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 | |
|---|---|---|---|---|---|---|
626
Abbott
ABT
$202B
| $8.65M | 0.04% |
64,588
-13,842
| -18% | -$1.82M |
|
627
State Street SPDR Portfolio Long Term Corporate Bond ETF
SPLB
$1.2B
| $8.58M | 0.04% |
371,222
+23,893
| +7% | +$541K |
|
628
Clean Harbors
CLH
$16.7B
| $8.58M | 0.04% |
36,941
-1,680
| -4% | -$398K |
|
629
Medpace
MEDP
$17.3B
| $8.57M | 0.04% |
16,676
+2,300
| +16% | +$1M |
|
630
SoundHound AI
SOUN
$3.25B
| $8.57M | 0.04% |
+533,185
| New | +$7.08M |
|
631
Vertex Pharmaceuticals
VRTX
$139B
| $8.57M | 0.04% |
21,888
+532
| +2% | +$222K |
|
632
Iron Mountain
IRM
$36.3B
| $8.56M | 0.04% |
83,924
-10,904
| -11% | -$1.05M |
|
633
Bruker
BRKR
$9.07B
| $8.41M | 0.04% |
258,817
-304,460
| -54% | -$10.9M |
|
634
Old Dominion Freight Line
ODFL
$42.8B
| $8.38M | 0.04% |
59,510
+28,185
| +90% | +$4.31M |
|
635
iShares Short Maturity Bond ETF
NEAR
$4.89B
| $8.35M | 0.04% |
162,899
+158,010
| +3,232% | +$8.07M |
|
636
O'Reilly Automotive
ORLY
$72.1B
| $8.35M | 0.04% |
77,420
+27,231
| +54% | +$2.74M |
|
637
iShares MSCI EAFE ETF
EFA
$80B
| $8.31M | 0.04% |
89,045
+10,887
| +14% | +$990K |
|
|
NSA
638
DELISTED
National Storage Affiliates Trust
NSA
| $8.26M | 0.04% |
273,273
+253,179
| +1,260% | +$7.9M |
|
639
LKQ Corp
LKQ
$6.52B
| $8.21M | 0.04% |
268,726
+39,414
| +17% | +$1.29M |
|
|
GAP
640
The Gap Inc
GAP
$7.13B
| $8.17M | 0.04% |
+381,794
| New | +$8.25M |
|
641
Otis Worldwide
OTIS
$27.2B
| $8.14M | 0.04% |
89,022
-28,665
| -24% | -$2.6M |
|
642
Stepan Co
SCL
$1.45B
| $8.03M | 0.04% |
168,377
-474
| -0.3% | -$24.6K |
|
643
Phinia Inc
PHIN
$2.67B
| $8.01M | 0.03% |
139,303
-12,636
| -8% | -$682K |
|
644
Applied Industrial Technologies
AIT
$12.5B
| $8M | 0.03% |
30,657
+26,675
| +670% | +$7M |
|
645
Northrop Grumman
NOC
$78.3B
| $7.96M | 0.03% |
13,065
+6,953
| +114% | +$3.94M |
|
646
Kinross Gold
KGC
$38.9B
| $7.94M | 0.03% |
319,546
-431,366
| -57% | -$8.3M |
|
647
Cooper Companies
COO
$14.9B
| $7.94M | 0.03% |
115,818
+103,922
| +874% | +$7.36M |
|
|
VISN
648
Vistance Networks Inc
VISN
$2.59B
| $7.92M | 0.03% |
511,873
+140,080
| +38% | +$1.82M |
|
649
Consolidated Edison
ED
$39.3B
| $7.87M | 0.03% |
78,297
+57,647
| +279% | +$5.78M |
|
650
DaVita
DVA
$11.1B
| $7.86M | 0.03% |
59,179
-26,152
| -31% | -$3.59M |
|
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.