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 |
Booking.com
BKNG
|
+$52.8M |
| 2 |
Abbott
ABT
|
+$46.5M |
| 3 |
Eaton
ETN
|
+$45.4M |
| 4 |
Tyson Foods
TSN
|
+$42.1M |
| 5 |
COL
Rockwell Collins
COL
|
+$41.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$49.3M |
| 2 |
Lockheed Martin
LMT
|
+$35.8M |
| 3 |
IBM
IBM
|
+$34.9M |
| 4 |
Walt Disney
DIS
|
+$33.6M |
| 5 |
FedEx
FDX
|
+$33.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.82% |
| 2 | Technology | 18.24% |
| 3 | Consumer Discretionary | 17.28% |
| 4 | Healthcare | 15.21% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Alnylam Pharmaceuticals
ALNY
$31.6B
| – | – |
-2,499
| Closed | -$294K |
|
927
Autoliv
ALV
$9.18B
| – | – |
-4,382
| Closed | -$390K |
|
|
AMWD
928
DELISTED
American Woodmark
AMWD
| – | – |
-20,952
| Closed | -$2.02M |
|
929
Accuray
ARAY
$33.6M
| – | – |
-12,282
| Closed | -$49K |
|
930
Atkore
ATKR
$3.16B
| – | – |
-45,888
| Closed | -$895K |
|
931
AptarGroup
ATR
$8.57B
| – | – |
-3,558
| Closed | -$307K |
|
932
Avnet
AVT
$7.27B
| – | – |
-341,039
| Closed | -$13.4M |
|
933
Bath & Body Works
BBWI
$3.92B
| – | – |
-217,620
| Closed | -$7.32M |
|
|
BLDP
934
Ballard Power Systems
BLDP
$724M
| – | – |
-24,540
| Closed | -$115K |
|
935
Badger Meter
BMI
$3.82B
| – | – |
-15,320
| Closed | -$751K |
|
936
BioMarin Pharmaceuticals
BMRN
$12.9B
| – | – |
-3,590
| Closed | -$334K |
|
937
Broadridge
BR
$20.8B
| – | – |
-134,668
| Closed | -$10.9M |
|
938
CAE Inc
CAE
$8.02B
| – | – |
-11,697
| Closed | -$205K |
|
939
Cheesecake Factory
CAKE
$5.64B
| – | – |
-268,298
| Closed | -$11.3M |
|
940
Caleres
CAL
$457M
| – | – |
-11,024
| Closed | -$336K |
|
941
Camtek
CAMT
$6.85B
| – | – |
-13,944
| Closed | -$71K |
|
942
Chubb
CB
$132B
| – | – |
-3,753
| Closed | -$535K |
|
943
Cboe Global Markets
CBOE
$31.4B
| – | – |
-3,786
| Closed | -$407K |
|
944
CDW
CDW
$17.2B
| – | – |
-11,123
| Closed | -$734K |
|
945
Church & Dwight Co
CHD
$23.4B
| – | – |
-106,839
| Closed | -$5.18M |
|
946
Chemed
CHE
$7.07B
| – | – |
-18,034
| Closed | -$3.64M |
|
947
Charter Communications
CHTR
$17.9B
| – | – |
-3,796
| Closed | -$1.38M |
|
948
Chipotle Mexican Grill
CMG
$46.7B
| – | – |
-196,350
| Closed | -$1.21M |
|
949
CMS Energy
CMS
$21.4B
| – | – |
-24,760
| Closed | -$1.15M |
|
950
Cinemark Holdings
CNK
$4.24B
| – | – |
-47,272
| Closed | -$1.71M |
|
Similar funds
Joel Greenblatt's Q4 2017 Portfolio in Review
As of Q4 2017, Joel Greenblatt held 1,145 positions worth $6.89B, up 1.1% from $6.81B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $293M in Q4 2017, closing 226 positions and reducing 374 holdings. Its most notable exit was IBM, an estimated $34.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Eaton worth $46.2M.
- Joel Greenblatt's largest Q4 2017 buy was Eaton: 584,166 shares worth $46.2M.
- Joel Greenblatt added most to Booking.com in Q4 2017, an estimated $52.8M increase.
- Joel Greenblatt's biggest Q4 2017 reduction was Intuit, cutting an estimated $49.3M.
- Joel Greenblatt fully exited IBM in Q4 2017, selling an estimated $34.9M.
- Joel Greenblatt's ten largest holdings make up 9% of its $6.89B portfolio in Q4 2017.
- Joel Greenblatt opened 248 new positions and closed 226 in Q4 2017.
- Joel Greenblatt's portfolio value rose 1.1% quarter-over-quarter to $6.89B.
Based on Gotham Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.