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 |
RTN
Raytheon Company
RTN
|
+$65.1M |
| 2 |
Procter & Gamble
PG
|
+$55.8M |
| 3 |
Aptiv
APTV
|
+$52.2M |
| 4 |
Stanley Black & Decker
SWK
|
+$50.9M |
| 5 |
General Dynamics
GD
|
+$49.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$46.8M |
| 2 |
Lam Research
LRCX
|
+$46.2M |
| 3 |
Lowe's Companies
LOW
|
+$45.3M |
| 4 |
Royal Caribbean
RCL
|
+$40.3M |
| 5 |
Coca-Cola
KO
|
+$38.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.01% |
| 2 | Technology | 19.39% |
| 3 | Consumer Discretionary | 16.67% |
| 4 | Healthcare | 13.78% |
| 5 | Consumer Staples | 10.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.51T
| $80.7M | 1.13% |
1,924,044
+1,148,356
| +148% | +$49.4M |
|
2
Micron Technology
MU
$1.09T
| $76.9M | 1.08% |
1,475,404
-164,080
| -10% | -$7.85M |
|
3
Alphabet (Google) Class A
GOOGL
$4.22T
| $72.8M | 1.02% |
1,402,940
+184,320
| +15% | +$10.2M |
|
|
RTN
4
DELISTED
Raytheon Company
RTN
| $68.5M | 0.96% |
317,348
+314,533
| +11,173% | +$65.1M |
|
|
5
Procter & Gamble
PG
$336B
| $56.6M | 0.79% |
713,756
+669,696
| +1,520% | +$55.8M |
|
6
Cummins
CMI
$80.9B
| $54.5M | 0.76% |
336,182
+109,543
| +48% | +$18.8M |
|
7
Meta Platforms (Facebook)
META
$1.4T
| $54.4M | 0.76% |
340,299
+81,160
| +31% | +$14.6M |
|
8
Tyson Foods
TSN
$20.6B
| $54.1M | 0.76% |
739,394
+189,360
| +34% | +$14.5M |
|
|
9
General Dynamics
GD
$104B
| $54M | 0.75% |
244,297
+228,221
| +1,420% | +$49.6M |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $53.3M | 0.75% |
563,981
-131,770
| -19% | -$12.4M |
|
|
ESRX
11
DELISTED
Express Scripts Holding Company
ESRX
| $53.1M | 0.74% |
768,923
+58,007
| +8% | +$4.43M |
|
12
Texas Instruments
TXN
$241B
| $51.7M | 0.72% |
497,988
+281,679
| +130% | +$30.5M |
|
13
Boeing
BA
$169B
| $50.4M | 0.71% |
153,774
-12,391
| -7% | -$4.19M |
|
14
Pfizer
PFE
$160B
| $50.2M | 0.7% |
1,490,472
+1,437,854
| +2,733% | +$49.4M |
|
15
Johnson & Johnson
JNJ
$651B
| $50.1M | 0.7% |
390,826
+150,859
| +63% | +$20.4M |
|
|
16
Aptiv
APTV
$10B
| $49.6M | 0.69% |
583,265
+575,651
| +7,560% | +$52.2M |
|
17
Walmart Inc
WMT
$825B
| $49.4M | 0.69% |
1,664,196
+787,569
| +90% | +$25.3M |
|
18
Honeywell
HON
$68.4B
| $49.1M | 0.69% |
375,955
+249,534
| +197% | +$34.5M |
|
|
19
Stanley Black & Decker
SWK
$15.1B
| $48.3M | 0.68% |
315,378
+313,839
| +20,392% | +$50.9M |
|
20
Altria Group
MO
$110B
| $48.2M | 0.67% |
774,152
+224,213
| +41% | +$14.8M |
|
21
Verizon
VZ
$205B
| $47.9M | 0.67% |
1,001,350
+178,653
| +22% | +$8.98M |
|
22
Amgen
AMGN
$238B
| $46.6M | 0.65% |
273,355
+59,697
| +28% | +$11M |
|
23
IBM
IBM
$222B
| $46.3M | 0.65% |
+315,657
| New | +$47.8M |
|
24
Kroger
KR
$35.5B
| $44.5M | 0.62% |
1,856,791
+28,259
| +2% | +$768K |
|
25
Cisco
CSCO
$438B
| $43.6M | 0.61% |
1,017,479
-30,773
| -3% | -$1.31M |
|
Similar funds
Joel Greenblatt's Q1 2018 Portfolio in Review
As of Q1 2018, Joel Greenblatt held 1,159 positions worth $7.15B, up 3.8% from $6.89B the previous quarter. Its ten largest holdings account for 8.8% of the portfolio.
Joel Greenblatt deployed $359M of net new capital in Q1 2018, opening 240 new positions and adding to 360 existing holdings. Its largest new stake was IBM: 315,657 shares worth $46.3M.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Booking.com, an estimated $46.8M trimmed.
- Joel Greenblatt's largest Q1 2018 buy was IBM: 315,657 shares worth $46.3M.
- Joel Greenblatt added most to Raytheon Company in Q1 2018, an estimated $65.1M increase.
- Joel Greenblatt's biggest Q1 2018 reduction was Booking.com, cutting an estimated $46.8M.
- Joel Greenblatt fully exited Zimmer Biomet in Q1 2018, selling an estimated $37M.
- Joel Greenblatt's ten largest holdings make up 8.8% of its $7.15B portfolio in Q1 2018.
- Joel Greenblatt opened 240 new positions and closed 230 in Q1 2018.
- Joel Greenblatt's portfolio value rose 3.8% quarter-over-quarter to $7.15B.
Based on Gotham Asset Management's 13F filing for Q1 2018, filed 15 May 2018.