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 |
Trane Technologies
TT
|
+$52.9M |
| 2 |
CVS Health
CVS
|
+$49.8M |
| 3 |
Booking.com
BKNG
|
+$46.8M |
| 4 |
Philip Morris
PM
|
+$42.5M |
| 5 |
Abbott
ABT
|
+$40.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hewlett Packard
HPE
|
+$82M |
| 2 |
Sysco
SYY
|
+$54.1M |
| 3 |
Marriott International
MAR
|
+$50.1M |
| 4 |
Automatic Data Processing
ADP
|
+$49.8M |
| 5 |
Walt Disney
DIS
|
+$48.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.86% |
| 2 | Technology | 19.39% |
| 3 | Healthcare | 17.75% |
| 4 | Consumer Discretionary | 16.26% |
| 5 | Consumer Staples | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TMX
501
DELISTED
Terminix Global Holdings, Inc.
TMX
| $2.12M | 0.03% |
84,072
+3,117
| +4% | +$76.5K |
|
502
Energizer
ENR
$1.47B
| $2.1M | 0.03% |
46,980
-61,293
| -57% | -$2.8M |
|
503
Leggett & Platt
LEG
$1.27B
| $2.08M | 0.03% |
42,543
-124,624
| -75% | -$5.93M |
|
504
Anika Therapeutics
ANIK
$292M
| $2.07M | 0.03% |
42,279
-37,007
| -47% | -$1.71M |
|
505
BCE
BCE
$22.3B
| $2.06M | 0.03% |
47,695
-932
| -2% | -$41.1K |
|
|
KS
506
DELISTED
KapStone Paper and Pack Corp.
KS
| $2.05M | 0.03% |
93,027
-4,933
| -5% | -$100K |
|
|
HZNP
507
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $2.05M | 0.03% |
+126,466
| New | +$2.29M |
|
|
508
Marriott International
MAR
$93.3B
| $2.03M | 0.03% |
24,500
-665,855
| -96% | -$50.1M |
|
509
Moody's
MCO
$87.5B
| $2.02M | 0.03% |
21,412
+12,288
| +135% | +$1.24M |
|
|
SHLM
510
DELISTED
Schulman (A.) Inc
SHLM
| $2.02M | 0.03% |
+60,280
| New | +$1.91M |
|
511
Ironwood Pharmaceuticals
IRWD
$689M
| $2M | 0.03% |
156,609
-20,074
| -11% | -$254K |
|
512
Timken Company
TKR
$8.46B
| $1.99M | 0.03% |
50,003
-84,824
| -63% | -$3.15M |
|
513
Adient
ADNT
$1.46B
| $1.98M | 0.03% |
+33,772
| New | +$1.78M |
|
514
Camping World
CWH
$659M
| $1.98M | 0.03% |
+60,611
| New | +$1.56M |
|
515
Acuity Brands
AYI
$10.1B
| $1.93M | 0.02% |
+8,369
| New | +$2.03M |
|
516
HNI Corp
HNI
$3.55B
| $1.91M | 0.02% |
+34,115
| New | +$1.62M |
|
|
INSY
517
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.91M | 0.02% |
207,055
-120,005
| -37% | -$1.36M |
|
518
Huron Consulting
HURN
$2.57B
| $1.9M | 0.02% |
37,473
-14,699
| -28% | -$784K |
|
|
ATVI
519
DELISTED
Activision Blizzard
ATVI
| $1.89M | 0.02% |
+52,387
| New | +$2.09M |
|
520
Photronics
PLAB
$1.76B
| $1.89M | 0.02% |
166,972
-188,781
| -53% | -$1.98M |
|
521
Williams-Sonoma
WSM
$28.1B
| $1.86M | 0.02% |
+76,904
| New | +$1.96M |
|
|
KNL
522
DELISTED
Knoll, Inc.
KNL
| $1.86M | 0.02% |
66,580
+42,961
| +182% | +$1.05M |
|
523
Koppers
KOP
$868M
| $1.83M | 0.02% |
45,511
+20,212
| +80% | +$742K |
|
524
Cadence Design Systems
CDNS
$86.4B
| $1.8M | 0.02% |
71,461
+60,480
| +551% | +$1.56M |
|
525
Middleby
MIDD
$5.15B
| $1.8M | 0.02% |
+13,980
| New | +$1.76M |
|
Similar funds
Joel Greenblatt's Q4 2016 Portfolio in Review
As of Q4 2016, Joel Greenblatt held 1,149 positions worth $7.77B, up 1.2% from $7.68B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Joel Greenblatt withdrew a net $270M in Q4 2016, closing 225 positions and reducing 377 holdings. Its most notable exit was Sysco, an estimated $54.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Philip Morris worth $42M.
- Joel Greenblatt's largest Q4 2016 buy was Philip Morris: 458,877 shares worth $42M.
- Joel Greenblatt added most to Trane Technologies in Q4 2016, an estimated $52.9M increase.
- Joel Greenblatt's biggest Q4 2016 reduction was Hewlett Packard, cutting an estimated $82M.
- Joel Greenblatt fully exited Sysco in Q4 2016, selling an estimated $54.1M.
- Joel Greenblatt's ten largest holdings make up 8.9% of its $7.77B portfolio in Q4 2016.
- Joel Greenblatt opened 238 new positions and closed 225 in Q4 2016.
- Joel Greenblatt's portfolio value rose 1.2% quarter-over-quarter to $7.77B.
Based on Gotham Asset Management's 13F filing for Q4 2016, filed 14 Feb 2017.