Strategic Moves Highlighted in Joel Greenblatt’s Latest 13F Filing
Are you looking for some insights into the latest strategic moves by renowned investor Joel Greenblatt? Look no further, as we dive into the highlights of his recent 13F filing for the first quarter of 2024.
Joel Greenblatt, the founder of Gotham Asset Management, LLC, is well-known for his Magic Formula Investing strategy, which focuses on identifying undervalued companies with high returns on capital. His investment philosophy revolves around acquiring stocks at a discount to their true value, often with a catalyst to unlock price appreciation. As an Adjunct Professor at Columbia Business School and the author of influential investment books like “The Little Book that Beats the Market,” Greenblatt’s expertise is widely respected in the investment world.
In the latest 13F filing, Greenblatt added 166 new stocks to his portfolio. Noteworthy acquisitions include Qorvo Inc (NASDAQ:QRVO), iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), and Cencora Inc (NYSE:COR). Additionally, Greenblatt made significant enhancements to existing positions, such as increasing holdings in S&P 500 ETF TRUST ETF (SPY) and NVIDIA Corp (NASDAQ:NVDA).
On the other hand, Greenblatt also exited 124 positions during the quarter, including Splunk Inc (SPLK) and Concentrix Corp (NASDAQ:CNXC). Reductions were notable in holdings like JM Smucker Co (NYSE:SJM) and Hologic Inc (NASDAQ:HOLX).
As of the first quarter of 2024, Greenblatt’s portfolio consisted of 1,368 stocks, with top holdings in S&P 500 ETF TRUST ETF (SPY), Gotham Enhanced 500 ETF (GSPY), iShares Core S&P 500 ETF (IVV), NVIDIA Corp (NVDA), and Apple Inc (AAPL). The investments span across all 11 industries, with significant concentrations in Technology, Industrials, and Consumer Cyclical sectors.
Keep in mind that the information provided is for general insights and should not be considered as personalized financial advice. Always conduct thorough research and consult with a financial advisor before making any investment decisions. To stay updated on the latest market trends and strategies, visit GuruFocus for more detailed analysis.
Remember, successful investing requires careful consideration and due diligence. Stay informed, stay strategic, and navigate the markets with confidence. Happy investing!
