Joel Greenblatt manages a portfolio composed of 915 stocks with a total value of $11.9 billion. During the last quarter, he traded more than 1,000 stocks.
Along with selling out his stake in Johnson & Johnson and reducing his stake in Emerson Electric Co., Greeblatt also sold his stake in Pentair and Flowserve Corp.
Pentair is a diversified industrial manufacturing company comprised of four operating segments: Valves & Controls, Process Technologies, Flow Technologies and Technical Solutions. Flowserve Corp. is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in its customers’ critical processes, such as valves, pumps and seals.