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 |
EOG Resources
EOG
|
+$19.5M |
| 2 |
Broadcom
AVGO
|
+$12.6M |
| 3 |
Intuit
INTU
|
+$12.1M |
| 4 |
Tyson Foods
TSN
|
+$12M |
| 5 |
Humana
HUM
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$23M |
| 2 |
Biogen
BIIB
|
+$19.2M |
| 3 |
Apple
AAPL
|
+$16.6M |
| 4 |
Pfizer
PFE
|
+$15.6M |
| 5 |
AbbVie
ABBV
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.34% |
| 2 | Consumer Discretionary | 15.98% |
| 3 | Industrials | 14.14% |
| 4 | Healthcare | 12.08% |
| 5 | Consumer Staples | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
Trade Desk
TTD
$6.22B
| $462K | 0.01% |
8,910
-3,750
| -30% | -$171K |
|
|
SJR
752
DELISTED
Shaw Communications Inc.
SJR
| $459K | 0.01% |
25,161
-1,160
| -4% | -$21.1K |
|
753
Ingredion
INGR
$6.71B
| $454K | 0.01% |
5,999
-9,738
| -62% | -$791K |
|
754
Ciena
CIEN
$53.2B
| $453K | 0.01% |
+11,416
| New | +$601K |
|
|
PENG
755
Penguin Solutions Inc
PENG
$2.62B
| $452K | 0.01% |
33,080
-22,684
| -41% | -$303K |
|
756
Arista Networks
ANET
$237B
| $447K | 0.01% |
34,560
-149,616
| -81% | -$2.06M |
|
757
CME Group
CME
$100B
| $446K | 0.01% |
2,664
+411
| +18% | +$69.2K |
|
|
LMNX
758
DELISTED
Luminex Corp
LMNX
| $445K | 0.01% |
+16,955
| New | +$520K |
|
759
HubSpot
HUBS
$12.1B
| $444K | 0.01% |
1,519
-1,266
| -45% | -$332K |
|
|
CVET
760
DELISTED
Covetrus, Inc. Common Stock
CVET
| $439K | 0.01% |
+17,995
| New | +$388K |
|
761
Harley-Davidson
HOG
$2.93B
| $438K | 0.01% |
17,863
-40,739
| -70% | -$1.1M |
|
762
Belden
BDC
$4.61B
| $433K | 0.01% |
13,914
-2,020
| -13% | -$66.6K |
|
|
MASI
763
DELISTED
Masimo
MASI
| $431K | 0.01% |
1,827
-60
| -3% | -$13.4K |
|
|
VG
764
DELISTED
Vonage Holdings Corporation
VG
| $424K | 0.01% |
41,408
+4,724
| +13% | +$52.4K |
|
765
Lincoln Electric
LECO
$15.4B
| $422K | 0.01% |
4,588
-4,770
| -51% | -$440K |
|
|
BMCH
766
DELISTED
BMC Stock Holdings, Inc
BMCH
| $420K | 0.01% |
9,801
-2,015
| -17% | -$66.3K |
|
767
NextEra Energy
NEE
$175B
| $419K | 0.01% |
6,040
-5,060
| -46% | -$349K |
|
768
Royal Gold
RGLD
$22.1B
| $419K | 0.01% |
3,489
-2,033
| -37% | -$267K |
|
769
Moderna
MRNA
$55.7B
| $418K | 0.01% |
5,913
-246
| -4% | -$17.2K |
|
770
ON Semiconductor
ON
$28.1B
| $417K | 0.01% |
19,227
+3,279
| +21% | +$69.6K |
|
771
Vertex Pharmaceuticals
VRTX
$139B
| $416K | 0.01% |
1,527
-8
| -0.5% | -$2.21K |
|
|
CTRA
772
DELISTED
Coterra Energy
CTRA
| $415K | 0.01% |
23,929
-25,079
| -51% | -$469K |
|
773
Ormat Technologies
ORA
$6.47B
| $414K | 0.01% |
7,005
+2,070
| +42% | +$125K |
|
774
United Natural Foods
UNFI
$2.92B
| $411K | 0.01% |
27,671
-34,056
| -55% | -$646K |
|
775
Century Aluminum
CENX
$4.31B
| $409K | 0.01% |
57,468
+32,668
| +132% | +$284K |
|
Similar funds
Joel Greenblatt's Q3 2020 Portfolio in Review
As of Q3 2020, Joel Greenblatt held 1,183 positions worth $3.11B, down 6.8% from $3.34B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Joel Greenblatt withdrew a net $465M in Q3 2020, closing 172 positions and reducing 541 holdings. Its most notable exit was Southwest Airlines, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Joel Greenblatt opened a new position in Wingstop worth $6.01M.
- Joel Greenblatt's largest Q3 2020 buy was Wingstop: 43,971 shares worth $6.01M.
- Joel Greenblatt added most to EOG Resources in Q3 2020, an estimated $19.5M increase.
- Joel Greenblatt's biggest Q3 2020 reduction was Medtronic, cutting an estimated $23M.
- Joel Greenblatt fully exited Southwest Airlines in Q3 2020, selling an estimated $14.5M.
- Joel Greenblatt's ten largest holdings make up 13% of its $3.11B portfolio in Q3 2020.
- Joel Greenblatt opened 140 new positions and closed 172 in Q3 2020.
- Joel Greenblatt's portfolio value fell 6.8% quarter-over-quarter to $3.11B.
Based on Gotham Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.