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 | |
|---|---|---|---|---|---|---|
576
Haemonetics
HAE
$4.93B
| $1.48M | 0.02% |
37,473
+21,665
| +137% | +$890K |
|
|
VG
577
DELISTED
Vonage Holdings Corporation
VG
| $1.47M | 0.02% |
225,178
-323,602
| -59% | -$2.16M |
|
578
PPG Industries
PPG
$25.2B
| $1.47M | 0.02% |
13,342
-190,505
| -93% | -$20.6M |
|
579
Coca-Cola Femsa
KOF
$24.1B
| $1.45M | 0.02% |
17,153
| – | – |
|
580
Mastercard
MA
$525B
| $1.45M | 0.02% |
11,932
+8,126
| +214% | +$964K |
|
581
Omnicell
OMCL
$1.58B
| $1.45M | 0.02% |
+33,566
| New | +$1.39M |
|
|
JCP
582
DELISTED
J.C. Penney Company, Inc.
JCP
| $1.42M | 0.02% |
305,515
+289,680
| +1,829% | +$1.48M |
|
|
SNBR
583
DELISTED
Sleep Number
SNBR
| $1.42M | 0.02% |
40,005
-26,375
| -40% | -$789K |
|
584
Phibro Animal Health
PAHC
$1.43B
| $1.41M | 0.02% |
38,135
+14,822
| +64% | +$484K |
|
585
Element Solutions
ESI
$8.52B
| $1.41M | 0.02% |
111,082
+92,694
| +504% | +$1.21M |
|
|
ISCA
586
DELISTED
International Speedway Corp
ISCA
| $1.37M | 0.02% |
36,397
+23,150
| +175% | +$849K |
|
|
CHL
587
DELISTED
China Mobile Limited
CHL
| $1.37M | 0.02% |
25,749
| – | – |
|
|
BOJA
588
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $1.36M | 0.02% |
83,678
-12,058
| -13% | -$222K |
|
|
ESND
589
DELISTED
Essendant Inc.
ESND
| $1.35M | 0.02% |
90,906
+48,431
| +114% | +$765K |
|
|
PTLA
590
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $1.34M | 0.02% |
23,898
-3,812
| -14% | -$153K |
|
591
lululemon athletica
LULU
$13.9B
| $1.34M | 0.02% |
22,460
-3,341
| -13% | -$174K |
|
|
BLUE
592
DELISTED
bluebird bio
BLUE
| $1.33M | 0.02% |
+979
| New | +$1.18M |
|
593
Builders FirstSource
BLDR
$7.56B
| $1.31M | 0.02% |
85,844
-320,418
| -79% | -$4.79M |
|
594
PetMed Express
PETS
$37.9M
| $1.31M | 0.02% |
+32,374
| New | +$1M |
|
595
Regency Centers
REG
$14B
| $1.31M | 0.02% |
20,876
+9,544
| +84% | +$603K |
|
|
TLRD
596
DELISTED
Tailored Brands, Inc.
TLRD
| $1.28M | 0.02% |
115,058
-32,446
| -22% | -$380K |
|
597
Alexandria Real Estate Equities
ARE
$9.3B
| $1.28M | 0.02% |
10,654
+6,542
| +159% | +$761K |
|
598
ICF International
ICFI
$1.59B
| $1.28M | 0.02% |
27,220
-36,643
| -57% | -$1.67M |
|
599
AngioDynamics
ANGO
$652M
| $1.28M | 0.02% |
79,021
+24,140
| +44% | +$382K |
|
|
RTEC
600
DELISTED
Rudolph Technologies Inc
RTEC
| $1.27M | 0.02% |
+55,705
| New | +$1.33M |
|
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.