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 | |
|---|---|---|---|---|---|---|
551
Kennametal
KMT
$2.23B
| $1.68M | 0.02% |
+44,942
| New | +$1.76M |
|
552
Devon Energy
DVN
$53.1B
| $1.68M | 0.02% |
52,401
+45,759
| +689% | +$1.67M |
|
553
Cogent Communications
CCOI
$486M
| $1.67M | 0.02% |
41,710
+28,826
| +224% | +$1.19M |
|
554
Anika Therapeutics
ANIK
$286M
| $1.67M | 0.02% |
33,826
+11,162
| +49% | +$514K |
|
555
Encompass Health
EHC
$11.9B
| $1.66M | 0.02% |
43,115
-41,362
| -49% | -$1.51M |
|
556
KeyCorp
KEY
$23.3B
| $1.65M | 0.02% |
88,001
-7,427
| -8% | -$134K |
|
|
ACOR
557
DELISTED
Acorda Therapeutics
ACOR
| $1.65M | 0.02% |
697
-382
| -35% | -$757K |
|
558
AptarGroup
ATR
$8.57B
| $1.64M | 0.02% |
18,883
-21,296
| -53% | -$1.75M |
|
|
PPL
559
PPL Corp
PPL
$26.4B
| $1.63M | 0.02% |
42,254
+12,103
| +40% | +$468K |
|
560
Visteon
VC
$2.72B
| $1.62M | 0.02% |
15,863
+6,130
| +63% | +$606K |
|
|
SGEN
561
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.62M | 0.02% |
31,269
-55,573
| -64% | -$3.53M |
|
562
Quaker Houghton
KWR
$2.79B
| $1.61M | 0.02% |
+11,093
| New | +$1.57M |
|
|
LKSD
563
DELISTED
LSC Communications, Inc.
LKSD
| $1.6M | 0.02% |
74,619
-22,111
| -23% | -$505K |
|
564
Sanofi
SNY
$109B
| $1.56M | 0.02% |
32,588
| – | – |
|
|
SPTN
565
DELISTED
SpartanNash
SPTN
| $1.55M | 0.02% |
59,729
-112,701
| -65% | -$3.71M |
|
|
UCTT
566
Ultra Clean Holdings
UCTT
$3.3B
| $1.55M | 0.02% |
82,685
+52,621
| +175% | +$1.06M |
|
|
AMWD
567
DELISTED
American Woodmark
AMWD
| $1.55M | 0.02% |
16,193
+4,668
| +41% | +$428K |
|
|
SEE
568
DELISTED
Sealed Air
SEE
| $1.54M | 0.02% |
34,499
-158,914
| -82% | -$7.01M |
|
569
Amdocs
DOX
$6.48B
| $1.53M | 0.02% |
+23,779
| New | +$1.5M |
|
570
Mid-America Apartment Communities
MAA
$15.4B
| $1.52M | 0.02% |
14,419
+910
| +7% | +$93.7K |
|
571
DXC Technology
DXC
$1.7B
| $1.51M | 0.02% |
+22,752
| New | +$1.51M |
|
572
Photronics
PLAB
$1.74B
| $1.5M | 0.02% |
160,117
-16,586
| -9% | -$175K |
|
|
IRBT
573
DELISTED
iRobot
IRBT
| $1.5M | 0.02% |
17,852
-111,907
| -86% | -$9.65M |
|
|
SFLY
574
DELISTED
Shutterfly, Inc.
SFLY
| $1.49M | 0.02% |
31,425
+2,867
| +10% | +$143K |
|
|
SGI
575
Somnigroup International
SGI
$13.5B
| $1.49M | 0.02% |
111,328
-30,228
| -21% | -$356K |
|
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.