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 |
Snowflake
SNOW
|
+$70.2M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$41.9M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39.1M |
| 4 |
Adobe
ADBE
|
+$12.8M |
| 5 |
Centene
CNC
|
+$9.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$12.1M |
| 2 |
Intuit
INTU
|
+$10.8M |
| 3 |
Oracle
ORCL
|
+$7.36M |
| 4 |
Marathon Petroleum
MPC
|
+$6.57M |
| 5 |
TJX Companies
TJX
|
+$6.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.15% |
| 2 | Healthcare | 12.06% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 9.54% |
| 5 | Financials | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Exelon
EXC
$45.1B
| $12.5M | 0.37% |
333,698
-100,138
| -23% | -$4.43M |
|
27
Bristol-Myers Squibb
BMY
$137B
| $12.2M | 0.36% |
171,386
+45,754
| +36% | +$3.32M |
|
28
General Dynamics
GD
$104B
| $12.2M | 0.36% |
57,348
-16,318
| -22% | -$3.69M |
|
29
Qualcomm
QCOM
$169B
| $12M | 0.36% |
106,323
-46,134
| -30% | -$6.34M |
|
30
CF Industries
CF
$19.6B
| $11.8M | 0.35% |
122,940
-8,262
| -6% | -$806K |
|
31
McDonald's
MCD
$192B
| $11.7M | 0.35% |
50,491
+21,789
| +76% | +$5.57M |
|
32
Applied Materials
AMAT
$391B
| $11.6M | 0.35% |
141,385
+33,641
| +31% | +$3.24M |
|
33
UnitedHealth
UNH
$350B
| $11.5M | 0.34% |
22,748
-1,522
| -6% | -$800K |
|
|
34
Centene
CNC
$32.1B
| $11.3M | 0.34% |
144,646
+110,490
| +323% | +$9.87M |
|
35
Walt Disney
DIS
$186B
| $11.2M | 0.33% |
118,388
+74,890
| +172% | +$8.01M |
|
36
Vertex Pharmaceuticals
VRTX
$139B
| $10.9M | 0.33% |
37,607
+8,791
| +31% | +$2.53M |
|
37
Salesforce
CRM
$171B
| $10.8M | 0.32% |
74,826
+20,875
| +39% | +$3.54M |
|
38
Blackrock
BLK
$179B
| $10.3M | 0.31% |
18,802
+1,939
| +11% | +$1.27M |
|
39
Ford
F
$57.5B
| $10.2M | 0.3% |
907,745
+586,897
| +183% | +$8.21M |
|
40
Lockheed Martin
LMT
$130B
| $10.1M | 0.3% |
26,117
-1,333
| -5% | -$557K |
|
41
Netflix
NFLX
$331B
| $10M | 0.3% |
426,390
+82,900
| +24% | +$1.84M |
|
42
Abbott
ABT
$202B
| $9.95M | 0.3% |
102,865
-12,293
| -11% | -$1.31M |
|
43
The Mosaic Company
MOS
$7.76B
| $9.81M | 0.29% |
203,039
+120,459
| +146% | +$6.23M |
|
|
44
Oracle
ORCL
$422B
| $9.77M | 0.29% |
159,892
-100,495
| -39% | -$7.36M |
|
45
Qualys
QLYS
$6.3B
| $9.76M | 0.29% |
70,034
+65,952
| +1,616% | +$9.29M |
|
46
Cardinal Health
CAH
$53.4B
| $9.67M | 0.29% |
144,999
+138,227
| +2,041% | +$8.76M |
|
47
iShares Core MSCI EAFE ETF
IEFA
$195B
| $9.57M | 0.29% |
181,650
+34,610
| +24% | +$2.04M |
|
48
3M
MMM
$92.3B
| $9.56M | 0.29% |
103,513
+44,200
| +75% | +$4.85M |
|
49
ServiceNow
NOW
$133B
| $9.53M | 0.29% |
126,150
+21,755
| +21% | +$1.96M |
|
50
Mastercard
MA
$509B
| $9.4M | 0.28% |
33,056
-517
| -2% | -$171K |
|
Similar funds
Joel Greenblatt's Q3 2022 Portfolio in Review
As of Q3 2022, Joel Greenblatt held 1,300 positions worth $3.34B, up 7.2% from $3.11B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Joel Greenblatt deployed $425M of net new capital in Q3 2022, opening 196 new positions and adding to 563 existing holdings. Its largest new stake was Snowflake: 423,947 shares worth $72.1M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was PayPal, an estimated $12.1M trimmed.
- Joel Greenblatt's largest Q3 2022 buy was Snowflake: 423,947 shares worth $72.1M.
- Joel Greenblatt added most to iShares Core S&P 500 ETF in Q3 2022, an estimated $41.9M increase.
- Joel Greenblatt's biggest Q3 2022 reduction was PayPal, cutting an estimated $12.1M.
- Joel Greenblatt fully exited Warner Bros in Q3 2022, selling an estimated $6.45M.
- Joel Greenblatt's ten largest holdings make up 23% of its $3.34B portfolio in Q3 2022.
- Joel Greenblatt opened 196 new positions and closed 144 in Q3 2022.
- Joel Greenblatt's portfolio value rose 7.2% quarter-over-quarter to $3.34B.
Based on Gotham Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.