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 |
Amazon
AMZN
|
+$24.8M |
| 2 |
Microsoft
MSFT
|
+$18.9M |
| 3 |
Meta Platforms (Facebook)
META
|
+$18.4M |
| 4 |
Automatic Data Processing
ADP
|
+$17.1M |
| 5 |
Lowe's Companies
LOW
|
+$14.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TJX Companies
TJX
|
+$31M |
| 2 |
RTN
Raytheon Company
RTN
|
+$25.8M |
| 3 |
Chevron
CVX
|
+$24.2M |
| 4 |
Booking.com
BKNG
|
+$21.7M |
| 5 |
Stanley Black & Decker
SWK
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.28% |
| 2 | Industrials | 14.47% |
| 3 | Healthcare | 14.21% |
| 4 | Consumer Discretionary | 13.47% |
| 5 | Consumer Staples | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
JELD-WEN Holding
JELD
$200M
| – | – |
-33,186
| Closed | -$323K |
|
1127
Jones Lang LaSalle
JLL
$17.8B
| – | – |
-2,311
| Closed | -$233K |
|
|
JWN
1128
DELISTED
Nordstrom
JWN
| – | – |
-70,629
| Closed | -$1.08M |
|
|
OPLN
1129
Openlane
OPLN
$4.08B
| – | – |
-11,297
| Closed | -$136K |
|
1130
KeyCorp
KEY
$23.3B
| – | – |
-12,141
| Closed | -$126K |
|
1131
Kforce
KFRC
$1.05B
| – | – |
-12,567
| Closed | -$321K |
|
1132
Kinross Gold
KGC
$38.9B
| – | – |
-261,287
| Closed | -$1.04M |
|
1133
Lithia Motors
LAD
$8.15B
| – | – |
-2,655
| Closed | -$217K |
|
1134
Liberty Energy
LBRT
$3.16B
| – | – |
-10,386
| Closed | -$28K |
|
|
HAPN
1135
Happen Inc
HAPN
$2.13B
| – | – |
-12,607
| Closed | -$99K |
|
1136
Lennox International
LII
$13.9B
| – | – |
-8,130
| Closed | -$1.48M |
|
1137
LivaNova
LIVN
$4.34B
| – | – |
-8,200
| Closed | -$371K |
|
1138
Alliant Energy
LNT
$17.6B
| – | – |
-5,437
| Closed | -$263K |
|
1139
El Pollo Loco
LOCO
$488M
| – | – |
-15,976
| Closed | -$135K |
|
1140
Landstar System
LSTR
$6.33B
| – | – |
-13,030
| Closed | -$1.25M |
|
1141
Las Vegas Sands
LVS
$30.5B
| – | – |
-36,453
| Closed | -$1.55M |
|
1142
Mativ Holdings
MATV
$688M
| – | – |
-34,135
| Closed | -$950K |
|
1143
MBIA
MBI
$250M
| – | – |
-11,232
| Closed | -$80K |
|
1144
Methode Electronics
MEI
$507M
| – | – |
-13,456
| Closed | -$356K |
|
1145
Manulife Financial
MFC
$70.5B
| – | – |
-17,827
| Closed | -$224K |
|
1146
Magnite
MGNI
$3.37B
| – | – |
-11,925
| Closed | -$66K |
|
1147
The Mosaic Company
MOS
$7.76B
| – | – |
-343,324
| Closed | -$3.71M |
|
1148
MSC Industrial Direct
MSM
$6.69B
| – | – |
-6,327
| Closed | -$348K |
|
1149
Navient
NAVI
$886M
| – | – |
-26,299
| Closed | -$199K |
|
1150
NETSCOUT
NTCT
$2.8B
| – | – |
-18,668
| Closed | -$442K |
|
Similar funds
Joel Greenblatt's Q2 2020 Portfolio in Review
As of Q2 2020, Joel Greenblatt held 1,266 positions worth $3.34B, down 7.2% from $3.6B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Joel Greenblatt withdrew a net $964M in Q2 2020, closing 223 positions and reducing 569 holdings. Its most notable exit was TJX Companies, an estimated $31M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 16% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Cardinal Health worth $7.52M.
- Joel Greenblatt's largest Q2 2020 buy was Cardinal Health: 144,065 shares worth $7.52M.
- Joel Greenblatt added most to Amazon in Q2 2020, an estimated $24.8M increase.
- Joel Greenblatt's biggest Q2 2020 reduction was Chevron, cutting an estimated $24.2M.
- Joel Greenblatt fully exited TJX Companies in Q2 2020, selling an estimated $31M.
- Joel Greenblatt's ten largest holdings make up 13% of its $3.34B portfolio in Q2 2020.
- Joel Greenblatt opened 211 new positions and closed 223 in Q2 2020.
- Joel Greenblatt's portfolio value fell 7.2% quarter-over-quarter to $3.34B.
Based on Gotham Asset Management's 13F filing for Q2 2020, filed 13 Aug 2020.