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 |
General Dynamics
GD
|
+$58M |
| 2 |
Wells Fargo
WFC
|
+$39.8M |
| 3 |
Northrop Grumman
NOC
|
+$39.6M |
| 4 |
Pfizer
PFE
|
+$37.2M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.8M |
| 2 |
Cigna
CI
|
+$42M |
| 3 |
Altria Group
MO
|
+$28.5M |
| 4 |
Philip Morris
PM
|
+$28.3M |
| 5 |
Parker-Hannifin
PH
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Industrials | 18.96% |
| 3 | Consumer Discretionary | 15.28% |
| 4 | Healthcare | 13.64% |
| 5 | Consumer Staples | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
APA Corp
APA
$15.2B
| $486K | 0.01% |
+14,029
| New | +$457K |
|
|
PVG
852
DELISTED
PRETIUM RESOURCES INC.
PVG
| $486K | 0.01% |
56,810
+8,170
| +17% | +$65K |
|
853
Weyerhaeuser
WY
$17.6B
| $484K | 0.01% |
18,374
-210,367
| -92% | -$5.3M |
|
854
TechnipFMC
FTI
$30.4B
| $483K | 0.01% |
27,611
-383,426
| -93% | -$6.48M |
|
855
BCE
BCE
$22.1B
| $482K | 0.01% |
10,864
-1,875
| -15% | -$80.9K |
|
856
Malibu Boats
MBUU
$579M
| $482K | 0.01% |
12,175
-18,019
| -60% | -$745K |
|
857
Coherent
COHR
$56.7B
| $480K | 0.01% |
+12,899
| New | +$477K |
|
858
Garrett Motion
GTX
$4.96B
| $480K | 0.01% |
32,596
-28,574
| -47% | -$431K |
|
859
Sarepta Therapeutics
SRPT
$1.98B
| $479K | 0.01% |
4,019
-319
| -7% | -$41K |
|
860
FirstEnergy
FE
$26.6B
| $478K | 0.01% |
11,486
-22,818
| -67% | -$907K |
|
861
American States Water
AWR
$3.51B
| $474K | 0.01% |
6,648
+1,586
| +31% | +$109K |
|
862
Huntington Bancshares
HBAN
$34.4B
| $474K | 0.01% |
+37,366
| New | +$502K |
|
863
Principal Financial Group
PFG
$23.7B
| $474K | 0.01% |
9,435
+4,401
| +87% | +$218K |
|
864
Littelfuse
LFUS
$10.5B
| $472K | 0.01% |
2,584
-15,673
| -86% | -$2.89M |
|
865
Acco Brands
ACCO
$391M
| $471K | 0.01% |
+55,039
| New | +$481K |
|
866
Healthpeak Properties
DOC
$14.8B
| $470K | 0.01% |
+15,005
| New | +$457K |
|
867
Host Hotels & Resorts
HST
$15.9B
| $467K | 0.01% |
+24,717
| New | +$456K |
|
868
Arista Networks
ANET
$238B
| $466K | 0.01% |
23,712
-169,440
| -88% | -$2.69M |
|
869
Advanced Micro Devices
AMD
$773B
| $462K | 0.01% |
18,095
-31,971
| -64% | -$726K |
|
870
Darden Restaurants
DRI
$25.2B
| $462K | 0.01% |
+3,800
| New | +$417K |
|
871
Leidos
LDOS
$17.7B
| $461K | 0.01% |
7,196
-257,834
| -97% | -$15.6M |
|
872
Adeia
ADEA
$2.89B
| $460K | 0.01% |
+74,281
| New | +$437K |
|
873
NewMarket
NEU
$8.62B
| $458K | 0.01% |
+1,056
| New | +$446K |
|
|
KAMN
874
DELISTED
Kaman Corp
KAMN
| $458K | 0.01% |
7,843
-27,220
| -78% | -$1.6M |
|
|
CCMP
875
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $458K | 0.01% |
4,095
-19,289
| -82% | -$2M |
|
Similar funds
Joel Greenblatt's Q1 2019 Portfolio in Review
As of Q1 2019, Joel Greenblatt held 1,284 positions worth $6.83B, up 6.1% from $6.44B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $437M in Q1 2019, closing 124 positions and reducing 485 holdings. Its most notable exit was Cigna, an estimated $42M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in General Dynamics worth $58.2M.
- Joel Greenblatt's largest Q1 2019 buy was General Dynamics: 343,980 shares worth $58.2M.
- Joel Greenblatt added most to Wells Fargo in Q1 2019, an estimated $39.8M increase.
- Joel Greenblatt's biggest Q1 2019 reduction was RTX Corp, cutting an estimated $59.8M.
- Joel Greenblatt fully exited Cigna in Q1 2019, selling an estimated $42M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.83B portfolio in Q1 2019.
- Joel Greenblatt opened 319 new positions and closed 124 in Q1 2019.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $6.83B.
Based on Gotham Asset Management's 13F filing for Q1 2019, filed 15 May 2019.