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 | |
|---|---|---|---|---|---|---|
701
Applied Industrial Technologies
AIT
$12.4B
| $641K | 0.01% |
10,849
+183
| +2% | +$11.2K |
|
702
Paylocity
PCTY
$8.1B
| $640K | 0.01% |
+14,162
| New | +$618K |
|
|
HRC
703
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $640K | 0.01% |
8,042
-17,496
| -69% | -$1.32M |
|
|
DPLO
704
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $639K | 0.01% |
+43,166
| New | +$719K |
|
|
NP
705
DELISTED
Neenah, Inc. Common Stock
NP
| $631K | 0.01% |
7,861
-4,877
| -38% | -$379K |
|
706
ITT
ITT
$18.3B
| $630K | 0.01% |
15,679
-143,643
| -90% | -$5.73M |
|
707
Huntington Ingalls Industries
HII
$11.6B
| $622K | 0.01% |
3,340
-12,313
| -79% | -$2.41M |
|
708
T. Rowe Price
TROW
$23.8B
| $621K | 0.01% |
8,372
+4,036
| +93% | +$289K |
|
|
DNKN
709
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $621K | 0.01% |
11,260
-46,232
| -80% | -$2.58M |
|
710
Kulicke & Soffa
KLIC
$4.42B
| $617K | 0.01% |
+32,442
| New | +$683K |
|
|
XL
711
DELISTED
XL Group Ltd.
XL
| $604K | 0.01% |
13,789
+8,072
| +141% | +$340K |
|
|
XYZ
712
Block Inc
XYZ
$49B
| $601K | 0.01% |
+25,599
| New | +$529K |
|
|
TSG
713
DELISTED
The Stars Group Inc.
TSG
| $593K | 0.01% |
33,139
+23,071
| +229% | +$410K |
|
714
Extreme Networks
EXTR
$2.93B
| $590K | 0.01% |
+64,004
| New | +$567K |
|
715
TransUnion
TRU
$16.3B
| $589K | 0.01% |
+13,610
| New | +$564K |
|
|
SYNH
716
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $580K | 0.01% |
9,907
-5,367
| -35% | -$279K |
|
717
Parker-Hannifin
PH
$128B
| $566K | 0.01% |
3,544
-45,265
| -93% | -$7.17M |
|
718
CDW
CDW
$16.5B
| $564K | 0.01% |
9,012
-123,900
| -93% | -$7.41M |
|
719
CAE Inc
CAE
$7.93B
| $561K | 0.01% |
+32,527
| New | +$518K |
|
720
Motorcar Parts of America
MPAA
$219M
| $561K | 0.01% |
+19,883
| New | +$582K |
|
721
America Movil
AMX
$71B
| $556K | 0.01% |
34,908
+22,432
| +180% | +$348K |
|
722
Synaptics
SYNA
$3.69B
| $555K | 0.01% |
+10,725
| New | +$585K |
|
723
Donaldson
DCI
$10.7B
| $553K | 0.01% |
12,152
-91,282
| -88% | -$4.2M |
|
|
KITE
724
DELISTED
Kite Pharma, Inc.
KITE
| $552K | 0.01% |
+5,320
| New | +$434K |
|
725
Timken Company
TKR
$8.54B
| $550K | 0.01% |
+11,894
| New | +$546K |
|
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.