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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
Enerpac Tool Group
EPAC
$1.9B
| $944K | 0.02% |
35,726
+4,835
| +16% | +$129K |
|
|
LNW
802
DELISTED
Light & Wonder
LNW
| $944K | 0.02% |
13,236
-2,196
| -14% | -$159K |
|
803
UFP Technologies
UFPT
$2.39B
| $935K | 0.02% |
5,792
+1,441
| +33% | +$252K |
|
804
Antero Resources
AR
$11.7B
| $935K | 0.02% |
36,833
-10,604
| -22% | -$274K |
|
805
Hershey
HSY
$37.5B
| $933K | 0.02% |
4,663
-21,376
| -82% | -$4.79M |
|
806
Bumble
BMBL
$370M
| $931K | 0.02% |
62,374
-127,855
| -67% | -$2.16M |
|
807
iShares MSCI EAFE ETF
EFA
$80B
| $931K | 0.02% |
13,502
-37,578
| -74% | -$2.69M |
|
808
Ardelyx
ARDX
$1B
| $917K | 0.02% |
224,701
+80,982
| +56% | +$316K |
|
809
Shoals Technologies Group
SHLS
$1.19B
| $914K | 0.02% |
50,066
-103,035
| -67% | -$2.29M |
|
810
Range Resources
RRC
$9.59B
| $913K | 0.02% |
28,182
-677
| -2% | -$21.2K |
|
811
Open Text
OTEX
$5.97B
| $907K | 0.02% |
25,830
-1,820
| -7% | -$71.2K |
|
812
Allegro MicroSystems
ALGM
$6.93B
| $906K | 0.02% |
28,351
-42,078
| -60% | -$1.71M |
|
813
Installed Building Products
IBP
$6.56B
| $904K | 0.02% |
7,241
+2,397
| +49% | +$339K |
|
814
Duolingo
DUOL
$6.84B
| $904K | 0.02% |
+5,448
| New | +$801K |
|
815
nCino
NCNO
$2.26B
| $893K | 0.02% |
+28,086
| New | +$867K |
|
816
Jack in the Box
JACK
$331M
| $891K | 0.02% |
12,904
-3,042
| -19% | -$259K |
|
817
Vanguard FTSE All-World ex-US ETF
VEU
$70.6B
| $889K | 0.02% |
17,140
+7,245
| +73% | +$392K |
|
818
Clearway Energy Class C
CWEN
$6.68B
| $888K | 0.02% |
41,953
-17,160
| -29% | -$436K |
|
819
Wheaton Precious Metals
WPM
$71.7B
| $883K | 0.02% |
21,786
-68,423
| -76% | -$2.95M |
|
820
Dominion Energy
D
$58.6B
| $880K | 0.02% |
19,691
-28,009
| -59% | -$1.39M |
|
|
HPP
821
Hudson Pacific Properties
HPP
$787M
| $878K | 0.02% |
18,871
-3,400
| -15% | -$146K |
|
822
BJs Wholesale Club
BJ
$12.3B
| $875K | 0.02% |
12,262
-25,465
| -67% | -$1.71M |
|
823
MGIC Investment
MTG
$6.34B
| $873K | 0.02% |
52,310
-3,356
| -6% | -$57K |
|
824
Fabrinet
FN
$15.6B
| $873K | 0.02% |
5,238
+3,238
| +162% | +$449K |
|
825
Guardant Health
GH
$22.9B
| $864K | 0.02% |
29,158
+1,335
| +5% | +$46.9K |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.