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 | |
|---|---|---|---|---|---|---|
26
monday.com
MNDY
$3.84B
| $25.8M | 0.27% |
92,920
| – | – |
|
27
TransDigm Group
TDG
$66.4B
| $25.3M | 0.26% |
17,693
+7,077
| +67% | +$9.2M |
|
28
Gen Digital
GEN
$17.3B
| $25.1M | 0.26% |
916,428
+74,687
| +9% | +$1.92M |
|
29
Tapestry
TPR
$26B
| $25M | 0.26% |
532,364
+172,528
| +48% | +$7.12M |
|
30
LyondellBasell Industries
LYB
$21.8B
| $25M | 0.26% |
260,420
+149,960
| +136% | +$14.4M |
|
31
Visa
V
$693B
| $24.8M | 0.26% |
90,237
+10,221
| +13% | +$2.76M |
|
|
ANSS
32
DELISTED
Ansys
ANSS
| $24.7M | 0.26% |
77,533
+5,856
| +8% | +$1.86M |
|
|
MRO
33
DELISTED
Marathon Oil Corporation
MRO
| $24.5M | 0.25% |
919,314
+354,252
| +63% | +$9.8M |
|
34
Masco
MAS
$14.5B
| $24.3M | 0.25% |
289,756
-9,030
| -3% | -$685K |
|
35
Automatic Data Processing
ADP
$112B
| $24.1M | 0.25% |
87,138
+54,191
| +164% | +$14.2M |
|
36
Vanguard Total Bond Market
BND
$161B
| $24M | 0.25% |
319,838
+4,955
| +2% | +$367K |
|
37
Applied Materials
AMAT
$391B
| $24M | 0.25% |
118,638
+34,973
| +42% | +$7.17M |
|
38
MasTec
MTZ
$21.4B
| $23.8M | 0.25% |
193,092
+23,084
| +14% | +$2.52M |
|
39
ConocoPhillips
COP
$162B
| $23.5M | 0.24% |
223,154
+143,684
| +181% | +$15.8M |
|
40
Steris
STE
$23.2B
| $22.7M | 0.23% |
93,548
+8,106
| +9% | +$1.9M |
|
41
Builders FirstSource
BLDR
$7.55B
| $22.1M | 0.23% |
113,781
-22,193
| -16% | -$3.68M |
|
42
Molson Coors Class B
TAP
$8.01B
| $21.9M | 0.23% |
380,480
+165,000
| +77% | +$8.83M |
|
43
Lowe's Companies
LOW
$121B
| $21.5M | 0.22% |
79,562
+14,609
| +22% | +$3.54M |
|
44
Marriott International
MAR
$92.9B
| $21.5M | 0.22% |
86,560
+43,044
| +99% | +$10M |
|
45
Dell
DELL
$286B
| $21.4M | 0.22% |
180,866
+79,574
| +79% | +$9.27M |
|
46
Medtronic
MDT
$119B
| $21.4M | 0.22% |
237,837
-102,829
| -30% | -$8.65M |
|
47
Gilead Sciences
GILD
$181B
| $21.4M | 0.22% |
255,168
-26,284
| -9% | -$2.01M |
|
48
General Motors
GM
$77.2B
| $21.4M | 0.22% |
476,975
+113,578
| +31% | +$5.26M |
|
49
Netflix
NFLX
$331B
| $21.3M | 0.22% |
300,320
+67,480
| +29% | +$4.51M |
|
50
Applovin
APP
$102B
| $21.3M | 0.22% |
163,015
-49,878
| -23% | -$4.55M |
|
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.