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 | |
|---|---|---|---|---|---|---|
|
USCR
601
DELISTED
U S Concrete, Inc.
USCR
| $1.27M | 0.02% |
+16,162
| New | +$1.1M |
|
602
Mativ Holdings
MATV
$676M
| $1.27M | 0.02% |
34,082
-94,056
| -73% | -$3.72M |
|
|
SEM
603
DELISTED
Select Medical
SEM
| $1.26M | 0.02% |
152,569
-682,317
| -82% | -$5.12M |
|
604
Azenta
AZTA
$1.44B
| $1.26M | 0.02% |
58,159
+17,834
| +44% | +$452K |
|
|
XCRA
605
DELISTED
Xcerra Corporation
XCRA
| $1.26M | 0.02% |
+128,895
| New | +$1.25M |
|
606
Teladoc Health
TDOC
$1.13B
| $1.26M | 0.02% |
36,199
+20,851
| +136% | +$608K |
|
|
WRK
607
DELISTED
WestRock Company
WRK
| $1.23M | 0.02% |
21,707
-16,192
| -43% | -$878K |
|
608
Designer Brands
DBI
$297M
| $1.23M | 0.02% |
69,191
-97,552
| -59% | -$1.82M |
|
609
CMS Energy
CMS
$21.5B
| $1.21M | 0.02% |
+26,109
| New | +$1.21M |
|
|
SCHW
610
Charles Schwab
SCHW
$197B
| $1.2M | 0.02% |
27,928
-20,933
| -43% | -$838K |
|
611
NiSource
NI
$19.6B
| $1.2M | 0.02% |
47,196
+36,172
| +328% | +$901K |
|
612
Packaging Corp of America
PKG
$22.2B
| $1.2M | 0.02% |
10,732
-8,708
| -45% | -$877K |
|
613
Iron Mountain
IRM
$36.1B
| $1.19M | 0.02% |
34,589
+495
| +1% | +$17.3K |
|
|
STKL
614
DELISTED
SunOpta
STKL
| $1.19M | 0.02% |
+116,281
| New | +$972K |
|
615
Cadence Design Systems
CDNS
$87B
| $1.17M | 0.02% |
35,053
-12,163
| -26% | -$405K |
|
616
Koppers
KOP
$867M
| $1.15M | 0.02% |
31,933
-51,807
| -62% | -$2M |
|
617
OneSpan
OSPN
$575M
| $1.15M | 0.02% |
80,360
-53,510
| -40% | -$735K |
|
618
Digital Realty Trust
DLR
$69.8B
| $1.14M | 0.02% |
10,111
-5,558
| -35% | -$636K |
|
619
GSK
GSK
$104B
| $1.14M | 0.02% |
21,196
+882
| +4% | +$47K |
|
620
TriMas Corp
TRS
$1.42B
| $1.14M | 0.02% |
54,687
+27,836
| +104% | +$601K |
|
621
Chemours
CC
$2.32B
| $1.13M | 0.02% |
29,812
-182,987
| -86% | -$7.22M |
|
622
Carter's
CRI
$1.26B
| $1.13M | 0.02% |
12,662
-192,149
| -94% | -$16.9M |
|
|
UNT
623
DELISTED
UNIT Corporation
UNT
| $1.13M | 0.02% |
60,096
+17,402
| +41% | +$346K |
|
|
FRAN
624
DELISTED
Francesca's Holdings Corporation
FRAN
| $1.11M | 0.02% |
8,435
+1,739
| +26% | +$282K |
|
625
UDR
UDR
$12.3B
| $1.1M | 0.02% |
28,367
-2,675
| -9% | -$102K |
|
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.