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 |
Humana
HUM
|
+$13M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$12.6M |
| 3 |
PayPal
PYPL
|
+$11.2M |
| 4 |
Lam Research
LRCX
|
+$10.5M |
| 5 |
ON Semiconductor
ON
|
+$8.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$11.8M |
| 2 |
Adobe
ADBE
|
+$11.2M |
| 3 |
Parker-Hannifin
PH
|
+$9.65M |
| 4 |
Walt Disney
DIS
|
+$8.9M |
| 5 |
FedEx
FDX
|
+$8.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Healthcare | 12.01% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 10.05% |
| 5 | Financials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
T-Mobile US
TMUS
$196B
| $9.83M | 0.28% |
70,186
+33,743
| +93% | +$4.85M |
|
52
Verizon
VZ
$205B
| $9.8M | 0.28% |
248,647
+34,466
| +16% | +$1.3M |
|
53
Abbott
ABT
$202B
| $9.78M | 0.28% |
89,066
-13,799
| -13% | -$1.43M |
|
54
Exelon
EXC
$45.1B
| $9.77M | 0.28% |
226,041
-107,657
| -32% | -$4.25M |
|
55
Expedia Group
EXPE
$38.6B
| $9.77M | 0.27% |
111,478
+54,458
| +96% | +$5.15M |
|
56
Qualys
QLYS
$6.3B
| $9.53M | 0.27% |
84,943
+14,909
| +21% | +$1.86M |
|
57
Archer Daniels Midland
ADM
$38.7B
| $9.46M | 0.27% |
101,931
-7,152
| -7% | -$660K |
|
58
Applied Materials
AMAT
$391B
| $9.42M | 0.27% |
96,695
-44,690
| -32% | -$4.29M |
|
59
CVS Health
CVS
$119B
| $9.38M | 0.26% |
100,604
+22,539
| +29% | +$2.17M |
|
60
Textron
TXT
$14.3B
| $9.31M | 0.26% |
131,509
+35,020
| +36% | +$2.38M |
|
61
CF Industries
CF
$19.6B
| $9.26M | 0.26% |
108,663
-14,277
| -12% | -$1.45M |
|
62
JPMorgan Chase
JPM
$935B
| $9.2M | 0.26% |
68,606
-86
| -0.1% | -$10.9K |
|
63
T. Rowe Price
TROW
$23.8B
| $9.17M | 0.26% |
84,110
+2,361
| +3% | +$267K |
|
64
Broadcom
AVGO
$1.75T
| $9.06M | 0.26% |
162,040
-42,070
| -21% | -$2.11M |
|
65
Zebra Technologies
ZBRA
$17.4B
| $8.95M | 0.25% |
34,900
+1,275
| +4% | +$330K |
|
66
Bath & Body Works
BBWI
$3.92B
| $8.91M | 0.25% |
211,518
-36,307
| -15% | -$1.35M |
|
67
Union Pacific
UNP
$183B
| $8.79M | 0.25% |
42,441
-1,226
| -3% | -$251K |
|
68
Visa
V
$693B
| $8.73M | 0.25% |
42,001
-8,116
| -16% | -$1.64M |
|
69
Cigna
CI
$73.3B
| $8.71M | 0.25% |
26,302
-4,075
| -13% | -$1.29M |
|
70
Tyson Foods
TSN
$20.6B
| $8.6M | 0.24% |
138,195
+39,555
| +40% | +$2.57M |
|
71
The Mosaic Company
MOS
$7.76B
| $8.49M | 0.24% |
193,508
-9,531
| -5% | -$472K |
|
72
Hubbell
HUBB
$24.8B
| $8.49M | 0.24% |
36,166
+17,847
| +97% | +$4.28M |
|
73
Cardinal Health
CAH
$53.4B
| $8.47M | 0.24% |
110,138
-34,861
| -24% | -$2.65M |
|
74
Caterpillar
CAT
$381B
| $8.38M | 0.24% |
34,988
+18,870
| +117% | +$4.11M |
|
75
Nasdaq
NDAQ
$54.9B
| $8.36M | 0.24% |
136,344
+5,163
| +4% | +$322K |
|
Similar funds
Joel Greenblatt's Q4 2022 Portfolio in Review
As of Q4 2022, Joel Greenblatt held 1,351 positions worth $3.55B, up 6.4% from $3.34B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt's Q4 2022 filing shows 195 new, 468 increased, 530 reduced and 150 closed positions. Its largest new stake was Albemarle: 27,723 shares worth $6.01M. The largest sale was Micron Technology, an estimated $11.8M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Industrials.
- Joel Greenblatt's largest Q4 2022 buy was Albemarle: 27,723 shares worth $6.01M.
- Joel Greenblatt added most to Humana in Q4 2022, an estimated $13M increase.
- Joel Greenblatt's biggest Q4 2022 reduction was Micron Technology, cutting an estimated $11.8M.
- Joel Greenblatt fully exited FedEx in Q4 2022, selling an estimated $8.85M.
- Joel Greenblatt's ten largest holdings make up 22% of its $3.55B portfolio in Q4 2022.
- Joel Greenblatt opened 195 new positions and closed 150 in Q4 2022.
- Joel Greenblatt's portfolio value rose 6.4% quarter-over-quarter to $3.55B.
Based on Gotham Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.