Smart Money Radar / Whales / Joel Greenblatt
J

Joel Greenblatt

Gotham Asset Management, LLC · Holdings as of Sep 30, 2023, filed by Nov 15, 2023 · US long stock positions only

The magic formula at industrial scale. Thousands of small positions.

Reported value
$5B
60 positions shown
Copycat since 2016
3.12x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
SPY
8% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Joel Greenblatt 3.12x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Sep 2023
SPY 8% GSPY 5% IVV 2% AAPL 1% MSFT 1% SNOW 1% GOOGL 1% GVLU 1% META 1% NVDA 1% AMZN 1% IEMG 1% BRK.B 1% IEFA 1% AMAT 0%
Top 15 positions shown, 26% of the book; 1298 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
SPY $390M 8% added
GSPY $260M 5% unchanged
IVV $79M 2% added
AAPL $70M 1% added
MSFT $60M 1% unchanged
SNOW $60M 1% unchanged
GOOGL $49M 1% unchanged
GVLU $46M 1% unchanged
META $38M 1% added
NVDA $37M 1% added
AMZN $36M 1% unchanged
IEMG $33M 1% added
BRK.B $29M 1% unchanged
IEFA $28M 1% added
AMAT $23M 0% added
CAT $23M 0% added
CSCO $22M 0% added
CRM $21M 0% added
AVGO $20M 0% trimmed
BND $20M 0% added
XOM $20M 0% trimmed
SWKS $20M 0% added
EMR $20M 0% added
JNJ $19M 0% added
LRCX $18M 0% added
PFE $17M 0% unchanged
CMCSA $15M 0% unchanged
KVUE $15M 0% new
ORCL $15M 0% added
KO $15M 0% added
NFLX $15M 0% added
SJM $14M 0% added
CF $14M 0% added
GILD $13M 0% added
RSG $13M 0% added
GIS $13M 0% added
GE $13M 0% trimmed
ADBE $13M 0% trimmed
LMT $13M 0% added
WMT $13M 0% trimmed
T $12M 0% added
KMB $12M 0% unchanged
GD $12M 0% added
APO $12M 0% unchanged
MPC $12M 0% trimmed
BMY $12M 0% added
HLT $12M 0% trimmed
BA $12M 0% added
KLAC $12M 0% added
MCHP $11M 0% added
MAR $11M 0% trimmed
RVTY $11M 0% trimmed
BWA $11M 0% added
CLF $11M 0% added
APP $11M 0% trimmed
MDLZ $11M 0% added
ABBV $11M 0% added
QLYS $11M 0% trimmed
CVNA $11M 0% added
DAL $11M 0% added
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.