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 |
Capri Holdings
CPRI
|
+$95M |
| 2 |
Textron
TXT
|
+$70.7M |
| 3 |
Motorola Solutions
MSI
|
+$68.3M |
| 4 |
Hormel Foods
HRL
|
+$65.5M |
| 5 |
CA
CA, Inc.
CA
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pentair
PNR
|
+$84.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$83.8M |
| 3 |
Emerson Electric
EMR
|
+$83.3M |
| 4 |
Flowserve
FLS
|
+$81.7M |
| 5 |
Terex
TEX
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.69% |
| 2 | Technology | 20.85% |
| 3 | Consumer Discretionary | 19.35% |
| 4 | Healthcare | 12.34% |
| 5 | Consumer Staples | 11.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRWN
901
DELISTED
CROWN MEDIA HOLDINGS INC CL-A
CRWN
| $76K | ﹤0.01% |
+16,763
| New | +$68.7K |
|
|
MTSN
902
DELISTED
MATTSON TECHNOLOGY INC
MTSN
| $55K | ﹤0.01% |
+16,504
| New | +$60.7K |
|
|
JE
903
DELISTED
Just Energy Group Inc
JE
| $53K | ﹤0.01% |
+306
| New | +$53K |
|
|
IO
904
DELISTED
ION Geophysical Corporation
IO
| $45K | ﹤0.01% |
2,821
-1,523
| -35% | -$40.8K |
|
|
LSG
905
DELISTED
LAKE SHORE GOLD CORP
LSG
| $36K | ﹤0.01% |
34,574
-3,171
| -8% | -$3.11K |
|
906
Frontline
FRO
$9.72B
| $29K | ﹤0.01% |
2,362
-371
| -14% | -$4.95K |
|
907
Denison Mines
DNN
$3.17B
| $25K | ﹤0.01% |
+33,990
| New | +$28.7K |
|
|
CMLS
908
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $22K | ﹤0.01% |
1,370
-31,128
| -96% | -$581K |
|
909
Adobe
ADBE
$109B
| – | – |
-15,790
| Closed | -$1.17M |
|
910
Argan
AGX
$7.03B
| – | – |
-15,859
| Closed | -$574K |
|
911
Albemarle
ALB
$16.9B
| – | – |
-249,579
| Closed | -$13.2M |
|
912
Ambarella
AMBA
$3.23B
| – | – |
-13,619
| Closed | -$1.03M |
|
913
Advanced Micro Devices
AMD
$773B
| – | – |
-3,310,087
| Closed | -$8.87M |
|
914
Ameresco
AMRC
$1.13B
| – | – |
-11,316
| Closed | -$84K |
|
915
American Tower
AMT
$81.9B
| – | – |
-20,722
| Closed | -$1.95M |
|
916
Arista Networks
ANET
$238B
| – | – |
-1,787,040
| Closed | -$7.88M |
|
917
AeroVironment
AVAV
$8.14B
| – | – |
-21,291
| Closed | -$564K |
|
|
AXDX
918
DELISTED
Accelerate Diagnostics
AXDX
| – | – |
-1,094
| Closed | -$246K |
|
919
Baxter International
BAX
$13.6B
| – | – |
-450,923
| Closed | -$16.8M |
|
920
Brunswick
BC
$5.24B
| – | – |
-223,661
| Closed | -$11.5M |
|
921
Brink's
BCO
$4.59B
| – | – |
-13,817
| Closed | -$382K |
|
922
Belden
BDC
$4.79B
| – | – |
-5,984
| Closed | -$560K |
|
923
Benchmark Electronics
BHE
$2.61B
| – | – |
-346,113
| Closed | -$8.32M |
|
924
BJ's Restaurants
BJRI
$1.42B
| – | – |
-21,578
| Closed | -$1.09M |
|
925
Booking.com
BKNG
$158B
| – | – |
-72,850
| Closed | -$3.39M |
|
Similar funds
Joel Greenblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Joel Greenblatt held 1,149 positions worth $12B, down 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Joel Greenblatt withdrew a net $800M in Q2 2015, closing 241 positions and reducing 357 holdings. Its most notable exit was Pentair, an estimated $84.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Textron worth $69.5M.
- Joel Greenblatt's largest Q2 2015 buy was Textron: 1,556,135 shares worth $69.5M.
- Joel Greenblatt added most to Capri Holdings in Q2 2015, an estimated $95M increase.
- Joel Greenblatt's biggest Q2 2015 reduction was Emerson Electric, cutting an estimated $83.3M.
- Joel Greenblatt fully exited Pentair in Q2 2015, selling an estimated $84.3M.
- Joel Greenblatt's ten largest holdings make up 7.7% of its $12B portfolio in Q2 2015.
- Joel Greenblatt opened 257 new positions and closed 241 in Q2 2015.
- Joel Greenblatt's portfolio value fell 8.8% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q2 2015, filed 14 Aug 2015.