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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
ABM Industries
ABM
$2.74B
| – | – |
-11,453
| Closed | -$468K |
|
977
Acadia Pharmaceuticals
ACAD
$5.08B
| – | – |
-25,682
| Closed | -$741K |
|
978
Aecom
ACM
$8.34B
| – | – |
-110,692
| Closed | -$4.03M |
|
979
Acacia Research
ACTG
$440M
| – | – |
-14,766
| Closed | -$96K |
|
980
Adient
ADNT
$1.54B
| – | – |
-33,772
| Closed | -$1.98M |
|
981
Agnico Eagle Mines
AEM
$109B
| – | – |
-71,496
| Closed | -$3M |
|
982
American International
AIG
$39.8B
| – | – |
-4,636
| Closed | -$303K |
|
983
Affiliated Managers Group
AMG
$9.21B
| – | – |
-2,035
| Closed | -$296K |
|
984
Arista Networks
ANET
$238B
| – | – |
-114,128
| Closed | -$690K |
|
985
ANI Pharmaceuticals
ANIP
$1.73B
| – | – |
-4,137
| Closed | -$251K |
|
986
Arrow Electronics
ARW
$10.7B
| – | – |
-3,756
| Closed | -$268K |
|
987
Ashland
ASH
$3.33B
| – | – |
-298,790
| Closed | -$16M |
|
988
Broadcom
AVGO
$1.75T
| – | – |
-1,019,600
| Closed | -$18M |
|
989
Avery Dennison
AVY
$13.9B
| – | – |
-6,545
| Closed | -$460K |
|
990
Armstrong World Industries
AWI
$7.55B
| – | – |
-260,971
| Closed | -$10.9M |
|
|
AXON
991
Axon Enterprise
AXON
$51B
| – | – |
-42,048
| Closed | -$1.02M |
|
992
Acuity Brands
AYI
$10.3B
| – | – |
-8,369
| Closed | -$1.93M |
|
993
BGC Group
BGC
$5.63B
| – | – |
-47,283
| Closed | -$311K |
|
994
Blackrock
BLK
$179B
| – | – |
-2,163
| Closed | -$823K |
|
995
Brady Corp
BRC
$4.3B
| – | – |
-23,044
| Closed | -$865K |
|
996
Cardinal Health
CAH
$53.4B
| – | – |
-74,164
| Closed | -$5.34M |
|
997
Caleres
CAL
$457M
| – | – |
-82,210
| Closed | -$2.7M |
|
998
Crown Holdings
CCK
$13B
| – | – |
-117,852
| Closed | -$6.2M |
|
999
Celanese
CE
$5.14B
| – | – |
-85,716
| Closed | -$6.75M |
|
1000
Ciena
CIEN
$56B
| – | – |
-188,573
| Closed | -$4.6M |
|
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Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.