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 |
TJX Companies
TJX
|
+$34.8M |
| 2 |
Kinder Morgan
KMI
|
+$27.8M |
| 3 |
EOG Resources
EOG
|
+$27.5M |
| 4 |
Medtronic
MDT
|
+$27.1M |
| 5 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$42.7M |
| 2 |
Apple
AAPL
|
+$36.5M |
| 3 |
Comcast
CMCSA
|
+$33.5M |
| 4 |
CVS Health
CVS
|
+$30.9M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$29.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.53% |
| 2 | Technology | 15.96% |
| 3 | Consumer Discretionary | 14.59% |
| 4 | Healthcare | 13.04% |
| 5 | Consumer Staples | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
ADT
ADT
$5.39B
| $93K | ﹤0.01% |
21,535
-247
| -1% | -$1.49K |
|
1002
Community Health Systems
CYH
$424M
| $92K | ﹤0.01% |
27,653
-10,857
| -28% | -$44K |
|
1003
Tilray
TLRY
$666M
| $89K | ﹤0.01% |
+1,293
| New | +$181K |
|
|
QVCGA
1004
DELISTED
QVC Group Inc Series A
QVCGA
| $89K | ﹤0.01% |
300
-11,620
| -97% | -$4.15M |
|
1005
Oceaneering
OII
$5.28B
| $86K | ﹤0.01% |
29,106
-44,585
| -61% | -$465K |
|
|
BBBY
1006
DELISTED
Bed Bath & Beyond Inc
BBBY
| $85K | ﹤0.01% |
20,291
-68,428
| -77% | -$797K |
|
1007
SITE Centers
SITC
$161M
| $84K | ﹤0.01% |
+20,778
| New | +$180K |
|
|
DENN
1008
DELISTED
Denny's
DENN
| $82K | ﹤0.01% |
10,737
-19,556
| -65% | -$332K |
|
1009
MBIA
MBI
$250M
| $80K | ﹤0.01% |
+11,232
| New | +$94.9K |
|
1010
Celestica
CLS
$37.4B
| $79K | ﹤0.01% |
+22,616
| New | +$156K |
|
|
NEX
1011
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $79K | ﹤0.01% |
67,432
-255,151
| -79% | -$1.12M |
|
|
IVC
1012
DELISTED
Invacare Corporation
IVC
| $78K | ﹤0.01% |
+10,444
| New | +$80.9K |
|
1013
Hercules Capital
HTGC
$3.21B
| $77K | ﹤0.01% |
+10,074
| New | +$132K |
|
1014
Fossil Group
FOSL
$332M
| $76K | ﹤0.01% |
23,022
-100,016
| -81% | -$590K |
|
|
CNSL
1015
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $76K | ﹤0.01% |
16,812
-4,663
| -22% | -$23.7K |
|
|
EXPR
1016
DELISTED
Express, Inc.
EXPR
| $72K | ﹤0.01% |
2,412
+1,307
| +118% | +$95.8K |
|
1017
Cars.com
CARS
$654M
| $70K | ﹤0.01% |
16,255
-96,699
| -86% | -$934K |
|
1018
Century Aluminum
CENX
$4.35B
| $69K | ﹤0.01% |
+19,079
| New | +$107K |
|
|
APTO
1019
DELISTED
Aptose Biosciences, Inc.
APTO
| $69K | ﹤0.01% |
+26
| New | +$77.5K |
|
1020
Magnite
MGNI
$3.37B
| $66K | ﹤0.01% |
11,925
-557
| -4% | -$5.12K |
|
1021
CNX Resources
CNX
$5.38B
| $65K | ﹤0.01% |
+12,250
| New | +$81.4K |
|
1022
Gogo Inc
GOGO
$363M
| $63K | ﹤0.01% |
29,913
-17,369
| -37% | -$74.2K |
|
1023
Select Water Solutions
WTTR
$2.54B
| $63K | ﹤0.01% |
19,455
-12,647
| -39% | -$80.3K |
|
|
CHX
1024
DELISTED
ChampionX
CHX
| $60K | ﹤0.01% |
10,502
+2,125
| +25% | +$44.2K |
|
1025
Angi Inc
ANGI
$200M
| $58K | ﹤0.01% |
+1,100
| New | +$81.8K |
|
Similar funds
Joel Greenblatt's Q1 2020 Portfolio in Review
As of Q1 2020, Joel Greenblatt held 1,293 positions worth $3.6B, down 34% from $5.45B the previous quarter. Its ten largest holdings account for 9.7% of the portfolio.
Joel Greenblatt withdrew a net $266M in Q1 2020, closing 238 positions and reducing 416 holdings. Its most notable exit was Johnson Controls International, an estimated $28.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in CONCHO RESOURCES INC. worth $16.6M.
- Joel Greenblatt's largest Q1 2020 buy was CONCHO RESOURCES INC.: 388,298 shares worth $16.6M.
- Joel Greenblatt added most to TJX Companies in Q1 2020, an estimated $34.8M increase.
- Joel Greenblatt's biggest Q1 2020 reduction was Bristol-Myers Squibb, cutting an estimated $42.7M.
- Joel Greenblatt fully exited Johnson Controls International in Q1 2020, selling an estimated $28.1M.
- Joel Greenblatt's ten largest holdings make up 9.7% of its $3.6B portfolio in Q1 2020.
- Joel Greenblatt opened 206 new positions and closed 238 in Q1 2020.
- Joel Greenblatt's portfolio value fell 34% quarter-over-quarter to $3.6B.
Based on Gotham Asset Management's 13F filing for Q1 2020, filed 15 May 2020.