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 | |
|---|---|---|---|---|---|---|
1076
E.W. Scripps
SSP
$303M
| – | – |
-46,269
| Closed | -$1.08M |
|
1077
Suncor Energy
SU
$80B
| – | – |
-150,796
| Closed | -$4.64M |
|
1078
Smith & Wesson
SWBI
$632M
| – | – |
-20,465
| Closed | -$312K |
|
1079
Stryker
SYK
$126B
| – | – |
-57,072
| Closed | -$7.51M |
|
1080
Tidewater
TDW
$4.74B
| – | – |
-389
| Closed | -$14K |
|
1081
Team
TISI
$104M
| – | – |
-2,237
| Closed | -$605K |
|
1082
Teekay
TK
$1.16B
| – | – |
-180,642
| Closed | -$1.65M |
|
1083
Tennant Co
TNC
$1.17B
| – | – |
-6,556
| Closed | -$476K |
|
1084
Trex
TREX
$4.77B
| – | – |
-110,204
| Closed | -$1.91M |
|
1085
Trimble
TRMB
$14B
| – | – |
-22,308
| Closed | -$714K |
|
|
TRUE
1086
DELISTED
TrueCar
TRUE
| – | – |
-22,762
| Closed | -$352K |
|
1087
Tractor Supply
TSCO
$18.2B
| – | – |
-1,012,965
| Closed | -$14M |
|
1088
Tyler Technologies
TYL
$14.4B
| – | – |
-23,172
| Closed | -$3.58M |
|
1089
Under Armour Class C
UA
$2.25B
| – | – |
-629,398
| Closed | -$11.5M |
|
1090
Ubiquiti
UI
$33.8B
| – | – |
-4,059
| Closed | -$204K |
|
1091
Ulta Beauty
ULTA
$22.4B
| – | – |
-1,149
| Closed | -$328K |
|
1092
Vornado Realty Trust
VNO
$7.07B
| – | – |
-11,450
| Closed | -$928K |
|
1093
Vera Bradley
VRA
$89.6M
| – | – |
-23,979
| Closed | -$223K |
|
|
WCN
1094
Waste Connections
WCN
$42.6B
| – | – |
-7,679
| Closed | -$452K |
|
1095
Welltower
WELL
$172B
| – | – |
-5,918
| Closed | -$419K |
|
1096
Wendy's
WEN
$1.72B
| – | – |
-342,922
| Closed | -$4.67M |
|
1097
WEX
WEX
$6.81B
| – | – |
-90,808
| Closed | -$9.4M |
|
1098
Wingstop
WING
$3.14B
| – | – |
-21,347
| Closed | -$604K |
|
1099
Weis Markets
WMK
$1.76B
| – | – |
-4,067
| Closed | -$243K |
|
1100
Advanced Drainage Systems
WMS
$10.8B
| – | – |
-10,875
| Closed | -$238K |
|
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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.