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 |
Intuit
INTU
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Nexstar Media Group
NXST
$5.73B
| – | – |
-34,715
| Closed | -$2.44M |
|
1052
Old Dominion Freight Line
ODFL
$42.8B
| – | – |
-340,386
| Closed | -$9.71M |
|
1053
O-I Glass
OI
$1.1B
| – | – |
-402,458
| Closed | -$8.2M |
|
1054
OneMain Financial
OMF
$7.27B
| – | – |
-13,444
| Closed | -$334K |
|
|
ACH
1055
Accendra Health
ACH
$92.3M
| – | – |
-306,518
| Closed | -$10.6M |
|
1056
Patrick Industries
PATK
$2.68B
| – | – |
-49,667
| Closed | -$1.56M |
|
1057
Principal Financial Group
PFG
$23.7B
| – | – |
-15,843
| Closed | -$1M |
|
1058
Pentair
PNR
$10.3B
| – | – |
-434,734
| Closed | -$18.3M |
|
1059
Insulet
PODD
$10.3B
| – | – |
-7,980
| Closed | -$344K |
|
1060
Protolabs
PRLB
$1.9B
| – | – |
-20,205
| Closed | -$1.03M |
|
1061
Quantum Corp
QMCO
$877M
| – | – |
-219
| Closed | -$30K |
|
1062
LiveRamp
RAMP
$2.28B
| – | – |
-20,124
| Closed | -$573K |
|
1063
ResMed
RMD
$33.4B
| – | – |
-9,715
| Closed | -$699K |
|
1064
RPM International
RPM
$13.9B
| – | – |
-10,500
| Closed | -$578K |
|
1065
RTX Corp
RTX
$283B
| – | – |
-73,121
| Closed | -$5.16M |
|
1066
Rush Enterprises Class A
RUSHA
$8.54B
| – | – |
-40,977
| Closed | -$602K |
|
1067
Rayonier Advanced Materials
RYAM
$586M
| – | – |
-17,512
| Closed | -$236K |
|
1068
Saia
SAIA
$9.66B
| – | – |
-56,269
| Closed | -$2.49M |
|
1069
Stepan Co
SCL
$1.45B
| – | – |
-5,117
| Closed | -$403K |
|
|
SKX
1070
DELISTED
Skechers
SKX
| – | – |
-14,725
| Closed | -$404K |
|
1071
Sonoco
SON
$5.88B
| – | – |
-134,878
| Closed | -$7.14M |
|
1072
Spectrum Brands
SPB
$2B
| – | – |
-34,757
| Closed | -$4.83M |
|
1073
Simon Property Group
SPG
$70.6B
| – | – |
-1,830
| Closed | -$315K |
|
1074
Spok Holdings
SPOK
$216M
| – | – |
-10,540
| Closed | -$200K |
|
1075
Simpson Manufacturing
SSD
$7.74B
| – | – |
-11,443
| Closed | -$493K |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.