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 |
Hewlett Packard
HPE
|
+$62.1M |
| 2 |
Walt Disney
DIS
|
+$54.6M |
| 3 |
Danaher
DHR
|
+$47.7M |
| 4 |
Home Depot
HD
|
+$46.1M |
| 5 |
Applied Materials
AMAT
|
+$39.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.4M |
| 2 |
IM
Ingram Micro
IM
|
+$51M |
| 3 |
FIT
Fitbit, Inc. Class A common stock
FIT
|
+$44.5M |
| 4 |
Western Digital
WDC
|
+$44.3M |
| 5 |
Zimmer Biomet
ZBH
|
+$44.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.28% |
| 2 | Industrials | 20.14% |
| 3 | Consumer Discretionary | 17.92% |
| 4 | Healthcare | 16.75% |
| 5 | Consumer Staples | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Kennametal
KMT
$2.23B
| $2.69M | 0.04% |
92,878
-952,199
| -91% | -$25.2M |
|
452
Paychex
PAYX
$44.9B
| $2.59M | 0.03% |
44,773
+17,694
| +65% | +$1.06M |
|
453
National Beverage
FIZZ
$3.08B
| $2.59M | 0.03% |
+117,552
| New | +$3.16M |
|
|
FINL
454
DELISTED
Finish Line
FINL
| $2.58M | 0.03% |
111,623
+69,332
| +164% | +$1.57M |
|
455
Cooper Companies
COO
$14.8B
| $2.57M | 0.03% |
+57,336
| New | +$2.61M |
|
456
Matsons
MATX
$6.67B
| $2.56M | 0.03% |
64,322
+11,429
| +22% | +$424K |
|
457
Prestige Consumer Healthcare
PBH
$2.49B
| $2.54M | 0.03% |
52,589
+34,910
| +197% | +$1.77M |
|
458
Advanced Drainage Systems
WMS
$10.7B
| $2.54M | 0.03% |
105,396
-58,965
| -36% | -$1.5M |
|
459
Mohawk Industries
MHK
$9.18B
| $2.48M | 0.03% |
+12,397
| New | +$2.55M |
|
|
RATE
460
DELISTED
Bankrate Inc
RATE
| $2.47M | 0.03% |
290,865
-129,383
| -31% | -$1.03M |
|
|
LDL
461
DELISTED
Lydall, Inc.
LDL
| $2.45M | 0.03% |
47,867
-621
| -1% | -$29.1K |
|
462
Cigna
CI
$73.5B
| $2.44M | 0.03% |
18,684
+6,765
| +57% | +$883K |
|
|
TRCO
463
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $2.44M | 0.03% |
+66,670
| New | +$2.53M |
|
464
Winnebago Industries
WGO
$904M
| $2.43M | 0.03% |
103,103
+87,448
| +559% | +$2.04M |
|
465
WEX
WEX
$6.89B
| $2.42M | 0.03% |
+22,436
| New | +$2.2M |
|
466
Elevance Health
ELV
$87B
| $2.42M | 0.03% |
19,304
-15,465
| -44% | -$2M |
|
467
Nabors Industries
NBR
$1.29B
| $2.41M | 0.03% |
3,969
-3,131
| -44% | -$1.54M |
|
468
Adeia
ADEA
$2.9B
| $2.41M | 0.03% |
237,131
-857,126
| -78% | -$7.52M |
|
|
CPLA
469
DELISTED
Capella Education Company
CPLA
| $2.36M | 0.03% |
40,702
-29,117
| -42% | -$1.7M |
|
470
Central Garden & Pet Co Class A
CENTA
$2.42B
| $2.35M | 0.03% |
+118,571
| New | +$2.25M |
|
471
Ironwood Pharmaceuticals
IRWD
$689M
| $2.35M | 0.03% |
176,683
+16,901
| +11% | +$198K |
|
472
Open Text
OTEX
$5.98B
| $2.33M | 0.03% |
72,008
-77,928
| -52% | -$2.43M |
|
473
Heartland Express
HTLD
$963M
| $2.33M | 0.03% |
123,211
-48,856
| -28% | -$916K |
|
|
ECOL
474
DELISTED
US Ecology, Inc.
ECOL
| $2.3M | 0.03% |
51,356
-113,521
| -69% | -$5.12M |
|
475
Hormel Foods
HRL
$13.2B
| $2.28M | 0.03% |
60,192
-158,106
| -72% | -$5.87M |
|
Similar funds
Joel Greenblatt's Q3 2016 Portfolio in Review
As of Q3 2016, Joel Greenblatt held 1,152 positions worth $7.68B, down 7.9% from $8.34B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Joel Greenblatt withdrew a net $1.05B in Q3 2016, closing 241 positions and reducing 391 holdings. Its most notable exit was Western Digital, an estimated $44.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Danaher worth $46.7M.
- Joel Greenblatt's largest Q3 2016 buy was Danaher: 672,395 shares worth $46.7M.
- Joel Greenblatt added most to Hewlett Packard in Q3 2016, an estimated $62.1M increase.
- Joel Greenblatt's biggest Q3 2016 reduction was RTX Corp, cutting an estimated $59.4M.
- Joel Greenblatt fully exited Western Digital in Q3 2016, selling an estimated $44.3M.
- Joel Greenblatt's ten largest holdings make up 9.6% of its $7.68B portfolio in Q3 2016.
- Joel Greenblatt opened 218 new positions and closed 241 in Q3 2016.
- Joel Greenblatt's portfolio value fell 7.9% quarter-over-quarter to $7.68B.
Based on Gotham Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.