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 |
EOG Resources
EOG
|
+$19.5M |
| 2 |
Broadcom
AVGO
|
+$12.6M |
| 3 |
Intuit
INTU
|
+$12.1M |
| 4 |
Tyson Foods
TSN
|
+$12M |
| 5 |
Humana
HUM
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$23M |
| 2 |
Biogen
BIIB
|
+$19.2M |
| 3 |
Apple
AAPL
|
+$16.6M |
| 4 |
Pfizer
PFE
|
+$15.6M |
| 5 |
AbbVie
ABBV
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.34% |
| 2 | Consumer Discretionary | 15.98% |
| 3 | Industrials | 14.14% |
| 4 | Healthcare | 12.08% |
| 5 | Consumer Staples | 8.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
SLM Corp
SLM
$4.97B
| – | – |
-20,760
| Closed | -$146K |
|
1127
Semtech
SMTC
$11.6B
| – | – |
-5,970
| Closed | -$312K |
|
1128
Sempra
SRE
$54.2B
| – | – |
-22,110
| Closed | -$1.3M |
|
1129
STAAR Surgical
STAA
$1.16B
| – | – |
-3,723
| Closed | -$229K |
|
1130
Supernus Pharmaceuticals
SUPN
$2.67B
| – | – |
-10,812
| Closed | -$257K |
|
1131
Teck Resources
TECK
$33.9B
| – | – |
-177,813
| Closed | -$1.85M |
|
1132
Terex
TEX
$7.6B
| – | – |
-41,002
| Closed | -$770K |
|
|
TGI
1133
DELISTED
Triumph Group
TGI
| – | – |
-15,837
| Closed | -$143K |
|
1134
Interface
TILE
$2.25B
| – | – |
-16,295
| Closed | -$133K |
|
1135
Tapestry
TPR
$26B
| – | – |
-284,719
| Closed | -$3.78M |
|
1136
Tootsie Roll Industries
TR
$3.08B
| – | – |
-11,349
| Closed | -$326K |
|
1137
Twilio
TWLO
$34.6B
| – | – |
-3,120
| Closed | -$685K |
|
1138
UDR
UDR
$12.1B
| – | – |
-12,262
| Closed | -$458K |
|
1139
Universal Electronics
UEIC
$62.5M
| – | – |
-7,017
| Closed | -$329K |
|
1140
Veritone
VERI
$86.3M
| – | – |
-14,940
| Closed | -$222K |
|
1141
Vermilion Energy
VET
$1.95B
| – | – |
-43,425
| Closed | -$194K |
|
1142
VF Corp
VFC
$5.65B
| – | – |
-67,958
| Closed | -$4.14M |
|
1143
Valvoline
VVV
$4.33B
| – | – |
-55,252
| Closed | -$1.07M |
|
|
VXRT
1144
DELISTED
Vaxart
VXRT
| – | – |
-11,048
| Closed | -$98K |
|
|
WCN
1145
Waste Connections
WCN
$42.6B
| – | – |
-11,383
| Closed | -$1.07M |
|
1146
Workiva
WK
$4.07B
| – | – |
-4,623
| Closed | -$247K |
|
1147
Workhorse Group
WKHS
$35.3M
| – | – |
-4
| Closed | -$226K |
|
1148
Weis Markets
WMK
$1.76B
| – | – |
-8,194
| Closed | -$411K |
|
1149
Willis Towers Watson
WTW
$31.8B
| – | – |
-15,149
| Closed | -$2.98M |
|
1150
ExxonMobil
XOM
$679B
| – | – |
-281,756
| Closed | -$12.6M |
|
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Joel Greenblatt's Q3 2020 Portfolio in Review
As of Q3 2020, Joel Greenblatt held 1,183 positions worth $3.11B, down 6.8% from $3.34B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Joel Greenblatt withdrew a net $465M in Q3 2020, closing 172 positions and reducing 541 holdings. Its most notable exit was Southwest Airlines, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Joel Greenblatt opened a new position in Wingstop worth $6.01M.
- Joel Greenblatt's largest Q3 2020 buy was Wingstop: 43,971 shares worth $6.01M.
- Joel Greenblatt added most to EOG Resources in Q3 2020, an estimated $19.5M increase.
- Joel Greenblatt's biggest Q3 2020 reduction was Medtronic, cutting an estimated $23M.
- Joel Greenblatt fully exited Southwest Airlines in Q3 2020, selling an estimated $14.5M.
- Joel Greenblatt's ten largest holdings make up 13% of its $3.11B portfolio in Q3 2020.
- Joel Greenblatt opened 140 new positions and closed 172 in Q3 2020.
- Joel Greenblatt's portfolio value fell 6.8% quarter-over-quarter to $3.11B.
Based on Gotham Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.