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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
KLA
KLAC
$240B
| $48.6M | 0.47% |
9,720,780
+9,110,240
| +1,492% | +$46.8M |
|
|
PARA
52
DELISTED
Paramount Global Class B
PARA
| $48.5M | 0.47% |
1,215,480
+1,079,683
| +795% | +$52.4M |
|
53
D.R. Horton
DHI
$41.5B
| $48.5M | 0.47% |
+1,651,256
| New | +$48.6M |
|
|
MJN
54
DELISTED
Mead Johnson Nutrition Company
MJN
| $48.4M | 0.47% |
687,078
+488,149
| +245% | +$40.2M |
|
|
BBBY
55
DELISTED
Bed Bath & Beyond Inc
BBBY
| $48M | 0.47% |
842,579
+241,647
| +40% | +$15.4M |
|
56
Darden Restaurants
DRI
$25.2B
| $47.7M | 0.47% |
779,325
+126,320
| +19% | +$8.01M |
|
57
Flowers Foods
FLO
$1.47B
| $45.9M | 0.45% |
1,855,041
-210,499
| -10% | -$4.78M |
|
|
58
Edgewell Personal Care
EPC
$1.32B
| $45.8M | 0.45% |
+561,866
| New | +$50.8M |
|
59
Capri Holdings
CPRI
$1.55B
| $44.9M | 0.44% |
1,063,134
-845,982
| -44% | -$35.8M |
|
60
Brunswick
BC
$5.24B
| $44.6M | 0.43% |
+930,344
| New | +$47.3M |
|
|
PRXL
61
DELISTED
Parexel International Corp
PRXL
| $44.1M | 0.43% |
711,727
-206,929
| -23% | -$13.9M |
|
62
Landstar System
LSTR
$6.33B
| $44M | 0.43% |
693,573
+608,148
| +712% | +$41.4M |
|
63
Kennametal
KMT
$2.28B
| $42.1M | 0.41% |
1,692,907
-158,795
| -9% | -$4.74M |
|
64
KBR
KBR
$4.86B
| $41.7M | 0.41% |
+2,503,059
| New | +$44.1M |
|
65
RB Global
RBA
$16.1B
| $41M | 0.4% |
1,584,259
+1,236,501
| +356% | +$33.8M |
|
66
Lowe's Companies
LOW
$121B
| $41M | 0.4% |
594,328
-16,139
| -3% | -$1.11M |
|
67
Cisco
CSCO
$438B
| $40.3M | 0.39% |
1,534,629
+1,017,246
| +197% | +$27.5M |
|
68
Caterpillar
CAT
$381B
| $39.8M | 0.39% |
608,253
+323,751
| +114% | +$24.8M |
|
|
AMAG
69
DELISTED
AMAG Pharmaceuticals
AMAG
| $39.6M | 0.39% |
996,545
+485,948
| +95% | +$30.2M |
|
70
United Therapeutics
UTHR
$22B
| $39.5M | 0.39% |
301,205
+40,080
| +15% | +$6.43M |
|
71
Strategy Inc
MSTR
$47.4B
| $39.3M | 0.38% |
2,001,120
+669,930
| +50% | +$13.3M |
|
72
Genuine Parts
GPC
$18.5B
| $38.7M | 0.38% |
466,287
+186,793
| +67% | +$16.1M |
|
73
Dover
DOV
$27.2B
| $38.5M | 0.38% |
834,428
+206,943
| +33% | +$10.5M |
|
74
BCE
BCE
$22.1B
| $38.5M | 0.38% |
940,313
+768,319
| +447% | +$31.5M |
|
|
OUTR
75
DELISTED
OUTERWALL INC
OUTR
| $38.4M | 0.37% |
674,188
-93,331
| -12% | -$6.4M |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.