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 |
BILL Holdings
BILL
|
+$41.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$35.9M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$35.8M |
| 4 |
PayPal
PYPL
|
+$17.4M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$14M |
| 2 |
Lam Research
LRCX
|
+$12.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$9.54M |
| 4 |
VMW
VMware, Inc
VMW
|
+$9.3M |
| 5 |
Valvoline
VVV
|
+$9.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.4% |
| 2 | Industrials | 12.68% |
| 3 | Consumer Discretionary | 10.55% |
| 4 | Healthcare | 8.73% |
| 5 | Financials | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
LyondellBasell Industries
LYB
$21.8B
| $12.7M | 0.23% |
133,188
+60,739
| +84% | +$5.68M |
|
52
Mondelez International
MDLZ
$82.3B
| $12.7M | 0.23% |
174,831
+16,450
| +10% | +$1.13M |
|
53
GE Aerospace
GE
$361B
| $12.6M | 0.23% |
124,103
-23,546
| -16% | -$2.18M |
|
54
Cleveland-Cliffs
CLF
$6.43B
| $12.6M | 0.23% |
618,005
-96,356
| -13% | -$1.65M |
|
55
Masco
MAS
$14.5B
| $12.3M | 0.23% |
184,004
+48,021
| +35% | +$2.79M |
|
56
McDonald's
MCD
$192B
| $12.3M | 0.23% |
41,473
+6,711
| +19% | +$1.83M |
|
57
Bio-Rad Laboratories Class A
BIO
$10.2B
| $12.1M | 0.22% |
37,414
+14,743
| +65% | +$4.62M |
|
58
Jabil
JBL
$32.8B
| $12.1M | 0.22% |
94,694
+58,122
| +159% | +$7.4M |
|
59
General Mills
GIS
$21.4B
| $12M | 0.22% |
183,856
-25,552
| -12% | -$1.65M |
|
60
Amgen
AMGN
$238B
| $11.9M | 0.22% |
41,390
+9,164
| +28% | +$2.5M |
|
61
Marathon Petroleum
MPC
$101B
| $11.9M | 0.22% |
80,016
| – | – |
|
62
T-Mobile US
TMUS
$196B
| $11.7M | 0.22% |
72,886
+30,237
| +71% | +$4.47M |
|
63
Verizon
VZ
$205B
| $11.6M | 0.22% |
307,952
+79,775
| +35% | +$2.82M |
|
64
Royal Caribbean
RCL
$78.1B
| $11.3M | 0.21% |
87,116
+20,022
| +30% | +$2.04M |
|
65
FedEx
FDX
$76.9B
| $11.2M | 0.21% |
44,213
+5,956
| +16% | +$1.51M |
|
|
EXE
66
Expand Energy Corp
EXE
$22.2B
| $10.9M | 0.2% |
141,230
+45,226
| +47% | +$3.71M |
|
67
Centene
CNC
$32.1B
| $10.8M | 0.2% |
145,769
+13,513
| +10% | +$975K |
|
68
NetApp
NTAP
$37.7B
| $10.8M | 0.2% |
122,642
+25,641
| +26% | +$2.06M |
|
69
TransDigm Group
TDG
$66.4B
| $10.8M | 0.2% |
10,687
-87
| -0.8% | -$80.3K |
|
|
FISV
70
Fiserv Inc
FISV
$28B
| $10.8M | 0.2% |
81,103
+69,187
| +581% | +$8.49M |
|
71
Oracle
ORCL
$422B
| $10.7M | 0.2% |
101,565
-35,984
| -26% | -$3.93M |
|
72
Linde
LIN
$225B
| $10.7M | 0.2% |
25,952
+5,417
| +26% | +$2.14M |
|
73
Builders FirstSource
BLDR
$7.55B
| $10.6M | 0.2% |
63,282
+6,021
| +11% | +$800K |
|
74
Kenvue
KVUE
$36.6B
| $10.5M | 0.2% |
488,175
-262,687
| -35% | -$5.26M |
|
75
Archer Daniels Midland
ADM
$38.7B
| $10.5M | 0.19% |
145,498
+19,539
| +16% | +$1.43M |
|
Similar funds
Joel Greenblatt's Q4 2023 Portfolio in Review
As of Q4 2023, Joel Greenblatt held 1,470 positions worth $5.39B, up 11% from $4.84B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Joel Greenblatt's Q4 2023 filing shows 157 new, 492 increased, 650 reduced and 145 closed positions. Its largest new stake was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M. The largest sale was Pfizer, an estimated $14M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q4 2023 buy was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M.
- Joel Greenblatt added most to BILL Holdings in Q4 2023, an estimated $41.5M increase.
- Joel Greenblatt's biggest Q4 2023 reduction was Pfizer, cutting an estimated $14M.
- Joel Greenblatt fully exited VMware, Inc in Q4 2023, selling an estimated $9.3M.
- Joel Greenblatt's ten largest holdings make up 24% of its $5.39B portfolio in Q4 2023.
- Joel Greenblatt opened 157 new positions and closed 145 in Q4 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $5.39B.
Based on Gotham Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.