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 | |
|---|---|---|---|---|---|---|
1826
Marqeta
MQ
$1.7B
| – | – |
-3,818
| Closed | -$72.5K |
|
1827
N-able
NABL
$686M
| – | – |
-41,702
| Closed | -$312K |
|
|
NAK
1828
Northern Dynasty Minerals
NAK
$978M
| – | – |
-22,978
| Closed | -$45.3K |
|
|
NGD
1829
DELISTED
New Gold Inc
NGD
| – | – |
-552,586
| Closed | -$4.81M |
|
1830
Nuvation Bio
NUVB
$2.43B
| – | – |
-31,269
| Closed | -$280K |
|
|
NVO
1831
Novo Nordisk
NVO
$207B
| – | – |
-3,987
| Closed | -$203K |
|
1832
Nextpower Inc
NXT
$13.1B
| – | – |
-15,958
| Closed | -$1.39M |
|
1833
Oaktree Specialty Lending
OCSL
$1.14B
| – | – |
-73,966
| Closed | -$942K |
|
1834
O-I Glass
OI
$1.1B
| – | – |
-61,765
| Closed | -$912K |
|
1835
Omnicell
OMCL
$1.62B
| – | – |
-15,630
| Closed | -$708K |
|
1836
Ondas Inc
ONDS
$4.97B
| – | – |
-51,599
| Closed | -$504K |
|
1837
ePlus
PLUS
$2.27B
| – | – |
-6,954
| Closed | -$610K |
|
1838
PTC Therapeutics
PTCT
$5.83B
| – | – |
-16,259
| Closed | -$1.24M |
|
1839
QuinStreet
QNST
$1.18B
| – | – |
-20,680
| Closed | -$297K |
|
1840
Red Violet
RDVT
$1.14B
| – | – |
-4,624
| Closed | -$263K |
|
|
REVG
1841
DELISTED
REV Group
REVG
| – | – |
-72,164
| Closed | -$4.39M |
|
1842
Resideo Technologies
REZI
$3.08B
| – | – |
-12,417
| Closed | -$436K |
|
1843
Rigel Pharmaceuticals
RIGL
$857M
| – | – |
-4,805
| Closed | -$206K |
|
1844
ReNew
RNW
$2.48B
| – | – |
-11,841
| Closed | -$66.9K |
|
1845
Rush Street Interactive
RSI
$2.98B
| – | – |
-17,850
| Closed | -$347K |
|
1846
Sanmina
SANM
$10.1B
| – | – |
-42,338
| Closed | -$6.35M |
|
|
SFIX
1847
Stitch Fix
SFIX
$446M
| – | – |
-70,839
| Closed | -$372K |
|
1848
Shake Shack
SHAK
$3.06B
| – | – |
-19,604
| Closed | -$1.59M |
|
1849
NuScale Power
SMR
$3.86B
| – | – |
-23,872
| Closed | -$338K |
|
1850
Stagwell
STGW
$2.13B
| – | – |
-24,706
| Closed | -$121K |
|
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.