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 | |
|---|---|---|---|---|---|---|
|
SYKE
951
DELISTED
SYKES Enterprises Inc
SYKE
| $259K | ﹤0.01% |
8,438
-5,805
| -41% | -$168K |
|
952
Atkore
ATKR
$3.16B
| $255K | ﹤0.01% |
+8,406
| New | +$236K |
|
953
Omega Healthcare
OHI
$14.1B
| $253K | ﹤0.01% |
6,053
-2,235
| -27% | -$87.1K |
|
954
Astronics
ATRO
$3.35B
| $252K | ﹤0.01% |
10,296
-14,651
| -59% | -$393K |
|
955
Saic
SAIC
$5.41B
| $251K | ﹤0.01% |
+2,868
| New | +$244K |
|
|
DMC
956
Del Monte Corp
DMC
$1.48B
| $250K | ﹤0.01% |
7,317
-4,532
| -38% | -$129K |
|
957
Inogen
INGN
$149M
| $250K | ﹤0.01% |
+5,228
| New | +$273K |
|
958
Shenandoah Telecom
SHEN
$683M
| $250K | ﹤0.01% |
7,873
-1,236
| -14% | -$43.3K |
|
959
VICI Properties
VICI
$29.2B
| $250K | ﹤0.01% |
11,039
+1,138
| +11% | +$24.8K |
|
960
Dorian LPG
LPG
$2.19B
| $249K | ﹤0.01% |
+24,068
| New | +$236K |
|
961
MGM Resorts International
MGM
$11B
| $249K | ﹤0.01% |
+8,997
| New | +$258K |
|
|
AVX
962
DELISTED
AVX Corporation
AVX
| $249K | ﹤0.01% |
16,405
-53,956
| -77% | -$814K |
|
|
SLCA
963
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $247K | ﹤0.01% |
+25,871
| New | +$298K |
|
964
Align Technology
ALGN
$11.5B
| $246K | ﹤0.01% |
1,360
-21,308
| -94% | -$4.43M |
|
|
RDS.B
965
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $246K | ﹤0.01% |
4,102
-900
| -18% | -$53.7K |
|
966
Upbound Group
UPBD
$1.1B
| $244K | ﹤0.01% |
9,460
-301
| -3% | -$7.9K |
|
967
Bright Horizons
BFAM
$3.54B
| $243K | ﹤0.01% |
+1,594
| New | +$249K |
|
968
Primerica
PRI
$9.1B
| $241K | ﹤0.01% |
1,894
+199
| +12% | +$24K |
|
969
Patrick Industries
PATK
$2.68B
| $238K | ﹤0.01% |
+8,319
| New | +$231K |
|
970
Ventas
VTR
$47.7B
| $238K | ﹤0.01% |
3,261
-2,557
| -44% | -$181K |
|
971
NNN REIT
NNN
$8.8B
| $237K | ﹤0.01% |
+4,206
| New | +$229K |
|
972
nVent Electric
NVT
$24.6B
| $237K | ﹤0.01% |
10,744
-74,493
| -87% | -$1.67M |
|
973
Agilent Technologies
A
$44.9B
| $236K | ﹤0.01% |
+3,080
| New | +$222K |
|
974
Kennametal
KMT
$2.28B
| $236K | ﹤0.01% |
+7,693
| New | +$245K |
|
975
Selective Insurance
SIGI
$5.45B
| $236K | ﹤0.01% |
+3,143
| New | +$242K |
|
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.