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 |
SPR
Spirit AeroSystems
SPR
|
+$18.4M |
| 2 |
DF
Dean Foods Company
DF
|
+$17.8M |
| 3 |
GameStop
GME
|
+$16M |
| 4 |
Amdocs
DOX
|
+$14.3M |
| 5 |
FTR
Frontier Communications Corp.
FTR
|
+$14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCRX
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
|
+$23.5M |
| 2 |
United Therapeutics
UTHR
|
+$16M |
| 3 |
Abercrombie & Fitch
ANF
|
+$13M |
| 4 |
American Eagle Outfitters
AEO
|
+$11M |
| 5 |
OUTR
OUTERWALL INC
OUTR
|
+$9.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.78% |
| 2 | Technology | 19.27% |
| 3 | Consumer Discretionary | 17.3% |
| 4 | Healthcare | 11.45% |
| 5 | Consumer Staples | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Agilent Technologies
A
$44.9B
| – | – |
-29,041
| Closed | -$1.06M |
|
952
ABM Industries
ABM
$2.74B
| – | – |
-7,556
| Closed | -$201K |
|
953
Analog Devices
ADI
$182B
| – | – |
-17,334
| Closed | -$816K |
|
954
Adtran
ADTN
$633M
| – | – |
-8,329
| Closed | -$222K |
|
955
Ameren
AEE
$29.4B
| – | – |
-107,744
| Closed | -$3.75M |
|
956
Alamos Gold
AGI
$15.8B
| – | – |
-179,434
| Closed | -$2.79M |
|
957
Ametek
AME
$54.9B
| – | – |
-27,049
| Closed | -$1.25M |
|
|
958
Abercrombie & Fitch
ANF
$4.84B
| – | – |
-367,244
| Closed | -$13M |
|
959
Anika Therapeutics
ANIK
$291M
| – | – |
-68,532
| Closed | -$1.64M |
|
960
AngioDynamics
ANGO
$651M
| – | – |
-16,031
| Closed | -$212K |
|
961
Aon
AON
$75.3B
| – | – |
-33,516
| Closed | -$2.5M |
|
962
Arrow Electronics
ARW
$10.7B
| – | – |
-22,040
| Closed | -$1.07M |
|
963
AXIS Capital
AXS
$7.2B
| – | – |
-6,871
| Closed | -$298K |
|
964
Brunswick
BC
$5.24B
| – | – |
-19,564
| Closed | -$781K |
|
965
Becton Dickinson
BDX
$52.3B
| – | – |
-3,974
| Closed | -$388K |
|
966
Bunge Global
BG
$21.7B
| – | – |
-67,015
| Closed | -$5.09M |
|
967
Brady Corp
BRC
$4.3B
| – | – |
-12,317
| Closed | -$376K |
|
968
Boston Scientific
BSX
$73B
| – | – |
-18,744
| Closed | -$220K |
|
|
CADE
969
DELISTED
Cadence Bank
CADE
| – | – |
-10,822
| Closed | -$216K |
|
970
Cracker Barrel
CBRL
$1.29B
| – | – |
-19,371
| Closed | -$2M |
|
971
CEVA Inc
CEVA
$788M
| – | – |
-16,453
| Closed | -$284K |
|
972
Cognex
CGNX
$10.2B
| – | – |
-68,512
| Closed | -$1.07M |
|
973
CONMED
CNMD
$1.53B
| – | – |
-19,019
| Closed | -$646K |
|
974
Coherent
COHR
$56.7B
| – | – |
-133,902
| Closed | -$2.52M |
|
975
Cencora
COR
$60.7B
| – | – |
-3,543
| Closed | -$216K |
|
Similar funds
Joel Greenblatt's Q4 2013 Portfolio in Review
As of Q4 2013, Joel Greenblatt held 1,100 positions worth $4.2B, up 36% from $3.08B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Joel Greenblatt deployed $796M of net new capital in Q4 2013, opening 219 new positions and adding to 392 existing holdings. Its largest new stake was Spirit AeroSystems: 625,966 shares worth $21.3M.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was United Therapeutics, an estimated $16M trimmed.
- Joel Greenblatt's largest Q4 2013 buy was Spirit AeroSystems: 625,966 shares worth $21.3M.
- Joel Greenblatt added most to Dean Foods Company in Q4 2013, an estimated $17.8M increase.
- Joel Greenblatt's biggest Q4 2013 reduction was United Therapeutics, cutting an estimated $16M.
- Joel Greenblatt fully exited WARNER CHILCOTT PLC ORD SHS CL A (IRL) in Q4 2013, selling an estimated $23.5M.
- Joel Greenblatt's ten largest holdings make up 6.3% of its $4.2B portfolio in Q4 2013.
- Joel Greenblatt opened 219 new positions and closed 150 in Q4 2013.
- Joel Greenblatt's portfolio value rose 36% quarter-over-quarter to $4.2B.
Based on Gotham Asset Management's 13F filing for Q4 2013, filed 14 Feb 2014.