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
|
+$208M |
| 2 |
NVIDIA
NVDA
|
+$74.8M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$49M |
| 4 |
Merck
MRK
|
+$20.3M |
| 5 |
GE Aerospace
GE
|
+$19.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celanese
CE
|
+$14.3M |
| 2 |
ExxonMobil
XOM
|
+$11.5M |
| 3 |
APA Corp
APA
|
+$11.5M |
| 4 |
Kenvue
KVUE
|
+$10.7M |
| 5 |
Mattel
MAT
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.43% |
| 2 | Industrials | 11.88% |
| 3 | Consumer Discretionary | 10.29% |
| 4 | Healthcare | 9.07% |
| 5 | Financials | 5.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
TripAdvisor
TRIP
$1.17B
| $5.75M | 0.06% |
396,796
-13,772
| -3% | -$214K |
|
452
Bank of America
BAC
$431B
| $5.74M | 0.06% |
144,544
+8,574
| +6% | +$344K |
|
453
Clean Harbors
CLH
$16.7B
| $5.73M | 0.06% |
23,703
+121
| +0.5% | +$28.4K |
|
454
Evercore
EVR
$11.2B
| $5.72M | 0.06% |
22,592
-1,644
| -7% | -$391K |
|
|
455
Kenvue
KVUE
$36.6B
| $5.72M | 0.06% |
247,172
-516,201
| -68% | -$10.7M |
|
456
Alcoa
AA
$13.7B
| $5.71M | 0.06% |
148,063
+67,217
| +83% | +$2.29M |
|
457
Skywest
SKYW
$3.93B
| $5.7M | 0.06% |
67,003
-1,205
| -2% | -$94.6K |
|
458
Fortinet
FTNT
$113B
| $5.69M | 0.06% |
73,405
+21,929
| +43% | +$1.5M |
|
459
Polaris
PII
$3.66B
| $5.66M | 0.06% |
67,992
-40,045
| -37% | -$3.25M |
|
460
Oneok
OKE
$58.8B
| $5.66M | 0.06% |
62,076
+19,222
| +45% | +$1.67M |
|
461
Illumina
ILMN
$33.1B
| $5.6M | 0.06% |
42,941
+30,416
| +243% | +$3.75M |
|
462
Murphy Oil
MUR
$5.36B
| $5.58M | 0.06% |
165,447
+79,831
| +93% | +$3.02M |
|
463
Equinix
EQIX
$105B
| $5.48M | 0.06% |
6,169
+280
| +5% | +$229K |
|
464
Simon Property Group
SPG
$70.6B
| $5.46M | 0.06% |
32,312
-1,050
| -3% | -$166K |
|
465
Exelon
EXC
$45.1B
| $5.45M | 0.06% |
134,512
-8,284
| -6% | -$311K |
|
466
Onto Innovation
ONTO
$17.9B
| $5.42M | 0.06% |
+26,135
| New | +$5.27M |
|
467
Intel
INTC
$476B
| $5.42M | 0.06% |
230,981
+162,993
| +240% | +$4.07M |
|
468
Mid-America Apartment Communities
MAA
$15.2B
| $5.35M | 0.06% |
33,677
-2,107
| -6% | -$321K |
|
469
Amkor Technology
AMKR
$12.5B
| $5.31M | 0.05% |
173,584
+133,399
| +332% | +$4.54M |
|
470
NCR Voyix
VYX
$1.09B
| $5.3M | 0.05% |
390,379
-737,723
| -65% | -$9.86M |
|
471
Prudential Financial
PRU
$41.8B
| $5.3M | 0.05% |
43,736
-4,648
| -10% | -$549K |
|
472
Progressive
PGR
$127B
| $5.29M | 0.05% |
20,840
+7,566
| +57% | +$1.76M |
|
473
DexCom
DXCM
$34.8B
| $5.28M | 0.05% |
78,799
+30,919
| +65% | +$2.54M |
|
474
ON Semiconductor
ON
$28.9B
| $5.28M | 0.05% |
72,686
+6,750
| +10% | +$491K |
|
475
Weatherford International
WFRD
$6.49B
| $5.25M | 0.05% |
61,771
+49,834
| +417% | +$5.37M |
|
Similar funds
Joel Greenblatt's Q3 2024 Portfolio in Review
As of Q3 2024, Joel Greenblatt held 1,552 positions worth $9.67B, up 25% from $7.72B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Joel Greenblatt deployed $1.31B of net new capital in Q3 2024, opening 145 new positions and adding to 741 existing holdings. Its largest new stake was AST SpaceMobile: 520,630 shares worth $13.6M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Celanese, an estimated $14.3M trimmed.
- Joel Greenblatt's largest Q3 2024 buy was AST SpaceMobile: 520,630 shares worth $13.6M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $208M increase.
- Joel Greenblatt's biggest Q3 2024 reduction was Celanese, cutting an estimated $14.3M.
- Joel Greenblatt fully exited Corteva in Q3 2024, selling an estimated $9.36M.
- Joel Greenblatt's ten largest holdings make up 25% of its $9.67B portfolio in Q3 2024.
- Joel Greenblatt opened 145 new positions and closed 150 in Q3 2024.
- Joel Greenblatt's portfolio value rose 25% quarter-over-quarter to $9.67B.
Based on Gotham Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.