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 | |
|---|---|---|---|---|---|---|
901
Cytokinetics
CYTK
$10.7B
| $204K | ﹤0.01% |
16,860
-33,047
| -66% | -$459K |
|
902
Radian Group
RDN
$4.84B
| $204K | ﹤0.01% |
+12,480
| New | +$214K |
|
|
ESL
903
DELISTED
Esterline Technologies
ESL
| $204K | ﹤0.01% |
2,154
-11,260
| -84% | -$1.05M |
|
904
Onto Innovation
ONTO
$17.9B
| $203K | ﹤0.01% |
8,021
-29,133
| -78% | -$822K |
|
905
NRG Energy
NRG
$23.8B
| $202K | ﹤0.01% |
11,748
-33,257
| -74% | -$558K |
|
|
BGC
906
DELISTED
General Cable Corporation
BGC
| $202K | ﹤0.01% |
12,345
-260,845
| -95% | -$4.41M |
|
907
Graco
GGG
$13.1B
| $200K | ﹤0.01% |
5,499
-5,652
| -51% | -$200K |
|
908
CEMIG Preferred Shares
CIG
$5.49B
| $188K | ﹤0.01% |
153,313
+122,185
| +393% | +$162K |
|
|
ISBC
909
DELISTED
Investors Bancorp, Inc.
ISBC
| $178K | ﹤0.01% |
13,305
+1,941
| +17% | +$26.6K |
|
|
HDP
910
DELISTED
Hortonworks, Inc.
HDP
| $170K | ﹤0.01% |
+13,167
| New | +$158K |
|
911
Kinross Gold
KGC
$38.9B
| $169K | ﹤0.01% |
41,487
+14,398
| +53% | +$57.3K |
|
912
American Eagle Outfitters
AEO
$2.71B
| $165K | ﹤0.01% |
13,728
-845,420
| -98% | -$10.6M |
|
|
CPN
913
DELISTED
Calpine Corporation
CPN
| $162K | ﹤0.01% |
+11,994
| New | +$144K |
|
914
Barnes & Noble Education
BNED
$418M
| $161K | ﹤0.01% |
151
-4
| -3% | -$4.01K |
|
915
AXT Inc
AXTI
$4.64B
| $150K | ﹤0.01% |
23,601
+6,182
| +35% | +$40.4K |
|
916
Teekay Tankers
TNK
$3.16B
| $148K | ﹤0.01% |
9,842
-8,113
| -45% | -$126K |
|
|
EXPR
917
DELISTED
Express, Inc.
EXPR
| $148K | ﹤0.01% |
+1,097
| New | +$170K |
|
|
WLL
918
DELISTED
Whiting Petroleum Corporation
WLL
| $147K | ﹤0.01% |
89
+43
| +93% | +$98.2K |
|
919
Smart Sand
SND
$206M
| $142K | ﹤0.01% |
15,955
-13,336
| -46% | -$151K |
|
920
FormFactor
FORM
$8.92B
| $140K | ﹤0.01% |
+11,316
| New | +$146K |
|
921
Adecoagro
AGRO
$1.6B
| $127K | ﹤0.01% |
+12,742
| New | +$139K |
|
|
HDSN
922
Hudson Technologies
HDSN
$237M
| $126K | ﹤0.01% |
14,956
+2,994
| +25% | +$22.9K |
|
|
CHK
923
DELISTED
Chesapeake Energy Corporation
CHK
| $126K | ﹤0.01% |
+126
| New | +$135K |
|
924
Entravision Communication
EVC
$745M
| $125K | ﹤0.01% |
18,896
-6,558
| -26% | -$39.7K |
|
925
Sportsman's Warehouse
SPWH
$44.9M
| $114K | ﹤0.01% |
+21,108
| New | +$106K |
|
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.