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 |
RTX Corp
RTX
|
+$79.2M |
| 2 |
eBay
EBAY
|
+$65.8M |
| 3 |
Baxter International
BAX
|
+$64.6M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$57.6M |
| 5 |
Biogen
BIIB
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$85.2M |
| 2 |
SAFM
Sanderson Farms Inc
SAFM
|
+$65.9M |
| 3 |
Polaris
PII
|
+$61.7M |
| 4 |
Lam Research
LRCX
|
+$54M |
| 5 |
Teradyne
TER
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.04% |
| 2 | Technology | 19.86% |
| 3 | Consumer Discretionary | 17.24% |
| 4 | Healthcare | 16.73% |
| 5 | Consumer Staples | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Sinclair Inc
SBGI
$1.05B
| $1.59M | 0.02% |
+51,789
| New | +$1.59M |
|
602
Cato Corp
CATO
$55.7M
| $1.56M | 0.02% |
40,609
-99,089
| -71% | -$3.64M |
|
603
Coty
COTY
$2.46B
| $1.54M | 0.02% |
+55,351
| New | +$1.45M |
|
604
ACI Worldwide
ACIW
$5.29B
| $1.54M | 0.02% |
+73,861
| New | +$1.39M |
|
|
NXGN
605
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.54M | 0.02% |
+100,800
| New | +$1.53M |
|
|
UNVR
606
DELISTED
Univar Solutions Inc.
UNVR
| $1.51M | 0.02% |
88,205
-45,657
| -34% | -$668K |
|
607
SLB Ltd
SLB
$80.1B
| $1.51M | 0.02% |
20,456
+1,874
| +10% | +$132K |
|
|
NCI
608
DELISTED
Navigant Consulting, Inc.
NCI
| $1.5M | 0.02% |
+95,159
| New | +$1.46M |
|
|
HIBB
609
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.5M | 0.02% |
41,717
-524,554
| -93% | -$17.5M |
|
|
ALXN
610
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.49M | 0.02% |
+10,684
| New | +$1.57M |
|
|
MANT
611
DELISTED
Mantech International Corp
MANT
| $1.49M | 0.02% |
46,438
+7,470
| +19% | +$218K |
|
|
CORE
612
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.46M | 0.02% |
+35,756
| New | +$1.37M |
|
613
Manhattan Associates
MANH
$12.4B
| $1.44M | 0.02% |
25,294
+16,400
| +184% | +$912K |
|
|
TVPT
614
DELISTED
Travelport Worldwide Limited
TVPT
| $1.43M | 0.02% |
104,437
-417,140
| -80% | -$5.01M |
|
|
OME
615
DELISTED
Omega Protein
OME
| $1.41M | 0.02% |
82,935
+15,232
| +22% | +$312K |
|
|
DNKN
616
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $1.4M | 0.02% |
+29,707
| New | +$1.28M |
|
617
Sanofi
SNY
$109B
| $1.39M | 0.02% |
+34,720
| New | +$1.39M |
|
618
Aon
AON
$76.2B
| $1.38M | 0.02% |
+13,161
| New | +$1.23M |
|
619
Consolidated Edison
ED
$39.8B
| $1.37M | 0.02% |
+17,898
| New | +$1.27M |
|
620
Geron
GERN
$977M
| $1.36M | 0.02% |
466,859
+166,873
| +56% | +$500K |
|
621
Lumentum
LITE
$74.5B
| $1.36M | 0.02% |
50,469
-72,957
| -59% | -$1.69M |
|
622
Imperial Oil
IMO
$66.2B
| $1.35M | 0.02% |
+40,576
| New | +$1.27M |
|
|
BKI
623
DELISTED
Black Knight, Inc. Common Stock
BKI
| $1.35M | 0.02% |
+43,485
| New | +$1.28M |
|
|
HSNI
624
DELISTED
HSN, Inc.
HSNI
| $1.33M | 0.02% |
+25,517
| New | +$1.27M |
|
|
AVP
625
DELISTED
Avon Products, Inc.
AVP
| $1.33M | 0.01% |
275,950
-3,152,236
| -92% | -$11.3M |
|
Similar funds
Joel Greenblatt's Q1 2016 Portfolio in Review
As of Q1 2016, Joel Greenblatt held 1,164 positions worth $8.92B, down 3.1% from $9.21B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Joel Greenblatt withdrew a net $529M in Q1 2016, closing 214 positions and reducing 363 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $85.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in RTX Corp worth $86M.
- Joel Greenblatt's largest Q1 2016 buy was RTX Corp: 1,365,401 shares worth $86M.
- Joel Greenblatt added most to eBay in Q1 2016, an estimated $65.8M increase.
- Joel Greenblatt's biggest Q1 2016 reduction was Sanderson Farms Inc, cutting an estimated $65.9M.
- Joel Greenblatt fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $85.2M.
- Joel Greenblatt's ten largest holdings make up 8.6% of its $8.92B portfolio in Q1 2016.
- Joel Greenblatt opened 311 new positions and closed 214 in Q1 2016.
- Joel Greenblatt's portfolio value fell 3.1% quarter-over-quarter to $8.92B.
Based on Gotham Asset Management's 13F filing for Q1 2016, filed 16 May 2016.