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 | |
|---|---|---|---|---|---|---|
|
LSXMA
326
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $6.21M | 0.08% |
179,159
-149,101
| -45% | -$5.21M |
|
327
CALL
Evolent Health
EVH
$536M
| $6.2M | 0.08% |
+200,000
| New | +$4.8M |
|
328
First Industrial Realty Trust
FR
$8.34B
| $6.19M | 0.08% |
118,915
+109,660
| +1,185% | +$5.97M |
|
329
Boeing
BA
$169B
| $6.19M | 0.08% |
28,128
+21,437
| +320% | +$4.78M |
|
330
Salesforce
CRM
$171B
| $6.17M | 0.08% |
22,766
-116,057
| -84% | -$29.5M |
|
331
Qorvo
QRVO
$8.43B
| $6.17M | 0.08% |
36,879
+25,357
| +220% | +$4.71M |
|
332
Equitable Holdings
EQH
$13.3B
| $6.16M | 0.08% |
207,732
+55,185
| +36% | +$1.67M |
|
333
Hovnanian Enterprises
HOV
$770M
| $6.05M | 0.08% |
+62,727
| New | +$6.26M |
|
|
LAC
334
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $6M | 0.08% |
268,643
-116,700
| -30% | -$2.05M |
|
335
DexCom
DXCM
$34.8B
| $5.99M | 0.08% |
43,824
+28,068
| +178% | +$3.54M |
|
336
Twilio
TWLO
$34.6B
| $5.96M | 0.08% |
18,681
+4,048
| +28% | +$1.47M |
|
337
Applovin
APP
$102B
| $5.94M | 0.08% |
+82,120
| New | +$5.58M |
|
338
Equinor
EQNR
$102B
| $5.93M | 0.08% |
232,568
+209,159
| +893% | +$4.48M |
|
339
Realty Income
O
$59.2B
| $5.92M | 0.08% |
94,213
+50,930
| +118% | +$3.44M |
|
|
FORG
340
DELISTED
ForgeRock, Inc.
FORG
| $5.9M | 0.08% |
+151,609
| New | +$6.37M |
|
341
PUT
Comcast
CMCSA
$95.3B
| $5.88M | 0.08% |
105,000
| – | – |
|
342
MasTec
MTZ
$21.4B
| $5.84M | 0.08% |
67,715
+20,539
| +44% | +$1.95M |
|
343
Natera
NTRA
$47.9B
| $5.84M | 0.08% |
52,426
-25,992
| -33% | -$2.98M |
|
344
Thermo Fisher Scientific
TMO
$233B
| $5.78M | 0.08% |
10,116
-14,866
| -60% | -$8.16M |
|
345
CALL
Rekor Systems
REKR
$83.6M
| $5.74M | 0.08% |
500,000
+25,000
| +5% | +$227K |
|
346
Alliant Energy
LNT
$17.6B
| $5.71M | 0.08% |
102,064
-92,458
| -48% | -$5.46M |
|
|
BRDG
347
DELISTED
Bridge Investment Group
BRDG
| $5.71M | 0.08% |
+323,052
| New | +$5.56M |
|
|
HZNP
348
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $5.69M | 0.08% |
+51,911
| New | +$5.39M |
|
349
nVent Electric
NVT
$24.6B
| $5.66M | 0.08% |
174,995
+130,157
| +290% | +$4.22M |
|
350
CALL
Western Digital
WDC
$166B
| $5.65M | 0.08% |
+132,300
| New | +$6.29M |
|
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.