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 | |
|---|---|---|---|---|---|---|
501
Emergent Biosolutions
EBS
$264M
| $2.17M | 0.03% |
64,033
-56,135
| -47% | -$1.73M |
|
|
RATE
502
DELISTED
Bankrate Inc
RATE
| $2.15M | 0.03% |
167,433
-98,960
| -37% | -$1.06M |
|
|
S
503
DELISTED
Sprint Corporation
S
| $2.13M | 0.03% |
259,772
-909,516
| -78% | -$7.56M |
|
504
Prestige Consumer Healthcare
PBH
$2.45B
| $2.13M | 0.03% |
40,306
-85,770
| -68% | -$4.6M |
|
505
Progressive
PGR
$130B
| $2.13M | 0.03% |
48,211
+13,498
| +39% | +$561K |
|
506
Kosmos Energy
KOS
$1.7B
| $2.12M | 0.03% |
+331,259
| New | +$2.1M |
|
|
KND
507
DELISTED
Kindred Healthcare
KND
| $2.12M | 0.03% |
182,213
-591,006
| -76% | -$5.83M |
|
508
Masco
MAS
$14.4B
| $2.12M | 0.03% |
55,349
-352,039
| -86% | -$12.9M |
|
509
Sherwin-Williams
SHW
$84.2B
| $2.1M | 0.03% |
17,937
-4,170
| -19% | -$466K |
|
510
Centene
CNC
$32.4B
| $2.09M | 0.03% |
52,384
+1,714
| +3% | +$64.7K |
|
|
PGNX
511
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $2.09M | 0.03% |
307,393
-369,398
| -55% | -$2.73M |
|
|
BIG
512
DELISTED
Big Lots, Inc.
BIG
| $2.08M | 0.03% |
42,981
-71,022
| -62% | -$3.46M |
|
513
Children's Place
PLCE
$59.2M
| $2.07M | 0.03% |
20,271
+10,361
| +105% | +$1.14M |
|
514
S&P Global
SPGI
$128B
| $2.07M | 0.03% |
14,163
+9,618
| +212% | +$1.34M |
|
515
CNX Resources
CNX
$5.4B
| $2.02M | 0.03% |
162,211
-122,658
| -43% | -$1.58M |
|
516
Oil States International
OIS
$502M
| $2.01M | 0.03% |
74,159
-6,459
| -8% | -$191K |
|
|
INFO
517
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $2M | 0.03% |
+45,534
| New | +$2.03M |
|
518
Generac Holdings
GNRC
$12.1B
| $2M | 0.03% |
55,250
+1,111
| +2% | +$39.7K |
|
519
United Airlines
UAL
$36.8B
| $1.97M | 0.03% |
26,239
-422,325
| -94% | -$31.9M |
|
|
NXGN
520
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.97M | 0.03% |
114,278
+50,615
| +80% | +$769K |
|
521
Five Below
FIVE
$14.4B
| $1.96M | 0.03% |
39,741
+9,237
| +30% | +$455K |
|
522
Gray Television
GTN
$511M
| $1.96M | 0.03% |
142,708
-220,159
| -61% | -$2.97M |
|
523
PVH
PVH
$3.56B
| $1.95M | 0.03% |
17,060
-9,641
| -36% | -$1,000K |
|
524
Huntsman Corp
HUN
$1.69B
| $1.94M | 0.03% |
75,209
-329,337
| -81% | -$8.16M |
|
525
Moog Inc Class A
MOG.A
$12B
| $1.94M | 0.03% |
26,993
+13,234
| +96% | +$916K |
|
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.