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 |
Qualcomm
QCOM
|
+$10.8M |
| 2 |
Sherwin-Williams
SHW
|
+$9.06M |
| 3 |
L3Harris
LHX
|
+$8.29M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$8.14M |
| 5 |
Ford
F
|
+$8.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$16.5M |
| 2 |
Intuit
INTU
|
+$15.2M |
| 3 |
Automatic Data Processing
ADP
|
+$12.3M |
| 4 |
Ecolab
ECL
|
+$12M |
| 5 |
PPL
PPL Corp
PPL
|
+$9.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.92% |
| 2 | Consumer Discretionary | 16.37% |
| 3 | Industrials | 15.89% |
| 4 | Healthcare | 11.83% |
| 5 | Consumer Staples | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
AMC Entertainment Holdings
AMC
$2.28B
| $28K | ﹤0.01% |
1,303
-2,892
| -69% | -$94.5K |
|
977
Kartoon Studios
TOON
$40.1M
| $17K | ﹤0.01% |
+1,225
| New | +$16.6K |
|
978
TherapeuticsMD
TXMD
$23.8M
| $14K | ﹤0.01% |
224
-241
| -52% | -$16.5K |
|
|
AIV
979
Aimco
AIV
$381M
| – | – |
-413,768
| Closed | -$1.86M |
|
980
Akamai
AKAM
$15.9B
| – | – |
-7,009
| Closed | -$775K |
|
981
Allstate
ALL
$64.2B
| – | – |
-3,351
| Closed | -$315K |
|
982
Alarm.com
ALRM
$2.82B
| – | – |
-9,030
| Closed | -$499K |
|
983
Amneal Pharmaceuticals
AMRX
$6.24B
| – | – |
-11,503
| Closed | -$45K |
|
984
Arista Networks
ANET
$238B
| – | – |
-34,560
| Closed | -$447K |
|
985
Apple Hospitality REIT
APLE
$3.94B
| – | – |
-14,769
| Closed | -$142K |
|
|
EFOR
986
Everforth Inc
EFOR
$1.34B
| – | – |
-8,093
| Closed | -$514K |
|
987
Astec Industries
ASTE
$1B
| – | – |
-4,497
| Closed | -$244K |
|
|
OPTU
988
Optimum Communications Inc
OPTU
$323M
| – | – |
-14,296
| Closed | -$372K |
|
989
Avnet
AVT
$7.27B
| – | – |
-38,826
| Closed | -$1M |
|
990
Avantor
AVTR
$9.78B
| – | – |
-23,897
| Closed | -$537K |
|
991
Baxter International
BAX
$13.6B
| – | – |
-2,773
| Closed | -$223K |
|
992
Becton Dickinson
BDX
$52.3B
| – | – |
-981
| Closed | -$223K |
|
993
Bruker
BRKR
$9.07B
| – | – |
-6,829
| Closed | -$271K |
|
994
Brown & Brown
BRO
$24.4B
| – | – |
-7,753
| Closed | -$351K |
|
995
BWX Technologies
BWXT
$14.4B
| – | – |
-27,786
| Closed | -$1.56M |
|
996
CBIZ
CBZ
$2.97B
| – | – |
-10,113
| Closed | -$231K |
|
997
Clear Channel Outdoor Holdings
CCO
$1.21B
| – | – |
-10,005
| Closed | -$10K |
|
998
Century Communities
CCS
$1.98B
| – | – |
-6,451
| Closed | -$273K |
|
999
Chord Energy
CHRD
$8.09B
| – | – |
-236,686
| Closed | -$66K |
|
1000
Coherus Oncology
CHRS
$219M
| – | – |
-19,614
| Closed | -$360K |
|
Similar funds
Joel Greenblatt's Q4 2020 Portfolio in Review
As of Q4 2020, Joel Greenblatt held 1,145 positions worth $3.02B, down 2.9% from $3.11B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Joel Greenblatt withdrew a net $537M in Q4 2020, closing 161 positions and reducing 608 holdings. Its most notable exit was PPL Corp, an estimated $9.85M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Joel Greenblatt opened a new position in Sherwin-Williams worth $9.35M.
- Joel Greenblatt's largest Q4 2020 buy was Sherwin-Williams: 38,181 shares worth $9.35M.
- Joel Greenblatt added most to Qualcomm in Q4 2020, an estimated $10.8M increase.
- Joel Greenblatt's biggest Q4 2020 reduction was EOG Resources, cutting an estimated $16.5M.
- Joel Greenblatt fully exited PPL Corp in Q4 2020, selling an estimated $9.85M.
- Joel Greenblatt's ten largest holdings make up 13% of its $3.02B portfolio in Q4 2020.
- Joel Greenblatt opened 134 new positions and closed 161 in Q4 2020.
- Joel Greenblatt's portfolio value fell 2.9% quarter-over-quarter to $3.02B.
Based on Gotham Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.