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
|
+$536M |
| 2 |
Amazon
AMZN
|
+$80.8M |
| 3 |
Apple
AAPL
|
+$40.3M |
| 4 |
Intuitive Machines
LUNR
|
+$33.2M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$23.1M |
| 2 |
Dominion Energy
D
|
+$18.1M |
| 3 |
GE Aerospace
GE
|
+$17.7M |
| 4 |
EOG Resources
EOG
|
+$16.3M |
| 5 |
Johnson & Johnson
JNJ
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.98% |
| 2 | Industrials | 11.38% |
| 3 | Consumer Discretionary | 9.73% |
| 4 | Healthcare | 7.92% |
| 5 | Financials | 6.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $1.71M | 0.01% |
+3,198
| New | +$1.82M |
|
852
Alcon
ALC
$35.5B
| $1.69M | 0.01% |
17,833
+13,054
| +273% | +$1.17M |
|
853
UiPath
PATH
$8.57B
| $1.69M | 0.01% |
164,311
-529,302
| -76% | -$6.81M |
|
854
Toro Company
TTC
$9.44B
| $1.69M | 0.01% |
23,215
+5,946
| +34% | +$470K |
|
855
Axalta
AXTA
$7.74B
| $1.69M | 0.01% |
50,875
+4,550
| +10% | +$162K |
|
856
Sprouts Farmers Market
SFM
$7.79B
| $1.68M | 0.01% |
11,034
-6,319
| -36% | -$942K |
|
857
NextEra Energy
NEE
$174B
| $1.68M | 0.01% |
23,732
+9,331
| +65% | +$659K |
|
858
United Natural Foods
UNFI
$2.91B
| $1.68M | 0.01% |
61,340
+15,528
| +34% | +$450K |
|
859
Vail Resorts
MTN
$5.42B
| $1.68M | 0.01% |
10,498
+3,565
| +51% | +$592K |
|
860
NuScale Power
SMR
$3.79B
| $1.66M | 0.01% |
117,138
+69,204
| +144% | +$1.4M |
|
861
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $1.66M | 0.01% |
+16,768
| New | +$1.82M |
|
862
Genuine Parts
GPC
$18.5B
| $1.65M | 0.01% |
13,860
-31,459
| -69% | -$3.78M |
|
863
Omnicell
OMCL
$1.61B
| $1.63M | 0.01% |
46,671
+11,998
| +35% | +$476K |
|
864
Lincoln National
LNC
$8.17B
| $1.63M | 0.01% |
45,433
+33,713
| +288% | +$1.2M |
|
865
Stride
LRN
$3.58B
| $1.63M | 0.01% |
12,879
+4,832
| +60% | +$611K |
|
866
Wheaton Precious Metals
WPM
$72.2B
| $1.62M | 0.01% |
20,914
+14,590
| +231% | +$974K |
|
867
Upwork
UPWK
$1.07B
| $1.62M | 0.01% |
+124,225
| New | +$1.89M |
|
868
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $1.61M | 0.01% |
32,328
+13,026
| +67% | +$653K |
|
|
TPC
869
Tutor Perini Cor
TPC
$4.67B
| $1.6M | 0.01% |
68,929
+30,245
| +78% | +$746K |
|
870
iShares Core S&P US Growth ETF
IUSG
$33.1B
| $1.6M | 0.01% |
12,555
-909
| -7% | -$126K |
|
871
Nucor
NUE
$56.4B
| $1.59M | 0.01% |
13,248
-2,878
| -18% | -$371K |
|
872
Church & Dwight Co
CHD
$24B
| $1.57M | 0.01% |
14,294
+7,493
| +110% | +$802K |
|
873
Quest Diagnostics
DGX
$26.8B
| $1.57M | 0.01% |
9,284
+7,943
| +592% | +$1.3M |
|
874
Payoneer
PAYO
$2.41B
| $1.57M | 0.01% |
214,812
-3,865
| -2% | -$36K |
|
875
Alpha Metallurgical Resources
AMR
$2.71B
| $1.57M | 0.01% |
12,532
-2,356
| -16% | -$383K |
|
Similar funds
Joel Greenblatt's Q1 2025 Portfolio in Review
As of Q1 2025, Joel Greenblatt held 1,689 positions worth $12B, up 14% from $10.5B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Joel Greenblatt deployed $1.98B of net new capital in Q1 2025, opening 268 new positions and adding to 781 existing holdings. Its largest new stake was Intuitive Machines: 2,112,674 shares worth $15.7M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was ConocoPhillips, an estimated $23.1M trimmed.
- Joel Greenblatt's largest Q1 2025 buy was Intuitive Machines: 2,112,674 shares worth $15.7M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $536M increase.
- Joel Greenblatt's biggest Q1 2025 reduction was ConocoPhillips, cutting an estimated $23.1M.
- Joel Greenblatt fully exited Sonoco in Q1 2025, selling an estimated $11.8M.
- Joel Greenblatt's ten largest holdings make up 28% of its $12B portfolio in Q1 2025.
- Joel Greenblatt opened 268 new positions and closed 148 in Q1 2025.
- Joel Greenblatt's portfolio value rose 14% quarter-over-quarter to $12B.
Based on Gotham Asset Management's 13F filing for Q1 2025, filed 15 May 2025.