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 |
Intuit
INTU
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CELG
26
DELISTED
Celgene Corp
CELG
| $44.9M | 0.65% |
565,173
+176,203
| +45% | +$14.6M |
|
|
27
Automatic Data Processing
ADP
$112B
| $43.6M | 0.63% |
+324,877
| New | +$41.2M |
|
28
Boeing
BA
$169B
| $42.8M | 0.62% |
127,577
-26,197
| -17% | -$9.01M |
|
29
Kroger
KR
$35.5B
| $42.3M | 0.61% |
1,487,115
-369,676
| -20% | -$9.3M |
|
30
Seagate
STX
$193B
| $41.2M | 0.6% |
729,044
+357,605
| +96% | +$20.7M |
|
31
Texas Instruments
TXN
$241B
| $41M | 0.59% |
372,147
-125,841
| -25% | -$13.6M |
|
32
Meta Platforms (Facebook)
META
$1.4T
| $40.9M | 0.59% |
210,241
-130,058
| -38% | -$23.5M |
|
33
Colgate-Palmolive
CL
$72.6B
| $40.3M | 0.58% |
621,886
+449,964
| +262% | +$29.4M |
|
34
Kraft Heinz
KHC
$30.3B
| $38.6M | 0.56% |
613,851
+156,720
| +34% | +$9.3M |
|
|
PARA
35
DELISTED
Paramount Global Class B
PARA
| $37.7M | 0.54% |
670,218
+104,309
| +18% | +$5.45M |
|
36
eBay
EBAY
$46.3B
| $37.1M | 0.54% |
1,021,855
+625,590
| +158% | +$24.3M |
|
37
AbbVie
ABBV
$468B
| $36.1M | 0.52% |
389,799
-55,015
| -12% | -$5.37M |
|
|
WBA
38
DELISTED
Walgreens Boots Alliance
WBA
| $35.1M | 0.51% |
584,157
+189,477
| +48% | +$12.2M |
|
39
Honeywell
HON
$68.4B
| $35M | 0.51% |
268,737
-107,218
| -29% | -$14.3M |
|
40
Zoetis
ZTS
$32.1B
| $34.9M | 0.5% |
409,857
+41,578
| +11% | +$3.51M |
|
41
ExxonMobil
XOM
$679B
| $34.7M | 0.5% |
418,872
+329,294
| +368% | +$26.2M |
|
|
42
Parker-Hannifin
PH
$126B
| $34.6M | 0.5% |
+221,746
| New | +$37.8M |
|
43
Illinois Tool Works
ITW
$80.4B
| $34.5M | 0.5% |
249,059
+105,689
| +74% | +$15.6M |
|
44
Expeditors International
EXPD
$24.4B
| $33.7M | 0.49% |
461,023
-36,868
| -7% | -$2.58M |
|
|
ESRX
45
DELISTED
Express Scripts Holding Company
ESRX
| $33.1M | 0.48% |
429,168
-339,755
| -44% | -$25.5M |
|
46
Aptiv
APTV
$10B
| $33.1M | 0.48% |
361,355
-221,910
| -38% | -$20.7M |
|
47
Lowe's Companies
LOW
$121B
| $32M | 0.46% |
334,394
+306,160
| +1,084% | +$27.7M |
|
48
Yum! Brands
YUM
$41.8B
| $31.8M | 0.46% |
406,944
-54,895
| -12% | -$4.58M |
|
49
Sysco
SYY
$40.2B
| $31.4M | 0.45% |
460,525
+93,072
| +25% | +$5.95M |
|
50
AutoZone
AZO
$48.3B
| $30.8M | 0.44% |
45,834
+4,702
| +11% | +$3.03M |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.