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
|
+$310M |
| 2 |
General Dynamics
GD
|
+$22.4M |
| 3 |
Gotham 1000 Value ETF
GVLU
|
+$21.7M |
| 4 |
Apple
AAPL
|
+$21.5M |
| 5 |
SLB Ltd
SLB
|
+$16.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRO
Marathon Oil Corporation
MRO
|
+$24.5M |
| 2 |
NVIDIA
NVDA
|
+$24.3M |
| 3 |
Applovin
APP
|
+$21.5M |
| 4 |
Devon Energy
DVN
|
+$17.5M |
| 5 |
Carvana
CVNA
|
+$11.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.72% |
| 2 | Industrials | 11.59% |
| 3 | Consumer Discretionary | 10.28% |
| 4 | Healthcare | 8.66% |
| 5 | Financials | 6.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Paycom
PAYC
$10.3B
| $17.3M | 0.16% |
84,230
-7,969
| -9% | -$1.62M |
|
127
Phillips 66
PSX
$96.9B
| $17.3M | 0.16% |
151,530
+22,412
| +17% | +$2.85M |
|
128
Southern Company
SO
$102B
| $17.2M | 0.16% |
208,519
+164,250
| +371% | +$14.4M |
|
129
International Paper
IP
$22B
| $17.2M | 0.16% |
318,731
+73,881
| +30% | +$3.96M |
|
130
Vanguard Morningstar Growth ETF
VUG
$225B
| $17.1M | 0.16% |
249,504
+51,042
| +26% | +$3.43M |
|
|
DOCU
131
DocuSign
DOCU
$11.8B
| $16.9M | 0.16% |
188,147
-60,857
| -24% | -$4.86M |
|
132
Howmet Aerospace
HWM
$108B
| $16.9M | 0.16% |
154,141
-44,287
| -22% | -$4.85M |
|
133
Flowers Foods
FLO
$1.47B
| $16.8M | 0.16% |
813,886
+469,652
| +136% | +$10.3M |
|
134
Ingredion
INGR
$6.74B
| $16.7M | 0.16% |
121,588
+17,378
| +17% | +$2.45M |
|
135
LyondellBasell Industries
LYB
$21.8B
| $16.7M | 0.16% |
224,509
-35,911
| -14% | -$3.02M |
|
136
Assured Guaranty
AGO
$3.27B
| $16.5M | 0.16% |
183,403
-10,140
| -5% | -$888K |
|
137
Republic Services
RSG
$67.6B
| $16.3M | 0.15% |
80,929
+11,503
| +17% | +$2.38M |
|
138
Host Hotels & Resorts
HST
$15.9B
| $16.2M | 0.15% |
921,833
+322,057
| +54% | +$5.78M |
|
|
MRSH
139
Marsh
MRSH
$91.6B
| $16.1M | 0.15% |
75,789
+60,920
| +410% | +$13.5M |
|
140
Marriott International
MAR
$92.9B
| $16.1M | 0.15% |
57,540
-29,020
| -34% | -$7.97M |
|
141
CF Industries
CF
$19.6B
| $16M | 0.15% |
188,017
+42,022
| +29% | +$3.64M |
|
142
Omega Healthcare
OHI
$14.1B
| $16M | 0.15% |
421,883
+62,621
| +17% | +$2.5M |
|
143
Waters Corp
WAT
$40.4B
| $16M | 0.15% |
43,041
-6,301
| -13% | -$2.3M |
|
144
Emcor
EME
$34.3B
| $16M | 0.15% |
35,151
+10,206
| +41% | +$4.83M |
|
145
Hartford Financial Services
HIG
$36.9B
| $16M | 0.15% |
145,804
+35,138
| +32% | +$4.07M |
|
146
Envista
NVST
$4.37B
| $15.9M | 0.15% |
825,019
-164,096
| -17% | -$3.25M |
|
147
Dover
DOV
$27.2B
| $15.9M | 0.15% |
84,569
+9,592
| +13% | +$1.88M |
|
148
TripAdvisor
TRIP
$1.17B
| $15.9M | 0.15% |
1,073,773
+676,977
| +171% | +$9.89M |
|
149
Mastercard
MA
$509B
| $15.7M | 0.15% |
29,902
-2,907
| -9% | -$1.5M |
|
150
Healthcare Realty
HR
$6.65B
| $15.7M | 0.15% |
928,927
+134,622
| +17% | +$2.37M |
|
Similar funds
Joel Greenblatt's Q4 2024 Portfolio in Review
As of Q4 2024, Joel Greenblatt held 1,557 positions worth $10.5B, up 9.1% from $9.67B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Joel Greenblatt deployed $892M of net new capital in Q4 2024, opening 155 new positions and adding to 628 existing holdings. Its largest new stake was Talen Energy Corp: 36,437 shares worth $7.34M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was NVIDIA, an estimated $24.3M trimmed.
- Joel Greenblatt's largest Q4 2024 buy was Talen Energy Corp: 36,437 shares worth $7.34M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q4 2024, an estimated $310M increase.
- Joel Greenblatt's biggest Q4 2024 reduction was NVIDIA, cutting an estimated $24.3M.
- Joel Greenblatt fully exited Marathon Oil Corporation in Q4 2024, selling an estimated $24.5M.
- Joel Greenblatt's ten largest holdings make up 27% of its $10.5B portfolio in Q4 2024.
- Joel Greenblatt opened 155 new positions and closed 136 in Q4 2024.
- Joel Greenblatt's portfolio value rose 9.1% quarter-over-quarter to $10.5B.
Based on Gotham Asset Management's 13F filing for Q4 2024, filed 14 Feb 2025.