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 | |
|---|---|---|---|---|---|---|
401
Dominion Energy
D
$58.6B
| $3.39M | 0.05% |
+49,670
| New | +$3.23M |
|
402
Marvell Technology
MRVL
$213B
| $3.34M | 0.05% |
155,657
-929,742
| -86% | -$19.8M |
|
|
SP
403
DELISTED
SP Plus Corporation
SP
| $3.33M | 0.05% |
89,511
-3,739
| -4% | -$137K |
|
404
Visteon
VC
$2.83B
| $3.32M | 0.05% |
+25,705
| New | +$3.21M |
|
405
Diodes
DIOD
$4.33B
| $3.31M | 0.05% |
96,036
-10,832
| -10% | -$356K |
|
|
GCP
406
DELISTED
GCP Applied Technologies Inc.
GCP
| $3.31M | 0.05% |
114,222
+46,541
| +69% | +$1.41M |
|
|
BLD
407
DELISTED
TopBuild
BLD
| $3.29M | 0.05% |
41,941
-70,670
| -63% | -$5.68M |
|
408
Acco Brands
ACCO
$391M
| $3.28M | 0.05% |
236,870
+90,433
| +62% | +$1.16M |
|
409
Cadence Design Systems
CDNS
$87.9B
| $3.27M | 0.05% |
75,502
-215,423
| -74% | -$8.86M |
|
410
Bruker
BRKR
$9.07B
| $3.27M | 0.05% |
112,524
+43,779
| +64% | +$1.33M |
|
411
Archer Daniels Midland
ADM
$38.7B
| $3.24M | 0.05% |
+70,641
| New | +$3.17M |
|
|
I
412
DELISTED
INTELSAT S. A.
I
| $3.22M | 0.05% |
193,492
+116,628
| +152% | +$1.51M |
|
|
FTSI
413
DELISTED
FTS International, Inc. Common Stock
FTSI
| $3.11M | 0.05% |
+10,933
| New | +$4M |
|
|
GAP
414
The Gap Inc
GAP
$7.13B
| $3.11M | 0.04% |
95,891
-276,532
| -74% | -$8.51M |
|
|
CVSA
415
Covista Inc
CVSA
$4.51B
| $3.06M | 0.04% |
63,550
+11,905
| +23% | +$569K |
|
416
Exelixis
EXEL
$13.4B
| $3.06M | 0.04% |
142,058
-98,268
| -41% | -$2.03M |
|
417
Eastman Chemical
EMN
$8.47B
| $2.99M | 0.04% |
29,906
-27,030
| -47% | -$2.85M |
|
418
American Airlines Group
AAL
$9.15B
| $2.98M | 0.04% |
+78,468
| New | +$3.46M |
|
|
CHS
419
DELISTED
Chicos FAS, Inc.
CHS
| $2.98M | 0.04% |
365,743
+217,582
| +147% | +$2.06M |
|
420
Carter's
CRI
$1.31B
| $2.94M | 0.04% |
27,153
-142,432
| -84% | -$15.3M |
|
|
PRAH
421
DELISTED
PRA Health Sciences, Inc.
PRAH
| $2.94M | 0.04% |
31,441
-33,694
| -52% | -$2.9M |
|
422
CVR Energy
CVI
$3.97B
| $2.93M | 0.04% |
79,305
-157,547
| -67% | -$5.94M |
|
423
Dick's Sporting Goods
DKS
$16.4B
| $2.93M | 0.04% |
83,054
-186,723
| -69% | -$6.34M |
|
|
RAD
424
DELISTED
Rite Aid Corporation
RAD
| $2.9M | 0.04% |
83,828
-162,330
| -66% | -$5.51M |
|
425
Ligand Pharmaceuticals
LGND
$5.71B
| $2.9M | 0.04% |
22,428
-3,717
| -14% | -$415K |
|
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.