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
|
+$809M |
| 2 |
Apple
AAPL
|
+$122M |
| 3 |
NVIDIA
NVDA
|
+$103M |
| 4 |
Snowflake
SNOW
|
+$83.4M |
| 5 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$80.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMED
Amedisys
AMED
|
+$33.7M |
| 2 |
ANSS
Ansys
ANSS
|
+$29.2M |
| 3 |
PPG Industries
PPG
|
+$19.8M |
| 4 |
Lockheed Martin
LMT
|
+$17.5M |
| 5 |
SFBS
ServisFirst Bancshares
SFBS
|
+$17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.53% |
| 2 | Industrials | 12.02% |
| 3 | Consumer Discretionary | 9.89% |
| 4 | Healthcare | 7.59% |
| 5 | Financials | 5.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Donaldson
DCI
$10.8B
| $22.1M | 0.1% |
269,602
+95,209
| +55% | +$7.18M |
|
277
Paycom
PAYC
$10.3B
| $22.1M | 0.1% |
105,977
+9,603
| +10% | +$2.16M |
|
278
Antero Resources
AR
$11.7B
| $22M | 0.1% |
656,887
+382,775
| +140% | +$12.8M |
|
279
Zoom
ZM
$31.5B
| $22M | 0.1% |
266,741
+27,897
| +12% | +$2.18M |
|
280
Ventas
VTR
$47.7B
| $22M | 0.1% |
314,219
-41,658
| -12% | -$2.8M |
|
281
Yeti Holdings
YETI
$3.19B
| $22M | 0.1% |
662,387
+156,553
| +31% | +$5.47M |
|
282
Eaton
ETN
$163B
| $21.9M | 0.1% |
58,522
+4,753
| +9% | +$1.73M |
|
283
Envista
NVST
$4.37B
| $21.8M | 0.1% |
1,071,808
-143,607
| -12% | -$2.95M |
|
284
Wyndham Hotels & Resorts
WH
$5.54B
| $21.8M | 0.09% |
272,275
-21,128
| -7% | -$1.82M |
|
285
eBay
EBAY
$46.3B
| $21.5M | 0.09% |
236,649
+19,094
| +9% | +$1.69M |
|
286
A.O. Smith
AOS
$8.57B
| $21.5M | 0.09% |
292,566
+38,750
| +15% | +$2.77M |
|
287
Intuitive Machines
LUNR
$2.94B
| $21.5M | 0.09% |
2,040,000
| – | – |
|
288
Accenture
ACN
$113B
| $21.4M | 0.09% |
86,606
+26,193
| +43% | +$6.83M |
|
289
International Flavors & Fragrances
IFF
$21.5B
| $21.3M | 0.09% |
346,540
+252,163
| +267% | +$17.3M |
|
290
Service Corp International
SCI
$11.4B
| $21.3M | 0.09% |
256,003
+30,267
| +13% | +$2.41M |
|
291
Roper Technologies
ROP
$40.7B
| $21.2M | 0.09% |
42,598
+18,295
| +75% | +$9.76M |
|
292
Philip Morris
PM
$293B
| $21.2M | 0.09% |
130,598
+52,991
| +68% | +$8.92M |
|
293
Qorvo
QRVO
$8.43B
| $21.1M | 0.09% |
232,048
+41,618
| +22% | +$3.71M |
|
294
Waters Corp
WAT
$40.4B
| $21.1M | 0.09% |
70,308
+30,941
| +79% | +$9.34M |
|
295
Dollar Tree
DLTR
$25.3B
| $21M | 0.09% |
222,564
+121,382
| +120% | +$13M |
|
296
Trimble
TRMB
$14B
| $21M | 0.09% |
257,116
+24,042
| +10% | +$1.96M |
|
297
Omega Healthcare
OHI
$14.1B
| $21M | 0.09% |
497,069
-13,057
| -3% | -$527K |
|
298
EOG Resources
EOG
$80.3B
| $20.9M | 0.09% |
186,814
-2,672
| -1% | -$319K |
|
299
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $20.9M | 0.09% |
348,984
+107,176
| +44% | +$6.25M |
|
300
Cardinal Health
CAH
$53.4B
| $20.9M | 0.09% |
133,009
+21,077
| +19% | +$3.26M |
|
Similar funds
Joel Greenblatt's Q3 2025 Portfolio in Review
As of Q3 2025, Joel Greenblatt held 1,842 positions worth $23B, up 37% from $16.7B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Joel Greenblatt deployed $5.02B of net new capital in Q3 2025, opening 187 new positions and adding to 950 existing holdings. Its largest new stake was James Hardie Industries: 1,564,473 shares worth $30.1M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was PPG Industries, an estimated $19.8M trimmed.
- Joel Greenblatt's largest Q3 2025 buy was James Hardie Industries: 1,564,473 shares worth $30.1M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2025, an estimated $809M increase.
- Joel Greenblatt's biggest Q3 2025 reduction was PPG Industries, cutting an estimated $19.8M.
- Joel Greenblatt fully exited Amedisys in Q3 2025, selling an estimated $33.7M.
- Joel Greenblatt's ten largest holdings make up 28% of its $23B portfolio in Q3 2025.
- Joel Greenblatt opened 187 new positions and closed 166 in Q3 2025.
- Joel Greenblatt's portfolio value rose 37% quarter-over-quarter to $23B.
Based on Gotham Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.