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 |
Bunge Global
BG
|
+$71M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$62.1M |
| 3 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.3M |
| 4 |
Abercrombie & Fitch
ANF
|
+$57M |
| 5 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$41.2M |
| 2 |
Whirlpool
WHR
|
+$39.9M |
| 3 |
Lockheed Martin
LMT
|
+$37.9M |
| 4 |
Intuit
INTU
|
+$37.1M |
| 5 |
United Therapeutics
UTHR
|
+$36.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.05% |
| 2 | Technology | 20.56% |
| 3 | Consumer Discretionary | 18.37% |
| 4 | Healthcare | 13.15% |
| 5 | Consumer Staples | 12.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Associated Banc-Corp
ASB
$5.82B
| – | – |
-12,554
| Closed | -$227K |
|
977
Atmos Energy
ATO
$28.2B
| – | – |
-9,900
| Closed | -$529K |
|
978
Broadcom
AVGO
$1.75T
| – | – |
-82,850
| Closed | -$597K |
|
979
Avnet
AVT
$7.27B
| – | – |
-41,640
| Closed | -$1.84M |
|
980
Avery Dennison
AVY
$13.9B
| – | – |
-8,931
| Closed | -$458K |
|
|
AXON
981
Axon Enterprise
AXON
$51B
| – | – |
-102,489
| Closed | -$1.36M |
|
982
Azenta
AZTA
$1.64B
| – | – |
-229,454
| Closed | -$2.47M |
|
983
Boeing
BA
$169B
| – | – |
-151,155
| Closed | -$19.2M |
|
984
Bath & Body Works
BBWI
$3.92B
| – | – |
-5,541
| Closed | -$263K |
|
985
BGC Group
BGC
$5.63B
| – | – |
-51,646
| Closed | -$247K |
|
986
Bausch Health
BHC
$2.41B
| – | – |
-6,172
| Closed | -$778K |
|
987
Benchmark Electronics
BHE
$2.61B
| – | – |
-34,187
| Closed | -$871K |
|
988
Badger Meter
BMI
$3.82B
| – | – |
-8,088
| Closed | -$213K |
|
989
Bristol-Myers Squibb
BMY
$137B
| – | – |
-89,363
| Closed | -$4.33M |
|
990
Popular Inc
BPOP
$10.8B
| – | – |
-9,215
| Closed | -$315K |
|
991
Brady Corp
BRC
$4.3B
| – | – |
-196,757
| Closed | -$5.88M |
|
992
Brown & Brown
BRO
$24.4B
| – | – |
-406,518
| Closed | -$6.24M |
|
993
Citigroup
C
$221B
| – | – |
-7,903
| Closed | -$372K |
|
994
CACI
CACI
$14.3B
| – | – |
-85,023
| Closed | -$5.97M |
|
995
Crown Holdings
CCK
$13B
| – | – |
-179,991
| Closed | -$8.96M |
|
996
CME Group
CME
$98.9B
| – | – |
-4,716
| Closed | -$335K |
|
997
CONMED
CNMD
$1.53B
| – | – |
-168,447
| Closed | -$7.44M |
|
998
Charles River Laboratories
CRL
$14.1B
| – | – |
-11,280
| Closed | -$604K |
|
999
Crocs
CROX
$5.85B
| – | – |
-11,293
| Closed | -$170K |
|
1000
CoStar Group
CSGP
$13.1B
| – | – |
-116,760
| Closed | -$1.85M |
|
Similar funds
Joel Greenblatt's Q3 2014 Portfolio in Review
As of Q3 2014, Joel Greenblatt held 1,164 positions worth $10.1B, up 26% from $7.99B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $2.32B of net new capital in Q3 2014, opening 184 new positions and adding to 372 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Time Warner Inc, an estimated $41.2M trimmed.
- Joel Greenblatt's largest Q3 2014 buy was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
- Joel Greenblatt added most to Bunge Global in Q3 2014, an estimated $71M increase.
- Joel Greenblatt's biggest Q3 2014 reduction was Time Warner Inc, cutting an estimated $41.2M.
- Joel Greenblatt fully exited Intuit in Q3 2014, selling an estimated $37.1M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $10.1B portfolio in Q3 2014.
- Joel Greenblatt opened 184 new positions and closed 194 in Q3 2014.
- Joel Greenblatt's portfolio value rose 26% quarter-over-quarter to $10.1B.
Based on Gotham Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.