Smart Money Radar / Whales / Joel Greenblatt
J

Joel Greenblatt

Gotham Asset Management, LLC · Holdings as of Mar 31, 2025, filed by May 16, 2025 · US long stock positions only

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

Reported value
$12B
60 positions shown
Copycat since 2016
3.12x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
SPY
15% 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 · Mar 2025
SPY 15% GSPY 4% NVDA 2% AAPL 1% IVV 1% AMZN 1% MSFT 1% GVLU 1% IEFA 1% META 0% BRK.B 0% AVGO 0% IEMG 0%
Top 15 positions shown, 30% of the book; 1526 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
SPY $1.8B 15% added
GSPY $488M 4% added
NVDA $231M 2% added
AAPL $177M 1% added
IVV $153M 1% added
AMZN $137M 1% added
MSFT $90M 1% added
SNOW $83M 1% added
GVLU $80M 1% unchanged
GOOGL $66M 1% added
IEFA $63M 1% unchanged
META $57M 0% added
BRK.B $52M 0% added
AVGO $45M 0% added
IEMG $44M 0% added
MRK $35M 0% trimmed
VOO $35M 0% added
QCOM $33M 0% trimmed
CDNS $33M 0% added
NEM $31M 0% added
TPR $31M 0% trimmed
ELV $31M 0% added
EXPE $31M 0% added
VTI $30M 0% added
SWKS $30M 0% added
GEN $29M 0% added
NRG $29M 0% trimmed
unlisted $28M 0% added
GILD $28M 0% unchanged
EVRG $28M 0% added
UTHR $28M 0% added
PPG $27M 0% added
unlisted $27M 0% added
ADP $27M 0% added
BRO $27M 0% added
FOXA $27M 0% added
TDG $27M 0% added
T $26M 0% added
DIS $26M 0% trimmed
PLTR $26M 0% added
BND $26M 0% added
HWM $26M 0% added
unlisted $26M 0% added
TDY $25M 0% added
TSLA $25M 0% added
RSG $25M 0% added
SLB $25M 0% trimmed
CWEN $25M 0% added
BKNG $25M 0% added
WSM $25M 0% unchanged
MAS $24M 0% added
RL $24M 0% added
unlisted $24M 0% added
FFIV $24M 0% added
CRWD $24M 0% added
IRDM $24M 0% added
CME $24M 0% added
GD $24M 0% trimmed
EMR $24M 0% unchanged
TAP $24M 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.