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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
GFL Environmental
GFL
$14.8B
| $243K | 0.01% |
7,642
-5,207
| -41% | -$179K |
|
1177
Albemarle
ALB
$16.9B
| $242K | 0.01% |
+1,422
| New | +$283K |
|
|
PRFT
1178
DELISTED
Perficient Inc
PRFT
| $241K | 0.01% |
4,165
-9,922
| -70% | -$679K |
|
1179
Pricesmart
PSMT
$5.33B
| $241K | 0.01% |
3,233
-7,803
| -71% | -$602K |
|
1180
Thryv Holdings
THRY
$92.4M
| $239K | ﹤0.01% |
12,756
+3,036
| +31% | +$67.3K |
|
|
SILV
1181
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
| $239K | ﹤0.01% |
+54,219
| New | +$276K |
|
1182
UMB Financial
UMBF
$11B
| $239K | ﹤0.01% |
3,847
-189
| -5% | -$12.3K |
|
1183
Grand Canyon Education
LOPE
$3.84B
| $239K | ﹤0.01% |
2,042
-1,695
| -45% | -$188K |
|
1184
Ormat Technologies
ORA
$6.67B
| $238K | ﹤0.01% |
3,398
-6,478
| -66% | -$502K |
|
1185
Cohu
COHU
$2.57B
| $237K | ﹤0.01% |
+6,886
| New | +$259K |
|
1186
Cimpress
CMPR
$2.13B
| $237K | ﹤0.01% |
+3,381
| New | +$224K |
|
1187
Innoviva
INVA
$1.52B
| $236K | ﹤0.01% |
18,201
+2,181
| +14% | +$28.3K |
|
1188
Pinnacle Financial Partners Inc
PNFP
$15.5B
| $236K | ﹤0.01% |
3,524
-1,772
| -33% | -$120K |
|
|
FSR
1189
DELISTED
Fisker Inc.
FSR
| $236K | ﹤0.01% |
36,761
+4,085
| +13% | +$24.8K |
|
|
SWAV
1190
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $236K | ﹤0.01% |
1,185
-2,520
| -68% | -$596K |
|
1191
Telus
TU
$15.6B
| $235K | ﹤0.01% |
+14,376
| New | +$253K |
|
1192
United Parks & Resorts
PRKS
$2.06B
| $234K | ﹤0.01% |
5,067
-256
| -5% | -$13K |
|
1193
Essent Group
ESNT
$6.12B
| $233K | ﹤0.01% |
4,935
-4,053
| -45% | -$201K |
|
1194
Uranium Energy
UEC
$6.31B
| $233K | ﹤0.01% |
+45,273
| New | +$184K |
|
1195
Penske Automotive Group
PAG
$14.2B
| $232K | ﹤0.01% |
1,390
-456
| -25% | -$76.3K |
|
1196
BellRing Brands
BRBR
$1.18B
| $231K | ﹤0.01% |
+5,609
| New | +$215K |
|
|
RDFN
1197
DELISTED
Redfin
RDFN
| $231K | ﹤0.01% |
32,779
+4,870
| +17% | +$53.5K |
|
1198
Embecta
EMBC
$296M
| $231K | ﹤0.01% |
+15,328
| New | +$287K |
|
1199
Arlo Technologies
ARLO
$1.41B
| $229K | ﹤0.01% |
22,206
+5,893
| +36% | +$62.6K |
|
1200
Cathay General Bancorp
CATY
$4.16B
| $228K | ﹤0.01% |
6,569
-315
| -5% | -$11.2K |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.