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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
MSC Industrial Direct
MSM
$6.69B
| $6.59M | 0.06% |
+107,977
| New | +$7.36M |
|
|
CPLA
377
DELISTED
Capella Education Company
CPLA
| $6.53M | 0.06% |
131,887
-9,656
| -7% | -$493K |
|
378
lululemon athletica
LULU
$13.7B
| $6.53M | 0.06% |
128,909
-48,588
| -27% | -$2.96M |
|
|
MIK
379
DELISTED
Michaels Stores, Inc
MIK
| $6.45M | 0.06% |
279,157
-265,714
| -49% | -$6.78M |
|
380
Brown & Brown
BRO
$24.4B
| $6.45M | 0.06% |
416,284
-91,368
| -18% | -$1.5M |
|
381
Leggett & Platt
LEG
$1.29B
| $6.39M | 0.06% |
154,859
+83,032
| +116% | +$3.88M |
|
382
ONE Gas
OGS
$4.95B
| $6.37M | 0.06% |
140,523
+133,811
| +1,994% | +$5.86M |
|
383
Darling Ingredients
DAR
$10.4B
| $6.33M | 0.06% |
+563,335
| New | +$7.2M |
|
|
CHMT
384
DELISTED
Chemtura Corporation
CHMT
| $6.33M | 0.06% |
+221,161
| New | +$6.05M |
|
385
Energizer
ENR
$1.47B
| $6.31M | 0.06% |
163,091
-154,059
| -49% | -$6.17M |
|
|
WWE
386
DELISTED
World Wrestling Entertainment
WWE
| $6.3M | 0.06% |
+372,912
| New | +$6.97M |
|
387
Phibro Animal Health
PAHC
$1.47B
| $6.29M | 0.06% |
198,894
-79,041
| -28% | -$2.89M |
|
|
ATVI
388
DELISTED
Activision Blizzard
ATVI
| $6.27M | 0.06% |
203,053
-1,974,508
| -91% | -$55M |
|
|
JBTM
389
JBT Marel
JBTM
$6.06B
| $6.27M | 0.06% |
163,921
-12,069
| -7% | -$438K |
|
390
ICU Medical
ICUI
$4.57B
| $6.27M | 0.06% |
57,252
-163,826
| -74% | -$17.5M |
|
391
Euronet Worldwide
EEFT
$2.62B
| $6.24M | 0.06% |
84,276
-12,546
| -13% | -$839K |
|
392
Alcoa
AA
$13.7B
| $6.21M | 0.06% |
+267,708
| New | +$6.27M |
|
393
CMS Energy
CMS
$21.4B
| $6.21M | 0.06% |
175,934
+127,223
| +261% | +$4.29M |
|
394
Scholastic
SCHL
$757M
| $6.21M | 0.06% |
159,307
-164,473
| -51% | -$7.07M |
|
395
HEICO Corp
HEI
$49.6B
| $6.21M | 0.06% |
309,897
+96,931
| +46% | +$2.11M |
|
396
American Airlines Group
AAL
$9.15B
| $6.14M | 0.06% |
158,156
-81,977
| -34% | -$3.37M |
|
|
WSTC
397
DELISTED
West Corporation
WSTC
| $6.13M | 0.06% |
273,497
-394,856
| -59% | -$10.4M |
|
|
MTSC
398
DELISTED
MTS Systems Corp
MTSC
| $6.06M | 0.06% |
+100,779
| New | +$6.23M |
|
399
Brady Corp
BRC
$4.3B
| $6.06M | 0.06% |
308,060
+112,712
| +58% | +$2.54M |
|
|
WGL
400
DELISTED
Wgl Holdings
WGL
| $6.04M | 0.06% |
104,695
-1,416
| -1% | -$77.9K |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.