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 |
Linde
LIN
|
+$50.5M |
| 2 |
Comcast
CMCSA
|
+$31.1M |
| 3 |
Lowe's Companies
LOW
|
+$26.3M |
| 4 |
Occidental Petroleum
OXY
|
+$24.2M |
| 5 |
Ford
F
|
+$24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$44.3M |
| 2 |
Phillips 66
PSX
|
+$34M |
| 3 |
Honeywell
HON
|
+$28.9M |
| 4 |
Intuit
INTU
|
+$28.1M |
| 5 |
RTN
Raytheon Company
RTN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.74% |
| 2 | Industrials | 16.83% |
| 3 | Healthcare | 15.35% |
| 4 | Consumer Discretionary | 11.7% |
| 5 | Consumer Staples | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RP
926
DELISTED
RealPage, Inc.
RP
| $282K | 0.01% |
4,479
-3,357
| -43% | -$210K |
|
927
Burlington
BURL
$20.6B
| $281K | 0.01% |
+1,404
| New | +$258K |
|
928
Comtech Telecommunications
CMTL
$53M
| $279K | ﹤0.01% |
8,579
-2,910
| -25% | -$82.9K |
|
929
American Financial Group
AFG
$11.9B
| $277K | ﹤0.01% |
+2,568
| New | +$266K |
|
930
Southern Copper
SCCO
$182B
| $277K | ﹤0.01% |
8,862
+2,249
| +34% | +$70.5K |
|
931
Ameris Bancorp
ABCB
$5.78B
| $276K | ﹤0.01% |
6,849
+1,003
| +17% | +$37.8K |
|
932
Kelly Services Class A
KELYA
$594M
| $276K | ﹤0.01% |
+11,396
| New | +$296K |
|
|
GCI
933
DELISTED
Gannett Co., Inc
GCI
| $276K | ﹤0.01% |
+25,657
| New | +$255K |
|
934
Spire
SR
$4.78B
| $275K | ﹤0.01% |
3,157
-103
| -3% | -$8.68K |
|
935
ExxonMobil
XOM
$679B
| $275K | ﹤0.01% |
3,897
-290,885
| -99% | -$21M |
|
|
CPE
936
DELISTED
Callon Petroleum Company
CPE
| $274K | ﹤0.01% |
+6,317
| New | +$308K |
|
937
Brookfield
BN
$93.1B
| $269K | ﹤0.01% |
+14,224
| New | +$258K |
|
938
Ironwood Pharmaceuticals
IRWD
$709M
| $269K | ﹤0.01% |
31,362
+2,066
| +7% | +$20.1K |
|
|
PFPT
939
DELISTED
Proofpoint, Inc.
PFPT
| $268K | ﹤0.01% |
2,079
+125
| +6% | +$15.3K |
|
940
Palo Alto Networks
PANW
$292B
| $267K | ﹤0.01% |
7,860
-92,766
| -92% | -$3.28M |
|
941
SiteOne Landscape Supply
SITE
$4.19B
| $267K | ﹤0.01% |
+3,604
| New | +$265K |
|
942
East-West Bancorp
EWBC
$17.8B
| $265K | ﹤0.01% |
+5,987
| New | +$263K |
|
943
Stride
LRN
$3.51B
| $263K | ﹤0.01% |
9,963
-835
| -8% | -$24K |
|
944
Rexford Industrial Realty
REXR
$8.3B
| $263K | ﹤0.01% |
+5,973
| New | +$255K |
|
|
RUTH
945
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $263K | ﹤0.01% |
12,884
-3,375
| -21% | -$70.3K |
|
|
EQC
946
DELISTED
Equity Commonwealth
EQC
| $262K | ﹤0.01% |
+7,643
| New | +$257K |
|
947
Synaptics
SYNA
$3.82B
| $261K | ﹤0.01% |
+6,531
| New | +$220K |
|
|
MNTA
948
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $261K | ﹤0.01% |
+20,117
| New | +$243K |
|
949
Transocean
RIG
$6.61B
| $260K | ﹤0.01% |
+58,268
| New | +$309K |
|
950
NETGEAR
NTGR
$571M
| $259K | ﹤0.01% |
+8,034
| New | +$252K |
|
Similar funds
Joel Greenblatt's Q3 2019 Portfolio in Review
As of Q3 2019, Joel Greenblatt held 1,300 positions worth $5.66B, down 9.7% from $6.27B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $593M in Q3 2019, closing 225 positions and reducing 527 holdings. Its most notable exit was Phillips 66, an estimated $34M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Marathon Petroleum worth $23.5M.
- Joel Greenblatt's largest Q3 2019 buy was Marathon Petroleum: 387,491 shares worth $23.5M.
- Joel Greenblatt added most to Linde in Q3 2019, an estimated $50.5M increase.
- Joel Greenblatt's biggest Q3 2019 reduction was Eli Lilly, cutting an estimated $44.3M.
- Joel Greenblatt fully exited Phillips 66 in Q3 2019, selling an estimated $34M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.66B portfolio in Q3 2019.
- Joel Greenblatt opened 185 new positions and closed 225 in Q3 2019.
- Joel Greenblatt's portfolio value fell 9.7% quarter-over-quarter to $5.66B.
Based on Gotham Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.