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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DPLO
826
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $225K | ﹤0.01% |
+8,815
| New | +$206K |
|
827
Angi Inc
ANGI
$200M
| $224K | ﹤0.01% |
+1,456
| New | +$211K |
|
|
VSM
828
DELISTED
Versum Materials, Inc.
VSM
| $222K | ﹤0.01% |
+5,989
| New | +$228K |
|
|
TOWR
829
DELISTED
Tower International, Inc.
TOWR
| $222K | ﹤0.01% |
6,994
-5,728
| -45% | -$172K |
|
|
WRD
830
DELISTED
WildHorse Resource Development
WRD
| $220K | ﹤0.01% |
+8,672
| New | +$216K |
|
831
Vodafone
VOD
$36.9B
| $215K | ﹤0.01% |
8,848
-2,972
| -25% | -$81.1K |
|
832
MasterCraft Boat Holdings
MCFT
$617M
| $213K | ﹤0.01% |
+7,351
| New | +$203K |
|
833
Molina Healthcare
MOH
$10.5B
| $213K | ﹤0.01% |
2,174
-1,886
| -46% | -$164K |
|
834
Essential Utilities
WTRG
$11.4B
| $213K | ﹤0.01% |
+6,042
| New | +$207K |
|
835
Anika Therapeutics
ANIK
$291M
| $212K | ﹤0.01% |
6,624
-24,711
| -79% | -$1.02M |
|
836
Element Solutions
ESI
$8.6B
| $211K | ﹤0.01% |
18,194
-3,552
| -16% | -$38.7K |
|
837
HealthStream
HSTM
$844M
| $211K | ﹤0.01% |
+7,734
| New | +$205K |
|
838
Trex
TREX
$4.77B
| $207K | ﹤0.01% |
6,600
-62,100
| -90% | -$1.8M |
|
|
KND
839
DELISTED
Kindred Healthcare
KND
| $207K | ﹤0.01% |
22,996
-56,570
| -71% | -$507K |
|
840
Trupanion
TRUP
$1.36B
| $202K | ﹤0.01% |
+5,226
| New | +$162K |
|
841
Nektar Therapeutics
NKTR
$2.53B
| $201K | ﹤0.01% |
274
-23
| -8% | -$26.5K |
|
|
BFX
842
DELISTED
BowFlex Inc.
BFX
| $197K | ﹤0.01% |
+12,569
| New | +$191K |
|
843
Smith & Wesson
SWBI
$632M
| $194K | ﹤0.01% |
+20,999
| New | +$189K |
|
844
e.l.f. Beauty
ELF
$6.02B
| $191K | ﹤0.01% |
12,517
-2,261
| -15% | -$42.9K |
|
|
WOW
845
DELISTED
WideOpenWest
WOW
| $177K | ﹤0.01% |
+18,278
| New | +$147K |
|
846
Kinross Gold
KGC
$38.9B
| $174K | ﹤0.01% |
46,347
+15,206
| +49% | +$57.1K |
|
|
EGIO
847
DELISTED
Edgio, Inc. Common Stock
EGIO
| $165K | ﹤0.01% |
+920
| New | +$178K |
|
848
Cerus
CERS
$566M
| $162K | ﹤0.01% |
+24,257
| New | +$149K |
|
849
Vera Bradley
VRA
$89.6M
| $161K | ﹤0.01% |
11,489
-7,077
| -38% | -$85K |
|
|
CCXI
850
DELISTED
ChemoCentryx, Inc.
CCXI
| $154K | ﹤0.01% |
+11,717
| New | +$140K |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.