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 |
PayPal
PYPL
|
+$60.9M |
| 2 |
RTN
Raytheon Company
RTN
|
+$48.5M |
| 3 |
IBM
IBM
|
+$48.3M |
| 4 |
Lockheed Martin
LMT
|
+$48.1M |
| 5 |
Constellation Brands
STZ
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$64M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$48.3M |
| 3 |
Boeing
BA
|
+$41.8M |
| 4 |
Automatic Data Processing
ADP
|
+$34.7M |
| 5 |
Home Depot
HD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.44% |
| 2 | Technology | 18.51% |
| 3 | Consumer Discretionary | 15.16% |
| 4 | Healthcare | 13.95% |
| 5 | Consumer Staples | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Shenandoah Telecom
SHEN
$683M
| $421K | 0.01% |
+9,522
| New | +$406K |
|
802
Digital Realty Trust
DLR
$70.5B
| $420K | 0.01% |
+3,938
| New | +$435K |
|
|
SYKE
803
DELISTED
SYKES Enterprises Inc
SYKE
| $419K | 0.01% |
16,938
+7,891
| +87% | +$220K |
|
804
Standard Motor Products
SMP
$863M
| $412K | 0.01% |
+8,499
| New | +$423K |
|
|
PVG
805
DELISTED
PRETIUM RESOURCES INC.
PVG
| $411K | 0.01% |
48,640
+14,644
| +43% | +$114K |
|
|
INOV
806
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $402K | 0.01% |
28,346
+15,725
| +125% | +$179K |
|
807
Expro Ltd
XPRO
$2.05B
| $401K | 0.01% |
12,794
-16,007
| -56% | -$695K |
|
808
Gentex
GNTX
$4.98B
| $397K | 0.01% |
19,629
-283,623
| -94% | -$5.94M |
|
809
Artivion
AORT
$1.37B
| $394K | 0.01% |
+13,895
| New | +$418K |
|
810
HealthStream
HSTM
$844M
| $394K | 0.01% |
+16,304
| New | +$423K |
|
811
Transocean
RIG
$6.61B
| $392K | 0.01% |
56,426
-111,723
| -66% | -$1.14M |
|
|
SGEN
812
DELISTED
Seagen Inc. Common Stock
SGEN
| $392K | 0.01% |
+6,916
| New | +$434K |
|
|
LORL
813
DELISTED
Loral Space and Communications, Inc.
LORL
| $392K | 0.01% |
10,535
+1,626
| +18% | +$69.8K |
|
|
ABB
814
DELISTED
ABB Ltd
ABB
| $384K | 0.01% |
20,217
| – | – |
|
815
Vornado Realty Trust
VNO
$7.07B
| $382K | 0.01% |
+6,163
| New | +$422K |
|
816
PTC Therapeutics
PTCT
$5.83B
| $380K | 0.01% |
11,079
-1,761
| -14% | -$63.3K |
|
817
EOG Resources
EOG
$80.3B
| $378K | 0.01% |
+4,340
| New | +$465K |
|
|
ACOR
818
DELISTED
Acorda Therapeutics
ACOR
| $377K | 0.01% |
202
-69
| -25% | -$150K |
|
819
Capital One
COF
$134B
| $375K | 0.01% |
+4,961
| New | +$430K |
|
820
Molina Healthcare
MOH
$10.5B
| $375K | 0.01% |
3,230
+1,039
| +47% | +$136K |
|
|
CKH
821
DELISTED
Seacor Holdings Inc.
CKH
| $374K | 0.01% |
10,110
-21,330
| -68% | -$942K |
|
822
Xylem
XYL
$26.5B
| $373K | 0.01% |
5,594
-4,918
| -47% | -$340K |
|
823
Zumiez
ZUMZ
$308M
| $368K | 0.01% |
19,212
+2,594
| +16% | +$54.9K |
|
824
Cogent Communications
CCOI
$470M
| $367K | 0.01% |
+8,110
| New | +$401K |
|
825
Spire
SR
$4.78B
| $366K | 0.01% |
4,937
+1,185
| +32% | +$89.6K |
|
Similar funds
Joel Greenblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Joel Greenblatt held 1,186 positions worth $6.44B, down 11% from $7.24B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Joel Greenblatt deployed $382M of net new capital in Q4 2018, opening 269 new positions and adding to 355 existing holdings. Its largest new stake was PayPal: 731,138 shares worth $61.5M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Twenty-First Century Fox, Inc. Class A, an estimated $48.3M trimmed.
- Joel Greenblatt's largest Q4 2018 buy was PayPal: 731,138 shares worth $61.5M.
- Joel Greenblatt added most to Raytheon Company in Q4 2018, an estimated $48.5M increase.
- Joel Greenblatt's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $48.3M.
- Joel Greenblatt fully exited Intuit in Q4 2018, selling an estimated $64M.
- Joel Greenblatt's ten largest holdings make up 9.5% of its $6.44B portfolio in Q4 2018.
- Joel Greenblatt opened 269 new positions and closed 221 in Q4 2018.
- Joel Greenblatt's portfolio value fell 11% quarter-over-quarter to $6.44B.
Based on Gotham Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.