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 | |
|---|---|---|---|---|---|---|
426
Columbia Sportswear
COLM
$3.09B
| $3.54M | 0.05% |
61,005
-27,424
| -31% | -$1.55M |
|
|
ALXN
427
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.53M | 0.05% |
29,020
+7,570
| +35% | +$881K |
|
428
Quad
QUAD
$532M
| $3.52M | 0.05% |
153,492
-82,568
| -35% | -$1.96M |
|
|
AVX
429
DELISTED
AVX Corporation
AVX
| $3.52M | 0.05% |
215,322
-38,145
| -15% | -$629K |
|
|
TBI
430
Trueblue
TBI
$323M
| $3.5M | 0.05% |
132,257
-34,628
| -21% | -$924K |
|
431
Cheesecake Factory
CAKE
$5.64B
| $3.5M | 0.05% |
69,549
+16,452
| +31% | +$971K |
|
|
CCMP
432
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $3.42M | 0.05% |
46,316
-728
| -2% | -$55.1K |
|
|
CERN
433
DELISTED
Cerner Corp
CERN
| $3.4M | 0.05% |
51,095
-154,046
| -75% | -$9.84M |
|
|
VIVO
434
DELISTED
Meridian Bioscience Inc
VIVO
| $3.37M | 0.05% |
214,227
-20,054
| -9% | -$289K |
|
435
Weyerhaeuser
WY
$17.6B
| $3.36M | 0.05% |
100,274
-3,241
| -3% | -$109K |
|
436
Sally Beauty Holdings
SBH
$1.55B
| $3.35M | 0.05% |
165,585
+81,061
| +96% | +$1.56M |
|
437
Ironwood Pharmaceuticals
IRWD
$709M
| $3.34M | 0.05% |
211,283
-222,200
| -51% | -$3.23M |
|
|
JWN
438
DELISTED
Nordstrom
JWN
| $3.33M | 0.05% |
69,530
-90,842
| -57% | -$4.13M |
|
439
Take-Two Interactive
TTWO
$44.8B
| $3.3M | 0.05% |
+44,959
| New | +$3.08M |
|
440
Johnson & Johnson
JNJ
$651B
| $3.3M | 0.05% |
24,933
-266,363
| -91% | -$34M |
|
441
Forward Air
FWRD
$612M
| $3.29M | 0.05% |
61,757
+22,786
| +58% | +$1.16M |
|
442
Tetra Tech
TTEK
$9.47B
| $3.27M | 0.05% |
357,130
+253,020
| +243% | +$2.25M |
|
|
ODP
443
DELISTED
ODP
ODP
| $3.26M | 0.05% |
57,876
-268,706
| -82% | -$13.8M |
|
|
DO
444
DELISTED
Diamond Offshore Drilling
DO
| $3.21M | 0.05% |
296,899
+42,117
| +17% | +$560K |
|
|
BCR
445
DELISTED
CR Bard Inc.
BCR
| $3.19M | 0.04% |
10,081
-2,350
| -19% | -$698K |
|
446
Teck Resources
TECK
$33.9B
| $3.17M | 0.04% |
+182,952
| New | +$3.5M |
|
447
Asbury Automotive
ABG
$3.86B
| $3.17M | 0.04% |
56,065
-37,374
| -40% | -$2.15M |
|
448
Moody's
MCO
$87.2B
| $3.15M | 0.04% |
25,904
+3,937
| +18% | +$461K |
|
449
Enovis
ENOV
$1.5B
| $3.14M | 0.04% |
+46,318
| New | +$3.16M |
|
450
Brookdale Senior Living
BKD
$2.82B
| $3.12M | 0.04% |
212,076
+197,806
| +1,386% | +$2.73M |
|
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.