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 |
Polaris
PII
|
+$76.1M |
| 2 |
Owens Corning
OC
|
+$54.4M |
| 3 |
Ford
F
|
+$54.3M |
| 4 |
USG
Usg
USG
|
+$52.1M |
| 5 |
Teradyne
TER
|
+$47.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$69.9M |
| 2 |
Parker-Hannifin
PH
|
+$60.7M |
| 3 |
Abbott
ABT
|
+$59.9M |
| 4 |
Micron Technology
MU
|
+$56.4M |
| 5 |
CNW
CON-WAY INC.
CNW
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 25.42% |
| 2 | Technology | 20.59% |
| 3 | Consumer Discretionary | 18.86% |
| 4 | Healthcare | 11.57% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JNPR
26
DELISTED
Juniper Networks
JNPR
| $52.2M | 0.57% |
1,891,425
-362,329
| -16% | -$10.7M |
|
|
USG
27
DELISTED
Usg
USG
| $51.4M | 0.56% |
+2,117,548
| New | +$52.1M |
|
28
United Therapeutics
UTHR
$22B
| $51.4M | 0.56% |
328,310
+27,105
| +9% | +$3.95M |
|
29
Travel + Leisure Co
TNL
$4.39B
| $51M | 0.55% |
1,554,361
+53,559
| +4% | +$1.85M |
|
30
KLA
KLAC
$240B
| $49.9M | 0.54% |
7,188,210
-2,532,570
| -26% | -$16.2M |
|
|
HA
31
DELISTED
Hawaiian Holdings, Inc.
HA
| $49.8M | 0.54% |
1,409,490
+107,212
| +8% | +$3.71M |
|
32
Landstar System
LSTR
$6.33B
| $48.9M | 0.53% |
833,112
+139,539
| +20% | +$8.6M |
|
33
Apple
AAPL
$4.51T
| $48.9M | 0.53% |
1,856,408
+529,220
| +40% | +$15.1M |
|
|
DF
34
DELISTED
Dean Foods Company
DF
| $48.5M | 0.53% |
2,829,212
-489,117
| -15% | -$8.81M |
|
|
LPNT
35
DELISTED
LifePoint Health, Inc.
LPNT
| $47M | 0.51% |
640,210
-121,770
| -16% | -$8.66M |
|
36
TD Synnex
SNX
$20B
| $47M | 0.51% |
1,044,398
+386,666
| +59% | +$17.9M |
|
37
Trinity Industries
TRN
$2.37B
| $46.5M | 0.5% |
2,686,398
+2,565,733
| +2,126% | +$47.6M |
|
|
EA
38
DELISTED
Electronic Arts
EA
| $46.4M | 0.5% |
675,148
-695,403
| -51% | -$48.8M |
|
39
Universal Health Services
UHS
$10.4B
| $45.9M | 0.5% |
383,841
+361,552
| +1,622% | +$44.2M |
|
40
Fluor
FLR
$7.01B
| $45.4M | 0.49% |
961,759
-578,235
| -38% | -$27.2M |
|
41
United Airlines
UAL
$36.7B
| $45.3M | 0.49% |
790,759
+247,910
| +46% | +$14.3M |
|
|
LCI
42
DELISTED
Lannett Company, Inc.
LCI
| $45M | 0.49% |
280,418
-69,045
| -20% | -$11.3M |
|
|
HZNP
43
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $45M | 0.49% |
+2,075,017
| New | +$40.4M |
|
44
Amgen
AMGN
$238B
| $44.9M | 0.49% |
276,751
-129,355
| -32% | -$20.3M |
|
45
Lincoln Electric
LECO
$15.4B
| $44.4M | 0.48% |
855,952
+142,200
| +20% | +$7.91M |
|
|
SVU
46
DELISTED
SUPERVALU Inc.
SVU
| $44.4M | 0.48% |
935,327
-91,844
| -9% | -$4.38M |
|
47
Coca-Cola Europacific Partners
CCEP
$47.7B
| $44.4M | 0.48% |
901,088
+873,711
| +3,191% | +$44M |
|
48
Carnival Corporation Ltd
CCL
$35.2B
| $44.3M | 0.48% |
814,032
+517,306
| +174% | +$26.8M |
|
49
Strategy Inc
MSTR
$47.4B
| $43M | 0.47% |
2,397,450
+396,330
| +20% | +$7.21M |
|
50
PACCAR
PCAR
$69B
| $42.7M | 0.46% |
1,351,980
-62,544
| -4% | -$2.13M |
|
Similar funds
Joel Greenblatt's Q4 2015 Portfolio in Review
As of Q4 2015, Joel Greenblatt held 1,109 positions worth $9.21B, down 10% from $10.2B the previous quarter. Its ten largest holdings account for 8% of the portfolio.
Joel Greenblatt withdrew a net $1.18B in Q4 2015, closing 256 positions and reducing 364 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $69.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Polaris worth $61.7M.
- Joel Greenblatt's largest Q4 2015 buy was Polaris: 717,618 shares worth $61.7M.
- Joel Greenblatt added most to Ford in Q4 2015, an estimated $54.3M increase.
- Joel Greenblatt's biggest Q4 2015 reduction was Parker-Hannifin, cutting an estimated $60.7M.
- Joel Greenblatt fully exited Twenty-First Century Fox, Inc. Class A in Q4 2015, selling an estimated $69.9M.
- Joel Greenblatt's ten largest holdings make up 8% of its $9.21B portfolio in Q4 2015.
- Joel Greenblatt opened 214 new positions and closed 256 in Q4 2015.
- Joel Greenblatt's portfolio value fell 10% quarter-over-quarter to $9.21B.
Based on Gotham Asset Management's 13F filing for Q4 2015, filed 16 Feb 2016.