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 |
Hewlett Packard
HPE
|
+$62.1M |
| 2 |
Walt Disney
DIS
|
+$54.6M |
| 3 |
Danaher
DHR
|
+$47.7M |
| 4 |
Home Depot
HD
|
+$46.1M |
| 5 |
Applied Materials
AMAT
|
+$39.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.4M |
| 2 |
IM
Ingram Micro
IM
|
+$51M |
| 3 |
FIT
Fitbit, Inc. Class A common stock
FIT
|
+$44.5M |
| 4 |
Western Digital
WDC
|
+$44.3M |
| 5 |
Zimmer Biomet
ZBH
|
+$44.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.28% |
| 2 | Industrials | 20.14% |
| 3 | Consumer Discretionary | 17.92% |
| 4 | Healthcare | 16.75% |
| 5 | Consumer Staples | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Scansource
SCSC
$1.11B
| $850K | 0.01% |
23,295
+15,880
| +214% | +$619K |
|
627
Progress Software
PRGS
$1.8B
| $846K | 0.01% |
31,115
+6,934
| +29% | +$198K |
|
|
BCR
628
DELISTED
CR Bard Inc.
BCR
| $843K | 0.01% |
3,760
-1,822
| -33% | -$410K |
|
629
Waste Management
WM
$90.8B
| $842K | 0.01% |
13,212
+5,466
| +71% | +$357K |
|
630
Regis Corp
RGS
$68.2M
| $839K | 0.01% |
3,341
+762
| +30% | +$200K |
|
631
Meta Platforms (Facebook)
META
$1.41T
| $834K | 0.01% |
6,501
-127,227
| -95% | -$15.8M |
|
632
MarineMax
HZO
$1.15B
| $831K | 0.01% |
+39,671
| New | +$779K |
|
633
Kelly Services Class A
KELYA
$593M
| $822K | 0.01% |
42,760
-43,567
| -50% | -$852K |
|
634
Murphy USA
MUSA
$10.5B
| $821K | 0.01% |
+11,508
| New | +$859K |
|
635
Viatris
VTRS
$18.8B
| $818K | 0.01% |
+21,460
| New | +$954K |
|
636
Koppers
KOP
$868M
| $814K | 0.01% |
+25,299
| New | +$798K |
|
637
TriNet
TNET
$3.22B
| $811K | 0.01% |
+37,498
| New | +$798K |
|
|
PIR
638
DELISTED
Pier 1 Imports, Inc.
PIR
| $802K | 0.01% |
9,452
-13,175
| -58% | -$1.24M |
|
639
Textron
TXT
$14.2B
| $801K | 0.01% |
20,140
-413,180
| -95% | -$16.3M |
|
|
VSI
640
DELISTED
Vitamin Shoppe Inc.
VSI
| $800K | 0.01% |
29,797
+13,319
| +81% | +$378K |
|
641
Nasdaq
NDAQ
$55.3B
| $798K | 0.01% |
35,439
+9,003
| +34% | +$208K |
|
642
Pool Corp
POOL
$6.81B
| $798K | 0.01% |
+8,439
| New | +$828K |
|
643
Globant
GLOB
$1.72B
| $797K | 0.01% |
18,926
-3,890
| -17% | -$159K |
|
644
Universal Display
OLED
$3.91B
| $792K | 0.01% |
+14,260
| New | +$904K |
|
645
Invesco
IVZ
$14.3B
| $789K | 0.01% |
25,236
+2,272
| +10% | +$66.8K |
|
646
Enviri
NVRI
$595M
| $780K | 0.01% |
+78,543
| New | +$749K |
|
647
RBC Bearings
RBC
$15.8B
| $777K | 0.01% |
10,159
+2,313
| +29% | +$177K |
|
|
NUAN
648
DELISTED
Nuance Communications, Inc.
NUAN
| $776K | 0.01% |
61,813
+36,187
| +141% | +$474K |
|
|
SDRL
649
DELISTED
Seadrill Limited Common Stock
SDRL
| $774K | 0.01% |
1,219
-10,004
| -89% | -$7.18M |
|
|
CUDA
650
DELISTED
Barracuda Networks, Inc.
CUDA
| $769K | 0.01% |
+30,192
| New | +$663K |
|
Similar funds
Joel Greenblatt's Q3 2016 Portfolio in Review
As of Q3 2016, Joel Greenblatt held 1,152 positions worth $7.68B, down 7.9% from $8.34B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Joel Greenblatt withdrew a net $1.05B in Q3 2016, closing 241 positions and reducing 391 holdings. Its most notable exit was Western Digital, an estimated $44.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Danaher worth $46.7M.
- Joel Greenblatt's largest Q3 2016 buy was Danaher: 672,395 shares worth $46.7M.
- Joel Greenblatt added most to Hewlett Packard in Q3 2016, an estimated $62.1M increase.
- Joel Greenblatt's biggest Q3 2016 reduction was RTX Corp, cutting an estimated $59.4M.
- Joel Greenblatt fully exited Western Digital in Q3 2016, selling an estimated $44.3M.
- Joel Greenblatt's ten largest holdings make up 9.6% of its $7.68B portfolio in Q3 2016.
- Joel Greenblatt opened 218 new positions and closed 241 in Q3 2016.
- Joel Greenblatt's portfolio value fell 7.9% quarter-over-quarter to $7.68B.
Based on Gotham Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.