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 | |
|---|---|---|---|---|---|---|
|
LHCG
651
DELISTED
LHC Group LLC
LHCG
| $898K | 0.01% |
+13,227
| New | +$790K |
|
|
TUP
652
DELISTED
Tupperware Brands Corporation
TUP
| $894K | 0.01% |
12,731
+7,218
| +131% | +$503K |
|
653
Qualys
QLYS
$6.17B
| $893K | 0.01% |
21,878
-4,319
| -16% | -$173K |
|
|
INSY
654
DELISTED
Insys Therapeutics, Inc.
INSY
| $892K | 0.01% |
70,484
-128,090
| -65% | -$1.52M |
|
655
Cameco
CCJ
$44.5B
| $891K | 0.01% |
97,966
-340,847
| -78% | -$3.39M |
|
|
B
656
DELISTED
Barnes Group Inc.
B
| $891K | 0.01% |
15,229
-4,497
| -23% | -$248K |
|
657
Willis Towers Watson
WTW
$32.6B
| $885K | 0.01% |
+6,083
| New | +$850K |
|
658
Paycom
PAYC
$10.3B
| $881K | 0.01% |
+12,877
| New | +$828K |
|
|
IMPV
659
DELISTED
Imperva, Inc.
IMPV
| $858K | 0.01% |
17,921
+9,212
| +106% | +$430K |
|
660
QuidelOrtho
QDEL
$994M
| $856K | 0.01% |
+31,536
| New | +$781K |
|
661
Broadcom
AVGO
$1.71T
| $854K | 0.01% |
+36,660
| New | +$850K |
|
|
KEM
662
DELISTED
KEMET Corporation
KEM
| $854K | 0.01% |
66,727
+33,268
| +99% | +$423K |
|
663
Public Storage
PSA
$60.7B
| $852K | 0.01% |
4,086
+291
| +8% | +$62.6K |
|
|
ALJ
664
DELISTED
Alon USA Energy Inc
ALJ
| $852K | 0.01% |
+63,961
| New | +$795K |
|
665
ePlus
PLUS
$2.25B
| $838K | 0.01% |
+22,624
| New | +$820K |
|
666
Sinclair Inc
SBGI
$1.05B
| $838K | 0.01% |
25,456
-390,913
| -94% | -$14.1M |
|
667
Insperity
NSP
$1.99B
| $831K | 0.01% |
+23,412
| New | +$948K |
|
668
Zillow
Z
$8.33B
| $831K | 0.01% |
+16,947
| New | +$710K |
|
|
MDP
669
DELISTED
Meredith Corporation
MDP
| $825K | 0.01% |
13,879
-22,491
| -62% | -$1.31M |
|
|
DBD
670
DELISTED
Diebold Nixdorf Incorporated
DBD
| $822K | 0.01% |
+29,370
| New | +$813K |
|
671
TTEC Holdings
TTEC
$67M
| $807K | 0.01% |
+19,787
| New | +$717K |
|
672
Costco
COST
$431B
| $802K | 0.01% |
+5,015
| New | +$864K |
|
673
Dover
DOV
$27.4B
| $801K | 0.01% |
12,366
-49,992
| -80% | -$3.26M |
|
674
Jefferies Financial Group
JEF
$12B
| $796K | 0.01% |
+33,979
| New | +$774K |
|
675
Littelfuse
LFUS
$10.2B
| $788K | 0.01% |
4,775
+1,901
| +66% | +$305K |
|
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.