Michael Gelband ExodusPoint Capital Management
Michael Gelband is a co-founder of ExodusPoint Capital Management, a multi-strategy hedge fund launched by veterans of larger alternative platforms. The firm pursues diversified strategies across asset classes with a focus on risk-managed absolute returns. Gelband’s firm is followed as part of the newer generation of multi-strategy complexes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$60.6M |
| 2 |
CoStar Group
CSGP
|
+$57.8M |
| 3 |
Consolidated Edison
ED
|
+$52.3M |
| 4 |
Deere & Co
DE
|
+$44.5M |
| 5 |
Exelon
EXC
|
+$42.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$483M |
| 2 |
Amazon
AMZN
|
+$366M |
| 3 |
Moderna
MRNA
|
+$123M |
| 4 |
Entergy
ETR
|
+$44.9M |
| 5 |
Linde
LIN
|
+$43.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.98% |
| 2 | Industrials | 10.54% |
| 3 | Consumer Discretionary | 9.76% |
| 4 | Financials | 9.11% |
| 5 | Healthcare | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Yum! Brands
YUM
$41.8B
| $8.72M | 0.12% |
+71,318
| New | +$9.05M |
|
|
XLNX
227
DELISTED
Xilinx Inc
XLNX
| $8.71M | 0.12% |
57,696
+16,437
| +40% | +$2.41M |
|
228
Eastman Chemical
EMN
$8.47B
| $8.7M | 0.12% |
86,317
+60,555
| +235% | +$6.68M |
|
229
Builders FirstSource
BLDR
$7.55B
| $8.68M | 0.12% |
167,789
-470,844
| -74% | -$23M |
|
230
Digital Realty Trust
DLR
$70.5B
| $8.63M | 0.12% |
59,724
-9,856
| -14% | -$1.55M |
|
231
Stewart Information Services
STC
$2.11B
| $8.58M | 0.12% |
135,698
-19,218
| -12% | -$1.14M |
|
232
Medtronic
MDT
$119B
| $8.46M | 0.11% |
67,476
-15,576
| -19% | -$2.02M |
|
233
AbbVie
ABBV
$468B
| $8.41M | 0.11% |
77,978
+45,610
| +141% | +$5.21M |
|
|
CTRA
234
DELISTED
Coterra Energy
CTRA
| $8.41M | 0.11% |
+386,388
| New | +$6.63M |
|
235
Dillards
DDS
$9.71B
| $8.39M | 0.11% |
+48,657
| New | +$9.26M |
|
236
SPDR Gold Trust
GLD
$152B
| $8.29M | 0.11% |
50,475
+20,472
| +68% | +$3.43M |
|
237
Mattel
MAT
$4.15B
| $8.28M | 0.11% |
446,182
+406,307
| +1,019% | +$8.42M |
|
238
FIVE9
FIVN
$2.45B
| $8.24M | 0.11% |
51,572
-15,477
| -23% | -$2.82M |
|
|
CERN
239
DELISTED
Cerner Corp
CERN
| $8.22M | 0.11% |
116,515
+42,411
| +57% | +$3.28M |
|
240
Canadian Natural Resources
CNQ
$106B
| $8.2M | 0.11% |
+458,358
| New | +$7.55M |
|
241
Texas Pacific Land
TPL
$26.5B
| $8.19M | 0.11% |
60,948
+59,229
| +3,446% | +$9.21M |
|
242
Abbott
ABT
$202B
| $8.19M | 0.11% |
+69,311
| New | +$8.51M |
|
243
Aflac
AFL
$58.2B
| $8.16M | 0.11% |
156,548
+96,761
| +162% | +$5.29M |
|
|
PLL
244
DELISTED
Piedmont Lithium
PLL
| $8.14M | 0.11% |
149,466
-9,854
| -6% | -$573K |
|
245
Apple
AAPL
$4.51T
| $8.13M | 0.11% |
57,494
+17,781
| +45% | +$2.62M |
|
246
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $8.11M | 0.11% |
+171,328
| New | +$8.99M |
|
247
Carter's
CRI
$1.31B
| $8.09M | 0.11% |
83,141
+48,697
| +141% | +$4.91M |
|
|
PRMW
248
DELISTED
Primo Water Corporation
PRMW
| $8.07M | 0.11% |
+513,281
| New | +$8.64M |
|
249
CALL
BILL Holdings
BILL
$4.76B
| $8.04M | 0.11% |
+30,000
| New | +$6.92M |
|
|
GMS
250
DELISTED
GMS Inc
GMS
| $8.02M | 0.11% |
183,046
+170,432
| +1,351% | +$8.15M |
|
Similar funds
Michael Gelband's Q3 2021 Portfolio in Review
As of Q3 2021, Michael Gelband held 2,951 positions worth $7.41B, down 18% from $9.04B the previous quarter. Its ten largest holdings account for 9.8% of the portfolio.
Michael Gelband withdrew a net $1.27B in Q3 2021, closing 919 positions and reducing 594 holdings. Its most notable exit was Amazon, an estimated $366M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Michael Gelband opened a new position in Advanced Micro Devices worth $61M.
- Michael Gelband's largest Q3 2021 buy was Advanced Micro Devices: 592,990 shares worth $61M.
- Michael Gelband added most to CoStar Group in Q3 2021, an estimated $57.8M increase.
- Michael Gelband's biggest Q3 2021 reduction was Microsoft, cutting an estimated $483M.
- Michael Gelband fully exited Amazon in Q3 2021, selling an estimated $366M.
- Michael Gelband's ten largest holdings make up 9.8% of its $7.41B portfolio in Q3 2021.
- Michael Gelband opened 679 new positions and closed 919 in Q3 2021.
- Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.41B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.