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 |
TJX Companies
TJX
|
+$34.8M |
| 2 |
Kinder Morgan
KMI
|
+$27.8M |
| 3 |
EOG Resources
EOG
|
+$27.5M |
| 4 |
Medtronic
MDT
|
+$27.1M |
| 5 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bristol-Myers Squibb
BMY
|
+$42.7M |
| 2 |
Apple
AAPL
|
+$36.5M |
| 3 |
Comcast
CMCSA
|
+$33.5M |
| 4 |
CVS Health
CVS
|
+$30.9M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$29.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.53% |
| 2 | Technology | 15.96% |
| 3 | Consumer Discretionary | 14.59% |
| 4 | Healthcare | 13.04% |
| 5 | Consumer Staples | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Hewlett Packard
HPE
$70.8B
| $5.46M | 0.15% |
562,334
-171,449
| -23% | -$2.25M |
|
202
American Express
AXP
$227B
| $5.42M | 0.15% |
63,327
-36,990
| -37% | -$4.3M |
|
203
Advance Auto Parts
AAP
$2.57B
| $5.39M | 0.15% |
57,787
+17,024
| +42% | +$2.21M |
|
204
J.M. Smucker
SJM
$13.3B
| $5.38M | 0.15% |
48,500
+15,716
| +48% | +$1.68M |
|
205
Zebra Technologies
ZBRA
$17.4B
| $5.38M | 0.15% |
29,307
+16,951
| +137% | +$3.81M |
|
206
Robert Half
RHI
$4.58B
| $5.35M | 0.15% |
141,646
+16,121
| +13% | +$873K |
|
207
C.H. Robinson
CHRW
$16.5B
| $5.34M | 0.15% |
80,604
+12,728
| +19% | +$914K |
|
|
FLIR
208
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $5.33M | 0.15% |
166,986
+152,723
| +1,071% | +$7.18M |
|
209
Reliance Steel & Aluminium
RS
$19.8B
| $5.32M | 0.15% |
60,787
-79,684
| -57% | -$8.5M |
|
210
Whirlpool
WHR
$2.63B
| $5.32M | 0.15% |
61,965
-30,520
| -33% | -$4.01M |
|
211
Dominion Energy
D
$58.6B
| $5.29M | 0.15% |
73,348
+68,345
| +1,366% | +$5.58M |
|
212
Mastercard
MA
$509B
| $5.26M | 0.15% |
21,787
-10,806
| -33% | -$3.21M |
|
213
Brunswick
BC
$5.24B
| $5.22M | 0.15% |
147,592
+119,333
| +422% | +$6.33M |
|
214
Zimmer Biomet
ZBH
$19.3B
| $5.21M | 0.14% |
+53,094
| New | +$6.96M |
|
|
STMP
215
DELISTED
Stamps.com, Inc.
STMP
| $5.19M | 0.14% |
39,921
-7,598
| -16% | -$796K |
|
216
Norfolk Southern
NSC
$78.8B
| $5.16M | 0.14% |
35,368
-18,741
| -35% | -$3.46M |
|
217
Ingersoll Rand
IR
$31.2B
| $5.12M | 0.14% |
206,354
+17,468
| +9% | +$555K |
|
218
Starbucks
SBUX
$122B
| $5.1M | 0.14% |
77,620
+31,629
| +69% | +$2.56M |
|
219
Lattice Semiconductor
LSCC
$16.7B
| $5.1M | 0.14% |
285,981
-69,388
| -20% | -$1.31M |
|
220
Axalta
AXTA
$7.75B
| $5.07M | 0.14% |
293,271
+243,447
| +489% | +$6.23M |
|
221
APA Corp
APA
$15.2B
| $5.06M | 0.14% |
1,210,107
+799,207
| +195% | +$17.8M |
|
222
JB Hunt Transport Services
JBHT
$25.9B
| $5.02M | 0.14% |
54,459
-16,073
| -23% | -$1.67M |
|
223
Danaher
DHR
$154B
| $5.01M | 0.14% |
40,843
-3,715
| -8% | -$501K |
|
224
Pentair
PNR
$10.3B
| $4.94M | 0.14% |
166,069
+50,562
| +44% | +$2.03M |
|
225
PTC
PTC
$16.8B
| $4.88M | 0.14% |
79,658
+66,688
| +514% | +$4.94M |
|
Similar funds
Joel Greenblatt's Q1 2020 Portfolio in Review
As of Q1 2020, Joel Greenblatt held 1,293 positions worth $3.6B, down 34% from $5.45B the previous quarter. Its ten largest holdings account for 9.7% of the portfolio.
Joel Greenblatt withdrew a net $266M in Q1 2020, closing 238 positions and reducing 416 holdings. Its most notable exit was Johnson Controls International, an estimated $28.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, down from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in CONCHO RESOURCES INC. worth $16.6M.
- Joel Greenblatt's largest Q1 2020 buy was CONCHO RESOURCES INC.: 388,298 shares worth $16.6M.
- Joel Greenblatt added most to TJX Companies in Q1 2020, an estimated $34.8M increase.
- Joel Greenblatt's biggest Q1 2020 reduction was Bristol-Myers Squibb, cutting an estimated $42.7M.
- Joel Greenblatt fully exited Johnson Controls International in Q1 2020, selling an estimated $28.1M.
- Joel Greenblatt's ten largest holdings make up 9.7% of its $3.6B portfolio in Q1 2020.
- Joel Greenblatt opened 206 new positions and closed 238 in Q1 2020.
- Joel Greenblatt's portfolio value fell 34% quarter-over-quarter to $3.6B.
Based on Gotham Asset Management's 13F filing for Q1 2020, filed 15 May 2020.