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 |
Linde
LIN
|
+$50.5M |
| 2 |
Comcast
CMCSA
|
+$31.1M |
| 3 |
Lowe's Companies
LOW
|
+$26.3M |
| 4 |
Occidental Petroleum
OXY
|
+$24.2M |
| 5 |
Ford
F
|
+$24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$44.3M |
| 2 |
Phillips 66
PSX
|
+$34M |
| 3 |
Honeywell
HON
|
+$28.9M |
| 4 |
Intuit
INTU
|
+$28.1M |
| 5 |
RTN
Raytheon Company
RTN
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.74% |
| 2 | Industrials | 16.83% |
| 3 | Healthcare | 15.35% |
| 4 | Consumer Discretionary | 11.7% |
| 5 | Consumer Staples | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Medpace
MEDP
$17.3B
| $9.19M | 0.16% |
109,359
-21,533
| -16% | -$1.63M |
|
177
TJX Companies
TJX
$155B
| $9.17M | 0.16% |
164,566
-260,534
| -61% | -$14.2M |
|
|
DFS
178
DELISTED
Discover Financial Services
DFS
| $9M | 0.16% |
110,959
+9,908
| +10% | +$818K |
|
179
Tractor Supply
TSCO
$18.2B
| $8.97M | 0.16% |
495,790
+480,765
| +3,200% | +$9.96M |
|
180
Paycom
PAYC
$10.3B
| $8.92M | 0.16% |
42,599
+5,177
| +14% | +$1.21M |
|
181
Robert Half
RHI
$4.58B
| $8.87M | 0.16% |
159,296
-139,721
| -47% | -$7.88M |
|
182
American Express
AXP
$227B
| $8.86M | 0.16% |
74,869
-78,010
| -51% | -$9.57M |
|
|
BLD
183
DELISTED
TopBuild
BLD
| $8.78M | 0.16% |
91,028
+2,594
| +3% | +$229K |
|
184
Gen Digital
GEN
$17.3B
| $8.6M | 0.15% |
363,802
+325,258
| +844% | +$7.59M |
|
185
United Airlines
UAL
$36.7B
| $8.45M | 0.15% |
95,561
+90,469
| +1,777% | +$8M |
|
186
Estee Lauder
EL
$36.9B
| $8.41M | 0.15% |
42,287
-88,266
| -68% | -$16.9M |
|
187
VeriSign
VRSN
$25.5B
| $8.38M | 0.15% |
44,432
+29,290
| +193% | +$6.02M |
|
188
Conagra Brands
CAG
$7.89B
| $8.34M | 0.15% |
271,833
+44,331
| +19% | +$1.28M |
|
189
Seagate
STX
$193B
| $8.33M | 0.15% |
154,893
-59,914
| -28% | -$2.94M |
|
190
Coty
COTY
$2.41B
| $8.29M | 0.15% |
789,086
+578,469
| +275% | +$6M |
|
191
Ingersoll Rand
IR
$31.2B
| $8.28M | 0.15% |
292,585
+23,301
| +9% | +$720K |
|
|
CTRA
192
DELISTED
Coterra Energy
CTRA
| $8.25M | 0.15% |
469,392
+141,012
| +43% | +$2.7M |
|
193
MasTec
MTZ
$21.4B
| $8.2M | 0.14% |
126,309
+119,889
| +1,867% | +$7M |
|
194
McDonald's
MCD
$192B
| $8.1M | 0.14% |
37,712
-79,349
| -68% | -$17M |
|
195
Mattel
MAT
$4.15B
| $8.06M | 0.14% |
707,806
-112,688
| -14% | -$1.29M |
|
196
United Rentals
URI
$68.4B
| $7.98M | 0.14% |
64,020
+21,631
| +51% | +$2.62M |
|
197
Paylocity
PCTY
$8.14B
| $7.88M | 0.14% |
80,737
+25,697
| +47% | +$2.63M |
|
198
Landstar System
LSTR
$6.33B
| $7.76M | 0.14% |
68,948
-12,288
| -15% | -$1.35M |
|
199
PVH
PVH
$3.62B
| $7.75M | 0.14% |
87,823
-87,876
| -50% | -$7.34M |
|
200
Campbell Soup
CPB
$7.14B
| $7.71M | 0.14% |
164,270
-201,657
| -55% | -$8.71M |
|
Similar funds
Joel Greenblatt's Q3 2019 Portfolio in Review
As of Q3 2019, Joel Greenblatt held 1,300 positions worth $5.66B, down 9.7% from $6.27B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Joel Greenblatt withdrew a net $593M in Q3 2019, closing 225 positions and reducing 527 holdings. Its most notable exit was Phillips 66, an estimated $34M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Joel Greenblatt opened a new position in Marathon Petroleum worth $23.5M.
- Joel Greenblatt's largest Q3 2019 buy was Marathon Petroleum: 387,491 shares worth $23.5M.
- Joel Greenblatt added most to Linde in Q3 2019, an estimated $50.5M increase.
- Joel Greenblatt's biggest Q3 2019 reduction was Eli Lilly, cutting an estimated $44.3M.
- Joel Greenblatt fully exited Phillips 66 in Q3 2019, selling an estimated $34M.
- Joel Greenblatt's ten largest holdings make up 11% of its $5.66B portfolio in Q3 2019.
- Joel Greenblatt opened 185 new positions and closed 225 in Q3 2019.
- Joel Greenblatt's portfolio value fell 9.7% quarter-over-quarter to $5.66B.
Based on Gotham Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.