |
+75,028
| New | +$4.53M |
|
371
Jazz Pharmaceuticals
JAZZ
$16.5B
| $4.71M | 0.07% |
30,308
+17,692
| +140% | +$2.71M |
|
372
JB Hunt Transport Services
JBHT
$25.9B
| $4.7M | 0.07% |
+51,442
| New | +$4.55M |
|
373
Winnebago Industries
WGO
$898M
| $4.68M | 0.07% |
133,806
+78,714
| +143% | +$2.21M |
|
374
NETSCOUT
NTCT
$2.8B
| $4.59M | 0.06% |
+133,384
| New | +$4.83M |
|
375
GameStop
GME
$8.17B
| $4.52M | 0.06% |
836,128
-134,484
| -14% | -$759K |
|
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.