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 |
Phillips 66
PSX
|
+$43.2M |
| 2 |
Booking.com
BKNG
|
+$32.2M |
| 3 |
RTX Corp
RTX
|
+$32.1M |
| 4 |
Pfizer
PFE
|
+$30.2M |
| 5 |
Northrop Grumman
NOC
|
+$25.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$55.3M |
| 2 |
IBM
IBM
|
+$43.1M |
| 3 |
Lowe's Companies
LOW
|
+$36M |
| 4 |
Linde
LIN
|
+$29.1M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.23% |
| 2 | Technology | 15.76% |
| 3 | Healthcare | 12.99% |
| 4 | Consumer Discretionary | 12.18% |
| 5 | Consumer Staples | 10.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
ProPetro Holding
PUMP
$1.39B
| $521K | 0.01% |
46,326
+27,953
| +152% | +$250K |
|
802
ExxonMobil
XOM
$679B
| $520K | 0.01% |
7,447
+3,550
| +91% | +$245K |
|
|
ABB
803
DELISTED
ABB Ltd
ABB
| $518K | 0.01% |
21,515
+1,298
| +6% | +$27.8K |
|
804
ServiceNow
NOW
$133B
| $515K | 0.01% |
+9,125
| New | +$481K |
|
805
Regions Financial
RF
$25.9B
| $512K | 0.01% |
29,846
+8,841
| +42% | +$146K |
|
806
Canadian Natural Resources
CNQ
$106B
| $510K | 0.01% |
32,166
| – | – |
|
807
Helix Energy Solutions
HLX
$1.53B
| $508K | 0.01% |
52,726
-3,402
| -6% | -$29.4K |
|
|
AVLR
808
DELISTED
Avalara, Inc.
AVLR
| $507K | 0.01% |
6,926
-1,873
| -21% | -$136K |
|
809
Idacorp
IDA
$7.94B
| $503K | 0.01% |
4,706
-228
| -5% | -$24.4K |
|
810
Ameren
AEE
$29.4B
| $502K | 0.01% |
6,539
+37
| +0.6% | +$2.81K |
|
811
Brown & Brown
BRO
$24.4B
| $501K | 0.01% |
12,689
-619
| -5% | -$23.2K |
|
812
CME Group
CME
$98.9B
| $500K | 0.01% |
+2,491
| New | +$511K |
|
813
Newmont
NEM
$139B
| $500K | 0.01% |
11,497
-2
| -0% | -$78 |
|
814
Standex International
SXI
$3.76B
| $500K | 0.01% |
6,296
+370
| +6% | +$28.1K |
|
815
Advanced Micro Devices
AMD
$773B
| $498K | 0.01% |
+10,858
| New | +$400K |
|
816
QuinStreet
QNST
$1.18B
| $498K | 0.01% |
32,538
-47,990
| -60% | -$684K |
|
817
NorthWestern Energy
NWE
$4.27B
| $497K | 0.01% |
6,932
-734
| -10% | -$52.9K |
|
818
Kforce
KFRC
$1.05B
| $496K | 0.01% |
12,489
-2,518
| -17% | -$99.5K |
|
819
Fidelity National Information Services
FIS
$21.3B
| $490K | 0.01% |
3,524
-88,350
| -96% | -$11.8M |
|
820
Corning
GLW
$129B
| $489K | 0.01% |
+16,799
| New | +$488K |
|
821
Zions Bancorporation
ZION
$9.95B
| $489K | 0.01% |
+9,414
| New | +$457K |
|
|
B
822
Barrick Mining
B
$78.3B
| $485K | 0.01% |
26,063
| – | – |
|
823
M&T Bank
MTB
$34.7B
| $485K | 0.01% |
2,859
+335
| +13% | +$54.4K |
|
824
MKS Inc
MKSI
$18.9B
| $484K | 0.01% |
4,397
-172
| -4% | -$18K |
|
825
Etsy
ETSY
$7.44B
| $482K | 0.01% |
10,882
-6,491
| -37% | -$309K |
|
Similar funds
Joel Greenblatt's Q4 2019 Portfolio in Review
As of Q4 2019, Joel Greenblatt held 1,290 positions worth $5.45B, down 3.8% from $5.66B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $632M in Q4 2019, closing 203 positions and reducing 508 holdings. Its most notable exit was Celgene Corp, an estimated $55.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Phillips 66 worth $42.8M.
- Joel Greenblatt's largest Q4 2019 buy was Phillips 66: 384,100 shares worth $42.8M.
- Joel Greenblatt added most to Booking.com in Q4 2019, an estimated $32.2M increase.
- Joel Greenblatt's biggest Q4 2019 reduction was IBM, cutting an estimated $43.1M.
- Joel Greenblatt fully exited Celgene Corp in Q4 2019, selling an estimated $55.3M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.45B portfolio in Q4 2019.
- Joel Greenblatt opened 215 new positions and closed 203 in Q4 2019.
- Joel Greenblatt's portfolio value fell 3.8% quarter-over-quarter to $5.45B.
Based on Gotham Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.