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 |
Micron Technology
MU
|
+$46.7M |
| 2 |
Altria Group
MO
|
+$36.7M |
| 3 |
Clorox
CLX
|
+$36M |
| 4 |
Lockheed Martin
LMT
|
+$35.6M |
| 5 |
Pentair
PNR
|
+$31.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emerson Electric
EMR
|
+$51.9M |
| 2 |
United Rentals
URI
|
+$42.6M |
| 3 |
Archer Daniels Midland
ADM
|
+$31.2M |
| 4 |
Biogen
BIIB
|
+$29.4M |
| 5 |
Procter & Gamble
PG
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.45% |
| 2 | Technology | 20.01% |
| 3 | Healthcare | 16.96% |
| 4 | Consumer Discretionary | 16.53% |
| 5 | Communication Services | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
Caleres
CAL
$460M
| $336K | ﹤0.01% |
+11,024
| New | +$298K |
|
|
ETFC
777
DELISTED
E*Trade Financial Corporation
ETFC
| $336K | ﹤0.01% |
7,708
+713
| +10% | +$29K |
|
778
BioMarin Pharmaceuticals
BMRN
$12.6B
| $334K | ﹤0.01% |
+3,590
| New | +$317K |
|
779
Realty Income
O
$59.6B
| $333K | ﹤0.01% |
6,000
-26,220
| -81% | -$1.46M |
|
780
Valley National Bancorp
VLY
$7.81B
| $333K | ﹤0.01% |
27,651
+8,064
| +41% | +$92.9K |
|
|
CLGX
781
DELISTED
Corelogic, Inc.
CLGX
| $333K | ﹤0.01% |
+7,203
| New | +$327K |
|
|
BNY
782
Bank of New York Mellon
BNY
$110B
| $332K | ﹤0.01% |
6,257
+253
| +4% | +$13.3K |
|
|
VR
783
DELISTED
Validus Hold Ltd
VR
| $332K | ﹤0.01% |
+6,755
| New | +$343K |
|
784
Phillips 66
PSX
$95.6B
| $331K | ﹤0.01% |
+3,618
| New | +$306K |
|
|
LQ
785
DELISTED
La Quinta Holdings Inc.
LQ
| $322K | ﹤0.01% |
18,379
-31,723
| -63% | -$493K |
|
786
Allstate
ALL
$65.5B
| $318K | ﹤0.01% |
3,456
-1,933
| -36% | -$176K |
|
787
Essent Group
ESNT
$6.18B
| $317K | ﹤0.01% |
7,830
-784
| -9% | -$30.3K |
|
788
Olin
OLN
$2.02B
| $317K | ﹤0.01% |
9,266
-154
| -2% | -$4.8K |
|
789
Everest Group
EG
$14.4B
| $314K | ﹤0.01% |
1,377
-1,622
| -54% | -$409K |
|
790
Synchrony
SYF
$26B
| $314K | ﹤0.01% |
10,117
-6,093
| -38% | -$182K |
|
791
NextEra Energy
NEE
$175B
| $312K | ﹤0.01% |
+8,504
| New | +$312K |
|
|
HIBB
792
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $311K | ﹤0.01% |
21,795
-21,852
| -50% | -$324K |
|
793
Azenta
AZTA
$1.49B
| $310K | ﹤0.01% |
10,200
-47,959
| -82% | -$1.23M |
|
794
AptarGroup
ATR
$8.6B
| $307K | ﹤0.01% |
3,558
-15,325
| -81% | -$1.3M |
|
|
FRAN
795
DELISTED
Francesca's Holdings Corporation
FRAN
| $307K | ﹤0.01% |
3,478
-4,957
| -59% | -$502K |
|
796
Genworth Financial
GNW
$3.74B
| $306K | ﹤0.01% |
79,514
-2,161
| -3% | -$7.71K |
|
797
lululemon athletica
LULU
$13.7B
| $306K | ﹤0.01% |
4,918
-17,542
| -78% | -$1.06M |
|
798
Designer Brands
DBI
$301M
| $305K | ﹤0.01% |
14,198
-54,993
| -79% | -$1.01M |
|
799
OraSure Technologies
OSUR
$261M
| $305K | ﹤0.01% |
13,555
-2,353
| -15% | -$47.3K |
|
|
HDP
800
DELISTED
Hortonworks, Inc.
HDP
| $302K | ﹤0.01% |
17,835
+4,668
| +35% | +$70.3K |
|
Similar funds
Joel Greenblatt's Q3 2017 Portfolio in Review
As of Q3 2017, Joel Greenblatt held 1,127 positions worth $6.81B, down 4.5% from $7.13B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Joel Greenblatt withdrew a net $570M in Q3 2017, closing 230 positions and reducing 398 holdings. Its most notable exit was United Rentals, an estimated $42.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Micron Technology worth $58.1M.
- Joel Greenblatt's largest Q3 2017 buy was Micron Technology: 1,477,788 shares worth $58.1M.
- Joel Greenblatt added most to Altria Group in Q3 2017, an estimated $36.7M increase.
- Joel Greenblatt's biggest Q3 2017 reduction was Emerson Electric, cutting an estimated $51.9M.
- Joel Greenblatt fully exited United Rentals in Q3 2017, selling an estimated $42.6M.
- Joel Greenblatt's ten largest holdings make up 8.7% of its $6.81B portfolio in Q3 2017.
- Joel Greenblatt opened 178 new positions and closed 230 in Q3 2017.
- Joel Greenblatt's portfolio value fell 4.5% quarter-over-quarter to $6.81B.
Based on Gotham Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.