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 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$54.1M |
| 2 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
+$42.9M |
| 3 |
Teradata
TDC
|
+$40.2M |
| 4 |
Delta Air Lines
DAL
|
+$39.9M |
| 5 |
Monster Beverage
MNST
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$53.1M |
| 2 |
News Corp Class B
NWS
|
+$33.3M |
| 3 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$31.9M |
| 4 |
C.H. Robinson
CHRW
|
+$30.5M |
| 5 |
IM
Ingram Micro
IM
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.69% |
| 2 | Technology | 19.82% |
| 3 | Consumer Discretionary | 19.24% |
| 4 | Consumer Staples | 12.32% |
| 5 | Healthcare | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GMCR
126
DELISTED
KEURIG GREEN MTN INC
GMCR
| $21.6M | 0.27% |
173,159
+57,616
| +50% | +$6.28M |
|
127
Northrop Grumman
NOC
$78.3B
| $21.4M | 0.27% |
179,134
+28,053
| +19% | +$3.39M |
|
128
Buckle
BKE
$2.26B
| $21M | 0.26% |
472,628
-77,840
| -14% | -$3.56M |
|
129
Walt Disney
DIS
$186B
| $20.9M | 0.26% |
243,957
+67,865
| +39% | +$5.54M |
|
|
TEN
130
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $20.9M | 0.26% |
317,919
-256,570
| -45% | -$15.9M |
|
131
Aecom
ACM
$8.34B
| $20.5M | 0.26% |
637,506
-247,912
| -28% | -$8M |
|
132
Walmart Inc
WMT
$825B
| $20.5M | 0.26% |
818,541
+19,614
| +2% | +$504K |
|
|
TECD
133
DELISTED
Tech Data Corp
TECD
| $20.2M | 0.25% |
323,042
+312,484
| +2,960% | +$19.4M |
|
134
Travel + Leisure Co
TNL
$4.39B
| $20.2M | 0.25% |
+589,733
| New | +$19.4M |
|
|
K
135
DELISTED
Kellanova
K
| $20.1M | 0.25% |
326,206
-83,679
| -20% | -$5.24M |
|
136
Apple
AAPL
$4.51T
| $20M | 0.25% |
862,528
-731,260
| -46% | -$15.6M |
|
|
WW
137
DELISTED
WW International
WW
| $20M | 0.25% |
992,675
-113,056
| -10% | -$2.42M |
|
|
VISN
138
Vistance Networks Inc
VISN
$2.59B
| $20M | 0.25% |
863,792
+841,452
| +3,767% | +$21M |
|
139
Honeywell
HON
$68.4B
| $19.9M | 0.25% |
238,273
+56,336
| +31% | +$4.71M |
|
140
Unifirst Corp
UNF
$5.25B
| $19.9M | 0.25% |
187,593
-1,598
| -0.8% | -$158K |
|
141
United Parcel Service
UPS
$86.8B
| $19.5M | 0.24% |
190,175
+81,101
| +74% | +$8.14M |
|
|
ANSS
142
DELISTED
Ansys
ANSS
| $19.3M | 0.24% |
254,248
+75,523
| +42% | +$5.67M |
|
143
Boeing
BA
$169B
| $19.2M | 0.24% |
151,155
+144,020
| +2,019% | +$18.8M |
|
144
Valmont Industries
VMI
$9.38B
| $19.1M | 0.24% |
125,757
-141,969
| -53% | -$21.9M |
|
145
Dover
DOV
$27.2B
| $19M | 0.24% |
258,985
+103,944
| +67% | +$7.26M |
|
146
Chemed
CHE
$7.07B
| $18.8M | 0.24% |
201,109
-94,444
| -32% | -$8.37M |
|
|
SCS
147
DELISTED
Steelcase
SCS
| $18.5M | 0.23% |
1,225,152
+306,454
| +33% | +$5.05M |
|
148
W.W. Grainger
GWW
$61.8B
| $18.5M | 0.23% |
72,658
+50,035
| +221% | +$12.8M |
|
149
Johnson Controls International
JCI
$86.7B
| $18.4M | 0.23% |
351,777
+25,260
| +8% | +$1.26M |
|
150
Broadridge
BR
$20.8B
| $18.4M | 0.23% |
441,186
+305,973
| +226% | +$12M |
|
Similar funds
Joel Greenblatt's Q2 2014 Portfolio in Review
As of Q2 2014, Joel Greenblatt held 1,196 positions worth $7.99B, up 20% from $6.64B the previous quarter. Its ten largest holdings account for 6.9% of the portfolio.
Joel Greenblatt deployed $1.17B of net new capital in Q2 2014, opening 202 new positions and adding to 378 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $30.5M trimmed.
- Joel Greenblatt's largest Q2 2014 buy was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
- Joel Greenblatt added most to TOWERS WATSON & CO COM STK CL A (DE) in Q2 2014, an estimated $42.9M increase.
- Joel Greenblatt's biggest Q2 2014 reduction was C.H. Robinson, cutting an estimated $30.5M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q2 2014, selling an estimated $53.1M.
- Joel Greenblatt's ten largest holdings make up 6.9% of its $7.99B portfolio in Q2 2014.
- Joel Greenblatt opened 202 new positions and closed 216 in Q2 2014.
- Joel Greenblatt's portfolio value rose 20% quarter-over-quarter to $7.99B.
Based on Gotham Asset Management's 13F filing for Q2 2014, filed 14 Aug 2014.