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 | |
|---|---|---|---|---|---|---|
1176
Eversource Energy
ES
$26.4B
| – | – |
-11,231
| Closed | -$797K |
|
1177
ESCO Technologies
ESE
$7.44B
| – | – |
-6,282
| Closed | -$421K |
|
1178
East-West Bancorp
EWBC
$17.8B
| – | – |
-8,039
| Closed | -$386K |
|
1179
Expedia Group
EXPE
$38.6B
| – | – |
-11,569
| Closed | -$1.38M |
|
1180
Extreme Networks
EXTR
$3B
| – | – |
-14,428
| Closed | -$108K |
|
1181
Freeport-McMoran
FCX
$110B
| – | – |
-14,370
| Closed | -$185K |
|
1182
FirstEnergy
FE
$26.6B
| – | – |
-11,486
| Closed | -$478K |
|
1183
Future Fuel
FF
$244M
| – | – |
-33,225
| Closed | -$445K |
|
|
KYNB
1184
Kyntra Bio
KYNB
$30.4M
| – | – |
-494
| Closed | -$672K |
|
1185
Five Below
FIVE
$13.8B
| – | – |
-3,445
| Closed | -$428K |
|
|
FLNT
1186
Fluent
FLNT
$131M
| – | – |
-1,726
| Closed | -$58K |
|
1187
Floor & Decor
FND
$5.78B
| – | – |
-5,790
| Closed | -$239K |
|
|
FOLD
1188
DELISTED
Amicus Therapeutics
FOLD
| – | – |
-11,047
| Closed | -$150K |
|
1189
Fortuna Silver Mines
FSM
$3.57B
| – | – |
-11,837
| Closed | -$40K |
|
1190
Green Dot
GDOT
$766M
| – | – |
-6,026
| Closed | -$365K |
|
1191
Greif
GEF
$5B
| – | – |
-15,149
| Closed | -$625K |
|
1192
Corning
GLW
$129B
| – | – |
-183,799
| Closed | -$6.08M |
|
1193
Gentex
GNTX
$4.98B
| – | – |
-18,142
| Closed | -$375K |
|
|
GOOS
1194
Canada Goose Holdings
GOOS
$854M
| – | – |
-23,739
| Closed | -$1.14M |
|
1195
Genuine Parts
GPC
$18.5B
| – | – |
-188,393
| Closed | -$21.1M |
|
1196
GoPro
GPRO
$116M
| – | – |
-63,579
| Closed | -$413K |
|
1197
Globalstar
GSAT
$10.7B
| – | – |
-1,071
| Closed | -$7K |
|
1198
Haemonetics
HAE
$4.95B
| – | – |
-18,653
| Closed | -$1.63M |
|
1199
Hain Celestial
HAIN
$71.6M
| – | – |
-13,221
| Closed | -$306K |
|
1200
HNI Corp
HNI
$3.55B
| – | – |
-22,002
| Closed | -$798K |
|
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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.