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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$73.2M |
| 2 |
Kenvue
KVUE
|
+$17.4M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$16.8M |
| 4 |
NVIDIA
NVDA
|
+$13.3M |
| 5 |
Emerson Electric
EMR
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$9.96M |
| 2 |
Motorola Solutions
MSI
|
+$8.01M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$7.53M |
| 4 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$6.58M |
| 5 |
DuPont de Nemours
DD
|
+$6.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.59% |
| 2 | Industrials | 12.8% |
| 3 | Consumer Discretionary | 10.56% |
| 4 | Healthcare | 9.63% |
| 5 | Consumer Staples | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Ralph Lauren
RL
$22.2B
| $6.38M | 0.13% |
54,945
+20,666
| +60% | +$2.5M |
|
177
Textron
TXT
$14.3B
| $6.36M | 0.13% |
81,346
-8,473
| -9% | -$631K |
|
178
American Airlines Group
AAL
$9.15B
| $6.35M | 0.13% |
495,985
-150,179
| -23% | -$2.33M |
|
179
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
| $6.35M | 0.13% |
126,558
+6,687
| +6% | +$335K |
|
|
IPG
180
DELISTED
Interpublic Group of Companies
IPG
| $6.33M | 0.13% |
220,887
+104,134
| +89% | +$3.47M |
|
181
Vistra
VST
$45.7B
| $6.29M | 0.13% |
189,443
+118,426
| +167% | +$3.56M |
|
182
Monolithic Power Systems
MPWR
$64.7B
| $6.26M | 0.13% |
13,541
+6,376
| +89% | +$3.26M |
|
|
EA
183
DELISTED
Electronic Arts
EA
| $6.25M | 0.13% |
51,887
+39,839
| +331% | +$5.01M |
|
184
HF Sinclair
DINO
$17.3B
| $6.24M | 0.13% |
109,546
+7,547
| +7% | +$410K |
|
185
Walt Disney
DIS
$186B
| $6.2M | 0.13% |
76,509
+39,850
| +109% | +$3.4M |
|
186
Crane Co
CR
$12B
| $6.19M | 0.13% |
69,712
+24,114
| +53% | +$2.15M |
|
187
Royal Caribbean
RCL
$78.1B
| $6.18M | 0.13% |
67,094
+15,390
| +30% | +$1.54M |
|
188
Oneok
OKE
$58.8B
| $6.17M | 0.13% |
97,278
-82,265
| -46% | -$5.37M |
|
189
CSX Corp
CSX
$95.6B
| $6.17M | 0.13% |
200,619
+74,072
| +59% | +$2.35M |
|
190
Molina Healthcare
MOH
$10.5B
| $6.17M | 0.13% |
18,812
-10,224
| -35% | -$3.22M |
|
191
e.l.f. Beauty
ELF
$6.02B
| $6.17M | 0.13% |
56,156
-17,315
| -24% | -$2.1M |
|
192
Consolidated Edison
ED
$39.3B
| $6.17M | 0.13% |
72,107
+5,053
| +8% | +$460K |
|
193
Dentsply Sirona
XRAY
$2.18B
| $6.17M | 0.13% |
180,541
+77,431
| +75% | +$2.94M |
|
194
Unity
U
$20.7B
| $6.16M | 0.13% |
196,229
-31,440
| -14% | -$1.21M |
|
195
Deckers Outdoor
DECK
$12.5B
| $6.14M | 0.13% |
71,718
+1,524
| +2% | +$136K |
|
196
United Therapeutics
UTHR
$22B
| $6.09M | 0.13% |
26,961
-1,300
| -5% | -$299K |
|
197
Agilent Technologies
A
$44.9B
| $6.09M | 0.13% |
54,437
+38,737
| +247% | +$4.64M |
|
198
Intuitive Surgical
ISRG
$134B
| $6.07M | 0.13% |
20,758
+5,562
| +37% | +$1.74M |
|
199
Vertiv
VRT
$101B
| $6.01M | 0.12% |
161,480
+91,806
| +132% | +$3.03M |
|
200
Lattice Semiconductor
LSCC
$16.7B
| $6M | 0.12% |
69,812
+38,099
| +120% | +$3.44M |
|
Similar funds
Joel Greenblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Joel Greenblatt held 1,436 positions worth $4.84B, up 5.3% from $4.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Joel Greenblatt deployed $403M of net new capital in Q3 2023, opening 141 new positions and adding to 623 existing holdings. Its largest new stake was Kenvue: 750,862 shares worth $15.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was EOG Resources, an estimated $9.96M trimmed.
- Joel Greenblatt's largest Q3 2023 buy was Kenvue: 750,862 shares worth $15.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $73.2M increase.
- Joel Greenblatt's biggest Q3 2023 reduction was EOG Resources, cutting an estimated $9.96M.
- Joel Greenblatt fully exited Univar Solutions Inc. in Q3 2023, selling an estimated $7.53M.
- Joel Greenblatt's ten largest holdings make up 22% of its $4.84B portfolio in Q3 2023.
- Joel Greenblatt opened 141 new positions and closed 123 in Q3 2023.
- Joel Greenblatt's portfolio value rose 5.3% quarter-over-quarter to $4.84B.
Based on Gotham Asset Management's 13F filing for Q3 2023, filed 14 Nov 2023.