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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SP
801
DELISTED
SP Plus Corporation
SP
| $391K | 0.01% |
11,599
-256
| -2% | -$7.82K |
|
802
MDU Resources
MDU
$4.2B
| $387K | ﹤0.01% |
37,197
+11,151
| +43% | +$117K |
|
803
Crocs
CROX
$5.85B
| $385K | ﹤0.01% |
54,411
+25,716
| +90% | +$179K |
|
804
Teladoc Health
TDOC
$1.16B
| $384K | ﹤0.01% |
+15,348
| New | +$319K |
|
|
AFSI
805
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $381K | ﹤0.01% |
20,626
+12,256
| +146% | +$299K |
|
|
TRCO
806
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $379K | ﹤0.01% |
10,161
-419,854
| -98% | -$14.2M |
|
|
FLG
807
Flagstar Bank National Association
FLG
$5.59B
| $378K | ﹤0.01% |
+9,019
| New | +$406K |
|
808
Cognizant
CTSH
$27.9B
| $375K | ﹤0.01% |
6,296
+1,513
| +32% | +$87K |
|
809
Fidelity National Financial
FNF
$12.7B
| $374K | ﹤0.01% |
13,826
+223
| +2% | +$5.67K |
|
810
Raymond James Financial
RJF
$33.7B
| $370K | ﹤0.01% |
+7,283
| New | +$371K |
|
|
TOWR
811
DELISTED
Tower International, Inc.
TOWR
| $370K | ﹤0.01% |
+13,651
| New | +$370K |
|
812
Interactive Brokers
IBKR
$42.5B
| $368K | ﹤0.01% |
42,364
+1,916
| +5% | +$17.8K |
|
813
Allstate
ALL
$64.2B
| $366K | ﹤0.01% |
+4,486
| New | +$353K |
|
|
BKS
814
DELISTED
Barnes & Noble
BKS
| $365K | ﹤0.01% |
+39,471
| New | +$394K |
|
|
HOUS
815
DELISTED
Anywhere Real Estate
HOUS
| $360K | ﹤0.01% |
12,080
-4,429
| -27% | -$120K |
|
816
Toro Company
TTC
$9.47B
| $360K | ﹤0.01% |
5,762
-79,998
| -93% | -$4.77M |
|
|
BEL
817
DELISTED
Belmond Ltd.
BEL
| $360K | ﹤0.01% |
29,779
-9,116
| -23% | -$120K |
|
818
Genworth Financial
GNW
$3.73B
| $358K | ﹤0.01% |
86,934
+23,470
| +37% | +$90.4K |
|
|
IMPV
819
DELISTED
Imperva, Inc.
IMPV
| $358K | ﹤0.01% |
+8,709
| New | +$364K |
|
820
Southern Company
SO
$102B
| $355K | ﹤0.01% |
+7,130
| New | +$352K |
|
|
TRUE
821
DELISTED
TrueCar
TRUE
| $352K | ﹤0.01% |
+22,762
| New | +$316K |
|
822
Graco
GGG
$13.1B
| $350K | ﹤0.01% |
11,151
-94,701
| -89% | -$2.86M |
|
823
MYR Group
MYRG
$4.84B
| $350K | ﹤0.01% |
8,529
-1,222
| -13% | -$47.5K |
|
824
First American
FAF
$7.33B
| $348K | ﹤0.01% |
8,854
-12
| -0.1% | -$459 |
|
|
TUP
825
DELISTED
Tupperware Brands Corporation
TUP
| $346K | ﹤0.01% |
5,513
-83,449
| -94% | -$4.94M |
|
Similar funds
Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.