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 |
BILL Holdings
BILL
|
+$41.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$35.9M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$35.8M |
| 4 |
PayPal
PYPL
|
+$17.4M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$14M |
| 2 |
Lam Research
LRCX
|
+$12.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$9.54M |
| 4 |
VMW
VMware, Inc
VMW
|
+$9.3M |
| 5 |
Valvoline
VVV
|
+$9.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.4% |
| 2 | Industrials | 12.68% |
| 3 | Consumer Discretionary | 10.55% |
| 4 | Healthcare | 8.73% |
| 5 | Financials | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Altria Group
MO
$110B
| $8.43M | 0.16% |
208,979
+44,508
| +27% | +$1.84M |
|
127
Molina Healthcare
MOH
$10.5B
| $8.4M | 0.16% |
23,256
+4,444
| +24% | +$1.57M |
|
128
Cadence Design Systems
CDNS
$87.9B
| $8.38M | 0.16% |
30,758
+1,551
| +5% | +$400K |
|
129
Palo Alto Networks
PANW
$292B
| $8.37M | 0.16% |
56,744
-31,004
| -35% | -$4.15M |
|
130
Marriott International
MAR
$92.9B
| $8.36M | 0.16% |
37,088
-21,104
| -36% | -$4.28M |
|
131
Concentrix
CNXC
$1.55B
| $8.3M | 0.15% |
84,515
+14,136
| +20% | +$1.23M |
|
132
Leidos
LDOS
$17.7B
| $8.27M | 0.15% |
76,421
+72,699
| +1,953% | +$7.41M |
|
133
W.W. Grainger
GWW
$61.8B
| $8.26M | 0.15% |
9,970
-1,474
| -13% | -$1.13M |
|
134
Super Micro Computer
SMCI
$24.1B
| $8.19M | 0.15% |
288,090
-36,660
| -11% | -$1.02M |
|
|
IPG
135
DELISTED
Interpublic Group of Companies
IPG
| $8.18M | 0.15% |
250,576
+29,689
| +13% | +$894K |
|
|
136
Lam Research
LRCX
$393B
| $8.08M | 0.15% |
103,130
-186,550
| -64% | -$12.7M |
|
137
ConocoPhillips
COP
$162B
| $8.07M | 0.15% |
69,546
-4,835
| -7% | -$566K |
|
138
Southern Copper
SCCO
$182B
| $8.07M | 0.15% |
102,307
+9,665
| +10% | +$664K |
|
139
FMC
FMC
$1.38B
| $8.06M | 0.15% |
+127,837
| New | +$7.41M |
|
140
Hewlett Packard
HPE
$70.8B
| $8.06M | 0.15% |
474,545
+11,210
| +2% | +$183K |
|
141
Williams-Sonoma
WSM
$28B
| $8.06M | 0.15% |
79,866
-4,144
| -5% | -$359K |
|
142
Fox Class A
FOXA
$28.8B
| $8.06M | 0.15% |
271,528
-52,575
| -16% | -$1.59M |
|
143
Advanced Micro Devices
AMD
$773B
| $8.05M | 0.15% |
54,596
+6,568
| +14% | +$774K |
|
144
Yum! Brands
YUM
$41.8B
| $8.03M | 0.15% |
61,479
-9,558
| -13% | -$1.19M |
|
145
Snap-on
SNA
$20.3B
| $8.02M | 0.15% |
27,754
+4,967
| +22% | +$1.34M |
|
146
Willis Towers Watson
WTW
$31.8B
| $8M | 0.15% |
33,150
+9,803
| +42% | +$2.27M |
|
147
Saic
SAIC
$5.41B
| $7.98M | 0.15% |
64,169
-6,902
| -10% | -$803K |
|
|
PXD
148
DELISTED
Pioneer Natural Resource Co.
PXD
| $7.94M | 0.15% |
35,314
+18,606
| +111% | +$4.36M |
|
149
Sysco
SYY
$40.2B
| $7.83M | 0.15% |
107,110
-24,059
| -18% | -$1.66M |
|
150
Dell
DELL
$286B
| $7.83M | 0.15% |
102,340
-5,028
| -5% | -$355K |
|
Similar funds
Joel Greenblatt's Q4 2023 Portfolio in Review
As of Q4 2023, Joel Greenblatt held 1,470 positions worth $5.39B, up 11% from $4.84B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Joel Greenblatt's Q4 2023 filing shows 157 new, 492 increased, 650 reduced and 145 closed positions. Its largest new stake was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M. The largest sale was Pfizer, an estimated $14M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q4 2023 buy was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M.
- Joel Greenblatt added most to BILL Holdings in Q4 2023, an estimated $41.5M increase.
- Joel Greenblatt's biggest Q4 2023 reduction was Pfizer, cutting an estimated $14M.
- Joel Greenblatt fully exited VMware, Inc in Q4 2023, selling an estimated $9.3M.
- Joel Greenblatt's ten largest holdings make up 24% of its $5.39B portfolio in Q4 2023.
- Joel Greenblatt opened 157 new positions and closed 145 in Q4 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $5.39B.
Based on Gotham Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.