Joel Greenblatt's PEP Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 120,464 shares of PepsiCo, Inc. (PEP) worth $16.92 M, representing 0.07% 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +37,725 | Add 0.00% | 37,724 | $81.78 |
| Q3 2013 | +69,387 | Add 183.93% | 107,111 | $79.50 |
| Q4 2013 | +22,708 | Add 21.20% | 129,819 | $82.94 |
| Q1 2014 | -6,744 | Reduce 5.19% | 123,075 | $83.50 |
| Q2 2014 | -58,584 | Reduce 47.60% | 64,491 | $89.35 |
| Q3 2014 | -28,070 | Reduce 43.53% | 36,421 | $93.08 |
| Q4 2014 | -17,241 | Reduce 47.34% | 19,180 | $94.58 |
| Q1 2015 | +178,027 | Add 928.19% | 197,207 | $95.62 |
| Q2 2015 | -197,207 | Sold Out | 197,207 | $0.00 |
| Q4 2015 | +25,822 | New Buy | 25,822 | $99.91 |
| Q1 2016 | -20,241 | Reduce 78.39% | 5,581 | $102.49 |
| Q2 2016 | +17,872 | Add 320.23% | 23,453 | $105.96 |
| Q3 2016 | +116,726 | Add 497.70% | 140,179 | $108.77 |
| Q4 2016 | +34,235 | Add 24.42% | 174,414 | $104.63 |
| Q1 2017 | -174,414 | Sold Out | 174,414 | $0.00 |
| Q2 2017 | +99,498 | New Buy | 99,498 | $115.49 |
| Q3 2017 | -1,523 | Reduce 1.53% | 97,975 | $111.43 |
| Q4 2017 | +50,125 | Add 51.16% | 148,100 | $119.92 |
| Q1 2018 | +213,628 | Add 144.25% | 361,728 | $109.15 |
| Q2 2018 | +58,797 | Add 16.25% | 420,525 | $108.87 |
| Q3 2018 | +2,885 | Add 0.69% | 423,410 | $111.80 |
| Q4 2018 | -77,209 | Reduce 18.24% | 346,201 | $110.48 |
| Q1 2019 | -43,634 | Reduce 12.60% | 302,567 | $122.55 |
| Q2 2019 | -223,845 | Reduce 73.98% | 78,722 | $131.13 |
| Q3 2019 | +74,199 | Add 94.25% | 152,921 | $137.10 |
| Q4 2019 | +98,169 | Add 64.20% | 251,090 | $136.67 |
| Q1 2020 | -180,213 | Reduce 71.77% | 70,877 | $120.10 |
| Q2 2020 | +9,928 | Add 14.01% | 80,805 | $132.26 |
| Q3 2020 | -14,582 | Reduce 18.05% | 66,223 | $138.61 |
| Q4 2020 | -32,508 | Reduce 49.09% | 33,715 | $148.30 |
| Q1 2021 | -16,705 | Reduce 49.55% | 17,010 | $141.45 |
| Q2 2021 | -590 | Reduce 3.47% | 16,420 | $148.17 |
| Q3 2021 | +27,354 | Add 166.59% | 43,774 | $150.41 |
| Q4 2021 | -3,674 | Reduce 8.39% | 40,100 | $173.72 |
| Q1 2022 | -589 | Reduce 1.47% | 39,511 | $167.37 |
| Q2 2022 | +2,926 | Add 7.41% | 42,437 | $166.67 |
| Q3 2022 | +3,000 | Add 7.07% | 45,437 | $163.26 |
| Q4 2022 | -16,017 | Reduce 35.25% | 29,420 | $180.66 |
| Q1 2023 | -2,283 | Reduce 7.76% | 27,137 | $182.30 |
| Q2 2023 | -9,311 | Reduce 34.31% | 17,826 | $185.22 |
| Q3 2023 | +15,156 | Add 85.02% | 32,982 | $169.44 |
| Q4 2023 | +5,498 | Add 16.67% | 38,480 | $169.84 |
| Q1 2024 | -32,252 | Reduce 83.81% | 6,228 | $175.01 |
| Q2 2024 | +2,994 | Add 48.07% | 9,222 | $164.93 |
| Q3 2024 | +40,162 | Add 435.50% | 49,384 | $170.05 |
| Q4 2024 | +24,490 | Add 49.59% | 73,874 | $152.06 |
| Q1 2025 | -30,064 | Reduce 40.70% | 43,810 | $149.94 |
| Q2 2025 | +26,522 | Add 60.54% | 70,332 | $132.04 |
| Q3 2025 | +50,132 | Add 71.28% | 120,464 | $140.44 |
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. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt's largest addition to PepsiCo, Inc. (PEP) was in Q1 2018, adding 361,728 shares worth $39.48 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 120,464 shares of PepsiCo, Inc. (PEP), valued at approximately $16.92 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, PepsiCo, Inc. (PEP) represents approximately 0.07% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt's peak holding in PepsiCo, Inc. (PEP) was 423,410 shares, as reported at the end of Q3 2018. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.