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 | |
|---|---|---|---|---|---|---|
1201
Moderna
MRNA
$57.9B
| $1M | ﹤0.01% |
38,774
+4,792
| +14% | +$134K |
|
1202
Solid Power
SLDP
$541M
| $995K | ﹤0.01% |
+286,806
| New | +$1.08M |
|
1203
iShares Select Dividend ETF
DVY
$23.9B
| $992K | ﹤0.01% |
6,979
+1,658
| +31% | +$230K |
|
1204
AppFolio
APPF
$7.95B
| $987K | ﹤0.01% |
3,582
+1,713
| +92% | +$463K |
|
1205
Alerian MLP ETF
AMLP
$13.2B
| $987K | ﹤0.01% |
21,028
| – | – |
|
|
OPLN
1206
Openlane
OPLN
$4.08B
| $979K | ﹤0.01% |
34,006
+13,949
| +70% | +$380K |
|
1207
iShares Global Tech ETF
IXN
$9.23B
| $966K | ﹤0.01% |
9,358
| – | – |
|
1208
D-Wave Quantum Inc
QBTS
$7.59B
| $964K | ﹤0.01% |
38,993
-126,724
| -76% | -$2.31M |
|
1209
WisdomTree Dynamic International Equity Fund
DDWM
$1.5B
| $962K | ﹤0.01% |
23,019
| – | – |
|
1210
Ameriprise Financial
AMP
$49.1B
| $960K | ﹤0.01% |
1,955
+42
| +2% | +$21.5K |
|
1211
Intel
INTC
$476B
| $950K | ﹤0.01% |
28,314
+803
| +3% | +$19.5K |
|
1212
FT Vest Fund of Buffer ETFs
BUFR
$10.4B
| $948K | ﹤0.01% |
+28,370
| New | +$925K |
|
1213
Watts Water Technologies
WTS
$12.5B
| $946K | ﹤0.01% |
3,386
-2,130
| -39% | -$571K |
|
1214
First Trust NASDAQ Cybersecurity ETF
CIBR
$15B
| $941K | ﹤0.01% |
12,377
+162
| +1% | +$12K |
|
1215
Donnelley Financial Solutions
DFIN
$1.19B
| $939K | ﹤0.01% |
18,256
+230
| +1% | +$13.1K |
|
|
LNW
1216
DELISTED
Light & Wonder
LNW
| $939K | ﹤0.01% |
11,181
-1,226
| -10% | -$113K |
|
1217
Sylvamo
SLVM
$1.46B
| $935K | ﹤0.01% |
21,138
-8,532
| -29% | -$395K |
|
1218
BlackRock Flexible Income ETF
BINC
$16.5B
| $930K | ﹤0.01% |
17,464
| – | – |
|
1219
Sonos
SONO
$1.87B
| $929K | ﹤0.01% |
58,807
+33,323
| +131% | +$428K |
|
1220
Ryan Specialty Holdings
RYAN
$11.1B
| $927K | ﹤0.01% |
+16,456
| New | +$975K |
|
1221
Transmedics
TMDX
$3.29B
| $924K | ﹤0.01% |
8,237
+5,078
| +161% | +$594K |
|
1222
Petco
WOOF
$811M
| $922K | ﹤0.01% |
238,231
-143,299
| -38% | -$480K |
|
1223
MACOM Technology Solutions
MTSI
$20.4B
| $922K | ﹤0.01% |
7,405
-793
| -10% | -$105K |
|
1224
Acadia Pharmaceuticals
ACAD
$5.08B
| $921K | ﹤0.01% |
43,167
+25,560
| +145% | +$604K |
|
1225
Synchrony
SYF
$25.9B
| $921K | ﹤0.01% |
12,965
+46
| +0.4% | +$3.33K |
|
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.