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 |
SPR
Spirit AeroSystems
SPR
|
+$18.4M |
| 2 |
DF
Dean Foods Company
DF
|
+$17.8M |
| 3 |
GameStop
GME
|
+$16M |
| 4 |
Amdocs
DOX
|
+$14.3M |
| 5 |
FTR
Frontier Communications Corp.
FTR
|
+$14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCRX
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
|
+$23.5M |
| 2 |
United Therapeutics
UTHR
|
+$16M |
| 3 |
Abercrombie & Fitch
ANF
|
+$13M |
| 4 |
American Eagle Outfitters
AEO
|
+$11M |
| 5 |
OUTR
OUTERWALL INC
OUTR
|
+$9.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.78% |
| 2 | Technology | 19.27% |
| 3 | Consumer Discretionary | 17.3% |
| 4 | Healthcare | 11.45% |
| 5 | Consumer Staples | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Vera Bradley
VRA
$89.6M
| $2.85M | 0.07% |
118,524
-66,980
| -36% | -$1.54M |
|
402
FedEx
FDX
$76.9B
| $2.84M | 0.07% |
19,749
-35,023
| -64% | -$4.64M |
|
403
MYR Group
MYRG
$4.84B
| $2.82M | 0.07% |
112,347
+4,358
| +4% | +$109K |
|
|
CJES
404
DELISTED
C&J ENERGY SVCS LTD
CJES
| $2.81M | 0.07% |
121,763
+3,136
| +3% | +$71.6K |
|
405
ICF International
ICFI
$1.6B
| $2.76M | 0.07% |
79,574
-44,073
| -36% | -$1.52M |
|
|
CSH
406
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $2.76M | 0.07% |
158,961
+9,470
| +6% | +$171K |
|
|
PRSU
407
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
| $2.74M | 0.07% |
104,705
-16,484
| -14% | -$393K |
|
|
XLS
408
DELISTED
EXELIS INC COM STK
XLS
| $2.72M | 0.06% |
153,091
+63,945
| +72% | +$1.02M |
|
409
Deckers Outdoor
DECK
$12.5B
| $2.72M | 0.06% |
193,428
+56,742
| +42% | +$700K |
|
410
Graham Holdings Company
GHC
$4.94B
| $2.69M | 0.06% |
6,742
+5,413
| +407% | +$2.1M |
|
|
MDP
411
DELISTED
Meredith Corporation
MDP
| $2.69M | 0.06% |
51,833
-2,850
| -5% | -$146K |
|
412
CorVel
CRVL
$3.54B
| $2.68M | 0.06% |
172,218
-89,310
| -34% | -$1.27M |
|
413
Skywest
SKYW
$3.93B
| $2.68M | 0.06% |
180,560
-15,439
| -8% | -$235K |
|
|
BGFV
414
DELISTED
Big 5 Sporting Goods
BGFV
| $2.67M | 0.06% |
134,924
-28,937
| -18% | -$512K |
|
415
AutoNation
AN
$6.6B
| $2.66M | 0.06% |
53,597
+6,875
| +15% | +$340K |
|
416
Kforce
KFRC
$1.05B
| $2.65M | 0.06% |
129,367
-118,425
| -48% | -$2.27M |
|
417
Amgen
AMGN
$238B
| $2.64M | 0.06% |
+23,170
| New | +$2.64M |
|
418
Global Payments
GPN
$24.7B
| $2.63M | 0.06% |
81,050
-63,476
| -44% | -$1.92M |
|
419
Future Fuel
FF
$244M
| $2.63M | 0.06% |
166,620
+5,799
| +4% | +$97.7K |
|
|
SHLM
420
DELISTED
Schulman (A.) Inc
SHLM
| $2.63M | 0.06% |
74,445
-20,281
| -21% | -$667K |
|
421
Kelly Services Class A
KELYA
$594M
| $2.62M | 0.06% |
105,044
-7,146
| -6% | -$156K |
|
422
Exponent
EXPO
$3.34B
| $2.59M | 0.06% |
+134,240
| New | +$2.54M |
|
|
SPTN
423
DELISTED
SpartanNash
SPTN
| $2.59M | 0.06% |
106,608
+20,385
| +24% | +$473K |
|
|
ESL
424
DELISTED
Esterline Technologies
ESL
| $2.58M | 0.06% |
25,312
-19,947
| -44% | -$1.7M |
|
|
TOWR
425
DELISTED
Tower International, Inc.
TOWR
| $2.57M | 0.06% |
+120,152
| New | +$2.51M |
|
Similar funds
Joel Greenblatt's Q4 2013 Portfolio in Review
As of Q4 2013, Joel Greenblatt held 1,100 positions worth $4.2B, up 36% from $3.08B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Joel Greenblatt deployed $796M of net new capital in Q4 2013, opening 219 new positions and adding to 392 existing holdings. Its largest new stake was Spirit AeroSystems: 625,966 shares worth $21.3M.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was United Therapeutics, an estimated $16M trimmed.
- Joel Greenblatt's largest Q4 2013 buy was Spirit AeroSystems: 625,966 shares worth $21.3M.
- Joel Greenblatt added most to Dean Foods Company in Q4 2013, an estimated $17.8M increase.
- Joel Greenblatt's biggest Q4 2013 reduction was United Therapeutics, cutting an estimated $16M.
- Joel Greenblatt fully exited WARNER CHILCOTT PLC ORD SHS CL A (IRL) in Q4 2013, selling an estimated $23.5M.
- Joel Greenblatt's ten largest holdings make up 6.3% of its $4.2B portfolio in Q4 2013.
- Joel Greenblatt opened 219 new positions and closed 150 in Q4 2013.
- Joel Greenblatt's portfolio value rose 36% quarter-over-quarter to $4.2B.
Based on Gotham Asset Management's 13F filing for Q4 2013, filed 14 Feb 2014.