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
|
+$45.1M |
| 2 |
Cisco
CSCO
|
+$38.8M |
| 3 |
Oracle
ORCL
|
+$37M |
| 4 |
DuPont de Nemours
DD
|
+$36.5M |
| 5 |
Eli Lilly
LLY
|
+$30.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$61.2M |
| 2 |
Wells Fargo
WFC
|
+$52.2M |
| 3 |
Amazon
AMZN
|
+$49.5M |
| 4 |
Chemours
CC
|
+$49.3M |
| 5 |
Pfizer
PFE
|
+$44.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.09% |
| 2 | Industrials | 17.32% |
| 3 | Healthcare | 15.49% |
| 4 | Consumer Discretionary | 13.3% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRY
1076
DELISTED
Berry Corp
BRY
| $191K | ﹤0.01% |
+18,035
| New | +$204K |
|
|
CVA
1077
DELISTED
Covanta Holding Corporation
CVA
| $185K | ﹤0.01% |
10,348
-101
| -1% | -$1.78K |
|
1078
Surgery Partners
SGRY
$1.9B
| $173K | ﹤0.01% |
21,216
+1,877
| +10% | +$18.7K |
|
1079
Evolus
EOLS
$554M
| $171K | ﹤0.01% |
+11,723
| New | +$232K |
|
|
CNSL
1080
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $170K | ﹤0.01% |
+34,467
| New | +$220K |
|
1081
OR Royalties Inc
OR
$6.76B
| $169K | ﹤0.01% |
+16,204
| New | +$172K |
|
1082
Vodafone
VOD
$36.9B
| $165K | ﹤0.01% |
10,114
-2
| -0% | -$34 |
|
|
NE
1083
DELISTED
Noble Corporation
NE
| $165K | ﹤0.01% |
88,164
-171,587
| -66% | -$403K |
|
|
UNIT
1084
Uniti Group
UNIT
$2.42B
| $163K | ﹤0.01% |
+17,116
| New | +$187K |
|
1085
Green Plains
GPRE
$1.14B
| $160K | ﹤0.01% |
+14,809
| New | +$220K |
|
1086
National CineMedia
NCMI
$239M
| $160K | ﹤0.01% |
2,444
-522
| -18% | -$36.7K |
|
|
HEXO
1087
DELISTED
HEXO Corp. Common Shares
HEXO
| $156K | ﹤0.01% |
525
+329
| +168% | +$122K |
|
1088
Community Health Systems
CYH
$424M
| $153K | ﹤0.01% |
57,454
-52,455
| -48% | -$166K |
|
1089
Arbor Realty Trust
ABR
$968M
| $150K | ﹤0.01% |
+12,413
| New | +$161K |
|
|
PRTY
1090
DELISTED
Party City Holdco Inc.
PRTY
| $140K | ﹤0.01% |
+19,039
| New | +$145K |
|
|
ASRT
1091
DELISTED
Assertio
ASRT
| $138K | ﹤0.01% |
668
+18
| +3% | +$4.29K |
|
1092
Cato Corp
CATO
$58.3M
| $133K | ﹤0.01% |
+10,766
| New | +$147K |
|
|
HMHC
1093
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $126K | ﹤0.01% |
21,916
-24,226
| -53% | -$161K |
|
|
VG
1094
DELISTED
Vonage Holdings Corporation
VG
| $125K | ﹤0.01% |
10,989
-90,799
| -89% | -$983K |
|
|
GOGL
1095
DELISTED
Golden Ocean Group
GOGL
| $120K | ﹤0.01% |
20,577
-5,696
| -22% | -$29.8K |
|
1096
Cenovus Energy
CVE
$60.7B
| $119K | ﹤0.01% |
13,497
-207,470
| -94% | -$1.87M |
|
1097
Ezcorp Inc
EZPW
$1.98B
| $110K | ﹤0.01% |
11,564
-4,423
| -28% | -$43.1K |
|
1098
Hudbay
HBM
$13.4B
| $95K | ﹤0.01% |
17,634
-5,093
| -22% | -$30.2K |
|
1099
Radiant Logistics
RLGT
$395M
| $95K | ﹤0.01% |
15,431
+4,905
| +47% | +$32K |
|
|
MOBL
1100
DELISTED
MobileIron, Inc.
MOBL
| $87K | ﹤0.01% |
+14,083
| New | +$79.7K |
|
Similar funds
Joel Greenblatt's Q2 2019 Portfolio in Review
As of Q2 2019, Joel Greenblatt held 1,366 positions worth $6.27B, down 8.2% from $6.83B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $642M in Q2 2019, closing 251 positions and reducing 489 holdings. Its most notable exit was Chemours, an estimated $49.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $46.3M.
- Joel Greenblatt's largest Q2 2019 buy was Intuit: 177,339 shares worth $46.3M.
- Joel Greenblatt added most to Cisco in Q2 2019, an estimated $38.8M increase.
- Joel Greenblatt's biggest Q2 2019 reduction was PayPal, cutting an estimated $61.2M.
- Joel Greenblatt fully exited Chemours in Q2 2019, selling an estimated $49.3M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.27B portfolio in Q2 2019.
- Joel Greenblatt opened 206 new positions and closed 251 in Q2 2019.
- Joel Greenblatt's portfolio value fell 8.2% quarter-over-quarter to $6.27B.
Based on Gotham Asset Management's 13F filing for Q2 2019, filed 14 Aug 2019.