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 | |
|---|---|---|---|---|---|---|
|
CCMP
426
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $2.89M | 0.04% |
26,843
+21,564
| +408% | +$2.37M |
|
|
HRC
427
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $2.83M | 0.04% |
32,408
-28,668
| -47% | -$2.55M |
|
428
Arthur J. Gallagher & Co
AJG
$67.6B
| $2.82M | 0.04% |
43,261
+39,759
| +1,135% | +$2.69M |
|
429
CMS Energy
CMS
$21.4B
| $2.79M | 0.04% |
+58,905
| New | +$2.66M |
|
|
NE
430
DELISTED
Noble Corporation
NE
| $2.76M | 0.04% |
435,784
+399,589
| +1,104% | +$2.05M |
|
431
Modine Manufacturing
MOD
$10.5B
| $2.75M | 0.04% |
150,667
+33,062
| +28% | +$621K |
|
432
Wyndham Hotels & Resorts
WH
$5.54B
| $2.74M | 0.04% |
+46,551
| New | +$2.87M |
|
433
Steris
STE
$23.2B
| $2.68M | 0.04% |
25,557
+9,227
| +57% | +$928K |
|
|
TECD
434
DELISTED
Tech Data Corp
TECD
| $2.68M | 0.04% |
32,590
-22,157
| -40% | -$1.82M |
|
435
Qualys
QLYS
$6.3B
| $2.67M | 0.04% |
31,655
+26,089
| +469% | +$2.1M |
|
436
CarMax
KMX
$8.82B
| $2.66M | 0.04% |
+36,491
| New | +$2.44M |
|
|
MCRN
437
DELISTED
Milacron Holdings Corp.
MCRN
| $2.65M | 0.04% |
140,111
+111,191
| +384% | +$2.19M |
|
438
Cavco Industries
CVCO
$4.48B
| $2.65M | 0.04% |
12,760
+4,934
| +63% | +$927K |
|
439
Cimpress
CMPR
$2.13B
| $2.64M | 0.04% |
18,199
+4,843
| +36% | +$701K |
|
440
Deere & Co
DE
$175B
| $2.63M | 0.04% |
18,830
-132,759
| -88% | -$19.6M |
|
|
TVTY
441
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $2.62M | 0.04% |
74,351
+28,227
| +61% | +$1.04M |
|
442
Cenovus Energy
CVE
$60.7B
| $2.62M | 0.04% |
252,068
-330,605
| -57% | -$3.33M |
|
443
Toro Company
TTC
$9.47B
| $2.62M | 0.04% |
+43,403
| New | +$2.62M |
|
|
GRUB
444
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $2.61M | 0.04% |
+12,425
| New | +$2.57M |
|
445
Energizer
ENR
$1.47B
| $2.56M | 0.04% |
40,643
-121,589
| -75% | -$7.15M |
|
446
Weis Markets
WMK
$1.76B
| $2.55M | 0.04% |
47,875
+19,838
| +71% | +$981K |
|
|
ETFC
447
DELISTED
E*Trade Financial Corporation
ETFC
| $2.55M | 0.04% |
41,655
+34,539
| +485% | +$2.14M |
|
448
Western Digital
WDC
$166B
| $2.53M | 0.04% |
43,192
-219,724
| -84% | -$14M |
|
449
CBRE Group
CBRE
$44B
| $2.52M | 0.04% |
52,891
-7,241
| -12% | -$342K |
|
450
Core Laboratories
CLB
$574M
| $2.51M | 0.04% |
+19,895
| New | +$2.42M |
|
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.