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 | |
|---|---|---|---|---|---|---|
|
AEGN
401
DELISTED
Aegion Corp
AEGN
| $5.99M | 0.06% |
363,523
-22,114
| -6% | -$400K |
|
|
MDAS
402
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $5.81M | 0.06% |
+289,553
| New | +$6.17M |
|
|
PRMW
403
DELISTED
Primo Water Corporation
PRMW
| $5.79M | 0.06% |
+534,655
| New | +$5.78M |
|
404
Enerpac Tool Group
EPAC
$1.9B
| $5.78M | 0.06% |
314,460
-192,181
| -38% | -$4.1M |
|
405
Ingredion
INGR
$6.74B
| $5.73M | 0.06% |
65,597
| – | – |
|
|
SNBR
406
DELISTED
Sleep Number
SNBR
| $5.66M | 0.06% |
258,454
+60,258
| +30% | +$1.54M |
|
|
ABAX
407
DELISTED
Abaxis Inc
ABAX
| $5.63M | 0.05% |
127,866
-28,943
| -18% | -$1.42M |
|
408
Integra LifeSciences
IART
$1.3B
| $5.56M | 0.05% |
186,682
+153,926
| +470% | +$4.81M |
|
409
Zebra Technologies
ZBRA
$17.4B
| $5.54M | 0.05% |
72,353
| – | – |
|
410
Las Vegas Sands
LVS
$30.5B
| $5.44M | 0.05% |
+143,389
| New | +$7.23M |
|
|
CBM
411
DELISTED
Cambrex Corporation
CBM
| $5.44M | 0.05% |
137,090
-131,611
| -49% | -$6.16M |
|
412
Prestige Consumer Healthcare
PBH
$2.43B
| $5.38M | 0.05% |
119,178
-150,298
| -56% | -$7.1M |
|
413
Westlake Corp
WLK
$10.1B
| $5.37M | 0.05% |
103,562
+95,043
| +1,116% | +$5.55M |
|
|
414
Hormel Foods
HRL
$13.1B
| $5.3M | 0.05% |
167,318
-2,145,082
| -93% | -$64.3M |
|
415
Magna International
MGA
$19.5B
| $5.29M | 0.05% |
110,118
-581,217
| -84% | -$30.1M |
|
|
AMED
416
DELISTED
Amedisys
AMED
| $5.22M | 0.05% |
137,387
-258,006
| -65% | -$10.9M |
|
417
Shenandoah Telecom
SHEN
$683M
| $5.2M | 0.05% |
242,932
+112,566
| +86% | +$2.13M |
|
418
Texas Instruments
TXN
$241B
| $5.19M | 0.05% |
104,890
-974,874
| -90% | -$47.6M |
|
|
VSI
419
DELISTED
Vitamin Shoppe Inc.
VSI
| $5.18M | 0.05% |
+158,812
| New | +$5.66M |
|
420
Quad
QUAD
$532M
| $5.15M | 0.05% |
425,276
+50,229
| +13% | +$762K |
|
421
WisdomTree
WT
$3.56B
| $5.07M | 0.05% |
314,580
+255,522
| +433% | +$5.38M |
|
422
Campbell Soup
CPB
$7.14B
| $5.07M | 0.05% |
100,068
-663,884
| -87% | -$32.6M |
|
423
Coca-Cola
KO
$392B
| $5M | 0.05% |
124,532
-26,620
| -18% | -$1.07M |
|
|
ASRT
424
DELISTED
Assertio
ASRT
| $4.98M | 0.05% |
4,404
-9,632
| -69% | -$16.4M |
|
|
AIRM
425
DELISTED
Air Methods Corp
AIRM
| $4.97M | 0.05% |
145,894
+125,974
| +632% | +$4.87M |
|
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.