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 | |
|---|---|---|---|---|---|---|
676
Blackrock
BLK
$182B
| $779K | 0.01% |
+1,843
| New | +$735K |
|
677
John Wiley & Sons Class A
WLY
$2.7B
| $779K | 0.01% |
+14,768
| New | +$772K |
|
678
Alnylam Pharmaceuticals
ALNY
$31.6B
| $772K | 0.01% |
+9,684
| New | +$619K |
|
679
Everest Group
EG
$14.4B
| $764K | 0.01% |
+2,999
| New | +$740K |
|
680
Boston Beer
SAM
$1.95B
| $756K | 0.01% |
5,718
-38,870
| -87% | -$5.44M |
|
681
Canadian Pacific Kansas City
CP
$83.2B
| $755K | 0.01% |
23,465
-184,930
| -89% | -$5.73M |
|
682
Eli Lilly
LLY
$1.11T
| $741K | 0.01% |
8,999
-439,592
| -98% | -$35.9M |
|
|
LQ
683
DELISTED
La Quinta Holdings Inc.
LQ
| $740K | 0.01% |
50,102
-384,415
| -88% | -$5.43M |
|
684
CGI
GIB
$15.5B
| $738K | 0.01% |
14,444
-30,763
| -68% | -$1.5M |
|
685
CSX Corp
CSX
$95.3B
| $724K | 0.01% |
39,801
-366,771
| -90% | -$6.28M |
|
|
BKS
686
DELISTED
Barnes & Noble
BKS
| $722K | 0.01% |
94,941
+55,470
| +141% | +$435K |
|
687
RH
RH
$2.71B
| $705K | 0.01% |
+10,929
| New | +$578K |
|
688
Corcept Therapeutics
CORT
$13.3B
| $704K | 0.01% |
59,657
+47,968
| +410% | +$521K |
|
689
Clorox
CLX
$13B
| $703K | 0.01% |
+5,273
| New | +$712K |
|
|
B
690
Barrick Mining
B
$79.3B
| $697K | 0.01% |
43,793
-370,927
| -89% | -$6.35M |
|
691
Enanta Pharmaceuticals
ENTA
$411M
| $693K | 0.01% |
19,268
-19,313
| -50% | -$618K |
|
692
Chipotle Mexican Grill
CMG
$48.1B
| $690K | 0.01% |
+82,950
| New | +$770K |
|
693
PNC Financial Services
PNC
$97.2B
| $690K | 0.01% |
+5,528
| New | +$667K |
|
|
MEET
694
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $683K | 0.01% |
135,288
+22,848
| +20% | +$119K |
|
|
695
Boston Scientific
BSX
$71B
| $682K | 0.01% |
24,597
-1,639,485
| -99% | -$43.5M |
|
696
Prudential Financial
PRU
$42.3B
| $679K | 0.01% |
6,276
-887
| -12% | -$94.2K |
|
697
Alamo Group
ALG
$2.01B
| $672K | 0.01% |
7,404
-3,969
| -35% | -$331K |
|
|
GMS
698
DELISTED
GMS Inc
GMS
| $668K | 0.01% |
+23,761
| New | +$797K |
|
699
Analog Devices
ADI
$181B
| $656K | 0.01% |
8,435
-456,817
| -98% | -$36.3M |
|
700
Brady Corp
BRC
$4.45B
| $644K | 0.01% |
+19,005
| New | +$707K |
|
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.