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 |
Humana
HUM
|
+$13M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$12.6M |
| 3 |
PayPal
PYPL
|
+$11.2M |
| 4 |
Lam Research
LRCX
|
+$10.5M |
| 5 |
ON Semiconductor
ON
|
+$8.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$11.8M |
| 2 |
Adobe
ADBE
|
+$11.2M |
| 3 |
Parker-Hannifin
PH
|
+$9.65M |
| 4 |
Walt Disney
DIS
|
+$8.9M |
| 5 |
FedEx
FDX
|
+$8.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.16% |
| 2 | Healthcare | 12.01% |
| 3 | Industrials | 10.55% |
| 4 | Consumer Discretionary | 10.05% |
| 5 | Financials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
GitLab
GTLB
$7.04B
| – | – |
-8,374
| Closed | -$429K |
|
1252
Hasbro
HAS
$13.2B
| – | – |
-16,096
| Closed | -$1.08M |
|
1253
The Honest Company
HNST
$542M
| – | – |
-13,245
| Closed | -$46K |
|
1254
Hormel Foods
HRL
$13.1B
| – | – |
-55,958
| Closed | -$2.54M |
|
1255
Harmony Biosciences
HRMY
$2.22B
| – | – |
-19,684
| Closed | -$872K |
|
1256
Heron Therapeutics
HRTX
$60.4M
| – | – |
-12,713
| Closed | -$54K |
|
1257
Hertz
HTZ
$802M
| – | – |
-13,234
| Closed | -$215K |
|
1258
HubSpot
HUBS
$12B
| – | – |
-4,284
| Closed | -$1.16M |
|
1259
Hexcel
HXL
$7.1B
| – | – |
-31,931
| Closed | -$1.65M |
|
1260
Intelligent Bio Solutions
INBS
$7.58M
| – | – |
-4
| Closed | -$661K |
|
1261
Invitation Homes
INVH
$17.9B
| – | – |
-9,911
| Closed | -$335K |
|
1262
Intrepid Potash
IPI
$525M
| – | – |
-5,949
| Closed | -$235K |
|
|
ITOS
1263
DELISTED
iTeos Therapeutics
ITOS
| – | – |
-13,493
| Closed | -$257K |
|
1264
Joby Aviation
JOBY
$7.45B
| – | – |
-16,791
| Closed | -$73K |
|
1265
Kforce
KFRC
$1.05B
| – | – |
-6,365
| Closed | -$373K |
|
1266
Knowles
KN
$2.85B
| – | – |
-18,598
| Closed | -$226K |
|
1267
Littelfuse
LFUS
$10.5B
| – | – |
-2,227
| Closed | -$442K |
|
1268
Ligand Pharmaceuticals
LGND
$5.71B
| – | – |
-7,282
| Closed | -$391K |
|
1269
Lemonade
LMND
$4.13B
| – | – |
-37,262
| Closed | -$789K |
|
1270
Live Oak Bancshares
LOB
$1.9B
| – | – |
-7,536
| Closed | -$231K |
|
1271
Stride
LRN
$3.51B
| – | – |
-8,787
| Closed | -$369K |
|
1272
Southwest Airlines
LUV
$19.8B
| – | – |
-116,890
| Closed | -$3.6M |
|
1273
Methanex
MEOH
$4.65B
| – | – |
-7,308
| Closed | -$233K |
|
1274
Manulife Financial
MFC
$70.5B
| – | – |
-10,416
| Closed | -$163K |
|
1275
MGE Energy Inc
MGEE
$2.97B
| – | – |
-3,463
| Closed | -$227K |
|
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Joel Greenblatt's Q4 2022 Portfolio in Review
As of Q4 2022, Joel Greenblatt held 1,351 positions worth $3.55B, up 6.4% from $3.34B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt's Q4 2022 filing shows 195 new, 468 increased, 530 reduced and 150 closed positions. Its largest new stake was Albemarle: 27,723 shares worth $6.01M. The largest sale was Micron Technology, an estimated $11.8M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Industrials.
- Joel Greenblatt's largest Q4 2022 buy was Albemarle: 27,723 shares worth $6.01M.
- Joel Greenblatt added most to Humana in Q4 2022, an estimated $13M increase.
- Joel Greenblatt's biggest Q4 2022 reduction was Micron Technology, cutting an estimated $11.8M.
- Joel Greenblatt fully exited FedEx in Q4 2022, selling an estimated $8.85M.
- Joel Greenblatt's ten largest holdings make up 22% of its $3.55B portfolio in Q4 2022.
- Joel Greenblatt opened 195 new positions and closed 150 in Q4 2022.
- Joel Greenblatt's portfolio value rose 6.4% quarter-over-quarter to $3.55B.
Based on Gotham Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.