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 |
Trane Technologies
TT
|
+$52.9M |
| 2 |
CVS Health
CVS
|
+$49.8M |
| 3 |
Booking.com
BKNG
|
+$46.8M |
| 4 |
Philip Morris
PM
|
+$42.5M |
| 5 |
Abbott
ABT
|
+$40.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hewlett Packard
HPE
|
+$82M |
| 2 |
Sysco
SYY
|
+$54.1M |
| 3 |
Marriott International
MAR
|
+$50.1M |
| 4 |
Automatic Data Processing
ADP
|
+$49.8M |
| 5 |
Walt Disney
DIS
|
+$48.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.86% |
| 2 | Technology | 19.39% |
| 3 | Healthcare | 17.75% |
| 4 | Consumer Discretionary | 16.26% |
| 5 | Consumer Staples | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Cooper Companies
COO
$14.9B
| $23.4M | 0.3% |
534,724
+477,388
| +833% | +$20.9M |
|
|
HAR
102
DELISTED
Harman International Industries
HAR
| $23.1M | 0.3% |
207,690
-178,080
| -46% | -$17.2M |
|
103
AT&T
T
$173B
| $22.9M | 0.29% |
711,633
-498,941
| -41% | -$14.7M |
|
104
Robert Half
RHI
$4.58B
| $22.7M | 0.29% |
465,169
-47,033
| -9% | -$2.01M |
|
|
ARRS
105
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $22.6M | 0.29% |
+750,445
| New | +$21.8M |
|
106
TE Connectivity
TEL
$58.9B
| $22.6M | 0.29% |
325,823
-113,325
| -26% | -$7.51M |
|
107
Lowe's Companies
LOW
$121B
| $22.4M | 0.29% |
314,601
-295,031
| -48% | -$20.9M |
|
108
IQVIA
IQV
$42.8B
| $22.4M | 0.29% |
294,178
+52,524
| +22% | +$4.03M |
|
|
109
Walt Disney
DIS
$186B
| $22.3M | 0.29% |
213,844
-495,728
| -70% | -$48.3M |
|
110
Warner Bros
WBD
$71.6B
| $22.2M | 0.29% |
811,148
+9,239
| +1% | +$251K |
|
111
Restaurant Brands International
QSR
$28.2B
| $22.2M | 0.29% |
466,363
+442,615
| +1,864% | +$20.4M |
|
112
Packaging Corp of America
PKG
$22.5B
| $22.2M | 0.29% |
261,975
-73,309
| -22% | -$6.15M |
|
|
GAP
113
The Gap Inc
GAP
$7.13B
| $22M | 0.28% |
979,340
-552,465
| -36% | -$14.2M |
|
114
ScottsMiracle-Gro
SMG
$3.55B
| $21.9M | 0.28% |
229,613
+130,391
| +131% | +$11.7M |
|
|
TSE
115
DELISTED
Trinseo
TSE
| $21.8M | 0.28% |
367,534
+64,839
| +21% | +$3.64M |
|
116
American Airlines Group
AAL
$9.15B
| $21.7M | 0.28% |
465,159
+282,357
| +154% | +$12.3M |
|
117
Quest Diagnostics
DGX
$27B
| $21.5M | 0.28% |
234,372
-73,848
| -24% | -$6.36M |
|
118
Best Buy
BBY
$18.1B
| $21.4M | 0.28% |
501,089
-8,026
| -2% | -$341K |
|
|
WBMD
119
DELISTED
WebMD Health Corp.
WBMD
| $21.3M | 0.27% |
429,880
+186,112
| +76% | +$9.62M |
|
120
Expeditors International
EXPD
$24.4B
| $21.2M | 0.27% |
399,859
-128,459
| -24% | -$6.71M |
|
121
Akamai
AKAM
$15.9B
| $21.2M | 0.27% |
317,204
-28,179
| -8% | -$1.79M |
|
122
Chemours
CC
$2.4B
| $21.1M | 0.27% |
953,931
+337,415
| +55% | +$6.93M |
|
123
Chevron
CVX
$403B
| $20.9M | 0.27% |
+177,613
| New | +$19.3M |
|
|
AMAG
124
DELISTED
AMAG Pharmaceuticals
AMAG
| $20.9M | 0.27% |
600,584
+92,775
| +18% | +$2.77M |
|
125
Seagate
STX
$193B
| $20.8M | 0.27% |
546,177
+254,970
| +88% | +$9.52M |
|
Similar funds
Joel Greenblatt's Q4 2016 Portfolio in Review
As of Q4 2016, Joel Greenblatt held 1,149 positions worth $7.77B, up 1.2% from $7.68B the previous quarter. Its ten largest holdings account for 8.9% of the portfolio.
Joel Greenblatt withdrew a net $270M in Q4 2016, closing 225 positions and reducing 377 holdings. Its most notable exit was Sysco, an estimated $54.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Philip Morris worth $42M.
- Joel Greenblatt's largest Q4 2016 buy was Philip Morris: 458,877 shares worth $42M.
- Joel Greenblatt added most to Trane Technologies in Q4 2016, an estimated $52.9M increase.
- Joel Greenblatt's biggest Q4 2016 reduction was Hewlett Packard, cutting an estimated $82M.
- Joel Greenblatt fully exited Sysco in Q4 2016, selling an estimated $54.1M.
- Joel Greenblatt's ten largest holdings make up 8.9% of its $7.77B portfolio in Q4 2016.
- Joel Greenblatt opened 238 new positions and closed 225 in Q4 2016.
- Joel Greenblatt's portfolio value rose 1.2% quarter-over-quarter to $7.77B.
Based on Gotham Asset Management's 13F filing for Q4 2016, filed 14 Feb 2017.