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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$82.2M |
| 2 |
Conagra Brands
CAG
|
+$63.5M |
| 3 |
Intuit
INTU
|
+$53.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$51.9M |
| 5 |
CVS Health
CVS
|
+$43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$40.5M |
| 2 |
Merck
MRK
|
+$39.5M |
| 3 |
DD
Du Pont De Nemours E I
DD
|
+$38.8M |
| 4 |
Viatris
VTRS
|
+$38.8M |
| 5 |
DaVita
DVA
|
+$37.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Industrials | 19.34% |
| 3 | Healthcare | 18.39% |
| 4 | Consumer Discretionary | 16.87% |
| 5 | Consumer Staples | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Corcept Therapeutics
CORT
$13.2B
| $82K | ﹤0.01% |
+15,024
| New | +$78.2K |
|
|
MITL
927
DELISTED
Mitel Networks Corporation
MITL
| $71K | ﹤0.01% |
+11,262
| New | +$76.9K |
|
|
STB
928
DELISTED
Student Transportation Inc
STB
| $54K | ﹤0.01% |
+10,563
| New | +$52.1K |
|
|
DNR
929
DELISTED
Denbury Resources, Inc.
DNR
| $53K | ﹤0.01% |
+14,758
| New | +$55.5K |
|
930
Clean Energy Fuels
CLNE
$357M
| $45K | ﹤0.01% |
+12,931
| New | +$40.9K |
|
|
NETI
931
DELISTED
Eneti Inc.
NETI
| $28K | ﹤0.01% |
+1,093
| New | +$36.2K |
|
|
ATHX
932
DELISTED
Athersys, Inc. Common Stock
ATHX
| $22K | ﹤0.01% |
+412
| New | +$23.3K |
|
|
XOMA
933
DELISTED
Xoma
XOMA
| $7K | ﹤0.01% |
+675
| New | +$9.68K |
|
934
Essex Property Trust
ESS
$18.6B
| $5K | ﹤0.01% |
+21,265
| New | +$4.75M |
|
935
American Airlines Group
AAL
$9.15B
| – | – |
-99,682
| Closed | -$4.09M |
|
936
Advance Auto Parts
AAP
$2.57B
| – | – |
-81,266
| Closed | -$13M |
|
937
ACI Worldwide
ACIW
$5.24B
| – | – |
-73,861
| Closed | -$1.54M |
|
938
Axcelis
ACLS
$3.92B
| – | – |
-3,079
| Closed | -$34K |
|
939
Archer Daniels Midland
ADM
$38.7B
| – | – |
-613,862
| Closed | -$22.3M |
|
940
Albany International
AIN
$1.68B
| – | – |
-12,933
| Closed | -$486K |
|
941
Alamo Group
ALG
$2B
| – | – |
-11,777
| Closed | -$656K |
|
942
Ambarella
AMBA
$3.23B
| – | – |
-113,353
| Closed | -$5.07M |
|
943
Aptiv
APTV
$10B
| – | – |
-97,211
| Closed | -$7.29M |
|
944
Aramark
ARMK
$15.8B
| – | – |
-8,680
| Closed | -$208K |
|
945
Astronics
ATRO
$3.35B
| – | – |
-44,968
| Closed | -$1.08M |
|
946
Avient
AVNT
$4.1B
| – | – |
-188,587
| Closed | -$5.71M |
|
947
Avery Dennison
AVY
$13.9B
| – | – |
-3,200
| Closed | -$231K |
|
948
Ball Corp
BALL
$16.8B
| – | – |
-8,624
| Closed | -$307K |
|
949
Brunswick
BC
$5.24B
| – | – |
-291,056
| Closed | -$14M |
|
950
Boise Cascade
BCC
$2.88B
| – | – |
-54,692
| Closed | -$1.13M |
|
Similar funds
Joel Greenblatt's Q2 2016 Portfolio in Review
As of Q2 2016, Joel Greenblatt held 1,194 positions worth $8.34B, down 6.5% from $8.92B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $527M in Q2 2016, closing 260 positions and reducing 357 holdings. Its most notable exit was Viatris, an estimated $38.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Twenty-First Century Fox, Inc. Class A worth $76.3M.
- Joel Greenblatt's largest Q2 2016 buy was Twenty-First Century Fox, Inc. Class A: 2,822,168 shares worth $76.3M.
- Joel Greenblatt added most to Paramount Global Class B in Q2 2016, an estimated $51.9M increase.
- Joel Greenblatt's biggest Q2 2016 reduction was Texas Instruments, cutting an estimated $40.5M.
- Joel Greenblatt fully exited Viatris in Q2 2016, selling an estimated $38.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $8.34B portfolio in Q2 2016.
- Joel Greenblatt opened 244 new positions and closed 260 in Q2 2016.
- Joel Greenblatt's portfolio value fell 6.5% quarter-over-quarter to $8.34B.
Based on Gotham Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.