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 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$54.1M |
| 2 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
+$42.9M |
| 3 |
Teradata
TDC
|
+$40.2M |
| 4 |
Delta Air Lines
DAL
|
+$39.9M |
| 5 |
Monster Beverage
MNST
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$53.1M |
| 2 |
News Corp Class B
NWS
|
+$33.3M |
| 3 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$31.9M |
| 4 |
C.H. Robinson
CHRW
|
+$30.5M |
| 5 |
IM
Ingram Micro
IM
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.69% |
| 2 | Technology | 19.82% |
| 3 | Consumer Discretionary | 19.24% |
| 4 | Consumer Staples | 12.32% |
| 5 | Healthcare | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
QCOR
76
DELISTED
QUESTCOR PHARMA INC
QCOR
| $29.6M | 0.37% |
319,725
-15,769
| -5% | -$1.35M |
|
|
GNC
77
DELISTED
GNC Holdings, Inc.
GNC
| $29.4M | 0.37% |
861,384
+497,353
| +137% | +$19.8M |
|
78
Terex
TEX
$7.6B
| $29.2M | 0.37% |
710,621
+272,825
| +62% | +$11.1M |
|
79
Steven Madden
SHOO
$3.37B
| $29.1M | 0.36% |
1,271,189
+329,226
| +35% | +$7.39M |
|
80
Las Vegas Sands
LVS
$30.5B
| $29.1M | 0.36% |
381,329
+216,884
| +132% | +$16.5M |
|
|
WCC
81
WESCO International
WCC
$17B
| $29M | 0.36% |
336,275
-148,876
| -31% | -$13M |
|
82
Illinois Tool Works
ITW
$80.4B
| $28.9M | 0.36% |
329,918
+100,352
| +44% | +$8.62M |
|
83
Tapestry
TPR
$26B
| $28.7M | 0.36% |
840,742
+575,632
| +217% | +$24.7M |
|
84
Werner Enterprises
WERN
$2.33B
| $28.6M | 0.36% |
1,080,519
+432,743
| +67% | +$11.2M |
|
|
DST
85
DELISTED
DST Systems Inc.
DST
| $28.3M | 0.35% |
614,120
+582,252
| +1,827% | +$26.8M |
|
|
HAR
86
DELISTED
Harman International Industries
HAR
| $28M | 0.35% |
260,339
+257,872
| +10,453% | +$27.4M |
|
87
Wolverine World Wide
WWW
$1.72B
| $28M | 0.35% |
1,073,157
+394,006
| +58% | +$10.5M |
|
|
STRZA
88
DELISTED
Starz - Series A
STRZA
| $27.7M | 0.35% |
929,328
+463,485
| +99% | +$14.1M |
|
89
Carlisle Companies
CSL
$14.6B
| $27.7M | 0.35% |
319,521
+177,131
| +124% | +$14.7M |
|
90
Pitney Bowes
PBI
$2.26B
| $27.5M | 0.34% |
994,703
+233,233
| +31% | +$6.21M |
|
91
Paychex
PAYX
$44.3B
| $27.3M | 0.34% |
657,438
+567,358
| +630% | +$23.3M |
|
92
Southwest Airlines
LUV
$19.8B
| $27.3M | 0.34% |
+1,016,501
| New | +$25.6M |
|
93
Kimberly-Clark
KMB
$36.4B
| $27M | 0.34% |
253,412
+76,593
| +43% | +$8.14M |
|
94
IBM
IBM
$222B
| $26.6M | 0.33% |
153,601
+134,691
| +712% | +$24.2M |
|
95
Brink's
BCO
$4.59B
| $26.3M | 0.33% |
931,337
+459,920
| +98% | +$12.3M |
|
96
Emerson Electric
EMR
$87.7B
| $26.2M | 0.33% |
394,170
+229,995
| +140% | +$15.5M |
|
97
Archer Daniels Midland
ADM
$38.7B
| $26.1M | 0.33% |
591,985
-240,650
| -29% | -$10.6M |
|
98
Clorox
CLX
$12.9B
| $25.9M | 0.32% |
283,868
+78,237
| +38% | +$7.01M |
|
|
OVTI
99
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $25.9M | 0.32% |
1,177,668
+15,722
| +1% | +$320K |
|
100
Waste Management
WM
$89.6B
| $25.8M | 0.32% |
576,474
+336,535
| +140% | +$14.6M |
|
Similar funds
Joel Greenblatt's Q2 2014 Portfolio in Review
As of Q2 2014, Joel Greenblatt held 1,196 positions worth $7.99B, up 20% from $6.64B the previous quarter. Its ten largest holdings account for 6.9% of the portfolio.
Joel Greenblatt deployed $1.17B of net new capital in Q2 2014, opening 202 new positions and adding to 378 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $30.5M trimmed.
- Joel Greenblatt's largest Q2 2014 buy was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
- Joel Greenblatt added most to TOWERS WATSON & CO COM STK CL A (DE) in Q2 2014, an estimated $42.9M increase.
- Joel Greenblatt's biggest Q2 2014 reduction was C.H. Robinson, cutting an estimated $30.5M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q2 2014, selling an estimated $53.1M.
- Joel Greenblatt's ten largest holdings make up 6.9% of its $7.99B portfolio in Q2 2014.
- Joel Greenblatt opened 202 new positions and closed 216 in Q2 2014.
- Joel Greenblatt's portfolio value rose 20% quarter-over-quarter to $7.99B.
Based on Gotham Asset Management's 13F filing for Q2 2014, filed 14 Aug 2014.