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 |
Booking.com
BKNG
|
+$52.8M |
| 2 |
Abbott
ABT
|
+$46.5M |
| 3 |
Eaton
ETN
|
+$45.4M |
| 4 |
Tyson Foods
TSN
|
+$42.1M |
| 5 |
COL
Rockwell Collins
COL
|
+$41.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$49.3M |
| 2 |
Lockheed Martin
LMT
|
+$35.8M |
| 3 |
IBM
IBM
|
+$34.9M |
| 4 |
Walt Disney
DIS
|
+$33.6M |
| 5 |
FedEx
FDX
|
+$33.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.82% |
| 2 | Technology | 18.24% |
| 3 | Consumer Discretionary | 17.28% |
| 4 | Healthcare | 15.21% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Petrobras Class A
PBR.A
$111B
| $542K | 0.01% |
52,701
-2,070
| -4% | -$20.4K |
|
|
OA
702
DELISTED
Orbital ATK, Inc.
OA
| $542K | 0.01% |
+4,122
| New | +$547K |
|
703
Arrow Electronics
ARW
$10.7B
| $538K | 0.01% |
+6,688
| New | +$537K |
|
704
Astec Industries
ASTE
$1B
| $536K | 0.01% |
+9,166
| New | +$492K |
|
705
Blackbaud
BLKB
$2.16B
| $530K | 0.01% |
5,609
+1,653
| +42% | +$159K |
|
|
RTN
706
DELISTED
Raytheon Company
RTN
| $529K | 0.01% |
+2,815
| New | +$525K |
|
707
Silicon Laboratories
SLAB
$7.27B
| $522K | 0.01% |
+5,917
| New | +$532K |
|
708
Brookdale Senior Living
BKD
$2.82B
| $514K | 0.01% |
52,978
-65,030
| -55% | -$663K |
|
709
Azenta
AZTA
$1.64B
| $506K | 0.01% |
21,205
+11,005
| +108% | +$312K |
|
|
PX
710
DELISTED
Praxair Inc
PX
| $505K | 0.01% |
3,262
-50
| -2% | -$7.42K |
|
711
State Street
STT
$51.4B
| $504K | 0.01% |
5,163
+1,078
| +26% | +$103K |
|
712
ACI Worldwide
ACIW
$5.24B
| $501K | 0.01% |
22,082
-67,779
| -75% | -$1.57M |
|
713
Wynn Resorts
WYNN
$10.3B
| $499K | 0.01% |
2,957
-1,596
| -35% | -$246K |
|
714
Carlisle Companies
CSL
$14.6B
| $494K | 0.01% |
+4,345
| New | +$474K |
|
|
CPLA
715
DELISTED
Capella Education Company
CPLA
| $493K | 0.01% |
6,368
-12,668
| -67% | -$984K |
|
|
DFS
716
DELISTED
Discover Financial Services
DFS
| $485K | 0.01% |
6,308
+864
| +16% | +$59.4K |
|
|
ATSG
717
DELISTED
Air Transport Services Group
ATSG
| $484K | 0.01% |
+20,920
| New | +$500K |
|
718
Jefferies Financial Group
JEF
$12.1B
| $481K | 0.01% |
20,292
+4,186
| +26% | +$96.5K |
|
719
WEC Energy
WEC
$34.5B
| $479K | 0.01% |
7,215
-29,452
| -80% | -$1.98M |
|
720
Celestica
CLS
$37.4B
| $478K | 0.01% |
45,576
-37,455
| -45% | -$414K |
|
721
DTE Energy
DTE
$28.1B
| $466K | 0.01% |
4,998
-21,138
| -81% | -$2.01M |
|
|
SYKE
722
DELISTED
SYKES Enterprises Inc
SYKE
| $462K | 0.01% |
+14,705
| New | +$443K |
|
723
AngioDynamics
ANGO
$651M
| $461K | 0.01% |
27,707
-21,486
| -44% | -$367K |
|
724
Gray Television
GTN
$509M
| $459K | 0.01% |
+27,423
| New | +$428K |
|
725
Roper Technologies
ROP
$40.7B
| $459K | 0.01% |
1,774
-10,339
| -85% | -$2.65M |
|
Similar funds
Joel Greenblatt's Q4 2017 Portfolio in Review
As of Q4 2017, Joel Greenblatt held 1,145 positions worth $6.89B, up 1.1% from $6.81B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $293M in Q4 2017, closing 226 positions and reducing 374 holdings. Its most notable exit was IBM, an estimated $34.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Eaton worth $46.2M.
- Joel Greenblatt's largest Q4 2017 buy was Eaton: 584,166 shares worth $46.2M.
- Joel Greenblatt added most to Booking.com in Q4 2017, an estimated $52.8M increase.
- Joel Greenblatt's biggest Q4 2017 reduction was Intuit, cutting an estimated $49.3M.
- Joel Greenblatt fully exited IBM in Q4 2017, selling an estimated $34.9M.
- Joel Greenblatt's ten largest holdings make up 9% of its $6.89B portfolio in Q4 2017.
- Joel Greenblatt opened 248 new positions and closed 226 in Q4 2017.
- Joel Greenblatt's portfolio value rose 1.1% quarter-over-quarter to $6.89B.
Based on Gotham Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.