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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Addus HomeCare
ADUS
$2.26B
| $414K | 0.01% |
+7,235
| New | +$395K |
|
|
TDAY
727
USA Today Co
TDAY
$950M
| $412K | 0.01% |
22,314
+9,687
| +77% | +$168K |
|
728
Granite Construction
GVA
$5.5B
| $411K | 0.01% |
7,378
-57,014
| -89% | -$3.22M |
|
|
XL
729
DELISTED
XL Group Ltd.
XL
| $411K | 0.01% |
+7,348
| New | +$409K |
|
730
PTC Therapeutics
PTCT
$5.83B
| $410K | 0.01% |
+12,151
| New | +$379K |
|
731
Carpenter Technology
CRS
$24.4B
| $400K | 0.01% |
+7,614
| New | +$412K |
|
|
LOXO
732
DELISTED
Loxo Oncology, Inc
LOXO
| $395K | 0.01% |
+2,279
| New | +$342K |
|
|
ZAGG
733
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $386K | 0.01% |
22,314
-54,404
| -71% | -$782K |
|
734
Perdoceo Education
PRDO
$2.07B
| $385K | 0.01% |
23,787
+349
| +1% | +$5.09K |
|
|
TBI
735
Trueblue
TBI
$323M
| $383K | 0.01% |
+14,223
| New | +$377K |
|
736
Supernus Pharmaceuticals
SUPN
$2.67B
| $382K | 0.01% |
6,376
-26,405
| -81% | -$1.37M |
|
737
Arista Networks
ANET
$238B
| $381K | 0.01% |
23,648
-352,944
| -94% | -$5.76M |
|
738
Gorman-Rupp
GRC
$2.06B
| $375K | 0.01% |
10,719
+3,021
| +39% | +$98.6K |
|
739
America Movil
AMX
$71.3B
| $373K | 0.01% |
22,384
-4,194
| -16% | -$72.6K |
|
740
Petrobras Class A
PBR.A
$111B
| $373K | 0.01% |
37,165
+7,919
| +27% | +$89.8K |
|
741
Paylocity
PCTY
$8.14B
| $371K | 0.01% |
+6,298
| New | +$361K |
|
742
Hartford Financial Services
HIG
$36.9B
| $369K | 0.01% |
7,222
-37,427
| -84% | -$1.96M |
|
|
CMA
743
DELISTED
Comerica
CMA
| $365K | 0.01% |
+4,011
| New | +$384K |
|
744
Johnson Controls International
JCI
$86.7B
| $365K | 0.01% |
10,922
-507,538
| -98% | -$17.6M |
|
|
SJI
745
DELISTED
South Jersey Industries, Inc.
SJI
| $360K | 0.01% |
+10,749
| New | +$337K |
|
746
Pultegroup
PHM
$24.6B
| $357K | 0.01% |
12,419
-57,791
| -82% | -$1.74M |
|
747
Nike
NKE
$60.5B
| $355K | 0.01% |
+4,456
| New | +$314K |
|
748
Griffon
GFF
$4.55B
| $354K | 0.01% |
+19,897
| New | +$410K |
|
|
SIVB
749
DELISTED
SVB Financial Group
SIVB
| $354K | 0.01% |
+1,227
| New | +$361K |
|
750
FIVE9
FIVN
$2.45B
| $353K | 0.01% |
+10,225
| New | +$331K |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.