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 |
Capri Holdings
CPRI
|
+$95M |
| 2 |
Textron
TXT
|
+$70.7M |
| 3 |
Motorola Solutions
MSI
|
+$68.3M |
| 4 |
Hormel Foods
HRL
|
+$65.5M |
| 5 |
CA
CA, Inc.
CA
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pentair
PNR
|
+$84.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$83.8M |
| 3 |
Emerson Electric
EMR
|
+$83.3M |
| 4 |
Flowserve
FLS
|
+$81.7M |
| 5 |
Terex
TEX
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.69% |
| 2 | Technology | 20.85% |
| 3 | Consumer Discretionary | 19.35% |
| 4 | Healthcare | 12.34% |
| 5 | Consumer Staples | 11.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Forum Energy Technologies
FET
$871M
| $519K | ﹤0.01% |
1,279
-22,961
| -95% | -$9.85M |
|
|
PRAH
727
DELISTED
PRA Health Sciences, Inc.
PRAH
| $519K | ﹤0.01% |
+14,289
| New | +$452K |
|
728
Applied Materials
AMAT
$391B
| $518K | ﹤0.01% |
26,959
-206,461
| -88% | -$4.24M |
|
|
VG
729
DELISTED
Vonage Holdings Corporation
VG
| $518K | ﹤0.01% |
+105,554
| New | +$507K |
|
730
Douglas Dynamics
PLOW
$973M
| $515K | ﹤0.01% |
23,963
+3,005
| +14% | +$65.3K |
|
|
JCP
731
DELISTED
J.C. Penney Company, Inc.
JCP
| $504K | ﹤0.01% |
59,462
-926,036
| -94% | -$7.99M |
|
|
PIR
732
DELISTED
Pier 1 Imports, Inc.
PIR
| $500K | ﹤0.01% |
+1,980
| New | +$506K |
|
733
Middleby
MIDD
$5.22B
| $499K | ﹤0.01% |
+4,445
| New | +$476K |
|
734
Rayonier Advanced Materials
RYAM
$586M
| $497K | ﹤0.01% |
30,589
+175
| +0.6% | +$2.88K |
|
735
Sherwin-Williams
SHW
$84.1B
| $494K | ﹤0.01% |
5,391
-7,920
| -59% | -$751K |
|
|
NPKI
736
NPK International
NPKI
$1.16B
| $492K | ﹤0.01% |
+60,544
| New | +$561K |
|
|
737
Emerson Electric
EMR
$87.7B
| $491K | ﹤0.01% |
8,863
-1,417,006
| -99% | -$83.3M |
|
738
Winnebago Industries
WGO
$898M
| $488K | ﹤0.01% |
20,674
-7,874
| -28% | -$168K |
|
|
RT
739
DELISTED
Ruby Tuesday Georgia
RT
| $488K | ﹤0.01% |
77,770
-7,584
| -9% | -$51K |
|
740
Plexus
PLXS
$6.4B
| $484K | ﹤0.01% |
+11,025
| New | +$489K |
|
741
SunCoke Energy
SXC
$822M
| $483K | ﹤0.01% |
37,119
+4,061
| +12% | +$63.9K |
|
|
BECN
742
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $482K | ﹤0.01% |
+14,521
| New | +$457K |
|
|
WAIR
743
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $479K | ﹤0.01% |
+31,643
| New | +$493K |
|
744
Ennis
EBF
$546M
| $476K | ﹤0.01% |
+25,587
| New | +$413K |
|
745
Chemed
CHE
$7.07B
| $474K | ﹤0.01% |
3,617
-31,568
| -90% | -$3.91M |
|
|
TBI
746
Trueblue
TBI
$323M
| $474K | ﹤0.01% |
+15,861
| New | +$447K |
|
747
Merit Medical Systems
MMSI
$5.42B
| $469K | ﹤0.01% |
21,789
+9,769
| +81% | +$198K |
|
748
Omnicell
OMCL
$1.62B
| $469K | ﹤0.01% |
12,432
+320
| +3% | +$11.7K |
|
749
MillerKnoll
MLKN
$1.57B
| $468K | ﹤0.01% |
16,190
-1,013
| -6% | -$28.8K |
|
750
Citi Trends
CTRN
$597M
| $467K | ﹤0.01% |
19,288
+9,230
| +92% | +$229K |
|
Similar funds
Joel Greenblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Joel Greenblatt held 1,149 positions worth $12B, down 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Joel Greenblatt withdrew a net $800M in Q2 2015, closing 241 positions and reducing 357 holdings. Its most notable exit was Pentair, an estimated $84.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Textron worth $69.5M.
- Joel Greenblatt's largest Q2 2015 buy was Textron: 1,556,135 shares worth $69.5M.
- Joel Greenblatt added most to Capri Holdings in Q2 2015, an estimated $95M increase.
- Joel Greenblatt's biggest Q2 2015 reduction was Emerson Electric, cutting an estimated $83.3M.
- Joel Greenblatt fully exited Pentair in Q2 2015, selling an estimated $84.3M.
- Joel Greenblatt's ten largest holdings make up 7.7% of its $12B portfolio in Q2 2015.
- Joel Greenblatt opened 257 new positions and closed 241 in Q2 2015.
- Joel Greenblatt's portfolio value fell 8.8% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q2 2015, filed 14 Aug 2015.