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
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NE
476
DELISTED
Noble Corporation
NE
| $2.52M | 0.04% |
+695,437
| New | +$3.2M |
|
477
Bank of America
BAC
$436B
| $2.52M | 0.04% |
103,664
+57,960
| +127% | +$1.35M |
|
478
Eldorado Gold
EGO
$11.9B
| $2.52M | 0.04% |
190,564
-8,681
| -4% | -$141K |
|
479
Globus Medical
GMED
$11.4B
| $2.51M | 0.04% |
75,721
+15,200
| +25% | +$477K |
|
480
RB Global
RBA
$15.7B
| $2.5M | 0.04% |
87,134
-51,451
| -37% | -$1.6M |
|
|
SNOW
481
DELISTED
Intrawest Resorts Holdings, Inc.
SNOW
| $2.48M | 0.03% |
+104,354
| New | +$2.48M |
|
482
APA Corp
APA
$14.8B
| $2.46M | 0.03% |
51,234
+5,575
| +12% | +$275K |
|
483
Buckle
BKE
$2.29B
| $2.44M | 0.03% |
136,949
-205,989
| -60% | -$3.67M |
|
484
Scholastic
SCHL
$760M
| $2.42M | 0.03% |
55,549
+2,436
| +5% | +$105K |
|
485
WEC Energy
WEC
$34.8B
| $2.41M | 0.03% |
+39,194
| New | +$2.42M |
|
486
Lear
LEA
$8.28B
| $2.4M | 0.03% |
16,922
-9,349
| -36% | -$1.32M |
|
|
IMMU
487
DELISTED
Immunomedics Inc
IMMU
| $2.39M | 0.03% |
+270,496
| New | +$1.9M |
|
488
DaVita
DVA
$11.2B
| $2.34M | 0.03% |
36,084
-321,124
| -90% | -$21.3M |
|
489
Aramark
ARMK
$15.6B
| $2.34M | 0.03% |
78,944
+50,252
| +175% | +$1.38M |
|
490
Middleby
MIDD
$5.18B
| $2.32M | 0.03% |
19,058
-9,872
| -34% | -$1.3M |
|
491
Grand Canyon Education
LOPE
$3.92B
| $2.29M | 0.03% |
+29,224
| New | +$2.24M |
|
|
DF
492
DELISTED
Dean Foods Company
DF
| $2.29M | 0.03% |
134,687
+23,219
| +21% | +$435K |
|
493
Amphenol
APH
$189B
| $2.29M | 0.03% |
123,836
-51,016
| -29% | -$931K |
|
|
TIVO
494
DELISTED
Tivo Inc
TIVO
| $2.28M | 0.03% |
122,389
-70,380
| -37% | -$1.28M |
|
|
MTOR
495
DELISTED
MERITOR, Inc.
MTOR
| $2.28M | 0.03% |
137,184
-16,797
| -11% | -$276K |
|
496
Diodes
DIOD
$4.16B
| $2.27M | 0.03% |
94,421
+54,753
| +138% | +$1.35M |
|
|
MDR
497
DELISTED
McDermott International
MDR
| $2.25M | 0.03% |
104,838
-40,583
| -28% | -$794K |
|
498
Bruker
BRKR
$8.73B
| $2.24M | 0.03% |
77,652
+28,931
| +59% | +$745K |
|
499
Central Garden & Pet Co Class A
CENTA
$2.42B
| $2.24M | 0.03% |
93,153
-17,215
| -16% | -$440K |
|
500
Chevron
CVX
$397B
| $2.2M | 0.03% |
21,050
+9,119
| +76% | +$966K |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.