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
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Aflac
AFL
$58.2B
| – | – |
-40,404
| Closed | -$1.46M |
|
952
Albany International
AIN
$1.68B
| – | – |
-11,772
| Closed | -$542K |
|
953
Akamai
AKAM
$15.9B
| – | – |
-284,550
| Closed | -$17M |
|
954
Alkermes
ALKS
$8.11B
| – | – |
-51,566
| Closed | -$3.02M |
|
955
Advanced Micro Devices
AMD
$773B
| – | – |
-32,546
| Closed | -$474K |
|
956
Abercrombie & Fitch
ANF
$4.84B
| – | – |
-519,181
| Closed | -$6.19M |
|
957
A.O. Smith
AOS
$8.57B
| – | – |
-55,047
| Closed | -$2.82M |
|
958
American Public Education
APEI
$835M
| – | – |
-11,312
| Closed | -$259K |
|
|
ASRT
959
DELISTED
Assertio
ASRT
| – | – |
-1,015
| Closed | -$764K |
|
960
Astec Industries
ASTE
$1B
| – | – |
-28,676
| Closed | -$1.76M |
|
961
A10 Networks
ATEN
$1.9B
| – | – |
-11,311
| Closed | -$103K |
|
962
Atkore
ATKR
$3.16B
| – | – |
-60,576
| Closed | -$1.59M |
|
963
Avient
AVNT
$4.1B
| – | – |
-20,035
| Closed | -$683K |
|
964
American Express
AXP
$227B
| – | – |
-2,905
| Closed | -$230K |
|
965
Axalta
AXTA
$7.75B
| – | – |
-122,434
| Closed | -$3.94M |
|
966
BioCryst Pharmaceuticals
BCRX
$2.44B
| – | – |
-126,553
| Closed | -$1.06M |
|
967
Belden
BDC
$4.79B
| – | – |
-134,116
| Closed | -$9.28M |
|
968
Bunge Global
BG
$21.7B
| – | – |
-58,006
| Closed | -$4.6M |
|
969
Booking.com
BKNG
$158B
| – | – |
-238,050
| Closed | -$16.9M |
|
970
Blackbaud
BLKB
$2.16B
| – | – |
-12,850
| Closed | -$985K |
|
|
BPMC
971
DELISTED
Blueprint Medicines
BPMC
| – | – |
-25,305
| Closed | -$1.01M |
|
972
Credit Acceptance
CACC
$6.24B
| – | – |
-1,352
| Closed | -$270K |
|
973
CBIZ
CBZ
$2.97B
| – | – |
-11,167
| Closed | -$151K |
|
974
Carnival Corporation Ltd
CCL
$35.2B
| – | – |
-142,297
| Closed | -$8.38M |
|
975
Churchill Downs
CHDN
$6.53B
| – | – |
-140,430
| Closed | -$3.72M |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.