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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
BBWI icon
426
Bath & Body Works
BBWI
$3.92B
$5.18M 0.05%
74,171
-73,557
-50% -$5.22M
CAH icon
427
Cardinal Health
CAH
$53.4B
$5.14M 0.05%
99,918
+15,196
+18% +$745K
CTAS icon
428
Cintas
CTAS
$81.6B
$5.14M 0.05%
46,388
+17,096
+58% +$1.84M
CRM icon
429
Salesforce
CRM
$171B
$5.1M 0.05%
20,053
-2,713
-12% -$762K
CBRE icon
430
CBRE Group
CBRE
$44B
$5.08M 0.05%
+46,771
New +$4.79M
DOX icon
431
Amdocs
DOX
$6.41B
$5.05M 0.05%
67,452
+55,150
+448% +$4.14M
CNR
432
DELISTED
Cornerstone Building Brands, Inc.
CNR
$5.03M 0.05%
288,591
+260,250
+918% +$4.04M
TDY icon
433
Teledyne Technologies
TDY
$29.5B
$5.01M 0.05%
11,459
+2,056
+22% +$894K
CODI icon
434
Compass Diversified
CODI
$879M
$5M 0.05%
+163,455
New +$4.96M
EPRT icon
435
Essential Properties Realty Trust
EPRT
$6.67B
$5M 0.05%
+173,376
New +$4.95M
MCD icon
436
McDonald's
MCD
$192B
$5M 0.05%
18,646
-55,068
-75% -$13.9M
AES icon
437
AES
AES
$10.5B
$4.97M 0.05%
204,429
-6,866
-3% -$167K
GCMG icon
438
GCM Grosvenor
GCMG
$839M
$4.96M 0.05%
472,380
-305,643
-39% -$3.42M
ALK icon
439
Alaska Air
ALK
$4.51B
$4.93M 0.05%
94,632
-82,249
-46% -$4.45M
SITE icon
440
SiteOne Landscape Supply
SITE
$4.19B
$4.91M 0.05%
20,278
+11,257
+125% +$2.6M
TEX icon
441
Terex
TEX
$7.6B
$4.91M 0.05%
111,634
+69,283
+164% +$3.11M
DCI icon
442
Donaldson
DCI
$10.8B
$4.87M 0.05%
82,214
+71,912
+698% +$4.26M
USB icon
443
US Bancorp
USB
$96.7B
$4.87M 0.05%
+86,659
New +$5.13M
EEM icon
444
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
$4.85M 0.05%
99,200
-657,500
-87% -$33.1M
EEM icon
445
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
$4.85M 0.05%
99,200
-178,800
-64% -$9M
ROST icon
446
Ross Stores
ROST
$76.7B
$4.84M 0.05%
42,389
+5,649
+15% +$632K
OGS icon
447
ONE Gas
OGS
$4.95B
$4.84M 0.05%
62,411
+43,428
+229% +$3.02M
SMAR
448
DELISTED
Smartsheet Inc.
SMAR
$4.83M 0.05%
62,362
-12,077
-16% -$844K
EXC icon
449
Exelon
EXC
$45.1B
$4.83M 0.05%
117,158
-1,113,572
-90% -$41.9M
VOYA icon
450
Voya Financial
VOYA
$8.86B
$4.83M 0.05%
72,791
-34,468
-32% -$2.27M
16 17
18
19 20

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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.