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 |
Phillips 66
PSX
|
+$43.2M |
| 2 |
Booking.com
BKNG
|
+$32.2M |
| 3 |
RTX Corp
RTX
|
+$32.1M |
| 4 |
Pfizer
PFE
|
+$30.2M |
| 5 |
Northrop Grumman
NOC
|
+$25.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$55.3M |
| 2 |
IBM
IBM
|
+$43.1M |
| 3 |
Lowe's Companies
LOW
|
+$36M |
| 4 |
Linde
LIN
|
+$29.1M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.23% |
| 2 | Technology | 15.76% |
| 3 | Healthcare | 12.99% |
| 4 | Consumer Discretionary | 12.18% |
| 5 | Consumer Staples | 10.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRC
376
DELISTED
MRC Global
MRC
| $2.96M | 0.05% |
217,078
+81,700
| +60% | +$1.06M |
|
377
Ingredion
INGR
$6.7B
| $2.95M | 0.05% |
31,698
+22,127
| +231% | +$1.86M |
|
378
Allstate
ALL
$65.8B
| $2.92M | 0.05% |
25,991
-11,279
| -30% | -$1.23M |
|
|
CPE
379
DELISTED
Callon Petroleum Company
CPE
| $2.91M | 0.05% |
60,301
+53,984
| +855% | +$2.23M |
|
380
Dow Inc
DOW
$22.7B
| $2.91M | 0.05% |
53,189
-449,626
| -89% | -$23.2M |
|
|
KL
381
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $2.88M | 0.05% |
65,472
+49,761
| +317% | +$2.21M |
|
382
Paylocity
PCTY
$8.09B
| $2.87M | 0.05% |
23,709
-57,028
| -71% | -$6.25M |
|
383
Vulcan Materials
VMC
$35.7B
| $2.85M | 0.05% |
+19,791
| New | +$2.83M |
|
|
DISH
384
DELISTED
DISH Network Corp.
DISH
| $2.84M | 0.05% |
80,035
-195,047
| -71% | -$6.76M |
|
385
HUB Group
HUBG
$2.46B
| $2.84M | 0.05% |
110,660
-85,238
| -44% | -$2.11M |
|
386
Huntsman Corp
HUN
$1.69B
| $2.82M | 0.05% |
+116,743
| New | +$2.7M |
|
|
AXE
387
DELISTED
Anixter International Inc
AXE
| $2.82M | 0.05% |
+30,583
| New | +$2.48M |
|
|
SNBR
388
DELISTED
Sleep Number
SNBR
| $2.81M | 0.05% |
57,104
+19,267
| +51% | +$916K |
|
389
Booz Allen Hamilton
BAH
$9.05B
| $2.79M | 0.05% |
39,179
-67,738
| -63% | -$4.82M |
|
|
ACIA
390
DELISTED
Acacia Communications Inc
ACIA
| $2.74M | 0.05% |
40,371
-10,553
| -21% | -$699K |
|
|
GRMN
391
Garmin
GRMN
$56.2B
| $2.72M | 0.05% |
27,871
-50,512
| -64% | -$4.71M |
|
392
Kosmos Energy
KOS
$1.7B
| $2.71M | 0.05% |
+474,902
| New | +$2.87M |
|
393
Kohl's
KSS
$2.08B
| $2.68M | 0.05% |
52,516
-86,348
| -62% | -$4.39M |
|
|
SPR
394
DELISTED
Spirit AeroSystems
SPR
| $2.66M | 0.05% |
36,492
-7,338
| -17% | -$605K |
|
395
TJX Companies
TJX
$155B
| $2.65M | 0.05% |
43,383
-121,183
| -74% | -$7.17M |
|
396
Vanda Pharmaceuticals
VNDA
$322M
| $2.65M | 0.05% |
161,192
-1,422
| -0.9% | -$21.5K |
|
397
Genesco
GCO
$389M
| $2.64M | 0.05% |
55,078
-19,113
| -26% | -$793K |
|
|
AJRD
398
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.64M | 0.05% |
57,769
+46,568
| +416% | +$2.11M |
|
399
Seagate
STX
$180B
| $2.63M | 0.05% |
44,125
-110,768
| -72% | -$6.36M |
|
400
MillerKnoll
MLKN
$1.58B
| $2.61M | 0.05% |
62,602
+17,413
| +39% | +$806K |
|
Similar funds
Joel Greenblatt's Q4 2019 Portfolio in Review
As of Q4 2019, Joel Greenblatt held 1,290 positions worth $5.45B, down 3.8% from $5.66B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $632M in Q4 2019, closing 203 positions and reducing 508 holdings. Its most notable exit was Celgene Corp, an estimated $55.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Phillips 66 worth $42.8M.
- Joel Greenblatt's largest Q4 2019 buy was Phillips 66: 384,100 shares worth $42.8M.
- Joel Greenblatt added most to Booking.com in Q4 2019, an estimated $32.2M increase.
- Joel Greenblatt's biggest Q4 2019 reduction was IBM, cutting an estimated $43.1M.
- Joel Greenblatt fully exited Celgene Corp in Q4 2019, selling an estimated $55.3M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.45B portfolio in Q4 2019.
- Joel Greenblatt opened 215 new positions and closed 203 in Q4 2019.
- Joel Greenblatt's portfolio value fell 3.8% quarter-over-quarter to $5.45B.
Based on Gotham Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.