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
|
+$208M |
| 2 |
NVIDIA
NVDA
|
+$74.8M |
| 3 |
Gotham Enhanced 500 ETF
GSPY
|
+$49M |
| 4 |
Merck
MRK
|
+$20.3M |
| 5 |
GE Aerospace
GE
|
+$19.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Celanese
CE
|
+$14.3M |
| 2 |
ExxonMobil
XOM
|
+$11.5M |
| 3 |
APA Corp
APA
|
+$11.5M |
| 4 |
Kenvue
KVUE
|
+$10.7M |
| 5 |
Mattel
MAT
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.43% |
| 2 | Industrials | 11.88% |
| 3 | Consumer Discretionary | 10.29% |
| 4 | Healthcare | 9.07% |
| 5 | Financials | 5.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Philip Morris
PM
$293B
| $14.4M | 0.15% |
118,771
+8,614
| +8% | +$1M |
|
152
Healthcare Realty
HR
$6.65B
| $14.4M | 0.15% |
794,305
+69,321
| +10% | +$1.23M |
|
153
Dover
DOV
$27.2B
| $14.4M | 0.15% |
74,977
+27,192
| +57% | +$4.95M |
|
154
Ingredion
INGR
$6.74B
| $14.3M | 0.15% |
104,210
+9,929
| +11% | +$1.26M |
|
155
Walmart Inc
WMT
$825B
| $14.2M | 0.15% |
175,561
-1,148
| -0.6% | -$84.3K |
|
156
Conagra Brands
CAG
$7.89B
| $14.2M | 0.15% |
435,919
-122,541
| -22% | -$3.76M |
|
157
ServiceNow
NOW
$133B
| $14.2M | 0.15% |
79,230
-3,335
| -4% | -$548K |
|
|
PPL
158
PPL Corp
PPL
$25.9B
| $14.1M | 0.15% |
426,791
+211,694
| +98% | +$6.48M |
|
159
Fidelity National Financial
FNF
$12.7B
| $14M | 0.15% |
226,148
+29,663
| +15% | +$1.66M |
|
160
DaVita
DVA
$11.1B
| $14M | 0.15% |
85,486
+23,339
| +38% | +$3.45M |
|
161
Hubbell
HUBB
$24.8B
| $14M | 0.14% |
32,703
+5,724
| +21% | +$2.2M |
|
162
Republic Services
RSG
$67.6B
| $13.9M | 0.14% |
69,426
+17,014
| +32% | +$3.42M |
|
163
Coca-Cola
KO
$392B
| $13.9M | 0.14% |
193,702
-92,071
| -32% | -$6.3M |
|
164
Copart
CPRT
$31.3B
| $13.9M | 0.14% |
264,567
+100,907
| +62% | +$5.24M |
|
165
Elevance Health
ELV
$86.9B
| $13.9M | 0.14% |
26,653
+14,840
| +126% | +$7.93M |
|
166
Eaton
ETN
$163B
| $13.8M | 0.14% |
41,596
+2,168
| +5% | +$662K |
|
167
Verizon
VZ
$205B
| $13.7M | 0.14% |
305,451
-2,892
| -0.9% | -$121K |
|
168
VeriSign
VRSN
$25.5B
| $13.7M | 0.14% |
72,122
+7,691
| +12% | +$1.39M |
|
169
Constellation Energy
CEG
$96.7B
| $13.7M | 0.14% |
52,537
+28,999
| +123% | +$5.76M |
|
170
Parker-Hannifin
PH
$126B
| $13.6M | 0.14% |
21,600
-47
| -0.2% | -$26.7K |
|
171
American Tower
AMT
$81.9B
| $13.6M | 0.14% |
58,634
+8,290
| +16% | +$1.84M |
|
172
Roper Technologies
ROP
$40.7B
| $13.6M | 0.14% |
24,487
+9,091
| +59% | +$5M |
|
173
AST SpaceMobile
ASTS
$20.6B
| $13.6M | 0.14% |
+520,630
| New | +$11.7M |
|
174
Jabil
JBL
$32.8B
| $13.5M | 0.14% |
112,890
+28,429
| +34% | +$3.09M |
|
175
Cboe Global Markets
CBOE
$31.4B
| $13.5M | 0.14% |
65,905
-8,916
| -12% | -$1.75M |
|
Similar funds
Joel Greenblatt's Q3 2024 Portfolio in Review
As of Q3 2024, Joel Greenblatt held 1,552 positions worth $9.67B, up 25% from $7.72B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Joel Greenblatt deployed $1.31B of net new capital in Q3 2024, opening 145 new positions and adding to 741 existing holdings. Its largest new stake was AST SpaceMobile: 520,630 shares worth $13.6M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Celanese, an estimated $14.3M trimmed.
- Joel Greenblatt's largest Q3 2024 buy was AST SpaceMobile: 520,630 shares worth $13.6M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $208M increase.
- Joel Greenblatt's biggest Q3 2024 reduction was Celanese, cutting an estimated $14.3M.
- Joel Greenblatt fully exited Corteva in Q3 2024, selling an estimated $9.36M.
- Joel Greenblatt's ten largest holdings make up 25% of its $9.67B portfolio in Q3 2024.
- Joel Greenblatt opened 145 new positions and closed 150 in Q3 2024.
- Joel Greenblatt's portfolio value rose 25% quarter-over-quarter to $9.67B.
Based on Gotham Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.