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 | |
|---|---|---|---|---|---|---|
776
Knowles
KN
$2.78B
| $418K | 0.01% |
24,699
-44,247
| -64% | -$796K |
|
|
DST
777
DELISTED
DST Systems Inc.
DST
| $412K | 0.01% |
6,673
-145,367
| -96% | -$8.87M |
|
778
Fox Factory Holding Corp
FOXF
$911M
| $411K | 0.01% |
11,556
+300
| +3% | +$9.4K |
|
779
Truist Financial
TFC
$62.1B
| $411K | 0.01% |
9,055
-3,527
| -28% | -$153K |
|
780
Prospect Capital
PSEC
$1.16B
| $410K | 0.01% |
50,551
-2,638
| -5% | -$22.6K |
|
781
Celestica
CLS
$37.1B
| $407K | 0.01% |
29,999
+16,776
| +127% | +$235K |
|
782
National Presto Industries
NPK
$1.1B
| $407K | 0.01% |
3,684
-7,883
| -68% | -$832K |
|
|
KERX
783
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $402K | 0.01% |
+55,639
| New | +$348K |
|
784
DXP Enterprises
DXPE
$2.89B
| $398K | 0.01% |
+11,532
| New | +$419K |
|
785
Ventas
VTR
$47.7B
| $397K | 0.01% |
5,719
+1,440
| +34% | +$95.8K |
|
|
HOUS
786
DELISTED
Anywhere Real Estate
HOUS
| $395K | 0.01% |
12,170
+90
| +0.7% | +$2.72K |
|
|
ABB
787
DELISTED
ABB Ltd
ABB
| $395K | 0.01% |
+15,877
| New | +$389K |
|
788
Icon
ICLR
$13.2B
| $392K | 0.01% |
+4,004
| New | +$354K |
|
|
MODV
789
DELISTED
ModivCare
MODV
| $391K | 0.01% |
7,725
+51
| +0.7% | +$2.35K |
|
|
MRC
790
DELISTED
MRC Global
MRC
| $389K | 0.01% |
23,570
-88,266
| -79% | -$1.62M |
|
791
Dillards
DDS
$10.1B
| $382K | 0.01% |
6,616
-125,328
| -95% | -$6.63M |
|
792
Future Fuel
FF
$239M
| $381K | 0.01% |
25,271
+4,094
| +19% | +$60.1K |
|
793
Cemex
CX
$16.1B
| $379K | 0.01% |
40,198
+19,142
| +91% | +$169K |
|
|
FLG
794
Flagstar Bank National Association
FLG
$5.59B
| $379K | 0.01% |
9,617
+598
| +7% | +$23.8K |
|
795
Federated Hermes
FHI
$4.83B
| $378K | 0.01% |
13,377
-2,740
| -17% | -$73.2K |
|
796
PG&E
PCG
$39.5B
| $374K | 0.01% |
5,635
-4,198
| -43% | -$283K |
|
|
STI
797
DELISTED
SunTrust Banks, Inc.
STI
| $374K | 0.01% |
6,600
-1,542
| -19% | -$85.7K |
|
|
FISV
798
Fiserv Inc
FISV
$28.2B
| $373K | 0.01% |
+6,098
| New | +$369K |
|
799
SPS Commerce
SPSC
$2.95B
| $371K | 0.01% |
+11,638
| New | +$345K |
|
|
GCI
800
DELISTED
Gannett Co., Inc
GCI
| $371K | 0.01% |
42,548
+13,430
| +46% | +$111K |
|
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.