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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Valaris
VAL
$6.09B
| $603K | 0.01% |
8,039
-9,775
| -55% | -$718K |
|
927
TG Therapeutics
TGTX
$8.31B
| $597K | 0.01% |
71,423
-59,271
| -45% | -$826K |
|
928
Flowers Foods
FLO
$1.47B
| $595K | 0.01% |
26,804
+6,572
| +32% | +$157K |
|
929
Gentex
GNTX
$4.98B
| $594K | 0.01% |
18,264
+3,667
| +25% | +$118K |
|
930
Qiagen
QGEN
$9.1B
| $588K | 0.01% |
13,694
+9,041
| +194% | +$422K |
|
931
Helix Energy Solutions
HLX
$1.53B
| $587K | 0.01% |
+52,576
| New | +$507K |
|
932
IonQ
IONQ
$18.2B
| $584K | 0.01% |
39,215
-73,833
| -65% | -$1.16M |
|
933
Canadian Natural Resources
CNQ
$106B
| $583K | 0.01% |
18,028
-36,104
| -67% | -$1.1M |
|
934
Ashland
ASH
$3.33B
| $581K | 0.01% |
+7,111
| New | +$616K |
|
935
Cloudflare
NET
$104B
| $580K | 0.01% |
+9,202
| New | +$589K |
|
936
W.R. Berkley
WRB
$25.5B
| $576K | 0.01% |
13,619
+7,560
| +125% | +$313K |
|
|
ECHO
937
EchoStar
ECHO
$25.2B
| $572K | 0.01% |
34,131
+8,963
| +36% | +$169K |
|
938
Brighthouse Financial
BHF
$3.01B
| $571K | 0.01% |
11,667
-5,284
| -31% | -$263K |
|
939
Powell Industries
POWL
$7.2B
| $571K | 0.01% |
+20,658
| New | +$512K |
|
940
Neurocrine Biosciences
NBIX
$15.5B
| $569K | 0.01% |
5,058
-355
| -7% | -$37.4K |
|
941
Carnival Corporation Ltd
CCL
$35.2B
| $565K | 0.01% |
41,183
+10,715
| +35% | +$178K |
|
942
Progressive
PGR
$127B
| $561K | 0.01% |
4,028
-9,766
| -71% | -$1.28M |
|
943
Lear
LEA
$8.56B
| $560K | 0.01% |
4,176
+1,083
| +35% | +$157K |
|
944
Par Pacific Holdings
PARR
$3.96B
| $559K | 0.01% |
15,549
-16,162
| -51% | -$531K |
|
945
Yelp
YELP
$1.27B
| $558K | 0.01% |
13,422
+1,796
| +15% | +$75.6K |
|
|
JBGS
946
JBG SMITH
JBGS
$732M
| $558K | 0.01% |
38,599
-32,685
| -46% | -$506K |
|
947
American Water Works
AWK
$26.9B
| $554K | 0.01% |
4,473
+497
| +13% | +$69.7K |
|
948
Citizens Financial Group
CFG
$29.4B
| $552K | 0.01% |
20,614
-311
| -1% | -$8.89K |
|
949
Alarm.com
ALRM
$2.82B
| $552K | 0.01% |
9,023
+1,710
| +23% | +$96.7K |
|
950
Alnylam Pharmaceuticals
ALNY
$31.6B
| $546K | 0.01% |
3,082
-775
| -20% | -$148K |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.