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
|
+$128M |
| 2 |
NVIDIA
NVDA
|
+$27.8M |
| 3 |
Duke Energy
DUK
|
+$18.4M |
| 4 |
MRO
Marathon Oil Corporation
MRO
|
+$13.2M |
| 5 |
Qorvo
QRVO
|
+$11.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Super Micro Computer
SMCI
|
+$15.8M |
| 2 |
J.M. Smucker
SJM
|
+$10.6M |
| 3 |
HOLX
Hologic
HOLX
|
+$10.1M |
| 4 |
SPLK
Splunk Inc
SPLK
|
+$9M |
| 5 |
Emerson Electric
EMR
|
+$8.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.24% |
| 2 | Industrials | 12.84% |
| 3 | Consumer Discretionary | 10.7% |
| 4 | Healthcare | 8.81% |
| 5 | Financials | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Organon & Co
OGN
$3.61B
| $12.6M | 0.19% |
670,567
+169,545
| +34% | +$2.91M |
|
77
Keurig Dr Pepper
KDP
$43.6B
| $12.6M | 0.19% |
410,037
+98,750
| +32% | +$3.04M |
|
78
GE Aerospace
GE
$361B
| $12.6M | 0.19% |
89,685
-34,418
| -28% | -$4.06M |
|
79
Kimberly-Clark
KMB
$36.4B
| $12.5M | 0.19% |
96,944
-21,405
| -18% | -$2.63M |
|
80
Incyte
INCY
$25.9B
| $12.5M | 0.19% |
219,531
+60,997
| +38% | +$3.66M |
|
81
TripAdvisor
TRIP
$1.17B
| $12.5M | 0.19% |
448,033
+109,691
| +32% | +$2.66M |
|
82
Eaton
ETN
$163B
| $12.4M | 0.19% |
39,689
+11,989
| +43% | +$3.28M |
|
83
IBM
IBM
$222B
| $12.4M | 0.19% |
64,674
+9,415
| +17% | +$1.72M |
|
84
Williams-Sonoma
WSM
$28B
| $12.2M | 0.18% |
76,832
-3,034
| -4% | -$352K |
|
85
Monolithic Power Systems
MPWR
$64.7B
| $12.2M | 0.18% |
17,986
+8,296
| +86% | +$5.54M |
|
86
Applovin
APP
$102B
| $12.2M | 0.18% |
175,613
-87,705
| -33% | -$4.64M |
|
87
Corpay
CPAY
$27.4B
| $12.1M | 0.18% |
39,373
+12,932
| +49% | +$3.71M |
|
88
Omnicom Group
OMC
$24B
| $12.1M | 0.18% |
125,040
+22,179
| +22% | +$1.99M |
|
89
Brown & Brown
BRO
$24.4B
| $12M | 0.18% |
137,442
+2,163
| +2% | +$174K |
|
90
General Mills
GIS
$21.4B
| $12M | 0.18% |
171,857
-11,999
| -7% | -$781K |
|
|
91
Qorvo
QRVO
$8.43B
| $12M | 0.18% |
+104,363
| New | +$11.5M |
|
92
General Dynamics
GD
$104B
| $12M | 0.18% |
42,316
+4,973
| +13% | +$1.33M |
|
93
JPMorgan Chase
JPM
$935B
| $11.9M | 0.18% |
59,331
+1,406
| +2% | +$254K |
|
94
McCormick & Company Non-Voting
MKC
$14.9B
| $11.9M | 0.18% |
154,568
+60,187
| +64% | +$4.09M |
|
95
MasTec
MTZ
$21.4B
| $11.8M | 0.18% |
126,480
+40,866
| +48% | +$3.11M |
|
96
Textron
TXT
$14.3B
| $11.7M | 0.18% |
122,467
+27,031
| +28% | +$2.34M |
|
97
TJX Companies
TJX
$155B
| $11.7M | 0.18% |
115,607
+12,615
| +12% | +$1.22M |
|
98
F5
FFIV
$21.8B
| $11.7M | 0.18% |
61,828
+26,227
| +74% | +$4.84M |
|
99
Hormel Foods
HRL
$13.1B
| $11.6M | 0.18% |
333,278
+176,580
| +113% | +$5.63M |
|
100
Mastercard
MA
$509B
| $11.6M | 0.18% |
24,080
+2,068
| +9% | +$945K |
|
Similar funds
Joel Greenblatt's Q1 2024 Portfolio in Review
As of Q1 2024, Joel Greenblatt held 1,490 positions worth $6.62B, up 23% from $5.39B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Joel Greenblatt deployed $697M of net new capital in Q1 2024, opening 166 new positions and adding to 708 existing holdings. Its largest new stake was Qorvo: 104,363 shares worth $12M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Super Micro Computer, an estimated $15.8M trimmed.
- Joel Greenblatt's largest Q1 2024 buy was Qorvo: 104,363 shares worth $12M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q1 2024, an estimated $128M increase.
- Joel Greenblatt's biggest Q1 2024 reduction was Super Micro Computer, cutting an estimated $15.8M.
- Joel Greenblatt fully exited Splunk Inc in Q1 2024, selling an estimated $9M.
- Joel Greenblatt's ten largest holdings make up 25% of its $6.62B portfolio in Q1 2024.
- Joel Greenblatt opened 166 new positions and closed 124 in Q1 2024.
- Joel Greenblatt's portfolio value rose 23% quarter-over-quarter to $6.62B.
Based on Gotham Asset Management's 13F filing for Q1 2024, filed 15 May 2024.