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JG

Joel Greenblatt Gotham Asset Management

AUM $43B
1-Year Est. Return 34.97%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+11.1%
1 Year Est. Return
+34.97%
3 Year Est. Return
+97.97%
5 Year Est. Return
+117.45%
10 Year Est. Return
+441.95%
AUM
$6.62B
AUM Growth
+$1.23B
Cap. Flow
+$697M
Cap. Flow %
10.52%
Top 10 Hldgs %
24.54%
Holding
1,490
New
166
Increased
708
Reduced
476
Closed
124

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$128M
2
NVDA icon
NVIDIA
NVDA
+$27.8M
3
DUK icon
Duke Energy
DUK
+$18.4M
4
MRO
Marathon Oil Corporation
MRO
+$13.2M
5
QRVO icon
Qorvo
QRVO
+$11.5M

Top Sells

Rank Stock Value
1
SMCI icon
Super Micro Computer
SMCI
+$15.8M
2
SJM icon
J.M. Smucker
SJM
+$10.6M
3
HOLX
Hologic
HOLX
+$10.1M
4
SPLK
Splunk Inc
SPLK
+$9M
5
EMR icon
Emerson Electric
EMR
+$8.46M

Sector Composition

Rank Sector Weight
1 Technology 18.24%
2 Industrials 12.84%
3 Consumer Discretionary 10.7%
4 Healthcare 8.81%
5 Financials 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LPRO
1426
DELISTED
Open Lending Corp
LPRO
– –
-27,376
Closed -$233K
LZB icon
1427
La-Z-Boy
LZB
$1.35B
– –
-6,672
Closed -$246K
MATX icon
1428
Matsons
MATX
$6.66B
– –
-2,260
Closed -$248K
MHO icon
1429
M/I Homes
MHO
$3.85B
– –
-2,733
Closed -$376K
MP icon
1430
MP Materials
MP
$10.7B
– –
-261,509
Closed -$5.19M
MTH icon
1431
Meritage Homes
MTH
$4.67B
– –
-5,922
Closed -$516K
NEO icon
1432
NeoGenomics
NEO
$2.18B
– –
-12,765
Closed -$207K
NNN icon
1433
NNN REIT
NNN
$8.8B
– –
-7,876
Closed -$339K
ODC icon
1434
Oil-Dri
ODC
$1.3B
– –
-51,836
Closed -$1.21M
PDS
1435
Precision Drilling
PDS
$1.18B
– –
-3,819
Closed -$207K
PENN icon
1436
PENN Entertainment
PENN
$2.5B
– –
-114,364
Closed -$2.98M
PFG icon
1437
Principal Financial Group
PFG
$23.7B
– –
-4,440
Closed -$349K
PGRE
1438
DELISTED
Paramount Group
PGRE
– –
-10,083
Closed -$52.1K
PGNY icon
1439
Progyny
PGNY
$1.97B
– –
-33,674
Closed -$1.25M
PNFP icon
1440
Pinnacle Financial Partners Inc
PNFP
$15.5B
– –
-2,541
Closed -$222K
PRIM icon
1441
Primoris Services
PRIM
$4.15B
– –
-6,188
Closed -$206K
PRO
1442
DELISTED
PROS Holdings
PRO
– –
-5,629
Closed -$218K
QTRX icon
1443
Quanterix
QTRX
$141M
– –
-9,484
Closed -$259K
RLAY icon
1444
Relay Therapeutics
RLAY
$4.26B
– –
-16,135
Closed -$178K
ROL icon
1445
Rollins
ROL
$17.8B
– –
-14,359
Closed -$627K
RYAN icon
1446
Ryan Specialty Holdings
RYAN
$11.1B
– –
-9,038
Closed -$389K
S icon
1447
SentinelOne
S
$7.26B
– –
-13,612
Closed -$374K
ECHO
1448
EchoStar
ECHO
$25.2B
– –
-43,759
Closed -$725K
SGML icon
1449
Sigma Lithium
SGML
$1.35B
– –
-16,848
Closed -$531K
SHOO icon
1450
Steven Madden
SHOO
$3.37B
– –
-10,087
Closed -$424K
56 57
58
59 60

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Joel Greenblatt's Q1 2024 Portfolio in Review

As of Q1 2024, Joel Greenblatt held 1,490 positions worth $6.62B, up 23% from $5.39B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Joel Greenblatt deployed $697M of net new capital in Q1 2024, opening 166 new positions and adding to 708 existing holdings. Its largest new stake was Qorvo: 104,363 shares worth $12M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Super Micro Computer, an estimated $15.8M trimmed.

  • Joel Greenblatt's largest Q1 2024 buy was Qorvo: 104,363 shares worth $12M.
  • Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q1 2024, an estimated $128M increase.
  • Joel Greenblatt's biggest Q1 2024 reduction was Super Micro Computer, cutting an estimated $15.8M.
  • Joel Greenblatt fully exited Splunk Inc in Q1 2024, selling an estimated $9M.
  • Joel Greenblatt's ten largest holdings make up 25% of its $6.62B portfolio in Q1 2024.
  • Joel Greenblatt opened 166 new positions and closed 124 in Q1 2024.
  • Joel Greenblatt's portfolio value rose 23% quarter-over-quarter to $6.62B.

Based on Gotham Asset Management's 13F filing for Q1 2024, filed 15 May 2024.