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 |
Intuit
INTU
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
InterContinental Hotels
IHG
$23.6B
| $308K | ﹤0.01% |
+5,266
| New | +$303K |
|
827
Zions Bancorporation
ZION
$9.95B
| $308K | ﹤0.01% |
7,003
+750
| +12% | +$30.9K |
|
|
BNY
828
Bank of New York Mellon
BNY
$108B
| $306K | ﹤0.01% |
6,004
-1,119
| -16% | -$53.5K |
|
829
Zumiez
ZUMZ
$308M
| $306K | ﹤0.01% |
24,742
+12,277
| +98% | +$188K |
|
830
M&T Bank
MTB
$34.7B
| $305K | ﹤0.01% |
1,881
-1,053
| -36% | -$166K |
|
831
Interactive Brokers
IBKR
$42.5B
| $301K | ﹤0.01% |
32,208
-10,156
| -24% | -$90.2K |
|
832
Cabot Corp
CBT
$4.4B
| $299K | ﹤0.01% |
5,603
-85,882
| -94% | -$4.71M |
|
833
Zoetis
ZTS
$32.1B
| $297K | ﹤0.01% |
4,769
-64,216
| -93% | -$3.79M |
|
|
WSTC
834
DELISTED
West Corporation
WSTC
| $297K | ﹤0.01% |
12,738
-15,153
| -54% | -$360K |
|
835
Teradata
TDC
$2.58B
| $293K | ﹤0.01% |
9,931
-427,801
| -98% | -$12.5M |
|
836
Travelers Companies
TRV
$75.8B
| $290K | ﹤0.01% |
2,293
-2,178
| -49% | -$268K |
|
|
BGFV
837
DELISTED
Big 5 Sporting Goods
BGFV
| $287K | ﹤0.01% |
21,970
-31,967
| -59% | -$459K |
|
|
RDS.B
838
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $287K | ﹤0.01% |
+5,278
| New | +$294K |
|
|
FCB
839
DELISTED
FCB Financial Holdings, Inc.
FCB
| $287K | ﹤0.01% |
6,015
+1,652
| +38% | +$78.2K |
|
840
Olin
OLN
$2.1B
| $285K | ﹤0.01% |
9,420
-4,886
| -34% | -$150K |
|
841
FS KKR Capital
FSK
$3.29B
| $284K | ﹤0.01% |
7,752
+1,354
| +21% | +$50.9K |
|
842
HNI Corp
HNI
$3.55B
| $279K | ﹤0.01% |
7,009
-45,405
| -87% | -$1.98M |
|
843
Diageo
DEO
$52.6B
| $278K | ﹤0.01% |
+2,323
| New | +$277K |
|
844
Restaurant Brands International
QSR
$28.2B
| $278K | ﹤0.01% |
4,445
-47,582
| -91% | -$2.8M |
|
845
Northern Trust
NTRS
$33.6B
| $277K | ﹤0.01% |
2,850
-176
| -6% | -$15.8K |
|
|
TPC
846
Tutor Perini Cor
TPC
$4.8B
| $277K | ﹤0.01% |
9,618
-257,150
| -96% | -$7.31M |
|
847
OraSure Technologies
OSUR
$268M
| $275K | ﹤0.01% |
15,908
-4,302
| -21% | -$61.9K |
|
848
Loews
L
$22.5B
| $272K | ﹤0.01% |
+5,810
| New | +$272K |
|
849
Bank of Montreal
BMO
$122B
| $271K | ﹤0.01% |
+3,687
| New | +$261K |
|
850
Pool Corp
POOL
$6.83B
| $270K | ﹤0.01% |
2,298
-22,609
| -91% | -$2.72M |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.