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 | |
|---|---|---|---|---|---|---|
1176
Vanguard Communication Services ETF
VOX
$5.8B
| $1.08M | ﹤0.01% |
5,764
| – | – |
|
1177
ODDITY Tech
ODD
$610M
| $1.08M | ﹤0.01% |
17,365
-1,155
| -6% | -$75K |
|
1178
Axcelis
ACLS
$3.92B
| $1.08M | ﹤0.01% |
11,015
-2,616
| -19% | -$211K |
|
|
HBI
1179
DELISTED
Hanesbrands
HBI
| $1.07M | ﹤0.01% |
162,723
-11,882
| -7% | -$65.6K |
|
1180
Harmony Biosciences
HRMY
$2.22B
| $1.07M | ﹤0.01% |
38,898
-809
| -2% | -$27.9K |
|
1181
WisdomTree Europe SmallCap Dividend Fund
DFE
$171M
| $1.07M | ﹤0.01% |
15,185
+6,991
| +85% | +$492K |
|
1182
SiteOne Landscape Supply
SITE
$4.19B
| $1.07M | ﹤0.01% |
+8,271
| New | +$1.12M |
|
1183
Life Time Group Holdings
LTH
$10.1B
| $1.06M | ﹤0.01% |
38,538
-42,856
| -53% | -$1.22M |
|
1184
Embecta
EMBC
$296M
| $1.06M | ﹤0.01% |
+75,012
| New | +$949K |
|
1185
Mettler-Toledo International
MTD
$28B
| $1.06M | ﹤0.01% |
862
+311
| +56% | +$390K |
|
1186
Enbridge
ENB
$110B
| $1.06M | ﹤0.01% |
+20,923
| New | +$985K |
|
1187
Trade Desk
TTD
$6.19B
| $1.06M | ﹤0.01% |
21,532
-30,526
| -59% | -$1.94M |
|
1188
Talos Energy
TALO
$2.92B
| $1.05M | ﹤0.01% |
109,905
-55,457
| -34% | -$498K |
|
1189
Chemours
CC
$2.4B
| $1.05M | ﹤0.01% |
66,370
+53,233
| +405% | +$772K |
|
1190
Schwab US Dividend Equity ETF
SCHD
$112B
| $1.05M | ﹤0.01% |
+38,389
| New | +$1.05M |
|
1191
Compass Minerals
CMP
$1.09B
| $1.04M | ﹤0.01% |
54,303
+9,944
| +22% | +$198K |
|
1192
ePlus
PLUS
$2.27B
| $1.04M | ﹤0.01% |
14,627
-2,106
| -13% | -$149K |
|
1193
Itron
ITRI
$4.38B
| $1.02M | ﹤0.01% |
8,216
+3,953
| +93% | +$503K |
|
1194
ESAB
ESAB
$5.06B
| $1.02M | ﹤0.01% |
9,101
-20,616
| -69% | -$2.45M |
|
1195
DigitalOcean
DOCN
$13.6B
| $1.02M | ﹤0.01% |
29,723
+2,509
| +9% | +$79.5K |
|
1196
Atkore
ATKR
$3.16B
| $1.01M | ﹤0.01% |
16,148
-9,930
| -38% | -$648K |
|
1197
Red Rock Resorts
RRR
$3.61B
| $1.01M | ﹤0.01% |
16,592
-2,368
| -12% | -$139K |
|
1198
CorVel
CRVL
$3.54B
| $1.01M | ﹤0.01% |
12,991
+6,374
| +96% | +$569K |
|
|
CAI
1199
Caris Life Sciences
CAI
$7.42B
| $1M | ﹤0.01% |
+33,203
| New | +$1.06M |
|
1200
Energizer
ENR
$1.47B
| $1M | ﹤0.01% |
40,239
+9,379
| +30% | +$245K |
|
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.