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 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$54.1M |
| 2 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
+$42.9M |
| 3 |
Teradata
TDC
|
+$40.2M |
| 4 |
Delta Air Lines
DAL
|
+$39.9M |
| 5 |
Monster Beverage
MNST
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$53.1M |
| 2 |
News Corp Class B
NWS
|
+$33.3M |
| 3 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$31.9M |
| 4 |
C.H. Robinson
CHRW
|
+$30.5M |
| 5 |
IM
Ingram Micro
IM
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.69% |
| 2 | Technology | 19.82% |
| 3 | Consumer Discretionary | 19.24% |
| 4 | Consumer Staples | 12.32% |
| 5 | Healthcare | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Children's Place
PLCE
$55.4M
| $4.04M | 0.05% |
81,333
-50,249
| -38% | -$2.44M |
|
|
SIAL
427
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $4.03M | 0.05% |
39,753
+1,050
| +3% | +$102K |
|
428
Global Payments
GPN
$24.7B
| $4M | 0.05% |
109,838
+23,942
| +28% | +$824K |
|
|
SRCL
429
DELISTED
Stericycle Inc
SRCL
| $3.97M | 0.05% |
+33,515
| New | +$3.84M |
|
430
Cboe Global Markets
CBOE
$31.4B
| $3.94M | 0.05% |
+80,021
| New | +$4.06M |
|
431
Mastercard
MA
$509B
| $3.93M | 0.05% |
53,437
+41,962
| +366% | +$3.12M |
|
|
HMSY
432
DELISTED
HMS Holdings Corp.
HMSY
| $3.91M | 0.05% |
191,722
+68,571
| +56% | +$1.24M |
|
433
Kaiser Aluminum
KALU
$2.52B
| $3.89M | 0.05% |
53,329
-10,816
| -17% | -$765K |
|
|
TYC
434
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $3.86M | 0.05% |
80,785
-105,995
| -57% | -$4.78M |
|
435
Caleres
CAL
$457M
| $3.78M | 0.05% |
132,247
-326,204
| -71% | -$8.53M |
|
|
CNSL
436
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $3.76M | 0.05% |
168,989
+97,307
| +136% | +$1.97M |
|
|
HRC
437
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $3.75M | 0.05% |
90,281
-70,937
| -44% | -$2.76M |
|
438
McKesson
MCK
$100B
| $3.74M | 0.05% |
20,104
-24,053
| -54% | -$4.28M |
|
439
UnitedHealth
UNH
$350B
| $3.73M | 0.05% |
45,563
+29,480
| +183% | +$2.32M |
|
440
NewMarket
NEU
$8.62B
| $3.63M | 0.05% |
9,260
-779
| -8% | -$300K |
|
441
G-III Apparel Group
GIII
$1.43B
| $3.62M | 0.05% |
88,544
-4,700
| -5% | -$177K |
|
442
CF Industries
CF
$19.6B
| $3.61M | 0.05% |
74,955
-12,910
| -15% | -$632K |
|
|
RPXC
443
DELISTED
RPX Corporation
RPXC
| $3.59M | 0.05% |
202,490
-502,362
| -71% | -$8.34M |
|
444
DuPont de Nemours
DD
$18.7B
| $3.59M | 0.05% |
27,566
-32,037
| -54% | -$4.08M |
|
445
Archrock
AROC
$5.58B
| $3.57M | 0.04% |
79,307
+51,326
| +183% | +$2.22M |
|
|
BGC
446
DELISTED
General Cable Corporation
BGC
| $3.53M | 0.04% |
137,523
-179,298
| -57% | -$4.51M |
|
447
Coca-Cola
KO
$392B
| $3.52M | 0.04% |
83,139
-15,783
| -16% | -$640K |
|
|
448
C.H. Robinson
CHRW
$16.5B
| $3.47M | 0.04% |
54,369
-518,598
| -91% | -$30.5M |
|
|
CPWR
449
DELISTED
COMPUWARE CORP
CPWR
| $3.47M | 0.04% |
361,395
+160,345
| +80% | +$1.56M |
|
450
Ligand Pharmaceuticals
LGND
$5.71B
| $3.46M | 0.04% |
+88,954
| New | +$3.61M |
|
Similar funds
Joel Greenblatt's Q2 2014 Portfolio in Review
As of Q2 2014, Joel Greenblatt held 1,196 positions worth $7.99B, up 20% from $6.64B the previous quarter. Its ten largest holdings account for 6.9% of the portfolio.
Joel Greenblatt deployed $1.17B of net new capital in Q2 2014, opening 202 new positions and adding to 378 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $30.5M trimmed.
- Joel Greenblatt's largest Q2 2014 buy was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
- Joel Greenblatt added most to TOWERS WATSON & CO COM STK CL A (DE) in Q2 2014, an estimated $42.9M increase.
- Joel Greenblatt's biggest Q2 2014 reduction was C.H. Robinson, cutting an estimated $30.5M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q2 2014, selling an estimated $53.1M.
- Joel Greenblatt's ten largest holdings make up 6.9% of its $7.99B portfolio in Q2 2014.
- Joel Greenblatt opened 202 new positions and closed 216 in Q2 2014.
- Joel Greenblatt's portfolio value rose 20% quarter-over-quarter to $7.99B.
Based on Gotham Asset Management's 13F filing for Q2 2014, filed 14 Aug 2014.