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 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$54.1M |
| 2 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
+$42.9M |
| 3 |
Teradata
TDC
|
+$40.2M |
| 4 |
Delta Air Lines
DAL
|
+$39.9M |
| 5 |
Monster Beverage
MNST
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$53.1M |
| 2 |
News Corp Class B
NWS
|
+$33.3M |
| 3 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$31.9M |
| 4 |
C.H. Robinson
CHRW
|
+$30.5M |
| 5 |
IM
Ingram Micro
IM
|
+$26.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.69% |
| 2 | Technology | 19.82% |
| 3 | Consumer Discretionary | 19.24% |
| 4 | Consumer Staples | 12.32% |
| 5 | Healthcare | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Caterpillar
CAT
$381B
| $60.5M | 0.76% |
556,994
+181,505
| +48% | +$19.1M |
|
2
Pilgrim's Pride
PPC
$7.68B
| $60.3M | 0.75% |
2,202,297
+289,995
| +15% | +$6.89M |
|
|
BRCD
3
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $57.6M | 0.72% |
6,264,714
+2,779,817
| +80% | +$25.6M |
|
4
United Therapeutics
UTHR
$22B
| $57.2M | 0.72% |
646,066
+329,577
| +104% | +$31.7M |
|
5
ManpowerGroup
MAN
$2.86B
| $55.5M | 0.69% |
653,890
+365,098
| +126% | +$29.7M |
|
6
Dana Inc
DAN
$3.41B
| $52.6M | 0.66% |
2,152,893
+1,172,348
| +120% | +$26.3M |
|
|
SAFM
7
DELISTED
Sanderson Farms Inc
SAFM
| $52.3M | 0.65% |
538,175
+130,433
| +32% | +$11.3M |
|
8
Pfizer
PFE
$160B
| $51.7M | 0.65% |
1,835,345
+765,737
| +72% | +$21.8M |
|
|
NSR
9
DELISTED
Neustar Inc
NSR
| $50.3M | 0.63% |
1,932,639
+1,131,451
| +141% | +$30.7M |
|
10
Tyson Foods
TSN
$20.6B
| $50.1M | 0.63% |
1,334,329
+812,079
| +155% | +$32.5M |
|
11
Edgewell Personal Care
EPC
$1.32B
| $49.6M | 0.62% |
548,220
+89,060
| +19% | +$7.32M |
|
12
NetApp
NTAP
$37.7B
| $49.4M | 0.62% |
1,353,528
+346,702
| +34% | +$12.4M |
|
13
Conagra Brands
CAG
$7.89B
| $49.3M | 0.62% |
2,132,646
+1,017,861
| +91% | +$24.6M |
|
|
CSC
14
DELISTED
Computer Sciences
CSC
| $49.2M | 0.62% |
1,845,639
+632,863
| +52% | +$16.4M |
|
15
Deckers Outdoor
DECK
$12.5B
| $49M | 0.61% |
3,405,114
+819,312
| +32% | +$10.9M |
|
|
SVU
16
DELISTED
SUPERVALU Inc.
SVU
| $48.8M | 0.61% |
848,327
+249,933
| +42% | +$12.9M |
|
17
SPX Corp
SPXC
$10.4B
| $48M | 0.6% |
1,759,947
+202,505
| +13% | +$5.26M |
|
|
FTR
18
DELISTED
Frontier Communications Corp.
FTR
| $47M | 0.59% |
536,014
+94,922
| +22% | +$8.21M |
|
19
Cardinal Health
CAH
$53.4B
| $46.6M | 0.58% |
680,062
+300,754
| +79% | +$20.5M |
|
|
CBI
20
DELISTED
Chicago Bridge & Iron Nv
CBI
| $46.4M | 0.58% |
+679,782
| New | +$54.1M |
|
21
Huntington Ingalls Industries
HII
$11.8B
| $45.9M | 0.57% |
484,922
+268,143
| +124% | +$26.8M |
|
22
Arrow Electronics
ARW
$10.7B
| $45.1M | 0.56% |
746,530
+408,065
| +121% | +$23.8M |
|
23
Gentex
GNTX
$4.98B
| $44.3M | 0.55% |
3,047,174
+1,031,540
| +51% | +$15.1M |
|
|
TW
24
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $44.2M | 0.55% |
424,263
+392,713
| +1,245% | +$42.9M |
|
25
Myriad Genetics
MYGN
$306M
| $43.5M | 0.54% |
1,117,351
-88,748
| -7% | -$3.3M |
|
Similar funds
Joel Greenblatt's Q2 2014 Portfolio in Review
As of Q2 2014, Joel Greenblatt held 1,196 positions worth $7.99B, up 20% from $6.64B the previous quarter. Its ten largest holdings account for 6.9% of the portfolio.
Joel Greenblatt deployed $1.17B of net new capital in Q2 2014, opening 202 new positions and adding to 378 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was C.H. Robinson, an estimated $30.5M trimmed.
- Joel Greenblatt's largest Q2 2014 buy was Chicago Bridge & Iron Nv: 679,782 shares worth $46.4M.
- Joel Greenblatt added most to TOWERS WATSON & CO COM STK CL A (DE) in Q2 2014, an estimated $42.9M increase.
- Joel Greenblatt's biggest Q2 2014 reduction was C.H. Robinson, cutting an estimated $30.5M.
- Joel Greenblatt fully exited State Street SPDR S&P 500 ETF Trust in Q2 2014, selling an estimated $53.1M.
- Joel Greenblatt's ten largest holdings make up 6.9% of its $7.99B portfolio in Q2 2014.
- Joel Greenblatt opened 202 new positions and closed 216 in Q2 2014.
- Joel Greenblatt's portfolio value rose 20% quarter-over-quarter to $7.99B.
Based on Gotham Asset Management's 13F filing for Q2 2014, filed 14 Aug 2014.