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 |
Bunge Global
BG
|
+$71M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$62.1M |
| 3 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.3M |
| 4 |
Abercrombie & Fitch
ANF
|
+$57M |
| 5 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$41.2M |
| 2 |
Whirlpool
WHR
|
+$39.9M |
| 3 |
Lockheed Martin
LMT
|
+$37.9M |
| 4 |
Intuit
INTU
|
+$37.1M |
| 5 |
United Therapeutics
UTHR
|
+$36.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.05% |
| 2 | Technology | 20.56% |
| 3 | Consumer Discretionary | 18.37% |
| 4 | Healthcare | 13.15% |
| 5 | Consumer Staples | 12.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IO
826
DELISTED
ION Geophysical Corporation
IO
| $354K | ﹤0.01% |
+8,449
| New | +$452K |
|
827
Resources Connection
RGP
$149M
| $353K | ﹤0.01% |
25,331
-14,919
| -37% | -$220K |
|
|
PHLT
828
DELISTED
Performant Healthcare Inc
PHLT
| $351K | ﹤0.01% |
43,382
-13,274
| -23% | -$128K |
|
|
JWN
829
DELISTED
Nordstrom
JWN
| $350K | ﹤0.01% |
5,124
-69
| -1% | -$4.75K |
|
|
NCI
830
DELISTED
Navigant Consulting, Inc.
NCI
| $349K | ﹤0.01% |
25,124
-310,640
| -93% | -$5.02M |
|
|
KSU
831
DELISTED
Kansas City Southern
KSU
| $346K | ﹤0.01% |
+2,858
| New | +$326K |
|
832
Weis Markets
WMK
$1.76B
| $345K | ﹤0.01% |
8,834
-1,505
| -15% | -$64.7K |
|
833
Quanta Services
PWR
$96.1B
| $343K | ﹤0.01% |
9,443
-25,690
| -73% | -$914K |
|
834
Travelers Companies
TRV
$75.8B
| $343K | ﹤0.01% |
3,647
+1,081
| +42% | +$101K |
|
835
Canadian Pacific Kansas City
CP
$85B
| $342K | ﹤0.01% |
+8,245
| New | +$323K |
|
|
WLB
836
DELISTED
Westmoreland Coal Company
WLB
| $342K | ﹤0.01% |
9,142
-27,457
| -75% | -$1.12M |
|
|
PF
837
DELISTED
Pinnacle Foods, Inc.
PF
| $339K | ﹤0.01% |
+10,386
| New | +$329K |
|
|
XLNX
838
DELISTED
Xilinx Inc
XLNX
| $330K | ﹤0.01% |
7,785
-93,876
| -92% | -$4.1M |
|
839
Park Aerospace
PKE
$737M
| $326K | ﹤0.01% |
+13,832
| New | +$389K |
|
|
ENH
840
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $323K | ﹤0.01% |
5,858
+158
| +3% | +$8.74K |
|
841
Cleveland-Cliffs
CLF
$6.43B
| $320K | ﹤0.01% |
30,876
-85,125
| -73% | -$1.3M |
|
842
ePlus
PLUS
$2.27B
| $319K | ﹤0.01% |
22,768
-6,744
| -23% | -$95.7K |
|
843
Allstate
ALL
$64.2B
| $317K | ﹤0.01% |
5,167
+1,386
| +37% | +$83.2K |
|
|
AHL
844
DELISTED
ASPEN Insurance Holding Limited
AHL
| $316K | ﹤0.01% |
7,392
+260
| +4% | +$11.1K |
|
845
Toll Brothers
TOL
$13.7B
| $313K | ﹤0.01% |
+10,052
| New | +$344K |
|
|
PRSU
846
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
| $313K | ﹤0.01% |
15,138
-14,059
| -48% | -$311K |
|
|
SWC
847
DELISTED
Stillwater Mining Co
SWC
| $312K | ﹤0.01% |
+20,743
| New | +$372K |
|
848
Shenandoah Telecom
SHEN
$683M
| $311K | ﹤0.01% |
+25,044
| New | +$352K |
|
|
FRED
849
DELISTED
Fred's Inc
FRED
| $311K | ﹤0.01% |
22,230
-25,499
| -53% | -$391K |
|
|
SLCA
850
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $306K | ﹤0.01% |
4,889
-1,076
| -18% | -$67K |
|
Similar funds
Joel Greenblatt's Q3 2014 Portfolio in Review
As of Q3 2014, Joel Greenblatt held 1,164 positions worth $10.1B, up 26% from $7.99B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $2.32B of net new capital in Q3 2014, opening 184 new positions and adding to 372 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Time Warner Inc, an estimated $41.2M trimmed.
- Joel Greenblatt's largest Q3 2014 buy was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
- Joel Greenblatt added most to Bunge Global in Q3 2014, an estimated $71M increase.
- Joel Greenblatt's biggest Q3 2014 reduction was Time Warner Inc, cutting an estimated $41.2M.
- Joel Greenblatt fully exited Intuit in Q3 2014, selling an estimated $37.1M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $10.1B portfolio in Q3 2014.
- Joel Greenblatt opened 184 new positions and closed 194 in Q3 2014.
- Joel Greenblatt's portfolio value rose 26% quarter-over-quarter to $10.1B.
Based on Gotham Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.