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 | |
|---|---|---|---|---|---|---|
326
Brookfield Renewable
BEPC
$6.17B
| $19.4M | 0.08% |
563,610
+28,803
| +5% | +$987K |
|
327
Advanced Micro Devices
AMD
$773B
| $19.4M | 0.08% |
119,762
+41,256
| +53% | +$6.66M |
|
328
Carvana
CVNA
$76.9B
| $19.4M | 0.08% |
256,725
-14,560
| -5% | -$1.04M |
|
329
Monster Beverage
MNST
$93.6B
| $19.3M | 0.08% |
574,548
+99,124
| +21% | +$3.09M |
|
330
Albertsons Companies
ACI
$6.01B
| $19.3M | 0.08% |
1,102,340
+667,281
| +153% | +$13.1M |
|
331
GE Aerospace
GE
$361B
| $19.2M | 0.08% |
63,887
+14,830
| +30% | +$4.05M |
|
332
FedEx
FDX
$76.9B
| $19.2M | 0.08% |
81,382
+45,557
| +127% | +$10.5M |
|
333
Teradyne
TER
$58.7B
| $19.2M | 0.08% |
139,315
-14,181
| -9% | -$1.55M |
|
334
Neurocrine Biosciences
NBIX
$15.5B
| $19.1M | 0.08% |
136,354
+45,225
| +50% | +$6.13M |
|
335
Chemed
CHE
$7.07B
| $19.1M | 0.08% |
42,743
+32,545
| +319% | +$14.7M |
|
336
General Motors
GM
$77.2B
| $19.1M | 0.08% |
313,710
-29,037
| -8% | -$1.62M |
|
337
Jacobs Solutions
J
$17.6B
| $19.1M | 0.08% |
127,454
+38,288
| +43% | +$5.5M |
|
|
MASI
338
DELISTED
Masimo
MASI
| $19M | 0.08% |
129,026
-36,330
| -22% | -$5.5M |
|
339
GoDaddy
GDDY
$12.3B
| $19M | 0.08% |
138,891
+91,884
| +195% | +$14.1M |
|
340
McCormick & Company Non-Voting
MKC
$14.9B
| $19M | 0.08% |
283,994
+58,910
| +26% | +$4.13M |
|
341
VICI Properties
VICI
$29.2B
| $18.9M | 0.08% |
580,568
+281,794
| +94% | +$9.29M |
|
342
Ford
F
$57.5B
| $18.9M | 0.08% |
1,582,606
+904,295
| +133% | +$10.4M |
|
343
Teradata
TDC
$2.58B
| $18.9M | 0.08% |
878,365
+445,243
| +103% | +$9.58M |
|
344
Deere & Co
DE
$175B
| $18.9M | 0.08% |
41,250
+11,216
| +37% | +$5.53M |
|
345
Dollar General
DG
$27.2B
| $18.8M | 0.08% |
182,187
+69,968
| +62% | +$7.67M |
|
346
iShares Core S&P Total US Stock Market ETF
ITOT
$96.9B
| $18.7M | 0.08% |
128,689
+6,629
| +5% | +$930K |
|
347
Fidelity Total Bond ETF
FBND
$27.3B
| $18.7M | 0.08% |
405,035
+37,531
| +10% | +$1.72M |
|
348
Clearway Energy Class C
CWEN
$6.68B
| $18.6M | 0.08% |
659,043
-24,135
| -4% | -$731K |
|
349
Halozyme
HALO
$12.3B
| $18.6M | 0.08% |
252,934
+184,882
| +272% | +$12.3M |
|
350
Leidos
LDOS
$17.7B
| $18.4M | 0.08% |
97,489
+8,191
| +9% | +$1.43M |
|
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.