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 |
Polaris
PII
|
+$76.1M |
| 2 |
Owens Corning
OC
|
+$54.4M |
| 3 |
Ford
F
|
+$54.3M |
| 4 |
USG
Usg
USG
|
+$52.1M |
| 5 |
Teradyne
TER
|
+$47.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$69.9M |
| 2 |
Parker-Hannifin
PH
|
+$60.7M |
| 3 |
Abbott
ABT
|
+$59.9M |
| 4 |
Micron Technology
MU
|
+$56.4M |
| 5 |
CNW
CON-WAY INC.
CNW
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 25.42% |
| 2 | Technology | 20.59% |
| 3 | Consumer Discretionary | 18.86% |
| 4 | Healthcare | 11.57% |
| 5 | Consumer Staples | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TMH
201
DELISTED
Team Health Holdings Inc
TMH
| $14.7M | 0.16% |
+335,771
| New | +$17.8M |
|
202
MillerKnoll
MLKN
$1.57B
| $14.6M | 0.16% |
507,989
+2,282
| +0.5% | +$70.1K |
|
203
Allegiant Air
ALGT
$2.24B
| $14.5M | 0.16% |
86,679
+43,894
| +103% | +$8.45M |
|
204
Enerpac Tool Group
EPAC
$1.9B
| $14.5M | 0.16% |
606,418
+291,958
| +93% | +$6.7M |
|
205
AMN Healthcare
AMN
$1.33B
| $14.4M | 0.16% |
464,069
+420,170
| +957% | +$12.4M |
|
206
Tetra Tech
TTEK
$9.47B
| $14.4M | 0.16% |
2,761,630
-367,370
| -12% | -$1.96M |
|
|
TW
207
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $14M | 0.15% |
109,354
-339,317
| -76% | -$43.4M |
|
|
BOBE
208
DELISTED
Bob Evans Farms, Inc.
BOBE
| $14M | 0.15% |
360,221
-110,333
| -23% | -$4.59M |
|
209
Archer Daniels Midland
ADM
$38.7B
| $14M | 0.15% |
+381,503
| New | +$15.3M |
|
210
Advanced Energy
AEIS
$11.4B
| $14M | 0.15% |
495,492
-10,266
| -2% | -$292K |
|
|
AVP
211
DELISTED
Avon Products, Inc.
AVP
| $13.9M | 0.15% |
3,428,186
-7,099,126
| -67% | -$26.1M |
|
|
AMWD
212
DELISTED
American Woodmark
AMWD
| $13.8M | 0.15% |
172,682
-13,681
| -7% | -$1.03M |
|
213
Franklin Templeton
BEN
$17.4B
| $13.8M | 0.15% |
374,806
+19,528
| +5% | +$764K |
|
|
BUFF
214
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $13.8M | 0.15% |
735,810
+27,658
| +4% | +$505K |
|
215
BCE
BCE
$22.1B
| $13.7M | 0.15% |
355,485
-584,828
| -62% | -$24.7M |
|
216
LyondellBasell Industries
LYB
$21.8B
| $13.6M | 0.15% |
156,936
-4,645
| -3% | -$427K |
|
|
AMED
217
DELISTED
Amedisys
AMED
| $13.6M | 0.15% |
345,912
+208,525
| +152% | +$8.34M |
|
218
Bloomin' Brands
BLMN
$996M
| $13.6M | 0.15% |
805,204
-53,492
| -6% | -$928K |
|
219
Lear
LEA
$8.56B
| $13.6M | 0.15% |
+110,527
| New | +$13.5M |
|
|
CTB
220
DELISTED
Cooper Tire & Rubber Co.
CTB
| $13.4M | 0.15% |
+355,223
| New | +$14.5M |
|
|
ARRS
221
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $13.4M | 0.15% |
+437,620
| New | +$12.9M |
|
222
DNOW Inc
DNOW
$2.83B
| $13.3M | 0.14% |
+843,722
| New | +$14.4M |
|
223
Seagate
STX
$193B
| $13.3M | 0.14% |
+363,343
| New | +$13.8M |
|
224
Nucor
NUE
$55.3B
| $13.3M | 0.14% |
329,898
+40,902
| +14% | +$1.68M |
|
225
Carlisle Companies
CSL
$14.6B
| $13.2M | 0.14% |
+149,090
| New | +$13.2M |
|
Similar funds
Joel Greenblatt's Q4 2015 Portfolio in Review
As of Q4 2015, Joel Greenblatt held 1,109 positions worth $9.21B, down 10% from $10.2B the previous quarter. Its ten largest holdings account for 8% of the portfolio.
Joel Greenblatt withdrew a net $1.18B in Q4 2015, closing 256 positions and reducing 364 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $69.9M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in Polaris worth $61.7M.
- Joel Greenblatt's largest Q4 2015 buy was Polaris: 717,618 shares worth $61.7M.
- Joel Greenblatt added most to Ford in Q4 2015, an estimated $54.3M increase.
- Joel Greenblatt's biggest Q4 2015 reduction was Parker-Hannifin, cutting an estimated $60.7M.
- Joel Greenblatt fully exited Twenty-First Century Fox, Inc. Class A in Q4 2015, selling an estimated $69.9M.
- Joel Greenblatt's ten largest holdings make up 8% of its $9.21B portfolio in Q4 2015.
- Joel Greenblatt opened 214 new positions and closed 256 in Q4 2015.
- Joel Greenblatt's portfolio value fell 10% quarter-over-quarter to $9.21B.
Based on Gotham Asset Management's 13F filing for Q4 2015, filed 16 Feb 2016.