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 |
RTX Corp
RTX
|
+$79.2M |
| 2 |
eBay
EBAY
|
+$65.8M |
| 3 |
Baxter International
BAX
|
+$64.6M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$57.6M |
| 5 |
Biogen
BIIB
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$85.2M |
| 2 |
SAFM
Sanderson Farms Inc
SAFM
|
+$65.9M |
| 3 |
Polaris
PII
|
+$61.7M |
| 4 |
Lam Research
LRCX
|
+$54M |
| 5 |
Teradyne
TER
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.04% |
| 2 | Technology | 19.86% |
| 3 | Consumer Discretionary | 17.24% |
| 4 | Healthcare | 16.73% |
| 5 | Consumer Staples | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Coherent
COHR
$53.9B
| $2.86M | 0.03% |
131,800
-224,635
| -63% | -$4.46M |
|
|
ALOG
527
DELISTED
Analogic Corp
ALOG
| $2.82M | 0.03% |
+35,680
| New | +$2.67M |
|
528
OGE Energy
OGE
$9.49B
| $2.8M | 0.03% |
+97,830
| New | +$2.58M |
|
529
SPX Corp
SPXC
$10.1B
| $2.78M | 0.03% |
185,294
+172,752
| +1,377% | +$1.85M |
|
530
Kirby Corp
KEX
$7.32B
| $2.78M | 0.03% |
46,116
-54,001
| -54% | -$2.95M |
|
|
CNR
531
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $2.78M | 0.03% |
195,555
-26,872
| -12% | -$300K |
|
532
Gibraltar Industries
ROCK
$1.37B
| $2.77M | 0.03% |
97,034
+81,066
| +508% | +$1.89M |
|
|
WCG
533
DELISTED
Wellcare Health Plans, Inc.
WCG
| $2.77M | 0.03% |
29,817
-57,423
| -66% | -$4.76M |
|
534
Cadence Design Systems
CDNS
$87B
| $2.68M | 0.03% |
+113,561
| New | +$2.38M |
|
535
Tenaris
TS
$27B
| $2.63M | 0.03% |
106,062
+1,326
| +1% | +$29K |
|
|
AVNS
536
DELISTED
Avanos Medical
AVNS
| $2.62M | 0.03% |
+91,349
| New | +$2.43M |
|
|
MIK
537
DELISTED
Michaels Stores, Inc
MIK
| $2.62M | 0.03% |
+93,575
| New | +$2.16M |
|
538
Pegasystems
PEGA
$5.64B
| $2.62M | 0.03% |
+206,094
| New | +$2.47M |
|
|
ACH
539
Accendra Health
ACH
$89.2M
| $2.61M | 0.03% |
+64,655
| New | +$2.41M |
|
540
Enanta Pharmaceuticals
ENTA
$411M
| $2.6M | 0.03% |
+88,631
| New | +$2.47M |
|
541
Federated Hermes
FHI
$4.83B
| $2.58M | 0.03% |
89,582
-172,743
| -66% | -$4.55M |
|
|
CYNO
542
DELISTED
Cynosure, Inc. Class A
CYNO
| $2.58M | 0.03% |
+58,566
| New | +$2.29M |
|
543
Outfront Media
OUT
$5.36B
| $2.58M | 0.03% |
+124,221
| New | +$2.52M |
|
|
TIME
544
DELISTED
Time Inc.
TIME
| $2.58M | 0.03% |
+167,004
| New | +$2.4M |
|
545
Pool Corp
POOL
$6.84B
| $2.57M | 0.03% |
29,319
-224,406
| -88% | -$18M |
|
|
RATE
546
DELISTED
Bankrate Inc
RATE
| $2.57M | 0.03% |
280,012
+268,699
| +2,375% | +$2.8M |
|
|
NUAN
547
DELISTED
Nuance Communications, Inc.
NUAN
| $2.56M | 0.03% |
158,354
-265,992
| -63% | -$4.3M |
|
548
Ormat Technologies
ORA
$6.48B
| $2.5M | 0.03% |
+60,499
| New | +$2.25M |
|
|
MTSC
549
DELISTED
MTS Systems Corp
MTSC
| $2.47M | 0.03% |
40,638
-74,989
| -65% | -$4.13M |
|
550
La-Z-Boy
LZB
$1.29B
| $2.46M | 0.03% |
+91,945
| New | +$2.15M |
|
Similar funds
Joel Greenblatt's Q1 2016 Portfolio in Review
As of Q1 2016, Joel Greenblatt held 1,164 positions worth $8.92B, down 3.1% from $9.21B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Joel Greenblatt withdrew a net $529M in Q1 2016, closing 214 positions and reducing 363 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $85.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in RTX Corp worth $86M.
- Joel Greenblatt's largest Q1 2016 buy was RTX Corp: 1,365,401 shares worth $86M.
- Joel Greenblatt added most to eBay in Q1 2016, an estimated $65.8M increase.
- Joel Greenblatt's biggest Q1 2016 reduction was Sanderson Farms Inc, cutting an estimated $65.9M.
- Joel Greenblatt fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $85.2M.
- Joel Greenblatt's ten largest holdings make up 8.6% of its $8.92B portfolio in Q1 2016.
- Joel Greenblatt opened 311 new positions and closed 214 in Q1 2016.
- Joel Greenblatt's portfolio value fell 3.1% quarter-over-quarter to $8.92B.
Based on Gotham Asset Management's 13F filing for Q1 2016, filed 16 May 2016.