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 |
EOG Resources
EOG
|
+$19.5M |
| 2 |
Broadcom
AVGO
|
+$12.6M |
| 3 |
Intuit
INTU
|
+$12.1M |
| 4 |
Tyson Foods
TSN
|
+$12M |
| 5 |
Humana
HUM
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$23M |
| 2 |
Biogen
BIIB
|
+$19.2M |
| 3 |
Apple
AAPL
|
+$16.6M |
| 4 |
Pfizer
PFE
|
+$15.6M |
| 5 |
AbbVie
ABBV
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.34% |
| 2 | Consumer Discretionary | 15.98% |
| 3 | Industrials | 14.14% |
| 4 | Healthcare | 12.08% |
| 5 | Consumer Staples | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Kimco Realty
KIM
$16.1B
| $324K | 0.01% |
28,743
+11,132
| +63% | +$131K |
|
827
RenaissanceRe
RNR
$13.4B
| $324K | 0.01% |
1,910
-143
| -7% | -$25.3K |
|
828
Vanda Pharmaceuticals
VNDA
$319M
| $320K | 0.01% |
33,161
-47,369
| -59% | -$506K |
|
829
DMC Global
BOOM
$144M
| $317K | 0.01% |
9,636
-20,955
| -69% | -$662K |
|
830
Starbucks
SBUX
$122B
| $317K | 0.01% |
3,685
-24,522
| -87% | -$1.96M |
|
|
ATH
831
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $316K | 0.01% |
9,277
-2,958
| -24% | -$102K |
|
832
Allstate
ALL
$64.2B
| $315K | 0.01% |
3,351
-7,687
| -70% | -$717K |
|
833
Progressive
PGR
$127B
| $312K | 0.01% |
+3,293
| New | +$296K |
|
|
SHOE
834
Shoe Station Group
SHOE
$420M
| $312K | 0.01% |
+18,604
| New | +$281K |
|
835
Sun Communities
SUI
$14.8B
| $311K | 0.01% |
2,210
-196
| -8% | -$28.1K |
|
836
IDEX
IEX
$17.3B
| $310K | 0.01% |
+1,698
| New | +$294K |
|
837
PennyMac Financial
PFSI
$3.9B
| $309K | 0.01% |
5,312
-2,060
| -28% | -$102K |
|
|
BLDP
838
Ballard Power Systems
BLDP
$724M
| $307K | 0.01% |
20,355
-103,703
| -84% | -$1.67M |
|
839
Descartes Systems
DSGX
$6.7B
| $304K | 0.01% |
5,329
+359
| +7% | +$19.9K |
|
840
Henry Schein
HSIC
$9.86B
| $304K | 0.01% |
5,178
-62,882
| -92% | -$4.03M |
|
841
ESCO Technologies
ESE
$7.44B
| $298K | 0.01% |
3,695
+646
| +21% | +$55.7K |
|
842
Element Solutions
ESI
$8.6B
| $294K | 0.01% |
27,992
-17,003
| -38% | -$186K |
|
843
Wabash National
WNC
$490M
| $292K | 0.01% |
24,417
-24,648
| -50% | -$290K |
|
844
Jazz Pharmaceuticals
JAZZ
$16.5B
| $291K | 0.01% |
2,042
-19,521
| -91% | -$2.42M |
|
845
TTM Technologies
TTMI
$11.6B
| $291K | 0.01% |
25,504
-16,145
| -39% | -$189K |
|
|
SPTN
846
DELISTED
SpartanNash
SPTN
| $283K | 0.01% |
17,280
-4,660
| -21% | -$93K |
|
847
Equinox Gold
EQX
$15.8B
| $282K | 0.01% |
24,096
| – | – |
|
848
Amdocs
DOX
$6.41B
| $281K | 0.01% |
4,899
-2,118
| -30% | -$127K |
|
849
Planet Fitness
PLNT
$4.09B
| $281K | 0.01% |
4,557
-60
| -1% | -$3.45K |
|
|
SYNH
850
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $281K | 0.01% |
5,277
+38
| +0.7% | +$2.26K |
|
Similar funds
Joel Greenblatt's Q3 2020 Portfolio in Review
As of Q3 2020, Joel Greenblatt held 1,183 positions worth $3.11B, down 6.8% from $3.34B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Joel Greenblatt withdrew a net $465M in Q3 2020, closing 172 positions and reducing 541 holdings. Its most notable exit was Southwest Airlines, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Joel Greenblatt opened a new position in Wingstop worth $6.01M.
- Joel Greenblatt's largest Q3 2020 buy was Wingstop: 43,971 shares worth $6.01M.
- Joel Greenblatt added most to EOG Resources in Q3 2020, an estimated $19.5M increase.
- Joel Greenblatt's biggest Q3 2020 reduction was Medtronic, cutting an estimated $23M.
- Joel Greenblatt fully exited Southwest Airlines in Q3 2020, selling an estimated $14.5M.
- Joel Greenblatt's ten largest holdings make up 13% of its $3.11B portfolio in Q3 2020.
- Joel Greenblatt opened 140 new positions and closed 172 in Q3 2020.
- Joel Greenblatt's portfolio value fell 6.8% quarter-over-quarter to $3.11B.
Based on Gotham Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.