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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Fortune Brands Innovations
FBIN
$5.32B
| $27.2M | 0.35% |
523,463
+94,745
| +22% | +$4.65M |
|
77
Yum! Brands
YUM
$41.8B
| $27.1M | 0.34% |
424,086
-121,649
| -22% | -$7.92M |
|
78
General Motors
GM
$77.2B
| $27.1M | 0.34% |
766,165
-488,349
| -39% | -$17.9M |
|
|
VIAB
79
DELISTED
Viacom Inc. Class B
VIAB
| $26.9M | 0.34% |
576,866
-146,954
| -20% | -$6.2M |
|
80
Textron
TXT
$14.3B
| $26.7M | 0.34% |
561,971
+541,831
| +2,690% | +$26.1M |
|
81
Xerox
XRX
$381M
| $26.5M | 0.34% |
901,587
+844,673
| +1,484% | +$24.4M |
|
82
Viatris
VTRS
$18.7B
| $25.3M | 0.32% |
+648,342
| New | +$26.1M |
|
83
Western Digital
WDC
$166B
| $25.1M | 0.32% |
+402,115
| New | +$23.1M |
|
84
Kimberly-Clark
KMB
$36.4B
| $25M | 0.32% |
190,104
-178,273
| -48% | -$22.5M |
|
|
CTXS
85
DELISTED
Citrix Systems Inc
CTXS
| $25M | 0.32% |
299,547
-106,017
| -26% | -$8.26M |
|
86
Warner Bros
WBD
$71.6B
| $24.7M | 0.31% |
849,851
+38,703
| +5% | +$1.09M |
|
|
HBI
87
DELISTED
Hanesbrands
HBI
| $24.7M | 0.31% |
1,188,086
-206,133
| -15% | -$4.37M |
|
88
Crane NXT
CXT
$2.89B
| $24.6M | 0.31% |
947,200
+379,548
| +67% | +$9.71M |
|
89
Howmet Aerospace
HWM
$108B
| $24.5M | 0.31% |
1,210,793
+58,672
| +5% | +$1.15M |
|
90
Fidelity National Information Services
FIS
$21.3B
| $24.3M | 0.31% |
305,549
+134,021
| +78% | +$10.8M |
|
91
TJX Companies
TJX
$155B
| $24.3M | 0.31% |
615,246
-192,824
| -24% | -$7.43M |
|
92
Labcorp
LH
$27.3B
| $24.3M | 0.31% |
197,219
+23,023
| +13% | +$2.73M |
|
93
Hewlett Packard
HPE
$70.8B
| $24.3M | 0.31% |
1,764,411
-1,055,111
| -37% | -$14.2M |
|
94
DaVita
DVA
$11.1B
| $24.3M | 0.31% |
357,208
-83,409
| -19% | -$5.52M |
|
95
Royal Caribbean
RCL
$78.1B
| $24M | 0.3% |
+244,522
| New | +$22.9M |
|
96
Capri Holdings
CPRI
$1.55B
| $23.9M | 0.3% |
628,250
+431,864
| +220% | +$17M |
|
|
RTN
97
DELISTED
Raytheon Company
RTN
| $23.3M | 0.3% |
152,587
+99,618
| +188% | +$15M |
|
|
STMP
98
DELISTED
Stamps.com, Inc.
STMP
| $23.1M | 0.29% |
195,435
+49,451
| +34% | +$6.11M |
|
|
IPG
99
DELISTED
Interpublic Group of Companies
IPG
| $23M | 0.29% |
937,737
+403,857
| +76% | +$9.69M |
|
100
Danaher
DHR
$154B
| $23M | 0.29% |
303,781
-170,769
| -36% | -$12.7M |
|
Similar funds
Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.