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 |
Gotham 1000 Value ETF
GVLU
|
+$52.9M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$45.1M |
| 3 |
Vanguard Total Bond Market
BND
|
+$18.9M |
| 4 |
DuPont de Nemours
DD
|
+$14M |
| 5 |
GE HealthCare
GEHC
|
+$8.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$18.4M |
| 2 |
Accenture
ACN
|
+$12.7M |
| 3 |
Qualcomm
QCOM
|
+$11.3M |
| 4 |
Humana
HUM
|
+$10.1M |
| 5 |
Salesforce
CRM
|
+$8.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.92% |
| 2 | Industrials | 12.01% |
| 3 | Consumer Discretionary | 10.47% |
| 4 | Healthcare | 10.35% |
| 5 | Financials | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Simpson Manufacturing
SSD
$7.74B
| $586K | 0.01% |
5,342
+2,163
| +68% | +$227K |
|
902
Delta Air Lines
DAL
$54.2B
| $585K | 0.01% |
16,759
-17,116
| -51% | -$635K |
|
|
TXNM
903
TXNM Energy Inc
TXNM
$5.9B
| $584K | 0.01% |
12,000
+3,569
| +42% | +$175K |
|
904
Bank of Montreal
BMO
$122B
| $580K | 0.01% |
+6,512
| New | +$618K |
|
|
EDR
905
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $580K | 0.01% |
24,249
-5,975
| -20% | -$133K |
|
906
Cenovus Energy
CVE
$60.7B
| $580K | 0.01% |
33,196
-33,301
| -50% | -$611K |
|
|
WBS
907
DELISTED
Webster Financial
WBS
| $575K | 0.01% |
14,599
-2,162
| -13% | -$104K |
|
908
Magnolia Oil & Gas
MGY
$6.67B
| $575K | 0.01% |
26,266
-2,079
| -7% | -$46.1K |
|
909
Workday
WDAY
$49.4B
| $574K | 0.01% |
2,778
-6,278
| -69% | -$1.14M |
|
910
Vertiv
VRT
$101B
| $574K | 0.01% |
40,092
+9,627
| +32% | +$141K |
|
|
ARNC
911
DELISTED
Arconic Corporation
ARNC
| $572K | 0.01% |
+21,800
| New | +$536K |
|
912
KeyCorp
KEY
$23.3B
| $571K | 0.01% |
45,594
+12,806
| +39% | +$216K |
|
913
CONMED
CNMD
$1.53B
| $571K | 0.01% |
5,495
-244
| -4% | -$23.6K |
|
914
A10 Networks
ATEN
$1.9B
| $571K | 0.01% |
36,835
+221
| +0.6% | +$3.37K |
|
915
Vir Biotechnology
VIR
$1.65B
| $569K | 0.01% |
24,453
-23,257
| -49% | -$595K |
|
916
Cummins
CMI
$80.9B
| $568K | 0.01% |
2,378
-2,906
| -55% | -$710K |
|
917
Elastic
ESTC
$8.93B
| $567K | 0.01% |
+9,797
| New | +$558K |
|
918
Coherent
COHR
$56.7B
| $566K | 0.01% |
14,870
-59
| -0.4% | -$2.4K |
|
919
Citizens Financial Group
CFG
$29.4B
| $566K | 0.01% |
18,622
+6,152
| +49% | +$241K |
|
920
Applied Industrial Technologies
AIT
$12.5B
| $563K | 0.01% |
+3,964
| New | +$538K |
|
921
Sunstone Hotel Investors
SHO
$2.1B
| $563K | 0.01% |
56,980
+19,948
| +54% | +$202K |
|
922
Arcosa
ACA
$7.12B
| $562K | 0.01% |
8,903
+1,141
| +15% | +$67K |
|
923
L3Harris
LHX
$49.7B
| $561K | 0.01% |
2,858
-2,902
| -50% | -$593K |
|
924
nCino
NCNO
$2.26B
| $561K | 0.01% |
+22,632
| New | +$597K |
|
925
Knight Transportation
KNX
$11.7B
| $560K | 0.01% |
9,901
-5,569
| -36% | -$319K |
|
Similar funds
Joel Greenblatt's Q1 2023 Portfolio in Review
As of Q1 2023, Joel Greenblatt held 1,425 positions worth $4.13B, up 16% from $3.55B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $368M of net new capital in Q1 2023, opening 223 new positions and adding to 632 existing holdings. Its largest new stake was Vanguard Total Bond Market: 258,650 shares worth $19.1M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was PayPal, an estimated $18.4M trimmed.
- Joel Greenblatt's largest Q1 2023 buy was Vanguard Total Bond Market: 258,650 shares worth $19.1M.
- Joel Greenblatt added most to Gotham 1000 Value ETF in Q1 2023, an estimated $52.9M increase.
- Joel Greenblatt's biggest Q1 2023 reduction was PayPal, cutting an estimated $18.4M.
- Joel Greenblatt fully exited Air Products & Chemicals in Q1 2023, selling an estimated $5.27M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.13B portfolio in Q1 2023.
- Joel Greenblatt opened 223 new positions and closed 116 in Q1 2023.
- Joel Greenblatt's portfolio value rose 16% quarter-over-quarter to $4.13B.
Based on Gotham Asset Management's 13F filing for Q1 2023, filed 15 May 2023.