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 | |
|---|---|---|---|---|---|---|
726
Sprouts Farmers Market
SFM
$7.56B
| $5.98M | 0.03% |
54,962
+37,601
| +217% | +$5.47M |
|
727
Equinix
EQIX
$105B
| $5.96M | 0.03% |
7,613
-2,605
| -25% | -$2.04M |
|
|
AMTM
728
Amentum Holdings
AMTM
$5.25B
| $5.86M | 0.03% |
+244,826
| New | +$5.96M |
|
729
CRH
CRH
$63.2B
| $5.81M | 0.03% |
48,470
-66,326
| -58% | -$7M |
|
730
XPO
XPO
$23.2B
| $5.8M | 0.03% |
44,895
+7,881
| +21% | +$1.02M |
|
731
Amgen
AMGN
$238B
| $5.78M | 0.03% |
20,494
-2,809
| -12% | -$815K |
|
732
Lincoln National
LNC
$8.07B
| $5.78M | 0.03% |
143,369
+103,907
| +263% | +$4.02M |
|
733
Repligen
RGEN
$10.2B
| $5.78M | 0.03% |
43,213
+19,647
| +83% | +$2.39M |
|
734
Realty Income
O
$59.2B
| $5.77M | 0.03% |
94,936
-17,561
| -16% | -$1.02M |
|
735
Procore
PCOR
$9.65B
| $5.77M | 0.03% |
79,111
+9,245
| +13% | +$646K |
|
736
Sanmina
SANM
$10.1B
| $5.77M | 0.03% |
+50,108
| New | +$5.63M |
|
737
Certara
CERT
$1.29B
| $5.76M | 0.03% |
471,122
+145,062
| +44% | +$1.59M |
|
738
Wabtec
WAB
$50.3B
| $5.74M | 0.03% |
28,614
+14,564
| +104% | +$2.87M |
|
739
Vanguard International High Dividend Yield ETF
VYMI
$21.4B
| $5.66M | 0.02% |
66,893
+58,868
| +734% | +$4.88M |
|
740
Waste Management
WM
$89.6B
| $5.66M | 0.02% |
25,638
+16,984
| +196% | +$3.83M |
|
741
Park Hotels & Resorts
PK
$3.18B
| $5.63M | 0.02% |
508,416
+356,146
| +234% | +$4M |
|
742
Morningstar
MORN
$8.1B
| $5.61M | 0.02% |
24,186
+14,796
| +158% | +$3.94M |
|
743
Cousins Properties
CUZ
$4.89B
| $5.6M | 0.02% |
193,341
-253,152
| -57% | -$7.19M |
|
744
Vanguard Total International Stock ETF
VXUS
$164B
| $5.54M | 0.02% |
75,439
+7,926
| +12% | +$563K |
|
745
Citigroup
C
$221B
| $5.54M | 0.02% |
54,553
+3,043
| +6% | +$289K |
|
746
Autodesk
ADSK
$53.6B
| $5.5M | 0.02% |
17,302
-6,543
| -27% | -$1.99M |
|
747
Entergy
ETR
$48.8B
| $5.5M | 0.02% |
58,975
+28,950
| +96% | +$2.55M |
|
748
Agilent Technologies
A
$44.9B
| $5.49M | 0.02% |
42,799
+30,790
| +256% | +$3.72M |
|
749
Avantis US Equity ETF
AVUS
$14.5B
| $5.49M | 0.02% |
50,500
| – | – |
|
750
Americold
COLD
$4.35B
| $5.49M | 0.02% |
448,305
+230,212
| +106% | +$3.43M |
|
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.