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 | |
|---|---|---|---|---|---|---|
26
Packaging Corp of America
PKG
$22.5B
| $52.2M | 0.23% |
239,642
+67,919
| +40% | +$14M |
|
27
Berkshire Hathaway Class B
BRK.B
$1.06T
| $51.9M | 0.23% |
103,244
+5,260
| +5% | +$2.55M |
|
28
Southern Copper
SCCO
$182B
| $51.3M | 0.22% |
439,702
+129,929
| +42% | +$12.6M |
|
29
nVent Electric
NVT
$24.6B
| $50.4M | 0.22% |
510,813
+20,000
| +4% | +$1.74M |
|
30
Micron Technology
MU
$1.09T
| $50M | 0.22% |
298,570
+27,865
| +10% | +$3.57M |
|
31
Merck
MRK
$376B
| $49.7M | 0.22% |
592,307
+113,226
| +24% | +$9.33M |
|
32
Charles River Laboratories
CRL
$14.1B
| $49.4M | 0.22% |
315,755
+46,594
| +17% | +$7.4M |
|
33
NetApp
NTAP
$37.7B
| $49.2M | 0.21% |
414,995
+89,256
| +27% | +$9.98M |
|
34
Visa
V
$693B
| $48.9M | 0.21% |
143,375
+67,951
| +90% | +$23.5M |
|
35
Zebra Technologies
ZBRA
$17.4B
| $48.8M | 0.21% |
164,375
+48,634
| +42% | +$15.5M |
|
36
National Fuel Gas
NFG
$7.84B
| $48.2M | 0.21% |
521,928
+223,459
| +75% | +$19.5M |
|
37
Nordson
NDSN
$18.5B
| $47.4M | 0.21% |
209,020
+88,784
| +74% | +$19.6M |
|
38
Cisco
CSCO
$438B
| $47.4M | 0.21% |
692,365
+238,110
| +52% | +$16.2M |
|
39
Regeneron Pharmaceuticals
REGN
$85.9B
| $47.4M | 0.21% |
84,230
+57,225
| +212% | +$32.4M |
|
40
Walt Disney
DIS
$186B
| $47M | 0.2% |
410,402
+63,218
| +18% | +$7.45M |
|
41
CME Group
CME
$98.9B
| $46.8M | 0.2% |
173,236
+50,402
| +41% | +$13.7M |
|
42
Brown & Brown
BRO
$24.4B
| $46.5M | 0.2% |
496,186
+248,110
| +100% | +$24.2M |
|
43
Skyworks Solutions
SWKS
$10.1B
| $46.2M | 0.2% |
600,530
+123,145
| +26% | +$9.17M |
|
44
Owens Corning
OC
$11.7B
| $46.1M | 0.2% |
325,866
+180,244
| +124% | +$26.4M |
|
45
General Dynamics
GD
$104B
| $46.1M | 0.2% |
135,049
+69,857
| +107% | +$22M |
|
46
Jabil
JBL
$32.8B
| $45.5M | 0.2% |
209,485
+42,703
| +26% | +$9.3M |
|
47
Boston Beer
SAM
$1.91B
| $45.1M | 0.2% |
213,266
+201,752
| +1,752% | +$42.9M |
|
48
MasTec
MTZ
$21.4B
| $45M | 0.2% |
211,350
-23,555
| -10% | -$4.31M |
|
49
Boyd Gaming
BYD
$5.87B
| $44.3M | 0.19% |
512,095
+94,453
| +23% | +$7.93M |
|
50
Alphabet (Google) Class C
GOOG
$4.18T
| $44.1M | 0.19% |
181,105
+86,850
| +92% | +$18.3M |
|
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.