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 |
General Dynamics
GD
|
+$58M |
| 2 |
Wells Fargo
WFC
|
+$39.8M |
| 3 |
Northrop Grumman
NOC
|
+$39.6M |
| 4 |
Pfizer
PFE
|
+$37.2M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.8M |
| 2 |
Cigna
CI
|
+$42M |
| 3 |
Altria Group
MO
|
+$28.5M |
| 4 |
Philip Morris
PM
|
+$28.3M |
| 5 |
Parker-Hannifin
PH
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Industrials | 18.96% |
| 3 | Consumer Discretionary | 15.28% |
| 4 | Healthcare | 13.64% |
| 5 | Consumer Staples | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Comfort Systems
FIX
$56.7B
| $1.23M | 0.02% |
+23,497
| New | +$1.17M |
|
602
Jones Lang LaSalle
JLL
$17.8B
| $1.23M | 0.02% |
+7,984
| New | +$1.2M |
|
|
HDS
603
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.22M | 0.02% |
+28,147
| New | +$1.17M |
|
|
CORE
604
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.21M | 0.02% |
32,640
-39,783
| -55% | -$1.25M |
|
|
FRC
605
DELISTED
First Republic Bank
FRC
| $1.21M | 0.02% |
+11,993
| New | +$1.18M |
|
606
Thor Industries
THO
$4.14B
| $1.2M | 0.02% |
19,307
-151,563
| -89% | -$9.6M |
|
607
Laureate Education
LAUR
$5.14B
| $1.2M | 0.02% |
80,377
-9,309
| -10% | -$141K |
|
608
Citizens Financial Group
CFG
$29.6B
| $1.2M | 0.02% |
36,984
+27,391
| +286% | +$949K |
|
609
KeyCorp
KEY
$23.4B
| $1.2M | 0.02% |
76,200
+59,482
| +356% | +$992K |
|
610
Dick's Sporting Goods
DKS
$16B
| $1.2M | 0.02% |
32,568
-28,853
| -47% | -$1.03M |
|
|
AMED
611
DELISTED
Amedisys
AMED
| $1.2M | 0.02% |
9,693
+3,188
| +49% | +$400K |
|
612
Ventas
VTR
$47.8B
| $1.18M | 0.02% |
18,561
+13,906
| +299% | +$869K |
|
|
CASA
613
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $1.18M | 0.02% |
142,473
-25,518
| -15% | -$283K |
|
|
AVP
614
DELISTED
Avon Products, Inc.
AVP
| $1.17M | 0.02% |
399,102
-211,420
| -35% | -$532K |
|
615
National Presto Industries
NPK
$1.1B
| $1.17M | 0.02% |
10,795
-4,500
| -29% | -$524K |
|
616
BJs Wholesale Club
BJ
$12.7B
| $1.16M | 0.02% |
42,220
+33,017
| +359% | +$842K |
|
617
Prestige Consumer Healthcare
PBH
$2.46B
| $1.16M | 0.02% |
38,688
+1,365
| +4% | +$39.1K |
|
618
Regenxbio
RGNX
$547M
| $1.16M | 0.02% |
20,169
-1,679
| -8% | -$83.2K |
|
619
Acuity Brands
AYI
$10.2B
| $1.15M | 0.02% |
9,616
+5,145
| +115% | +$640K |
|
|
CMA
620
DELISTED
Comerica
CMA
| $1.15M | 0.02% |
15,696
+12,425
| +380% | +$996K |
|
|
GOOS
621
Canada Goose Holdings
GOOS
$794M
| $1.14M | 0.02% |
+23,739
| New | +$1.21M |
|
622
Gibraltar Industries
ROCK
$1.38B
| $1.14M | 0.02% |
28,036
-2,017
| -7% | -$76.9K |
|
623
Acushnet Holdings
GOLF
$5.25B
| $1.14M | 0.02% |
49,175
+1,135
| +2% | +$26.6K |
|
624
FedEx
FDX
$77.9B
| $1.13M | 0.02% |
6,245
-8,059
| -56% | -$1.42M |
|
625
West Pharmaceutical
WST
$24.7B
| $1.13M | 0.02% |
10,285
-13,191
| -56% | -$1.37M |
|
Similar funds
Joel Greenblatt's Q1 2019 Portfolio in Review
As of Q1 2019, Joel Greenblatt held 1,284 positions worth $6.83B, up 6.1% from $6.44B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $437M in Q1 2019, closing 124 positions and reducing 485 holdings. Its most notable exit was Cigna, an estimated $42M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in General Dynamics worth $58.2M.
- Joel Greenblatt's largest Q1 2019 buy was General Dynamics: 343,980 shares worth $58.2M.
- Joel Greenblatt added most to Wells Fargo in Q1 2019, an estimated $39.8M increase.
- Joel Greenblatt's biggest Q1 2019 reduction was RTX Corp, cutting an estimated $59.8M.
- Joel Greenblatt fully exited Cigna in Q1 2019, selling an estimated $42M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.83B portfolio in Q1 2019.
- Joel Greenblatt opened 319 new positions and closed 124 in Q1 2019.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $6.83B.
Based on Gotham Asset Management's 13F filing for Q1 2019, filed 15 May 2019.