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 |
Micron Technology
MU
|
+$46.7M |
| 2 |
Altria Group
MO
|
+$36.7M |
| 3 |
Clorox
CLX
|
+$36M |
| 4 |
Lockheed Martin
LMT
|
+$35.6M |
| 5 |
Pentair
PNR
|
+$31.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emerson Electric
EMR
|
+$51.9M |
| 2 |
United Rentals
URI
|
+$42.6M |
| 3 |
Archer Daniels Midland
ADM
|
+$31.2M |
| 4 |
Biogen
BIIB
|
+$29.4M |
| 5 |
Procter & Gamble
PG
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.45% |
| 2 | Technology | 20.01% |
| 3 | Healthcare | 16.96% |
| 4 | Consumer Discretionary | 16.53% |
| 5 | Communication Services | 9.23% |
Similar funds
Joel Greenblatt's Q3 2017 Portfolio in Review
As of Q3 2017, Joel Greenblatt held 1,127 positions worth $6.81B, down 4.5% from $7.13B the previous quarter. Its ten largest holdings account for 8.7% of the portfolio.
Joel Greenblatt withdrew a net $570M in Q3 2017, closing 230 positions and reducing 398 holdings. Its most notable exit was United Rentals, an estimated $42.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Micron Technology worth $58.1M.
- Joel Greenblatt's largest Q3 2017 buy was Micron Technology: 1,477,788 shares worth $58.1M.
- Joel Greenblatt added most to Altria Group in Q3 2017, an estimated $36.7M increase.
- Joel Greenblatt's biggest Q3 2017 reduction was Emerson Electric, cutting an estimated $51.9M.
- Joel Greenblatt fully exited United Rentals in Q3 2017, selling an estimated $42.6M.
- Joel Greenblatt's ten largest holdings make up 8.7% of its $6.81B portfolio in Q3 2017.
- Joel Greenblatt opened 178 new positions and closed 230 in Q3 2017.
- Joel Greenblatt's portfolio value fell 4.5% quarter-over-quarter to $6.81B.
Based on Gotham Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.