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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$82.2M |
| 2 |
Conagra Brands
CAG
|
+$63.5M |
| 3 |
Intuit
INTU
|
+$53.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$51.9M |
| 5 |
CVS Health
CVS
|
+$43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Instruments
TXN
|
+$40.5M |
| 2 |
Merck
MRK
|
+$39.5M |
| 3 |
DD
Du Pont De Nemours E I
DD
|
+$38.8M |
| 4 |
Viatris
VTRS
|
+$38.8M |
| 5 |
DaVita
DVA
|
+$37.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Industrials | 19.34% |
| 3 | Healthcare | 18.39% |
| 4 | Consumer Discretionary | 16.87% |
| 5 | Consumer Staples | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Stepan Co
SCL
$1.45B
| – | – |
-23,962
| Closed | -$1.32M |
|
1077
Standard Motor Products
SMP
$863M
| – | – |
-59,976
| Closed | -$2.08M |
|
1078
Spectrum Brands
SPB
$2B
| – | – |
-17,125
| Closed | -$1.87M |
|
1079
Texas Capital Bancshares
TCBI
$4.27B
| – | – |
-6,875
| Closed | -$264K |
|
1080
Teradyne
TER
$58.7B
| – | – |
-196,375
| Closed | -$4.24M |
|
|
THS
1081
DELISTED
Treehouse Foods
THS
| – | – |
-90,547
| Closed | -$7.86M |
|
1082
Interface
TILE
$2.25B
| – | – |
-336,072
| Closed | -$6.23M |
|
1083
Tennant Co
TNC
$1.17B
| – | – |
-10,112
| Closed | -$521K |
|
1084
TriNet
TNET
$3.24B
| – | – |
-47,334
| Closed | -$679K |
|
1085
Trex
TREX
$4.77B
| – | – |
-157,664
| Closed | -$1.89M |
|
1086
TransUnion
TRU
$16.2B
| – | – |
-13,421
| Closed | -$371K |
|
1087
Tenaris
TS
$26.6B
| – | – |
-106,062
| Closed | -$2.63M |
|
1088
TTEC Holdings
TTEC
$67.5M
| – | – |
-65,550
| Closed | -$1.82M |
|
1089
Tetra Tech
TTEK
$9.47B
| – | – |
-955,465
| Closed | -$5.7M |
|
|
TTSH
1090
DELISTED
Tile Shop Holdings
TTSH
| – | – |
-19,888
| Closed | -$297K |
|
1091
UFP Industries
UFPI
$4.9B
| – | – |
-620,568
| Closed | -$17.8M |
|
|
1092
Viatris
VTRS
$18.7B
| – | – |
-837,728
| Closed | -$38.8M |
|
1093
Wendy's
WEN
$1.72B
| – | – |
-39,074
| Closed | -$426K |
|
1094
Westlake Corp
WLK
$10.1B
| – | – |
-169,917
| Closed | -$7.87M |
|
1095
Wolfspeed
WOLF
$1.34B
| – | – |
-45,147
| Closed | -$1.31M |
|
1096
Watts Water Technologies
WTS
$12.5B
| – | – |
-9,914
| Closed | -$547K |
|
|
WW
1097
DELISTED
WW International
WW
| – | – |
-527,081
| Closed | -$7.66M |
|
1098
Wolverine World Wide
WWW
$1.72B
| – | – |
-1,185,300
| Closed | -$21.8M |
|
1099
Weyerhaeuser
WY
$17.6B
| – | – |
-38,103
| Closed | -$1.18M |
|
1100
Dentsply Sirona
XRAY
$2.18B
| – | – |
-412,656
| Closed | -$25.4M |
|
Similar funds
Joel Greenblatt's Q2 2016 Portfolio in Review
As of Q2 2016, Joel Greenblatt held 1,194 positions worth $8.34B, down 6.5% from $8.92B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $527M in Q2 2016, closing 260 positions and reducing 357 holdings. Its most notable exit was Viatris, an estimated $38.8M 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 Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Twenty-First Century Fox, Inc. Class A worth $76.3M.
- Joel Greenblatt's largest Q2 2016 buy was Twenty-First Century Fox, Inc. Class A: 2,822,168 shares worth $76.3M.
- Joel Greenblatt added most to Paramount Global Class B in Q2 2016, an estimated $51.9M increase.
- Joel Greenblatt's biggest Q2 2016 reduction was Texas Instruments, cutting an estimated $40.5M.
- Joel Greenblatt fully exited Viatris in Q2 2016, selling an estimated $38.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $8.34B portfolio in Q2 2016.
- Joel Greenblatt opened 244 new positions and closed 260 in Q2 2016.
- Joel Greenblatt's portfolio value fell 6.5% quarter-over-quarter to $8.34B.
Based on Gotham Asset Management's 13F filing for Q2 2016, filed 15 Aug 2016.