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 |
Capri Holdings
CPRI
|
+$95M |
| 2 |
Textron
TXT
|
+$70.7M |
| 3 |
Motorola Solutions
MSI
|
+$68.3M |
| 4 |
Hormel Foods
HRL
|
+$65.5M |
| 5 |
CA
CA, Inc.
CA
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pentair
PNR
|
+$84.3M |
| 2 |
Johnson & Johnson
JNJ
|
+$83.8M |
| 3 |
Emerson Electric
EMR
|
+$83.3M |
| 4 |
Flowserve
FLS
|
+$81.7M |
| 5 |
Terex
TEX
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.69% |
| 2 | Technology | 20.85% |
| 3 | Consumer Discretionary | 19.35% |
| 4 | Healthcare | 12.34% |
| 5 | Consumer Staples | 11.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Kaiser Aluminum
KALU
$2.52B
| – | – |
-16,372
| Closed | -$1.26M |
|
977
Kroger
KR
$35.5B
| – | – |
-31,332
| Closed | -$1.2M |
|
978
KRONOS Worldwide
KRO
$944M
| – | – |
-18,060
| Closed | -$228K |
|
979
Loews
L
$22.5B
| – | – |
-5,532
| Closed | -$226K |
|
|
MZTI
980
The Marzetti Company
MZTI
$3.06B
| – | – |
-39,532
| Closed | -$3.76M |
|
981
Lear
LEA
$8.56B
| – | – |
-62,895
| Closed | -$6.97M |
|
982
Grand Canyon Education
LOPE
$3.84B
| – | – |
-15,655
| Closed | -$678K |
|
983
Las Vegas Sands
LVS
$30.5B
| – | – |
-1,035,818
| Closed | -$57M |
|
984
Lexicon Pharmaceuticals
LXRX
$1.02B
| – | – |
-10,509
| Closed | -$69K |
|
985
Mastercard
MA
$509B
| – | – |
-11,272
| Closed | -$974K |
|
986
Marriott International
MAR
$92.9B
| – | – |
-73,899
| Closed | -$5.94M |
|
|
MASI
987
DELISTED
Masimo
MASI
| – | – |
-42,408
| Closed | -$1.4M |
|
988
Matthews International
MATW
$664M
| – | – |
-7,807
| Closed | -$402K |
|
989
MBIA
MBI
$250M
| – | – |
-36,529
| Closed | -$340K |
|
990
Moody's
MCO
$87.2B
| – | – |
-4,194
| Closed | -$435K |
|
991
Medtronic
MDT
$119B
| – | – |
-37,793
| Closed | -$2.95M |
|
992
MidCap Financial Investment
MFIC
$804M
| – | – |
-8,843
| Closed | -$204K |
|
993
MGE Energy Inc
MGEE
$2.97B
| – | – |
-5,233
| Closed | -$232K |
|
|
MRSH
994
Marsh
MRSH
$91.6B
| – | – |
-156,518
| Closed | -$8.78M |
|
|
CALY
995
Callaway Golf Company
CALY
$2.84B
| – | – |
-68,232
| Closed | -$650K |
|
996
Merck
MRK
$376B
| – | – |
-709,242
| Closed | -$38.9M |
|
997
Materion
MTRN
$4.83B
| – | – |
-9,593
| Closed | -$369K |
|
998
Nike
NKE
$60.5B
| – | – |
-6,110
| Closed | -$307K |
|
999
Enpro
NPO
$6.62B
| – | – |
-10,173
| Closed | -$671K |
|
1000
NETGEAR
NTGR
$571M
| – | – |
-362,891
| Closed | -$11.9M |
|
Similar funds
Joel Greenblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Joel Greenblatt held 1,149 positions worth $12B, down 8.8% from $13.1B the previous quarter. Its ten largest holdings account for 7.7% of the portfolio.
Joel Greenblatt withdrew a net $800M in Q2 2015, closing 241 positions and reducing 357 holdings. Its most notable exit was Pentair, an estimated $84.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Textron worth $69.5M.
- Joel Greenblatt's largest Q2 2015 buy was Textron: 1,556,135 shares worth $69.5M.
- Joel Greenblatt added most to Capri Holdings in Q2 2015, an estimated $95M increase.
- Joel Greenblatt's biggest Q2 2015 reduction was Emerson Electric, cutting an estimated $83.3M.
- Joel Greenblatt fully exited Pentair in Q2 2015, selling an estimated $84.3M.
- Joel Greenblatt's ten largest holdings make up 7.7% of its $12B portfolio in Q2 2015.
- Joel Greenblatt opened 257 new positions and closed 241 in Q2 2015.
- Joel Greenblatt's portfolio value fell 8.8% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q2 2015, filed 14 Aug 2015.