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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
PetMed Express
PETS
$38.2M
| $4.02M | 0.06% |
91,240
-66,905
| -42% | -$2.59M |
|
377
Encompass Health
EHC
$11.9B
| $4.01M | 0.06% |
74,500
+64,513
| +646% | +$3.22M |
|
378
NCR Voyix
VYX
$1.09B
| $4.01M | 0.06% |
218,076
-109,089
| -33% | -$2.06M |
|
379
Thor Industries
THO
$4.14B
| $4.01M | 0.06% |
+41,137
| New | +$4.2M |
|
|
ESL
380
DELISTED
Esterline Technologies
ESL
| $3.99M | 0.06% |
+54,111
| New | +$4M |
|
|
POLY
381
DELISTED
Plantronics, Inc.
POLY
| $3.99M | 0.06% |
52,275
+1,290
| +3% | +$89.1K |
|
382
OSI Systems
OSIS
$3.41B
| $3.95M | 0.06% |
51,127
-19,359
| -27% | -$1.35M |
|
|
MRO
383
DELISTED
Marathon Oil Corporation
MRO
| $3.95M | 0.06% |
189,271
+168,758
| +823% | +$3.33M |
|
384
IDEX
IEX
$17.3B
| $3.9M | 0.06% |
28,609
+24,198
| +549% | +$3.38M |
|
385
FirstEnergy
FE
$26.6B
| $3.86M | 0.06% |
107,434
+16,718
| +18% | +$573K |
|
386
nVent Electric
NVT
$24.6B
| $3.82M | 0.06% |
+152,101
| New | +$3.96M |
|
387
AppFolio
APPF
$7.95B
| $3.82M | 0.06% |
62,416
-5,378
| -8% | -$293K |
|
388
BorgWarner
BWA
$13.8B
| $3.79M | 0.05% |
99,828
-177,296
| -64% | -$7.81M |
|
389
Ubiquiti
UI
$33.8B
| $3.79M | 0.05% |
44,743
+13,563
| +43% | +$1.06M |
|
|
CKH
390
DELISTED
Seacor Holdings Inc.
CKH
| $3.69M | 0.05% |
+64,415
| New | +$3.51M |
|
391
Keysight
KEYS
$53.8B
| $3.68M | 0.05% |
62,407
+55,311
| +779% | +$3.07M |
|
|
MSGN
392
DELISTED
MSG Networks Inc.
MSGN
| $3.67M | 0.05% |
153,289
-55,028
| -26% | -$1.17M |
|
393
Nasdaq
NDAQ
$54.9B
| $3.65M | 0.05% |
120,033
+22,437
| +23% | +$674K |
|
|
VRS
394
DELISTED
Verso Corporation
VRS
| $3.6M | 0.05% |
165,663
+70,676
| +74% | +$1.35M |
|
395
Fossil Group
FOSL
$332M
| $3.57M | 0.05% |
132,834
-18,693
| -12% | -$383K |
|
396
Herc Holdings
HRI
$5.41B
| $3.56M | 0.05% |
63,177
+59,982
| +1,877% | +$3.5M |
|
397
Nordson
NDSN
$18.5B
| $3.55M | 0.05% |
+27,673
| New | +$3.65M |
|
398
Brinker International
EAT
$10.6B
| $3.5M | 0.05% |
73,469
-83,495
| -53% | -$3.7M |
|
399
Roper Technologies
ROP
$40.7B
| $3.47M | 0.05% |
12,575
+10,543
| +519% | +$2.91M |
|
400
Chemours
CC
$2.4B
| $3.41M | 0.05% |
76,900
-16,184
| -17% | -$805K |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.