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Joel Greenblatt Gotham Asset Management
AUM
$43B
Turnover
15.72%
1-Year Est. Return
34.97%
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.
This Fund
S&P 500
This Quarter Est. Return
+17.85%
1 Year Est. Return
+34.97%
3 Year Est. Return
+97.97%
5 Year Est. Return
+117.45%
10 Year Est. Return
+441.95%
AUM
$43B
AUM Growth
+$10.3B
(+32%)
Cap. Flow
+$5.85B
Cap. Flow % of AUM
Cap. Flow %
13.62%
Top 10 Holdings %
Top 10 Hldgs %
28.42%
Holding
1,921
New
172
Increased
854
Reduced
601
Closed
130
Avg Time Held
3.1
years
Top 10 Avg Time Held
3.5
years
Top 20 Avg Time Held
2.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 2 |
NewMarket
NEU
|
+$67.2M |
| 3 |
Gen Digital
GEN
|
+$66.9M |
| 4 |
General Mills
GIS
|
+$63.7M |
| 5 |
Humana
HUM
|
+$63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$97.7M |
| 2 |
Micron Technology
MU
|
+$88M |
| 3 |
Masimo
MASI
|
+$60.7M |
| 4 |
Sandisk
SNDK
|
+$55.1M |
| 5 |
Crown Holdings
CCK
|
+$46.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.09% |
| 2 | Technology | 17.32% |
| 3 | Industrials | 11.67% |
| 4 | Consumer Discretionary | 9.37% |
| 5 | Healthcare | 7.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
51
General Mills
GIS
$18.4B
| $78.7M | 0.18% |
2,262,103
+1,845,906
| +444% | +$63.7M |
2015 Q3
43 quarters
|
|
52
Brown & Brown
BRO
$23.9B
| $78.2M | 0.18% |
1,218,762
+708,741
| +139% | +$43.2M |
2021 Q3
19 quarters
|
|
53
Ryder
R
$10.8B
| $77.5M | 0.18% |
293,937
+39,581
| +16% | +$9.7M |
2020 Q3
23 quarters
|
|
54
Delta Air Lines
DAL
$56.7B
| $76.5M | 0.18% |
816,386
-77,264
| -9% | -$5.83M |
2022 Q3
15 quarters
|
|
55
Applovin
APP
$136B
| $76.4M | 0.18% |
148,268
+59,990
| +68% | +$29M |
2022 Q2
16 quarters
|
|
56
Advanced Micro Devices
AMD
$876B
| $76.3M | 0.18% |
131,260
-13,585
| -9% | -$5.57M |
2020 Q2
24 quarters
|
|
57
Southern Copper
SCCO
$140B
| $76M | 0.18% |
446,123
+39,784
| +10% | +$7.07M |
2018 Q4
30 quarters
|
|
58
Vornado Realty Trust
VNO
$6.49B
| $75.8M | 0.18% |
1,929,294
+1,469,818
| +320% | +$47.5M |
2021 Q4
18 quarters
|
|
59
MKS Inc
MKSI
$14.6B
| $75.7M | 0.18% |
170,226
-25,177
| -13% | -$7.88M |
2013 Q4
50 quarters
|
|
60
Invesco S&P 500 Equal Weight ETF
RSP
$103B
| $75.5M | 0.18% |
354,896
+41,476
| +13% | +$8.49M |
2023 Q2
12 quarters
|
|
61
Ralph Lauren
RL
$22.8B
| $75.3M | 0.18% |
187,673
+12,620
| +7% | +$4.7M |
2021 Q3
19 quarters
|
|
62
CF Industries
CF
$18.3B
| $74.6M | 0.17% |
689,521
-1,295
| -0.2% | -$153K |
2018 Q1
33 quarters
|
|
63
Factset
FDS
$11.7B
| $74.6M | 0.17% |
324,096
+50,817
| +19% | +$11.7M |
2025 Q1
5 quarters
|
|
64
Paychex
PAYX
$41.2B
| $74.4M | 0.17% |
757,118
+481,372
| +175% | +$45.6M |
2016 Q1
41 quarters
|
|
65
DuPont de Nemours
DD
$20.4B
| $74M | 0.17% |
545,827
+147,464
| +37% | +$20.9M |
2018 Q2
32 quarters
|
|
66
PIMCO Active Bond Exchange-Traded Fund
BOND
$9.01B
| $73.7M | 0.17% |
798,729
+155,569
| +24% | +$14.3M |
2024 Q4
6 quarters
|
|
67
Booking.com
BKNG
$119B
| $73.2M | 0.17% |
410,502
+86,627
| +27% | +$14.8M |
2017 Q3
35 quarters
|
|
68
Best Buy
BBY
$21.8B
| $73.1M | 0.17% |
963,170
+409,039
| +74% | +$27.2M |
2013 Q3
51 quarters
|
|
69
Travel + Leisure Co
TNL
$4.74B
| $72.9M | 0.17% |
954,387
+271,491
| +40% | +$19.1M |
2024 Q1
9 quarters
|
|
70
Williams-Sonoma
WSM
$29.9B
| $71.9M | 0.17% |
308,634
+43,377
| +16% | +$8.6M |
2019 Q1
29 quarters
|
|
71
Highwoods Properties
HIW
$3.43B
| $71.8M | 0.17% |
2,382,143
+2,254,613
| +1,768% | +$58.3M |
2024 Q2
8 quarters
|
|
72
Vertiv
VRT
$77.8B
| $71.6M | 0.17% |
213,966
+21,378
| +11% | +$6.78M |
2022 Q2
16 quarters
|
|
73
Roper Technologies
ROP
$47.5B
| $71M | 0.17% |
209,953
+63,756
| +44% | +$21.7M |
2020 Q2
24 quarters
|
|
74
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $70.6M | 0.16% |
190,878
-16,801
| -8% | -$6.01M |
2024 Q2
8 quarters
|
|
75
Amkor Technology
AMKR
$8.95B
| $70.4M | 0.16% |
816,161
-257,109
| -24% | -$18.3M |
2018 Q4
30 quarters
|
|
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VARA
Joel Greenblatt's Q2 2026 Portfolio in Review
As of Q2 2026, Joel Greenblatt held 1,921 positions worth $43B, up 32% from $32.7B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Joel Greenblatt deployed $5.85B of net new capital in Q2 2026, opening 172 new positions and adding to 854 existing holdings. Its largest new stake was On Holding: 754,800 shares worth $26.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 30% of assets, up from 29% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Western Digital, an estimated $97.7M trimmed.
- Joel Greenblatt's largest Q2 2026 buy was On Holding: 754,800 shares worth $26.7M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $1.73B increase.
- Joel Greenblatt's biggest Q2 2026 reduction was Western Digital, cutting an estimated $97.7M.
- Joel Greenblatt fully exited Masimo in Q2 2026, selling an estimated $60.7M.
- Joel Greenblatt's ten largest holdings make up 28% of its $43B portfolio in Q2 2026.
- Joel Greenblatt opened 172 new positions and closed 130 in Q2 2026.
- Joel Greenblatt's portfolio value rose 32% quarter-over-quarter to $43B.
Based on Gotham Asset Management's 13F filing for Q2 2026, filed 14 Aug 2026.