Gotham Asset Management Portfolio Q2'2025: Top Holdings & Recent Changes
Welcome to the Value Sense Blog, your resource for insights on the stock market! At Value Sense, we focus on intrinsic value tools and offer stock ideas with undervalued companies. Dive into our research products and learn more about our unique approach at valuesense.io
Explore diverse stock ideas covering technology, healthcare, and commodities sectors. Our insights are crafted to help investors spot opportunities in undervalued growth stocks, enhancing potential returns. Visit us to see evaluations and in-depth market research.
Gotham Asset Management, led by renowned value investor Joel Greenblatt, continues to exemplify systematic, data-driven investing at scale. The firm’s Q2’2025 portfolio reveals a staggering $16.7 billion deployed across an unmatched 1,655 positions, reflecting Gotham’s signature quant value approach—broad diversification, disciplined rebalancing, and relentless pursuit of market inefficiency.
The Big Picture: Quantitative Value at Scale
Portfolio Highlights (Q2’2025): - Market Value: $16.7B - Top 10 Holdings: 27.0% - Portfolio Size: 1,655 +62 - Average Holding Period: 13 quarters - Turnover: 17.4%
Gotham’s Q2’2025 portfolio is a masterclass in systematic diversification. With over 1,650 positions, the fund’s breadth dwarfs most peers, reflecting a quant-driven process that seeks to capture value anomalies across the entire market. The top 10 holdings comprise just 27% of assets, underscoring a philosophy that no single stock should dominate risk or return.
The average holding period of 13 quarters—over three years—demonstrates Gotham’s commitment to letting its models play out, while a moderate 17.4% turnover signals disciplined rebalancing rather than high-frequency trading. This approach is designed to minimize behavioral biases and maximize the statistical edge of value investing at scale.
Holdings Overview: The Power of Broad Diversification
While most superinvestors concentrate capital in a handful of high-conviction bets, Gotham Asset Management’s approach is fundamentally different. The portfolio’s 1,655 positions span the market, with the top 10 holdings accounting for just over a quarter of assets. This reflects a belief in the law of large numbers: by systematically buying undervalued stocks and rebalancing with discipline, Gotham seeks to capture the aggregate outperformance of value factors.
Although individual stock weights are modest, the portfolio’s construction ensures that sector, factor, and style exposures are carefully managed. Investors tracking Gotham’s moves will notice that the firm’s rebalancing is driven by changes in valuation metrics, not by narrative or market sentiment. This means that even the largest positions are subject to regular review and adjustment, keeping the portfolio aligned with the latest quantitative signals.
What the Portfolio Reveals About Gotham’s Strategy
- Systematic Value Discipline: Gotham’s process is rooted in quantitative screens that identify undervalued stocks based on fundamentals, not stories.
- Extreme Diversification: With over 1,650 holdings, idiosyncratic risk is minimized, and the portfolio’s returns are driven by factor exposures.
- Consistent Rebalancing: A 17.4% turnover rate reflects regular, rules-based rebalancing to maintain exposure to the most attractive value opportunities.
- Long-Term Focus: The average holding period of 13 quarters shows patience—Gotham allows its models to work over full market cycles.
- Risk Management: No single position dominates, and sector weights are controlled, reducing the impact of outliers or market shocks.
Portfolio Concentration Analysis
| Position | Value | % of Portfolio | Recent Change |
|---|---|---|---|
| — | — | — | — |
| (No data available for top 10 holdings this quarter) |
With no individual top 10 holdings data reported for Q2’2025, the portfolio’s concentration is best understood through its aggregate statistics: the top 10 positions represent just 27% of total assets, and no single stock is likely to exceed a 3–4% weight. This ultra-diversified structure is a hallmark of Gotham’s quant value strategy, ensuring that performance is driven by the collective effect of hundreds of undervalued stocks rather than a handful of outsized bets.
Investment Lessons from Gotham Asset Management
- Diversification as Alpha: Gotham demonstrates that broad, systematic diversification can deliver strong risk-adjusted returns, especially when paired with disciplined value screens.
- Letting the Model Work: By maintaining a long average holding period, Gotham avoids the pitfalls of short-termism and allows value factors to realize their potential.
- Rules Over Emotion: Quantitative rebalancing removes behavioral biases, ensuring that decisions are made based on data, not headlines.
- Risk Control Through Position Sizing: No single stock can sink the portfolio, and sector exposures are carefully managed.
- Patience Pays: Value strategies can underperform for stretches, but Gotham’s track record shows that patience and discipline are rewarded over time.
Looking Ahead: What Comes Next?
With $16.7 billion in assets and a portfolio spanning 1,655 stocks, Gotham Asset Management is well-positioned to capitalize on future market dislocations. The fund’s systematic approach means it can rapidly adjust exposures as new value opportunities emerge, while its broad diversification provides resilience in volatile markets. Investors should watch for shifts in sector allocations or factor tilts as Gotham’s models respond to changing fundamentals and market conditions.
FAQ about Gotham Asset Management Portfolio
Q: Why does Gotham Asset Management hold so many stocks?
Gotham’s quant value strategy relies on broad diversification to capture the aggregate outperformance of undervalued stocks, minimizing the impact of any single position.
Q: How often does Gotham rebalance its portfolio?
The portfolio’s 17.4% turnover rate suggests regular, rules-based rebalancing—typically quarterly—to ensure continued exposure to the most attractive value opportunities.
Q: How can I track Gotham’s latest portfolio changes?
You can follow Gotham’s holdings and quarterly 13F filing updates on ValueSense, which provides timely analysis and visualization of all reported positions.
Q: What is the reporting lag for 13F filings?
13F filings are reported with a 45-day lag after quarter-end, so the data reflects positions as of the last quarter, not real-time trades.
Q: What can retail investors learn from Gotham’s approach?
Gotham’s disciplined, systematic process and commitment to diversification offer a blueprint for investors seeking to minimize risk and harness the power of value investing at scale.
Explore More Investment Opportunities
For investors seeking undervalued companies with high fundamental quality, our analytics team provides curated stock lists:
📌 50 Undervalued Stocks (Best overall value plays for 2025)
📌 50 Undervalued Dividend Stocks (For income-focused investors)
📌 50 Undervalued Growth Stocks (High-growth potential with strong fundamentals)
🔍 Check out these stocks on the Value Sense platform for free!