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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Steris
STE
$23.2B
| $3.98M | 0.04% |
61,303
-434,498
| -88% | -$28.7M |
|
452
AbbVie
ABBV
$468B
| $3.97M | 0.04% |
73,037
+39,432
| +117% | +$2.57M |
|
453
Deere & Co
DE
$175B
| $3.89M | 0.04% |
52,529
-77,088
| -59% | -$6.78M |
|
454
Group 1 Automotive
GPI
$3.12B
| $3.83M | 0.04% |
+44,968
| New | +$4.05M |
|
455
Saic
SAIC
$5.41B
| $3.82M | 0.04% |
95,043
-593,309
| -86% | -$28.8M |
|
|
AVG
456
DELISTED
AVG Technologies N.V.
AVG
| $3.81M | 0.04% |
175,410
-97,621
| -36% | -$2.48M |
|
457
Amkor Technology
AMKR
$12.5B
| $3.8M | 0.04% |
+846,570
| New | +$4.16M |
|
|
LHCG
458
DELISTED
LHC Group LLC
LHCG
| $3.74M | 0.04% |
+83,594
| New | +$3.67M |
|
459
NETSCOUT
NTCT
$2.8B
| $3.74M | 0.04% |
105,808
-448,247
| -81% | -$17M |
|
|
BMS
460
DELISTED
Bemis
BMS
| $3.73M | 0.04% |
94,246
+79,815
| +553% | +$3.5M |
|
461
C.H. Robinson
CHRW
$16.5B
| $3.68M | 0.04% |
54,316
+29,986
| +123% | +$2.01M |
|
462
Labcorp
LH
$27.3B
| $3.66M | 0.04% |
39,302
-54,981
| -58% | -$5.69M |
|
463
Dillards
DDS
$9.71B
| $3.66M | 0.04% |
41,844
-375,293
| -90% | -$36.3M |
|
|
WCG
464
DELISTED
Wellcare Health Plans, Inc.
WCG
| $3.61M | 0.04% |
41,890
+37,932
| +958% | +$3.32M |
|
|
ILG
465
DELISTED
ILG, Inc Common Stock
ILG
| $3.57M | 0.03% |
194,345
-87,628
| -31% | -$1.81M |
|
466
Honeywell
HON
$68.4B
| $3.56M | 0.03% |
41,799
+11,538
| +38% | +$1.05M |
|
467
GameStop
GME
$8.17B
| $3.53M | 0.03% |
342,872
-2,199,224
| -87% | -$24.4M |
|
468
DaVita
DVA
$11.1B
| $3.5M | 0.03% |
+48,381
| New | +$3.75M |
|
469
Jazz Pharmaceuticals
JAZZ
$16.5B
| $3.41M | 0.03% |
25,672
+22,107
| +620% | +$3.81M |
|
470
World Kinect Corp
WKC
$1.84B
| $3.33M | 0.03% |
93,166
+84,642
| +993% | +$3.52M |
|
471
ABM Industries
ABM
$2.74B
| $3.3M | 0.03% |
+120,829
| New | +$3.82M |
|
472
Globus Medical
GMED
$11.7B
| $3.3M | 0.03% |
159,743
-25,471
| -14% | -$645K |
|
473
Standex International
SXI
$3.76B
| $3.3M | 0.03% |
+43,767
| New | +$3.35M |
|
|
CVC
474
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $3.29M | 0.03% |
101,347
-46,393
| -31% | -$1.26M |
|
475
Genesco
GCO
$390M
| $3.29M | 0.03% |
57,621
-203,606
| -78% | -$12.6M |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.