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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.22%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$9.67B
AUM Growth
+$2.26B
Cap. Flow
+$1.95B
Cap. Flow %
20.18%
Top 10 Hldgs %
21.78%
Holding
2,843
New
810
Increased
656
Reduced
567
Closed
731

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$257M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$254M
3
MSFT icon
Microsoft
MSFT
+$247M
4
AER icon
AerCap
AER
+$77.8M
5
ON icon
ON Semiconductor
ON
+$61.6M

Top Sells

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$76.2M
2
FANG icon
Diamondback Energy
FANG
+$44.8M
3
EXC icon
Exelon
EXC
+$41.9M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$38.8M
5
AEP icon
American Electric Power
AEP
+$38.3M

Sector Composition

Rank Sector Weight
1 Technology 15.23%
2 Consumer Discretionary 11.75%
3 Industrials 11.23%
4 Financials 8.63%
5 Healthcare 6.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VKTX icon
2626
Viking Therapeutics
VKTX
$3.95B
– –
-24,405
Closed -$153K
VLO icon
2627
PUT
Valero Energy
VLO
$100B
– –
-40,000
Closed -$2.82M
VMC icon
2628
Vulcan Materials
VMC
$35.8B
– –
-26,161
Closed -$4.42M
VNM icon
2629
VanEck Vietnam ETF
VNM
$516M
– –
-16,180
Closed -$312K
VPG icon
2630
Vishay Precision Group
VPG
$887M
– –
-7,101
Closed -$247K
VPU
2631
Vanguard Utilities ETF
VPU
$8.27B
$0 ﹤0.01%
2
-9,157
-100% -$1.35M
VRE
2632
DELISTED
Veris Residential
VRE
– –
-23,103
Closed -$396K
VRM icon
2633
Vroom Inc
VRM
$53.8M
– –
-422
Closed -$746K
VSXY
2634
Victoria's Secret
VSXY
$6.79B
– –
-201,739
Closed -$11.1M
VTV icon
2635
Vanguard Morningstar Value ETF
VTV
$193B
– –
-8,007
Closed -$1.08M
VUZI icon
2636
Vuzix
VUZI
$248M
– –
-49,724
Closed -$520K
VXRT
2637
DELISTED
Vaxart
VXRT
– –
-43,600
Closed -$347K
VXX icon
2638
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
– –
-1,625
Closed -$724K
YARW
2639
Yarrow Bioscience
YARW
$97.2M
– –
-54
Closed -$68K
WABC icon
2640
Westamerica Bancorp
WABC
$1.35B
– –
-9,519
Closed -$536K
WASH icon
2641
Washington Trust Bancorp
WASH
$757M
– –
-14,591
Closed -$773K
WAT icon
2642
Waters Corp
WAT
$40.4B
– –
-10,232
Closed -$3.66M
WBD icon
2643
Warner Bros
WBD
$71.6B
– –
-271,823
Closed -$6.77M
WCN
2644
Waste Connections
WCN
$42.6B
– –
-22,789
Closed -$2.87M
WDC icon
2645
CALL
Western Digital
WDC
$166B
– –
-132,300
Closed -$5.65M
WDFC icon
2646
WD-40
WDFC
$2.91B
– –
-2,344
Closed -$543K
WEN icon
2647
Wendy's
WEN
$1.72B
– –
-107,836
Closed -$2.34M
WPC icon
2648
W.P. Carey
WPC
$16.2B
– –
-10,735
Closed -$768K
WPM icon
2649
Wheaton Precious Metals
WPM
$71.7B
– –
-21,914
Closed -$824K
WPRT
2650
Westport Fuel Systems
WPRT
$34.8M
– –
-1,830
Closed -$60K
104 105
106
107 108

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Michael Gelband's Q4 2021 Portfolio in Review

As of Q4 2021, Michael Gelband held 2,843 positions worth $9.67B, up 30% from $7.41B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Michael Gelband deployed $1.95B of net new capital in Q4 2021, opening 810 new positions and adding to 656 existing holdings. Its largest new stake was Amazon: 1,500,500 shares worth $250M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Advanced Micro Devices, an estimated $76.2M trimmed.

  • Michael Gelband's largest Q4 2021 buy was Amazon: 1,500,500 shares worth $250M.
  • Michael Gelband added most to State Street SPDR S&P 500 ETF Trust in Q4 2021, an estimated $254M increase.
  • Michael Gelband's biggest Q4 2021 reduction was Advanced Micro Devices, cutting an estimated $76.2M.
  • Michael Gelband fully exited Diamondback Energy in Q4 2021, selling an estimated $44.8M.
  • Michael Gelband's ten largest holdings make up 22% of its $9.67B portfolio in Q4 2021.
  • Michael Gelband opened 810 new positions and closed 731 in Q4 2021.
  • Michael Gelband's portfolio value rose 30% quarter-over-quarter to $9.67B.

Based on ExodusPoint Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.