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 | |
|---|---|---|---|---|---|---|
|
FRP
851
DELISTED
Fairpoint Communications, Inc.
FRP
| $269K | ﹤0.01% |
17,186
-9,885
| -37% | -$155K |
|
|
KNGT
852
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $268K | ﹤0.01% |
+7,246
| New | +$268K |
|
853
Rogers Corp
ROG
$2.26B
| $266K | ﹤0.01% |
2,452
-1,273
| -34% | -$129K |
|
|
ETFC
854
DELISTED
E*Trade Financial Corporation
ETFC
| $266K | ﹤0.01% |
6,995
-16,670
| -70% | -$590K |
|
|
EVRI
855
DELISTED
Everi Holdings
EVRI
| $265K | ﹤0.01% |
+36,339
| New | +$235K |
|
|
HMSY
856
DELISTED
HMS Holdings Corp.
HMSY
| $262K | ﹤0.01% |
14,173
-190,210
| -93% | -$3.66M |
|
857
Roper Technologies
ROP
$40.7B
| $260K | ﹤0.01% |
+1,125
| New | +$249K |
|
|
BNFT
858
DELISTED
Benefitfocus, Inc.
BNFT
| $260K | ﹤0.01% |
+7,147
| New | +$229K |
|
859
Assurant
AIZ
$14B
| $257K | ﹤0.01% |
2,479
-1,614
| -39% | -$161K |
|
|
CRAY
860
DELISTED
Cray, Inc.
CRAY
| $255K | ﹤0.01% |
13,848
-7,101
| -34% | -$131K |
|
|
FTD
861
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $254K | ﹤0.01% |
+12,692
| New | +$244K |
|
862
Fortune Brands Innovations
FBIN
$5.32B
| $253K | ﹤0.01% |
4,543
-518,920
| -99% | -$28.1M |
|
|
INWK
863
DELISTED
InnerWorkings, Inc.
INWK
| $251K | ﹤0.01% |
+21,610
| New | +$232K |
|
864
Steven Madden
SHOO
$3.37B
| $250K | ﹤0.01% |
9,401
-1,360
| -13% | -$34.5K |
|
865
Toronto Dominion Bank
TD
$194B
| $249K | ﹤0.01% |
4,933
-363
| -7% | -$17.5K |
|
866
Main Street Capital
MAIN
$5.45B
| $248K | ﹤0.01% |
+6,461
| New | +$251K |
|
|
GTT
867
DELISTED
GTT Communications, Inc.
GTT
| $247K | ﹤0.01% |
7,818
-28,922
| -79% | -$857K |
|
868
Fidelity National Financial
FNF
$12.7B
| $246K | ﹤0.01% |
7,895
-5,931
| -43% | -$171K |
|
869
First Horizon
FHN
$11.7B
| $244K | ﹤0.01% |
14,002
+873
| +7% | +$15.5K |
|
870
Vistra
VST
$45.7B
| $241K | ﹤0.01% |
+14,351
| New | +$227K |
|
|
WIFI
871
DELISTED
Boingo Wireless, Inc.
WIFI
| $237K | ﹤0.01% |
+15,841
| New | +$239K |
|
872
BCE
BCE
$22.1B
| $236K | ﹤0.01% |
5,238
-2,026
| -28% | -$91.3K |
|
873
National Healthcare
NHC
$3.66B
| $234K | ﹤0.01% |
+3,342
| New | +$239K |
|
874
Charles River Laboratories
CRL
$14.1B
| $233K | ﹤0.01% |
2,299
-113,999
| -98% | -$10.5M |
|
875
Coca-Cola
KO
$392B
| $233K | ﹤0.01% |
5,188
-194,057
| -97% | -$8.57M |
|
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.