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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$47.9M |
| 2 |
Apple
AAPL
|
+$16.5M |
| 3 |
J.M. Smucker
SJM
|
+$9.24M |
| 4 |
EOG Resources
EOG
|
+$8.79M |
| 5 |
Revvity
RVTY
|
+$8.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gotham Enhanced 500 ETF
GSPY
|
+$24.2M |
| 2 |
Gotham 1000 Value ETF
GVLU
|
+$10.4M |
| 3 |
Constellation Energy
CEG
|
+$10.1M |
| 4 |
Merck
MRK
|
+$9.61M |
| 5 |
Exelon
EXC
|
+$8.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.42% |
| 2 | Industrials | 11.72% |
| 3 | Consumer Discretionary | 10.36% |
| 4 | Healthcare | 10.33% |
| 5 | Financials | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Open Text
OTEX
$5.95B
| $1.15M | 0.03% |
27,650
-4,543
| -14% | -$182K |
|
|
MASI
727
DELISTED
Masimo
MASI
| $1.15M | 0.02% |
6,962
+1,180
| +20% | +$205K |
|
728
Dollar Tree
DLTR
$26.3B
| $1.14M | 0.02% |
7,969
-7,403
| -48% | -$1.09M |
|
729
Integra LifeSciences
IART
$1.3B
| $1.14M | 0.02% |
27,789
+680
| +3% | +$32.7K |
|
730
Sterling Infrastructure
STRL
$15.2B
| $1.14M | 0.02% |
20,464
+8,223
| +67% | +$364K |
|
731
Pacific Biosciences
PACB
$398M
| $1.14M | 0.02% |
+85,599
| New | +$1.04M |
|
732
Flowserve
FLS
$10.2B
| $1.14M | 0.02% |
30,633
+5,584
| +22% | +$194K |
|
733
Dolby
DLB
$6.19B
| $1.12M | 0.02% |
13,443
+9,568
| +247% | +$800K |
|
734
Dr. Reddy's Laboratories
RDY
$10.2B
| $1.12M | 0.02% |
+16,445
| New | +$192K |
|
735
Nordson
NDSN
$18.6B
| $1.12M | 0.02% |
4,519
-3,964
| -47% | -$884K |
|
736
Valaris
VAL
$5.96B
| $1.12M | 0.02% |
17,814
+5,199
| +41% | +$313K |
|
737
WEC Energy
WEC
$35.1B
| $1.12M | 0.02% |
12,690
-837
| -6% | -$77.3K |
|
738
Amkor Technology
AMKR
$11.9B
| $1.11M | 0.02% |
37,412
+19,726
| +112% | +$480K |
|
739
Cavco Industries
CVCO
$4.48B
| $1.11M | 0.02% |
3,766
-2,500
| -40% | -$719K |
|
740
Cousins Properties
CUZ
$4.94B
| $1.11M | 0.02% |
48,663
+25,597
| +111% | +$535K |
|
741
Elastic
ESTC
$8.65B
| $1.11M | 0.02% |
17,298
+7,501
| +77% | +$470K |
|
742
CVR Energy
CVI
$3.82B
| $1.11M | 0.02% |
37,005
+8,563
| +30% | +$230K |
|
743
BOK Financial
BOKF
$8.54B
| $1.1M | 0.02% |
13,665
-4,395
| -24% | -$362K |
|
744
Lumen
LUMN
$5.85B
| $1.1M | 0.02% |
487,292
-1,529,817
| -76% | -$3.37M |
|
745
Synaptics
SYNA
$3.66B
| $1.1M | 0.02% |
12,862
-998
| -7% | -$86.6K |
|
746
Helmerich & Payne
HP
$4.25B
| $1.1M | 0.02% |
30,921
-7,678
| -20% | -$262K |
|
747
Antero Resources
AR
$11.7B
| $1.09M | 0.02% |
47,437
-193,159
| -80% | -$4.29M |
|
|
GMS
748
DELISTED
GMS Inc
GMS
| $1.09M | 0.02% |
15,695
-147
| -0.9% | -$9.09K |
|
749
Nabors Industries
NBR
$1.31B
| $1.09M | 0.02% |
11,667
+206
| +2% | +$20.9K |
|
750
CONMED
CNMD
$1.54B
| $1.08M | 0.02% |
7,964
+2,469
| +45% | +$301K |
|
Similar funds
Joel Greenblatt's Q2 2023 Portfolio in Review
As of Q2 2023, Joel Greenblatt held 1,458 positions worth $4.6B, up 11% from $4.13B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Joel Greenblatt deployed $206M of net new capital in Q2 2023, opening 149 new positions and adding to 553 existing holdings. Its largest new stake was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Gotham Enhanced 500 ETF, an estimated $24.2M trimmed.
- Joel Greenblatt's largest Q2 2023 buy was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $47.9M increase.
- Joel Greenblatt's biggest Q2 2023 reduction was Gotham Enhanced 500 ETF, cutting an estimated $24.2M.
- Joel Greenblatt fully exited Chart Industries in Q2 2023, selling an estimated $5.59M.
- Joel Greenblatt's ten largest holdings make up 23% of its $4.6B portfolio in Q2 2023.
- Joel Greenblatt opened 149 new positions and closed 163 in Q2 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $4.6B.
Based on Gotham Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.