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 | |
|---|---|---|---|---|---|---|
1276
SiriusXM
SIRI
$9.67B
| – | – |
-22,711
| Closed | -$1.29M |
|
1277
Semtech
SMTC
$11.6B
| – | – |
-21,908
| Closed | -$1.11M |
|
1278
Simon Property Group
SPG
$70.6B
| – | – |
-12,542
| Closed | -$2.29M |
|
1279
Simpson Manufacturing
SSD
$7.74B
| – | – |
-33,949
| Closed | -$2.01M |
|
1280
Sensata Technologies
ST
$6.23B
| – | – |
-5,229
| Closed | -$235K |
|
1281
Stagwell
STGW
$2.13B
| – | – |
-11,531
| Closed | -$26K |
|
1282
Starwood Property Trust
STWD
$6.06B
| – | – |
-8,959
| Closed | -$200K |
|
1283
Stanley Black & Decker
SWK
$15.1B
| – | – |
-146,864
| Closed | -$20M |
|
1284
TransDigm Group
TDG
$66.4B
| – | – |
-31,387
| Closed | -$14.2M |
|
1285
Tidewater
TDW
$4.74B
| – | – |
-21,577
| Closed | -$500K |
|
1286
Teck Resources
TECK
$33.9B
| – | – |
-32,137
| Closed | -$745K |
|
1287
Tenet Healthcare
THC
$22.6B
| – | – |
-126,104
| Closed | -$3.64M |
|
1288
Tilly's
TLYS
$120M
| – | – |
-10,724
| Closed | -$119K |
|
1289
Tennant Co
TNC
$1.17B
| – | – |
-4,472
| Closed | -$278K |
|
1290
TriNet
TNET
$3.24B
| – | – |
-26,678
| Closed | -$1.59M |
|
1291
Tootsie Roll Industries
TR
$3.08B
| – | – |
-18,384
| Closed | -$557K |
|
1292
Trex
TREX
$4.77B
| – | – |
-30,498
| Closed | -$938K |
|
1293
Tesla
TSLA
$1.43T
| – | – |
-48,270
| Closed | -$901K |
|
1294
Mammoth Energy Services
TUSK
$147M
| – | – |
-51,200
| Closed | -$852K |
|
1295
Ubiquiti
UI
$33.8B
| – | – |
-3,639
| Closed | -$545K |
|
1296
Vulcan Materials
VMC
$35.8B
| – | – |
-12,415
| Closed | -$1.47M |
|
1297
Wayfair
W
$13.9B
| – | – |
-2,113
| Closed | -$314K |
|
1298
Wabtec
WAB
$50.3B
| – | – |
-99,935
| Closed | -$7.37M |
|
|
WBS
1299
DELISTED
Webster Financial
WBS
| – | – |
-7,152
| Closed | -$362K |
|
1300
Western Digital
WDC
$166B
| – | – |
-276,425
| Closed | -$10M |
|
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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.