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 |
Phillips 66
PSX
|
+$43.2M |
| 2 |
Booking.com
BKNG
|
+$32.2M |
| 3 |
RTX Corp
RTX
|
+$32.1M |
| 4 |
Pfizer
PFE
|
+$30.2M |
| 5 |
Northrop Grumman
NOC
|
+$25.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$55.3M |
| 2 |
IBM
IBM
|
+$43.1M |
| 3 |
Lowe's Companies
LOW
|
+$36M |
| 4 |
Linde
LIN
|
+$29.1M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.23% |
| 2 | Technology | 15.76% |
| 3 | Healthcare | 12.99% |
| 4 | Consumer Discretionary | 12.18% |
| 5 | Consumer Staples | 10.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
1151
DELISTED
Hess
HES
| – | – |
-8,500
| Closed | -$514K |
|
1152
Hormel Foods
HRL
$13.1B
| – | – |
-14,500
| Closed | -$634K |
|
|
BRSL
1153
Brightstar Lottery PLC
BRSL
$2.21B
| – | – |
-247,106
| Closed | -$3.51M |
|
1154
Imperial Oil
IMO
$66.8B
| – | – |
-15,458
| Closed | -$402K |
|
1155
Intuit
INTU
$100B
| – | – |
-75,229
| Closed | -$20M |
|
1156
Invitation Homes
INVH
$17.9B
| – | – |
-10,135
| Closed | -$300K |
|
|
JWN
1157
DELISTED
Nordstrom
JWN
| – | – |
-68,727
| Closed | -$2.31M |
|
1158
Kelly Services Class A
KELYA
$594M
| – | – |
-11,396
| Closed | -$276K |
|
1159
Korn Ferry
KFY
$4.37B
| – | – |
-58,333
| Closed | -$2.25M |
|
1160
Kinross Gold
KGC
$38.9B
| – | – |
-11,979
| Closed | -$55K |
|
1161
Kennametal
KMT
$2.28B
| – | – |
-7,693
| Closed | -$236K |
|
1162
Knowles
KN
$2.85B
| – | – |
-23,705
| Closed | -$482K |
|
1163
Quaker Houghton
KWR
$2.81B
| – | – |
-3,105
| Closed | -$491K |
|
1164
Lennox International
LII
$13.9B
| – | – |
-843
| Closed | -$205K |
|
1165
LivaNova
LIVN
$4.34B
| – | – |
-50,155
| Closed | -$3.7M |
|
1166
Eli Lilly
LLY
$1.12T
| – | – |
-105,655
| Closed | -$11.8M |
|
1167
Grand Canyon Education
LOPE
$3.84B
| – | – |
-4,599
| Closed | -$452K |
|
1168
Stride
LRN
$3.51B
| – | – |
-9,963
| Closed | -$263K |
|
1169
La-Z-Boy
LZB
$1.35B
| – | – |
-41,320
| Closed | -$1.39M |
|
1170
Markel Group
MKL
$22.2B
| – | – |
-331
| Closed | -$391K |
|
1171
Monro
MNRO
$392M
| – | – |
-3,751
| Closed | -$296K |
|
1172
Mercury Systems
MRCY
$5.49B
| – | – |
-4,897
| Closed | -$397K |
|
1173
Marvell Technology
MRVL
$213B
| – | – |
-371,309
| Closed | -$9.27M |
|
1174
Vail Resorts
MTN
$5.45B
| – | – |
-3,448
| Closed | -$785K |
|
1175
NNN REIT
NNN
$8.8B
| – | – |
-4,206
| Closed | -$237K |
|
Similar funds
Joel Greenblatt's Q4 2019 Portfolio in Review
As of Q4 2019, Joel Greenblatt held 1,290 positions worth $5.45B, down 3.8% from $5.66B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $632M in Q4 2019, closing 203 positions and reducing 508 holdings. Its most notable exit was Celgene Corp, an estimated $55.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Phillips 66 worth $42.8M.
- Joel Greenblatt's largest Q4 2019 buy was Phillips 66: 384,100 shares worth $42.8M.
- Joel Greenblatt added most to Booking.com in Q4 2019, an estimated $32.2M increase.
- Joel Greenblatt's biggest Q4 2019 reduction was IBM, cutting an estimated $43.1M.
- Joel Greenblatt fully exited Celgene Corp in Q4 2019, selling an estimated $55.3M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.45B portfolio in Q4 2019.
- Joel Greenblatt opened 215 new positions and closed 203 in Q4 2019.
- Joel Greenblatt's portfolio value fell 3.8% quarter-over-quarter to $5.45B.
Based on Gotham Asset Management's 13F filing for Q4 2019, filed 14 Feb 2020.