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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.9M |
| 2 |
Apple
AAPL
|
+$16.5M |
| 3 |
J.M. Smucker
SJM
|
+$9.24M |
| 4 |
EOG Resources
EOG
|
+$8.79M |
| 5 |
Revvity
RVTY
|
+$8.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gotham Enhanced 500 ETF
GSPY
|
+$24.2M |
| 2 |
Gotham 1000 Value ETF
GVLU
|
+$10.4M |
| 3 |
Constellation Energy
CEG
|
+$10.1M |
| 4 |
Merck
MRK
|
+$9.61M |
| 5 |
Exelon
EXC
|
+$8.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.42% |
| 2 | Industrials | 11.72% |
| 3 | Consumer Discretionary | 10.36% |
| 4 | Healthcare | 10.33% |
| 5 | Financials | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VSXY
526
Victoria's Secret
VSXY
$6.93B
| $2.11M | 0.05% |
121,311
+61,583
| +103% | +$1.55M |
|
527
Edwards Lifesciences
EW
$52.2B
| $2.11M | 0.05% |
22,393
-24,129
| -52% | -$2.1M |
|
528
Reynolds Consumer Products
REYN
$5.33B
| $2.11M | 0.05% |
74,771
+41,409
| +124% | +$1.15M |
|
529
Alpha Metallurgical Resources
AMR
$2.66B
| $2.08M | 0.05% |
12,673
-3,303
| -21% | -$505K |
|
530
LKQ Corp
LKQ
$6.51B
| $2.08M | 0.05% |
35,625
-76,601
| -68% | -$4.26M |
|
531
Tyler Technologies
TYL
$14.6B
| $2.07M | 0.04% |
4,961
+462
| +10% | +$178K |
|
532
Rocket Companies
RKT
$39.9B
| $2.06M | 0.04% |
230,458
-12,263
| -5% | -$107K |
|
533
Zoetis
ZTS
$31.9B
| $2.06M | 0.04% |
11,938
+3,346
| +39% | +$578K |
|
534
Insperity
NSP
$1.99B
| $2.05M | 0.04% |
17,262
+6,032
| +54% | +$716K |
|
535
Texas Instruments
TXN
$236B
| $2.05M | 0.04% |
11,361
-4,624
| -29% | -$796K |
|
536
JPMorgan Equity Premium Income ETF
JEPI
$46.4B
| $2.03M | 0.04% |
36,726
| – | – |
|
537
Raymond James Financial
RJF
$34B
| $2.03M | 0.04% |
19,523
-3,787
| -16% | -$352K |
|
538
Lumentum
LITE
$74.5B
| $2.01M | 0.04% |
35,514
+5,520
| +18% | +$276K |
|
539
Chipotle Mexican Grill
CMG
$48.1B
| $2.01M | 0.04% |
+47,000
| New | +$1.86M |
|
540
Goldman Sachs
GS
$302B
| $2.01M | 0.04% |
6,223
-122
| -2% | -$40.1K |
|
541
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.8B
| $2M | 0.04% |
+12,114
| New | +$1.91M |
|
542
Workday
WDAY
$49.2B
| $1.99M | 0.04% |
8,831
+6,053
| +218% | +$1.21M |
|
|
NEWR
543
DELISTED
New Relic, Inc.
NEWR
| $1.99M | 0.04% |
30,447
-2,432
| -7% | -$175K |
|
544
ArcBest
ARCB
$3.01B
| $1.99M | 0.04% |
20,120
+7,170
| +55% | +$641K |
|
545
Newmont
NEM
$139B
| $1.99M | 0.04% |
46,579
-28,875
| -38% | -$1.31M |
|
546
Chemours
CC
$2.32B
| $1.99M | 0.04% |
53,815
+334
| +0.6% | +$10.2K |
|
547
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.2B
| $1.96M | 0.04% |
+8,511
| New | +$1.85M |
|
548
Align Technology
ALGN
$11.3B
| $1.95M | 0.04% |
5,528
-906
| -14% | -$289K |
|
|
SKX
549
DELISTED
Skechers
SKX
| $1.95M | 0.04% |
37,118
+9,092
| +32% | +$465K |
|
550
Invesco QQQ Trust
QQQ
$483B
| $1.95M | 0.04% |
+5,288
| New | +$1.78M |
|
Similar funds
Joel Greenblatt's Q2 2023 Portfolio in Review
As of Q2 2023, Joel Greenblatt held 1,458 positions worth $4.6B, up 11% from $4.13B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Joel Greenblatt deployed $206M of net new capital in Q2 2023, opening 149 new positions and adding to 553 existing holdings. Its largest new stake was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Gotham Enhanced 500 ETF, an estimated $24.2M trimmed.
- Joel Greenblatt's largest Q2 2023 buy was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $47.9M increase.
- Joel Greenblatt's biggest Q2 2023 reduction was Gotham Enhanced 500 ETF, cutting an estimated $24.2M.
- Joel Greenblatt fully exited Chart Industries in Q2 2023, selling an estimated $5.59M.
- Joel Greenblatt's ten largest holdings make up 23% of its $4.6B portfolio in Q2 2023.
- Joel Greenblatt opened 149 new positions and closed 163 in Q2 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $4.6B.
Based on Gotham Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.