Smart Money Radar / Whales / Joel Greenblatt
J

Joel Greenblatt

Gotham Asset Management, LLC · Holdings as of Sep 30, 2025, filed by Nov 15, 2025 · US long stock positions only

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

Reported value
$23B
60 positions shown
Copycat since 2016
3.12x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
SPY
16% 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 2025
SPY 16% GSPY 3% NVDA 2% AAPL 2% IVV 1% SNOW 1% AMZN 1% MSFT 1% AVGO 0% VOO 0% META 0% IEFA 0%
Top 15 positions shown, 30% of the book; 1661 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
SPY $3.7B 16% added
GSPY $612M 3% added
NVDA $534M 2% added
AAPL $364M 2% added
IVV $256M 1% added
SNOW $216M 1% added
AMZN $215M 1% added
SGOV $156M 1% added
MSFT $146M 1% added
GOOGL $122M 1% added
AVGO $106M 0% added
GVLU $98M 0% added
VOO $97M 0% added
META $82M 0% added
IEFA $77M 0% added
PLTR $75M 0% added
TSLA $70M 0% added
TPR $68M 0% added
WDC $64M 0% added
QQQ $62M 0% added
NEM $60M 0% added
APP $59M 0% unchanged
IEMG $59M 0% added
CAT $56M 0% added
WFRD $54M 0% added
PKG $52M 0% added
BRK.B $52M 0% added
SCCO $51M 0% added
NVT $50M 0% added
MU $50M 0% added
MRK $50M 0% added
CRL $49M 0% added
NTAP $49M 0% added
V $49M 0% added
ZBRA $49M 0% added
NFG $48M 0% added
NDSN $47M 0% added
CSCO $47M 0% added
REGN $47M 0% added
DIS $47M 0% added
CME $47M 0% added
BRO $47M 0% added
SWKS $46M 0% added
OC $46M 0% added
GD $46M 0% added
JBL $45M 0% added
SAM $45M 0% added
MTZ $45M 0% trimmed
BYD $44M 0% added
GOOG $44M 0% added
PII $44M 0% trimmed
unlisted $43M 0% added
EXE $43M 0% added
PNR $43M 0% added
WEX $43M 0% added
EVRG $43M 0% added
GEN $43M 0% added
CPRT $42M 0% added
CRWD $42M 0% added
FOXA $41M 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.