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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Nektar Therapeutics
NKTR
$2.53B
| – | – |
-90,928
| Closed | -$17.1M |
|
1002
Northern Oil and Gas
NOG
$2.91B
| – | – |
-3,275
| Closed | -$222K |
|
1003
NRG Energy
NRG
$23.8B
| – | – |
-178,483
| Closed | -$4.08M |
|
1004
NetApp
NTAP
$37.7B
| – | – |
-1,073,983
| Closed | -$33.9M |
|
1005
NVR
NVR
$16.9B
| – | – |
-8,932
| Closed | -$12M |
|
1006
Omnicell
OMCL
$1.62B
| – | – |
-12,432
| Closed | -$469K |
|
1007
Opko Health
OPK
$1.1B
| – | – |
-42,947
| Closed | -$691K |
|
1008
Ormat Technologies
ORA
$6.67B
| – | – |
-9,402
| Closed | -$354K |
|
1009
Open Text
OTEX
$5.97B
| – | – |
-768,556
| Closed | -$15.6M |
|
1010
Public Service Enterprise Group
PEG
$36.2B
| – | – |
-236,732
| Closed | -$9.3M |
|
1011
Principal Financial Group
PFG
$23.7B
| – | – |
-4,177
| Closed | -$214K |
|
1012
Progressive
PGR
$127B
| – | – |
-7,484
| Closed | -$208K |
|
1013
Douglas Dynamics
PLOW
$973M
| – | – |
-23,963
| Closed | -$515K |
|
1014
Post Holdings
POST
$3.65B
| – | – |
-33,246
| Closed | -$1.17M |
|
1015
Progress Software
PRGS
$1.82B
| – | – |
-14,475
| Closed | -$398K |
|
1016
Perrigo
PRGO
$1.98B
| – | – |
-6,903
| Closed | -$1.28M |
|
1017
Quantum Corp
QMCO
$877M
| – | – |
-333
| Closed | -$89K |
|
1018
Qorvo
QRVO
$8.43B
| – | – |
-80,438
| Closed | -$6.46M |
|
1019
Restaurant Brands International
QSR
$28.2B
| – | – |
-54,498
| Closed | -$2.08M |
|
1020
RBC Bearings
RBC
$16B
| – | – |
-58,199
| Closed | -$4.18M |
|
1021
Rogers Corp
ROG
$2.26B
| – | – |
-18,722
| Closed | -$1.24M |
|
1022
Red Robin
RRGB
$189M
| – | – |
-15,838
| Closed | -$1.36M |
|
1023
Royal Bank of Canada
RY
$285B
| – | – |
-3,292
| Closed | -$201K |
|
1024
Sabre
SABR
$848M
| – | – |
-776,221
| Closed | -$18.5M |
|
1025
Sonic Automotive
SAH
$2.45B
| – | – |
-22,160
| Closed | -$528K |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.