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Joel Greenblatt Portfolio

Joel Greenblatt is closely associated with Gotham Asset Management.

Gotham Asset Management, LLC Holdings · Q1 2026

Disclosed value
$32.7B
Holdings
1,749
Top sector
Technology
Filed
May 15, 2026
Performance
YTD
+12.9%
+3.9% vs S&P 500
1Y
+19.9%
+1.7% vs S&P 500
3Y
+59.6%
−4.8% vs S&P 500
Joel Greenblatt's latest portfolio (Q1 2026) holds 1,749 stocks worth $32.7B. Top holdings: State Str Spdr S&p 500 ETF T, Apple Inc. (AAPL), NVIDIA Corporation (NVDA).Biggest last-quarter moves:

Gotham Asset Management, LLC Holdings · 1749

Q1 2026 · Showing 15 positions from the selected holding view.

Estimated gain compares the quarter-end mark with a running share-weighted mean of covered-snapshot and add-quarter mean prices. Holdings with incomplete basis or price coverage are excluded.

Stock % Avg. buy price Estimated gain Quarter-end price Last transaction
NSoftware - ApplicationServiceNow, Inc. (NOW) 0.0%
Avg. buy price $627.19 Estimated gain−83.3%Quarter-end price $104.55 Last transaction Added· Q1 2026Increased shares by 28.5%
N 0.0% $627.19 −83.3% $104.55 Added· Q1 2026Increased shares by 28.5%
NEntertainmentNetflix, Inc. (NFLX) 0.2%
Avg. buy price $471.51 Estimated gain−79.9%Quarter-end price $95.00 Last transaction Added· Q1 2026Increased shares by 44.8%
N 0.2% $471.51 −79.9% $95.00 Added· Q1 2026Increased shares by 44.8%
OSpecialty RetailO'Reilly Automotive, Inc. (ORLY) 0.1%
Avg. buy price $217.04 Estimated gain−57.5%Quarter-end price $92.31 Last transaction Added· Q1 2026Increased shares by 66.8%
O 0.1% $217.04 −57.5% $92.31 Added· Q1 2026Increased shares by 66.8%
BPackaged FoodsBellRing Brands, Inc. (BRBR) 0.1%
Avg. buy price $34.24 Estimated gain−53.0%Quarter-end price $16.09 Last transaction Added· Q1 2026Increased shares by 60.2%
B 0.1% $34.24 −53.0% $16.09 Added· Q1 2026Increased shares by 60.2%
ASoftware - ApplicationAlight, Inc. (ALIT) 0.0%
Avg. buy price $1.19 Estimated gain−51.1%Quarter-end price $0.58 Last transaction Reduced· Q4 2025Sold 85.2% of shares
A 0.0% $1.19 −51.1% $0.58 Reduced· Q4 2025Sold 85.2% of shares
TSoftware - ApplicationAtlassian Corporation (TEAM) 0.0%
Avg. buy price $134.63 Estimated gain−49.3%Quarter-end price $68.25 Last transaction Added· Q1 2026Increased shares by 101.3%
T 0.0% $134.63 −49.3% $68.25 Added· Q1 2026Increased shares by 101.3%
GTelecommunications ServicesGogo Inc. (GOGO) 0.0%
Avg. buy price $7.92 Estimated gain−49.2%Quarter-end price $4.02 Last transaction Added· Q1 2026Increased shares by 141.7%
G 0.0% $7.92 −49.2% $4.02 Added· Q1 2026Increased shares by 141.7%
TSpecialty Business ServicesThomson Reuters Corporation (TRI) 0.0%
Avg. buy price $176.81 Estimated gain−49.1%Quarter-end price $89.98 Last transaction Reduced· Q1 2026Sold 41.2% of shares
T 0.0% $176.81 −49.1% $89.98 Reduced· Q1 2026Sold 41.2% of shares
SSoftware - InfrastructureSPS Commerce, Inc. (SPSC) 0.0%
Avg. buy price $105.00 Estimated gain−47.0%Quarter-end price $55.67 Last transaction Added· Q1 2026Increased shares by 63.1%
S 0.0% $105.00 −47.0% $55.67 Added· Q1 2026Increased shares by 63.1%
PSoftware - ApplicationProgress Software Corporation (PRGS) 0.0%
Avg. buy price $48.11 Estimated gain−46.7%Quarter-end price $25.65 Last transaction Reduced· Q1 2026Sold 3.4% of shares
P 0.0% $48.11 −46.7% $25.65 Reduced· Q1 2026Sold 3.4% of shares
SElectrical Equipment & PartsSolid Power, Inc. (SLDP) 0.0%
Avg. buy price $5.53 Estimated gain−45.7%Quarter-end price $3.00 Last transaction Reduced· Q1 2026Sold 66.1% of shares
S 0.0% $5.53 −45.7% $3.00 Reduced· Q1 2026Sold 66.1% of shares
TAsset ManagementT. Rowe Price Group, Inc. (TROW) 0.0%
Avg. buy price $164.05 Estimated gain−45.1%Quarter-end price $90.14 Last transaction Reduced· Q1 2026Sold 2.3% of shares
T 0.0% $164.05 −45.1% $90.14 Reduced· Q1 2026Sold 2.3% of shares
TOil & Gas Exploration & ProductionTexas Pacific Land Corporation (TPL) 0.1%
Avg. buy price $861.56 Estimated gain−44.9%Quarter-end price $474.56 Last transaction Reduced· Q1 2026Sold 8.8% of shares
T 0.1% $861.56 −44.9% $474.56 Reduced· Q1 2026Sold 8.8% of shares
CAuto - DealershipsCamping World Holdings, Inc. (CWH) 0.0%
Avg. buy price $12.39 Estimated gain−44.9%Quarter-end price $6.83 Last transaction Reduced· Q1 2026Sold 18.2% of shares
C 0.0% $12.39 −44.9% $6.83 Reduced· Q1 2026Sold 18.2% of shares
WRestaurantsWingstop Inc. (WING) 0.0%
Avg. buy price $277.94 Estimated gain−44.2%Quarter-end price $154.97 Last transaction Added· Q1 2026Increased shares by 66.3%
W 0.0% $277.94 −44.2% $154.97 Added· Q1 2026Increased shares by 66.3%
Data through Q1 2026 · filed May 15, 2026
15 of 502
Show all 502 holdings

Biggest position changes

In Q1 2026: 159 new, 935 added, 558 reduced, 119 exited.
Q1 2026Q4 2025Q3 2025Q2 2025
Largest disclosed changes in Q1 2026, ranked by estimated dollar change using the quarter's average market price.
Reduced or exitedBought or added
S Sandisk Corporation (SNDK) −$70M A Amazon.com, Inc. (AMZN) −$45M H Hillenbrand, Inc. (HI) Exited−$39M W Western Digital Corporation (WDC) −$36M F Flowers Foods, Inc. (FLO) −$36M C Civitas Resources, Inc. (CIVI) Exited−$33M A Alaska Air Group, Inc. (ALK) −$33M P Pentair plc (PNR) −$31M A Apple Inc. (AAPL) +$341M N NVIDIA Corporation (NVDA) +$217M P PayPal Holdings, Inc. (PYPL) +$40M K Kyndryl Holdings, Inc. (KD) +$34M I Incyte Corporation (INCY) +$32M B Blackstone Inc. (BX) +$31M D Doximity, Inc. (DOCS) +$29M R Roper Technologies, Inc. (ROP) +$29M
Other share changes without a dollar estimate, ranked by size.
Reduced or exitedBought or added
Spdr Series Trust −802K
H Highwoods Properties, Inc. (HIW) −604K
iShares Tr −549K
A Azenta, Inc. (AZTA) −455K
Blackberry Ltd −377K
Vanguard Scottsdale Fds −289K
R Rayonier Inc. (RYN) −273K W WillScot Holdings Corporation (WSC) −248K
Ccc Intelligent Solutions Hl +3.0M
State Str Spdr S&p 500 ETF T +2.3M
H Healthcare Realty Trust Incorporated (HR) +1.6M
Zoominfo Technologies Inc +1.3M
Versant Media Group Inc New+894K
X DENTSPLY SIRONA Inc. (XRAY) +861K M Millrose Properties, Inc. (MRP) +799K C Certara, Inc. (CERT) +774K

New this quarter

F FirstEnergy Corp. (FE) New· Q1 2026 P Plug Power Inc. (PLUG) New· Q1 2026 Z Zimmer Biomet Holdings, Inc. (ZBH) New· Q1 2026 C Clearwater Analytics Holdings, Inc. (CWAN) New· Q1 2026 S Silgan Holdings Inc. (SLGN) New· Q1 2026 M ManpowerGroup Inc. (MAN) New· Q1 2026 B Box, Inc. (BOX) New· Q1 2026 Q QXO, Inc. (QXO) New· Q1 2026

Portfolio composition

Largest holdings in Q1 2026, sized by their share of the disclosed portfolio. This shows what is owned, not what changed.

Netflix, Inc. (NFLX): 0.2%BellRing Brands, Inc. (BRBR): 0.1%O'Reilly Automotive, Inc. (ORLY): 0.1%Texas Pacific Land Corporation (TPL): 0.1%Atlassian Corporation (TEAM): 0.0%Other holdings: 99.6%
N Netflix, Inc. (NFLX) 0.2%
B BellRing Brands, Inc. (BRBR) 0.1%
O O'Reilly Automotive, Inc. (ORLY) 0.1%
T Texas Pacific Land Corporation (TPL) 0.1%
T Atlassian Corporation (TEAM) 0.0%
Other holdings 99.6%
Show more

Portfolio over time

Each band is a top holding's share of the disclosed portfolio, quarter by quarter; the rest is grouped as other.
3Y5YAll
0%50%100%202120222023202420252026
Apple Inc. (AAPL)NVIDIA Corporation (NVDA)Amazon.com, Inc. (AMZN)Other holdings

Investors with similar portfolios

Ray DalioBridgewater Associates, LPAlso holds State Str Spdr S&p 500 ETF T and iShares TrKen GriffinCitadel Advisors LLCAlso holds State Str Spdr S&p 500 ETF T and NVIDIA Corporation (NVDA)Ken FisherFisher Asset Management, LLCAlso holds State Str Spdr S&p 500 ETF T and iShares Tr 7 10yr Tr Bd ETFInvescoInvesco Ltd.Also holds State Str Spdr S&p 500 ETF T and Apple Inc. (AAPL)Jim SimonsRenaissance Technologies LLCAlso holds iShares Tr and Apple Inc. (AAPL)Warren BuffettBerkshire Hathaway IncAlso holds Apple Inc. (AAPL) and American Express Company (AXP)

About Joel Greenblatt and Gotham Asset Management, LLC

Joel Greenblatt is closely associated with Gotham Asset Management. This page shows Gotham's quarterly Form 13F report of certain United States listed long positions, not Greenblatt's personal account. Cash, short positions, private investments, many derivatives, client allocations, and trades completed before quarter end may be absent.

SEC filing history for Gotham Asset Management, LLC

Joel Greenblatt FAQ

Profile refreshed July 20, 2026

What stocks does Joel Greenblatt own?

As of the Q1 2026 filing, Joel Greenblatt's largest disclosed holdings are State Str Spdr S&p 500 ETF T, Apple Inc. (AAPL), NVIDIA Corporation (NVDA). The table shows 15 of 1,749 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.

What did Joel Greenblatt buy last quarter?

The biggest disclosed buys in Q1 2026 were Apple Inc. (AAPL), NVIDIA Corporation (NVDA), PayPal Holdings, Inc. (PYPL), based on the Gotham Asset Management, LLC 13F filing. New positions are marked "new" in the table above.

What did Joel Greenblatt sell last quarter?

The biggest reductions in Q1 2026 were Sandisk Corporation (SNDK), Amazon.com, Inc. (AMZN), Western Digital Corporation (WDC). The filing comparison contains 119 full exits, summarized in the activity view above.

How big is Joel Greenblatt's portfolio?

The latest 13F discloses $32.7B across 1,749 positions in Q1 2026. 13F filings cover US-listed long positions only; cash and short positions are not disclosed.

How up to date is this?

Funds file 13Fs up to 45 days after each quarter ends, so this portfolio reflects Q1 2026, the latest disclosed quarter. The filing date is shown with every table.

Where does the Gotham Asset Management, LLC portfolio data come from?

Non-rejected, non-superseded SEC Form 13F filings for Gotham Asset Management, LLC provide the Q1 2026 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.

How is performance calculated?

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.

Who is Joel Greenblatt?

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

How did Greenblatt build Gotham Capital?

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.

What is Joel Greenblatt's magic formula?

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.

What was Gotham Capital's historical return?

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.

What is the Value Investors Club?

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

Where did Joel Greenblatt study?

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.

Does Joel Greenblatt still teach at Columbia?

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

Are these Greenblatt's personal holdings or a list of magic-formula stocks?

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.

How can a reader study Greenblatt's approach?

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.