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 |
PayPal
PYPL
|
+$60.9M |
| 2 |
RTN
Raytheon Company
RTN
|
+$48.5M |
| 3 |
IBM
IBM
|
+$48.3M |
| 4 |
Lockheed Martin
LMT
|
+$48.1M |
| 5 |
Constellation Brands
STZ
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$64M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$48.3M |
| 3 |
Boeing
BA
|
+$41.8M |
| 4 |
Automatic Data Processing
ADP
|
+$34.7M |
| 5 |
Home Depot
HD
|
+$34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.44% |
| 2 | Technology | 18.51% |
| 3 | Consumer Discretionary | 15.16% |
| 4 | Healthcare | 13.95% |
| 5 | Consumer Staples | 10.78% |
Similar funds
Joel Greenblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Joel Greenblatt held 1,186 positions worth $6.44B, down 11% from $7.24B the previous quarter. Its ten largest holdings account for 9.5% of the portfolio.
Joel Greenblatt deployed $382M of net new capital in Q4 2018, opening 269 new positions and adding to 355 existing holdings. Its largest new stake was PayPal: 731,138 shares worth $61.5M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 18% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Twenty-First Century Fox, Inc. Class A, an estimated $48.3M trimmed.
- Joel Greenblatt's largest Q4 2018 buy was PayPal: 731,138 shares worth $61.5M.
- Joel Greenblatt added most to Raytheon Company in Q4 2018, an estimated $48.5M increase.
- Joel Greenblatt's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $48.3M.
- Joel Greenblatt fully exited Intuit in Q4 2018, selling an estimated $64M.
- Joel Greenblatt's ten largest holdings make up 9.5% of its $6.44B portfolio in Q4 2018.
- Joel Greenblatt opened 269 new positions and closed 221 in Q4 2018.
- Joel Greenblatt's portfolio value fell 11% quarter-over-quarter to $6.44B.
Based on Gotham Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.