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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$63.7M |
| 2 |
Lam Research
LRCX
|
+$55.3M |
| 3 |
IM
Ingram Micro
IM
|
+$54.2M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$52.4M |
| 5 |
Edgewell Personal Care
EPC
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bunge Global
BG
|
+$103M |
| 2 |
OCR
OMNICARE INC
OCR
|
+$81.2M |
| 3 |
Motorola Solutions
MSI
|
+$71.8M |
| 4 |
Textron
TXT
|
+$69.5M |
| 5 |
Hormel Foods
HRL
|
+$64.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.19% |
| 2 | Technology | 20.6% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Consumer Staples | 11.18% |
| 5 | Healthcare | 11.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Wabash National
WNC
$490M
| $24.3M | 0.24% |
2,297,848
+67,111
| +3% | +$825K |
|
152
Tyson Foods
TSN
$20.6B
| $24.1M | 0.24% |
+559,245
| New | +$23.8M |
|
|
APOL
153
DELISTED
Apollo Education Group Inc Class A
APOL
| $23.9M | 0.23% |
2,160,436
+1,885,576
| +686% | +$23.1M |
|
154
Home Depot
HD
$335B
| $23.7M | 0.23% |
205,460
-48,674
| -19% | -$5.63M |
|
155
F5
FFIV
$21.8B
| $23.4M | 0.23% |
201,734
+158,536
| +367% | +$19.4M |
|
|
AAN.A
156
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $23.3M | 0.23% |
644,154
+451,646
| +235% | +$16.3M |
|
|
PNK
157
DELISTED
Pinnacle Entertainment Inc.
PNK
| $23.2M | 0.23% |
686,755
+199,575
| +41% | +$7.55M |
|
158
IQVIA
IQV
$42.8B
| $23M | 0.22% |
329,978
-53,877
| -14% | -$4.03M |
|
|
HIBB
159
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $22.5M | 0.22% |
642,417
-6,183
| -1% | -$258K |
|
|
MENT
160
DELISTED
Mentor Graphics Corp
MENT
| $22.5M | 0.22% |
912,562
+157,543
| +21% | +$4.02M |
|
161
TE Connectivity
TEL
$58.9B
| $22.3M | 0.22% |
372,709
+358,604
| +2,542% | +$21.8M |
|
162
Ambarella
AMBA
$3.23B
| $22.3M | 0.22% |
+385,273
| New | +$36.4M |
|
163
Heartland Express
HTLD
$993M
| $22.3M | 0.22% |
1,116,022
+688,295
| +161% | +$14.1M |
|
164
Designer Brands
DBI
$292M
| $22.2M | 0.22% |
876,275
+554,950
| +173% | +$17.3M |
|
|
CVSA
165
Covista Inc
CVSA
$4.51B
| $22.2M | 0.22% |
814,315
+533,018
| +189% | +$15.2M |
|
|
HOLX
166
DELISTED
Hologic
HOLX
| $22M | 0.21% |
+561,229
| New | +$22.3M |
|
167
CGI
GIB
$15.5B
| $21.9M | 0.21% |
604,870
-163,032
| -21% | -$6.11M |
|
168
Sanmina
SANM
$10.1B
| $21.8M | 0.21% |
1,022,332
+209,405
| +26% | +$4.22M |
|
169
Children's Place
PLCE
$55.4M
| $21.4M | 0.21% |
370,558
-123,464
| -25% | -$7.43M |
|
170
BWX Technologies
BWXT
$14.4B
| $21.3M | 0.21% |
809,755
-520,383
| -39% | -$13.3M |
|
171
Teradata
TDC
$2.58B
| $20.9M | 0.2% |
720,672
+553,860
| +332% | +$17.7M |
|
172
Moog Inc Class A
MOG.A
$12.3B
| $20.5M | 0.2% |
379,339
-36,012
| -9% | -$2.32M |
|
173
Oxford Industries
OXM
$540M
| $20.4M | 0.2% |
276,324
+157,003
| +132% | +$13M |
|
|
BOBE
174
DELISTED
Bob Evans Farms, Inc.
BOBE
| $20.4M | 0.2% |
470,554
+280,751
| +148% | +$13.3M |
|
175
Cardinal Health
CAH
$53.4B
| $20M | 0.19% |
260,055
+58,852
| +29% | +$4.92M |
|
Similar funds
Joel Greenblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Joel Greenblatt held 1,147 positions worth $10.2B, down 14% from $12B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.
Joel Greenblatt withdrew a net $510M in Q3 2015, closing 252 positions and reducing 326 holdings. Its most notable exit was Bunge Global, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Edgewell Personal Care worth $45.8M.
- Joel Greenblatt's largest Q3 2015 buy was Edgewell Personal Care: 561,866 shares worth $45.8M.
- Joel Greenblatt added most to Twenty-First Century Fox, Inc. Class A in Q3 2015, an estimated $63.7M increase.
- Joel Greenblatt's biggest Q3 2015 reduction was Motorola Solutions, cutting an estimated $71.8M.
- Joel Greenblatt fully exited Bunge Global in Q3 2015, selling an estimated $103M.
- Joel Greenblatt's ten largest holdings make up 7.6% of its $10.2B portfolio in Q3 2015.
- Joel Greenblatt opened 239 new positions and closed 252 in Q3 2015.
- Joel Greenblatt's portfolio value fell 14% quarter-over-quarter to $10.2B.
Based on Gotham Asset Management's 13F filing for Q3 2015, filed 16 Nov 2015.