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 |
RTX Corp
RTX
|
+$79.2M |
| 2 |
eBay
EBAY
|
+$65.8M |
| 3 |
Baxter International
BAX
|
+$64.6M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$57.6M |
| 5 |
Biogen
BIIB
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$85.2M |
| 2 |
SAFM
Sanderson Farms Inc
SAFM
|
+$65.9M |
| 3 |
Polaris
PII
|
+$61.7M |
| 4 |
Lam Research
LRCX
|
+$54M |
| 5 |
Teradyne
TER
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.04% |
| 2 | Technology | 19.86% |
| 3 | Consumer Discretionary | 17.24% |
| 4 | Healthcare | 16.73% |
| 5 | Consumer Staples | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOT
126
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $21.1M | 0.24% |
252,888
+225,432
| +821% | +$15.4M |
|
127
United Natural Foods
UNFI
$2.91B
| $21M | 0.24% |
520,370
+230,398
| +79% | +$8.51M |
|
128
Landstar System
LSTR
$6.33B
| $20.9M | 0.23% |
323,068
-510,044
| -61% | -$30.7M |
|
129
Universal Health Services
UHS
$10.4B
| $20.8M | 0.23% |
166,650
-217,191
| -57% | -$24.4M |
|
|
TEN
130
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $20.7M | 0.23% |
402,568
+191,574
| +91% | +$8.4M |
|
131
American Eagle Outfitters
AEO
$2.71B
| $20.6M | 0.23% |
1,236,142
-592,166
| -32% | -$8.91M |
|
132
Eaton
ETN
$163B
| $20.6M | 0.23% |
328,940
-20,987
| -6% | -$1.16M |
|
133
Wabash National
WNC
$490M
| $20.5M | 0.23% |
1,554,439
-684,988
| -31% | -$8M |
|
134
Keurig Dr Pepper
KDP
$43.6B
| $20.4M | 0.23% |
228,001
+138,059
| +153% | +$12.6M |
|
135
PACCAR
PCAR
$69B
| $20.4M | 0.23% |
558,384
-793,596
| -59% | -$26.6M |
|
|
PPLI
136
People Inc
PPLI
$2.86B
| $20.3M | 0.23% |
2,410,703
+2,383,347
| +8,712% | +$20.5M |
|
|
DCH
137
Dauch Corp
DCH
$1.63B
| $20.3M | 0.23% |
1,317,334
-357,590
| -21% | -$5.15M |
|
|
VAR
138
DELISTED
Varian Medical Systems, Inc.
VAR
| $20.3M | 0.23% |
288,775
+281,976
| +4,147% | +$19.2M |
|
|
MENT
139
DELISTED
Mentor Graphics Corp
MENT
| $20.2M | 0.23% |
991,374
+813,109
| +456% | +$14.8M |
|
|
LQ
140
DELISTED
La Quinta Holdings Inc.
LQ
| $20.1M | 0.23% |
1,606,031
-637,144
| -28% | -$7.23M |
|
141
Omnicom Group
OMC
$24B
| $20.1M | 0.22% |
240,998
+233,501
| +3,115% | +$17.6M |
|
142
Bruker
BRKR
$9.07B
| $19.9M | 0.22% |
+712,459
| New | +$17.8M |
|
143
Lincoln Electric
LECO
$15.4B
| $19.9M | 0.22% |
340,326
-515,626
| -60% | -$28.1M |
|
144
AGCO
AGCO
$7.48B
| $19.9M | 0.22% |
400,365
-317,497
| -44% | -$15.3M |
|
|
PNK
145
DELISTED
Pinnacle Entertainment Inc.
PNK
| $19.9M | 0.22% |
566,187
-114,865
| -17% | -$3.46M |
|
|
SGI
146
Somnigroup International
SGI
$13.6B
| $19.7M | 0.22% |
1,293,960
+697,872
| +117% | +$10.3M |
|
147
Williams Companies
WMB
$86.2B
| $19.6M | 0.22% |
+1,217,952
| New | +$20.9M |
|
148
Cardinal Health
CAH
$53.4B
| $19.5M | 0.22% |
238,494
+232,649
| +3,980% | +$18.9M |
|
|
DST
149
DELISTED
DST Systems Inc.
DST
| $19.5M | 0.22% |
346,004
+129,490
| +60% | +$6.9M |
|
150
Analog Devices
ADI
$182B
| $19.5M | 0.22% |
328,726
-632,209
| -66% | -$33.8M |
|
Similar funds
Joel Greenblatt's Q1 2016 Portfolio in Review
As of Q1 2016, Joel Greenblatt held 1,164 positions worth $8.92B, down 3.1% from $9.21B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Joel Greenblatt withdrew a net $529M in Q1 2016, closing 214 positions and reducing 363 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $85.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in RTX Corp worth $86M.
- Joel Greenblatt's largest Q1 2016 buy was RTX Corp: 1,365,401 shares worth $86M.
- Joel Greenblatt added most to eBay in Q1 2016, an estimated $65.8M increase.
- Joel Greenblatt's biggest Q1 2016 reduction was Sanderson Farms Inc, cutting an estimated $65.9M.
- Joel Greenblatt fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $85.2M.
- Joel Greenblatt's ten largest holdings make up 8.6% of its $8.92B portfolio in Q1 2016.
- Joel Greenblatt opened 311 new positions and closed 214 in Q1 2016.
- Joel Greenblatt's portfolio value fell 3.1% quarter-over-quarter to $8.92B.
Based on Gotham Asset Management's 13F filing for Q1 2016, filed 16 May 2016.