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 |
Bunge Global
BG
|
+$71M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$62.1M |
| 3 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.3M |
| 4 |
Abercrombie & Fitch
ANF
|
+$57M |
| 5 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$41.2M |
| 2 |
Whirlpool
WHR
|
+$39.9M |
| 3 |
Lockheed Martin
LMT
|
+$37.9M |
| 4 |
Intuit
INTU
|
+$37.1M |
| 5 |
United Therapeutics
UTHR
|
+$36.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.05% |
| 2 | Technology | 20.56% |
| 3 | Consumer Discretionary | 18.37% |
| 4 | Healthcare | 13.15% |
| 5 | Consumer Staples | 12.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
AMN Healthcare
AMN
$1.33B
| $3.09M | 0.03% |
196,841
-264,042
| -57% | -$3.76M |
|
477
Paychex
PAYX
$44.3B
| $3.07M | 0.03% |
69,465
-587,973
| -89% | -$24.7M |
|
478
Booking.com
BKNG
$158B
| $3.04M | 0.03% |
+65,600
| New | +$3.23M |
|
479
The Greenbrier Companies
GBX
$1.42B
| $3.03M | 0.03% |
41,297
+35,383
| +598% | +$2.42M |
|
480
Interparfums
IPAR
$3.7B
| $3.01M | 0.03% |
109,368
+97,706
| +838% | +$2.76M |
|
481
AZZ Inc
AZZ
$4.25B
| $2.99M | 0.03% |
+71,555
| New | +$3.26M |
|
|
PNRA
482
DELISTED
Panera Bread Co
PNRA
| $2.97M | 0.03% |
18,252
-51,900
| -74% | -$7.83M |
|
483
Stride
LRN
$3.51B
| $2.96M | 0.03% |
185,268
+161,267
| +672% | +$3.27M |
|
484
Alcoa
AA
$13.7B
| $2.94M | 0.03% |
76,059
-43,389
| -36% | -$1.7M |
|
485
Fabrinet
FN
$15.6B
| $2.93M | 0.03% |
200,411
-210,660
| -51% | -$3.67M |
|
|
BWLD
486
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $2.9M | 0.03% |
21,577
+16,338
| +312% | +$2.42M |
|
487
The GEO Group
GEO
$4.31B
| $2.89M | 0.03% |
113,487
+87,729
| +341% | +$2.14M |
|
|
IPG
488
DELISTED
Interpublic Group of Companies
IPG
| $2.88M | 0.03% |
157,051
+140,879
| +871% | +$2.73M |
|
489
Strategic Education
STRA
$1.85B
| $2.87M | 0.03% |
47,954
-13,076
| -21% | -$738K |
|
|
FWLT
490
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $2.87M | 0.03% |
90,756
+6,015
| +7% | +$197K |
|
|
CPLA
491
DELISTED
Capella Education Company
CPLA
| $2.86M | 0.03% |
45,668
-43,798
| -49% | -$2.73M |
|
492
ON Semiconductor
ON
$28.9B
| $2.85M | 0.03% |
318,392
-278,248
| -47% | -$2.57M |
|
|
STR
493
DELISTED
QUESTAR CORP
STR
| $2.84M | 0.03% |
+127,580
| New | +$2.94M |
|
494
Honeywell
HON
$68.4B
| $2.83M | 0.03% |
33,800
-204,473
| -86% | -$17.4M |
|
495
ConocoPhillips
COP
$162B
| $2.77M | 0.03% |
+36,167
| New | +$2.96M |
|
496
Kirby Corp
KEX
$7.39B
| $2.74M | 0.03% |
23,263
-665
| -3% | -$79.2K |
|
497
Franklin Templeton
BEN
$17.4B
| $2.74M | 0.03% |
+50,147
| New | +$2.81M |
|
498
PACCAR
PCAR
$69B
| $2.7M | 0.03% |
71,120
+56,258
| +379% | +$2.34M |
|
499
Halliburton
HAL
$29.4B
| $2.68M | 0.03% |
41,498
+28,493
| +219% | +$1.95M |
|
500
Choice Hotels
CHH
$4.93B
| $2.68M | 0.03% |
51,453
-51,603
| -50% | -$2.61M |
|
Similar funds
Joel Greenblatt's Q3 2014 Portfolio in Review
As of Q3 2014, Joel Greenblatt held 1,164 positions worth $10.1B, up 26% from $7.99B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $2.32B of net new capital in Q3 2014, opening 184 new positions and adding to 372 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Time Warner Inc, an estimated $41.2M trimmed.
- Joel Greenblatt's largest Q3 2014 buy was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
- Joel Greenblatt added most to Bunge Global in Q3 2014, an estimated $71M increase.
- Joel Greenblatt's biggest Q3 2014 reduction was Time Warner Inc, cutting an estimated $41.2M.
- Joel Greenblatt fully exited Intuit in Q3 2014, selling an estimated $37.1M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $10.1B portfolio in Q3 2014.
- Joel Greenblatt opened 184 new positions and closed 194 in Q3 2014.
- Joel Greenblatt's portfolio value rose 26% quarter-over-quarter to $10.1B.
Based on Gotham Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.