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 | |
|---|---|---|---|---|---|---|
726
DuPont de Nemours
DD
$18.4B
| $499K | ﹤0.01% |
4,649
-32,736
| -88% | -$3.79M |
|
727
Innospec
IOSP
$2.32B
| $498K | ﹤0.01% |
10,713
+1,078
| +11% | +$49.4K |
|
|
TSG
728
DELISTED
The Stars Group Inc.
TSG
| $495K | ﹤0.01% |
+27,186
| New | +$619K |
|
729
Marten Transport
MRTN
$1.19B
| $491K | ﹤0.01% |
+75,898
| New | +$578K |
|
730
Power Integrations
POWI
$2.96B
| $488K | ﹤0.01% |
+23,148
| New | +$464K |
|
731
Kforce
KFRC
$1.03B
| $483K | ﹤0.01% |
+18,369
| New | +$469K |
|
|
MNTA
732
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $482K | ﹤0.01% |
+29,352
| New | +$601K |
|
733
Unum
UNM
$14.1B
| $477K | ﹤0.01% |
+14,873
| New | +$512K |
|
|
PAY
734
DELISTED
Verifone Systems Inc
PAY
| $471K | ﹤0.01% |
+16,969
| New | +$530K |
|
735
Canadian National Railway
CNI
$76.6B
| $470K | ﹤0.01% |
8,277
-25,720
| -76% | -$1.5M |
|
|
IXYS
736
DELISTED
IXYS Corp
IXYS
| $470K | ﹤0.01% |
42,076
+21,305
| +103% | +$257K |
|
|
VGR
737
DELISTED
Vector Group Ltd.
VGR
| $469K | ﹤0.01% |
35,582
-606,538
| -94% | -$8.2M |
|
738
Clearwater Paper
CLW
$342M
| $465K | ﹤0.01% |
+9,849
| New | +$529K |
|
739
MiMedx Group
MDXG
$627M
| $463K | ﹤0.01% |
47,930
-8,879
| -16% | -$93.7K |
|
|
740
Motorola Solutions
MSI
$79.5B
| $463K | ﹤0.01% |
6,773
-1,138,217
| -99% | -$71.8M |
|
|
TSE
741
DELISTED
Trinseo
TSE
| $462K | ﹤0.01% |
18,297
+2,190
| +14% | +$58.5K |
|
742
Merit Medical Systems
MMSI
$5.39B
| $460K | ﹤0.01% |
19,222
-2,567
| -12% | -$60.4K |
|
|
PRSU
743
Pursuit Attractions and Hospitality Inc
PRSU
$1.32B
| $460K | ﹤0.01% |
+15,868
| New | +$439K |
|
|
SHLM
744
DELISTED
Schulman (A.) Inc
SHLM
| $460K | ﹤0.01% |
+14,156
| New | +$500K |
|
|
NPKI
745
NPK International
NPKI
$1.12B
| $431K | ﹤0.01% |
84,226
+23,682
| +39% | +$162K |
|
|
TA
746
DELISTED
TravelCenters of America LLC
TA
| $431K | ﹤0.01% |
+8,335
| New | +$563K |
|
747
Azenta
AZTA
$1.46B
| $428K | ﹤0.01% |
+36,538
| New | +$393K |
|
748
Jefferies Financial Group
JEF
$12B
| $424K | ﹤0.01% |
23,368
+12,517
| +115% | +$251K |
|
749
Strategic Education
STRA
$1.88B
| $424K | ﹤0.01% |
7,718
-50,039
| -87% | -$2.56M |
|
|
AFFX
750
DELISTED
Affymetrix Inc
AFFX
| $423K | ﹤0.01% |
+49,493
| New | +$495K |
|
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.