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 | |
|---|---|---|---|---|---|---|
376
Northrop Grumman
NOC
$78.3B
| $32.1M | 0.07% |
62,977
+41,289
| +190% | +$23.8M |
|
377
International Flavors & Fragrances
IFF
$21.5B
| $31.9M | 0.07% |
402,725
+114,107
| +40% | +$8.49M |
|
378
Reinsurance Group of America
RGA
$15.9B
| $31.9M | 0.07% |
149,990
+11,857
| +9% | +$2.47M |
|
379
Fortune Brands Innovations
FBIN
$5.32B
| $31.8M | 0.07% |
578,790
+499,877
| +633% | +$20M |
|
380
RLI Corp
RLI
$6B
| $31.8M | 0.07% |
537,759
-256,442
| -32% | -$13.8M |
|
381
Aecom
ACM
$8.34B
| $31.7M | 0.07% |
454,550
+319,781
| +237% | +$24.5M |
|
382
Alcoa
AA
$13.7B
| $31.7M | 0.07% |
607,628
-33,592
| -5% | -$2.25M |
|
383
BWX Technologies
BWXT
$14.4B
| $31.6M | 0.07% |
162,234
-15,312
| -9% | -$3.19M |
|
384
Ameren
AEE
$29.4B
| $31.6M | 0.07% |
279,323
+27,393
| +11% | +$3.03M |
|
|
MRP
385
Millrose Properties Inc
MRP
$5.05B
| $31.5M | 0.07% |
1,049,494
-513,576
| -33% | -$14.9M |
|
386
OGE Energy
OGE
$9.42B
| $31.4M | 0.07% |
645,045
-172,741
| -21% | -$8.27M |
|
387
Align Technology
ALGN
$11.5B
| $31.4M | 0.07% |
185,954
+16,698
| +10% | +$2.9M |
|
388
Paylocity
PCTY
$8.14B
| $31.2M | 0.07% |
298,664
+95,017
| +47% | +$10.1M |
|
389
Cigna
CI
$73.3B
| $31.2M | 0.07% |
113,207
+12,449
| +12% | +$3.52M |
|
390
Maplebear
CART
$11.5B
| $31.2M | 0.07% |
658,368
+294,491
| +81% | +$12.3M |
|
|
RAL
391
Ralliant Corp
RAL
$7.04B
| $31.1M | 0.07% |
422,045
-146,586
| -26% | -$8.17M |
|
392
SM Energy
SM
$8.85B
| $31M | 0.07% |
1,186,853
-41,531
| -3% | -$1.25M |
|
393
Blackstone
BX
$108B
| $31M | 0.07% |
263,130
-1,639
| -0.6% | -$197K |
|
394
American Financial Group
AFG
$11.9B
| $30.7M | 0.07% |
219,568
-21,860
| -9% | -$2.9M |
|
395
Pilgrim's Pride
PPC
$7.68B
| $30.7M | 0.07% |
1,092,233
+114,376
| +12% | +$3.52M |
|
396
Mine Safety
MSA
$7.31B
| $30.6M | 0.07% |
175,098
+101,034
| +136% | +$16.9M |
|
397
Cincinnati Financial
CINF
$25.8B
| $30.3M | 0.07% |
163,916
-29,803
| -15% | -$4.94M |
|
398
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $30.2M | 0.07% |
158,661
+133,717
| +536% | +$22.8M |
|
399
Hanover Insurance
THG
$7.77B
| $30.2M | 0.07% |
140,954
-10,797
| -7% | -$2.04M |
|
400
iShares Core Dividend Growth ETF
DGRO
$43.7B
| $30.1M | 0.07% |
397,769
+44,303
| +13% | +$3.27M |
|
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.