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 |
Corning
GLW
|
+$45.4M |
| 2 |
Kroger
KR
|
+$41.1M |
| 3 |
Boston Scientific
BSX
|
+$38M |
| 4 |
Campbell Soup
CPB
|
+$35M |
| 5 |
VF Corp
VFC
|
+$34.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
NVIDIA
NVDA
|
+$41.5M |
| 3 |
Philip Morris
PM
|
+$33.6M |
| 4 |
Home Depot
HD
|
+$33.1M |
| 5 |
Altria Group
MO
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.9% |
| 2 | Technology | 19.29% |
| 3 | Healthcare | 18.85% |
| 4 | Consumer Discretionary | 15.9% |
| 5 | Consumer Staples | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RDC
126
DELISTED
Rowan Companies Plc
RDC
| $19M | 0.24% |
1,219,266
+414,277
| +51% | +$7.3M |
|
|
COL
127
DELISTED
Rockwell Collins
COL
| $19M | 0.24% |
195,079
-108,096
| -36% | -$10.2M |
|
128
Ziff Davis
ZD
$1.92B
| $18.9M | 0.24% |
259,073
-24,699
| -9% | -$1.81M |
|
129
ManpowerGroup
MAN
$2.86B
| $18.6M | 0.24% |
181,789
+120,213
| +195% | +$11.7M |
|
|
130
Altria Group
MO
$110B
| $18.6M | 0.24% |
260,806
-419,328
| -62% | -$30.3M |
|
|
MON
131
DELISTED
Monsanto Co
MON
| $18.6M | 0.24% |
164,239
+81,463
| +98% | +$9.02M |
|
132
BorgWarner
BWA
$13.8B
| $18.4M | 0.23% |
501,525
-74,649
| -13% | -$2.72M |
|
133
Gen Digital
GEN
$17.3B
| $18.4M | 0.23% |
599,869
-404,968
| -40% | -$11.5M |
|
134
Carter's
CRI
$1.31B
| $18.4M | 0.23% |
+204,811
| New | +$17.7M |
|
135
Pentair
PNR
$10.3B
| $18.3M | 0.23% |
434,734
-11,866
| -3% | -$474K |
|
|
TGNA
136
DELISTED
TEGNA Inc
TGNA
| $18.3M | 0.23% |
1,114,067
+259,794
| +30% | +$4M |
|
137
KLA
KLAC
$240B
| $18.3M | 0.23% |
1,921,330
-359,280
| -16% | -$3.16M |
|
138
Dollar Tree
DLTR
$25.3B
| $18.2M | 0.23% |
+231,525
| New | +$17.8M |
|
139
Medtronic
MDT
$119B
| $18.1M | 0.23% |
+224,898
| New | +$17.6M |
|
140
Genuine Parts
GPC
$18.5B
| $18.1M | 0.23% |
195,561
-12,520
| -6% | -$1.2M |
|
141
Comcast
CMCSA
$95.3B
| $17.9M | 0.23% |
477,413
+206,187
| +76% | +$7.65M |
|
142
AutoZone
AZO
$48.3B
| $17.9M | 0.23% |
24,812
-27,130
| -52% | -$20.1M |
|
143
Quest Diagnostics
DGX
$27B
| $17.8M | 0.23% |
180,978
-53,394
| -23% | -$5.09M |
|
144
Goodyear
GT
$1.72B
| $17.8M | 0.23% |
493,599
+235,868
| +92% | +$8.01M |
|
145
Abbott
ABT
$202B
| $17.8M | 0.23% |
399,925
-610,673
| -60% | -$26.4M |
|
146
Regal Rexnord
RRX
$11.1B
| $17.5M | 0.22% |
231,875
+83,548
| +56% | +$6.16M |
|
147
Bath & Body Works
BBWI
$3.92B
| $17.4M | 0.22% |
+456,126
| New | +$20.6M |
|
148
Illinois Tool Works
ITW
$80.4B
| $17.3M | 0.22% |
130,437
-8,508
| -6% | -$1.1M |
|
149
Williams Companies
WMB
$86.2B
| $17.2M | 0.22% |
582,466
+308,121
| +112% | +$8.91M |
|
|
VMW
150
DELISTED
VMware, Inc
VMW
| $17.2M | 0.22% |
187,041
-69,501
| -27% | -$6.12M |
|
Similar funds
Joel Greenblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Joel Greenblatt held 1,193 positions worth $7.88B, up 1.4% from $7.77B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $245M in Q1 2017, closing 219 positions and reducing 368 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 23% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Kroger worth $38M.
- Joel Greenblatt's largest Q1 2017 buy was Kroger: 1,287,571 shares worth $38M.
- Joel Greenblatt added most to Corning in Q1 2017, an estimated $45.4M increase.
- Joel Greenblatt's biggest Q1 2017 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q1 2017, selling an estimated $28.8M.
- Joel Greenblatt's ten largest holdings make up 9% of its $7.88B portfolio in Q1 2017.
- Joel Greenblatt opened 269 new positions and closed 219 in Q1 2017.
- Joel Greenblatt's portfolio value rose 1.4% quarter-over-quarter to $7.88B.
Based on Gotham Asset Management's 13F filing for Q1 2017, filed 15 May 2017.