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 |
Intuit
INTU
|
+$57.3M |
| 2 |
FedEx
FDX
|
+$53.4M |
| 3 |
Walt Disney
DIS
|
+$45.1M |
| 4 |
Automatic Data Processing
ADP
|
+$41.2M |
| 5 |
Parker-Hannifin
PH
|
+$37.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$53.3M |
| 2 |
General Motors
GM
|
+$41M |
| 3 |
Stanley Black & Decker
SWK
|
+$39.9M |
| 4 |
General Dynamics
GD
|
+$38.3M |
| 5 |
Emerson Electric
EMR
|
+$36.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.38% |
| 2 | Industrials | 16.38% |
| 3 | Consumer Discretionary | 16.34% |
| 4 | Healthcare | 13.71% |
| 5 | Consumer Staples | 12.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.51T
| $88.1M | 1.27% |
1,904,596
-19,448
| -1% | -$882K |
|
2
Micron Technology
MU
$1.09T
| $76.8M | 1.11% |
1,464,382
-11,022
| -0.7% | -$596K |
|
3
Cisco
CSCO
$438B
| $64.5M | 0.93% |
1,499,769
+482,290
| +47% | +$21.1M |
|
4
Walmart Inc
WMT
$825B
| $64.3M | 0.93% |
2,251,740
+587,544
| +35% | +$16.7M |
|
|
RTN
5
DELISTED
Raytheon Company
RTN
| $63.1M | 0.91% |
326,618
+9,270
| +3% | +$1.95M |
|
|
6
Intuit
INTU
$100B
| $61.6M | 0.89% |
301,366
+299,001
| +12,643% | +$57.3M |
|
7
Oracle
ORCL
$422B
| $60.7M | 0.88% |
1,378,051
+656,563
| +91% | +$30.2M |
|
8
Amazon
AMZN
$2.79T
| $58.4M | 0.84% |
687,420
+100,940
| +17% | +$8.01M |
|
9
Estee Lauder
EL
$36.9B
| $57.4M | 0.83% |
402,355
+209,502
| +109% | +$31M |
|
10
Kimberly-Clark
KMB
$36.4B
| $57M | 0.82% |
541,395
+315,360
| +140% | +$32.8M |
|
11
Medtronic
MDT
$119B
| $55.7M | 0.81% |
651,133
+223,176
| +52% | +$18.6M |
|
12
Altria Group
MO
$110B
| $55M | 0.79% |
967,786
+193,634
| +25% | +$11.2M |
|
13
Procter & Gamble
PG
$336B
| $53.8M | 0.78% |
689,300
-24,456
| -3% | -$1.84M |
|
14
IBM
IBM
$222B
| $53.3M | 0.77% |
398,881
+83,224
| +26% | +$11.6M |
|
15
Philip Morris
PM
$293B
| $51.6M | 0.75% |
639,447
+384,270
| +151% | +$32.6M |
|
|
16
Walt Disney
DIS
$186B
| $50.4M | 0.73% |
481,115
+441,380
| +1,111% | +$45.1M |
|
17
Johnson & Johnson
JNJ
$651B
| $50.3M | 0.73% |
414,164
+23,338
| +6% | +$2.91M |
|
|
18
FedEx
FDX
$76.9B
| $48.9M | 0.71% |
+215,574
| New | +$53.4M |
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $48.3M | 0.7% |
855,100
-547,840
| -39% | -$29.8M |
|
20
Home Depot
HD
$335B
| $47.7M | 0.69% |
244,355
+119,308
| +95% | +$22.3M |
|
21
HP
HPQ
$27.2B
| $47.2M | 0.68% |
2,081,381
+541,141
| +35% | +$12.1M |
|
22
Pfizer
PFE
$160B
| $46.2M | 0.67% |
1,342,057
-148,415
| -10% | -$5.07M |
|
23
DXC Technology
DXC
$1.73B
| $46.1M | 0.67% |
572,440
+175,564
| +44% | +$15.1M |
|
24
Accenture
ACN
$113B
| $46.1M | 0.67% |
282,019
+64,326
| +30% | +$10M |
|
25
PepsiCo
PEP
$196B
| $45.8M | 0.66% |
420,525
+58,797
| +16% | +$6.07M |
|
Similar funds
Joel Greenblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Joel Greenblatt held 1,146 positions worth $6.92B, down 3.2% from $7.15B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Joel Greenblatt withdrew a net $407M in Q2 2018, closing 284 positions and reducing 344 holdings. Its most notable exit was Time Warner Inc, an estimated $53.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Joel Greenblatt opened a new position in FedEx worth $48.9M.
- Joel Greenblatt's largest Q2 2018 buy was FedEx: 215,574 shares worth $48.9M.
- Joel Greenblatt added most to Intuit in Q2 2018, an estimated $57.3M increase.
- Joel Greenblatt's biggest Q2 2018 reduction was General Motors, cutting an estimated $41M.
- Joel Greenblatt fully exited Time Warner Inc in Q2 2018, selling an estimated $53.3M.
- Joel Greenblatt's ten largest holdings make up 9.4% of its $6.92B portfolio in Q2 2018.
- Joel Greenblatt opened 217 new positions and closed 284 in Q2 2018.
- Joel Greenblatt's portfolio value fell 3.2% quarter-over-quarter to $6.92B.
Based on Gotham Asset Management's 13F filing for Q2 2018, filed 14 Aug 2018.