{
  "data": {
    "slug": "joel-greenblatt",
    "name": "Joel Greenblatt",
    "fund": "Gotham Asset Management",
    "role": "Co-CIO",
    "philosophy": "Buy good companies at cheap prices. Magic Formula.",
    "bio": "Founder of Gotham Capital, achieved 50% annual returns 1985-1994. Author of The Little Book That Beats the Market.",
    "longest_holding": "Microsoft (since 2009)",
    "quality_score": 8,
    "cagr_10y": 9,
    "holdings": [
      {
        "ticker": "MSFT",
        "name": "Microsoft",
        "pct": 4.1,
        "shares_mn": 0.4,
        "thesis": "Quality compounder. Magic Formula stalwart."
      },
      {
        "ticker": "AAPL",
        "name": "Apple",
        "pct": 3.8,
        "shares_mn": 0.8,
        "thesis": "High ROIC, reasonable multiple."
      },
      {
        "ticker": "META",
        "name": "Meta Platforms",
        "pct": 3.2,
        "shares_mn": 0.3,
        "thesis": "Cash flow machine post-2022 reset."
      },
      {
        "ticker": "GOOGL",
        "name": "Alphabet",
        "pct": 3,
        "shares_mn": 0.6,
        "thesis": "Search dominance + AI optionality."
      },
      {
        "ticker": "JPM",
        "name": "JPMorgan Chase",
        "pct": 2.8,
        "shares_mn": 0.5,
        "thesis": "Best-in-class bank franchise."
      },
      {
        "ticker": "UNH",
        "name": "UnitedHealth",
        "pct": 2.5,
        "shares_mn": 0.2,
        "thesis": "Healthcare scale + Optum."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "UNH",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 3.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "META",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 3.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "UNH",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 2.5
      },
      {
        "quarter": "2025-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 3.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "INTC",
        "action": "exit",
        "delta_pct": null,
        "portfolio_impact_pct": null
      },
      {
        "quarter": "2025-Q2",
        "ticker": "UNH",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "NVDA",
        "action": "add",
        "delta_pct": 22,
        "portfolio_impact_pct": 2.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AAPL",
        "action": "add",
        "delta_pct": 17,
        "portfolio_impact_pct": 1.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 60,
        "portfolio_impact_pct": 1.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "AMZN",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 0.9
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BN",
        "action": "add",
        "delta_pct": 37,
        "portfolio_impact_pct": 0.9
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GOOGL",
        "action": "add",
        "delta_pct": 28,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GOOG",
        "action": "add",
        "delta_pct": 14,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MU",
        "action": "add",
        "delta_pct": 28,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PDD",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 0.7
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BKNG",
        "action": "add",
        "delta_pct": 19,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CB",
        "action": "trim",
        "delta_pct": -9,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MA",
        "action": "add",
        "delta_pct": 53,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GEV",
        "action": "add",
        "delta_pct": 34,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "FTI",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 0.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ADBE",
        "action": "add",
        "delta_pct": 82,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ABNB",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CNC",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CRM",
        "action": "add",
        "delta_pct": 34,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 31,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GM",
        "action": "add",
        "delta_pct": 28,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "IVV",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MRK",
        "action": "trim",
        "delta_pct": -23,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "META",
        "action": "trim",
        "delta_pct": -10,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "VRSN",
        "action": "add",
        "delta_pct": 11,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "WMT",
        "action": "trim",
        "delta_pct": -23,
        "portfolio_impact_pct": 0.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "ANET",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "DHR",
        "action": "add",
        "delta_pct": 53,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "LLY",
        "action": "add",
        "delta_pct": 69,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "JNJ",
        "action": "trim",
        "delta_pct": -9,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PEP",
        "action": "trim",
        "delta_pct": -11,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PFE",
        "action": "add",
        "delta_pct": 11,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "REGN",
        "action": "add",
        "delta_pct": 24,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "TSLA",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 0.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "COF",
        "action": "add",
        "delta_pct": 7,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "C",
        "action": "trim",
        "delta_pct": -11,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CVI",
        "action": "add",
        "delta_pct": 58,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "DAL",
        "action": "add",
        "delta_pct": 37,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "DG",
        "action": "add",
        "delta_pct": 38,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "EMCOR",
        "action": "add",
        "delta_pct": 40,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "IT",
        "action": "add",
        "delta_pct": 89,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "LRCX",
        "action": "trim",
        "delta_pct": -7,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "NYT",
        "action": "add",
        "delta_pct": 31,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "OXY",
        "action": "add",
        "delta_pct": 229,
        "portfolio_impact_pct": 0.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PLTR",
        "action": "trim",
        "delta_pct": -11,
        "portfolio_impact_pct": 0.3
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
    "license_url": "https://holdlens.com/api-terms",
    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
  }
}