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 | |
|---|---|---|---|---|---|---|
476
IQVIA
IQV
$42.8B
| $13.5M | 0.06% |
71,036
+5,072
| +8% | +$922K |
|
477
Home Depot
HD
$335B
| $13.4M | 0.06% |
33,164
+620
| +2% | +$244K |
|
478
T-Mobile US
TMUS
$196B
| $13.4M | 0.06% |
56,111
-19,092
| -25% | -$4.62M |
|
479
Public Storage
PSA
$60.2B
| $13.4M | 0.06% |
46,302
-2,436
| -5% | -$699K |
|
|
SW
480
Smurfit Westrock
SW
$25.9B
| $13.4M | 0.06% |
+314,068
| New | +$14.2M |
|
481
Maplebear
CART
$11.5B
| $13.3M | 0.06% |
362,560
-107,206
| -23% | -$4.94M |
|
482
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $13.2M | 0.06% |
118,624
+10,828
| +10% | +$1.19M |
|
483
Avantor
AVTR
$9.78B
| $13.1M | 0.06% |
1,047,534
+522,283
| +99% | +$6.73M |
|
484
CACI
CACI
$14.3B
| $13.1M | 0.06% |
26,195
+5,444
| +26% | +$2.63M |
|
485
Snap-on
SNA
$20.3B
| $13.1M | 0.06% |
37,693
-10,942
| -22% | -$3.58M |
|
|
SFD
486
Smithfield Foods
SFD
$8.76B
| $13.1M | 0.06% |
+556,094
| New | +$13.6M |
|
487
Nutanix
NTNX
$18.3B
| $13M | 0.06% |
175,336
-10,921
| -6% | -$802K |
|
488
Vanguard S&P 500 Growth ETF
VOOG
$26.7B
| $13M | 0.06% |
179,496
+28,446
| +19% | +$1.97M |
|
489
Casey's General Stores
CASY
$30.9B
| $13M | 0.06% |
23,043
+18,302
| +386% | +$9.57M |
|
490
nCino
NCNO
$2.26B
| $12.9M | 0.06% |
474,156
+86,741
| +22% | +$2.53M |
|
491
Alnylam Pharmaceuticals
ALNY
$31.6B
| $12.8M | 0.06% |
28,135
+10,348
| +58% | +$4.21M |
|
492
Bank of America
BAC
$431B
| $12.8M | 0.06% |
247,944
+9,128
| +4% | +$445K |
|
493
S&P Global
SPGI
$127B
| $12.8M | 0.06% |
26,234
+3,509
| +15% | +$1.88M |
|
494
Textron
TXT
$14.3B
| $12.8M | 0.06% |
150,953
-14,495
| -9% | -$1.18M |
|
495
iShares Russell 1000 Value ETF
IWD
$84.2B
| $12.7M | 0.06% |
62,617
+10,988
| +21% | +$2.19M |
|
496
NNN REIT
NNN
$8.8B
| $12.7M | 0.06% |
299,015
+187,378
| +168% | +$7.96M |
|
497
Allison Transmission
ALSN
$11B
| $12.7M | 0.06% |
149,873
-91,713
| -38% | -$8.16M |
|
498
Eastman Chemical
EMN
$8.47B
| $12.7M | 0.06% |
201,577
+107,218
| +114% | +$7.48M |
|
499
Macy's
M
$6B
| $12.7M | 0.06% |
708,656
+242,321
| +52% | +$3.43M |
|
500
Crane Co
CR
$12B
| $12.7M | 0.06% |
68,885
+26,390
| +62% | +$4.98M |
|
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.