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 |
Johnson & Johnson
JNJ
|
+$81.8M |
| 2 |
NCR Voyix
VYX
|
+$79.9M |
| 3 |
General Dynamics
GD
|
+$74.8M |
| 4 |
Jacobs Solutions
J
|
+$69.8M |
| 5 |
Stanley Black & Decker
SWK
|
+$64.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$56.8M |
| 2 |
Illinois Tool Works
ITW
|
+$55M |
| 3 |
RAD
Rite Aid Corporation
RAD
|
+$51.9M |
| 4 |
NVR
NVR
|
+$51.6M |
| 5 |
Dick's Sporting Goods
DKS
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.47% |
| 2 | Technology | 20.39% |
| 3 | Consumer Discretionary | 18.93% |
| 4 | Consumer Staples | 12.29% |
| 5 | Healthcare | 10.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JNPR
151
DELISTED
Juniper Networks
JNPR
| $30.4M | 0.25% |
1,362,083
-801,633
| -37% | -$17M |
|
152
Broadridge
BR
$20.8B
| $29.3M | 0.24% |
634,428
-208,263
| -25% | -$9.11M |
|
153
WEX
WEX
$6.81B
| $29.3M | 0.24% |
295,958
+287,961
| +3,601% | +$30.7M |
|
|
PF
154
DELISTED
Pinnacle Foods, Inc.
PF
| $29.3M | 0.24% |
828,924
+818,538
| +7,881% | +$27.5M |
|
|
LO
155
DELISTED
LORILLARD INC COM STK
LO
| $29.2M | 0.24% |
464,421
+68,659
| +17% | +$4.25M |
|
156
Bio-Rad Laboratories Class A
BIO
$10.2B
| $29.1M | 0.24% |
240,974
+236,762
| +5,621% | +$27.2M |
|
157
Leidos
LDOS
$17.7B
| $29M | 0.23% |
665,844
+109,798
| +20% | +$4.3M |
|
158
Children's Place
PLCE
$55.4M
| $28.7M | 0.23% |
503,764
+485,956
| +2,729% | +$25.1M |
|
|
K
159
DELISTED
Kellanova
K
| $28.4M | 0.23% |
461,625
-310,111
| -40% | -$18.6M |
|
160
Sanmina
SANM
$10.1B
| $28.3M | 0.23% |
1,202,336
+488,848
| +69% | +$11.2M |
|
|
TIME
161
DELISTED
Time Inc.
TIME
| $27.7M | 0.22% |
1,126,979
+1,017,270
| +927% | +$23M |
|
|
IDTI
162
DELISTED
Integrated Device Technology I
IDTI
| $27.2M | 0.22% |
1,387,196
+517,880
| +60% | +$8.91M |
|
163
Aptiv
APTV
$10B
| $26.9M | 0.22% |
369,839
+342,992
| +1,278% | +$23.6M |
|
164
Revvity
RVTY
$13.9B
| $26.7M | 0.22% |
610,891
+473,416
| +344% | +$20.4M |
|
165
DaVita
DVA
$11.1B
| $26.7M | 0.22% |
352,562
+248,942
| +240% | +$18.7M |
|
166
Boyd Gaming
BYD
$5.87B
| $26.6M | 0.22% |
2,082,380
+1,711,263
| +461% | +$19.3M |
|
|
ORB
167
DELISTED
ORBITAL SCIENCES CORP
ORB
| $26.5M | 0.21% |
984,532
+499,298
| +103% | +$13.2M |
|
|
GES
168
DELISTED
Guess Inc
GES
| $26.5M | 0.21% |
1,254,873
-542,183
| -30% | -$11.6M |
|
169
Emcor
EME
$34.3B
| $26.2M | 0.21% |
588,664
+61,840
| +12% | +$2.66M |
|
170
TJX Companies
TJX
$155B
| $26M | 0.21% |
758,610
-436,466
| -37% | -$13.9M |
|
171
Vishay Intertechnology
VSH
$4.85B
| $25.9M | 0.21% |
1,826,916
+502,271
| +38% | +$6.89M |
|
|
RAD
172
DELISTED
Rite Aid Corporation
RAD
| $25.8M | 0.21% |
171,744
-467,679
| -73% | -$51.9M |
|
173
OSI Systems
OSIS
$3.41B
| $25.7M | 0.21% |
363,131
+227,908
| +169% | +$15.5M |
|
|
GAP
174
The Gap Inc
GAP
$7.13B
| $25.6M | 0.21% |
607,390
-95,755
| -14% | -$3.75M |
|
175
Amdocs
DOX
$6.41B
| $25.5M | 0.21% |
547,542
-241,095
| -31% | -$11.3M |
|
Similar funds
Joel Greenblatt's Q4 2014 Portfolio in Review
As of Q4 2014, Joel Greenblatt held 1,167 positions worth $12.4B, up 23% from $10.1B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $1.67B of net new capital in Q4 2014, opening 197 new positions and adding to 380 existing holdings. Its largest new stake was Jacobs Solutions: 1,831,169 shares worth $67.7M.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Oracle, an estimated $56.8M trimmed.
- Joel Greenblatt's largest Q4 2014 buy was Jacobs Solutions: 1,831,169 shares worth $67.7M.
- Joel Greenblatt added most to Johnson & Johnson in Q4 2014, an estimated $81.8M increase.
- Joel Greenblatt's biggest Q4 2014 reduction was Oracle, cutting an estimated $56.8M.
- Joel Greenblatt fully exited TYCO INTL PLC COM SHS (IRL) in Q4 2014, selling an estimated $42.2M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $12.4B portfolio in Q4 2014.
- Joel Greenblatt opened 197 new positions and closed 231 in Q4 2014.
- Joel Greenblatt's portfolio value rose 23% quarter-over-quarter to $12.4B.
Based on Gotham Asset Management's 13F filing for Q4 2014, filed 17 Feb 2015.