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 | |
|---|---|---|---|---|---|---|
751
Papa John's
PZZA
$787M
| $490K | 0.01% |
+6,825
| New | +$540K |
|
752
Synchrony
SYF
$26B
| $483K | 0.01% |
16,210
-15,129
| -48% | -$449K |
|
753
Unifirst Corp
UNF
$5.3B
| $481K | 0.01% |
3,419
-18,432
| -84% | -$2.57M |
|
|
VRNT
754
DELISTED
Verint Systems
VRNT
| $478K | 0.01% |
+23,061
| New | +$477K |
|
755
Allstate
ALL
$65.6B
| $477K | 0.01% |
5,389
+903
| +20% | +$76.5K |
|
|
BGG
756
DELISTED
Briggs & Stratton Corp.
BGG
| $474K | 0.01% |
+19,685
| New | +$466K |
|
757
MillerKnoll
MLKN
$1.57B
| $473K | 0.01% |
+15,572
| New | +$496K |
|
|
GRA
758
DELISTED
W.R. Grace & Co.
GRA
| $472K | 0.01% |
+6,550
| New | +$459K |
|
759
Autoliv
ALV
$9.01B
| $469K | 0.01% |
+5,923
| New | +$449K |
|
|
MTSC
760
DELISTED
MTS Systems Corp
MTSC
| $469K | 0.01% |
+9,049
| New | +$461K |
|
|
DFS
761
DELISTED
Discover Financial Services
DFS
| $462K | 0.01% |
7,434
-891
| -11% | -$55.2K |
|
762
Ingevity
NGVT
$2.37B
| $462K | 0.01% |
8,042
-57,192
| -88% | -$3.36M |
|
|
AVB
763
DELISTED
AvalonBay Communities
AVB
| $458K | 0.01% |
2,385
-4,558
| -66% | -$871K |
|
|
COHR
764
DELISTED
Coherent Inc
COHR
| $458K | 0.01% |
+2,035
| New | +$467K |
|
765
CoreCivic
CXW
$3.38B
| $457K | 0.01% |
16,575
+6,023
| +57% | +$188K |
|
|
CSII
766
DELISTED
Cardiovascular Systems, Inc.
CSII
| $457K | 0.01% |
14,171
+5,706
| +67% | +$174K |
|
|
FINL
767
DELISTED
Finish Line
FINL
| $452K | 0.01% |
+31,873
| New | +$462K |
|
|
TVRD
768
Tvardi Therapeutics
TVRD
$24.1M
| $448K | 0.01% |
+808
| New | +$513K |
|
769
Raymond James Financial
RJF
$33.9B
| $443K | 0.01% |
8,289
+1,006
| +14% | +$50.6K |
|
|
EIGI
770
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $442K | 0.01% |
52,987
+13,387
| +34% | +$104K |
|
771
Cognizant
CTSH
$27.9B
| $436K | 0.01% |
6,565
+269
| +4% | +$17.1K |
|
772
Scansource
SCSC
$1.11B
| $432K | 0.01% |
10,721
+3,289
| +44% | +$128K |
|
773
Thermo Fisher Scientific
TMO
$230B
| $432K | 0.01% |
2,478
-8,413
| -77% | -$1.41M |
|
774
Worthington Enterprises
WOR
$2.78B
| $423K | 0.01% |
+13,677
| New | +$367K |
|
775
Citizens Financial Group
CFG
$29.5B
| $418K | 0.01% |
11,729
-5,349
| -31% | -$190K |
|
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.