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 |
Bunge Global
BG
|
+$71M |
| 2 |
RAD
Rite Aid Corporation
RAD
|
+$62.1M |
| 3 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.3M |
| 4 |
Abercrombie & Fitch
ANF
|
+$57M |
| 5 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$41.2M |
| 2 |
Whirlpool
WHR
|
+$39.9M |
| 3 |
Lockheed Martin
LMT
|
+$37.9M |
| 4 |
Intuit
INTU
|
+$37.1M |
| 5 |
United Therapeutics
UTHR
|
+$36.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.05% |
| 2 | Technology | 20.56% |
| 3 | Consumer Discretionary | 18.37% |
| 4 | Healthcare | 13.15% |
| 5 | Consumer Staples | 12.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bunge Global
BG
$21.7B
| $82.2M | 0.82% |
975,714
+880,097
| +920% | +$71M |
|
|
CSC
2
DELISTED
Computer Sciences
CSC
| $75.8M | 0.75% |
2,940,997
+1,095,358
| +59% | +$28.2M |
|
3
Delta Air Lines
DAL
$54.2B
| $75.6M | 0.75% |
2,090,925
+1,034,454
| +98% | +$39.5M |
|
4
Archer Daniels Midland
ADM
$38.7B
| $74M | 0.74% |
1,447,660
+855,675
| +145% | +$42M |
|
5
Gilead Sciences
GILD
$181B
| $70.7M | 0.7% |
664,223
+197,370
| +42% | +$19.3M |
|
6
ManpowerGroup
MAN
$2.86B
| $70.3M | 0.7% |
1,002,704
+348,814
| +53% | +$27.3M |
|
|
SAFM
7
DELISTED
Sanderson Farms Inc
SAFM
| $70M | 0.7% |
795,362
+257,187
| +48% | +$24.3M |
|
|
BRCD
8
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $69.7M | 0.69% |
6,407,865
+143,151
| +2% | +$1.39M |
|
9
Illinois Tool Works
ITW
$80.4B
| $69.1M | 0.69% |
817,986
+488,068
| +148% | +$42.2M |
|
10
Pilgrim's Pride
PPC
$7.68B
| $68.7M | 0.68% |
2,249,073
+46,776
| +2% | +$1.41M |
|
|
AVP
11
DELISTED
Avon Products, Inc.
AVP
| $67.3M | 0.67% |
5,337,862
+2,870,983
| +116% | +$39.4M |
|
12
Huntington Ingalls Industries
HII
$11.8B
| $64.5M | 0.64% |
618,894
+133,972
| +28% | +$13.2M |
|
13
Keurig Dr Pepper
KDP
$43.6B
| $64.4M | 0.64% |
1,001,524
+394,088
| +65% | +$24.1M |
|
|
TW
14
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $64.3M | 0.64% |
646,405
+222,142
| +52% | +$23.4M |
|
|
CBI
15
DELISTED
Chicago Bridge & Iron Nv
CBI
| $64.3M | 0.64% |
1,111,608
+431,826
| +64% | +$27.2M |
|
|
16
Abercrombie & Fitch
ANF
$4.84B
| $63.7M | 0.63% |
1,753,611
+1,398,852
| +394% | +$57M |
|
17
SPX Corp
SPXC
$10.4B
| $63.4M | 0.63% |
2,679,365
+919,418
| +52% | +$23.9M |
|
18
Tyson Foods
TSN
$20.6B
| $63.3M | 0.63% |
1,607,880
+273,551
| +21% | +$10.5M |
|
|
RAD
19
DELISTED
Rite Aid Corporation
RAD
| $61.9M | 0.62% |
639,423
+481,229
| +304% | +$62.1M |
|
20
Dana Inc
DAN
$3.41B
| $59.2M | 0.59% |
3,085,778
+932,885
| +43% | +$21.2M |
|
|
SVU
21
DELISTED
SUPERVALU Inc.
SVU
| $57.9M | 0.58% |
924,662
+76,335
| +9% | +$4.91M |
|
22
Pitney Bowes
PBI
$2.26B
| $56.4M | 0.56% |
2,256,595
+1,261,892
| +127% | +$33.7M |
|
23
Gen Digital
GEN
$17.3B
| $55.7M | 0.55% |
2,369,974
+790,853
| +50% | +$18.8M |
|
24
Philip Morris
PM
$293B
| $54.7M | 0.54% |
656,417
+490,796
| +296% | +$41.5M |
|
25
Oracle
ORCL
$422B
| $54.5M | 0.54% |
1,423,940
+529,402
| +59% | +$21.4M |
|
Similar funds
Joel Greenblatt's Q3 2014 Portfolio in Review
As of Q3 2014, Joel Greenblatt held 1,164 positions worth $10.1B, up 26% from $7.99B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.
Joel Greenblatt deployed $2.32B of net new capital in Q3 2014, opening 184 new positions and adding to 372 existing holdings. Its largest new stake was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Time Warner Inc, an estimated $41.2M trimmed.
- Joel Greenblatt's largest Q3 2014 buy was ARRIS International plc Ordinary Shares: 1,834,577 shares worth $52M.
- Joel Greenblatt added most to Bunge Global in Q3 2014, an estimated $71M increase.
- Joel Greenblatt's biggest Q3 2014 reduction was Time Warner Inc, cutting an estimated $41.2M.
- Joel Greenblatt fully exited Intuit in Q3 2014, selling an estimated $37.1M.
- Joel Greenblatt's ten largest holdings make up 7.2% of its $10.1B portfolio in Q3 2014.
- Joel Greenblatt opened 184 new positions and closed 194 in Q3 2014.
- Joel Greenblatt's portfolio value rose 26% quarter-over-quarter to $10.1B.
Based on Gotham Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.