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
|
+$47.9M |
| 2 |
Apple
AAPL
|
+$16.5M |
| 3 |
J.M. Smucker
SJM
|
+$9.24M |
| 4 |
EOG Resources
EOG
|
+$8.79M |
| 5 |
Revvity
RVTY
|
+$8.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gotham Enhanced 500 ETF
GSPY
|
+$24.2M |
| 2 |
Gotham 1000 Value ETF
GVLU
|
+$10.4M |
| 3 |
Constellation Energy
CEG
|
+$10.1M |
| 4 |
Merck
MRK
|
+$9.61M |
| 5 |
Exelon
EXC
|
+$8.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.42% |
| 2 | Industrials | 11.72% |
| 3 | Consumer Discretionary | 10.36% |
| 4 | Healthcare | 10.33% |
| 5 | Financials | 5.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Lennar Class A
LEN
$21B
| $526K | 0.01% |
4,333
-140
| -3% | -$15.3K |
|
952
Paylocity
PCTY
$8.14B
| $524K | 0.01% |
2,837
-305
| -10% | -$55.8K |
|
953
Minerals Technologies
MTX
$2.21B
| $520K | 0.01% |
9,006
+3,336
| +59% | +$194K |
|
954
Globe Life
GL
$13.1B
| $519K | 0.01% |
4,736
-6,702
| -59% | -$720K |
|
955
Verra Mobility
VRRM
$693M
| $519K | 0.01% |
26,320
+12,001
| +84% | +$212K |
|
956
CNX Resources
CNX
$5.38B
| $519K | 0.01% |
29,290
-13,914
| -32% | -$225K |
|
|
VMRK
957
Vivmark Residential
VMRK
$25B
| $519K | 0.01% |
7,865
-10,070
| -56% | -$629K |
|
958
Amcor
AMCR
$22.5B
| $517K | 0.01% |
10,356
-3,389
| -25% | -$177K |
|
|
ZUO
959
DELISTED
Zuora, Inc.
ZUO
| $516K | 0.01% |
47,025
+21,080
| +81% | +$200K |
|
960
American Eagle Outfitters
AEO
$2.71B
| $514K | 0.01% |
43,520
+18,036
| +71% | +$225K |
|
961
Albertsons Companies
ACI
$6.01B
| $513K | 0.01% |
23,516
-12,228
| -34% | -$254K |
|
962
Henry Schein
HSIC
$9.86B
| $511K | 0.01% |
6,306
-7,044
| -53% | -$557K |
|
963
Neurocrine Biosciences
NBIX
$15.5B
| $510K | 0.01% |
5,413
-2,180
| -29% | -$213K |
|
|
SMAR
964
DELISTED
Smartsheet Inc.
SMAR
| $507K | 0.01% |
13,241
-28,559
| -68% | -$1.24M |
|
965
Brady Corp
BRC
$4.3B
| $506K | 0.01% |
+10,634
| New | +$535K |
|
966
Flowers Foods
FLO
$1.47B
| $503K | 0.01% |
20,232
-88,467
| -81% | -$2.34M |
|
967
Huntington Bancshares
HBAN
$34.4B
| $503K | 0.01% |
46,667
-7,194
| -13% | -$76.9K |
|
968
Hancock Whitney
HWC
$6.05B
| $502K | 0.01% |
13,069
+265
| +2% | +$9.85K |
|
|
PPLI
969
People Inc
PPLI
$2.86B
| $501K | 0.01% |
+9,717
| New | +$445K |
|
970
GFL Environmental
GFL
$14.8B
| $499K | 0.01% |
+12,849
| New | +$467K |
|
|
BERY
971
DELISTED
Berry Global Group, Inc.
BERY
| $498K | 0.01% |
8,436
-13,165
| -61% | -$719K |
|
972
Vanguard International High Dividend Yield ETF
VYMI
$21.4B
| $497K | 0.01% |
7,862
| – | – |
|
973
Abercrombie & Fitch
ANF
$4.84B
| $494K | 0.01% |
+13,120
| New | +$374K |
|
974
Teradata
TDC
$2.58B
| $493K | 0.01% |
9,227
-811
| -8% | -$36.6K |
|
975
New York Times
NYT
$10.6B
| $492K | 0.01% |
12,500
-15,514
| -55% | -$590K |
|
Similar funds
Joel Greenblatt's Q2 2023 Portfolio in Review
As of Q2 2023, Joel Greenblatt held 1,458 positions worth $4.6B, up 11% from $4.13B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Joel Greenblatt deployed $206M of net new capital in Q2 2023, opening 149 new positions and adding to 553 existing holdings. Its largest new stake was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Gotham Enhanced 500 ETF, an estimated $24.2M trimmed.
- Joel Greenblatt's largest Q2 2023 buy was Vanguard Morningstar Value ETF: 27,263 shares worth $3.87M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $47.9M increase.
- Joel Greenblatt's biggest Q2 2023 reduction was Gotham Enhanced 500 ETF, cutting an estimated $24.2M.
- Joel Greenblatt fully exited Chart Industries in Q2 2023, selling an estimated $5.59M.
- Joel Greenblatt's ten largest holdings make up 23% of its $4.6B portfolio in Q2 2023.
- Joel Greenblatt opened 149 new positions and closed 163 in Q2 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $4.6B.
Based on Gotham Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.