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 |
Capri Holdings
CPRI
|
+$95M |
| 2 |
Textron
TXT
|
+$70.7M |
| 3 |
Motorola Solutions
MSI
|
+$68.3M |
| 4 |
Hormel Foods
HRL
|
+$65.5M |
| 5 |
CA
CA, Inc.
CA
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pentair
PNR
|
+$84.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$83.8M |
| 3 |
Emerson Electric
EMR
|
+$83.3M |
| 4 |
Flowserve
FLS
|
+$81.7M |
| 5 |
Terex
TEX
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.69% |
| 2 | Technology | 20.85% |
| 3 | Consumer Discretionary | 19.35% |
| 4 | Healthcare | 12.34% |
| 5 | Consumer Staples | 11.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Griffon
GFF
$4.55B
| – | – |
-63,921
| Closed | -$1.11M |
|
952
Graham Holdings Company
GHC
$4.94B
| – | – |
-4,363
| Closed | -$2.77M |
|
953
Corning
GLW
$129B
| – | – |
-2,094,002
| Closed | -$47.5M |
|
|
B
954
Barrick Mining
B
$78.3B
| – | – |
-112,939
| Closed | -$1.24M |
|
955
Graphic Packaging
GPK
$3.54B
| – | – |
-97,018
| Closed | -$1.41M |
|
956
Green Plains
GPRE
$1.14B
| – | – |
-56,916
| Closed | -$1.63M |
|
|
GRMN
957
Garmin
GRMN
$56.9B
| – | – |
-1,511,974
| Closed | -$71.8M |
|
|
GTLS
958
DELISTED
Chart Industries
GTLS
| – | – |
-1,147,673
| Closed | -$40.3M |
|
959
W.W. Grainger
GWW
$61.8B
| – | – |
-174,384
| Closed | -$41.1M |
|
|
HBI
960
DELISTED
Hanesbrands
HBI
| – | – |
-83,254
| Closed | -$2.79M |
|
961
Healthcare Services Group
HCSG
$1.56B
| – | – |
-15,050
| Closed | -$484K |
|
|
HES
962
DELISTED
Hess
HES
| – | – |
-182,484
| Closed | -$12.4M |
|
|
HOUS
963
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-53,586
| Closed | -$2.44M |
|
|
HSII
964
DELISTED
Heidrick & Struggles
HSII
| – | – |
-15,446
| Closed | -$380K |
|
965
Huron Consulting
HURN
$2.57B
| – | – |
-70,352
| Closed | -$4.65M |
|
966
Hexcel
HXL
$7.1B
| – | – |
-66,479
| Closed | -$3.42M |
|
967
Idacorp
IDA
$7.94B
| – | – |
-13,371
| Closed | -$841K |
|
968
Illumina
ILMN
$33.1B
| – | – |
-13,435
| Closed | -$2.43M |
|
969
Innoviva
INVA
$1.52B
| – | – |
-52,837
| Closed | -$831K |
|
970
Intuitive Surgical
ISRG
$134B
| – | – |
-60,858
| Closed | -$3.42M |
|
971
Itron
ITRI
$4.38B
| – | – |
-321,847
| Closed | -$11.8M |
|
972
Jabil
JBL
$32.8B
| – | – |
-320,898
| Closed | -$7.5M |
|
973
Jones Lang LaSalle
JLL
$17.8B
| – | – |
-5,589
| Closed | -$952K |
|
|
974
Johnson & Johnson
JNJ
$651B
| – | – |
-833,196
| Closed | -$83.8M |
|
975
Kadant
KAI
$3.7B
| – | – |
-8,022
| Closed | -$422K |
|
Similar funds
Joel Greenblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Joel Greenblatt held 1,149 positions worth $12B, down 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Joel Greenblatt withdrew a net $800M in Q2 2015, closing 241 positions and reducing 357 holdings. Its most notable exit was Pentair, an estimated $84.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Textron worth $69.5M.
- Joel Greenblatt's largest Q2 2015 buy was Textron: 1,556,135 shares worth $69.5M.
- Joel Greenblatt added most to Capri Holdings in Q2 2015, an estimated $95M increase.
- Joel Greenblatt's biggest Q2 2015 reduction was Emerson Electric, cutting an estimated $83.3M.
- Joel Greenblatt fully exited Pentair in Q2 2015, selling an estimated $84.3M.
- Joel Greenblatt's ten largest holdings make up 7.7% of its $12B portfolio in Q2 2015.
- Joel Greenblatt opened 257 new positions and closed 241 in Q2 2015.
- Joel Greenblatt's portfolio value fell 8.8% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q2 2015, filed 14 Aug 2015.