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 |
Micron Technology
MU
|
+$46.7M |
| 2 |
Altria Group
MO
|
+$36.7M |
| 3 |
Clorox
CLX
|
+$36M |
| 4 |
Lockheed Martin
LMT
|
+$35.6M |
| 5 |
Pentair
PNR
|
+$31.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emerson Electric
EMR
|
+$51.9M |
| 2 |
United Rentals
URI
|
+$42.6M |
| 3 |
Archer Daniels Midland
ADM
|
+$31.2M |
| 4 |
Biogen
BIIB
|
+$29.4M |
| 5 |
Procter & Gamble
PG
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.45% |
| 2 | Technology | 20.01% |
| 3 | Healthcare | 16.96% |
| 4 | Consumer Discretionary | 16.53% |
| 5 | Communication Services | 9.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TPCO
851
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $232K | ﹤0.01% |
15,966
-806
| -5% | -$10.8K |
|
|
I
852
DELISTED
INTELSAT S. A.
I
| $230K | ﹤0.01% |
48,887
+21,117
| +76% | +$79.8K |
|
|
EEX
853
DELISTED
Emerald Holding
EEX
| $227K | ﹤0.01% |
+9,776
| New | +$216K |
|
854
Bank OZK
OZK
$5.39B
| $223K | ﹤0.01% |
+4,638
| New | +$207K |
|
855
American Financial Group
AFG
$11.9B
| $222K | ﹤0.01% |
+2,148
| New | +$218K |
|
856
Toronto Dominion Bank
TD
$194B
| $217K | ﹤0.01% |
3,853
-1,080
| -22% | -$56.7K |
|
857
BCE
BCE
$22.1B
| $212K | ﹤0.01% |
4,530
-708
| -14% | -$33.1K |
|
858
Global Industrial
GIC
$1.5B
| $211K | ﹤0.01% |
+7,977
| New | +$181K |
|
859
Home BancShares
HOMB
$6.06B
| $210K | ﹤0.01% |
+8,314
| New | +$200K |
|
|
NP
860
DELISTED
Neenah, Inc. Common Stock
NP
| $210K | ﹤0.01% |
2,456
-5,405
| -69% | -$428K |
|
861
Vistra
VST
$45.7B
| $209K | ﹤0.01% |
11,160
-3,191
| -22% | -$55K |
|
862
CAE Inc
CAE
$8.02B
| $205K | ﹤0.01% |
11,697
-20,830
| -64% | -$351K |
|
|
CSII
863
DELISTED
Cardiovascular Systems, Inc.
CSII
| $205K | ﹤0.01% |
7,296
-6,875
| -49% | -$209K |
|
|
AFSI
864
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $202K | ﹤0.01% |
15,015
-17,456
| -54% | -$246K |
|
|
MEET
865
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $194K | ﹤0.01% |
53,386
-81,902
| -61% | -$349K |
|
866
Kosmos Energy
KOS
$1.76B
| $191K | ﹤0.01% |
23,995
-307,264
| -93% | -$2.12M |
|
867
National CineMedia
NCMI
$239M
| $187K | ﹤0.01% |
2,672
+1,529
| +134% | +$98.8K |
|
|
SSNI
868
DELISTED
Silver Spring Networks, Inc.
SSNI
| $186K | ﹤0.01% |
+11,489
| New | +$144K |
|
|
FTD
869
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $185K | ﹤0.01% |
14,171
+1,479
| +12% | +$23.5K |
|
|
TCF
870
DELISTED
TCF Financial Corporation
TCF
| $177K | ﹤0.01% |
10,392
-3,823
| -27% | -$60.3K |
|
871
Element Solutions
ESI
$8.6B
| $173K | ﹤0.01% |
15,530
-95,552
| -86% | -$1.18M |
|
|
HDSN
872
Hudson Technologies
HDSN
$237M
| $173K | ﹤0.01% |
22,101
+7,145
| +48% | +$61.9K |
|
|
BOJA
873
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $170K | ﹤0.01% |
12,583
-71,095
| -85% | -$1M |
|
|
NE
874
DELISTED
Noble Corporation
NE
| $164K | ﹤0.01% |
35,615
-659,822
| -95% | -$2.48M |
|
875
Sunstone Hotel Investors
SHO
$2.1B
| $162K | ﹤0.01% |
+10,086
| New | +$160K |
|
Similar funds
Joel Greenblatt's Q3 2017 Portfolio in Review
As of Q3 2017, Joel Greenblatt held 1,127 positions worth $6.81B, down 4.5% from $7.13B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Joel Greenblatt withdrew a net $570M in Q3 2017, closing 230 positions and reducing 398 holdings. Its most notable exit was United Rentals, an estimated $42.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Micron Technology worth $58.1M.
- Joel Greenblatt's largest Q3 2017 buy was Micron Technology: 1,477,788 shares worth $58.1M.
- Joel Greenblatt added most to Altria Group in Q3 2017, an estimated $36.7M increase.
- Joel Greenblatt's biggest Q3 2017 reduction was Emerson Electric, cutting an estimated $51.9M.
- Joel Greenblatt fully exited United Rentals in Q3 2017, selling an estimated $42.6M.
- Joel Greenblatt's ten largest holdings make up 8.7% of its $6.81B portfolio in Q3 2017.
- Joel Greenblatt opened 178 new positions and closed 230 in Q3 2017.
- Joel Greenblatt's portfolio value fell 4.5% quarter-over-quarter to $6.81B.
Based on Gotham Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.