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 |
OA
Orbital ATK, Inc.
OA
|
+$86.4M |
| 2 |
Terex
TEX
|
+$71M |
| 3 |
Teradyne
TER
|
+$66.2M |
| 4 |
Intel
INTC
|
+$62.7M |
| 5 |
Goodyear
GT
|
+$62.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$74.5M |
| 2 |
TEN
Tenneco Inc. Class A Voting Common Stock
TEN
|
+$60.1M |
| 3 |
Verizon
VZ
|
+$59.7M |
| 4 |
Aecom
ACM
|
+$58.4M |
| 5 |
IRF
INTL RECTIFIER CORP
IRF
|
+$58.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.76% |
| 2 | Technology | 20.33% |
| 3 | Consumer Discretionary | 18.91% |
| 4 | Consumer Staples | 11.65% |
| 5 | Healthcare | 11.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSGS
926
DELISTED
CSG Systems International
CSGS
| – | – |
-11,770
| Closed | -$295K |
|
|
CVGW
927
DELISTED
Calavo Growers
CVGW
| – | – |
-20,517
| Closed | -$970K |
|
928
California Water Service
CWT
$3.06B
| – | – |
-15,563
| Closed | -$383K |
|
929
Daktronics
DAKT
$927M
| – | – |
-22,507
| Closed | -$282K |
|
930
Walt Disney
DIS
$186B
| – | – |
-11,536
| Closed | -$1.09M |
|
931
DaVita
DVA
$11.1B
| – | – |
-352,562
| Closed | -$26.7M |
|
932
DexCom
DXCM
$34.8B
| – | – |
-39,660
| Closed | -$546K |
|
933
Encompass Health
EHC
$11.9B
| – | – |
-271,065
| Closed | -$8.29M |
|
934
Eastman Chemical
EMN
$8.47B
| – | – |
-202,750
| Closed | -$15.4M |
|
935
The Ensign Group
ENSG
$10.5B
| – | – |
-21,200
| Closed | -$440K |
|
936
Ericsson
ERIC
$33.5B
| – | – |
-11,592
| Closed | -$140K |
|
937
Expedia Group
EXPE
$38.6B
| – | – |
-17,742
| Closed | -$1.51M |
|
938
Fair Isaac
FICO
$25.3B
| – | – |
-173,373
| Closed | -$12.5M |
|
939
FMC
FMC
$1.38B
| – | – |
-48,060
| Closed | -$2.38M |
|
940
Fox Factory Holding Corp
FOXF
$918M
| – | – |
-13,571
| Closed | -$220K |
|
941
Fortuna Silver Mines
FSM
$3.57B
| – | – |
-25,290
| Closed | -$115K |
|
942
Foster
FSTR
$401M
| – | – |
-6,071
| Closed | -$295K |
|
943
Green Dot
GDOT
$766M
| – | – |
-49,177
| Closed | -$1.01M |
|
944
General Mills
GIS
$21.4B
| – | – |
-34,117
| Closed | -$1.82M |
|
945
Group 1 Automotive
GPI
$3.12B
| – | – |
-226,285
| Closed | -$20.3M |
|
946
GoPro
GPRO
$116M
| – | – |
-19,622
| Closed | -$1.24M |
|
947
FerroAtlántica
GSM
$762M
| – | – |
-36,317
| Closed | -$626K |
|
948
Guidewire Software
GWRE
$15.8B
| – | – |
-71,561
| Closed | -$3.62M |
|
949
HEICO Corp
HEI
$49.6B
| – | – |
-13,513
| Closed | -$334K |
|
950
Harte-Hanks
HHS
$27.4M
| – | – |
-1,824
| Closed | -$141K |
|
Similar funds
Joel Greenblatt's Q1 2015 Portfolio in Review
As of Q1 2015, Joel Greenblatt held 1,136 positions worth $13.1B, up 6.1% from $12.4B the previous quarter. Its ten largest holdings account for 7% of the portfolio.
Joel Greenblatt deployed $613M of net new capital in Q1 2015, opening 200 new positions and adding to 308 existing holdings. Its largest new stake was Orbital ATK, Inc.: 913,810 shares worth $70M.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ManpowerGroup, an estimated $74.5M trimmed.
- Joel Greenblatt's largest Q1 2015 buy was Orbital ATK, Inc.: 913,810 shares worth $70M.
- Joel Greenblatt added most to Terex in Q1 2015, an estimated $71M increase.
- Joel Greenblatt's biggest Q1 2015 reduction was ManpowerGroup, cutting an estimated $74.5M.
- Joel Greenblatt fully exited Aecom in Q1 2015, selling an estimated $58.4M.
- Joel Greenblatt's ten largest holdings make up 7% of its $13.1B portfolio in Q1 2015.
- Joel Greenblatt opened 200 new positions and closed 244 in Q1 2015.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $13.1B.
Based on Gotham Asset Management's 13F filing for Q1 2015, filed 15 May 2015.