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 | |
|---|---|---|---|---|---|---|
|
REVG
826
DELISTED
REV Group
REVG
| $4.15M | 0.02% |
73,280
+29,092
| +66% | +$1.54M |
|
827
Rocket Companies
RKT
$39.4B
| $4.14M | 0.02% |
213,523
+1,104
| +0.5% | +$19.3K |
|
828
CubeSmart
CUBE
$9.21B
| $4.13M | 0.02% |
101,617
-23,809
| -19% | -$970K |
|
829
First American
FAF
$7.33B
| $4.13M | 0.02% |
64,224
-21,217
| -25% | -$1.34M |
|
830
Upwork
UPWK
$1.08B
| $4.13M | 0.02% |
222,162
+23,689
| +12% | +$353K |
|
831
MYR Group
MYRG
$4.84B
| $4.1M | 0.02% |
19,712
+10,795
| +121% | +$2.01M |
|
832
Oshkosh
OSK
$9.7B
| $4.09M | 0.02% |
31,504
+3,627
| +13% | +$481K |
|
833
Darling Ingredients
DAR
$10.4B
| $4.07M | 0.02% |
131,952
-318,679
| -71% | -$10.6M |
|
834
Agnico Eagle Mines
AEM
$109B
| $4.06M | 0.02% |
24,075
-7,071
| -23% | -$971K |
|
835
Wingstop
WING
$3.14B
| $4.05M | 0.02% |
16,111
+11,167
| +226% | +$3.47M |
|
836
Celsius Holdings
CELH
$8.44B
| $4.02M | 0.02% |
69,943
+58,546
| +514% | +$3.06M |
|
837
BCE
BCE
$22.1B
| $3.99M | 0.02% |
170,512
+22,523
| +15% | +$543K |
|
838
Vanguard California Tax-Exempt Bond ETF
VTEC
$3.08B
| $3.95M | 0.02% |
39,612
| – | – |
|
839
Bio-Techne
TECH
$11.3B
| $3.93M | 0.02% |
+70,629
| New | +$3.78M |
|
840
Blackstone
BX
$108B
| $3.9M | 0.02% |
22,849
+1,053
| +5% | +$180K |
|
841
Zimmer Biomet
ZBH
$19.3B
| $3.88M | 0.02% |
39,377
-49,592
| -56% | -$4.91M |
|
842
Magnolia Oil & Gas
MGY
$6.67B
| $3.85M | 0.02% |
161,273
+40,060
| +33% | +$955K |
|
843
TD Synnex
SNX
$20B
| $3.84M | 0.02% |
+23,463
| New | +$3.46M |
|
844
Penumbra
PEN
$12.8B
| $3.83M | 0.02% |
15,116
-4,741
| -24% | -$1.2M |
|
845
Penske Automotive Group
PAG
$14.2B
| $3.82M | 0.02% |
21,990
+11,624
| +112% | +$2.07M |
|
846
Peabody Energy
BTU
$3.37B
| $3.8M | 0.02% |
143,359
-27,177
| -16% | -$484K |
|
847
T. Rowe Price
TROW
$23.8B
| $3.79M | 0.02% |
36,900
+119
| +0.3% | +$12.5K |
|
848
CMS Energy
CMS
$21.4B
| $3.79M | 0.02% |
51,688
+11,154
| +28% | +$801K |
|
849
Everest Group
EG
$14.2B
| $3.77M | 0.02% |
10,775
+3,339
| +45% | +$1.13M |
|
850
Credo Technology Group
CRDO
$43B
| $3.76M | 0.02% |
25,799
-38,903
| -60% | -$4.76M |
|
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.