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 | |
|---|---|---|---|---|---|---|
1476
Avantis US Small Cap Value ETF
AVUV
$31.3B
| $430K | ﹤0.01% |
4,221
+1,912
| +83% | +$191K |
|
1477
SoFi Technologies
SOFI
$24.4B
| $427K | ﹤0.01% |
16,320
+1,329
| +9% | +$37K |
|
1478
Theravance Biopharma
TBPH
$883M
| $424K | ﹤0.01% |
+22,680
| New | +$376K |
|
1479
Alibaba
BABA
$286B
| $422K | ﹤0.01% |
+2,879
| New | +$469K |
|
|
SEZL
1480
Sezzle
SEZL
$4.01B
| $422K | ﹤0.01% |
6,646
-1,821
| -22% | -$124K |
|
1481
LivaNova
LIVN
$4.34B
| $421K | ﹤0.01% |
6,836
-1,700
| -20% | -$97.1K |
|
1482
AAR Corp
AIR
$5.43B
| $419K | ﹤0.01% |
5,067
-1,755
| -26% | -$145K |
|
1483
Middleby
MIDD
$5.22B
| $419K | ﹤0.01% |
2,817
-1,807
| -39% | -$237K |
|
1484
Macerich
MAC
$6.91B
| $417K | ﹤0.01% |
22,574
+1,556
| +7% | +$27.4K |
|
1485
Star Bulk Carriers
SBLK
$3.41B
| $415K | ﹤0.01% |
21,600
| – | – |
|
1486
AerCap
AER
$23B
| $415K | ﹤0.01% |
+2,885
| New | +$382K |
|
1487
Fabrinet
FN
$15.6B
| $407K | ﹤0.01% |
895
| – | – |
|
1488
Winmark
WINA
$1.24B
| $407K | ﹤0.01% |
+1,005
| New | +$430K |
|
1489
SAP
SAP
$252B
| $403K | ﹤0.01% |
1,661
+787
| +90% | +$201K |
|
1490
TransAlta
TAC
$3.86B
| $401K | ﹤0.01% |
31,756
-2
| -0% | -$30 |
|
|
GOLD
1491
Gold.com Inc
GOLD
$1.34B
| $400K | ﹤0.01% |
+11,755
| New | +$336K |
|
|
ETHA
1492
iShares Ethereum Trust ETF
ETHA
$7.26B
| $398K | ﹤0.01% |
+17,751
| New | +$464K |
|
1493
Bausch Health
BHC
$2.41B
| $397K | ﹤0.01% |
57,161
+137
| +0.2% | +$901 |
|
|
JBTM
1494
JBT Marel
JBTM
$6.06B
| $393K | ﹤0.01% |
+2,608
| New | +$368K |
|
1495
Cactus
WHD
$5.57B
| $392K | ﹤0.01% |
8,578
-2,717
| -24% | -$114K |
|
1496
Boise Cascade
BCC
$2.88B
| $391K | ﹤0.01% |
5,318
-24
| -0.4% | -$1.75K |
|
1497
GATX Corp
GATX
$6.25B
| $390K | ﹤0.01% |
2,302
+112
| +5% | +$18.5K |
|
1498
BlackRock TCP Capital
TCPC
$338M
| $390K | ﹤0.01% |
+71,228
| New | +$410K |
|
1499
JPMorgan Active Growth ETF
JGRO
$9.88B
| $389K | ﹤0.01% |
+4,196
| New | +$393K |
|
1500
SPS Commerce
SPSC
$2.92B
| $387K | ﹤0.01% |
4,340
-2,519
| -37% | -$234K |
|
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.