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 |
Intuit
INTU
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Genesco
GCO
$389M
| $545K | 0.01% |
16,080
+10,750
| +202% | +$480K |
|
727
Stanley Black & Decker
SWK
$14.8B
| $544K | 0.01% |
3,866
-224,205
| -98% | -$30.7M |
|
728
Essex Property Trust
ESS
$18.7B
| $542K | 0.01% |
2,107
-1,078
| -34% | -$271K |
|
|
MITL
729
DELISTED
Mitel Networks Corporation
MITL
| $542K | 0.01% |
+73,686
| New | +$513K |
|
730
NN Inc
NNBR
$304M
| $538K | 0.01% |
+19,590
| New | +$542K |
|
731
Petrobras Class A
PBR.A
$108B
| $537K | 0.01% |
+67,226
| New | +$569K |
|
732
Public Service Enterprise Group
PEG
$36.4B
| $535K | 0.01% |
+12,429
| New | +$549K |
|
733
NovoCure
NVCR
$1.96B
| $534K | 0.01% |
+30,878
| New | +$399K |
|
734
ON Semiconductor
ON
$27.9B
| $533K | 0.01% |
+37,951
| New | +$570K |
|
735
Dominion Energy
D
$58.7B
| $532K | 0.01% |
+6,945
| New | +$546K |
|
736
Stellantis
STLA
$19.6B
| $532K | 0.01% |
+50,203
| New | +$534K |
|
737
Wynn Resorts
WYNN
$10.3B
| $528K | 0.01% |
+3,934
| New | +$495K |
|
738
Entegris
ENTG
$21B
| $525K | 0.01% |
23,930
+10,221
| +75% | +$247K |
|
739
Helen of Troy
HELE
$666M
| $525K | 0.01% |
+5,584
| New | +$520K |
|
740
Southern Company
SO
$104B
| $525K | 0.01% |
10,972
+3,842
| +54% | +$193K |
|
741
American Electric Power
AEP
$66.1B
| $519K | 0.01% |
7,468
+2,433
| +48% | +$169K |
|
742
IQVIA
IQV
$42.7B
| $518K | 0.01% |
5,789
-83,779
| -94% | -$7.07M |
|
743
Williams-Sonoma
WSM
$28.1B
| $514K | 0.01% |
21,210
-126,490
| -86% | -$3.23M |
|
744
Angi Inc
ANGI
$199M
| $513K | 0.01% |
+4,010
| New | +$396K |
|
745
American Airlines Group
AAL
$9.05B
| $508K | 0.01% |
10,103
-281
| -3% | -$13.1K |
|
746
Toro Company
TTC
$9.41B
| $502K | 0.01% |
7,252
+1,490
| +26% | +$99.5K |
|
747
World Kinect Corp
WKC
$1.82B
| $502K | 0.01% |
+13,064
| New | +$478K |
|
748
Primoris Services
PRIM
$4.04B
| $496K | 0.01% |
+19,886
| New | +$470K |
|
749
AZZ Inc
AZZ
$4.18B
| $492K | 0.01% |
+8,811
| New | +$500K |
|
|
AFSI
750
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $492K | 0.01% |
32,471
+11,845
| +57% | +$175K |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.