Joel Greenblatt's PEP Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 48,170 shares of PepsiCo, Inc. (PEP) worth $6.91 M, representing 0.03% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Joel Greenblatt has maintained a long-term strategic position in PEP, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2018, adding 213,628 shares. Largest reduction occurred in Q2 2019, reducing 223,845 shares.
Analysis based on 13F filings available since 2013 Q2
Joel Greenblatt's PepsiCo (PEP) Holding Value Over Time
Track share changes against reported price movement
Quarterly PepsiCo (PEP) Trades by Joel Greenblatt
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -72,294 | Reduce 60.01% | 48,170 | $143.52 |
| Q3 2025 | +50,132 | Add 71.28% | 120,464 | $140.44 |
| Q2 2025 | +26,522 | Add 60.54% | 70,332 | $132.04 |
| Q1 2025 | -30,064 | Reduce 40.70% | 43,810 | $149.94 |
| Q4 2024 | +24,490 | Add 49.59% | 73,874 | $152.06 |
| Q3 2024 | +40,162 | Add 435.50% | 49,384 | $170.05 |
| Q2 2024 | +2,994 | Add 48.07% | 9,222 | $164.93 |
| Q1 2024 | -32,252 | Reduce 83.81% | 6,228 | $175.01 |
| Q4 2023 | +5,498 | Add 16.67% | 38,480 | $169.84 |
| Q3 2023 | +15,156 | Add 85.02% | 32,982 | $169.44 |
| Q2 2023 | -9,311 | Reduce 34.31% | 17,826 | $185.22 |
| Q1 2023 | -2,283 | Reduce 7.76% | 27,137 | $182.30 |
| Q4 2022 | -16,017 | Reduce 35.25% | 29,420 | $180.66 |
| Q3 2022 | +3,000 | Add 7.07% | 45,437 | $163.26 |
| Q2 2022 | +2,926 | Add 7.41% | 42,437 | $166.67 |
| Q1 2022 | -589 | Reduce 1.47% | 39,511 | $167.37 |
| Q4 2021 | -3,674 | Reduce 8.39% | 40,100 | $173.72 |
| Q3 2021 | +27,354 | Add 166.59% | 43,774 | $150.41 |
| Q2 2021 | -590 | Reduce 3.47% | 16,420 | $148.17 |
| Q1 2021 | -16,705 | Reduce 49.55% | 17,010 | $141.45 |
| Q4 2020 | -32,508 | Reduce 49.09% | 33,715 | $148.30 |
| Q3 2020 | -14,582 | Reduce 18.05% | 66,223 | $138.61 |
| Q2 2020 | +9,928 | Add 14.01% | 80,805 | $132.26 |
| Q1 2020 | -180,213 | Reduce 71.77% | 70,877 | $120.10 |
| Q4 2019 | +98,169 | Add 64.20% | 251,090 | $136.67 |
| Q3 2019 | +74,199 | Add 94.25% | 152,921 | $137.10 |
| Q2 2019 | -223,845 | Reduce 73.98% | 78,722 | $131.13 |
| Q1 2019 | -43,634 | Reduce 12.60% | 302,567 | $122.55 |
| Q4 2018 | -77,209 | Reduce 18.24% | 346,201 | $110.48 |
| Q3 2018 | +2,885 | Add 0.69% | 423,410 | $111.80 |
| Q2 2018 | +58,797 | Add 16.25% | 420,525 | $108.87 |
| Q1 2018 | +213,628 | Add 144.25% | 361,728 | $109.15 |
| Q4 2017 | +50,125 | Add 51.16% | 148,100 | $119.92 |
| Q3 2017 | -1,523 | Reduce 1.53% | 97,975 | $111.43 |
| Q2 2017 | +99,498 | New Buy | 99,498 | $115.49 |
| Q1 2017 | -174,414 | Sold Out | 0 | $0.00 |
| Q4 2016 | +34,235 | Add 24.42% | 174,414 | $104.63 |
| Q3 2016 | +116,726 | Add 497.70% | 140,179 | $108.77 |
| Q2 2016 | +17,872 | Add 320.23% | 23,453 | $105.96 |
| Q1 2016 | -20,241 | Reduce 78.39% | 5,581 | $102.49 |
| Q4 2015 | +25,822 | New Buy | 25,822 | $99.91 |
| Q2 2015 | -197,207 | Sold Out | 0 | $0.00 |
| Q1 2015 | +178,027 | Add 928.19% | 197,207 | $95.62 |
| Q4 2014 | -17,241 | Reduce 47.34% | 19,180 | $94.58 |
| Q3 2014 | -28,070 | Reduce 43.53% | 36,421 | $93.08 |
| Q2 2014 | -58,584 | Reduce 47.60% | 64,491 | $89.35 |
| Q1 2014 | -6,744 | Reduce 5.19% | 123,075 | $83.50 |
| Q4 2013 | +22,708 | Add 21.20% | 129,819 | $82.94 |
| Q3 2013 | +69,387 | Add 183.93% | 107,111 | $79.50 |
| Q2 2013 | +37,725 | Add 0.00% | 37,724 | $81.78 |
Joel Greenblatt's PepsiCo Investment FAQs
Joel Greenblatt first purchased PepsiCo, Inc. (PEP) in Q2 2013, acquiring 37,724 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt has held PepsiCo, Inc. (PEP) for 50 quarters since Q2 2013.
Joel Greenblatt's largest addition to PepsiCo, Inc. (PEP) was in Q1 2018, adding 361,728 shares worth $39.48 M.
According to the latest 13F filing for Q4 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 48,170 shares of PepsiCo, Inc. (PEP), valued at approximately $6.91 M.
As of the Q4 2025 filing, PepsiCo, Inc. (PEP) represents approximately 0.03% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings.
Joel Greenblatt's peak holding in PepsiCo, Inc. (PEP) was 423,410 shares, as reported at the end of Q3 2018.