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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
National Presto Industries
NPK
$1.1B
| $938K | 0.01% |
+7,561
| New | +$816K |
|
602
MSCI
MSCI
$41.2B
| $935K | 0.01% |
+5,650
| New | +$891K |
|
|
BLUE
603
DELISTED
bluebird bio
BLUE
| $932K | 0.01% |
459
-86
| -16% | -$196K |
|
604
Novanta
NOVT
$5.35B
| $916K | 0.01% |
14,708
+9,124
| +163% | +$558K |
|
605
Federal Signal
FSS
$7.39B
| $914K | 0.01% |
39,225
+26,840
| +217% | +$624K |
|
606
Myriad Genetics
MYGN
$293M
| $888K | 0.01% |
23,751
-9,220
| -28% | -$311K |
|
|
NCI
607
DELISTED
Navigant Consulting, Inc.
NCI
| $888K | 0.01% |
40,127
-92,136
| -70% | -$2.1M |
|
|
OPTU
608
Optimum Communications Inc
OPTU
$331M
| $879K | 0.01% |
+51,508
| New | +$951K |
|
609
Laureate Education
LAUR
$5.18B
| $851K | 0.01% |
59,372
+28,145
| +90% | +$415K |
|
610
Zumiez
ZUMZ
$310M
| $832K | 0.01% |
33,205
+10,498
| +46% | +$261K |
|
|
VRNT
611
DELISTED
Verint Systems
VRNT
| $824K | 0.01% |
+36,471
| New | +$793K |
|
612
Cohu
COHU
$2.44B
| $823K | 0.01% |
33,571
-89,123
| -73% | -$2.1M |
|
613
Xcel Energy
XEL
$48B
| $823K | 0.01% |
18,024
+7,743
| +75% | +$347K |
|
614
Enphase Energy
ENPH
$4.92B
| $815K | 0.01% |
+121,052
| New | +$626K |
|
615
Penumbra
PEN
$12.8B
| $805K | 0.01% |
5,828
+292
| +5% | +$41.6K |
|
|
ULTI
616
DELISTED
Ultimate Software Group Inc
ULTI
| $805K | 0.01% |
+3,127
| New | +$803K |
|
617
Enbridge
ENB
$109B
| $795K | 0.01% |
22,286
-389,909
| -95% | -$12.3M |
|
618
TTM Technologies
TTMI
$11.3B
| $790K | 0.01% |
44,806
-182,854
| -80% | -$3.05M |
|
619
Edgewell Personal Care
EPC
$1.32B
| $787K | 0.01% |
15,604
-27,311
| -64% | -$1.25M |
|
620
Designer Brands
DBI
$301M
| $775K | 0.01% |
30,015
-98,279
| -77% | -$2.35M |
|
621
Douglas Dynamics
PLOW
$966M
| $775K | 0.01% |
16,154
+7,439
| +85% | +$336K |
|
622
Gildan
GIL
$10.2B
| $773K | 0.01% |
27,447
-269,114
| -91% | -$7.81M |
|
|
HIBB
623
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $771K | 0.01% |
33,663
+15,326
| +84% | +$399K |
|
624
Advanced Micro Devices
AMD
$750B
| $750K | 0.01% |
50,023
-874,022
| -95% | -$11.1M |
|
625
Tronox
TROX
$856M
| $746K | 0.01% |
37,924
-397,156
| -91% | -$7.4M |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.