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 | |
|---|---|---|---|---|---|---|
1001
CTS Corp
CTS
$1.65B
| – | – |
-119,693
| Closed | -$2.24M |
|
1002
Community Health Systems
CYH
$424M
| – | – |
-16,111
| Closed | -$604K |
|
1003
Ducommun
DCO
$2.89B
| – | – |
-11,184
| Closed | -$292K |
|
1004
Domino's
DPZ
$11.3B
| – | – |
-14,563
| Closed | -$1.06M |
|
1005
DexCom
DXCM
$34.8B
| – | – |
-32,132
| Closed | -$319K |
|
1006
DXP Enterprises
DXPE
$2.95B
| – | – |
-11,548
| Closed | -$872K |
|
1007
Brinker International
EAT
$10.6B
| – | – |
-21,170
| Closed | -$1.03M |
|
1008
Emergent Biosolutions
EBS
$260M
| – | – |
-221,928
| Closed | -$4.99M |
|
1009
EnerSys
ENS
$6.84B
| – | – |
-100,221
| Closed | -$6.89M |
|
|
FARO
1010
DELISTED
Faro Technologies
FARO
| – | – |
-24,894
| Closed | -$1.22M |
|
1011
Franklin Electric
FELE
$4.6B
| – | – |
-29,142
| Closed | -$1.18M |
|
|
FISV
1012
Fiserv Inc
FISV
$28B
| – | – |
-9,842
| Closed | -$297K |
|
1013
Forrester Research
FORR
$224M
| – | – |
-11,983
| Closed | -$454K |
|
1014
Foster
FSTR
$401M
| – | – |
-9,559
| Closed | -$517K |
|
1015
Greif
GEF
$5B
| – | – |
-105,085
| Closed | -$5.73M |
|
1016
Global Payments
GPN
$24.7B
| – | – |
-109,838
| Closed | -$4M |
|
1017
Gorman-Rupp
GRC
$2.06B
| – | – |
-53,569
| Closed | -$1.9M |
|
1018
Healthcare Services Group
HCSG
$1.56B
| – | – |
-28,675
| Closed | -$844K |
|
1019
Harmonic Inc
HLIT
$1.36B
| – | – |
-21,259
| Closed | -$159K |
|
1020
Hilton Worldwide
HLT
$73.5B
| – | – |
-7,591
| Closed | -$531K |
|
1021
Herc Holdings
HRI
$5.41B
| – | – |
-8,330
| Closed | -$700K |
|
1022
Hershey
HSY
$37.5B
| – | – |
-3,024
| Closed | -$294K |
|
1023
Hilltop Holdings
HTH
$2.22B
| – | – |
-9,812
| Closed | -$209K |
|
1024
Hyster-Yale Materials Handling
HY
$622M
| – | – |
-76,735
| Closed | -$6.79M |
|
1025
ICF International
ICFI
$1.6B
| – | – |
-72,254
| Closed | -$2.56M |
|
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.