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 | |
|---|---|---|---|---|---|---|
26
Amgen
AMGN
$238B
| $56.2M | 0.55% |
406,106
-53,019
| -12% | -$8.36M |
|
27
Philip Morris
PM
$293B
| $55.8M | 0.54% |
703,749
+545,390
| +344% | +$44.9M |
|
|
DF
28
DELISTED
Dean Foods Company
DF
| $54.8M | 0.53% |
3,318,329
+1,223,393
| +58% | +$20.9M |
|
|
CNW
29
DELISTED
CON-WAY INC.
CNW
| $54.8M | 0.53% |
1,153,909
+582,643
| +102% | +$22.8M |
|
|
LPNT
30
DELISTED
LifePoint Health, Inc.
LPNT
| $54M | 0.53% |
761,980
+237,430
| +45% | +$19.3M |
|
31
Qualcomm
QCOM
$169B
| $53.9M | 0.53% |
1,002,370
-30,200
| -3% | -$1.79M |
|
32
Fossil Group
FOSL
$332M
| $53.1M | 0.52% |
950,482
+74,549
| +9% | +$4.73M |
|
|
CHS
33
DELISTED
Chicos FAS, Inc.
CHS
| $52.9M | 0.52% |
3,365,306
+483,356
| +17% | +$7.49M |
|
|
WFM
34
DELISTED
Whole Foods Market Inc
WFM
| $52.7M | 0.51% |
1,664,348
+961,605
| +137% | +$34M |
|
|
TW
35
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $52.7M | 0.51% |
448,671
+67,898
| +18% | +$8.41M |
|
|
GNC
36
DELISTED
GNC Holdings, Inc.
GNC
| $52.6M | 0.51% |
1,302,540
+783,145
| +151% | +$35.7M |
|
37
HP
HPQ
$27.2B
| $52.1M | 0.51% |
4,483,078
-759,223
| -14% | -$9.86M |
|
38
Harley-Davidson
HOG
$2.93B
| $52.1M | 0.51% |
949,636
+582,256
| +158% | +$32.8M |
|
39
McKesson
MCK
$100B
| $51.9M | 0.51% |
280,458
+50,576
| +22% | +$10.7M |
|
|
SVU
40
DELISTED
SUPERVALU Inc.
SVU
| $51.6M | 0.5% |
1,027,171
+229,477
| +29% | +$13.2M |
|
|
BIG
41
DELISTED
Big Lots, Inc.
BIG
| $51.4M | 0.5% |
1,072,774
-420,484
| -28% | -$18.7M |
|
42
Expeditors International
EXPD
$24.4B
| $51.4M | 0.5% |
1,091,519
+1,001,328
| +1,110% | +$47.3M |
|
|
GES
43
DELISTED
Guess Inc
GES
| $50.7M | 0.5% |
2,374,901
-141,953
| -6% | -$3.07M |
|
|
44
Lam Research
LRCX
$393B
| $50.7M | 0.5% |
7,764,490
+7,550,000
| +3,520% | +$55.3M |
|
45
Broadridge
BR
$20.8B
| $50.4M | 0.49% |
910,770
+385,985
| +74% | +$20.7M |
|
46
General Dynamics
GD
$104B
| $50.3M | 0.49% |
364,430
-16,315
| -4% | -$2.36M |
|
|
SNI
47
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $49.5M | 0.48% |
1,006,678
+768,574
| +323% | +$44.4M |
|
48
PACCAR
PCAR
$69B
| $49.2M | 0.48% |
1,414,524
+480,477
| +51% | +$19.5M |
|
49
eBay
EBAY
$46.3B
| $48.8M | 0.48% |
1,998,128
+1,852,044
| +1,268% | +$49.8M |
|
50
Travel + Leisure Co
TNL
$4.39B
| $48.7M | 0.48% |
1,500,802
+762,717
| +103% | +$27.4M |
|
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.