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 | |
|---|---|---|---|---|---|---|
901
VF Corp
VFC
$5.63B
| $3.02M | 0.01% |
209,306
-39,989
| -16% | -$537K |
|
902
Euronet Worldwide
EEFT
$2.63B
| $3.01M | 0.01% |
34,227
+7,513
| +28% | +$720K |
|
903
GlobalFoundries
GFS
$25.2B
| $2.98M | 0.01% |
83,019
-193,957
| -70% | -$6.92M |
|
904
Valvoline
VVV
$4.26B
| $2.97M | 0.01% |
82,649
-35,907
| -30% | -$1.37M |
|
905
Resideo Technologies
REZI
$2.93B
| $2.96M | 0.01% |
68,558
+56,703
| +478% | +$1.77M |
|
906
PNC Financial Services
PNC
$97.2B
| $2.91M | 0.01% |
14,505
+505
| +4% | +$99.9K |
|
907
Global X Defense Tech ETF
SHLD
$7.31B
| $2.89M | 0.01% |
41,186
+23,484
| +133% | +$1.47M |
|
908
SharkNinja
SN
$25.8B
| $2.88M | 0.01% |
27,968
+5,171
| +23% | +$591K |
|
|
APLS
909
DELISTED
Apellis Pharmaceuticals
APLS
| $2.88M | 0.01% |
127,158
+7,929
| +7% | +$185K |
|
910
Tidewater
TDW
$4.62B
| $2.86M | 0.01% |
53,660
+16,556
| +45% | +$907K |
|
911
iShares Russell 1000 ETF
IWB
$48.8B
| $2.86M | 0.01% |
7,815
+190
| +2% | +$66.9K |
|
912
Franklin Templeton
BEN
$17.6B
| $2.84M | 0.01% |
122,857
+641
| +0.5% | +$15.8K |
|
913
VSE Corp
VSEC
$6.03B
| $2.83M | 0.01% |
+17,033
| New | +$2.6M |
|
914
Hudbay
HBM
$13.1B
| $2.83M | 0.01% |
186,745
-42,235
| -18% | -$484K |
|
|
CPRX
915
DELISTED
Catalyst Pharmaceutical
CPRX
| $2.78M | 0.01% |
141,343
+31,618
| +29% | +$650K |
|
916
State Street SPDR Global Dow ETF
DGT
$632M
| $2.78M | 0.01% |
17,172
| – | – |
|
917
Carlyle Group
CG
$17.5B
| $2.73M | 0.01% |
43,467
-260
| -0.6% | -$16.2K |
|
918
TFI International
TFII
$11.2B
| $2.72M | 0.01% |
30,903
+17,899
| +138% | +$1.64M |
|
919
Brookfield Infrastructure
BIPC
$4.82B
| $2.71M | 0.01% |
66,005
-10,495
| -14% | -$425K |
|
920
Domino's
DPZ
$11.5B
| $2.68M | 0.01% |
6,218
-4,124
| -40% | -$1.87M |
|
921
ESCO Technologies
ESE
$7.14B
| $2.68M | 0.01% |
12,686
+10,384
| +451% | +$2.05M |
|
922
iShares MSCI Emerging Markets ex China ETF
EMXC
$24.4B
| $2.68M | 0.01% |
39,663
+18,063
| +84% | +$1.17M |
|
923
NEOS Nasdaq 100 High Income ETF
QQQI
$14.1B
| $2.67M | 0.01% |
49,250
| – | – |
|
|
924
PPG Industries
PPG
$25.2B
| $2.66M | 0.01% |
25,299
-178,525
| -88% | -$19.8M |
|
925
Lumentum
LITE
$74.5B
| $2.66M | 0.01% |
16,331
+723
| +5% | +$90.2K |
|
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.