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 |
PayPal
PYPL
|
+$60.9M |
| 2 |
RTN
Raytheon Company
RTN
|
+$48.5M |
| 3 |
IBM
IBM
|
+$48.3M |
| 4 |
Lockheed Martin
LMT
|
+$48.1M |
| 5 |
Constellation Brands
STZ
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$64M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$48.3M |
| 3 |
Boeing
BA
|
+$41.8M |
| 4 |
Automatic Data Processing
ADP
|
+$34.7M |
| 5 |
Home Depot
HD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.44% |
| 2 | Technology | 18.51% |
| 3 | Consumer Discretionary | 15.16% |
| 4 | Healthcare | 13.95% |
| 5 | Consumer Staples | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1076
Performance Food Group
PFGC
$16.5B
| – | – |
-30,865
| Closed | -$1.03M |
|
1077
ePlus
PLUS
$2.27B
| – | – |
-5,316
| Closed | -$246K |
|
1078
Quanta Services
PWR
$96.1B
| – | – |
-61,538
| Closed | -$2.05M |
|
1079
Papa John's
PZZA
$788M
| – | – |
-76,401
| Closed | -$3.92M |
|
1080
Restaurant Brands International
QSR
$28.2B
| – | – |
-48,348
| Closed | -$2.87M |
|
1081
Quad
QUAD
$532M
| – | – |
-27,602
| Closed | -$575K |
|
1082
Roper Technologies
ROP
$40.7B
| – | – |
-2,894
| Closed | -$857K |
|
1083
Sonic Automotive
SAH
$2.45B
| – | – |
-19,193
| Closed | -$371K |
|
1084
Scholastic
SCHL
$757M
| – | – |
-14,925
| Closed | -$697K |
|
1085
SFL Corp
SFL
$1.65B
| – | – |
-134,768
| Closed | -$1.87M |
|
1086
SiriusXM
SIRI
$9.67B
| – | – |
-12,156
| Closed | -$768K |
|
1087
Synopsys
SNPS
$76.2B
| – | – |
-49,322
| Closed | -$4.86M |
|
|
SPTN
1088
DELISTED
SpartanNash
SPTN
| – | – |
-17,118
| Closed | -$343K |
|
1089
SS&C Technologies
SSNC
$19.5B
| – | – |
-25,861
| Closed | -$1.47M |
|
1090
Sensata Technologies
ST
$6.23B
| – | – |
-53,873
| Closed | -$2.67M |
|
1091
Stratasys
SSYS
$692M
| – | – |
-11,111
| Closed | -$257K |
|
1092
Smith & Wesson
SWBI
$632M
| – | – |
-132,623
| Closed | -$1.58M |
|
1093
Standex International
SXI
$3.76B
| – | – |
-4,952
| Closed | -$516K |
|
1094
Stryker
SYK
$126B
| – | – |
-13,070
| Closed | -$2.32M |
|
|
TBI
1095
Trueblue
TBI
$323M
| – | – |
-14,671
| Closed | -$382K |
|
1096
Terex
TEX
$7.6B
| – | – |
-62,452
| Closed | -$2.49M |
|
|
TGI
1097
DELISTED
Triumph Group
TGI
| – | – |
-11,135
| Closed | -$259K |
|
1098
Timken Company
TKR
$8.67B
| – | – |
-8,989
| Closed | -$448K |
|
1099
Tennant Co
TNC
$1.17B
| – | – |
-7,808
| Closed | -$593K |
|
1100
Toro Company
TTC
$9.47B
| – | – |
-57,531
| Closed | -$3.45M |
|
Similar funds
Joel Greenblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Joel Greenblatt held 1,186 positions worth $6.44B, down 11% from $7.24B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Joel Greenblatt deployed $382M of net new capital in Q4 2018, opening 269 new positions and adding to 355 existing holdings. Its largest new stake was PayPal: 731,138 shares worth $61.5M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Twenty-First Century Fox, Inc. Class A, an estimated $48.3M trimmed.
- Joel Greenblatt's largest Q4 2018 buy was PayPal: 731,138 shares worth $61.5M.
- Joel Greenblatt added most to Raytheon Company in Q4 2018, an estimated $48.5M increase.
- Joel Greenblatt's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $48.3M.
- Joel Greenblatt fully exited Intuit in Q4 2018, selling an estimated $64M.
- Joel Greenblatt's ten largest holdings make up 9.5% of its $6.44B portfolio in Q4 2018.
- Joel Greenblatt opened 269 new positions and closed 221 in Q4 2018.
- Joel Greenblatt's portfolio value fell 11% quarter-over-quarter to $6.44B.
Based on Gotham Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.