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 | |
|---|---|---|---|---|---|---|
451
Jazz Pharmaceuticals
JAZZ
$16.5B
| $27M | 0.06% |
112,014
+20,388
| +22% | +$4.47M |
|
|
SW
452
Smurfit Westrock
SW
$25.9B
| $27M | 0.06% |
583,204
-116,710
| -17% | -$4.82M |
|
453
Travelers Companies
TRV
$75.8B
| $26.9M | 0.06% |
81,613
-11,423
| -12% | -$3.46M |
|
454
International Paper
IP
$22B
| $26.9M | 0.06% |
706,423
+600,939
| +570% | +$20.6M |
|
455
Tradeweb Markets
TW
$22.6B
| $26.8M | 0.06% |
268,429
+40,218
| +18% | +$4.36M |
|
456
On Holding
ONON
$10B
| $26.7M | 0.06% |
+754,800
| New | +$27.6M |
|
457
Eastman Chemical
EMN
$8.47B
| $26.7M | 0.06% |
398,484
+10,110
| +3% | +$739K |
|
458
Encompass Health
EHC
$11.9B
| $26.4M | 0.06% |
260,898
+57,050
| +28% | +$5.91M |
|
459
Five Below
FIVE
$13.8B
| $26.4M | 0.06% |
146,586
+26,485
| +22% | +$5.7M |
|
460
Eli Lilly
LLY
$1.12T
| $26.4M | 0.06% |
21,971
+5,796
| +36% | +$5.92M |
|
|
MRSH
461
Marsh
MRSH
$91.6B
| $26.3M | 0.06% |
158,084
-46,715
| -23% | -$7.81M |
|
462
Skyworks Solutions
SWKS
$10.1B
| $26.3M | 0.06% |
388,065
-319,415
| -45% | -$21.7M |
|
463
Watsco Inc
WSO
$12.9B
| $26.3M | 0.06% |
63,068
-500
| -0.8% | -$201K |
|
464
Clearway Energy Class C
CWEN
$6.68B
| $26.2M | 0.06% |
767,343
+107,575
| +16% | +$4.17M |
|
465
Datadog
DDOG
$84.6B
| $26M | 0.06% |
99,827
+1,289
| +1% | +$240K |
|
466
Ferguson
FERG
$46.9B
| $25.8M | 0.06% |
108,901
-54,104
| -33% | -$13.1M |
|
467
Masco
MAS
$14.5B
| $25.8M | 0.06% |
317,259
-125,327
| -28% | -$8.74M |
|
468
Gartner
IT
$12.4B
| $25.8M | 0.06% |
198,904
-115,170
| -37% | -$17.3M |
|
469
AES
AES
$10.5B
| $25.8M | 0.06% |
1,757,456
+1,353,803
| +335% | +$19.7M |
|
470
AutoNation
AN
$6.6B
| $25.8M | 0.06% |
138,673
-98,792
| -42% | -$19.3M |
|
471
UDR
UDR
$12.1B
| $25.6M | 0.06% |
641,518
+34,921
| +6% | +$1.29M |
|
472
Vanguard Total International Stock ETF
VXUS
$164B
| $25.5M | 0.06% |
298,111
+30,469
| +11% | +$2.55M |
|
473
Bunge Global
BG
$21.7B
| $25.4M | 0.06% |
238,285
-7,251
| -3% | -$891K |
|
474
Labcorp
LH
$27.3B
| $25.4M | 0.06% |
90,722
-91,494
| -50% | -$24.1M |
|
|
QXO
475
QXO Inc
QXO
$14.3B
| $25.4M | 0.06% |
1,469,844
+1,395,410
| +1,875% | +$26M |
|
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.