Top 5 Stocks to Buy According to Legendary Value Investor Joel Greenblatt

2. SPDR S&P 500 ETF Trust (NYSE:SPY)

Gotham Asset Management’s Stake Value: $62,450,000

Percentage of Gotham Asset Management’s 13F Portfolio: 2.53%

Number of Hedge Fund Holders: 69

SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange traded fund designed to track the S&P 500 Index, is one of the top holdings of Joel Greenblatt. Greenblatt, via Gotham Asset Management, holds 145,524 SPDR S&P 500 ETF Trust (NYSE:SPY) shares, worth $62.45 million, representing 2.53% of the fund’s total investments in the third quarter. Gotham Asset Management increased its stake in the ETF by 64% in Q3. 

With a net asset value exceeding $467 billion, SPDR S&P 500 ETF Trust (NYSE:SPY) is the largest ETF in the world. One of the leading SPDR S&P 500 ETF Trust (NYSE:SPY) stakeholders from the third quarter is LMR Partners, with 2.7 million shares worth $1.15 billion. 

A total of 69 hedge funds were bullish on SPDR S&P 500 ETF Trust (NYSE:SPY) in the third quarter of 2021, down from 76 funds in the previous quarter.