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 |
Amazon
AMZN
|
+$257M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$254M |
| 3 |
Microsoft
MSFT
|
+$247M |
| 4 |
AerCap
AER
|
+$77.8M |
| 5 |
ON Semiconductor
ON
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$76.2M |
| 2 |
Diamondback Energy
FANG
|
+$44.8M |
| 3 |
Exelon
EXC
|
+$41.9M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$38.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
PLYA
401
DELISTED
Playa Hotels & Resorts
PLYA
| $5.53M | 0.06% |
692,308
+232,354
| +51% | +$1.86M |
|
402
Archer Daniels Midland
ADM
$38.7B
| $5.52M | 0.06% |
+81,629
| New | +$5.27M |
|
403
Equitable Holdings
EQH
$13.3B
| $5.5M | 0.06% |
167,838
-39,894
| -19% | -$1.31M |
|
404
OceanFirst Financial
OCFC
$1.84B
| $5.45M | 0.06% |
245,483
-9,275
| -4% | -$202K |
|
|
EVRI
405
DELISTED
Everi Holdings
EVRI
| $5.43M | 0.06% |
254,458
+231,958
| +1,031% | +$5.29M |
|
|
CMA
406
DELISTED
Comerica
CMA
| $5.43M | 0.06% |
+62,366
| New | +$5.35M |
|
407
Gen Digital
GEN
$17.3B
| $5.41M | 0.06% |
+208,107
| New | +$5.27M |
|
|
NBIS
408
Nebius Group N.V.
NBIS
$59.6B
| $5.38M | 0.06% |
+88,958
| New | +$6.55M |
|
409
Custom Truck One Source
CTOS
$2.22B
| $5.38M | 0.06% |
+672,433
| New | +$5.79M |
|
410
Jabil
JBL
$32.8B
| $5.37M | 0.06% |
76,301
+44,083
| +137% | +$2.79M |
|
411
Victory Capital Holdings
VCTR
$7.11B
| $5.37M | 0.06% |
+146,927
| New | +$5.34M |
|
412
Gerdau
GGB
$8.5B
| $5.35M | 0.06% |
+1,369,457
| New | +$5.2M |
|
413
Capital One
COF
$134B
| $5.32M | 0.06% |
36,681
+9,811
| +37% | +$1.52M |
|
414
Raymond James Financial
RJF
$33.7B
| $5.3M | 0.05% |
+52,759
| New | +$5.21M |
|
415
PUT
Comcast
CMCSA
$95.3B
| $5.29M | 0.05% |
105,000
| – | – |
|
416
ResMed
RMD
$33.4B
| $5.28M | 0.05% |
20,273
+12,391
| +157% | +$3.22M |
|
|
IS
417
DELISTED
ironSource Ltd.
IS
| $5.28M | 0.05% |
682,182
+35,480
| +5% | +$350K |
|
|
GGPI
418
DELISTED
Gores Guggenheim, Inc. Class A Common Stock
GGPI
| $5.26M | 0.05% |
+450,000
| New | +$5.17M |
|
419
Intercontinental Exchange
ICE
$90.5B
| $5.26M | 0.05% |
38,441
+31,975
| +495% | +$4.24M |
|
420
Lennox International
LII
$13.9B
| $5.26M | 0.05% |
16,207
+1,981
| +14% | +$619K |
|
421
CALL
Rekor Systems
REKR
$83.6M
| $5.24M | 0.05% |
800,000
+300,000
| +60% | +$2.82M |
|
422
Element Solutions
ESI
$8.6B
| $5.23M | 0.05% |
+215,541
| New | +$5.09M |
|
423
Helmerich & Payne
HP
$4.35B
| $5.21M | 0.05% |
+219,994
| New | +$6.27M |
|
424
CALL
JD.com
JD
$39.7B
| $5.2M | 0.05% |
+74,200
| New | +$5.87M |
|
425
Truist Financial
TFC
$61.6B
| $5.18M | 0.05% |
+88,529
| New | +$5.41M |
|
Similar funds
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.