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 | |
|---|---|---|---|---|---|---|
1151
CONMED
CNMD
$1.53B
| – | – |
-11,460
| Closed | -$953K |
|
1152
CenterPoint Energy
CNP
$25.5B
| – | – |
-16,670
| Closed | -$512K |
|
1153
Coherent
COHR
$56.7B
| – | – |
-12,899
| Closed | -$480K |
|
1154
Cohu
COHU
$2.57B
| – | – |
-15,217
| Closed | -$224K |
|
1155
Americold
COLD
$4.35B
| – | – |
-8,557
| Closed | -$261K |
|
1156
Cooper Companies
COO
$14.9B
| – | – |
-20,272
| Closed | -$1.5M |
|
1157
Copart
CPRT
$31.3B
| – | – |
-93,452
| Closed | -$1.42M |
|
|
CRON
1158
Cronos Group
CRON
$1.22B
| – | – |
-19,050
| Closed | -$351K |
|
1159
Crocs
CROX
$5.85B
| – | – |
-206,933
| Closed | -$5.33M |
|
1160
Cirrus Logic
CRUS
$5.78B
| – | – |
-10,566
| Closed | -$445K |
|
1161
CorVel
CRVL
$3.54B
| – | – |
-11,232
| Closed | -$244K |
|
|
CSW
1162
CSW Industrials
CSW
$5.38B
| – | – |
-4,067
| Closed | -$233K |
|
1163
Cousins Properties
CUZ
$4.89B
| – | – |
-6,289
| Closed | -$243K |
|
1164
Civeo
CVEO
$357M
| – | – |
-1,743
| Closed | -$44K |
|
1165
Designer Brands
DBI
$292M
| – | – |
-22,302
| Closed | -$496K |
|
1166
Deere & Co
DE
$175B
| – | – |
-2,779
| Closed | -$444K |
|
|
DENN
1167
DELISTED
Denny's
DENN
| – | – |
-12,558
| Closed | -$230K |
|
1168
DaVita
DVA
$11.1B
| – | – |
-18,669
| Closed | -$1.01M |
|
1169
DXP Enterprises
DXPE
$2.95B
| – | – |
-5,904
| Closed | -$230K |
|
1170
Ecolab
ECL
$78.9B
| – | – |
-17,327
| Closed | -$3.06M |
|
1171
Consolidated Edison
ED
$39.3B
| – | – |
-9,761
| Closed | -$828K |
|
1172
Encompass Health
EHC
$11.9B
| – | – |
-28,311
| Closed | -$1.31M |
|
1173
EOG Resources
EOG
$80.3B
| – | – |
-2,604
| Closed | -$248K |
|
1174
Equitable Holdings
EQH
$13.3B
| – | – |
-14,573
| Closed | -$294K |
|
1175
Equinix
EQIX
$105B
| – | – |
-724
| Closed | -$328K |
|
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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.