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
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AET
176
DELISTED
Aetna Inc
AET
| $13M | 0.19% |
70,627
+37,660
| +114% | +$6.71M |
|
177
Copart
CPRT
$31.3B
| $12.9M | 0.19% |
915,068
+728,884
| +391% | +$9.87M |
|
178
Cameco
CCJ
$44.6B
| $12.9M | 0.19% |
1,148,235
+647,306
| +129% | +$7.05M |
|
179
Church & Dwight Co
CHD
$23.4B
| $12.8M | 0.18% |
240,677
+104,191
| +76% | +$5.04M |
|
180
Adobe
ADBE
$109B
| $12.7M | 0.18% |
52,274
+28,962
| +124% | +$6.85M |
|
181
DuPont de Nemours
DD
$18.7B
| $12.7M | 0.18% |
+75,900
| New | +$12.7M |
|
182
Generac Holdings
GNRC
$12.2B
| $12.5M | 0.18% |
242,378
-119,103
| -33% | -$5.78M |
|
183
Teledyne Technologies
TDY
$29.5B
| $12.5M | 0.18% |
62,832
+15,339
| +32% | +$3.03M |
|
184
Ingersoll Rand
IR
$31.2B
| $12.4M | 0.18% |
421,311
+370,256
| +725% | +$11.7M |
|
|
WFC.WS
185
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $12.1M | 0.17% |
548,303
| – | – |
|
|
QVCGA
186
DELISTED
QVC Group Inc Series A
QVCGA
| $12M | 0.17% |
1,621
+23
| +1% | +$25.5K |
|
187
Xylem
XYL
$26.5B
| $12M | 0.17% |
177,550
-124,996
| -41% | -$9.08M |
|
|
TUP
188
DELISTED
Tupperware Brands Corporation
TUP
| $12M | 0.17% |
289,827
+20,534
| +8% | +$901K |
|
189
Berkshire Hathaway Class B
BRK.B
$1.06T
| $11.9M | 0.17% |
63,854
+1,815
| +3% | +$354K |
|
190
Freeport-McMoran
FCX
$110B
| $11.8M | 0.17% |
685,872
+74,576
| +12% | +$1.26M |
|
|
RHT
191
DELISTED
Red Hat Inc
RHT
| $11.7M | 0.17% |
87,045
+83,888
| +2,657% | +$13.5M |
|
192
United Rentals
URI
$68.4B
| $11.7M | 0.17% |
+79,176
| New | +$12.9M |
|
193
GE Aerospace
GE
$361B
| $11.6M | 0.17% |
177,630
-103,686
| -37% | -$6.92M |
|
194
InterDigital
IDCC
$8.84B
| $11.5M | 0.17% |
142,356
-51,026
| -26% | -$4.06M |
|
195
Rogers Communications
RCI
$19.6B
| $11.5M | 0.17% |
242,604
+29,146
| +14% | +$1.37M |
|
196
UnitedHealth
UNH
$350B
| $11.5M | 0.17% |
46,885
+9,359
| +25% | +$2.25M |
|
197
Mastercard
MA
$509B
| $11.5M | 0.17% |
58,358
+14,090
| +32% | +$2.65M |
|
198
CGI
GIB
$15.5B
| $11.5M | 0.17% |
180,938
+65,791
| +57% | +$3.96M |
|
199
Universal Health Services
UHS
$10.4B
| $11.4M | 0.16% |
102,131
+8,155
| +9% | +$955K |
|
200
Bath & Body Works
BBWI
$3.92B
| $11.3M | 0.16% |
379,718
-109,915
| -22% | -$3.17M |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.