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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
-0.13%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.41B
AUM Growth
-$1.63B
Cap. Flow
-$1.27B
Cap. Flow %
-17.2%
Top 10 Hldgs %
9.76%
Holding
2,951
New
679
Increased
670
Reduced
594
Closed
919

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$60.6M
2
CSGP icon
CoStar Group
CSGP
+$57.8M
3
ED icon
Consolidated Edison
ED
+$52.3M
4
DE icon
Deere & Co
DE
+$44.5M
5
EXC icon
Exelon
EXC
+$42.1M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$483M
2
AMZN icon
Amazon
AMZN
+$366M
3
MRNA icon
Moderna
MRNA
+$123M
4
ETR icon
Entergy
ETR
+$44.9M
5
LIN icon
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
VIOV icon
2676
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.89B
– –
-3,354
Closed -$306K
VIRT icon
2677
Virtu Financial
VIRT
$6B
– –
-37,290
Closed -$1.03M
VLO icon
2678
Valero Energy
VLO
$100B
– –
-93,156
Closed -$6.2M
VNDA icon
2679
Vanda Pharmaceuticals
VNDA
$319M
– –
-17,034
Closed -$366K
VNET
2680
VNET Group
VNET
$1.91B
– –
-12,224
Closed -$281K
VNOM icon
2681
Viper Energy
VNOM
$16.3B
– –
-39,339
Closed -$741K
VOX icon
2682
Vanguard Communication Services ETF
VOX
$5.8B
– –
-14,728
Closed -$2.12M
VRNT
2683
DELISTED
Verint Systems
VRNT
– –
-30,882
Closed -$1.39M
VRSK icon
2684
Verisk Analytics
VRSK
$24.4B
– –
-6,914
Closed -$1.21M
VSTM icon
2685
Verastem
VSTM
$624M
– –
-907
Closed -$44K
VTWV icon
2686
Vanguard Russell 2000 Value ETF
VTWV
$1.36B
– –
-2,099
Closed -$305K
VYGR icon
2687
Voyager Therapeutics
VYGR
$209M
– –
-35,328
Closed -$146K
VYM icon
2688
Vanguard High Dividend Yield ETF
VYM
$83.2B
– –
-37,215
Closed -$3.9M
VYX icon
2689
NCR Voyix
VYX
$1.09B
– –
-55,262
Closed -$1.55M
W icon
2690
Wayfair
W
$13.9B
– –
-9,992
Closed -$3.15M
WAB icon
2691
Wabtec
WAB
$50.3B
– –
-24,575
Closed -$2.02M
WAL icon
2692
Western Alliance Bancorporation
WAL
$8.69B
– –
-15,319
Closed -$1.42M
WATT icon
2693
Energous
WATT
$69.8M
– –
-20
Closed -$35K
WCC
2694
WESCO International
WCC
$17B
– –
-3,094
Closed -$318K
WCLD
2695
WisdomTree Cloud Computing Fund
WCLD
$335M
– –
-3,320
Closed -$186K
WERN icon
2696
Werner Enterprises
WERN
$2.33B
– –
-7,040
Closed -$313K
WHR icon
2697
Whirlpool
WHR
$2.63B
– –
-5,710
Closed -$1.25M
WLDN icon
2698
Willdan Group
WLDN
$1.3B
– –
-5,336
Closed -$201K
WMG icon
2699
Warner Music
WMG
$14.2B
– –
-35,862
Closed -$1.29M
WMS icon
2700
Advanced Drainage Systems
WMS
$10.8B
– –
-12,080
Closed -$1.41M
106 107
108
109 110

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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.