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 | |
|---|---|---|---|---|---|---|
|
BORR
851
Borr Drilling
BORR
$1.39B
| $1.3M | 0.01% |
236,067
+40,675
| +21% | +$249K |
|
852
Telus
TU
$15.6B
| $1.3M | 0.01% |
77,201
+64,530
| +509% | +$1.04M |
|
853
Signet Jewelers
SIG
$3.16B
| $1.29M | 0.01% |
12,460
-6,751
| -35% | -$570K |
|
854
Fortive
FTV
$18.1B
| $1.28M | 0.01% |
21,491
-15,090
| -41% | -$830K |
|
855
Brink's
BCO
$4.59B
| $1.27M | 0.01% |
11,013
-1,027
| -9% | -$109K |
|
|
VMEO
856
DELISTED
Vimeo
VMEO
| $1.26M | 0.01% |
249,276
-21,433
| -8% | -$97.3K |
|
857
Twist Bioscience
TWST
$9.13B
| $1.25M | 0.01% |
27,738
-51,314
| -65% | -$2.44M |
|
858
Nucor
NUE
$55.3B
| $1.25M | 0.01% |
8,308
+4,611
| +125% | +$694K |
|
|
MZTI
859
The Marzetti Company
MZTI
$3.06B
| $1.25M | 0.01% |
7,055
-5,284
| -43% | -$972K |
|
860
NextEra Energy
NEE
$174B
| $1.24M | 0.01% |
14,697
+6,007
| +69% | +$469K |
|
861
Agnico Eagle Mines
AEM
$109B
| $1.24M | 0.01% |
15,407
-76,316
| -83% | -$5.91M |
|
862
Sempra
SRE
$54.2B
| $1.24M | 0.01% |
14,799
+863
| +6% | +$69K |
|
863
Wabtec
WAB
$50.3B
| $1.24M | 0.01% |
6,805
-37,446
| -85% | -$6.14M |
|
864
Vanguard Russell 1000 Growth ETF
VONG
$45B
| $1.23M | 0.01% |
12,786
| – | – |
|
865
SPS Commerce
SPSC
$2.92B
| $1.23M | 0.01% |
6,351
-1,453
| -19% | -$285K |
|
866
Forward Air
FWRD
$612M
| $1.23M | 0.01% |
+34,807
| New | +$988K |
|
867
Coty
COTY
$2.41B
| $1.22M | 0.01% |
129,993
+58,716
| +82% | +$560K |
|
868
Boeing
BA
$169B
| $1.22M | 0.01% |
7,999
-5,961
| -43% | -$1.02M |
|
869
Ormat Technologies
ORA
$6.67B
| $1.21M | 0.01% |
15,735
| – | – |
|
870
Kennametal
KMT
$2.28B
| $1.21M | 0.01% |
46,577
-3,904
| -8% | -$97.1K |
|
871
Vital Farms
VITL
$454M
| $1.21M | 0.01% |
34,403
+19,612
| +133% | +$693K |
|
872
Axcelis
ACLS
$3.92B
| $1.2M | 0.01% |
11,422
-543
| -5% | -$63.5K |
|
873
Life Time Group Holdings
LTH
$10.1B
| $1.2M | 0.01% |
+49,027
| New | +$1.1M |
|
874
Vanguard Russell 1000 Value ETF
VONV
$21.9B
| $1.2M | 0.01% |
14,366
| – | – |
|
875
Lumen
LUMN
$6.13B
| $1.19M | 0.01% |
168,273
-102,248
| -38% | -$437K |
|
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.