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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Lincoln Electric
LECO
$15.4B
| – | – |
-9,788
| Closed | -$750K |
|
1052
Lumentum
LITE
$77.7B
| – | – |
-17,799
| Closed | -$688K |
|
1053
Lockheed Martin
LMT
$130B
| – | – |
-106,509
| Closed | -$26.6M |
|
1054
Lindsay Corp
LNN
$1.18B
| – | – |
-5,147
| Closed | -$384K |
|
1055
LPL Financial
LPLA
$28.5B
| – | – |
-6,274
| Closed | -$221K |
|
1056
Landstar System
LSTR
$6.33B
| – | – |
-15,664
| Closed | -$1.34M |
|
1057
Lumen
LUMN
$6.13B
| – | – |
-835,718
| Closed | -$19.9M |
|
1058
Las Vegas Sands
LVS
$30.5B
| – | – |
-24,438
| Closed | -$1.3M |
|
1059
Lexicon Pharmaceuticals
LXRX
$1.02B
| – | – |
-27,102
| Closed | -$375K |
|
1060
Live Nation Entertainment
LYV
$42.4B
| – | – |
-124,875
| Closed | -$3.32M |
|
1061
Matsons
MATX
$6.66B
| – | – |
-24,392
| Closed | -$863K |
|
1062
Mistras Group
MG
$604M
| – | – |
-37,850
| Closed | -$972K |
|
1063
Mohawk Industries
MHK
$9.23B
| – | – |
-92,715
| Closed | -$18.5M |
|
1064
MillerKnoll
MLKN
$1.57B
| – | – |
-11,717
| Closed | -$401K |
|
1065
Martin Marietta Materials
MLM
$32.1B
| – | – |
-2,459
| Closed | -$545K |
|
1066
Molina Healthcare
MOH
$10.5B
| – | – |
-6,995
| Closed | -$380K |
|
1067
Motorcar Parts of America
MPAA
$226M
| – | – |
-8,672
| Closed | -$233K |
|
1068
Marathon Petroleum
MPC
$101B
| – | – |
-17,701
| Closed | -$891K |
|
1069
Mettler-Toledo International
MTD
$28B
| – | – |
-1,244
| Closed | -$521K |
|
1070
Manitowoc
MTW
$710M
| – | – |
-6,854
| Closed | -$164K |
|
1071
Murphy Oil
MUR
$5.36B
| – | – |
-76,428
| Closed | -$2.38M |
|
1072
National Fuel Gas
NFG
$7.84B
| – | – |
-5,482
| Closed | -$311K |
|
1073
Nike
NKE
$60.5B
| – | – |
-23,848
| Closed | -$1.21M |
|
1074
NVR
NVR
$16.9B
| – | – |
-741
| Closed | -$1.24M |
|
1075
Quanex
NX
$931M
| – | – |
-15,214
| Closed | -$309K |
|
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Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.