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 | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.07B | 11.03% |
1,858,501
+375,348
| +25% | +$208M |
|
|
2
Gotham Enhanced 500 ETF
GSPY
$747M
| $470M | 4.86% |
14,889,552
+1,620,858
| +12% | +$49M |
|
|
3
NVIDIA
NVDA
$5.2T
| $266M | 2.75% |
2,190,989
+633,195
| +41% | +$74.8M |
|
4
iShares Core S&P 500 ETF
IVV
$893B
| $133M | 1.38% |
231,227
+556
| +0.2% | +$309K |
|
5
Apple
AAPL
$4.51T
| $123M | 1.28% |
529,675
+84,295
| +19% | +$18.8M |
|
6
Microsoft
MSFT
$3.59T
| $101M | 1.04% |
234,466
+21,074
| +10% | +$9.01M |
|
7
Alphabet (Google) Class A
GOOGL
$4.22T
| $69.1M | 0.71% |
416,503
+38,924
| +10% | +$6.53M |
|
8
Amazon
AMZN
$2.79T
| $68.3M | 0.71% |
366,297
+51,256
| +16% | +$9.35M |
|
9
Gotham 1000 Value ETF
GVLU
$262M
| $64.5M | 0.67% |
2,600,472
+38,272
| +1% | +$911K |
|
10
iShares Core MSCI EAFE ETF
IEFA
$195B
| $54.4M | 0.56% |
696,383
+15,911
| +2% | +$1.19M |
|
11
Meta Platforms (Facebook)
META
$1.4T
| $53.7M | 0.56% |
93,842
-3,812
| -4% | -$1.96M |
|
12
Snowflake
SNOW
$115B
| $50.9M | 0.53% |
443,006
+52
| +0% | +$6.39K |
|
13
Qualcomm
QCOM
$169B
| $44.8M | 0.46% |
263,413
+42,697
| +19% | +$7.54M |
|
14
iShares Core MSCI Emerging Markets ETF
IEMG
$160B
| $43.9M | 0.45% |
765,304
+2,990
| +0.4% | +$162K |
|
15
NRG Energy
NRG
$23.8B
| $43.7M | 0.45% |
479,340
+127,030
| +36% | +$10.1M |
|
16
Broadcom
AVGO
$1.75T
| $36.3M | 0.38% |
210,191
+6,761
| +3% | +$1.08M |
|
17
Berkshire Hathaway Class B
BRK.B
$1.06T
| $36.1M | 0.37% |
78,417
+5,785
| +8% | +$2.56M |
|
18
Johnson & Johnson
JNJ
$651B
| $35.3M | 0.36% |
217,637
-386
| -0.2% | -$61.5K |
|
|
19
Merck
MRK
$376B
| $35.1M | 0.36% |
308,924
+171,279
| +124% | +$20.3M |
|
20
Walt Disney
DIS
$186B
| $32.6M | 0.34% |
339,060
+91,104
| +37% | +$8.38M |
|
|
21
GE Aerospace
GE
$361B
| $31.7M | 0.33% |
168,080
+113,270
| +207% | +$19.2M |
|
22
Caterpillar
CAT
$381B
| $29.9M | 0.31% |
76,356
+4,037
| +6% | +$1.39M |
|
23
Lincoln Electric
LECO
$15.4B
| $29.3M | 0.3% |
152,604
+15,674
| +11% | +$3.01M |
|
24
Hilton Worldwide
HLT
$73.5B
| $27.2M | 0.28% |
117,797
+8,422
| +8% | +$1.82M |
|
25
PayPal
PYPL
$52.7B
| $26.8M | 0.28% |
343,232
-126,615
| -27% | -$8.47M |
|
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.