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 |
Capri Holdings
CPRI
|
+$95M |
| 2 |
Textron
TXT
|
+$70.7M |
| 3 |
Motorola Solutions
MSI
|
+$68.3M |
| 4 |
Hormel Foods
HRL
|
+$65.5M |
| 5 |
CA
CA, Inc.
CA
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pentair
PNR
|
+$84.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$83.8M |
| 3 |
Emerson Electric
EMR
|
+$83.3M |
| 4 |
Flowserve
FLS
|
+$81.7M |
| 5 |
Terex
TEX
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.69% |
| 2 | Technology | 20.85% |
| 3 | Consumer Discretionary | 19.35% |
| 4 | Healthcare | 12.34% |
| 5 | Consumer Staples | 11.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
DHI Group
DHX
$182M
| $242K | ﹤0.01% |
27,252
-47,207
| -63% | -$410K |
|
|
FMER
852
DELISTED
FIRSTMERIT CORP
FMER
| $240K | ﹤0.01% |
11,527
-3,042
| -21% | -$60.5K |
|
|
CB
853
DELISTED
CHUBB CORPORATION
CB
| $239K | ﹤0.01% |
+2,511
| New | +$248K |
|
854
Jefferies Financial Group
JEF
$12.1B
| $236K | ﹤0.01% |
+10,851
| New | +$232K |
|
|
AIMC
855
DELISTED
Altra Industrial Motion Corp
AIMC
| $236K | ﹤0.01% |
8,688
-27,921
| -76% | -$784K |
|
856
Sun Life Financial
SLF
$44B
| $235K | ﹤0.01% |
7,047
-75
| -1% | -$2.47K |
|
857
Smith & Wesson
SWBI
$632M
| $235K | ﹤0.01% |
+18,408
| New | +$212K |
|
858
Ameriprise Financial
AMP
$49.1B
| $234K | ﹤0.01% |
+1,873
| New | +$239K |
|
859
Carlisle Companies
CSL
$14.6B
| $234K | ﹤0.01% |
2,334
-15,949
| -87% | -$1.56M |
|
|
PRE
860
DELISTED
PARTNERRE LTD
PRE
| $234K | ﹤0.01% |
1,823
-433
| -19% | -$55.8K |
|
861
Manulife Financial
MFC
$70.5B
| $232K | ﹤0.01% |
12,461
-1,946
| -14% | -$36.2K |
|
862
Morgan Stanley
MS
$336B
| $229K | ﹤0.01% |
+5,904
| New | +$225K |
|
|
DDC
863
DELISTED
Dominion Diamond Corporation
DDC
| $226K | ﹤0.01% |
+16,166
| New | +$293K |
|
|
EPIQ
864
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $225K | ﹤0.01% |
+13,327
| New | +$231K |
|
|
VRNT
865
DELISTED
Verint Systems
VRNT
| $224K | ﹤0.01% |
+7,242
| New | +$234K |
|
|
MAGN
866
Magnera Corp
MAGN
$439M
| $224K | ﹤0.01% |
+783
| New | +$248K |
|
867
Village Super Market
VLGEA
$653M
| $223K | ﹤0.01% |
+7,044
| New | +$227K |
|
868
Northern Oil and Gas
NOG
$2.91B
| $222K | ﹤0.01% |
+3,275
| New | +$250K |
|
869
Ezcorp Inc
EZPW
$1.98B
| $221K | ﹤0.01% |
29,778
+2,061
| +7% | +$17.6K |
|
870
Fox Factory Holding Corp
FOXF
$918M
| $214K | ﹤0.01% |
+13,289
| New | +$214K |
|
871
Lincoln National
LNC
$8.07B
| $214K | ﹤0.01% |
3,616
-338
| -9% | -$19.8K |
|
872
Principal Financial Group
PFG
$23.7B
| $214K | ﹤0.01% |
+4,177
| New | +$217K |
|
873
W.R. Berkley
WRB
$25.5B
| $213K | ﹤0.01% |
13,865
-1,269
| -8% | -$18.9K |
|
|
SYNH
874
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $213K | ﹤0.01% |
5,309
-4,875
| -48% | -$168K |
|
|
SNV
875
DELISTED
Synovus
SNV
| $212K | ﹤0.01% |
6,877
-1,837
| -21% | -$53.1K |
|
Similar funds
Joel Greenblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Joel Greenblatt held 1,149 positions worth $12B, down 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Joel Greenblatt withdrew a net $800M in Q2 2015, closing 241 positions and reducing 357 holdings. Its most notable exit was Pentair, an estimated $84.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Textron worth $69.5M.
- Joel Greenblatt's largest Q2 2015 buy was Textron: 1,556,135 shares worth $69.5M.
- Joel Greenblatt added most to Capri Holdings in Q2 2015, an estimated $95M increase.
- Joel Greenblatt's biggest Q2 2015 reduction was Emerson Electric, cutting an estimated $83.3M.
- Joel Greenblatt fully exited Pentair in Q2 2015, selling an estimated $84.3M.
- Joel Greenblatt's ten largest holdings make up 7.7% of its $12B portfolio in Q2 2015.
- Joel Greenblatt opened 257 new positions and closed 241 in Q2 2015.
- Joel Greenblatt's portfolio value fell 8.8% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q2 2015, filed 14 Aug 2015.