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 | |
|---|---|---|---|---|---|---|
|
BOBE
401
DELISTED
Bob Evans Farms, Inc.
BOBE
| $4.1M | 0.06% |
+57,130
| New | +$3.92M |
|
402
Imperial Oil
IMO
$66.1B
| $4.08M | 0.06% |
139,712
+47,244
| +51% | +$1.38M |
|
|
CHS
403
DELISTED
Chicos FAS, Inc.
CHS
| $4.07M | 0.06% |
432,140
+237,109
| +122% | +$2.74M |
|
404
Xencor
XNCR
$2.12B
| $4.03M | 0.06% |
190,897
-62,256
| -25% | -$1.4M |
|
|
CVG
405
DELISTED
Convergys
CVG
| $4.01M | 0.06% |
168,758
+3,325
| +2% | +$77.4K |
|
|
WEB
406
DELISTED
Web.com Group, Inc.
WEB
| $4M | 0.06% |
158,314
+94,907
| +150% | +$2.01M |
|
407
OSI Systems
OSIS
$3.41B
| $3.92M | 0.06% |
52,174
+44,817
| +609% | +$3.39M |
|
408
3M
MMM
$92.3B
| $3.9M | 0.05% |
22,420
-97,028
| -81% | -$16.2M |
|
409
Varex Imaging
VREX
$781M
| $3.86M | 0.05% |
+114,127
| New | +$3.89M |
|
410
Greif
GEF
$4.98B
| $3.85M | 0.05% |
69,052
-93,666
| -58% | -$5.3M |
|
411
JPMorgan Chase
JPM
$948B
| $3.82M | 0.05% |
41,789
+2,288
| +6% | +$197K |
|
412
Marathon Petroleum
MPC
$101B
| $3.82M | 0.05% |
+72,941
| New | +$3.77M |
|
413
Sanmina
SANM
$9.96B
| $3.82M | 0.05% |
100,178
-6,402
| -6% | -$243K |
|
414
Murphy Oil
MUR
$5.12B
| $3.79M | 0.05% |
+147,763
| New | +$3.86M |
|
415
Burlington
BURL
$20.6B
| $3.78M | 0.05% |
41,134
+38,826
| +1,682% | +$3.73M |
|
416
Minerals Technologies
MTX
$2.24B
| $3.78M | 0.05% |
51,581
-7,572
| -13% | -$565K |
|
417
Graham Holdings Company
GHC
$4.98B
| $3.77M | 0.05% |
6,285
-3,954
| -39% | -$2.37M |
|
|
OA
418
DELISTED
Orbital ATK, Inc.
OA
| $3.77M | 0.05% |
+38,307
| New | +$3.78M |
|
419
Caesars Entertainment
CZR
$6.05B
| $3.73M | 0.05% |
186,534
-37,987
| -17% | -$760K |
|
420
Korn Ferry
KFY
$4.38B
| $3.73M | 0.05% |
107,987
+83,908
| +348% | +$2.73M |
|
421
CONMED
CNMD
$1.56B
| $3.67M | 0.05% |
71,967
+31,283
| +77% | +$1.55M |
|
422
Adient
ADNT
$1.49B
| $3.67M | 0.05% |
+56,060
| New | +$3.81M |
|
423
Watts Water Technologies
WTS
$12.5B
| $3.66M | 0.05% |
57,946
+31,206
| +117% | +$1.95M |
|
424
KRONOS Worldwide
KRO
$956M
| $3.66M | 0.05% |
+200,924
| New | +$3.57M |
|
|
CVSA
425
Covista Inc
CVSA
$4.61B
| $3.55M | 0.05% |
93,617
-73,706
| -44% | -$2.75M |
|
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.