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 |
General Dynamics
GD
|
+$58M |
| 2 |
Wells Fargo
WFC
|
+$39.8M |
| 3 |
Northrop Grumman
NOC
|
+$39.6M |
| 4 |
Pfizer
PFE
|
+$37.2M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.8M |
| 2 |
Cigna
CI
|
+$42M |
| 3 |
Altria Group
MO
|
+$28.5M |
| 4 |
Philip Morris
PM
|
+$28.3M |
| 5 |
Parker-Hannifin
PH
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Industrials | 18.96% |
| 3 | Consumer Discretionary | 15.28% |
| 4 | Healthcare | 13.64% |
| 5 | Consumer Staples | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Jazz Pharmaceuticals
JAZZ
$16.5B
| $3.07M | 0.05% |
21,498
-18,055
| -46% | -$2.35M |
|
427
Sinclair Inc
SBGI
$1.04B
| $3.07M | 0.05% |
79,859
+25,258
| +46% | +$846K |
|
428
Omnicell
OMCL
$1.62B
| $3.06M | 0.04% |
+37,879
| New | +$2.84M |
|
429
Ecolab
ECL
$78.9B
| $3.06M | 0.04% |
+17,327
| New | +$2.81M |
|
|
NAV.PRD
430
DELISTED
Navistar International Corporation Cumulative Convertible Junior Preference Stock, Series D
NAV.PRD
| $3M | 0.04% |
92,758
+47,691
| +106% | +$1.16M |
|
431
Invesco
IVZ
$14.1B
| $2.98M | 0.04% |
154,237
-1,002
| -0.6% | -$18.7K |
|
432
Gildan
GIL
$10.4B
| $2.96M | 0.04% |
82,270
+58,689
| +249% | +$2.01M |
|
433
Supernus Pharmaceuticals
SUPN
$2.67B
| $2.95M | 0.04% |
84,265
+44,913
| +114% | +$1.67M |
|
434
Cadence Design Systems
CDNS
$87.9B
| $2.94M | 0.04% |
46,370
+23,507
| +103% | +$1.25M |
|
435
Cencora
COR
$60.7B
| $2.92M | 0.04% |
36,713
+29,488
| +408% | +$2.37M |
|
436
Delek US
DK
$4.38B
| $2.92M | 0.04% |
80,133
-89,992
| -53% | -$3.06M |
|
|
SEE
437
DELISTED
Sealed Air
SEE
| $2.91M | 0.04% |
63,229
+23,666
| +60% | +$982K |
|
438
ScottsMiracle-Gro
SMG
$3.55B
| $2.89M | 0.04% |
36,805
-147,268
| -80% | -$11.1M |
|
|
MNK
439
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $2.86M | 0.04% |
131,710
+58,013
| +79% | +$1.24M |
|
440
Builders FirstSource
BLDR
$7.55B
| $2.84M | 0.04% |
213,079
+79,512
| +60% | +$1.04M |
|
441
Helix Energy Solutions
HLX
$1.53B
| $2.84M | 0.04% |
359,184
+3,861
| +1% | +$27.7K |
|
|
ECHO
442
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.82M | 0.04% |
113,639
+47,241
| +71% | +$1.11M |
|
443
Sherwin-Williams
SHW
$84.1B
| $2.81M | 0.04% |
19,593
+5,076
| +35% | +$706K |
|
444
Southern Company
SO
$102B
| $2.81M | 0.04% |
54,375
-248,052
| -82% | -$12.2M |
|
445
Owens Corning
OC
$11.7B
| $2.81M | 0.04% |
59,582
-56,891
| -49% | -$2.78M |
|
446
Salesforce
CRM
$171B
| $2.81M | 0.04% |
17,725
+11,635
| +191% | +$1.8M |
|
447
Amdocs
DOX
$6.41B
| $2.8M | 0.04% |
+51,810
| New | +$2.91M |
|
448
Allegion
ALLE
$13.8B
| $2.79M | 0.04% |
30,729
+27,170
| +763% | +$2.36M |
|
449
Commault Systems
CVLT
$5.55B
| $2.79M | 0.04% |
43,020
+11,160
| +35% | +$721K |
|
450
Affiliated Managers Group
AMG
$9.21B
| $2.78M | 0.04% |
25,923
+10,304
| +66% | +$1.09M |
|
Similar funds
Joel Greenblatt's Q1 2019 Portfolio in Review
As of Q1 2019, Joel Greenblatt held 1,284 positions worth $6.83B, up 6.1% from $6.44B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $437M in Q1 2019, closing 124 positions and reducing 485 holdings. Its most notable exit was Cigna, an estimated $42M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in General Dynamics worth $58.2M.
- Joel Greenblatt's largest Q1 2019 buy was General Dynamics: 343,980 shares worth $58.2M.
- Joel Greenblatt added most to Wells Fargo in Q1 2019, an estimated $39.8M increase.
- Joel Greenblatt's biggest Q1 2019 reduction was RTX Corp, cutting an estimated $59.8M.
- Joel Greenblatt fully exited Cigna in Q1 2019, selling an estimated $42M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.83B portfolio in Q1 2019.
- Joel Greenblatt opened 319 new positions and closed 124 in Q1 2019.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $6.83B.
Based on Gotham Asset Management's 13F filing for Q1 2019, filed 15 May 2019.