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 |
Booking.com
BKNG
|
+$52.8M |
| 2 |
Abbott
ABT
|
+$46.5M |
| 3 |
Eaton
ETN
|
+$45.4M |
| 4 |
Tyson Foods
TSN
|
+$42.1M |
| 5 |
COL
Rockwell Collins
COL
|
+$41.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$49.3M |
| 2 |
Lockheed Martin
LMT
|
+$35.8M |
| 3 |
IBM
IBM
|
+$34.9M |
| 4 |
Walt Disney
DIS
|
+$33.6M |
| 5 |
FedEx
FDX
|
+$33.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.82% |
| 2 | Technology | 18.24% |
| 3 | Consumer Discretionary | 17.28% |
| 4 | Healthcare | 15.21% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Anika Therapeutics
ANIK
$292M
| $1.92M | 0.03% |
35,587
-7,340
| -17% | -$406K |
|
502
Eastman Chemical
EMN
$8.34B
| $1.89M | 0.03% |
+20,345
| New | +$1.85M |
|
|
AVB
503
DELISTED
AvalonBay Communities
AVB
| $1.87M | 0.03% |
+10,491
| New | +$1.9M |
|
504
S&P Global
SPGI
$127B
| $1.84M | 0.03% |
10,838
-3,005
| -22% | -$491K |
|
505
National Beverage
FIZZ
$3.1B
| $1.82M | 0.03% |
+37,406
| New | +$1.92M |
|
506
Pfizer
PFE
$159B
| $1.81M | 0.03% |
52,618
+29,623
| +129% | +$1.01M |
|
507
Imperial Oil
IMO
$65.8B
| $1.81M | 0.03% |
57,950
-27,500
| -32% | -$856K |
|
|
XLNX
508
DELISTED
Xilinx Inc
XLNX
| $1.81M | 0.03% |
26,798
-228,526
| -90% | -$16.2M |
|
|
GCP
509
DELISTED
GCP Applied Technologies Inc.
GCP
| $1.8M | 0.03% |
+56,537
| New | +$1.74M |
|
|
ABB
510
DELISTED
ABB Ltd
ABB
| $1.78M | 0.03% |
66,521
-7,128
| -10% | -$183K |
|
|
VG
511
DELISTED
Vonage Holdings Corporation
VG
| $1.76M | 0.03% |
173,258
+25,774
| +17% | +$235K |
|
512
BCE
BCE
$22.3B
| $1.75M | 0.03% |
36,454
+31,924
| +705% | +$1.52M |
|
513
Principal Financial Group
PFG
$23.8B
| $1.74M | 0.03% |
+24,684
| New | +$1.7M |
|
514
Xylem
XYL
$26.5B
| $1.7M | 0.02% |
+24,959
| New | +$1.66M |
|
|
NBL
515
DELISTED
Noble Energy, Inc.
NBL
| $1.68M | 0.02% |
57,645
+36,289
| +170% | +$994K |
|
516
Emergent Biosolutions
EBS
$262M
| $1.68M | 0.02% |
36,126
-117,168
| -76% | -$4.93M |
|
|
MTOR
517
DELISTED
MERITOR, Inc.
MTOR
| $1.68M | 0.02% |
71,431
-48,419
| -40% | -$1.22M |
|
|
VSM
518
DELISTED
Versum Materials, Inc.
VSM
| $1.67M | 0.02% |
+44,129
| New | +$1.72M |
|
519
Ingevity
NGVT
$2.37B
| $1.66M | 0.02% |
23,518
+19,772
| +528% | +$1.43M |
|
520
Graham Holdings Company
GHC
$4.98B
| $1.63M | 0.02% |
2,927
-201
| -6% | -$114K |
|
521
Emerson Electric
EMR
$87.4B
| $1.63M | 0.02% |
23,363
-17,304
| -43% | -$1.12M |
|
522
FTI Consulting
FCN
$4.29B
| $1.62M | 0.02% |
+37,649
| New | +$1.54M |
|
523
KRONOS Worldwide
KRO
$967M
| $1.61M | 0.02% |
62,677
-26,422
| -30% | -$692K |
|
524
Alexandria Real Estate Equities
ARE
$9.37B
| $1.6M | 0.02% |
12,241
+5,775
| +89% | +$727K |
|
525
Regeneron Pharmaceuticals
REGN
$84.9B
| $1.56M | 0.02% |
4,159
-30,016
| -88% | -$12.2M |
|
Similar funds
Joel Greenblatt's Q4 2017 Portfolio in Review
As of Q4 2017, Joel Greenblatt held 1,145 positions worth $6.89B, up 1.1% from $6.81B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $293M in Q4 2017, closing 226 positions and reducing 374 holdings. Its most notable exit was IBM, an estimated $34.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Eaton worth $46.2M.
- Joel Greenblatt's largest Q4 2017 buy was Eaton: 584,166 shares worth $46.2M.
- Joel Greenblatt added most to Booking.com in Q4 2017, an estimated $52.8M increase.
- Joel Greenblatt's biggest Q4 2017 reduction was Intuit, cutting an estimated $49.3M.
- Joel Greenblatt fully exited IBM in Q4 2017, selling an estimated $34.9M.
- Joel Greenblatt's ten largest holdings make up 9% of its $6.89B portfolio in Q4 2017.
- Joel Greenblatt opened 248 new positions and closed 226 in Q4 2017.
- Joel Greenblatt's portfolio value rose 1.1% quarter-over-quarter to $6.89B.
Based on Gotham Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.