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 | |
|---|---|---|---|---|---|---|
1026
Toll Brothers
TOL
$13.7B
| $403K | 0.01% |
5,454
+2,079
| +62% | +$164K |
|
1027
LegalZoom.com
LZ
$998M
| $403K | 0.01% |
36,835
-10,450
| -22% | -$128K |
|
1028
Simply Good Foods
SMPL
$962M
| $403K | 0.01% |
+11,672
| New | +$420K |
|
1029
Apogee Enterprises
APOG
$868M
| $403K | 0.01% |
8,558
+2,660
| +45% | +$129K |
|
1030
B&G Foods
BGS
$281M
| $401K | 0.01% |
40,513
+19,054
| +89% | +$236K |
|
1031
Denali Therapeutics
DNLI
$3.98B
| $400K | 0.01% |
+19,391
| New | +$492K |
|
1032
Enphase Energy
ENPH
$5.1B
| $397K | 0.01% |
3,306
-15,859
| -83% | -$2.26M |
|
1033
Ollie's Bargain Outlet
OLLI
$4.6B
| $396K | 0.01% |
5,131
-22,684
| -82% | -$1.66M |
|
1034
Vanguard S&P 500 ETF
VOO
$1.02T
| $396K | 0.01% |
1,008
-726
| -42% | -$297K |
|
1035
Cable One
CABO
$129M
| $393K | 0.01% |
638
-87
| -12% | -$57.3K |
|
1036
Aaon
AAON
$6.55B
| $393K | 0.01% |
6,904
+3,616
| +110% | +$230K |
|
1037
SL Green Realty
SLG
$4.07B
| $393K | 0.01% |
10,526
+362
| +4% | +$13K |
|
1038
Graham Holdings Company
GHC
$4.94B
| $391K | 0.01% |
671
-17
| -2% | -$9.85K |
|
|
DCH
1039
Dauch Corp
DCH
$1.63B
| $390K | 0.01% |
53,782
+16,850
| +46% | +$135K |
|
1040
SunCoke Energy
SXC
$822M
| $390K | 0.01% |
38,390
+9,671
| +34% | +$87.5K |
|
1041
Upwork
UPWK
$1.08B
| $383K | 0.01% |
+33,692
| New | +$418K |
|
1042
Fulgent Genetics
FLGT
$548M
| $382K | 0.01% |
14,270
-17,575
| -55% | -$600K |
|
1043
Adeia
ADEA
$2.89B
| $381K | 0.01% |
35,648
-3,318
| -9% | -$35.3K |
|
1044
BILL Holdings
BILL
$4.76B
| $380K | 0.01% |
3,501
+316
| +10% | +$36K |
|
1045
Dave & Buster's
PLAY
$357M
| $377K | 0.01% |
+10,164
| New | +$415K |
|
1046
Progress Software
PRGS
$1.82B
| $373K | 0.01% |
7,100
+1,624
| +30% | +$95.1K |
|
|
NAPA
1047
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $373K | 0.01% |
36,309
+4,646
| +15% | +$57.5K |
|
1048
CBIZ
CBZ
$2.97B
| $371K | 0.01% |
7,155
-55
| -0.8% | -$2.96K |
|
1049
Gogo Inc
GOGO
$363M
| $370K | 0.01% |
31,040
+4,939
| +19% | +$68.2K |
|
1050
Graco
GGG
$13.1B
| $370K | 0.01% |
+5,070
| New | +$401K |
|
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.