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
|
+$605M |
| 2 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$63.8M |
| 3 |
SFBS
ServisFirst Bancshares
SFBS
|
+$45.3M |
| 4 |
Vanguard S&P 500 ETF
VOO
|
+$31.8M |
| 5 |
EQT Corp
EQT
|
+$28.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennox International
LII
|
+$13.3M |
| 2 |
TripAdvisor
TRIP
|
+$12M |
| 3 |
International Paper
IP
|
+$11.6M |
| 4 |
Watsco Inc
WSO
|
+$11.5M |
| 5 |
Jacobs Solutions
J
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.07% |
| 2 | Industrials | 11.34% |
| 3 | Consumer Discretionary | 10.06% |
| 4 | Healthcare | 8.13% |
| 5 | Financials | 5.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
Arch Capital
ACGL
$34.5B
| $2.34M | 0.01% |
25,711
+9,429
| +58% | +$870K |
|
877
Diamondback Energy
FANG
$57.6B
| $2.34M | 0.01% |
+16,995
| New | +$2.35M |
|
878
Martin Marietta Materials
MLM
$32B
| $2.33M | 0.01% |
4,246
+3,441
| +427% | +$1.82M |
|
879
iShares Global Infrastructure ETF
IGF
$10.5B
| $2.33M | 0.01% |
39,370
| – | – |
|
880
State Street
STT
$52.4B
| $2.33M | 0.01% |
21,882
+825
| +4% | +$76.3K |
|
881
CONMED
CNMD
$1.54B
| $2.32M | 0.01% |
+44,496
| New | +$2.44M |
|
882
Mercury Systems
MRCY
$5.38B
| $2.3M | 0.01% |
42,769
+14,747
| +53% | +$718K |
|
883
Steven Madden
SHOO
$3.36B
| $2.3M | 0.01% |
95,922
+76,840
| +403% | +$1.8M |
|
884
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $2.3M | 0.01% |
18,154
| – | – |
|
885
Robert Half
RHI
$4.62B
| $2.3M | 0.01% |
55,968
+7,245
| +15% | +$330K |
|
886
Bright Horizons
BFAM
$3.6B
| $2.3M | 0.01% |
18,570
+8,681
| +88% | +$1.06M |
|
887
Peabody Energy
BTU
$3.4B
| $2.29M | 0.01% |
170,536
+128,446
| +305% | +$1.7M |
|
888
ConocoPhillips
COP
$160B
| $2.28M | 0.01% |
25,407
-36,258
| -59% | -$3.26M |
|
889
Globant
GLOB
$1.71B
| $2.28M | 0.01% |
25,087
+8,644
| +53% | +$923K |
|
890
Valaris
VAL
$5.96B
| $2.26M | 0.01% |
53,737
+48,456
| +918% | +$1.82M |
|
|
B
891
Barrick Mining
B
$79.3B
| $2.26M | 0.01% |
+108,653
| New | +$2.12M |
|
892
SharkNinja
SN
$25.8B
| $2.26M | 0.01% |
22,797
-1,534
| -6% | -$133K |
|
893
Synopsys
SNPS
$75.5B
| $2.25M | 0.01% |
4,393
+1,534
| +54% | +$715K |
|
894
Pitney Bowes
PBI
$2.27B
| $2.25M | 0.01% |
206,335
+70,575
| +52% | +$664K |
|
895
American Airlines Group
AAL
$9.02B
| $2.25M | 0.01% |
200,347
+139,937
| +232% | +$1.5M |
|
896
Carlyle Group
CG
$17.5B
| $2.25M | 0.01% |
43,727
| – | – |
|
897
Rush Enterprises Class A
RUSHA
$8.53B
| $2.25M | 0.01% |
43,619
+38,900
| +824% | +$1.98M |
|
898
AptarGroup
ATR
$8.57B
| $2.24M | 0.01% |
14,310
-31,963
| -69% | -$4.83M |
|
899
Dutch Bros
BROS
$7.17B
| $2.24M | 0.01% |
32,707
+16,418
| +101% | +$1.07M |
|
900
AAM Low Duration Preferred and Income Securities ETF
PFLD
$405M
| $2.23M | 0.01% |
113,924
+53,837
| +90% | +$1.06M |
|
Similar funds
Joel Greenblatt's Q2 2025 Portfolio in Review
As of Q2 2025, Joel Greenblatt held 1,766 positions worth $16.7B, up 39% from $12B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Joel Greenblatt deployed $3.42B of net new capital in Q2 2025, opening 225 new positions and adding to 917 existing holdings. Its largest new stake was iShares Gold Trust: 165,240 shares worth $10.3M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Lennox International, an estimated $13.3M trimmed.
- Joel Greenblatt's largest Q2 2025 buy was iShares Gold Trust: 165,240 shares worth $10.3M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $605M increase.
- Joel Greenblatt's biggest Q2 2025 reduction was Lennox International, cutting an estimated $13.3M.
- Joel Greenblatt fully exited Paycor HCM, Inc. Common Stock in Q2 2025, selling an estimated $9.92M.
- Joel Greenblatt's ten largest holdings make up 27% of its $16.7B portfolio in Q2 2025.
- Joel Greenblatt opened 225 new positions and closed 111 in Q2 2025.
- Joel Greenblatt's portfolio value rose 39% quarter-over-quarter to $16.7B.
Based on Gotham Asset Management's 13F filing for Q2 2025, filed 14 Aug 2025.