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 |
Hewlett Packard
HPE
|
+$62.1M |
| 2 |
Walt Disney
DIS
|
+$54.6M |
| 3 |
Danaher
DHR
|
+$47.7M |
| 4 |
Home Depot
HD
|
+$46.1M |
| 5 |
Applied Materials
AMAT
|
+$39.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$59.4M |
| 2 |
IM
Ingram Micro
IM
|
+$51M |
| 3 |
FIT
Fitbit, Inc. Class A common stock
FIT
|
+$44.5M |
| 4 |
Western Digital
WDC
|
+$44.3M |
| 5 |
Zimmer Biomet
ZBH
|
+$44.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.28% |
| 2 | Industrials | 20.14% |
| 3 | Consumer Discretionary | 17.92% |
| 4 | Healthcare | 16.75% |
| 5 | Consumer Staples | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
IBM
IBM
$222B
| $20.3M | 0.26% |
133,849
-202,631
| -60% | -$30.7M |
|
127
Illinois Tool Works
ITW
$80.4B
| $20.2M | 0.26% |
168,293
-66,692
| -28% | -$7.74M |
|
|
CSRA
128
DELISTED
CSRA Inc.
CSRA
| $20.1M | 0.26% |
745,839
+327,373
| +78% | +$8.45M |
|
|
VISN
129
Vistance Networks Inc
VISN
$2.59B
| $19.7M | 0.26% |
654,801
+477,211
| +269% | +$14.4M |
|
130
IQVIA
IQV
$42.8B
| $19.6M | 0.26% |
241,654
-108,946
| -31% | -$8.25M |
|
131
Best Buy
BBY
$18.1B
| $19.4M | 0.25% |
509,115
-284,265
| -36% | -$9.98M |
|
132
Huntsman Corp
HUN
$1.75B
| $19.4M | 0.25% |
+1,193,833
| New | +$18.9M |
|
133
Robert Half
RHI
$4.58B
| $19.4M | 0.25% |
512,202
+243,918
| +91% | +$9.3M |
|
|
STMP
134
DELISTED
Stamps.com, Inc.
STMP
| $19.3M | 0.25% |
204,016
+75,105
| +58% | +$6.51M |
|
135
ResMed
RMD
$33.4B
| $19.2M | 0.25% |
296,383
+33,425
| +13% | +$2.22M |
|
136
Unifirst Corp
UNF
$5.25B
| $19.2M | 0.25% |
145,619
-33,737
| -19% | -$4.15M |
|
|
MRC
137
DELISTED
MRC Global
MRC
| $18.7M | 0.24% |
1,136,690
-661,642
| -37% | -$9.48M |
|
138
Jazz Pharmaceuticals
JAZZ
$16.5B
| $18.6M | 0.24% |
153,251
+47,847
| +45% | +$6.45M |
|
139
Strategy Inc
MSTR
$47.4B
| $18.3M | 0.24% |
1,095,660
-643,910
| -37% | -$11.1M |
|
140
Akamai
AKAM
$15.9B
| $18.3M | 0.24% |
345,383
+61,686
| +22% | +$3.3M |
|
141
Deere & Co
DE
$175B
| $18.2M | 0.24% |
213,543
+140,047
| +191% | +$11.5M |
|
|
VMW
142
DELISTED
VMware, Inc
VMW
| $18.1M | 0.24% |
246,346
-20,709
| -8% | -$1.46M |
|
143
Vail Resorts
MTN
$5.45B
| $17.6M | 0.23% |
112,203
+3,390
| +3% | +$517K |
|
144
B&G Foods
BGS
$281M
| $17.5M | 0.23% |
+356,804
| New | +$17.2M |
|
145
ManpowerGroup
MAN
$2.86B
| $17.5M | 0.23% |
241,562
+143,465
| +146% | +$9.89M |
|
|
TSE
146
DELISTED
Trinseo
TSE
| $17.1M | 0.22% |
302,695
+211,231
| +231% | +$11.2M |
|
147
Huntington Ingalls Industries
HII
$11.8B
| $16.8M | 0.22% |
109,226
+11,657
| +12% | +$1.93M |
|
148
Fidelity National Information Services
FIS
$21.3B
| $16.7M | 0.22% |
217,403
+200,528
| +1,188% | +$15.7M |
|
|
LLL
149
DELISTED
L3 Technologies, Inc.
LLL
| $16.6M | 0.22% |
110,108
-8,734
| -7% | -$1.3M |
|
150
Globus Medical
GMED
$11.7B
| $16.5M | 0.22% |
732,178
+111,077
| +18% | +$2.61M |
|
Similar funds
Joel Greenblatt's Q3 2016 Portfolio in Review
As of Q3 2016, Joel Greenblatt held 1,152 positions worth $7.68B, down 7.9% from $8.34B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Joel Greenblatt withdrew a net $1.05B in Q3 2016, closing 241 positions and reducing 391 holdings. Its most notable exit was Western Digital, an estimated $44.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Danaher worth $46.7M.
- Joel Greenblatt's largest Q3 2016 buy was Danaher: 672,395 shares worth $46.7M.
- Joel Greenblatt added most to Hewlett Packard in Q3 2016, an estimated $62.1M increase.
- Joel Greenblatt's biggest Q3 2016 reduction was RTX Corp, cutting an estimated $59.4M.
- Joel Greenblatt fully exited Western Digital in Q3 2016, selling an estimated $44.3M.
- Joel Greenblatt's ten largest holdings make up 9.6% of its $7.68B portfolio in Q3 2016.
- Joel Greenblatt opened 218 new positions and closed 241 in Q3 2016.
- Joel Greenblatt's portfolio value fell 7.9% quarter-over-quarter to $7.68B.
Based on Gotham Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.