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 |
General Dynamics
GD
|
+$58M |
| 2 |
Wells Fargo
WFC
|
+$39.8M |
| 3 |
Northrop Grumman
NOC
|
+$39.6M |
| 4 |
Pfizer
PFE
|
+$37.2M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.8M |
| 2 |
Cigna
CI
|
+$42M |
| 3 |
Altria Group
MO
|
+$28.5M |
| 4 |
Philip Morris
PM
|
+$28.3M |
| 5 |
Parker-Hannifin
PH
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Industrials | 18.96% |
| 3 | Consumer Discretionary | 15.28% |
| 4 | Healthcare | 13.64% |
| 5 | Consumer Staples | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DF
1151
DELISTED
Dean Foods Company
DF
| $60K | ﹤0.01% |
+19,862
| New | +$79.9K |
|
|
ASXC
1152
DELISTED
Asensus Surgical, Inc.
ASXC
| $59K | ﹤0.01% |
+1,896
| New | +$63.5K |
|
|
FLNT
1153
Fluent
FLNT
$131M
| $58K | ﹤0.01% |
1,726
-1,231
| -42% | -$36.3K |
|
1154
NovaGold Resources
NG
$3.83B
| $46K | ﹤0.01% |
+10,912
| New | +$43K |
|
1155
Barnes & Noble Education
BNED
$418M
| $44K | ﹤0.01% |
+104
| New | +$56.4K |
|
1156
Civeo
CVEO
$357M
| $44K | ﹤0.01% |
+1,743
| New | +$47.4K |
|
1157
Fortuna Silver Mines
FSM
$3.57B
| $40K | ﹤0.01% |
+11,837
| New | +$43.8K |
|
1158
Stagwell
STGW
$2.13B
| $26K | ﹤0.01% |
+11,531
| New | +$31.6K |
|
|
NGD
1159
DELISTED
New Gold Inc
NGD
| $23K | ﹤0.01% |
+26,843
| New | +$26.3K |
|
1160
Globalstar
GSAT
$10.7B
| $7K | ﹤0.01% |
1,071
-1,190
| -53% | -$10.1K |
|
1161
Adient
ADNT
$1.54B
| – | – |
-66,902
| Closed | -$1.01M |
|
1162
Argan
AGX
$7.03B
| – | – |
-19,324
| Closed | -$731K |
|
1163
Alamo Group
ALG
$2B
| – | – |
-3,004
| Closed | -$232K |
|
1164
Alaska Air
ALK
$4.51B
| – | – |
-164,571
| Closed | -$10M |
|
1165
Ameriprise Financial
AMP
$49.1B
| – | – |
-4,397
| Closed | -$459K |
|
1166
AutoNation
AN
$6.6B
| – | – |
-13,427
| Closed | -$479K |
|
1167
Apogee Enterprises
APOG
$868M
| – | – |
-7,062
| Closed | -$211K |
|
1168
Bread Financial
BFH
$4.07B
| – | – |
-52,000
| Closed | -$6.23M |
|
1169
Broadridge
BR
$20.8B
| – | – |
-30,115
| Closed | -$2.9M |
|
1170
Chubb
CB
$132B
| – | – |
-14,639
| Closed | -$1.89M |
|
1171
Cabot Corp
CBT
$4.4B
| – | – |
-40,898
| Closed | -$1.76M |
|
1172
Coeur Mining
CDE
$21.6B
| – | – |
-11,734
| Closed | -$52K |
|
1173
Central Garden & Pet Co Class A
CENTA
$2.41B
| – | – |
-12,338
| Closed | -$308K |
|
1174
Chemed
CHE
$7.07B
| – | – |
-1,057
| Closed | -$299K |
|
|
1175
Cigna
CI
$73.3B
| – | – |
-221,113
| Closed | -$42M |
|
Similar funds
Joel Greenblatt's Q1 2019 Portfolio in Review
As of Q1 2019, Joel Greenblatt held 1,284 positions worth $6.83B, up 6.1% from $6.44B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Joel Greenblatt withdrew a net $437M in Q1 2019, closing 124 positions and reducing 485 holdings. Its most notable exit was Cigna, an estimated $42M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in General Dynamics worth $58.2M.
- Joel Greenblatt's largest Q1 2019 buy was General Dynamics: 343,980 shares worth $58.2M.
- Joel Greenblatt added most to Wells Fargo in Q1 2019, an estimated $39.8M increase.
- Joel Greenblatt's biggest Q1 2019 reduction was RTX Corp, cutting an estimated $59.8M.
- Joel Greenblatt fully exited Cigna in Q1 2019, selling an estimated $42M.
- Joel Greenblatt's ten largest holdings make up 10% of its $6.83B portfolio in Q1 2019.
- Joel Greenblatt opened 319 new positions and closed 124 in Q1 2019.
- Joel Greenblatt's portfolio value rose 6.1% quarter-over-quarter to $6.83B.
Based on Gotham Asset Management's 13F filing for Q1 2019, filed 15 May 2019.