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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$82.2M |
| 2 |
Conagra Brands
CAG
|
+$63.5M |
| 3 |
Intuit
INTU
|
+$53.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$51.9M |
| 5 |
CVS Health
CVS
|
+$43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$40.5M |
| 2 |
Merck
MRK
|
+$39.5M |
| 3 |
DD
Du Pont De Nemours E I
DD
|
+$38.8M |
| 4 |
Viatris
VTRS
|
+$38.8M |
| 5 |
DaVita
DVA
|
+$37.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Industrials | 19.34% |
| 3 | Healthcare | 18.39% |
| 4 | Consumer Discretionary | 16.87% |
| 5 | Consumer Staples | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Knowles
KN
$2.79B
| $1.92M | 0.02% |
140,301
+92,815
| +195% | +$1.28M |
|
|
AET
527
DELISTED
Aetna Inc
AET
| $1.91M | 0.02% |
15,622
-51,661
| -77% | -$5.93M |
|
528
Teledyne Technologies
TDY
$28.9B
| $1.9M | 0.02% |
19,149
-35,376
| -65% | -$3.35M |
|
529
Verisk Analytics
VRSK
$24.7B
| $1.88M | 0.02% |
+23,196
| New | +$1.82M |
|
530
Nexstar Media Group
NXST
$5.83B
| $1.87M | 0.02% |
39,394
-69,670
| -64% | -$3.48M |
|
531
British American Tobacco
BTI
$123B
| $1.87M | 0.02% |
28,906
-29,276
| -50% | -$1.77M |
|
|
LDL
532
DELISTED
Lydall, Inc.
LDL
| $1.87M | 0.02% |
48,488
+31,660
| +188% | +$1.17M |
|
533
Abercrombie & Fitch
ANF
$4.96B
| $1.87M | 0.02% |
104,765
-615,842
| -85% | -$14.7M |
|
534
Sturm, Ruger & Co
RGR
$619M
| $1.86M | 0.02% |
+29,039
| New | +$1.88M |
|
|
KNGT
535
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $1.81M | 0.02% |
+68,037
| New | +$1.81M |
|
536
T-Mobile US
TMUS
$197B
| $1.81M | 0.02% |
41,727
+29,719
| +247% | +$1.22M |
|
537
Perrigo
PRGO
$1.98B
| $1.8M | 0.02% |
+19,855
| New | +$2.06M |
|
538
Trinity Industries
TRN
$2.36B
| $1.78M | 0.02% |
133,158
-2,549,116
| -95% | -$33.7M |
|
|
ACOR
539
DELISTED
Acorda Therapeutics
ACOR
| $1.76M | 0.02% |
576
+338
| +142% | +$1.1M |
|
|
CDK
540
DELISTED
CDK Global, Inc.
CDK
| $1.76M | 0.02% |
+31,781
| New | +$1.64M |
|
541
Ironwood Pharmaceuticals
IRWD
$689M
| $1.75M | 0.02% |
+159,782
| New | +$1.56M |
|
542
Regal Rexnord
RRX
$10.7B
| $1.75M | 0.02% |
31,771
-18,394
| -37% | -$1.11M |
|
543
Movado Group
MOV
$771M
| $1.73M | 0.02% |
79,969
+54,987
| +220% | +$1.35M |
|
|
THR
544
DELISTED
Thermon Group Holdings
THR
| $1.71M | 0.02% |
89,114
+75,512
| +555% | +$1.45M |
|
545
Matsons
MATX
$6.63B
| $1.71M | 0.02% |
+52,893
| New | +$1.83M |
|
546
American Eagle Outfitters
AEO
$2.8B
| $1.7M | 0.02% |
106,698
-1,129,444
| -91% | -$17.3M |
|
547
Terex
TEX
$7.47B
| $1.7M | 0.02% |
83,661
-590,077
| -88% | -$13.5M |
|
548
Vera Bradley
VRA
$89.6M
| $1.69M | 0.02% |
119,088
+88,673
| +292% | +$1.43M |
|
|
LHCG
549
DELISTED
LHC Group LLC
LHCG
| $1.69M | 0.02% |
38,935
+27,048
| +228% | +$1.1M |
|
550
LyondellBasell Industries
LYB
$21.1B
| $1.68M | 0.02% |
22,530
+3,777
| +20% | +$312K |
|
Similar funds
Joel Greenblatt's Q2 2016 Portfolio in Review
As of Q2 2016, Joel Greenblatt held 1,194 positions worth $8.34B, down 6.5% from $8.92B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $527M in Q2 2016, closing 260 positions and reducing 357 holdings. Its most notable exit was Viatris, an estimated $38.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Twenty-First Century Fox, Inc. Class A worth $76.3M.
- Joel Greenblatt's largest Q2 2016 buy was Twenty-First Century Fox, Inc. Class A: 2,822,168 shares worth $76.3M.
- Joel Greenblatt added most to Paramount Global Class B in Q2 2016, an estimated $51.9M increase.
- Joel Greenblatt's biggest Q2 2016 reduction was Texas Instruments, cutting an estimated $40.5M.
- Joel Greenblatt fully exited Viatris in Q2 2016, selling an estimated $38.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $8.34B portfolio in Q2 2016.
- Joel Greenblatt opened 244 new positions and closed 260 in Q2 2016.
- Joel Greenblatt's portfolio value fell 6.5% quarter-over-quarter to $8.34B.
Based on Gotham Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.