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 |
Verizon
VZ
|
+$56.8M |
| 2 |
RTX Corp
RTX
|
+$47.7M |
| 3 |
TE Connectivity
TEL
|
+$46.6M |
| 4 |
Emerson Electric
EMR
|
+$41.3M |
| 5 |
Archer Daniels Midland
ADM
|
+$40.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$52.8M |
| 2 |
Estee Lauder
EL
|
+$51.9M |
| 3 |
IBM
IBM
|
+$34M |
| 4 |
Pfizer
PFE
|
+$33.3M |
| 5 |
Aptiv
APTV
|
+$32.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.87% |
| 2 | Industrials | 18.46% |
| 3 | Consumer Discretionary | 15.92% |
| 4 | Healthcare | 15.14% |
| 5 | Consumer Staples | 11.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
AutoNation
AN
$6.6B
| $1.81M | 0.03% |
43,501
-304,898
| -88% | -$14.1M |
|
502
Laureate Education
LAUR
$5.16B
| $1.81M | 0.02% |
116,999
+57,627
| +97% | +$887K |
|
503
Weis Markets
WMK
$1.76B
| $1.8M | 0.02% |
41,577
-6,298
| -13% | -$306K |
|
504
US Foods
USFD
$23.7B
| $1.8M | 0.02% |
58,468
-187,715
| -76% | -$6.49M |
|
|
MITL
505
DELISTED
Mitel Networks Corporation
MITL
| $1.79M | 0.02% |
162,675
-33
| -0% | -$363 |
|
506
Wabash National
WNC
$490M
| $1.79M | 0.02% |
+98,288
| New | +$1.86M |
|
507
Pitney Bowes
PBI
$2.26B
| $1.79M | 0.02% |
252,344
+16,037
| +7% | +$130K |
|
|
REGI
508
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.78M | 0.02% |
+61,889
| New | +$1.37M |
|
509
Cable One
CABO
$129M
| $1.76M | 0.02% |
1,987
+548
| +38% | +$435K |
|
510
Vulcan Materials
VMC
$35.8B
| $1.75M | 0.02% |
+15,733
| New | +$1.82M |
|
511
Affiliated Managers Group
AMG
$9.21B
| $1.74M | 0.02% |
12,705
+4,817
| +61% | +$711K |
|
512
CACI
CACI
$14.3B
| $1.74M | 0.02% |
9,430
+502
| +6% | +$92.7K |
|
|
TUP
513
DELISTED
Tupperware Brands Corporation
TUP
| $1.74M | 0.02% |
51,912
-237,915
| -82% | -$8.5M |
|
514
Global Industrial
GIC
$1.5B
| $1.72M | 0.02% |
52,307
-1,620
| -3% | -$61.4K |
|
515
Columbus McKinnon
CMCO
$509M
| $1.71M | 0.02% |
43,319
+4,731
| +12% | +$198K |
|
516
Hershey
HSY
$37.5B
| $1.71M | 0.02% |
16,769
-224,190
| -93% | -$22.2M |
|
517
Enerpac Tool Group
EPAC
$1.9B
| $1.71M | 0.02% |
+61,246
| New | +$1.76M |
|
|
JNPR
518
DELISTED
Juniper Networks
JNPR
| $1.68M | 0.02% |
56,164
-147,160
| -72% | -$4.11M |
|
|
GAP
519
The Gap Inc
GAP
$7.13B
| $1.68M | 0.02% |
58,198
-37,693
| -39% | -$1.13M |
|
|
EIGI
520
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.67M | 0.02% |
189,764
+120,639
| +175% | +$1.15M |
|
521
Palo Alto Networks
PANW
$292B
| $1.63M | 0.02% |
43,524
+7,344
| +20% | +$267K |
|
522
Caesars Entertainment
CZR
$6.06B
| $1.62M | 0.02% |
+33,337
| New | +$1.51M |
|
523
Greif
GEF
$5B
| $1.6M | 0.02% |
+29,736
| New | +$1.62M |
|
524
BJs Wholesale Club
BJ
$12.3B
| $1.59M | 0.02% |
+59,272
| New | +$1.59M |
|
525
Gray Television
GTN
$509M
| $1.59M | 0.02% |
90,684
-8,253
| -8% | -$135K |
|
Similar funds
Joel Greenblatt's Q3 2018 Portfolio in Review
As of Q3 2018, Joel Greenblatt held 1,078 positions worth $7.24B, up 4.6% from $6.92B the previous quarter. Its ten largest holdings account for 9.9% of the portfolio.
Joel Greenblatt's Q3 2018 filing shows 216 new, 317 increased, 380 reduced and 161 closed positions. Its largest new stake was Becton Dickinson: 106,829 shares worth $27.2M. The largest sale was Raytheon Company, an estimated $52.8M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q3 2018 buy was Becton Dickinson: 106,829 shares worth $27.2M.
- Joel Greenblatt added most to Verizon in Q3 2018, an estimated $56.8M increase.
- Joel Greenblatt's biggest Q3 2018 reduction was Raytheon Company, cutting an estimated $52.8M.
- Joel Greenblatt fully exited J.M. Smucker in Q3 2018, selling an estimated $30.5M.
- Joel Greenblatt's ten largest holdings make up 9.9% of its $7.24B portfolio in Q3 2018.
- Joel Greenblatt opened 216 new positions and closed 161 in Q3 2018.
- Joel Greenblatt's portfolio value rose 4.6% quarter-over-quarter to $7.24B.
Based on Gotham Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.