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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Diodes
DIOD
$4.33B
| $954K | 0.01% |
+39,668
| New | +$987K |
|
677
Visteon
VC
$2.83B
| $953K | 0.01% |
9,733
-496
| -5% | -$45.7K |
|
678
AngioDynamics
ANGO
$651M
| $952K | 0.01% |
54,881
-6,263
| -10% | -$105K |
|
|
NP
679
DELISTED
Neenah, Inc. Common Stock
NP
| $952K | 0.01% |
12,738
+139
| +1% | +$11K |
|
680
Realty Income
O
$59.2B
| $950K | 0.01% |
+16,463
| New | +$953K |
|
|
KAMN
681
DELISTED
Kaman Corp
KAMN
| $950K | 0.01% |
+19,732
| New | +$988K |
|
|
KNL
682
DELISTED
Knoll, Inc.
KNL
| $932K | 0.01% |
39,157
-27,423
| -41% | -$678K |
|
|
NVRO
683
DELISTED
NEVRO CORP.
NVRO
| $931K | 0.01% |
+9,939
| New | +$900K |
|
684
US Bancorp
USB
$96.7B
| $930K | 0.01% |
18,051
+7,525
| +71% | +$401K |
|
685
Vornado Realty Trust
VNO
$7.07B
| $928K | 0.01% |
+11,450
| New | +$979K |
|
686
Moog Inc Class A
MOG.A
$12.3B
| $927K | 0.01% |
13,759
-33,976
| -71% | -$2.25M |
|
687
Nordson
NDSN
$18.5B
| $918K | 0.01% |
7,473
-35,936
| -83% | -$4.26M |
|
|
AGN
688
DELISTED
Allergan plc
AGN
| $907K | 0.01% |
3,796
-112,995
| -97% | -$26.3M |
|
|
NFX
689
DELISTED
Newfield Exploration
NFX
| $905K | 0.01% |
+24,531
| New | +$954K |
|
690
Azenta
AZTA
$1.64B
| $903K | 0.01% |
40,325
+23,777
| +144% | +$472K |
|
|
GTT
691
DELISTED
GTT Communications, Inc.
GTT
| $895K | 0.01% |
36,740
+11,137
| +43% | +$302K |
|
|
ATVI
692
DELISTED
Activision Blizzard
ATVI
| $878K | 0.01% |
17,608
-34,779
| -66% | -$1.53M |
|
693
Alamo Group
ALG
$2B
| $867K | 0.01% |
+11,373
| New | +$868K |
|
694
Methode Electronics
MEI
$507M
| $854K | 0.01% |
18,728
+5,187
| +38% | +$221K |
|
695
Tetra Tech
TTEK
$9.47B
| $851K | 0.01% |
104,110
-1,520,940
| -94% | -$12.6M |
|
696
Expedia Group
EXPE
$38.6B
| $850K | 0.01% |
6,735
-9,147
| -58% | -$1.12M |
|
|
BHI
697
DELISTED
Baker Hughes
BHI
| $848K | 0.01% |
+14,181
| New | +$863K |
|
698
Vail Resorts
MTN
$5.45B
| $842K | 0.01% |
+4,389
| New | +$778K |
|
699
NRG Energy
NRG
$23.8B
| $842K | 0.01% |
45,005
-11,404
| -20% | -$189K |
|
700
Interface
TILE
$2.25B
| $837K | 0.01% |
43,918
+18,885
| +75% | +$349K |
|
Similar funds
Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.