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 | |
|---|---|---|---|---|---|---|
|
AGU
376
DELISTED
Agrium
AGU
| $4.51M | 0.06% |
49,820
-76,297
| -60% | -$7.05M |
|
377
LyondellBasell Industries
LYB
$21.8B
| $4.5M | 0.06% |
53,356
-189,396
| -78% | -$15.7M |
|
|
ALR
378
DELISTED
Alere Inc
ALR
| $4.47M | 0.06% |
89,070
-14,842
| -14% | -$715K |
|
379
Aon
AON
$75.3B
| $4.46M | 0.06% |
33,581
+655
| +2% | +$82.8K |
|
380
Equifax
EFX
$22.6B
| $4.46M | 0.06% |
+32,482
| New | +$4.46M |
|
|
SCS
381
DELISTED
Steelcase
SCS
| $4.45M | 0.06% |
318,151
-54,195
| -15% | -$893K |
|
382
Signet Jewelers
SIG
$3.16B
| $4.45M | 0.06% |
70,376
-26,201
| -27% | -$1.61M |
|
|
LNCE
383
DELISTED
Snyders-Lance, Inc.
LNCE
| $4.43M | 0.06% |
128,022
+82,080
| +179% | +$2.99M |
|
384
Maximus
MMS
$3.05B
| $4.42M | 0.06% |
70,533
-4,531
| -6% | -$281K |
|
|
RAI
385
DELISTED
Reynolds American Inc
RAI
| $4.42M | 0.06% |
67,904
-21,152
| -24% | -$1.38M |
|
386
IDEX
IEX
$17.3B
| $4.36M | 0.06% |
38,589
+25,386
| +192% | +$2.67M |
|
387
Freeport-McMoran
FCX
$110B
| $4.36M | 0.06% |
363,057
-18,846
| -5% | -$229K |
|
|
AET
388
DELISTED
Aetna Inc
AET
| $4.35M | 0.06% |
28,625
-16,353
| -36% | -$2.31M |
|
389
REX American Resources
REX
$1.47B
| $4.34M | 0.06% |
269,886
+24,006
| +10% | +$381K |
|
|
MRO
390
DELISTED
Marathon Oil Corporation
MRO
| $4.33M | 0.06% |
+365,477
| New | +$5.11M |
|
391
Teradyne
TER
$58.7B
| $4.33M | 0.06% |
144,205
-14,155
| -9% | -$476K |
|
392
MaxLinear
MXL
$6.04B
| $4.31M | 0.06% |
154,580
-51,228
| -25% | -$1.49M |
|
393
Dick's Sporting Goods
DKS
$16.4B
| $4.31M | 0.06% |
108,182
+2,538
| +2% | +$114K |
|
394
Mueller Water Products
MWA
$3.89B
| $4.28M | 0.06% |
366,525
+330,136
| +907% | +$3.79M |
|
|
UNVR
395
DELISTED
Univar Solutions Inc.
UNVR
| $4.25M | 0.06% |
145,725
-348,375
| -71% | -$10.6M |
|
396
Canadian National Railway
CNI
$78.5B
| $4.23M | 0.06% |
52,228
+31,066
| +147% | +$2.37M |
|
|
SVU
397
DELISTED
SUPERVALU Inc.
SVU
| $4.22M | 0.06% |
+183,324
| New | +$4.88M |
|
|
DGI
398
DELISTED
DigitalGlobe Inc.
DGI
| $4.22M | 0.06% |
+126,634
| New | +$4.08M |
|
|
EXTN
399
DELISTED
Exterran Corporation
EXTN
| $4.12M | 0.06% |
154,385
+72,499
| +89% | +$2.06M |
|
400
Transocean
RIG
$6.61B
| $4.11M | 0.06% |
499,583
+336,439
| +206% | +$3.44M |
|
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.