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 |
Intuit
INTU
|
+$59.7M |
| 2 |
Lowe's Companies
LOW
|
+$54.1M |
| 3 |
FedEx
FDX
|
+$48.8M |
| 4 |
Marriott International
MAR
|
+$37.8M |
| 5 |
Hilton Worldwide
HLT
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$47.5M |
| 2 |
Qualcomm
QCOM
|
+$43.9M |
| 3 |
Boston Scientific
BSX
|
+$43.5M |
| 4 |
Baxter International
BAX
|
+$42.4M |
| 5 |
Corning
GLW
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.19% |
| 2 | Technology | 20.13% |
| 3 | Consumer Discretionary | 16.87% |
| 4 | Healthcare | 16.68% |
| 5 | Consumer Staples | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VISN
176
Vistance Networks Inc
VISN
$2.59B
| $13.6M | 0.19% |
356,301
-43,503
| -11% | -$1.68M |
|
177
Capri Holdings
CPRI
$1.55B
| $13.5M | 0.19% |
371,874
-256,376
| -41% | -$9.31M |
|
|
PRXL
178
DELISTED
Parexel International Corp
PRXL
| $13.4M | 0.19% |
+154,363
| New | +$11.5M |
|
179
Keurig Dr Pepper
KDP
$43.6B
| $13.4M | 0.19% |
147,096
-251,509
| -63% | -$23.5M |
|
180
Bloomin' Brands
BLMN
$996M
| $13.4M | 0.19% |
+630,248
| New | +$13M |
|
181
Copart
CPRT
$31.3B
| $13.2M | 0.19% |
+1,660,160
| New | +$12.7M |
|
|
IPG
182
DELISTED
Interpublic Group of Companies
IPG
| $13M | 0.18% |
529,528
-408,209
| -44% | -$9.98M |
|
|
UFS
183
DELISTED
DOMTAR CORPORATION (New)
UFS
| $12.7M | 0.18% |
331,470
+203,410
| +159% | +$7.62M |
|
|
AVNS
184
DELISTED
Avanos Medical
AVNS
| $12.6M | 0.18% |
321,305
-102,608
| -24% | -$3.88M |
|
185
McCormick & Company Non-Voting
MKC
$14.9B
| $12.5M | 0.18% |
256,786
-333,640
| -57% | -$16.9M |
|
186
MiMedx Group
MDXG
$631M
| $12.4M | 0.17% |
830,253
+730,092
| +729% | +$9.74M |
|
187
ConocoPhillips
COP
$162B
| $12.4M | 0.17% |
+281,878
| New | +$13.1M |
|
188
Bath & Body Works
BBWI
$3.92B
| $12.3M | 0.17% |
282,318
-173,808
| -38% | -$7.12M |
|
|
WFC.WS
189
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $12.2M | 0.17% |
548,303
| – | – |
|
|
HBI
190
DELISTED
Hanesbrands
HBI
| $12.1M | 0.17% |
521,970
-666,116
| -56% | -$14.4M |
|
|
TGNA
191
DELISTED
TEGNA Inc
TGNA
| $12.1M | 0.17% |
838,883
-275,184
| -25% | -$4.23M |
|
192
Hubbell
HUBB
$24.8B
| $11.8M | 0.17% |
104,530
+79,443
| +317% | +$9.2M |
|
|
AZPN
193
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $11.8M | 0.17% |
214,084
-37,381
| -15% | -$2.07M |
|
194
Norfolk Southern
NSC
$78.8B
| $11.8M | 0.17% |
96,815
-100,807
| -51% | -$11.8M |
|
|
PF
195
DELISTED
Pinnacle Foods, Inc.
PF
| $11.8M | 0.17% |
198,168
-161,954
| -45% | -$9.68M |
|
|
COTV
196
DELISTED
Cotiviti Holdings, Inc.
COTV
| $11.7M | 0.16% |
316,320
+19,855
| +7% | +$780K |
|
197
Macy's
M
$6B
| $11.7M | 0.16% |
502,657
+314,977
| +168% | +$8.07M |
|
198
Saic
SAIC
$5.41B
| $11.6M | 0.16% |
167,378
-25,822
| -13% | -$1.9M |
|
199
Oneok
OKE
$58.8B
| $11.6M | 0.16% |
222,144
+165,837
| +295% | +$8.58M |
|
200
Trade Desk
TTD
$6.19B
| $11.5M | 0.16% |
2,294,840
-734,630
| -24% | -$3.36M |
|
Similar funds
Joel Greenblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Joel Greenblatt held 1,194 positions worth $7.13B, down 9.5% from $7.88B the previous quarter. Its ten largest holdings account for 8.3% of the portfolio.
Joel Greenblatt withdrew a net $741M in Q2 2017, closing 245 positions and reducing 411 holdings. Its most notable exit was Raytheon Company, an estimated $23.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Intuit worth $61.1M.
- Joel Greenblatt's largest Q2 2017 buy was Intuit: 460,059 shares worth $61.1M.
- Joel Greenblatt added most to Lowe's Companies in Q2 2017, an estimated $54.1M increase.
- Joel Greenblatt's biggest Q2 2017 reduction was Boeing, cutting an estimated $47.5M.
- Joel Greenblatt fully exited Raytheon Company in Q2 2017, selling an estimated $23.3M.
- Joel Greenblatt's ten largest holdings make up 8.3% of its $7.13B portfolio in Q2 2017.
- Joel Greenblatt opened 220 new positions and closed 245 in Q2 2017.
- Joel Greenblatt's portfolio value fell 9.5% quarter-over-quarter to $7.13B.
Based on Gotham Asset Management's 13F filing for Q2 2017, filed 14 Aug 2017.