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 |
SPR
Spirit AeroSystems
SPR
|
+$18.4M |
| 2 |
DF
Dean Foods Company
DF
|
+$17.8M |
| 3 |
GameStop
GME
|
+$16M |
| 4 |
Amdocs
DOX
|
+$14.3M |
| 5 |
FTR
Frontier Communications Corp.
FTR
|
+$14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCRX
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
|
+$23.5M |
| 2 |
United Therapeutics
UTHR
|
+$16M |
| 3 |
Abercrombie & Fitch
ANF
|
+$13M |
| 4 |
American Eagle Outfitters
AEO
|
+$11M |
| 5 |
OUTR
OUTERWALL INC
OUTR
|
+$9.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.78% |
| 2 | Technology | 19.27% |
| 3 | Consumer Discretionary | 17.3% |
| 4 | Healthcare | 11.45% |
| 5 | Consumer Staples | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Lattice Semiconductor
LSCC
$16.7B
| $7.03M | 0.17% |
+1,279,969
| New | +$6.62M |
|
|
MRO
202
DELISTED
Marathon Oil Corporation
MRO
| $6.98M | 0.17% |
197,704
+12,601
| +7% | +$450K |
|
203
Ashland
ASH
$3.33B
| $6.92M | 0.16% |
+145,856
| New | +$6.52M |
|
|
SAVE
204
DELISTED
Spirit Airlines, Inc.
SAVE
| $6.88M | 0.16% |
151,612
-66,920
| -31% | -$2.85M |
|
205
NVIDIA
NVDA
$5.2T
| $6.88M | 0.16% |
17,170,000
-18,508,360
| -52% | -$7.17M |
|
|
CKP
206
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $6.87M | 0.16% |
435,757
+105,296
| +32% | +$1.65M |
|
207
Accenture
ACN
$113B
| $6.85M | 0.16% |
83,355
-13,624
| -14% | -$1.03M |
|
|
PPLI
208
People Inc
PPLI
$2.86B
| $6.84M | 0.16% |
+557,784
| New | +$5.75M |
|
209
Pfizer
PFE
$160B
| $6.81M | 0.16% |
234,283
+165,720
| +242% | +$4.82M |
|
210
Rogers Corp
ROG
$2.26B
| $6.79M | 0.16% |
110,382
+78,822
| +250% | +$4.75M |
|
211
Federal Signal
FSS
$7.48B
| $6.73M | 0.16% |
459,527
+359,966
| +362% | +$5.13M |
|
212
HCA Healthcare
HCA
$92.9B
| $6.63M | 0.16% |
138,999
+80,245
| +137% | +$3.71M |
|
|
JOSB
213
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
| $6.61M | 0.16% |
120,650
+82,415
| +216% | +$4.22M |
|
|
HSH
214
DELISTED
HILLSHIRE BRANDS CO
HSH
| $6.52M | 0.16% |
194,910
-144,002
| -42% | -$4.67M |
|
215
Helmerich & Payne
HP
$4.35B
| $6.51M | 0.16% |
77,453
-8,942
| -10% | -$696K |
|
216
Donaldson
DCI
$10.8B
| $6.49M | 0.15% |
149,381
+112,715
| +307% | +$4.59M |
|
217
NETGEAR
NTGR
$571M
| $6.46M | 0.15% |
196,199
-48,130
| -20% | -$1.5M |
|
|
STMP
218
DELISTED
Stamps.com, Inc.
STMP
| $6.43M | 0.15% |
152,700
+134,655
| +746% | +$6.03M |
|
219
Robert Half
RHI
$4.58B
| $6.42M | 0.15% |
152,811
+15,005
| +11% | +$591K |
|
220
Vodafone
VOD
$36.9B
| $6.41M | 0.15% |
+159,877
| New | +$6.02M |
|
221
La-Z-Boy
LZB
$1.35B
| $6.4M | 0.15% |
206,594
-26,005
| -11% | -$672K |
|
222
Mattel
MAT
$4.15B
| $6.4M | 0.15% |
134,595
+49,971
| +59% | +$2.23M |
|
223
CGI
GIB
$15.5B
| $6.4M | 0.15% |
191,342
+94,913
| +98% | +$3.36M |
|
|
SEM
224
DELISTED
Select Medical
SEM
| $6.39M | 0.15% |
1,022,107
-586,225
| -36% | -$2.86M |
|
225
Expeditors International
EXPD
$24.4B
| $6.36M | 0.15% |
143,763
+115,110
| +402% | +$5.03M |
|
Similar funds
Joel Greenblatt's Q4 2013 Portfolio in Review
As of Q4 2013, Joel Greenblatt held 1,100 positions worth $4.2B, up 36% from $3.08B the previous quarter. Its ten largest holdings account for 6.3% of the portfolio.
Joel Greenblatt deployed $796M of net new capital in Q4 2013, opening 219 new positions and adding to 392 existing holdings. Its largest new stake was Spirit AeroSystems: 625,966 shares worth $21.3M.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was United Therapeutics, an estimated $16M trimmed.
- Joel Greenblatt's largest Q4 2013 buy was Spirit AeroSystems: 625,966 shares worth $21.3M.
- Joel Greenblatt added most to Dean Foods Company in Q4 2013, an estimated $17.8M increase.
- Joel Greenblatt's biggest Q4 2013 reduction was United Therapeutics, cutting an estimated $16M.
- Joel Greenblatt fully exited WARNER CHILCOTT PLC ORD SHS CL A (IRL) in Q4 2013, selling an estimated $23.5M.
- Joel Greenblatt's ten largest holdings make up 6.3% of its $4.2B portfolio in Q4 2013.
- Joel Greenblatt opened 219 new positions and closed 150 in Q4 2013.
- Joel Greenblatt's portfolio value rose 36% quarter-over-quarter to $4.2B.
Based on Gotham Asset Management's 13F filing for Q4 2013, filed 14 Feb 2014.