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 |
Dominion Energy
D
|
+$10.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$8.19M |
| 3 |
NXP Semiconductors
NXPI
|
+$7.89M |
| 4 |
Occidental Petroleum
OXY
|
+$7.78M |
| 5 |
FedEx
FDX
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$37.2M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$21.8M |
| 3 |
Amazon
AMZN
|
+$17.7M |
| 4 |
Quanta Services
PWR
|
+$15.2M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$13.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.25% |
| 2 | Consumer Discretionary | 15.93% |
| 3 | Industrials | 14.92% |
| 4 | Healthcare | 12.91% |
| 5 | Consumer Staples | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Cloudflare
NET
$104B
| – | – |
-8,978
| Closed | -$682K |
|
1052
NewMarket
NEU
$8.62B
| – | – |
-2,177
| Closed | -$867K |
|
1053
Annaly Capital Management
NLY
$17.5B
| – | – |
-9,455
| Closed | -$320K |
|
1054
Intellia Therapeutics
NTLA
$1.8B
| – | – |
-8,290
| Closed | -$451K |
|
1055
Novavax
NVAX
$1.47B
| – | – |
-86,608
| Closed | -$9.66M |
|
1056
Enviri
NVRI
$582M
| – | – |
-10,724
| Closed | -$193K |
|
1057
Realty Income
O
$59.2B
| – | – |
-21,199
| Closed | -$1.28M |
|
1058
ONE Gas
OGS
$4.95B
| – | – |
-8,290
| Closed | -$636K |
|
1059
Ormat Technologies
ORA
$6.67B
| – | – |
-2,299
| Closed | -$208K |
|
1060
Outfront Media
OUT
$5.25B
| – | – |
-10,372
| Closed | -$200K |
|
|
PBPB
1061
DELISTED
Potbelly
PBPB
| – | – |
-38,271
| Closed | -$430K |
|
1062
PDS Biotechnology
PDSB
$12.2M
| – | – |
-15,429
| Closed | -$219K |
|
1063
Palantir
PLTR
$432B
| – | – |
-10,001
| Closed | -$236K |
|
1064
Plexus
PLXS
$6.4B
| – | – |
-3,797
| Closed | -$297K |
|
1065
Pool Corp
POOL
$6.83B
| – | – |
-3,306
| Closed | -$1.23M |
|
1066
Phillips 66
PSX
$96.9B
| – | – |
-3,319
| Closed | -$232K |
|
1067
Peloton Interactive
PTON
$2.37B
| – | – |
-1,380
| Closed | -$209K |
|
1068
Qiagen
QGEN
$9.1B
| – | – |
-4,110
| Closed | -$230K |
|
1069
Qualys
QLYS
$6.3B
| – | – |
-2,340
| Closed | -$285K |
|
1070
Restaurant Brands International
QSR
$28.2B
| – | – |
-6,537
| Closed | -$399K |
|
1071
LiveRamp
RAMP
$2.28B
| – | – |
-8,619
| Closed | -$631K |
|
1072
Ultragenyx Pharmaceutical
RARE
$2.55B
| – | – |
-1,546
| Closed | -$214K |
|
1073
Royal Caribbean
RCL
$78.1B
| – | – |
-3,070
| Closed | -$229K |
|
|
RDFN
1074
DELISTED
Redfin
RDFN
| – | – |
-9,103
| Closed | -$625K |
|
1075
ResMed
RMD
$33.4B
| – | – |
-12,856
| Closed | -$2.73M |
|
Similar funds
Joel Greenblatt's Q1 2021 Portfolio in Review
As of Q1 2021, Joel Greenblatt held 1,161 positions worth $2.24B, down 26% from $3.02B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Joel Greenblatt withdrew a net $1.04B in Q1 2021, closing 182 positions and reducing 614 holdings. Its most notable exit was Novavax, an estimated $9.66M 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 Consumer Discretionary and Industrials.
Against the trend, Joel Greenblatt opened a new position in Becton Dickinson worth $5.64M.
- Joel Greenblatt's largest Q1 2021 buy was Becton Dickinson: 23,757 shares worth $5.64M.
- Joel Greenblatt added most to Dominion Energy in Q1 2021, an estimated $10.5M increase.
- Joel Greenblatt's biggest Q1 2021 reduction was Apple, cutting an estimated $37.2M.
- Joel Greenblatt fully exited Novavax in Q1 2021, selling an estimated $9.66M.
- Joel Greenblatt's ten largest holdings make up 12% of its $2.24B portfolio in Q1 2021.
- Joel Greenblatt opened 177 new positions and closed 182 in Q1 2021.
- Joel Greenblatt's portfolio value fell 26% quarter-over-quarter to $2.24B.
Based on Gotham Asset Management's 13F filing for Q1 2021, filed 17 May 2021.