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 | |
|---|---|---|---|---|---|---|
51
CrowdStrike
CRWD
$195B
| $21.2M | 0.22% |
303,020
+99,220
| +49% | +$7.05M |
|
52
The Mosaic Company
MOS
$7.76B
| $21.2M | 0.22% |
792,468
+595,447
| +302% | +$16.4M |
|
53
Mondelez International
MDLZ
$82.3B
| $21M | 0.22% |
285,081
+35,857
| +14% | +$2.52M |
|
54
Target
TGT
$75.1B
| $20.8M | 0.21% |
133,292
+29,026
| +28% | +$4.32M |
|
55
Delta Air Lines
DAL
$54.2B
| $20.6M | 0.21% |
405,662
+159,626
| +65% | +$6.96M |
|
56
FMC
FMC
$1.38B
| $20.5M | 0.21% |
310,625
+26,120
| +9% | +$1.6M |
|
|
MASI
57
DELISTED
Masimo
MASI
| $20.5M | 0.21% |
153,486
+72,727
| +90% | +$8.44M |
|
58
NetApp
NTAP
$37.7B
| $20.4M | 0.21% |
165,494
+41,993
| +34% | +$5.24M |
|
59
Ralph Lauren
RL
$22.2B
| $20.3M | 0.21% |
104,852
+31,341
| +43% | +$5.42M |
|
|
HOLX
60
DELISTED
Hologic
HOLX
| $20.3M | 0.21% |
248,937
+27,649
| +12% | +$2.21M |
|
61
Otis Worldwide
OTIS
$27.2B
| $20.2M | 0.21% |
194,501
+46,264
| +31% | +$4.41M |
|
62
Teledyne Technologies
TDY
$29.5B
| $20.2M | 0.21% |
46,061
+23,427
| +104% | +$9.71M |
|
63
Cadence Design Systems
CDNS
$87.9B
| $20.1M | 0.21% |
74,219
+34,621
| +87% | +$9.57M |
|
64
Vornado Realty Trust
VNO
$7.07B
| $20M | 0.21% |
507,425
-11,961
| -2% | -$385K |
|
65
Howmet Aerospace
HWM
$108B
| $19.9M | 0.21% |
198,428
+898
| +0.5% | +$81.1K |
|
66
Marathon Petroleum
MPC
$101B
| $19.8M | 0.21% |
121,656
+76,786
| +171% | +$13M |
|
67
Devon Energy
DVN
$54B
| $19.8M | 0.2% |
505,643
+301,443
| +148% | +$13.3M |
|
68
Brown & Brown
BRO
$24.4B
| $19.8M | 0.2% |
190,861
+22,105
| +13% | +$2.2M |
|
69
Envista
NVST
$4.37B
| $19.5M | 0.2% |
989,115
+758,402
| +329% | +$13.2M |
|
70
Regal Rexnord
RRX
$11.1B
| $19.5M | 0.2% |
117,376
+34,316
| +41% | +$5.3M |
|
71
Iridium Communications
IRDM
$5.19B
| $19.4M | 0.2% |
638,044
+113,864
| +22% | +$3.1M |
|
72
Skyworks Solutions
SWKS
$10.1B
| $19.4M | 0.2% |
196,569
+51,644
| +36% | +$5.48M |
|
73
Dentsply Sirona
XRAY
$2.18B
| $19.2M | 0.2% |
710,698
+616,719
| +656% | +$15.7M |
|
74
Lockheed Martin
LMT
$130B
| $18.9M | 0.2% |
32,280
-6,675
| -17% | -$3.58M |
|
75
WEX
WEX
$6.81B
| $18.9M | 0.2% |
89,945
+50,569
| +128% | +$9.42M |
|
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.