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 | |
|---|---|---|---|---|---|---|
1451
Freshpet
FRPT
$3.55B
| $380K | ﹤0.01% |
6,904
+3,513
| +104% | +$218K |
|
1452
Ollie's Bargain Outlet
OLLI
$4.6B
| $380K | ﹤0.01% |
+2,958
| New | +$393K |
|
1453
Vanguard S&P Mid-Cap 400 ETF
IVOO
$3.87B
| $379K | ﹤0.01% |
3,435
| – | – |
|
1454
N-able
NABL
$686M
| $379K | ﹤0.01% |
48,590
-7,285
| -13% | -$58.4K |
|
1455
Cenovus Energy
CVE
$60.7B
| $377K | ﹤0.01% |
22,192
+8,525
| +62% | +$133K |
|
1456
Vanguard Morningstar Mega Cap Growth ETF
MGK
$33.2B
| $377K | ﹤0.01% |
4,680
| – | – |
|
1457
Camping World
CWH
$676M
| $376K | ﹤0.01% |
23,783
+11,047
| +87% | +$189K |
|
|
PDS
1458
Precision Drilling
PDS
$1.18B
| $376K | ﹤0.01% |
6,663
-970
| -13% | -$53.1K |
|
1459
SiTime
SITM
$18.5B
| $375K | ﹤0.01% |
1,243
+169
| +16% | +$39.2K |
|
|
QXO
1460
QXO Inc
QXO
$14.3B
| $371K | ﹤0.01% |
+19,482
| New | +$403K |
|
1461
Diodes
DIOD
$4.33B
| $369K | ﹤0.01% |
6,940
-7,799
| -53% | -$418K |
|
1462
Alphatec Holdings
ATEC
$1.46B
| $369K | ﹤0.01% |
+25,372
| New | +$353K |
|
1463
FIVE9
FIVN
$2.45B
| $369K | ﹤0.01% |
15,240
-14,650
| -49% | -$387K |
|
1464
Bausch Health
BHC
$2.41B
| $368K | ﹤0.01% |
57,024
-18,434
| -24% | -$126K |
|
1465
FirstService
FSV
$6.35B
| $367K | ﹤0.01% |
1,927
+768
| +66% | +$149K |
|
1466
State Street Blackstone High Income ETF
HYBL
$576M
| $365K | ﹤0.01% |
12,757
| – | – |
|
1467
CorMedix
CRMD
$639M
| $365K | ﹤0.01% |
+31,365
| New | +$379K |
|
1468
Jackson Financial
JXN
$8.8B
| $364K | ﹤0.01% |
3,596
| – | – |
|
1469
Methanex
MEOH
$4.65B
| $364K | ﹤0.01% |
9,143
-39,882
| -81% | -$1.42M |
|
1470
Coeur Mining
CDE
$21.6B
| $362K | ﹤0.01% |
+19,281
| New | +$236K |
|
|
DCH
1471
Dauch Corp
DCH
$1.63B
| $358K | ﹤0.01% |
59,554
-23,233
| -28% | -$124K |
|
1472
Herc Holdings
HRI
$5.41B
| $357K | ﹤0.01% |
3,061
-10,262
| -77% | -$1.32M |
|
1473
DoubleVerify
DV
$2.06B
| $356K | ﹤0.01% |
29,737
-472,440
| -94% | -$7.01M |
|
1474
IonQ
IONQ
$18.2B
| $356K | ﹤0.01% |
+5,784
| New | +$272K |
|
1475
Henry Schein
HSIC
$9.86B
| $354K | ﹤0.01% |
5,332
-33,924
| -86% | -$2.35M |
|
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.