Matthew Tewksbury Unlocked Joel Greenblatt’s Magic Formula

In the list of common stock holdings of Stevens Capital Management and Gotham Asset Management, we find Altria Group Inc (NYSE:MO). The cigarette manufacturer holding company is the third-largest stock investment of Matthew Tewksbury, who owns 830,051 shares valued at $41.52 million. Gotham Asset Management’s stake in Altria Group Inc (NYSE:MO) is half of the position held by Stevens Capital Management, 416,755 shares valued at $20.85 million. Altria Group is popular among dividend investors, as the company has a dividend yield of 4.24%. Altria Group Inc (NYSE:MO) has attracted large investments from Gardner Russo & Gardner, and Millennium Management.

Gilead Sciences, Inc. (NASDAQ:GILD) is the largest stock holding of Joel Greenblatt, as he owns 1.11 million shares of the biopharmaceutical company, with a market value of $108.70 million. Matthew Tewksbury has a comparatively smaller position in the biotech company of about 1/10 the size, consisting of 111,466 shares valued at $10.94 million. According to a recent list of the top five fastest-growing Fortune 500 pharmaceutical companies, published by Fierce Pharma, Gilead Sciences, Inc. (NASDAQ:GILD) stands in the number one spot and is the most-traded biotech stock on the market. The shares of the biopharmaceutical company have grown 28.05% year-to-date and its shares are trading close to its all-time high price of $122.38. Columbus Circle Investors is the largest stockholder of Gilead Sciences, Inc. (NASDAQ:GILD) among the funds tracked by Insider Monkey.

Gotham Asset Management holds a large position in Sanderson Farms, Inc. (NASDAQ:SAFM) of 1.13 million shares valued at $89.74 million. Stevens Capital Management reduced its investment in the poultry processor by 40% during the first quarter of 2015, with current ownership of 8,345 shares valued at $665,000. The shares of the small-cap poultry company have declined 7.5% year-to-date, lowering its market cap to $1.80 billion. Sanderson Farms announced its second quarter 2015 financial results on May 28, reporting net sales of $716.6 million and net income of $71.2 million. Royce & Associates is among the largest shareholders of Sanderson Farms, Inc. (NASDAQ:SAFM), with a holding worth $98.73 million.

Disclosure: None