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
|
+$1.55B |
| 2 |
Apple
AAPL
|
+$341M |
| 3 |
NVIDIA
NVDA
|
+$216M |
| 4 |
iShares Russell 3000 ETF
IWV
|
+$112M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$60.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$73.4M |
| 2 |
SNDK
Sandisk
SNDK
|
+$70.1M |
| 3 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$44.8M |
| 5 |
HI
Hillenbrand
HI
|
+$39.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.31% |
| 2 | Industrials | 11.45% |
| 3 | Consumer Discretionary | 9.44% |
| 4 | Healthcare | 7.44% |
| 5 | Financials | 5.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1751
ProFrac Holding
ACDC
$880M
| – | – |
-11,004
| Closed | -$42.8K |
|
|
ACLX
1752
DELISTED
Arcellx
ACLX
| – | – |
-9,842
| Closed | -$642K |
|
1753
ADMA Biologics
ADMA
$2.2B
| – | – |
-13,627
| Closed | -$249K |
|
1754
Adient
ADNT
$1.54B
| – | – |
-15,026
| Closed | -$288K |
|
1755
Addus HomeCare
ADUS
$2.26B
| – | – |
-1,929
| Closed | -$207K |
|
1756
AerCap
AER
$23B
| – | – |
-2,885
| Closed | -$415K |
|
1757
AdaptHealth
AHCO
$751M
| – | – |
-14,894
| Closed | -$148K |
|
1758
Alarm.com
ALRM
$2.82B
| – | – |
-17,405
| Closed | -$888K |
|
1759
Altimmune
ALT
$605M
| – | – |
-12,669
| Closed | -$45.7K |
|
1760
Amphastar Pharmaceuticals
AMPH
$919M
| – | – |
-27,802
| Closed | -$745K |
|
1761
Angi Inc
ANGI
$200M
| – | – |
-14,166
| Closed | -$183K |
|
1762
argenx
ARGX
$65B
| – | – |
-272
| Closed | -$229K |
|
|
EFOR
1763
Everforth Inc
EFOR
$1.34B
| – | – |
-6,410
| Closed | -$309K |
|
1764
Alphatec Holdings
ATEC
$1.46B
| – | – |
-60,146
| Closed | -$1.27M |
|
1765
Axogen
AXGN
$2.71B
| – | – |
-6,217
| Closed | -$203K |
|
|
DCH
1766
Dauch Corp
DCH
$1.63B
| – | – |
-144,003
| Closed | -$923K |
|
1767
AZZ Inc
AZZ
$4.25B
| – | – |
-3,547
| Closed | -$380K |
|
1768
Bloom Energy
BE
$59.3B
| – | – |
-48,519
| Closed | -$4.22M |
|
|
KEEL
1769
Keel Infrastructure Corp
KEEL
$2.05B
| – | – |
-11,312
| Closed | -$26.6K |
|
1770
Black Hills Corp
BKH
$5.47B
| – | – |
-3,611
| Closed | -$251K |
|
1771
Dutch Bros
BROS
$6.88B
| – | – |
-43,462
| Closed | -$2.66M |
|
1772
Braze
BRZE
$3.5B
| – | – |
-9,433
| Closed | -$323K |
|
1773
Chemours
CC
$2.4B
| – | – |
-22,474
| Closed | -$265K |
|
1774
Celsius Holdings
CELH
$8.44B
| – | – |
-6,400
| Closed | -$293K |
|
1775
Central Garden & Pet Co Class A
CENTA
$2.41B
| – | – |
-7,819
| Closed | -$228K |
|
Similar funds
Joel Greenblatt's Q1 2026 Portfolio in Review
As of Q1 2026, Joel Greenblatt held 1,878 positions worth $32.7B, up 19% from $27.4B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Joel Greenblatt deployed $5.65B of net new capital in Q1 2026, opening 159 new positions and adding to 937 existing holdings. Its largest new stake was iShares Russell 3000 ETF: 288,620 shares worth $107M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $73.4M trimmed.
- Joel Greenblatt's largest Q1 2026 buy was iShares Russell 3000 ETF: 288,620 shares worth $107M.
- Joel Greenblatt added most to State Street SPDR S&P 500 ETF Trust in Q1 2026, an estimated $1.55B increase.
- Joel Greenblatt's biggest Q1 2026 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $73.4M.
- Joel Greenblatt fully exited Hillenbrand in Q1 2026, selling an estimated $39.3M.
- Joel Greenblatt's ten largest holdings make up 28% of its $32.7B portfolio in Q1 2026.
- Joel Greenblatt opened 159 new positions and closed 129 in Q1 2026.
- Joel Greenblatt's portfolio value rose 19% quarter-over-quarter to $32.7B.
Based on Gotham Asset Management's 13F filing for Q1 2026, filed 15 May 2026.