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 |
PayPal
PYPL
|
+$60.9M |
| 2 |
RTN
Raytheon Company
RTN
|
+$48.5M |
| 3 |
IBM
IBM
|
+$48.3M |
| 4 |
Lockheed Martin
LMT
|
+$48.1M |
| 5 |
Constellation Brands
STZ
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$64M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$48.3M |
| 3 |
Boeing
BA
|
+$41.8M |
| 4 |
Automatic Data Processing
ADP
|
+$34.7M |
| 5 |
Home Depot
HD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.44% |
| 2 | Technology | 18.51% |
| 3 | Consumer Discretionary | 15.16% |
| 4 | Healthcare | 13.95% |
| 5 | Consumer Staples | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
JELD-WEN Holding
JELD
$200M
| $917K | 0.01% |
+64,536
| New | +$1.14M |
|
652
Regenxbio
RGNX
$708M
| $917K | 0.01% |
21,848
-30,643
| -58% | -$1.8M |
|
653
Core Laboratories
CLB
$574M
| $909K | 0.01% |
+15,242
| New | +$1.32M |
|
|
HOLX
654
DELISTED
Hologic
HOLX
| $908K | 0.01% |
22,084
+4,597
| +26% | +$189K |
|
655
Encompass Health
EHC
$11.9B
| $895K | 0.01% |
18,229
-143,363
| -89% | -$8.15M |
|
|
TDAY
656
USA Today Co
TDAY
$950M
| $894K | 0.01% |
77,299
+51,956
| +205% | +$726K |
|
657
Huron Consulting
HURN
$2.57B
| $877K | 0.01% |
+17,100
| New | +$870K |
|
658
Okta
OKTA
$23.5B
| $873K | 0.01% |
+13,688
| New | +$811K |
|
659
Nabors Industries
NBR
$1.37B
| $866K | 0.01% |
8,664
-4,727
| -35% | -$1.04M |
|
|
HUD
660
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $855K | 0.01% |
49,837
+37,675
| +310% | +$741K |
|
661
Sally Beauty Holdings
SBH
$1.55B
| $850K | 0.01% |
+49,847
| New | +$933K |
|
662
Asbury Automotive
ABG
$3.86B
| $844K | 0.01% |
12,665
-97,222
| -88% | -$6.39M |
|
663
Lindsay Corp
LNN
$1.18B
| $842K | 0.01% |
8,743
+3,736
| +75% | +$364K |
|
664
Korn Ferry
KFY
$4.37B
| $837K | 0.01% |
21,168
-64,011
| -75% | -$2.88M |
|
665
Salesforce
CRM
$171B
| $834K | 0.01% |
6,090
-92,873
| -94% | -$12.8M |
|
666
Steven Madden
SHOO
$3.37B
| $833K | 0.01% |
+27,544
| New | +$848K |
|
|
ASNA
667
DELISTED
Ascena Retail Group, Inc.
ASNA
| $832K | 0.01% |
16,575
+6,803
| +70% | +$481K |
|
668
WEC Energy
WEC
$34.5B
| $829K | 0.01% |
11,969
-73,340
| -86% | -$5.15M |
|
669
Mueller Water Products
MWA
$3.89B
| $823K | 0.01% |
+90,389
| New | +$948K |
|
670
Heartland Express
HTLD
$993M
| $819K | 0.01% |
44,765
-19,962
| -31% | -$380K |
|
671
Planet Fitness
PLNT
$4.09B
| $818K | 0.01% |
15,261
-720
| -5% | -$36.9K |
|
|
DMC
672
Del Monte Corp
DMC
$1.48B
| $815K | 0.01% |
+28,827
| New | +$904K |
|
673
Ameren
AEE
$29.4B
| $808K | 0.01% |
+12,385
| New | +$826K |
|
|
B
674
Barrick Mining
B
$78.3B
| $804K | 0.01% |
59,357
-526,171
| -90% | -$6.8M |
|
675
Public Storage
PSA
$60.2B
| $804K | 0.01% |
+3,971
| New | +$811K |
|
Similar funds
Joel Greenblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Joel Greenblatt held 1,186 positions worth $6.44B, down 11% from $7.24B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Joel Greenblatt deployed $382M of net new capital in Q4 2018, opening 269 new positions and adding to 355 existing holdings. Its largest new stake was PayPal: 731,138 shares worth $61.5M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Twenty-First Century Fox, Inc. Class A, an estimated $48.3M trimmed.
- Joel Greenblatt's largest Q4 2018 buy was PayPal: 731,138 shares worth $61.5M.
- Joel Greenblatt added most to Raytheon Company in Q4 2018, an estimated $48.5M increase.
- Joel Greenblatt's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $48.3M.
- Joel Greenblatt fully exited Intuit in Q4 2018, selling an estimated $64M.
- Joel Greenblatt's ten largest holdings make up 9.5% of its $6.44B portfolio in Q4 2018.
- Joel Greenblatt opened 269 new positions and closed 221 in Q4 2018.
- Joel Greenblatt's portfolio value fell 11% quarter-over-quarter to $6.44B.
Based on Gotham Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.