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 |
Bunge Global
BG
|
+$71M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$62.1M |
| 3 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.3M |
| 4 |
Abercrombie & Fitch
ANF
|
+$57M |
| 5 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$41.2M |
| 2 |
Whirlpool
WHR
|
+$39.9M |
| 3 |
Lockheed Martin
LMT
|
+$37.9M |
| 4 |
Intuit
INTU
|
+$37.1M |
| 5 |
United Therapeutics
UTHR
|
+$36.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.05% |
| 2 | Technology | 20.56% |
| 3 | Consumer Discretionary | 18.37% |
| 4 | Healthcare | 13.15% |
| 5 | Consumer Staples | 12.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Urban Outfitters
URBN
$6.36B
| $4.4M | 0.04% |
119,894
-868,513
| -88% | -$31.9M |
|
427
World Kinect Corp
WKC
$1.84B
| $4.3M | 0.04% |
+107,668
| New | +$4.82M |
|
428
Royal Caribbean
RCL
$78.1B
| $4.25M | 0.04% |
63,084
+56,721
| +891% | +$3.52M |
|
|
PCP
429
DELISTED
PRECISION CASTPARTS CORP
PCP
| $4.22M | 0.04% |
17,818
-84
| -0.5% | -$20.4K |
|
|
MRO
430
DELISTED
Marathon Oil Corporation
MRO
| $4.22M | 0.04% |
112,258
-112,654
| -50% | -$4.47M |
|
431
Haverty Furniture Companies
HVT
$427M
| $4.21M | 0.04% |
193,383
-46,021
| -19% | -$1.08M |
|
|
AVX
432
DELISTED
AVX Corporation
AVX
| $4.21M | 0.04% |
317,024
+227,723
| +255% | +$3.06M |
|
433
Aaon
AAON
$6.55B
| $4.19M | 0.04% |
369,344
-97,873
| -21% | -$1.27M |
|
434
AAR Corp
AIR
$5.43B
| $4.13M | 0.04% |
170,842
-108,937
| -39% | -$2.95M |
|
435
WEC Energy
WEC
$34.5B
| $4.04M | 0.04% |
+94,040
| New | +$4.18M |
|
436
Occidental Petroleum
OXY
$61.3B
| $4M | 0.04% |
43,403
-40,738
| -48% | -$3.91M |
|
|
HOUS
437
DELISTED
Anywhere Real Estate
HOUS
| $3.98M | 0.04% |
107,068
-35,486
| -25% | -$1.39M |
|
438
SS&C Technologies
SSNC
$19.5B
| $3.97M | 0.04% |
180,724
+124,006
| +219% | +$2.74M |
|
|
SJR
439
DELISTED
Shaw Communications Inc.
SJR
| $3.96M | 0.04% |
161,818
+88,322
| +120% | +$2.23M |
|
440
MSC Industrial Direct
MSM
$6.69B
| $3.94M | 0.04% |
+46,109
| New | +$4.11M |
|
441
General Mills
GIS
$21.4B
| $3.91M | 0.04% |
77,549
-631,803
| -89% | -$33.1M |
|
442
Simpson Manufacturing
SSD
$7.74B
| $3.9M | 0.04% |
133,958
-204,135
| -60% | -$6.61M |
|
|
WCC
443
WESCO International
WCC
$17B
| $3.9M | 0.04% |
49,885
-286,390
| -85% | -$23.7M |
|
444
McDonald's
MCD
$192B
| $3.9M | 0.04% |
41,129
-11,408
| -22% | -$1.09M |
|
445
Starbucks
SBUX
$122B
| $3.9M | 0.04% |
+103,286
| New | +$3.99M |
|
446
Deluxe
DLX
$1.08B
| $3.86M | 0.04% |
70,022
-119,530
| -63% | -$6.89M |
|
|
SIAL
447
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $3.86M | 0.04% |
28,392
-11,361
| -29% | -$1.21M |
|
448
LCI Industries
LCII
$2.48B
| $3.84M | 0.04% |
91,109
-49,784
| -35% | -$2.26M |
|
449
GSK
GSK
$105B
| $3.84M | 0.04% |
66,770
-52
| -0.1% | -$3.19K |
|
|
SEE
450
DELISTED
Sealed Air
SEE
| $3.81M | 0.04% |
109,094
-179,777
| -62% | -$6.22M |
|
Similar funds
Joel Greenblatt's Q3 2014 Portfolio in Review
As of Q3 2014, Joel Greenblatt held 1,164 positions worth $10.1B, up 26% from $7.99B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $2.32B of net new capital in Q3 2014, opening 184 new positions and adding to 372 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Time Warner Inc, an estimated $41.2M trimmed.
- Joel Greenblatt's largest Q3 2014 buy was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
- Joel Greenblatt added most to Bunge Global in Q3 2014, an estimated $71M increase.
- Joel Greenblatt's biggest Q3 2014 reduction was Time Warner Inc, cutting an estimated $41.2M.
- Joel Greenblatt fully exited Intuit in Q3 2014, selling an estimated $37.1M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $10.1B portfolio in Q3 2014.
- Joel Greenblatt opened 184 new positions and closed 194 in Q3 2014.
- Joel Greenblatt's portfolio value rose 26% quarter-over-quarter to $10.1B.
Based on Gotham Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.