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
|
+$82.2M |
| 2 |
Conagra Brands
CAG
|
+$63.5M |
| 3 |
Intuit
INTU
|
+$53.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$51.9M |
| 5 |
CVS Health
CVS
|
+$43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$40.5M |
| 2 |
Merck
MRK
|
+$39.5M |
| 3 |
DD
Du Pont De Nemours E I
DD
|
+$38.8M |
| 4 |
Viatris
VTRS
|
+$38.8M |
| 5 |
DaVita
DVA
|
+$37.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Industrials | 19.34% |
| 3 | Healthcare | 18.39% |
| 4 | Consumer Discretionary | 16.87% |
| 5 | Consumer Staples | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
MDU Resources
MDU
$4.2B
| – | – |
-1,164,631
| Closed | -$8.62M |
|
1027
Magna International
MGA
$19.5B
| – | – |
-16,357
| Closed | -$703K |
|
1028
MGE Energy Inc
MGEE
$2.97B
| – | – |
-38,030
| Closed | -$1.99M |
|
1029
Mohawk Industries
MHK
$9.23B
| – | – |
-6,308
| Closed | -$1.2M |
|
1030
M/I Homes
MHO
$3.85B
| – | – |
-15,280
| Closed | -$285K |
|
1031
McCormick & Company Non-Voting
MKC
$14.9B
| – | – |
-131,950
| Closed | -$6.56M |
|
|
MRSH
1032
Marsh
MRSH
$91.6B
| – | – |
-114,866
| Closed | -$6.98M |
|
1033
Modine Manufacturing
MOD
$10.5B
| – | – |
-21,101
| Closed | -$232K |
|
|
CALY
1034
Callaway Golf Company
CALY
$2.84B
| – | – |
-563,127
| Closed | -$5.14M |
|
1035
Moog Inc Class A
MOG.A
$12.3B
| – | – |
-27,154
| Closed | -$1.24M |
|
1036
Molina Healthcare
MOH
$10.5B
| – | – |
-57,127
| Closed | -$3.68M |
|
1037
Mine Safety
MSA
$7.31B
| – | – |
-40,283
| Closed | -$1.95M |
|
1038
Motorola Solutions
MSI
$79.5B
| – | – |
-428,838
| Closed | -$32.5M |
|
1039
Meritage Homes
MTH
$4.67B
| – | – |
-66,240
| Closed | -$1.21M |
|
1040
MasTec
MTZ
$21.4B
| – | – |
-13,069
| Closed | -$265K |
|
1041
Murphy USA
MUSA
$10.5B
| – | – |
-10,354
| Closed | -$636K |
|
1042
NN Inc
NNBR
$312M
| – | – |
-10,853
| Closed | -$148K |
|
1043
Northrop Grumman
NOC
$78.3B
| – | – |
-32,828
| Closed | -$6.5M |
|
1044
Nokia
NOK
$57B
| – | – |
-23,923
| Closed | -$141K |
|
1045
Enpro
NPO
$6.62B
| – | – |
-12,004
| Closed | -$692K |
|
1046
Insight Enterprises
NSIT
$4.33B
| – | – |
-42,235
| Closed | -$1.21M |
|
1047
NETSCOUT
NTCT
$2.8B
| – | – |
-12,207
| Closed | -$280K |
|
1048
Enviri
NVRI
$582M
| – | – |
-39,692
| Closed | -$216K |
|
1049
Newell Brands
NWL
$2.59B
| – | – |
-213,004
| Closed | -$9.43M |
|
1050
OGE Energy
OGE
$9.42B
| – | – |
-97,830
| Closed | -$2.8M |
|
Similar funds
Joel Greenblatt's Q2 2016 Portfolio in Review
As of Q2 2016, Joel Greenblatt held 1,194 positions worth $8.34B, down 6.5% from $8.92B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $527M in Q2 2016, closing 260 positions and reducing 357 holdings. Its most notable exit was Viatris, an estimated $38.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Twenty-First Century Fox, Inc. Class A worth $76.3M.
- Joel Greenblatt's largest Q2 2016 buy was Twenty-First Century Fox, Inc. Class A: 2,822,168 shares worth $76.3M.
- Joel Greenblatt added most to Paramount Global Class B in Q2 2016, an estimated $51.9M increase.
- Joel Greenblatt's biggest Q2 2016 reduction was Texas Instruments, cutting an estimated $40.5M.
- Joel Greenblatt fully exited Viatris in Q2 2016, selling an estimated $38.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $8.34B portfolio in Q2 2016.
- Joel Greenblatt opened 244 new positions and closed 260 in Q2 2016.
- Joel Greenblatt's portfolio value fell 6.5% quarter-over-quarter to $8.34B.
Based on Gotham Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.