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 | |
|---|---|---|---|---|---|---|
851
National CineMedia
NCMI
$245M
| $246K | ﹤0.01% |
+1,670
| New | +$246K |
|
|
CARB
852
DELISTED
Carbonite Inc
CARB
| $246K | ﹤0.01% |
+15,003
| New | +$256K |
|
853
Astec Industries
ASTE
$998M
| $244K | ﹤0.01% |
3,622
-19,955
| -85% | -$1.25M |
|
854
Evercore
EVR
$11.1B
| $244K | ﹤0.01% |
+3,551
| New | +$218K |
|
|
FISV
855
Fiserv Inc
FISV
$28.2B
| $243K | ﹤0.01% |
4,580
-218,272
| -98% | -$11.2M |
|
856
Genworth Financial
GNW
$3.74B
| $242K | ﹤0.01% |
63,464
+22,699
| +56% | +$100K |
|
857
Flowers Foods
FLO
$1.52B
| $240K | ﹤0.01% |
11,994
-681,589
| -98% | -$11.2M |
|
858
Canadian Imperial Bank of Commerce
CM
$105B
| $238K | ﹤0.01% |
+5,836
| New | +$229K |
|
859
TTEC Holdings
TTEC
$67M
| $238K | ﹤0.01% |
+7,790
| New | +$224K |
|
|
VGR
860
DELISTED
Vector Group Ltd.
VGR
| $237K | ﹤0.01% |
17,046
-140,616
| -89% | -$1.83M |
|
|
MZTI
861
The Marzetti Company
MZTI
$3.15B
| $236K | ﹤0.01% |
1,671
-50
| -3% | -$6.76K |
|
862
Verisk Analytics
VRSK
$24.7B
| $236K | ﹤0.01% |
2,907
-286,092
| -99% | -$23.4M |
|
863
Jones Lang LaSalle
JLL
$17.7B
| $234K | ﹤0.01% |
+2,313
| New | +$232K |
|
864
Hartford Financial Services
HIG
$37.6B
| $233K | ﹤0.01% |
+4,899
| New | +$225K |
|
865
Motorcar Parts of America
MPAA
$218M
| $233K | ﹤0.01% |
+8,672
| New | +$229K |
|
866
Corning
GLW
$125B
| $232K | ﹤0.01% |
9,573
+5
| +0.1% | +$119 |
|
867
Novanta
NOVT
$5.35B
| $231K | ﹤0.01% |
+10,992
| New | +$209K |
|
|
SC
868
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $231K | ﹤0.01% |
17,098
-3,626
| -17% | -$47.9K |
|
|
AFSI
869
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $229K | ﹤0.01% |
+8,370
| New | +$223K |
|
870
International Flavors & Fragrances
IFF
$21.8B
| $228K | ﹤0.01% |
1,931
+326
| +20% | +$40.9K |
|
871
Intercontinental Exchange
ICE
$90.7B
| $227K | ﹤0.01% |
4,031
-17,674
| -81% | -$979K |
|
|
UTEK
872
DELISTED
Ultratech Inc.
UTEK
| $225K | ﹤0.01% |
+9,394
| New | +$214K |
|
873
MiMedx Group
MDXG
$633M
| $224K | ﹤0.01% |
25,283
-36,139
| -59% | -$325K |
|
|
IBKC
874
DELISTED
IBERIABANK Corp
IBKC
| $224K | ﹤0.01% |
2,677
-1,707
| -39% | -$131K |
|
875
Wabtec
WAB
$50.2B
| $223K | ﹤0.01% |
2,683
-24,514
| -90% | -$2.02M |
|
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.