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 |
Verizon
VZ
|
+$56.8M |
| 2 |
RTX Corp
RTX
|
+$47.7M |
| 3 |
TE Connectivity
TEL
|
+$46.6M |
| 4 |
Emerson Electric
EMR
|
+$41.3M |
| 5 |
Archer Daniels Midland
ADM
|
+$40.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$52.8M |
| 2 |
Estee Lauder
EL
|
+$51.9M |
| 3 |
IBM
IBM
|
+$34M |
| 4 |
Pfizer
PFE
|
+$33.3M |
| 5 |
Aptiv
APTV
|
+$32.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.87% |
| 2 | Industrials | 18.46% |
| 3 | Consumer Discretionary | 15.92% |
| 4 | Healthcare | 15.14% |
| 5 | Consumer Staples | 11.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Angi Inc
ANGI
$200M
| $3.18M | 0.04% |
13,536
+12,080
| +830% | +$2.33M |
|
427
Cadence Design Systems
CDNS
$87.9B
| $3.18M | 0.04% |
70,077
-5,425
| -7% | -$247K |
|
428
Qualys
QLYS
$6.3B
| $3.16M | 0.04% |
35,512
+3,857
| +12% | +$347K |
|
|
CASA
429
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $3.14M | 0.04% |
212,954
-43,597
| -17% | -$663K |
|
|
DF
430
DELISTED
Dean Foods Company
DF
| $3.13M | 0.04% |
441,441
+14,925
| +3% | +$131K |
|
431
Delek US
DK
$4.38B
| $3.12M | 0.04% |
73,463
-263,276
| -78% | -$13M |
|
432
CMS Energy
CMS
$21.4B
| $3.1M | 0.04% |
63,212
+4,307
| +7% | +$210K |
|
|
KLXI
433
DELISTED
KLX Inc.
KLXI
| $3.09M | 0.04% |
+49,180
| New | +$3.03M |
|
434
ON Semiconductor
ON
$28.9B
| $3.06M | 0.04% |
165,792
-468,073
| -74% | -$10M |
|
435
Weyerhaeuser
WY
$17.6B
| $3.05M | 0.04% |
94,542
-77,891
| -45% | -$2.7M |
|
|
WEB
436
DELISTED
Web.com Group, Inc.
WEB
| $3.02M | 0.04% |
108,075
-67,564
| -38% | -$1.82M |
|
|
FTSI
437
DELISTED
FTS International, Inc. Common Stock
FTSI
| $2.91M | 0.04% |
12,354
+1,421
| +13% | +$338K |
|
438
Neurocrine Biosciences
NBIX
$15.5B
| $2.9M | 0.04% |
23,622
+16,209
| +219% | +$1.84M |
|
439
Universal Health Services
UHS
$10.4B
| $2.9M | 0.04% |
22,709
-79,422
| -78% | -$9.75M |
|
440
MSCI
MSCI
$41B
| $2.9M | 0.04% |
16,355
+10,705
| +189% | +$1.86M |
|
441
Visteon
VC
$2.83B
| $2.88M | 0.04% |
30,997
+5,292
| +21% | +$612K |
|
442
Restaurant Brands International
QSR
$28.2B
| $2.87M | 0.04% |
+48,348
| New | +$2.94M |
|
|
VGR
443
DELISTED
Vector Group Ltd.
VGR
| $2.86M | 0.04% |
307,754
+263,421
| +594% | +$2.87M |
|
|
SP
444
DELISTED
SP Plus Corporation
SP
| $2.85M | 0.04% |
78,126
-11,385
| -13% | -$439K |
|
|
MSGN
445
DELISTED
MSG Networks Inc.
MSGN
| $2.84M | 0.04% |
110,154
-43,135
| -28% | -$1.03M |
|
446
Franklin Templeton
BEN
$17.4B
| $2.84M | 0.04% |
93,395
-32,362
| -26% | -$1.04M |
|
|
HMSY
447
DELISTED
HMS Holdings Corp.
HMSY
| $2.83M | 0.04% |
86,201
+60,017
| +229% | +$1.74M |
|
448
DuPont de Nemours
DD
$18.7B
| $2.79M | 0.04% |
17,153
-58,747
| -77% | -$10.1M |
|
|
VAR
449
DELISTED
Varian Medical Systems, Inc.
VAR
| $2.73M | 0.04% |
24,432
-43,067
| -64% | -$4.87M |
|
450
Sinclair Inc
SBGI
$1.04B
| $2.73M | 0.04% |
+96,240
| New | +$2.74M |
|
Similar funds
Joel Greenblatt's Q3 2018 Portfolio in Review
As of Q3 2018, Joel Greenblatt held 1,078 positions worth $7.24B, up 4.6% from $6.92B the previous quarter. Its ten largest holdings account for 9.9% of the portfolio.
Joel Greenblatt's Q3 2018 filing shows 216 new, 317 increased, 380 reduced and 161 closed positions. Its largest new stake was Becton Dickinson: 106,829 shares worth $27.2M. The largest sale was Raytheon Company, an estimated $52.8M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q3 2018 buy was Becton Dickinson: 106,829 shares worth $27.2M.
- Joel Greenblatt added most to Verizon in Q3 2018, an estimated $56.8M increase.
- Joel Greenblatt's biggest Q3 2018 reduction was Raytheon Company, cutting an estimated $52.8M.
- Joel Greenblatt fully exited J.M. Smucker in Q3 2018, selling an estimated $30.5M.
- Joel Greenblatt's ten largest holdings make up 9.9% of its $7.24B portfolio in Q3 2018.
- Joel Greenblatt opened 216 new positions and closed 161 in Q3 2018.
- Joel Greenblatt's portfolio value rose 4.6% quarter-over-quarter to $7.24B.
Based on Gotham Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.