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
|
+$750M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$107M |
| 3 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$102M |
| 4 |
Airbnb
ABNB
|
+$96.7M |
| 5 |
Flowers Foods
FLO
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOLX
Hologic
HOLX
|
+$43.2M |
| 2 |
Packaging Corp of America
PKG
|
+$31.2M |
| 3 |
Carpenter Technology
CRS
|
+$22.7M |
| 4 |
K
Kellanova
K
|
+$22.5M |
| 5 |
James Hardie Industries
JHX
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.25% |
| 2 | Industrials | 12.14% |
| 3 | Consumer Discretionary | 10.27% |
| 4 | Healthcare | 7.47% |
| 5 | Financials | 5.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
ProShares UltraPro Dow 30
UDOW
$866M
| $2.27M | 0.01% |
39,214
| – | – |
|
1002
Sonic Automotive
SAH
$2.38B
| $2.25M | 0.01% |
36,327
+14,018
| +63% | +$928K |
|
1003
OSI Systems
OSIS
$3.36B
| $2.23M | 0.01% |
8,759
+4,063
| +87% | +$1.06M |
|
1004
Abercrombie & Fitch
ANF
$4.99B
| $2.23M | 0.01% |
17,709
+1,579
| +10% | +$138K |
|
1005
AAM Low Duration Preferred and Income Securities ETF
PFLD
$405M
| $2.23M | 0.01% |
113,924
| – | – |
|
1006
NXP Semiconductors
NXPI
$56.1B
| $2.22M | 0.01% |
10,224
-10,255
| -50% | -$2.2M |
|
1007
IES Holdings
IESC
$12.9B
| $2.21M | 0.01% |
11,348
+1,178
| +12% | +$237K |
|
|
SKE
1008
Skeena Resources
SKE
$4.39B
| $2.2M | 0.01% |
+92,820
| New | +$1.83M |
|
1009
Nutrien
NTR
$35.5B
| $2.2M | 0.01% |
35,623
+16,652
| +88% | +$980K |
|
1010
US Bancorp
USB
$97.3B
| $2.19M | 0.01% |
40,978
-426
| -1% | -$21K |
|
1011
MSCI
MSCI
$41.5B
| $2.18M | 0.01% |
3,807
+27
| +0.7% | +$15.1K |
|
1012
Mirion Technologies
MIR
$3.66B
| $2.18M | 0.01% |
+93,039
| New | +$2.32M |
|
1013
Synopsys
SNPS
$75.5B
| $2.17M | 0.01% |
4,629
-27,022
| -85% | -$12M |
|
1014
Advanced Energy
AEIS
$11B
| $2.17M | 0.01% |
10,378
-866
| -8% | -$176K |
|
1015
World Kinect Corp
WKC
$1.82B
| $2.17M | 0.01% |
92,424
+17,916
| +24% | +$442K |
|
1016
First American
FAF
$7.38B
| $2.16M | 0.01% |
35,229
-28,995
| -45% | -$1.82M |
|
1017
Dominion Energy
D
$58.6B
| $2.15M | 0.01% |
36,721
-156
| -0.4% | -$9.4K |
|
1018
Frontdoor
FTDR
$5.7B
| $2.15M | 0.01% |
37,231
+15,133
| +68% | +$890K |
|
1019
CubeSmart
CUBE
$9.21B
| $2.14M | 0.01% |
59,430
-42,187
| -42% | -$1.6M |
|
1020
Fluor
FLR
$6.86B
| $2.14M | 0.01% |
54,005
+48,599
| +899% | +$2.15M |
|
1021
Travere Therapeutics
TVTX
$6.15B
| $2.14M | 0.01% |
55,984
+28,241
| +102% | +$918K |
|
1022
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $2.13M | 0.01% |
49,822
+42,996
| +630% | +$1.9M |
|
1023
Semtech
SMTC
$11.3B
| $2.12M | 0.01% |
28,760
-38,192
| -57% | -$2.71M |
|
1024
Planet Labs
PL
$7.69B
| $2.1M | 0.01% |
106,421
-92,137
| -46% | -$1.32M |
|
1025
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $2.09M | 0.01% |
21,503
+6,796
| +46% | +$660K |
|
Similar funds
Joel Greenblatt's Q4 2025 Portfolio in Review
As of Q4 2025, Joel Greenblatt held 1,837 positions worth $27.4B, up 19% from $23B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Joel Greenblatt deployed $3.96B of net new capital in Q4 2025, opening 161 new positions and adding to 940 existing holdings. Its largest new stake was CoreWeave: 275,001 shares worth $19.7M.
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 Packaging Corp of America, an estimated $31.2M trimmed.
- Joel Greenblatt's largest Q4 2025 buy was CoreWeave: 275,001 shares worth $19.7M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $750M increase.
- Joel Greenblatt's biggest Q4 2025 reduction was Packaging Corp of America, cutting an estimated $31.2M.
- Joel Greenblatt fully exited Hologic in Q4 2025, selling an estimated $43.2M.
- Joel Greenblatt's ten largest holdings make up 27% of its $27.4B portfolio in Q4 2025.
- Joel Greenblatt opened 161 new positions and closed 118 in Q4 2025.
- Joel Greenblatt's portfolio value rose 19% quarter-over-quarter to $27.4B.
Based on Gotham Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.