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 | |
|---|---|---|---|---|---|---|
1101
Newell Brands
NWL
$2.61B
| $1.67M | 0.01% |
449,110
+434,461
| +2,966% | +$1.76M |
|
|
DOO
1102
Bombardier Recreational Products
DOO
$4.84B
| $1.67M | 0.01% |
23,581
+3,163
| +15% | +$215K |
|
|
B
1103
Barrick Mining
B
$79.1B
| $1.66M | 0.01% |
38,096
+4,023
| +12% | +$151K |
|
|
INGM
1104
Ingram Micro Holding
INGM
$6.49B
| $1.66M | 0.01% |
77,662
+732
| +1% | +$15.9K |
|
1105
TSMC
TSM
$2.12T
| $1.64M | 0.01% |
5,400
+1,397
| +35% | +$410K |
|
1106
First Trust RBA American Industrial Renaissance ETF
AIRR
$9.92B
| $1.64M | 0.01% |
16,651
+10,180
| +157% | +$997K |
|
1107
iShares International Select Dividend ETF
IDV
$8.66B
| $1.64M | 0.01% |
41,472
+8,255
| +25% | +$313K |
|
1108
Rambus
RMBS
$9.41B
| $1.63M | 0.01% |
17,785
+14,480
| +438% | +$1.42M |
|
|
GTM
1109
ZoomInfo Technologies
GTM
$1.14B
| $1.63M | 0.01% |
160,585
-33,138
| -17% | -$341K |
|
1110
Unum
UNM
$14.1B
| $1.63M | 0.01% |
21,054
-107,485
| -84% | -$8.22M |
|
1111
GigaCloud Technology
GCT
$1.77B
| $1.61M | 0.01% |
41,082
+20,370
| +98% | +$674K |
|
1112
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29B
| $1.61M | 0.01% |
43,121
+1,516
| +4% | +$56.8K |
|
1113
CorVel
CRVL
$3.61B
| $1.61M | 0.01% |
23,739
+10,748
| +83% | +$778K |
|
1114
Shake Shack
SHAK
$3.04B
| $1.59M | 0.01% |
+19,604
| New | +$1.73M |
|
1115
Sphere Entertainment
SPHR
$5.69B
| $1.59M | 0.01% |
+16,676
| New | +$1.27M |
|
1116
First Industrial Realty Trust
FR
$8.37B
| $1.58M | 0.01% |
27,646
+14,731
| +114% | +$822K |
|
1117
F&G Annuities & Life
FG
$2.96B
| $1.57M | 0.01% |
50,973
+15,458
| +44% | +$484K |
|
1118
Modine Manufacturing
MOD
$9.99B
| $1.57M | 0.01% |
11,754
-13
| -0.1% | -$1.94K |
|
|
JHG
1119
DELISTED
Janus Henderson
JHG
| $1.57M | 0.01% |
32,922
| – | – |
|
1120
Vanguard Russell 1000 Growth ETF
VONG
$44.6B
| $1.56M | 0.01% |
12,786
| – | – |
|
1121
CareDx
CDNA
$2.49B
| $1.56M | 0.01% |
+82,593
| New | +$1.38M |
|
1122
iShares MSCI USA Equal Weighted ETF
EUSA
$1.95B
| $1.55M | 0.01% |
14,956
| – | – |
|
1123
10x Genomics
TXG
$8.2B
| $1.54M | 0.01% |
94,717
+75,785
| +400% | +$1.14M |
|
1124
Avnet
AVT
$7.07B
| $1.54M | 0.01% |
32,115
-134,111
| -81% | -$6.59M |
|
1125
Buckle
BKE
$2.31B
| $1.54M | 0.01% |
28,830
+14,165
| +97% | +$790K |
|
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.