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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
-13.9%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$8.16B
AUM Growth
+$248M
Cap. Flow
+$1.5B
Cap. Flow %
18.35%
Top 10 Hldgs %
14.12%
Holding
2,786
New
644
Increased
646
Reduced
549
Closed
902

Top Buys

Rank Stock Value
1
ETR icon
Entergy
ETR
+$79.1M
2
DTE icon
DTE Energy
DTE
+$73.2M
3
FDX icon
FedEx
FDX
+$48.6M
4
MPC icon
Marathon Petroleum
MPC
+$47.5M
5
CMS icon
CMS Energy
CMS
+$45.3M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$75.8M
2
XOM icon
ExxonMobil
XOM
+$62M
3
LIN icon
Linde
LIN
+$49.9M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$38.6M
5
EXPE icon
Expedia Group
EXPE
+$29.7M

Sector Composition

Rank Sector Weight
1 Industrials 14.24%
2 Technology 13.54%
3 Utilities 9.55%
4 Financials 8.68%
5 Healthcare 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEP icon
51
PepsiCo
PEP
$196B
$23.8M 0.29%
142,601
+92,256
+183% +$15.5M
BKNG icon
52
Booking.com
BKNG
$158B
$23.6M 0.29%
337,350
+88,325
+35% +$7.54M
SLB icon
53
SLB Ltd
SLB
$79.9B
$23.5M 0.29%
658,123
+376,384
+134% +$15.7M
OVV icon
54
Ovintiv
OVV
$18.5B
$23.4M 0.29%
529,340
+220,270
+71% +$11.4M
DINO icon
55
HF Sinclair
DINO
$17.3B
$23.3M 0.29%
515,700
+295,825
+135% +$13.2M
AMZN icon
56
Amazon
AMZN
$2.79T
$23.2M 0.28%
218,526
+182,186
+501% +$22.8M
JPM icon
57
JPMorgan Chase
JPM
$935B
$23.1M 0.28%
205,489
+190,739
+1,293% +$23.6M
GWW icon
58
W.W. Grainger
GWW
$61.8B
$22.9M 0.28%
50,437
+21,144
+72% +$10.3M
DE icon
59
Deere & Co
DE
$175B
$22.8M 0.28%
76,267
+43,326
+132% +$16M
CEG icon
60
Constellation Energy
CEG
$96.7B
$22.7M 0.28%
396,496
+358,140
+934% +$21.5M
V icon
61
Visa
V
$693B
$22.5M 0.28%
114,408
+68,157
+147% +$14.1M
ADI icon
62
Analog Devices
ADI
$182B
$22.2M 0.27%
152,097
+66,821
+78% +$10.5M
WGO icon
63
Winnebago Industries
WGO
$898M
$22.2M 0.27%
456,988
-19,286
-4% -$997K
BRK.B icon
64
Berkshire Hathaway Class B
BRK.B
$1.06T
$22.1M 0.27%
+81,126
New +$25.5M
SU icon
65
Suncor Energy
SU
$80B
$22M 0.27%
+626,698
New +$22.8M
PYPL icon
66
PayPal
PYPL
$52.7B
$21.3M 0.26%
+304,436
New +$26.4M
ATO icon
67
Atmos Energy
ATO
$28.2B
$21.2M 0.26%
189,438
+143,335
+311% +$16.4M
LSXMK
68
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$21.2M 0.26%
757,614
+360,932
+91% +$11.4M
OTIS icon
69
Otis Worldwide
OTIS
$27.2B
$21.1M 0.26%
298,000
+248,209
+499% +$18.3M
NXPI icon
70
NXP Semiconductors
NXPI
$56.9B
$20.8M 0.25%
140,299
+88,400
+170% +$15.4M
PCAR icon
71
PACCAR
PCAR
$69B
$20.1M 0.25%
365,856
-102,657
-22% -$5.78M
CDW icon
72
CDW
CDW
$17.2B
$20.1M 0.25%
127,439
+84,592
+197% +$14.2M
MNST icon
73
Monster Beverage
MNST
$93.6B
$19.6M 0.24%
846,836
-108,008
-11% -$2.35M
NVO
74
Novo Nordisk
NVO
$207B
$19.4M 0.24%
348,152
+308,192
+771% +$17.1M
CHTR icon
75
Charter Communications
CHTR
$17.9B
$18.9M 0.23%
40,411
+9,166
+29% +$4.47M
1 2
3
4 5

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Michael Gelband's Q2 2022 Portfolio in Review

As of Q2 2022, Michael Gelband held 2,786 positions worth $8.16B, up 3.1% from $7.91B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Michael Gelband deployed $1.5B of net new capital in Q2 2022, opening 644 new positions and adding to 646 existing holdings. Its largest new stake was Marathon Petroleum: 508,082 shares worth $41.8M.

By sector, the portfolio is most concentrated in Industrials at 14% of assets, up from 13% a quarter earlier, followed by Technology and Utilities.

On the sell side, the largest reduction was AT&T, an estimated $75.8M trimmed.

  • Michael Gelband's largest Q2 2022 buy was Marathon Petroleum: 508,082 shares worth $41.8M.
  • Michael Gelband added most to Entergy in Q2 2022, an estimated $79.1M increase.
  • Michael Gelband's biggest Q2 2022 reduction was AT&T, cutting an estimated $75.8M.
  • Michael Gelband fully exited Linde in Q2 2022, selling an estimated $49.9M.
  • Michael Gelband's ten largest holdings make up 14% of its $8.16B portfolio in Q2 2022.
  • Michael Gelband opened 644 new positions and closed 902 in Q2 2022.
  • Michael Gelband's portfolio value rose 3.1% quarter-over-quarter to $8.16B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2022, filed 22 Aug 2022.