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 | |
|---|---|---|---|---|---|---|
901
US Bancorp
USB
$97.2B
| $1.43M | 0.01% |
33,903
+1,207
| +4% | +$55.7K |
|
902
Cinemark Holdings
CNK
$4.38B
| $1.42M | 0.01% |
56,891
+19,023
| +50% | +$530K |
|
903
Invesco Preferred ETF
PGX
$3.71B
| $1.41M | 0.01% |
125,878
+3,486
| +3% | +$40.3K |
|
904
Wolverine World Wide
WWW
$1.73B
| $1.4M | 0.01% |
100,987
-739
| -0.7% | -$13.5K |
|
905
Gaming and Leisure Properties
GLPI
$12.8B
| $1.4M | 0.01% |
+27,560
| New | +$1.35M |
|
906
Capital One
COF
$135B
| $1.4M | 0.01% |
7,810
-16
| -0.2% | -$3.02K |
|
907
Pultegroup
PHM
$24.9B
| $1.4M | 0.01% |
13,602
+6,035
| +80% | +$652K |
|
908
Open Text
OTEX
$5.93B
| $1.4M | 0.01% |
55,334
+7,275
| +15% | +$200K |
|
909
Boston Properties
BXP
$11B
| $1.38M | 0.01% |
20,514
+14,545
| +244% | +$1.02M |
|
910
Tidewater
TDW
$4.59B
| $1.38M | 0.01% |
32,563
+14,099
| +76% | +$701K |
|
911
ODDITY Tech
ODD
$620M
| $1.36M | 0.01% |
31,530
-3,902
| -11% | -$173K |
|
912
Aramark
ARMK
$15.6B
| $1.36M | 0.01% |
39,474
+14,311
| +57% | +$527K |
|
913
Teradata
TDC
$2.56B
| $1.35M | 0.01% |
60,155
-72,670
| -55% | -$1.97M |
|
914
LCI Industries
LCII
$2.53B
| $1.35M | 0.01% |
15,390
-6,357
| -29% | -$639K |
|
915
Red Rock Resorts
RRR
$3.61B
| $1.34M | 0.01% |
30,989
+22,788
| +278% | +$1.08M |
|
916
American International
AIG
$40.6B
| $1.34M | 0.01% |
15,436
-7,966
| -34% | -$619K |
|
917
Boeing
BA
$166B
| $1.33M | 0.01% |
7,797
+717
| +10% | +$124K |
|
918
Weyerhaeuser
WY
$17.7B
| $1.32M | 0.01% |
45,205
-147,281
| -77% | -$4.38M |
|
|
NSA
919
DELISTED
National Storage Affiliates Trust
NSA
| $1.32M | 0.01% |
33,578
+21,053
| +168% | +$793K |
|
920
Steel Dynamics
STLD
$33.7B
| $1.32M | 0.01% |
10,563
-1,022
| -9% | -$130K |
|
921
Tandem Diabetes Care
TNDM
$1.58B
| $1.31M | 0.01% |
68,629
-47,247
| -41% | -$1.38M |
|
922
IPG Photonics
IPGP
$2.96B
| $1.31M | 0.01% |
20,732
-15,693
| -43% | -$1.05M |
|
923
Cracker Barrel
CBRL
$1.29B
| $1.3M | 0.01% |
33,559
+25,226
| +303% | +$1.27M |
|
924
iShares MSCI ACWI ex US ETF
ACWX
$12.4B
| $1.29M | 0.01% |
+23,341
| New | +$1.28M |
|
925
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $1.29M | 0.01% |
+10,028
| New | +$1.31M |
|
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.