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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Stellantis
STLA
$20.4B
| $26.3M | 0.38% |
1,394,229
-118,933
| -8% | -$2.61M |
|
77
Lam Research
LRCX
$393B
| $25.4M | 0.37% |
1,468,200
+506,550
| +53% | +$9.76M |
|
78
NetApp
NTAP
$37.7B
| $25.2M | 0.36% |
320,629
-42,474
| -12% | -$2.99M |
|
|
TFCFA
79
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $25.1M | 0.36% |
504,358
-482,050
| -49% | -$19M |
|
80
Biogen
BIIB
$32B
| $24.7M | 0.36% |
85,107
-26,694
| -24% | -$7.5M |
|
81
ConocoPhillips
COP
$162B
| $24.7M | 0.36% |
354,659
+31,265
| +10% | +$2.08M |
|
82
Comcast
CMCSA
$95.3B
| $24.6M | 0.36% |
750,072
+654,286
| +683% | +$21.3M |
|
83
Ecolab
ECL
$78.9B
| $24.3M | 0.35% |
172,809
+166,717
| +2,737% | +$24M |
|
84
Omnicom Group
OMC
$24B
| $23.8M | 0.34% |
312,408
+62,384
| +25% | +$4.61M |
|
85
Hyatt Hotels
H
$17B
| $23.8M | 0.34% |
308,321
+136,585
| +80% | +$10.9M |
|
86
Merck
MRK
$376B
| $23.7M | 0.34% |
408,839
-369,273
| -47% | -$20.8M |
|
87
Analog Devices
ADI
$182B
| $23.1M | 0.33% |
241,274
+110,285
| +84% | +$10.4M |
|
88
W.W. Grainger
GWW
$61.8B
| $22.8M | 0.33% |
73,994
-8,397
| -10% | -$2.51M |
|
89
Danaher
DHR
$154B
| $22.8M | 0.33% |
260,628
+122,841
| +89% | +$10.9M |
|
90
Ross Stores
ROST
$76.7B
| $22.7M | 0.33% |
267,354
-16,748
| -6% | -$1.36M |
|
91
Magna International
MGA
$19.5B
| $22.6M | 0.33% |
389,592
+374,554
| +2,491% | +$23.3M |
|
92
Hershey
HSY
$37.5B
| $22.4M | 0.32% |
240,959
-5,228
| -2% | -$487K |
|
93
Applied Materials
AMAT
$391B
| $22.2M | 0.32% |
479,988
-82,329
| -15% | -$4.24M |
|
94
Intel
INTC
$476B
| $22.2M | 0.32% |
445,655
-144,703
| -25% | -$7.68M |
|
|
FLIR
95
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $21.6M | 0.31% |
416,131
+169,810
| +69% | +$9.07M |
|
96
Union Pacific
UNP
$183B
| $21.6M | 0.31% |
152,489
-25,346
| -14% | -$3.53M |
|
97
Methanex
MEOH
$4.65B
| $21.3M | 0.31% |
301,112
+60,512
| +25% | +$4.06M |
|
98
VF Corp
VFC
$5.65B
| $21.2M | 0.31% |
276,548
-136,358
| -33% | -$10.3M |
|
99
Caterpillar
CAT
$381B
| $21.1M | 0.31% |
155,607
-48,438
| -24% | -$7.24M |
|
100
International Paper
IP
$22B
| $20.9M | 0.3% |
424,780
+66,163
| +18% | +$3.38M |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.