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 |
Trane Technologies
TT
|
+$52.9M |
| 2 |
CVS Health
CVS
|
+$49.8M |
| 3 |
Booking.com
BKNG
|
+$46.8M |
| 4 |
Philip Morris
PM
|
+$42.5M |
| 5 |
Abbott
ABT
|
+$40.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hewlett Packard
HPE
|
+$82M |
| 2 |
Sysco
SYY
|
+$54.1M |
| 3 |
Marriott International
MAR
|
+$50.1M |
| 4 |
Automatic Data Processing
ADP
|
+$49.8M |
| 5 |
Walt Disney
DIS
|
+$48.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.86% |
| 2 | Technology | 19.39% |
| 3 | Healthcare | 17.75% |
| 4 | Consumer Discretionary | 16.26% |
| 5 | Consumer Staples | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Bruker
BRKR
$8.74B
| $282K | ﹤0.01% |
+13,320
| New | +$291K |
|
827
Burlington
BURL
$20.5B
| $282K | ﹤0.01% |
3,332
+1
| +0% | +$81 |
|
828
Dorman Products
DORM
$3.86B
| $281K | ﹤0.01% |
3,848
-72
| -2% | -$4.92K |
|
|
VR
829
DELISTED
Validus Hold Ltd
VR
| $279K | ﹤0.01% |
+5,066
| New | +$268K |
|
830
Corcept Therapeutics
CORT
$13.2B
| $276K | ﹤0.01% |
38,010
+17,102
| +82% | +$134K |
|
831
Eversource Energy
ES
$26.8B
| $270K | ﹤0.01% |
+4,896
| New | +$262K |
|
832
Arrow Electronics
ARW
$10.3B
| $268K | ﹤0.01% |
3,756
-166
| -4% | -$11K |
|
833
Cognizant
CTSH
$28B
| $268K | ﹤0.01% |
+4,783
| New | +$256K |
|
834
Barnes & Noble Education
BNED
$425M
| $267K | ﹤0.01% |
+233
| New | +$246K |
|
835
Helmerich & Payne
HP
$4.25B
| $262K | ﹤0.01% |
3,383
-5,299
| -61% | -$376K |
|
|
HZN
836
DELISTED
Horizon Global Corporation
HZN
| $261K | ﹤0.01% |
+10,894
| New | +$245K |
|
837
Kinross Gold
KGC
$38.7B
| $259K | ﹤0.01% |
+83,254
| New | +$292K |
|
|
XYZ
838
Block Inc
XYZ
$49.2B
| $259K | ﹤0.01% |
+18,995
| New | +$236K |
|
|
ITCI
839
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $258K | ﹤0.01% |
+17,079
| New | +$241K |
|
840
Pediatrix Medical
MD
$2.15B
| $256K | ﹤0.01% |
+3,834
| New | +$249K |
|
841
Air Products & Chemicals
APD
$67.5B
| $253K | ﹤0.01% |
1,758
-28,246
| -94% | -$3.95M |
|
|
ABAX
842
DELISTED
Abaxis Inc
ABAX
| $253K | ﹤0.01% |
4,801
-35,466
| -88% | -$1.83M |
|
843
T. Rowe Price
TROW
$23.7B
| $252K | ﹤0.01% |
3,349
-16,675
| -83% | -$1.18M |
|
|
ETFC
844
DELISTED
E*Trade Financial Corporation
ETFC
| $252K | ﹤0.01% |
7,265
-459
| -6% | -$14.6K |
|
845
ANI Pharmaceuticals
ANIP
$1.71B
| $251K | ﹤0.01% |
4,137
-626
| -13% | -$38.3K |
|
|
STL
846
DELISTED
Sterling Bancorp
STL
| $251K | ﹤0.01% |
10,743
-3,312
| -24% | -$68.6K |
|
847
Qorvo
QRVO
$8.36B
| $250K | ﹤0.01% |
4,737
+27
| +0.6% | +$1.47K |
|
|
ARII
848
DELISTED
American Railcar Industries, Inc.
ARII
| $250K | ﹤0.01% |
5,519
-23,192
| -81% | -$980K |
|
849
Zions Bancorporation
ZION
$9.93B
| $249K | ﹤0.01% |
5,791
-3,978
| -41% | -$147K |
|
850
Public Storage
PSA
$60.2B
| $248K | ﹤0.01% |
+1,110
| New | +$236K |
|
Similar funds
Joel Greenblatt's Q4 2016 Portfolio in Review
As of Q4 2016, Joel Greenblatt held 1,149 positions worth $7.77B, up 1.2% from $7.68B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Joel Greenblatt withdrew a net $270M in Q4 2016, closing 225 positions and reducing 377 holdings. Its most notable exit was Sysco, an estimated $54.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Philip Morris worth $42M.
- Joel Greenblatt's largest Q4 2016 buy was Philip Morris: 458,877 shares worth $42M.
- Joel Greenblatt added most to Trane Technologies in Q4 2016, an estimated $52.9M increase.
- Joel Greenblatt's biggest Q4 2016 reduction was Hewlett Packard, cutting an estimated $82M.
- Joel Greenblatt fully exited Sysco in Q4 2016, selling an estimated $54.1M.
- Joel Greenblatt's ten largest holdings make up 8.9% of its $7.77B portfolio in Q4 2016.
- Joel Greenblatt opened 238 new positions and closed 225 in Q4 2016.
- Joel Greenblatt's portfolio value rose 1.2% quarter-over-quarter to $7.77B.
Based on Gotham Asset Management's 13F filing for Q4 2016, filed 14 Feb 2017.