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 |
Booking.com
BKNG
|
+$52.8M |
| 2 |
Abbott
ABT
|
+$46.5M |
| 3 |
Eaton
ETN
|
+$45.4M |
| 4 |
Tyson Foods
TSN
|
+$42.1M |
| 5 |
COL
Rockwell Collins
COL
|
+$41.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$49.3M |
| 2 |
Lockheed Martin
LMT
|
+$35.8M |
| 3 |
IBM
IBM
|
+$34.9M |
| 4 |
Walt Disney
DIS
|
+$33.6M |
| 5 |
FedEx
FDX
|
+$33.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.82% |
| 2 | Technology | 18.24% |
| 3 | Consumer Discretionary | 17.28% |
| 4 | Healthcare | 15.21% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
CVR Energy
CVI
$3.97B
| $12.8M | 0.19% |
343,102
-30,855
| -8% | -$960K |
|
177
McKesson
MCK
$100B
| $12.7M | 0.18% |
81,265
-140,761
| -63% | -$20.9M |
|
178
Boston Scientific
BSX
$73B
| $12.5M | 0.18% |
503,669
+475,026
| +1,658% | +$13.1M |
|
179
Globus Medical
GMED
$11.7B
| $12.4M | 0.18% |
302,503
-48,124
| -14% | -$1.68M |
|
180
News Corp Class A
NWSA
$16.4B
| $12.4M | 0.18% |
766,648
-85,476
| -10% | -$1.28M |
|
181
Constellation Brands
STZ
$23.2B
| $12.4M | 0.18% |
+54,315
| New | +$11.7M |
|
182
Microsoft
MSFT
$3.59T
| $12.4M | 0.18% |
144,573
-101,624
| -41% | -$8.34M |
|
|
BECN
183
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $12.4M | 0.18% |
+193,810
| New | +$11.1M |
|
184
Jacobs Solutions
J
$17.6B
| $12.1M | 0.18% |
222,311
-107,316
| -33% | -$5.5M |
|
185
SS&C Technologies
SSNC
$19.5B
| $12.1M | 0.18% |
298,435
+42,863
| +17% | +$1.75M |
|
186
Emcor
EME
$34.3B
| $12.1M | 0.18% |
147,634
+32,577
| +28% | +$2.52M |
|
|
WFC.WS
187
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $11.8M | 0.17% |
548,303
| – | – |
|
188
Danaher
DHR
$154B
| $11.8M | 0.17% |
143,302
+113,173
| +376% | +$9.2M |
|
189
Expeditors International
EXPD
$24.4B
| $11.7M | 0.17% |
180,770
-26,375
| -13% | -$1.62M |
|
190
RTX Corp
RTX
$283B
| $11.5M | 0.17% |
143,816
+14,646
| +11% | +$1.11M |
|
191
Capri Holdings
CPRI
$1.55B
| $11.5M | 0.17% |
182,239
-43,191
| -19% | -$2.37M |
|
|
COTV
192
DELISTED
Cotiviti Holdings, Inc.
COTV
| $11.5M | 0.17% |
356,033
+68,743
| +24% | +$2.28M |
|
193
Louisiana-Pacific
LPX
$5.12B
| $11.4M | 0.17% |
435,672
-358,188
| -45% | -$9.71M |
|
194
Signet Jewelers
SIG
$3.16B
| $11.4M | 0.17% |
201,746
-162,533
| -45% | -$9.93M |
|
|
TSS
195
DELISTED
Total System Services, Inc.
TSS
| $11.4M | 0.16% |
143,567
-46,501
| -24% | -$3.38M |
|
|
EXAS
196
DELISTED
Exact Sciences
EXAS
| $11.3M | 0.16% |
215,037
-121,882
| -36% | -$6.51M |
|
197
Cadence Design Systems
CDNS
$87.9B
| $11.2M | 0.16% |
268,716
+186,603
| +227% | +$8.02M |
|
198
Methanex
MEOH
$4.65B
| $11.1M | 0.16% |
183,932
-348,647
| -65% | -$18.4M |
|
199
Universal Health Services
UHS
$10.4B
| $11M | 0.16% |
97,339
+18,557
| +24% | +$1.98M |
|
|
GAP
200
The Gap Inc
GAP
$7.13B
| $10.9M | 0.16% |
321,224
-84,282
| -21% | -$2.51M |
|
Similar funds
Joel Greenblatt's Q4 2017 Portfolio in Review
As of Q4 2017, Joel Greenblatt held 1,145 positions worth $6.89B, up 1.1% from $6.81B the previous quarter. Its ten largest holdings account for 9% of the portfolio.
Joel Greenblatt withdrew a net $293M in Q4 2017, closing 226 positions and reducing 374 holdings. Its most notable exit was IBM, an estimated $34.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Eaton worth $46.2M.
- Joel Greenblatt's largest Q4 2017 buy was Eaton: 584,166 shares worth $46.2M.
- Joel Greenblatt added most to Booking.com in Q4 2017, an estimated $52.8M increase.
- Joel Greenblatt's biggest Q4 2017 reduction was Intuit, cutting an estimated $49.3M.
- Joel Greenblatt fully exited IBM in Q4 2017, selling an estimated $34.9M.
- Joel Greenblatt's ten largest holdings make up 9% of its $6.89B portfolio in Q4 2017.
- Joel Greenblatt opened 248 new positions and closed 226 in Q4 2017.
- Joel Greenblatt's portfolio value rose 1.1% quarter-over-quarter to $6.89B.
Based on Gotham Asset Management's 13F filing for Q4 2017, filed 14 Feb 2018.