Joel Greenblatt Portfolio

As of the Q3 2025 filing, Joel Greenblatt's largest disclosed holdings are Spdr S&p 500 ETF Tr, Tidal Trust I, NVIDIA Corporation (NVDA). The table shows 15 of 1,676 positions by default, with an exact-count control for the remaining rows. Disclosed shares and values remain visible even when a separate market-price estimate is unavailable.

The biggest disclosed buys in Q3 2025 were Apple Inc. (AAPL), NVIDIA Corporation (NVDA), Snowflake Inc. (SNOW), based on the Gotham Asset Management, LLC 13F filing. New positions are marked "new" in the table above.

The biggest reductions in Q3 2025 were PPG Industries, Inc. (PPG), Lockheed Martin Corporation (LMT), NRG Energy, Inc. (NRG). The filing comparison contains 148 full exits, summarized in the activity view above.

The latest 13F discloses $23.0B across 1,676 positions in Q3 2025. 13F filings cover US-listed long positions only; cash and short positions are not disclosed.

Funds file 13Fs up to 45 days after each quarter ends, so this portfolio reflects Q3 2025, the latest disclosed quarter. The filing date is shown with every table.

Non-rejected, non-superseded SEC Form 13F filings for Gotham Asset Management, LLC provide the Q3 2025 holdings, disclosed values, and filing date shown here. WhoBought prefers filings whose value units validate and labels a sparse filing when validation is unavailable. Industry labels come from the local company classification record.

Performance uses daily closing prices for holdings with available market-price history. It covers the priced share of disclosed value (62%); holdings without sufficient price history are excluded from the calculation.

Joel Greenblatt is a value investor, writer, Columbia Business School adjunct professor, and co-manager of Gotham Asset Management with Robert Goldstein.

He started Gotham Capital in 1985 with $7 million. The fund concentrated on special situations such as corporate spinoffs and restructurings before returning outside investors' capital in 1995.

The method ranks companies on two ideas: buying businesses at a high earnings yield and favoring companies with a high return on invested capital. Greenblatt introduced it in The Little Book That Beats the Market.

Wikipedia reports a 50 percent annualized return from 1985 through 1994 after expenses but before the general partner's incentive allocation, or about 30 percent after all fees. Those are historical Gotham Capital figures, not the return of the current 13F holdings shown here.

Greenblatt and John Petry created it as a forum where approved members exchange value and special-situation ideas. Membership is capped at 250 people.

He earned a bachelor's degree from the Wharton School in 1979 and an MBA in 1980. He later studied law at Stanford for one year before pursuing finance.

Yes. The current biography describes him as an adjunct professor at Columbia Business School.

Neither. They are Gotham Asset Management's disclosed 13F positions. The filing does not identify Greenblatt's personal account or say that every holding came from the public magic-formula screen.

His books explain the valuation methods. This page adds a separate view of Gotham's reported holdings and changes, but the delayed filing cannot reproduce the firm's long-and-short portfolios or its complete decision process.