Institutional Investment Boosts
Gotham Asset Management Boosts Holdings in Multiple Public Companies Amid Active Institutional Trading
Key Points
In SS&C Technologies, Gotham Asset Management LLC reported owning 474,016 shares after adding 36,179 shares in the 4th quarter, valuing the position at $41,438,000; the filing coverage also highlighted unusually large moves by other investors, such as Teacher Retirement System of Texas, which grew its SS&C stake by 374.3% to 137,799 shares worth $12,046,000.
For Landstar System, Gotham increased its stake 30.8% to 340,451 shares after buying an additional 80,199 shares, worth $48,923,000; among other holders, M&T Bank Corp’s stake change stood out, with the bank growing its Landstar position by 151,424.4%—buying 6,290,171 additional shares to reach 6,294,325 shares valued at $904,495,000.
On APA Corporation, the coverage provided specific sell-side moves: Barclays raised its price objective from $35.00 to $41.00 and maintained an “equal weight” rating; Bank of America lifted its target from $23.00 to $27.00 with an “underperform” rating; and Evercore increased its target from $25.00 to $40.00 while keeping a “neutral” rating. The article also noted that 83.01% of APA shares are held by institutional investors and hedge funds.
For Pentair, Gotham’s reported stake increase was 27.0%, ending the period with 491,817 shares after adding 104,674 shares, valued at $51,218,000; the article also detailed another major holder’s activity—Massachusetts Financial Services Co. MA boosted its Pentair position by 13.1%, buying 305,166 shares to hold 2,638,855 shares worth $274,810,000—and stated that 92.37% of Pentair stock is owned by hedge funds and other institutional investors.
For Mid-America Apartment Communities (MAA), Gotham increased its position 62.3%, ending with 330,474 shares after purchasing an additional 126,816 shares, worth $45,906,000; the report also mentioned other investors’ actions, including Walleye Capital LLC acquiring a new MAA position valued at $230,000, and said hedge funds and other institutional investors own 93.60% of MAA stock.
Gotham Asset Management purchased 711,266 shares of APA Corporation in the fourth quarter of 2025, bringing its total stake to 2,291,509 shares worth roughly $56 million, according to MarketBeat. The move was part of a broad buying spree by the New York-based fund, which also added shares in SS&C Technologies, Landstar System, Pentair, and Mid-America Apartment Communities during the same period.
The purchases were revealed in Gotham's 13F filing with the SEC, Fintel reported. The firm, co-run by value investing pioneer Joel Greenblatt, now holds roughly $32.65 billion across 1,749 positions.
Gotham Bets Big on APA Amid Analyst Disagreement
Gotham's APA stake grew by roughly 46%, making it one of the fund's largest single-quarter additions. The energy company beat earnings estimates in May 2026, posting $1.38 earnings per share on $2.33 billion in revenue, according to MarketBeat. Institutional investors now hold 83.01% of APA's outstanding shares.
Wall Street analysts are split on APA's outlook. Barclays raised its price target from $35 to $41 while keeping an "equal weight" rating. Evercore lifted its target from $25 to $40, also staying "neutral." But Bank of America held an "underperform" rating and set a target of just $27, citing risks from OPEC policy and declining reserves. APA shares dropped roughly 6% in a single session on June 15, 2026, falling to $34.73, per MarketBeat.
Gotham Pours Millions Into Logistics and Water Technology
Gotham lifted its Landstar System position by 30.8%, buying 80,199 shares to reach 340,451 shares worth $48.9 million, according to MarketBeat. Landstar hauls freight across North America. The purchase signals Gotham's confidence in a rebound in the U.S. freight market.
Gotham also boosted its Pentair stake by 27%, adding 104,674 shares to reach 491,817 shares valued at $51.2 million. Pentair makes water treatment and flow control equipment. Institutional investors own 92.37% of Pentair stock, per MarketBeat. Massachusetts Financial Services separately added 305,166 Pentair shares, bringing its total to 2,638,855 shares worth $274.8 million.
Apartment REIT and Fintech Rounding Out the Portfolio Push
Gotham increased its stake in Mid-America Apartment Communities by 62.3%, the largest percentage gain across its five major Q4 buys. It added 126,816 shares, ending the period with 330,474 shares worth $45.9 million, MarketBeat reported. Hedge funds and institutions own 93.60% of MAA stock, leaving little room for retail-driven price swings.
In SS&C Technologies, a software company serving financial firms, Gotham added 36,179 shares — an 8.3% increase — to reach 474,016 shares valued at $41.4 million. SS&C beat Q1 2026 earnings estimates with $1.69 earnings per share, according to MarketBeat. UBS set a $115 price target on SS&C, calling it well-positioned in the regulated financial services market.
Other Big Institutions Made Even Bigger Moves Alongside Gotham
Gotham was not alone. M&T Bank Corp made one of the most dramatic single-quarter moves on record in Landstar, growing its position by 151,424% — buying 6,290,171 shares to reach a total stake of $904.5 million, per MarketBeat. The Teacher Retirement System of Texas grew its SS&C position by 374.3%, adding shares to reach 137,799 worth $12 million.
These moves reflect a broader institutional "bottom-fishing" trend, according to ValueRadar. Gotham's "Magic Formula" strategy, developed by Greenblatt, targets companies with high returns on capital and high earnings yields. The fund's simultaneous purchases across energy, logistics, water technology, and real estate suggest it sees broad value in these sectors right now.
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