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 | |
|---|---|---|---|---|---|---|
526
Charter Communications
CHTR
$17.9B
| $1.94M | 0.03% |
5,743
+1,203
| +26% | +$401K |
|
527
Applied Optoelectronics
AAOI
$9.1B
| $1.89M | 0.03% |
30,639
-31,815
| -51% | -$1.86M |
|
|
HOLX
528
DELISTED
Hologic
HOLX
| $1.87M | 0.03% |
+41,201
| New | +$1.82M |
|
529
Chubb
CB
$133B
| $1.86M | 0.03% |
12,787
-13,703
| -52% | -$1.93M |
|
|
OCLR
530
DELISTED
Oclaro Inc.
OCLR
| $1.83M | 0.03% |
195,757
+95,708
| +96% | +$866K |
|
531
Gildan
GIL
$10.2B
| $1.82M | 0.03% |
59,382
-2,254
| -4% | -$64.8K |
|
532
Goldman Sachs
GS
$302B
| $1.82M | 0.03% |
8,222
-3,484
| -30% | -$774K |
|
533
Allison Transmission
ALSN
$10.8B
| $1.82M | 0.03% |
48,562
+41,348
| +573% | +$1.54M |
|
|
LPNT
534
DELISTED
LifePoint Health, Inc.
LPNT
| $1.81M | 0.03% |
+26,984
| New | +$1.71M |
|
535
ExxonMobil
XOM
$675B
| $1.8M | 0.03% |
22,359
-123,461
| -85% | -$10.1M |
|
536
Unilever
UL
$141B
| $1.8M | 0.03% |
29,500
+48
| +0.2% | +$2.86K |
|
537
Deluxe
DLX
$1.1B
| $1.79M | 0.03% |
+25,900
| New | +$1.81M |
|
538
Philip Morris
PM
$298B
| $1.78M | 0.02% |
15,125
-118,178
| -89% | -$13.7M |
|
|
RGC
539
DELISTED
Regal Entertainment Group
RGC
| $1.77M | 0.02% |
+86,305
| New | +$1.83M |
|
|
CPLA
540
DELISTED
Capella Education Company
CPLA
| $1.75M | 0.02% |
20,434
-6,766
| -25% | -$602K |
|
541
Jabil
JBL
$31.9B
| $1.74M | 0.02% |
+59,434
| New | +$1.75M |
|
542
Brink's
BCO
$4.65B
| $1.73M | 0.02% |
25,809
-1,788
| -6% | -$110K |
|
|
RRD
543
DELISTED
RR Donnelley & Sons Co.
RRD
| $1.73M | 0.02% |
137,873
-288,776
| -68% | -$3.55M |
|
544
Realty Income
O
$59.8B
| $1.72M | 0.02% |
32,220
+15,757
| +96% | +$872K |
|
|
FLOW
545
DELISTED
SPX FLOW, Inc.
FLOW
| $1.72M | 0.02% |
+46,720
| New | +$1.73M |
|
546
FirstEnergy
FE
$26.9B
| $1.72M | 0.02% |
+59,002
| New | +$1.75M |
|
547
Agilent Technologies
A
$43.3B
| $1.72M | 0.02% |
28,923
-38,268
| -57% | -$2.18M |
|
548
Morgan Stanley
MS
$336B
| $1.71M | 0.02% |
38,320
-22,076
| -37% | -$952K |
|
549
Nasdaq
NDAQ
$55.2B
| $1.69M | 0.02% |
71,013
+8,475
| +14% | +$195K |
|
550
Plexus
PLXS
$6.33B
| $1.69M | 0.02% |
32,048
-61,307
| -66% | -$3.25M |
|
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.