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 |
Intuit
INTU
|
+$45.1M |
| 2 |
Cisco
CSCO
|
+$38.8M |
| 3 |
Oracle
ORCL
|
+$37M |
| 4 |
DuPont de Nemours
DD
|
+$36.5M |
| 5 |
Eli Lilly
LLY
|
+$30.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$61.2M |
| 2 |
Wells Fargo
WFC
|
+$52.2M |
| 3 |
Amazon
AMZN
|
+$49.5M |
| 4 |
Chemours
CC
|
+$49.3M |
| 5 |
Pfizer
PFE
|
+$44.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.09% |
| 2 | Industrials | 17.32% |
| 3 | Healthcare | 15.49% |
| 4 | Consumer Discretionary | 13.3% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Stride
LRN
$3.51B
| $328K | 0.01% |
10,798
+1,218
| +13% | +$39.2K |
|
|
CADE
927
DELISTED
Cadence Bancorporation
CADE
| $328K | 0.01% |
+15,762
| New | +$324K |
|
928
LGI Homes
LGIH
$1.35B
| $327K | 0.01% |
4,575
| – | – |
|
929
Tractor Supply
TSCO
$18.2B
| $327K | 0.01% |
15,025
-486,515
| -97% | -$10.1M |
|
930
Western Alliance Bancorporation
WAL
$8.69B
| $325K | 0.01% |
+7,257
| New | +$324K |
|
|
NPKI
931
NPK International
NPKI
$1.16B
| $325K | 0.01% |
43,823
-2,252
| -5% | -$17.4K |
|
|
FBM
932
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $325K | 0.01% |
+18,274
| New | +$263K |
|
933
Dick's Sporting Goods
DKS
$16.4B
| $324K | 0.01% |
9,366
-23,202
| -71% | -$850K |
|
934
Comtech Telecommunications
CMTL
$53M
| $323K | 0.01% |
+11,489
| New | +$278K |
|
935
Federal Signal
FSS
$7.48B
| $323K | 0.01% |
12,060
-11,778
| -49% | -$309K |
|
936
Brink's
BCO
$4.59B
| $321K | 0.01% |
3,950
-32,756
| -89% | -$2.61M |
|
|
DATA
937
DELISTED
Tableau Software, Inc.
DATA
| $321K | 0.01% |
1,936
-6,371
| -77% | -$837K |
|
|
CVSA
938
Covista Inc
CVSA
$4.51B
| $320K | 0.01% |
7,097
-15,661
| -69% | -$719K |
|
939
Ironwood Pharmaceuticals
IRWD
$709M
| $320K | 0.01% |
29,296
-30,605
| -51% | -$343K |
|
940
Charles River Laboratories
CRL
$14.1B
| $319K | 0.01% |
2,248
-7,863
| -78% | -$1.07M |
|
|
DMC
941
Del Monte Corp
DMC
$1.48B
| $319K | 0.01% |
11,849
-1,442
| -11% | -$39.4K |
|
942
Rockwell Automation
ROK
$48.5B
| $319K | 0.01% |
1,947
-5,720
| -75% | -$967K |
|
943
Royal Bank of Canada
RY
$285B
| $316K | 0.01% |
3,982
+326
| +9% | +$25.5K |
|
944
DMC Global
BOOM
$144M
| $314K | 0.01% |
+4,957
| New | +$329K |
|
945
Conduent
CNDT
$250M
| $312K | 0.01% |
32,500
-594,827
| -95% | -$6.43M |
|
946
Kimco Realty
KIM
$16.1B
| $312K | 0.01% |
+16,868
| New | +$305K |
|
|
FNSR
947
DELISTED
Finisar Corp
FNSR
| $312K | 0.01% |
13,623
+4,908
| +56% | +$112K |
|
948
Tilray
TLRY
$666M
| $311K | 0.01% |
669
+121
| +22% | +$57.8K |
|
949
APA Corp
APA
$15.2B
| $310K | ﹤0.01% |
10,692
-3,337
| -24% | -$104K |
|
950
Graphic Packaging
GPK
$3.54B
| $309K | ﹤0.01% |
22,116
-452,778
| -95% | -$6.07M |
|
Similar funds
Joel Greenblatt's Q2 2019 Portfolio in Review
As of Q2 2019, Joel Greenblatt held 1,366 positions worth $6.27B, down 8.2% from $6.83B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $642M in Q2 2019, closing 251 positions and reducing 489 holdings. Its most notable exit was Chemours, an estimated $49.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $46.3M.
- Joel Greenblatt's largest Q2 2019 buy was Intuit: 177,339 shares worth $46.3M.
- Joel Greenblatt added most to Cisco in Q2 2019, an estimated $38.8M increase.
- Joel Greenblatt's biggest Q2 2019 reduction was PayPal, cutting an estimated $61.2M.
- Joel Greenblatt fully exited Chemours in Q2 2019, selling an estimated $49.3M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.27B portfolio in Q2 2019.
- Joel Greenblatt opened 206 new positions and closed 251 in Q2 2019.
- Joel Greenblatt's portfolio value fell 8.2% quarter-over-quarter to $6.27B.
Based on Gotham Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.