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 |
BILL Holdings
BILL
|
+$41.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$35.9M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$35.8M |
| 4 |
PayPal
PYPL
|
+$17.4M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$14M |
| 2 |
Lam Research
LRCX
|
+$12.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$9.54M |
| 4 |
VMW
VMware, Inc
VMW
|
+$9.3M |
| 5 |
Valvoline
VVV
|
+$9.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.4% |
| 2 | Industrials | 12.68% |
| 3 | Consumer Discretionary | 10.55% |
| 4 | Healthcare | 8.73% |
| 5 | Financials | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $471M | 8.75% |
991,922
+80,542
| +9% | +$35.9M |
|
|
2
Gotham Enhanced 500 ETF
GSPY
$747M
| $324M | 6% |
12,413,226
+1,450,000
| +13% | +$35.8M |
|
3
iShares Core S&P 500 ETF
IVV
$893B
| $87.6M | 1.63% |
183,504
| – | – |
|
4
Apple
AAPL
$4.51T
| $83M | 1.54% |
431,269
+19,988
| +5% | +$3.69M |
|
5
Snowflake
SNOW
$115B
| $77.8M | 1.44% |
391,040
+43
| +0% | +$7.27K |
|
6
Microsoft
MSFT
$3.59T
| $71.3M | 1.32% |
189,580
-788
| -0.4% | -$280K |
|
7
Alphabet (Google) Class A
GOOGL
$4.22T
| $51.9M | 0.96% |
371,279
-1,167
| -0.3% | -$157K |
|
8
Gotham 1000 Value ETF
GVLU
$262M
| $50.1M | 0.93% |
2,295,000
| – | – |
|
9
Amazon
AMZN
$2.79T
| $44.6M | 0.83% |
293,435
+7,982
| +3% | +$1.12M |
|
|
10
Meta Platforms (Facebook)
META
$1.4T
| $35M | 0.65% |
98,839
-29,305
| -23% | -$9.54M |
|
11
NVIDIA
NVDA
$5.2T
| $34.9M | 0.65% |
705,260
-134,800
| -16% | -$6.25M |
|
12
iShares Core MSCI EAFE ETF
IEFA
$195B
| $31.8M | 0.59% |
452,480
+12,930
| +3% | +$852K |
|
13
iShares Core MSCI Emerging Markets ETF
IEMG
$160B
| $30.5M | 0.57% |
603,610
-81,266
| -12% | -$3.94M |
|
14
Broadcom
AVGO
$1.75T
| $28.6M | 0.53% |
255,790
+9,880
| +4% | +$936K |
|
15
Johnson & Johnson
JNJ
$651B
| $25.1M | 0.47% |
160,343
+35,351
| +28% | +$5.42M |
|
16
ExxonMobil
XOM
$679B
| $22.8M | 0.42% |
228,224
+55,923
| +32% | +$5.88M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.06T
| $22.1M | 0.41% |
61,955
-20,958
| -25% | -$7.36M |
|
18
Vanguard Total Bond Market
BND
$161B
| $21.5M | 0.4% |
291,683
| – | – |
|
|
19
PayPal
PYPL
$52.7B
| $20.6M | 0.38% |
335,460
+303,622
| +954% | +$17.4M |
|
20
Cisco
CSCO
$438B
| $20.1M | 0.37% |
397,853
-4,226
| -1% | -$216K |
|
21
Salesforce
CRM
$171B
| $19.8M | 0.37% |
75,091
-29,164
| -28% | -$6.6M |
|
22
NRG Energy
NRG
$23.8B
| $18.5M | 0.34% |
357,618
+172,400
| +93% | +$7.79M |
|
23
Parker-Hannifin
PH
$126B
| $17.8M | 0.33% |
38,630
+12,522
| +48% | +$5.21M |
|
24
Applied Materials
AMAT
$391B
| $17.6M | 0.33% |
108,494
-56,257
| -34% | -$8.27M |
|
25
Caterpillar
CAT
$381B
| $17.3M | 0.32% |
58,642
-24,217
| -29% | -$6.28M |
|
Similar funds
Joel Greenblatt's Q4 2023 Portfolio in Review
As of Q4 2023, Joel Greenblatt held 1,470 positions worth $5.39B, up 11% from $4.84B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Joel Greenblatt's Q4 2023 filing shows 157 new, 492 increased, 650 reduced and 145 closed positions. Its largest new stake was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M. The largest sale was Pfizer, an estimated $14M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Joel Greenblatt's largest Q4 2023 buy was Fidelity Fundamental Small-Mid Cap ETF: 457,078 shares worth $4.99M.
- Joel Greenblatt added most to BILL Holdings in Q4 2023, an estimated $41.5M increase.
- Joel Greenblatt's biggest Q4 2023 reduction was Pfizer, cutting an estimated $14M.
- Joel Greenblatt fully exited VMware, Inc in Q4 2023, selling an estimated $9.3M.
- Joel Greenblatt's ten largest holdings make up 24% of its $5.39B portfolio in Q4 2023.
- Joel Greenblatt opened 157 new positions and closed 145 in Q4 2023.
- Joel Greenblatt's portfolio value rose 11% quarter-over-quarter to $5.39B.
Based on Gotham Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.