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 |
Humana
HUM
|
+$13M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$12.6M |
| 3 |
PayPal
PYPL
|
+$11.2M |
| 4 |
Lam Research
LRCX
|
+$10.5M |
| 5 |
ON Semiconductor
ON
|
+$8.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$11.8M |
| 2 |
Adobe
ADBE
|
+$11.2M |
| 3 |
Parker-Hannifin
PH
|
+$9.65M |
| 4 |
Walt Disney
DIS
|
+$8.9M |
| 5 |
FedEx
FDX
|
+$8.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Healthcare | 12.01% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 10.05% |
| 5 | Financials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Emerson Electric
EMR
$87.7B
| $8.33M | 0.23% |
86,719
+8,118
| +10% | +$730K |
|
77
Lowe's Companies
LOW
$121B
| $8.22M | 0.23% |
41,242
-7,526
| -15% | -$1.5M |
|
78
Hilton Worldwide
HLT
$73.5B
| $8.09M | 0.23% |
64,010
+4,162
| +7% | +$548K |
|
79
HP
HPQ
$27.2B
| $8.08M | 0.23% |
300,858
+29,185
| +11% | +$808K |
|
80
General Dynamics
GD
$104B
| $7.94M | 0.22% |
31,996
-25,352
| -44% | -$6.18M |
|
81
Altria Group
MO
$110B
| $7.88M | 0.22% |
172,299
+26,890
| +18% | +$1.22M |
|
82
Blackrock
BLK
$179B
| $7.86M | 0.22% |
11,087
-7,715
| -41% | -$5.15M |
|
83
W.W. Grainger
GWW
$61.8B
| $7.85M | 0.22% |
14,114
+644
| +5% | +$363K |
|
84
Medtronic
MDT
$119B
| $7.79M | 0.22% |
100,212
-2,122
| -2% | -$172K |
|
85
International Paper
IP
$22B
| $7.55M | 0.21% |
217,947
+40,170
| +23% | +$1.39M |
|
86
Amphenol
APH
$194B
| $7.49M | 0.21% |
196,834
-4,738
| -2% | -$179K |
|
87
Vertex Pharmaceuticals
VRTX
$139B
| $7.43M | 0.21% |
25,740
-11,867
| -32% | -$3.62M |
|
88
Match Group
MTCH
$9.38B
| $7.42M | 0.21% |
178,908
+113,326
| +173% | +$5.12M |
|
|
MRO
89
DELISTED
Marathon Oil Corporation
MRO
| $7.4M | 0.21% |
273,331
-16,002
| -6% | -$464K |
|
90
Fox Class A
FOXA
$28.8B
| $7.37M | 0.21% |
242,522
+57,024
| +31% | +$1.74M |
|
91
General Mills
GIS
$21.4B
| $7.29M | 0.21% |
87,000
-23,915
| -22% | -$1.95M |
|
92
Nucor
NUE
$55.3B
| $7.22M | 0.2% |
54,766
+3,127
| +6% | +$425K |
|
93
McKesson
MCK
$100B
| $7.15M | 0.2% |
19,048
-4,631
| -20% | -$1.73M |
|
94
Celanese
CE
$5.14B
| $7.11M | 0.2% |
69,509
+2,233
| +3% | +$221K |
|
95
eBay
EBAY
$46.3B
| $7.09M | 0.2% |
170,945
-31,457
| -16% | -$1.3M |
|
96
Ford
F
$57.5B
| $7.08M | 0.2% |
608,597
-299,148
| -33% | -$3.84M |
|
97
Tapestry
TPR
$26B
| $7.07M | 0.2% |
185,610
-91,939
| -33% | -$3.15M |
|
98
Ross Stores
ROST
$76.7B
| $7.04M | 0.2% |
60,680
-4,025
| -6% | -$410K |
|
99
Mastercard
MA
$509B
| $6.99M | 0.2% |
20,114
-12,942
| -39% | -$4.26M |
|
100
Teledyne Technologies
TDY
$29.5B
| $6.99M | 0.2% |
17,482
+10,460
| +149% | +$4.07M |
|
Similar funds
Joel Greenblatt's Q4 2022 Portfolio in Review
As of Q4 2022, Joel Greenblatt held 1,351 positions worth $3.55B, up 6.4% from $3.34B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt's Q4 2022 filing shows 195 new, 468 increased, 530 reduced and 150 closed positions. Its largest new stake was Albemarle: 27,723 shares worth $6.01M. The largest sale was Micron Technology, an estimated $11.8M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Industrials.
- Joel Greenblatt's largest Q4 2022 buy was Albemarle: 27,723 shares worth $6.01M.
- Joel Greenblatt added most to Humana in Q4 2022, an estimated $13M increase.
- Joel Greenblatt's biggest Q4 2022 reduction was Micron Technology, cutting an estimated $11.8M.
- Joel Greenblatt fully exited FedEx in Q4 2022, selling an estimated $8.85M.
- Joel Greenblatt's ten largest holdings make up 22% of its $3.55B portfolio in Q4 2022.
- Joel Greenblatt opened 195 new positions and closed 150 in Q4 2022.
- Joel Greenblatt's portfolio value rose 6.4% quarter-over-quarter to $3.55B.
Based on Gotham Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.