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 |
Snowflake
SNOW
|
+$70.2M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$41.9M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$39.1M |
| 4 |
Adobe
ADBE
|
+$12.8M |
| 5 |
Centene
CNC
|
+$9.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$12.1M |
| 2 |
Intuit
INTU
|
+$10.8M |
| 3 |
Oracle
ORCL
|
+$7.36M |
| 4 |
Marathon Petroleum
MPC
|
+$6.57M |
| 5 |
TJX Companies
TJX
|
+$6.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.15% |
| 2 | Healthcare | 12.06% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 9.54% |
| 5 | Financials | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Manulife Financial
MFC
$70.5B
| $163K | ﹤0.01% |
+10,416
| New | +$183K |
|
1102
Clarivate
CLVT
$1.33B
| $159K | ﹤0.01% |
+16,945
| New | +$214K |
|
1103
Opendoor
OPEN
$3.43B
| $159K | ﹤0.01% |
52,927
+26,971
| +104% | +$124K |
|
1104
Sunstone Hotel Investors
SHO
$2.1B
| $157K | ﹤0.01% |
16,675
+4,930
| +42% | +$53.3K |
|
1105
CoreCivic
CXW
$3.36B
| $155K | ﹤0.01% |
17,519
-2,684
| -13% | -$27.1K |
|
1106
Macerich
MAC
$6.91B
| $154K | ﹤0.01% |
19,446
+2,247
| +13% | +$21.8K |
|
1107
First Advantage
FA
$3.59B
| $147K | ﹤0.01% |
+11,446
| New | +$159K |
|
|
SVC
1108
Service Properties Trust
SVC
$1.05B
| $143K | ﹤0.01% |
+5,518
| New | +$183K |
|
1109
Century Aluminum
CENX
$4.35B
| $138K | ﹤0.01% |
+26,219
| New | +$199K |
|
1110
SFL Corp
SFL
$1.65B
| $138K | ﹤0.01% |
15,124
+1
| +0% | +$10 |
|
1111
Modine Manufacturing
MOD
$10.5B
| $137K | ﹤0.01% |
+10,621
| New | +$149K |
|
1112
Diamondrock Hospitality Co
DRH
$2.62B
| $131K | ﹤0.01% |
17,478
+1,825
| +12% | +$16.1K |
|
1113
The GEO Group
GEO
$4.31B
| $131K | ﹤0.01% |
17,026
-18,077
| -51% | -$133K |
|
1114
Xerox
XRX
$381M
| $131K | ﹤0.01% |
10,041
-18,112
| -64% | -$293K |
|
|
HBI
1115
DELISTED
Hanesbrands
HBI
| $130K | ﹤0.01% |
18,712
-37,376
| -67% | -$367K |
|
|
PR
1116
Permian Resources
PR
$19.9B
| $125K | ﹤0.01% |
18,385
-34,595
| -65% | -$239K |
|
|
VGR
1117
DELISTED
Vector Group Ltd.
VGR
| $122K | ﹤0.01% |
13,858
-12,535
| -47% | -$127K |
|
|
NGD
1118
DELISTED
New Gold Inc
NGD
| $121K | ﹤0.01% |
137,063
-558,367
| -80% | -$442K |
|
|
SCPL
1119
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $121K | ﹤0.01% |
10,323
-8,250
| -44% | -$103K |
|
1120
Prospect Capital
PSEC
$1.17B
| $120K | ﹤0.01% |
19,301
-621
| -3% | -$4.64K |
|
|
SLI
1121
Standard Lithium
SLI
$612M
| $115K | ﹤0.01% |
26,463
+1,978
| +8% | +$10.4K |
|
|
SAFE
1122
Safehold
SAFE
$1.09B
| $112K | ﹤0.01% |
2,493
-210
| -8% | -$14.6K |
|
1123
Frontier Group Holdings
ULCC
$1.37B
| $109K | ﹤0.01% |
+11,277
| New | +$138K |
|
|
AIV
1124
Aimco
AIV
$381M
| $105K | ﹤0.01% |
+14,425
| New | +$118K |
|
1125
GoodRx Holdings
GDRX
$1.18B
| $105K | ﹤0.01% |
+22,471
| New | +$142K |
|
Similar funds
Joel Greenblatt's Q3 2022 Portfolio in Review
As of Q3 2022, Joel Greenblatt held 1,300 positions worth $3.34B, up 7.2% from $3.11B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Joel Greenblatt deployed $425M of net new capital in Q3 2022, opening 196 new positions and adding to 563 existing holdings. Its largest new stake was Snowflake: 423,947 shares worth $72.1M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was PayPal, an estimated $12.1M trimmed.
- Joel Greenblatt's largest Q3 2022 buy was Snowflake: 423,947 shares worth $72.1M.
- Joel Greenblatt added most to iShares Core S&P 500 ETF in Q3 2022, an estimated $41.9M increase.
- Joel Greenblatt's biggest Q3 2022 reduction was PayPal, cutting an estimated $12.1M.
- Joel Greenblatt fully exited Warner Bros in Q3 2022, selling an estimated $6.45M.
- Joel Greenblatt's ten largest holdings make up 23% of its $3.34B portfolio in Q3 2022.
- Joel Greenblatt opened 196 new positions and closed 144 in Q3 2022.
- Joel Greenblatt's portfolio value rose 7.2% quarter-over-quarter to $3.34B.
Based on Gotham Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.