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 |
RTX Corp
RTX
|
+$79.2M |
| 2 |
eBay
EBAY
|
+$65.8M |
| 3 |
Baxter International
BAX
|
+$64.6M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$57.6M |
| 5 |
Biogen
BIIB
|
+$56.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$85.2M |
| 2 |
SAFM
Sanderson Farms Inc
SAFM
|
+$65.9M |
| 3 |
Polaris
PII
|
+$61.7M |
| 4 |
Lam Research
LRCX
|
+$54M |
| 5 |
Teradyne
TER
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.04% |
| 2 | Technology | 19.86% |
| 3 | Consumer Discretionary | 17.24% |
| 4 | Healthcare | 16.73% |
| 5 | Consumer Staples | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Gilead Sciences
GILD
$181B
| $88.9M | 1% |
967,642
+93,396
| +11% | +$8.42M |
|
|
2
RTX Corp
RTX
$283B
| $86M | 0.96% |
+1,365,401
| New | +$79.2M |
|
|
ESRX
3
DELISTED
Express Scripts Holding Company
ESRX
| $79.6M | 0.89% |
1,158,428
+801,168
| +224% | +$57.6M |
|
4
Apple
AAPL
$4.51T
| $79.1M | 0.89% |
2,901,956
+1,045,548
| +56% | +$26M |
|
|
5
Biogen
BIIB
$32B
| $77.8M | 0.87% |
298,673
+214,096
| +253% | +$56.6M |
|
6
Intel
INTC
$476B
| $77.1M | 0.86% |
2,383,606
+1,757,905
| +281% | +$53.9M |
|
7
Boeing
BA
$169B
| $70M | 0.78% |
551,214
+173,222
| +46% | +$21.5M |
|
8
Tyson Foods
TSN
$20.6B
| $69.8M | 0.78% |
1,046,584
-497,672
| -32% | -$29.9M |
|
|
9
Baxter International
BAX
$13.6B
| $69.6M | 0.78% |
+1,695,068
| New | +$64.6M |
|
|
10
eBay
EBAY
$46.3B
| $67.9M | 0.76% |
2,844,186
+2,702,949
| +1,914% | +$65.8M |
|
11
Merck
MRK
$376B
| $66.1M | 0.74% |
1,308,488
+518,850
| +66% | +$25.4M |
|
12
Texas Instruments
TXN
$241B
| $65.8M | 0.74% |
1,146,416
+458,023
| +67% | +$24.3M |
|
13
McKesson
MCK
$100B
| $57.7M | 0.65% |
367,238
+320,323
| +683% | +$51.8M |
|
14
Western Digital
WDC
$166B
| $57.3M | 0.64% |
1,603,862
+335,960
| +26% | +$12M |
|
15
Qualcomm
QCOM
$169B
| $55.1M | 0.62% |
1,077,519
+548,552
| +104% | +$26.7M |
|
16
Delta Air Lines
DAL
$54.2B
| $54.7M | 0.61% |
1,122,905
+9,379
| +0.8% | +$438K |
|
|
IM
17
DELISTED
Ingram Micro
IM
| $54.2M | 0.61% |
1,509,668
-939,205
| -38% | -$30M |
|
18
Darden Restaurants
DRI
$25.2B
| $54.2M | 0.61% |
817,030
+386,954
| +90% | +$24.5M |
|
19
IBM
IBM
$222B
| $52.9M | 0.59% |
365,580
+71,682
| +24% | +$9.16M |
|
20
Cisco
CSCO
$438B
| $51.8M | 0.58% |
1,820,994
+455,867
| +33% | +$11.7M |
|
21
HCA Healthcare
HCA
$92.9B
| $48.6M | 0.54% |
622,232
+374,893
| +152% | +$26.2M |
|
22
Amgen
AMGN
$238B
| $48.5M | 0.54% |
323,405
+46,654
| +17% | +$6.93M |
|
23
Fluor
FLR
$7.01B
| $48.4M | 0.54% |
901,957
-59,802
| -6% | -$2.81M |
|
24
NVIDIA
NVDA
$5.2T
| $47.8M | 0.54% |
53,612,960
+51,667,960
| +2,656% | +$39.4M |
|
25
Pfizer
PFE
$160B
| $46.8M | 0.52% |
+1,662,435
| New | +$47.5M |
|
Similar funds
Joel Greenblatt's Q1 2016 Portfolio in Review
As of Q1 2016, Joel Greenblatt held 1,164 positions worth $8.92B, down 3.1% from $9.21B the previous quarter. Its ten largest holdings account for 8.6% of the portfolio.
Joel Greenblatt withdrew a net $529M in Q1 2016, closing 214 positions and reducing 363 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $85.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in RTX Corp worth $86M.
- Joel Greenblatt's largest Q1 2016 buy was RTX Corp: 1,365,401 shares worth $86M.
- Joel Greenblatt added most to eBay in Q1 2016, an estimated $65.8M increase.
- Joel Greenblatt's biggest Q1 2016 reduction was Sanderson Farms Inc, cutting an estimated $65.9M.
- Joel Greenblatt fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $85.2M.
- Joel Greenblatt's ten largest holdings make up 8.6% of its $8.92B portfolio in Q1 2016.
- Joel Greenblatt opened 311 new positions and closed 214 in Q1 2016.
- Joel Greenblatt's portfolio value fell 3.1% quarter-over-quarter to $8.92B.
Based on Gotham Asset Management's 13F filing for Q1 2016, filed 16 May 2016.