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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 2 |
NewMarket
NEU
|
+$67.2M |
| 3 |
Gen Digital
GEN
|
+$66.9M |
| 4 |
General Mills
GIS
|
+$63.7M |
| 5 |
Humana
HUM
|
+$63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$97.7M |
| 2 |
Micron Technology
MU
|
+$88M |
| 3 |
MASI
Masimo
MASI
|
+$60.7M |
| 4 |
SNDK
Sandisk
SNDK
|
+$55.1M |
| 5 |
Crown Holdings
CCK
|
+$46.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.32% |
| 2 | Industrials | 11.66% |
| 3 | Consumer Discretionary | 9.38% |
| 4 | Healthcare | 7.34% |
| 5 | Financials | 4.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $8.51B | 19.8% |
11,393,386
+2,387,712
| +27% | +$1.73B |
|
2
Apple
AAPL
$4.51T
| $828M | 1.93% |
2,860,500
-12,750
| -0.4% | -$3.65M |
|
3
NVIDIA
NVDA
$5.2T
| $804M | 1.87% |
4,018,967
-113,906
| -3% | -$23.4M |
|
4
Gotham Enhanced 500 ETF
GSPY
$747M
| $689M | 1.6% |
16,966,988
-9,108
| -0.1% | -$358K |
|
5
iShares Core S&P 500 ETF
IVV
$893B
| $333M | 0.78% |
445,224
+9,840
| +2% | +$7.17M |
|
6
Snowflake
SNOW
$115B
| $263M | 0.61% |
1,031,926
+40,506
| +4% | +$7.45M |
|
7
Amazon
AMZN
$2.79T
| $200M | 0.47% |
839,512
+49,679
| +6% | +$12.5M |
|
8
Alphabet (Google) Class A
GOOGL
$4.22T
| $198M | 0.46% |
554,564
+5,443
| +1% | +$1.96M |
|
9
Vanguard S&P 500 ETF
VOO
$1.02T
| $196M | 0.46% |
286,051
+9,277
| +3% | +$6.18M |
|
10
Vanguard Morningstar Value ETF
VTV
$193B
| $191M | 0.44% |
875,457
+17,354
| +2% | +$3.62M |
|
11
iShares 0-3 Month Treasury Bond ETF
SGOV
$103B
| $157M | 0.37% |
1,562,089
+323,739
| +26% | +$32.5M |
|
|
12
Micron Technology
MU
$1.09T
| $147M | 0.34% |
127,169
-117,355
| -48% | -$88M |
|
|
SNDK
13
Sandisk
SNDK
$234B
| $141M | 0.33% |
61,881
-38,578
| -38% | -$55.1M |
|
14
Iridium Communications
IRDM
$5.19B
| $138M | 0.32% |
2,514,317
-839,654
| -25% | -$35.9M |
|
15
Airbnb
ABNB
$110B
| $134M | 0.31% |
936,718
+315,443
| +51% | +$43M |
|
16
Dell
DELL
$286B
| $132M | 0.31% |
307,070
-53,615
| -15% | -$15.5M |
|
17
Broadcom
AVGO
$1.75T
| $128M | 0.3% |
337,845
-7,426
| -2% | -$2.98M |
|
18
iShares Russell 3000 ETF
IWV
$20.2B
| $125M | 0.29% |
292,440
+3,820
| +1% | +$1.57M |
|
19
iShares Core MSCI EAFE ETF
IEFA
$195B
| $124M | 0.29% |
1,288,308
-26,716
| -2% | -$2.57M |
|
20
Microsoft
MSFT
$3.59T
| $124M | 0.29% |
332,643
+26,789
| +9% | +$10.8M |
|
21
Gotham 1000 Value ETF
GVLU
$262M
| $121M | 0.28% |
4,576,950
+400,000
| +10% | +$10.5M |
|
22
Lam Research
LRCX
$393B
| $120M | 0.28% |
276,730
-20,999
| -7% | -$6.37M |
|
23
Invesco QQQ Trust
QQQ
$486B
| $119M | 0.28% |
161,871
+13,768
| +9% | +$9.47M |
|
24
Caterpillar
CAT
$381B
| $112M | 0.26% |
105,101
-11,995
| -10% | -$10.5M |
|
|
25
Gen Digital
GEN
$17.3B
| $111M | 0.26% |
4,458,996
+2,995,101
| +205% | +$66.9M |
|
Similar funds
Joel Greenblatt's Q2 2026 Portfolio in Review
As of Q2 2026, Joel Greenblatt held 1,921 positions worth $43B, up 32% from $32.7B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Joel Greenblatt deployed $5.85B of net new capital in Q2 2026, opening 172 new positions and adding to 854 existing holdings. Its largest new stake was On Holding: 754,800 shares worth $26.7M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Western Digital, an estimated $97.7M trimmed.
- Joel Greenblatt's largest Q2 2026 buy was On Holding: 754,800 shares worth $26.7M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $1.73B increase.
- Joel Greenblatt's biggest Q2 2026 reduction was Western Digital, cutting an estimated $97.7M.
- Joel Greenblatt fully exited Masimo in Q2 2026, selling an estimated $60.7M.
- Joel Greenblatt's ten largest holdings make up 28% of its $43B portfolio in Q2 2026.
- Joel Greenblatt opened 172 new positions and closed 130 in Q2 2026.
- Joel Greenblatt's portfolio value rose 32% quarter-over-quarter to $43B.
Based on Gotham Asset Management's 13F filing for Q2 2026, filed 14 Aug 2026.