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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Signet Jewelers
SIG
$3.16B
| $784K | 0.02% |
10,920
-3,603
| -25% | -$267K |
|
852
Enovis
ENOV
$1.5B
| $784K | 0.02% |
14,867
-11,184
| -43% | -$652K |
|
853
Jefferies Financial Group
JEF
$12.1B
| $780K | 0.02% |
21,301
| – | – |
|
|
NXGN
854
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $779K | 0.02% |
32,809
-756
| -2% | -$14.2K |
|
855
Cameco
CCJ
$44.6B
| $777K | 0.02% |
19,596
-754
| -4% | -$26.7K |
|
856
Unum
UNM
$13.9B
| $775K | 0.02% |
15,762
+1,067
| +7% | +$52.2K |
|
857
QuantumScape Corp
QS
$3.68B
| $775K | 0.02% |
115,893
+48,684
| +72% | +$396K |
|
|
EB
858
DELISTED
Eventbrite
EB
| $775K | 0.02% |
78,562
+32,905
| +72% | +$337K |
|
859
Wells Fargo
WFC
$254B
| $774K | 0.02% |
18,952
-6,096
| -24% | -$263K |
|
860
Everest Group
EG
$14.2B
| $772K | 0.02% |
+2,077
| New | +$754K |
|
861
CACI
CACI
$14.3B
| $771K | 0.02% |
2,457
+740
| +43% | +$247K |
|
862
Magnolia Oil & Gas
MGY
$6.67B
| $769K | 0.02% |
33,572
+7,306
| +28% | +$163K |
|
863
Louisiana-Pacific
LPX
$5.12B
| $768K | 0.02% |
13,891
-9,608
| -41% | -$631K |
|
864
Las Vegas Sands
LVS
$30.5B
| $763K | 0.02% |
16,654
+10,552
| +173% | +$570K |
|
865
Fortis
FTS
$28B
| $753K | 0.02% |
19,808
+13,445
| +211% | +$549K |
|
866
OSI Systems
OSIS
$3.41B
| $752K | 0.02% |
6,370
+2,317
| +57% | +$279K |
|
867
FLEX LNG
FLNG
$1.73B
| $750K | 0.02% |
24,883
-14,984
| -38% | -$463K |
|
868
Ball Corp
BALL
$16.8B
| $741K | 0.02% |
14,878
+1,422
| +11% | +$77.6K |
|
869
Public Storage
PSA
$60.2B
| $731K | 0.02% |
2,773
+1,667
| +151% | +$467K |
|
870
Markel Group
MKL
$22.2B
| $729K | 0.02% |
+495
| New | +$725K |
|
871
Repligen
RGEN
$10.2B
| $728K | 0.02% |
4,578
-11,976
| -72% | -$1.96M |
|
872
Alpha Metallurgical Resources
AMR
$2.66B
| $726K | 0.02% |
2,794
-9,879
| -78% | -$1.93M |
|
873
AMN Healthcare
AMN
$1.33B
| $726K | 0.02% |
8,519
-202
| -2% | -$19.2K |
|
874
Avantor
AVTR
$9.78B
| $719K | 0.01% |
34,096
-145,767
| -81% | -$3.1M |
|
875
ESAB
ESAB
$5.06B
| $713K | 0.01% |
10,151
+1,941
| +24% | +$135K |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.