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 | |
|---|---|---|---|---|---|---|
1301
Rush Enterprises Class A
RUSHA
$8.54B
| – | – |
-7,112
| Closed | -$208K |
|
1302
Rayonier
RYN
$6.31B
| – | – |
-10,624
| Closed | -$289K |
|
|
SAFE
1303
Safehold
SAFE
$1.09B
| – | – |
-2,493
| Closed | -$112K |
|
1304
Saia
SAIA
$9.66B
| – | – |
-11,330
| Closed | -$2.15M |
|
|
SNBR
1305
DELISTED
Sleep Number
SNBR
| – | – |
-6,839
| Closed | -$231K |
|
1306
SoFi Technologies
SOFI
$24.4B
| – | – |
-45,644
| Closed | -$223K |
|
1307
Sonoco
SON
$5.88B
| – | – |
-3,900
| Closed | -$221K |
|
1308
Spectrum Brands
SPB
$2B
| – | – |
-17,801
| Closed | -$695K |
|
1309
Sprout Social
SPT
$607M
| – | – |
-4,681
| Closed | -$284K |
|
1310
Spire
SR
$4.78B
| – | – |
-13,111
| Closed | -$817K |
|
1311
SSR Mining
SSRM
$7.7B
| – | – |
-75,580
| Closed | -$1.11M |
|
1312
Stem
STEM
$54.9M
| – | – |
-1,114
| Closed | -$297K |
|
1313
Standex International
SXI
$3.76B
| – | – |
-2,579
| Closed | -$211K |
|
1314
Thryv Holdings
THRY
$92.4M
| – | – |
-12,943
| Closed | -$295K |
|
1315
Toast
TOST
$21.2B
| – | – |
-12,909
| Closed | -$216K |
|
1316
Tronox
TROX
$888M
| – | – |
-14,926
| Closed | -$183K |
|
1317
Frontier Group Holdings
ULCC
$1.37B
| – | – |
-11,277
| Closed | -$109K |
|
1318
United Natural Foods
UNFI
$2.91B
| – | – |
-9,221
| Closed | -$317K |
|
1319
Upstart Holdings
UPST
$2.95B
| – | – |
-66,244
| Closed | -$1.38M |
|
1320
Western Alliance Bancorporation
WAL
$8.69B
| – | – |
-3,786
| Closed | -$249K |
|
1321
Wheaton Precious Metals
WPM
$71.7B
| – | – |
-17,518
| Closed | -$567K |
|
1322
Xcel Energy
XEL
$47.7B
| – | – |
-5,164
| Closed | -$330K |
|
1323
Xperi
XPER
$305M
| – | – |
-27,180
| Closed | -$384K |
|
1324
Xerox
XRX
$381M
| – | – |
-10,041
| Closed | -$131K |
|
1325
Zscaler
ZS
$29.4B
| – | – |
-18,844
| Closed | -$3.1M |
|
Similar funds
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.