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 | |
|---|---|---|---|---|---|---|
901
American Electric Power
AEP
$65.8B
| – | – |
-7,468
| Closed | -$519K |
|
902
AGCO
AGCO
$7.48B
| – | – |
-42,604
| Closed | -$2.87M |
|
903
Albemarle
ALB
$16.9B
| – | – |
-55,377
| Closed | -$5.84M |
|
904
Alamo Group
ALG
$2B
| – | – |
-7,404
| Closed | -$672K |
|
905
Ally Financial
ALLY
$13.1B
| – | – |
-11,062
| Closed | -$231K |
|
906
Alto Ingredients
ALTO
$340M
| – | – |
-11,240
| Closed | -$70K |
|
907
Amkor Technology
AMKR
$12.5B
| – | – |
-674,787
| Closed | -$6.59M |
|
908
Angi Inc
ANGI
$200M
| – | – |
-4,010
| Closed | -$513K |
|
909
APA Corp
APA
$15.2B
| – | – |
-51,234
| Closed | -$2.46M |
|
910
Aramark
ARMK
$15.8B
| – | – |
-78,944
| Closed | -$2.34M |
|
|
AVB
911
DELISTED
AvalonBay Communities
AVB
| – | – |
-2,385
| Closed | -$458K |
|
|
DCH
912
Dauch Corp
DCH
$1.63B
| – | – |
-161,320
| Closed | -$2.52M |
|
913
AXT Inc
AXTI
$4.64B
| – | – |
-23,601
| Closed | -$150K |
|
914
AZZ Inc
AZZ
$4.25B
| – | – |
-8,811
| Closed | -$492K |
|
915
Booz Allen Hamilton
BAH
$9.27B
| – | – |
-86,033
| Closed | -$2.8M |
|
916
Brink's
BCO
$4.59B
| – | – |
-25,809
| Closed | -$1.73M |
|
|
BGFV
917
DELISTED
Big 5 Sporting Goods
BGFV
| – | – |
-21,970
| Closed | -$287K |
|
918
Barnes & Noble Education
BNED
$418M
| – | – |
-151
| Closed | -$161K |
|
919
Boot Barn
BOOT
$5.01B
| – | – |
-11,398
| Closed | -$81K |
|
920
Bruker
BRKR
$9.07B
| – | – |
-77,652
| Closed | -$2.24M |
|
921
Burlington
BURL
$20.6B
| – | – |
-41,134
| Closed | -$3.78M |
|
922
Cabot Corp
CBT
$4.4B
| – | – |
-5,603
| Closed | -$299K |
|
923
Ceco Environmental
CECO
$4.19B
| – | – |
-10,968
| Closed | -$101K |
|
924
C.H. Robinson
CHRW
$16.5B
| – | – |
-219,950
| Closed | -$15.1M |
|
925
CEMIG Preferred Shares
CIG
$5.49B
| – | – |
-153,313
| Closed | -$188K |
|
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.