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 | |
|---|---|---|---|---|---|---|
1051
Modine Manufacturing
MOD
$10.5B
| $1.67M | 0.01% |
11,767
-665
| -5% | -$84.6K |
|
1052
Canadian Pacific Kansas City
CP
$85B
| $1.67M | 0.01% |
22,439
+15,492
| +223% | +$1.18M |
|
|
TGNA
1053
DELISTED
TEGNA Inc
TGNA
| $1.66M | 0.01% |
81,838
-58,925
| -42% | -$1.12M |
|
1054
Rigetti Computing
RGTI
$5.98B
| $1.66M | 0.01% |
+55,598
| New | +$975K |
|
1055
Marriott Vacations Worldwide
VAC
$3.87B
| $1.66M | 0.01% |
24,883
-2,570
| -9% | -$198K |
|
1056
Floor & Decor
FND
$5.78B
| $1.66M | 0.01% |
22,460
+4,715
| +27% | +$386K |
|
1057
Vanguard Financials ETF
VFH
$13.8B
| $1.65M | 0.01% |
12,609
| – | – |
|
|
INGM
1058
Ingram Micro Holding
INGM
$6.34B
| $1.65M | 0.01% |
+76,930
| New | +$1.56M |
|
1059
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.7B
| $1.65M | 0.01% |
11,977
+58
| +0.5% | +$7.76K |
|
|
PSIX
1060
Power Solutions International
PSIX
$840M
| $1.64M | 0.01% |
16,677
-1,578
| -9% | -$140K |
|
1061
TG Therapeutics
TGTX
$8.31B
| $1.64M | 0.01% |
45,332
| – | – |
|
1062
Powell Industries
POWL
$7.2B
| $1.63M | 0.01% |
16,002
-15,750
| -50% | -$1.34M |
|
1063
Pacer US Small Cap Cash Cows 100 ETF
CALF
$3.95B
| $1.63M | 0.01% |
37,124
| – | – |
|
1064
Dana Inc
DAN
$3.41B
| $1.62M | 0.01% |
80,928
+61,699
| +321% | +$1.14M |
|
1065
U-Haul Holding Co
UHAL
$13.9B
| $1.61M | 0.01% |
+28,222
| New | +$1.66M |
|
1066
Healthcare Services Group
HCSG
$1.56B
| $1.6M | 0.01% |
95,362
+51,203
| +116% | +$762K |
|
1067
BJ's Restaurants
BJRI
$1.42B
| $1.59M | 0.01% |
52,064
+30,144
| +138% | +$1.08M |
|
1068
Credit Acceptance
CACC
$6.24B
| $1.58M | 0.01% |
3,385
-73
| -2% | -$36.4K |
|
1069
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.2B
| $1.57M | 0.01% |
41,605
+542
| +1% | +$20.3K |
|
1070
State Street Industrial Select Sector SPDR ETF
XLI
$33.4B
| $1.57M | 0.01% |
10,186
+488
| +5% | +$73.9K |
|
1071
Granite Construction
GVA
$5.5B
| $1.57M | 0.01% |
14,321
+8,279
| +137% | +$851K |
|
1072
Vanguard Russell 2000 Value ETF
VTWV
$1.36B
| $1.57M | 0.01% |
+10,052
| New | +$1.5M |
|
1073
V2X
VVX
$2.46B
| $1.56M | 0.01% |
26,939
-4,906
| -15% | -$262K |
|
1074
PureCycle Technologies
PCT
$1.37B
| $1.56M | 0.01% |
118,368
-4,823
| -4% | -$67K |
|
1075
Simply Good Foods
SMPL
$962M
| $1.55M | 0.01% |
62,605
+52,264
| +505% | +$1.54M |
|
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.