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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Addus HomeCare
ADUS
$2.26B
| $430K | 0.01% |
5,045
+2,881
| +133% | +$257K |
|
1002
Teradata
TDC
$2.58B
| $429K | 0.01% |
9,538
+311
| +3% | +$15.2K |
|
1003
PTC
PTC
$16.8B
| $428K | 0.01% |
3,023
| – | – |
|
1004
SMX (Security Matters) Plc
SMX
$18.2M
| – | – |
0
| – | – |
|
1005
TechnipFMC
FTI
$30.4B
| $425K | 0.01% |
20,871
-21,884
| -51% | -$413K |
|
1006
Pediatrix Medical
MD
$2.16B
| $423K | 0.01% |
33,296
+11,271
| +51% | +$155K |
|
1007
Quanterix
QTRX
$141M
| $423K | 0.01% |
+15,576
| New | +$386K |
|
1008
Napco Security Technologies
NSSC
$1.36B
| $421K | 0.01% |
18,926
+10,510
| +125% | +$319K |
|
1009
Blue Bird Corp
BLBD
$1.96B
| $420K | 0.01% |
+19,693
| New | +$417K |
|
1010
Badger Meter
BMI
$3.82B
| $420K | 0.01% |
2,922
+55
| +2% | +$8.69K |
|
1011
MarketAxess Holdings
MKTX
$5.71B
| $420K | 0.01% |
1,967
-413
| -17% | -$100K |
|
1012
Allegion
ALLE
$13.8B
| $419K | 0.01% |
4,020
+1,718
| +75% | +$193K |
|
1013
Axalta
AXTA
$7.75B
| $416K | 0.01% |
15,479
+7,241
| +88% | +$212K |
|
1014
National Beverage
FIZZ
$3.03B
| $416K | 0.01% |
8,852
+4,384
| +98% | +$221K |
|
1015
Coherent
COHR
$56.7B
| $415K | 0.01% |
12,719
-5,875
| -32% | -$241K |
|
1016
LGI Homes
LGIH
$1.35B
| $414K | 0.01% |
4,165
+153
| +4% | +$19K |
|
1017
Teradyne
TER
$58.7B
| $413K | 0.01% |
4,108
+1,532
| +59% | +$162K |
|
|
BELFB
1018
Bel Fuse Inc Class B
BELFB
$3.69B
| $412K | 0.01% |
+8,625
| New | +$445K |
|
1019
Cooper Companies
COO
$14.9B
| $410K | 0.01% |
5,156
+1,468
| +40% | +$135K |
|
|
FITB
1020
Fifth Third Bancorp
FITB
$49.7B
| $408K | 0.01% |
16,106
-625
| -4% | -$16.9K |
|
1021
Comstock Resources
CRK
$4.18B
| $407K | 0.01% |
36,873
-45,700
| -55% | -$538K |
|
1022
GoodRx Holdings
GDRX
$1.18B
| $406K | 0.01% |
72,090
+39,552
| +122% | +$264K |
|
1023
Fidelity National Information Services
FIS
$21.3B
| $406K | 0.01% |
7,343
-1,600
| -18% | -$92.1K |
|
1024
Sabre
SABR
$848M
| $404K | 0.01% |
+90,078
| New | +$409K |
|
1025
Alpha Teknova
TKNO
$395M
| $404K | 0.01% |
+4,808
| New | +$12.6K |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.