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 | |
|---|---|---|---|---|---|---|
951
Rogers Communications
RCI
$19.7B
| $2.37M | 0.01% |
68,831
+38,839
| +129% | +$1.34M |
|
952
Dick's Sporting Goods
DKS
$16.1B
| $2.37M | 0.01% |
10,661
+4,855
| +84% | +$1.06M |
|
953
Boeing
BA
$166B
| $2.37M | 0.01% |
10,967
+646
| +6% | +$146K |
|
|
SNCY
954
DELISTED
Sun Country Airlines
SNCY
| $2.37M | 0.01% |
200,311
+69,862
| +54% | +$864K |
|
955
Robinhood
HOOD
$93.2B
| $2.35M | 0.01% |
+16,382
| New | +$1.79M |
|
956
iShares Core S&P Mid-Cap ETF
IJH
$125B
| $2.33M | 0.01% |
35,714
+504
| +1% | +$32.4K |
|
957
Telus
TU
$15.5B
| $2.32M | 0.01% |
147,335
+61,592
| +72% | +$999K |
|
958
MarketAxess Holdings
MKTX
$5.72B
| $2.32M | 0.01% |
13,332
+118
| +0.9% | +$23.1K |
|
959
Fortuna Silver Mines
FSM
$3.61B
| $2.3M | 0.01% |
256,165
-307,135
| -55% | -$2.24M |
|
960
Ingevity
NGVT
$2.37B
| $2.29M | 0.01% |
41,533
+11,695
| +39% | +$608K |
|
961
Prestige Consumer Healthcare
PBH
$2.46B
| $2.29M | 0.01% |
36,700
+24,867
| +210% | +$1.73M |
|
962
American Water Works
AWK
$27.8B
| $2.27M | 0.01% |
16,303
-7,103
| -30% | -$1M |
|
963
Sherwin-Williams
SHW
$84.2B
| $2.27M | 0.01% |
6,546
-7,598
| -54% | -$2.68M |
|
964
State Street SPDR S&P Global Natural Resources ETF
GNR
$5.2B
| $2.26M | 0.01% |
38,251
+5,779
| +18% | +$328K |
|
965
iShares Russell 2000 Growth ETF
IWO
$15B
| $2.26M | 0.01% |
7,064
| – | – |
|
966
Canadian National Railway
CNI
$77.1B
| $2.26M | 0.01% |
23,969
+12,894
| +116% | +$1.24M |
|
967
Dominion Energy
D
$58.6B
| $2.26M | 0.01% |
36,877
+141
| +0.4% | +$8.38K |
|
968
Elanco Animal Health
ELAN
$12.2B
| $2.25M | 0.01% |
111,904
-13,090
| -10% | -$219K |
|
969
Simon Property Group
SPG
$71.4B
| $2.25M | 0.01% |
11,980
+9,127
| +320% | +$1.58M |
|
970
AAM Low Duration Preferred and Income Securities ETF
PFLD
$405M
| $2.24M | 0.01% |
113,924
| – | – |
|
971
BlackBerry
BB
$4.48B
| $2.24M | 0.01% |
459,485
+332,616
| +262% | +$1.32M |
|
972
CarGurus
CARG
$3.31B
| $2.24M | 0.01% |
60,173
-19,911
| -25% | -$680K |
|
973
Elastic
ESTC
$8.65B
| $2.22M | 0.01% |
26,305
+23,882
| +986% | +$2.01M |
|
974
Cinemark Holdings
CNK
$4.45B
| $2.2M | 0.01% |
78,480
+39,053
| +99% | +$1.08M |
|
975
UFP Technologies
UFPT
$2.37B
| $2.19M | 0.01% |
10,967
+10,112
| +1,183% | +$2.22M |
|
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.