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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
-1.47%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.91B
AUM Growth
-$1.76B
Cap. Flow
-$1.37B
Cap. Flow %
-17.29%
Top 10 Hldgs %
11.41%
Holding
2,902
New
788
Increased
705
Reduced
576
Closed
758

Top Buys

Rank Stock Value
1
XOM icon
ExxonMobil
XOM
+$52.3M
2
EXC icon
Exelon
EXC
+$51.9M
3
LIN icon
Linde
LIN
+$48.3M
4
AMD icon
Advanced Micro Devices
AMD
+$41.5M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$39.8M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$251M
2
MSFT icon
Microsoft
MSFT
+$235M
3
AMZN icon
Amazon
AMZN
+$226M
4
CSGP icon
CoStar Group
CSGP
+$103M
5
AER icon
AerCap
AER
+$82.2M

Sector Composition

Rank Sector Weight
1 Technology 13.96%
2 Industrials 12.92%
3 Consumer Discretionary 9.79%
4 Financials 9.27%
5 Energy 7.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTOS icon
351
Custom Truck One Source
CTOS
$2.22B
$5.49M 0.07%
654,456
-17,977
-3% -$145K
HUM icon
352
Humana
HUM
$45.5B
$5.49M 0.07%
12,608
-2,893
-19% -$1.21M
CPRI icon
353
Capri Holdings
CPRI
$1.55B
$5.48M 0.07%
106,708
+11,551
+12% +$692K
FRSH icon
354
Freshworks
FRSH
$3.39B
$5.48M 0.07%
305,919
+277,910
+992% +$5.65M
GGB icon
355
Gerdau
GGB
$8.5B
$5.48M 0.07%
1,073,921
-295,536
-22% -$1.27M
WLK icon
356
Westlake Corp
WLK
$10.1B
$5.48M 0.07%
44,381
-47,998
-52% -$5.23M
AZTA icon
357
Azenta
AZTA
$1.64B
$5.44M 0.07%
+65,671
New +$5.64M
STOR
358
DELISTED
STORE Capital Corporation
STOR
$5.44M 0.07%
186,182
+115,078
+162% +$3.55M
GPN icon
359
Global Payments
GPN
$24.7B
$5.44M 0.07%
39,765
+17,277
+77% +$2.41M
SBUX icon
360
Starbucks
SBUX
$122B
$5.43M 0.07%
+59,715
New +$5.64M
BRDG
361
DELISTED
Bridge Investment Group
BRDG
$5.42M 0.07%
266,334
-18,229
-6% -$382K
MCFT icon
362
MasterCraft Boat Holdings
MCFT
$617M
$5.41M 0.07%
219,967
-7,641
-3% -$203K
MNDY icon
363
monday.com
MNDY
$3.84B
$5.36M 0.07%
33,924
+3,668
+12% +$689K
RJF icon
364
Raymond James Financial
RJF
$33.7B
$5.36M 0.07%
48,770
-3,989
-8% -$423K
GTLB icon
365
GitLab
GTLB
$7.04B
$5.34M 0.07%
+98,133
New +$5.86M
WTM icon
366
White Mountains Insurance
WTM
$5.04B
$5.34M 0.07%
4,699
+4,296
+1,066% +$4.5M
ARW icon
367
Arrow Electronics
ARW
$10.7B
$5.33M 0.07%
44,975
+23,198
+107% +$2.91M
BDN
368
Brandywine Realty Trust
BDN
$522M
$5.33M 0.07%
+376,997
New +$5.1M
EEFT icon
369
Euronet Worldwide
EEFT
$2.62B
$5.32M 0.07%
40,865
-97,654
-70% -$12.4M
GDYN icon
370
Grid Dynamics Holdings
GDYN
$649M
$5.32M 0.07%
+377,780
New +$7.72M
EIX icon
371
Edison International
EIX
$27.5B
$5.31M 0.07%
75,742
+48,652
+180% +$3.11M
HWM icon
372
Howmet Aerospace
HWM
$108B
$5.3M 0.07%
147,366
+111,600
+312% +$3.81M
PFE icon
373
Pfizer
PFE
$160B
$5.29M 0.07%
102,096
-216,532
-68% -$11.2M
CCEP icon
374
Coca-Cola Europacific Partners
CCEP
$47.7B
$5.28M 0.07%
108,691
+102,098
+1,549% +$5.47M
RNR icon
375
RenaissanceRe
RNR
$13.4B
$5.26M 0.07%
33,170
+31,847
+2,407% +$4.95M
13 14
15
16 17

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Michael Gelband's Q1 2022 Portfolio in Review

As of Q1 2022, Michael Gelband held 2,902 positions worth $7.91B, down 18% from $9.67B the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Michael Gelband withdrew a net $1.37B in Q1 2022, closing 758 positions and reducing 576 holdings. Its most notable exit was CoStar Group, an estimated $103M position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Michael Gelband opened a new position in Linde worth $49.9M.

  • Michael Gelband's largest Q1 2022 buy was Linde: 156,289 shares worth $49.9M.
  • Michael Gelband added most to ExxonMobil in Q1 2022, an estimated $52.3M increase.
  • Michael Gelband's biggest Q1 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $251M.
  • Michael Gelband fully exited CoStar Group in Q1 2022, selling an estimated $103M.
  • Michael Gelband's ten largest holdings make up 11% of its $7.91B portfolio in Q1 2022.
  • Michael Gelband opened 788 new positions and closed 758 in Q1 2022.
  • Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.91B.

Based on ExodusPoint Capital Management's 13F filing for Q1 2022, filed 13 May 2022.