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 | |
|---|---|---|---|---|---|---|
751
Sunstone Hotel Investors
SHO
$2.1B
| $2.05M | 0.02% |
174,580
+73,416
| +73% | +$878K |
|
|
BRG
752
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $2.04M | 0.02% |
77,493
+59,167
| +323% | +$939K |
|
753
Corteva
CTVA
$54.6B
| $2.04M | 0.02% |
43,237
+24,142
| +126% | +$1.1M |
|
754
Restaurant Brands International
QSR
$28.2B
| $2.04M | 0.02% |
+33,654
| New | +$1.98M |
|
|
JBGS
755
JBG SMITH
JBGS
$732M
| $2.02M | 0.02% |
+70,519
| New | +$2.07M |
|
|
CBL
756
CBL Properties
CBL
$1.71B
| $2.02M | 0.02% |
+64,634
| New | +$1.95M |
|
757
iShares MSCI South Korea ETF
EWY
$27.7B
| $2.01M | 0.02% |
25,800
-8,900
| -26% | -$704K |
|
758
Columbia Banking Systems
COLB
$8.72B
| $2.01M | 0.02% |
61,306
+55,232
| +909% | +$1.91M |
|
|
LKFT
759
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.89B
| $2M | 0.02% |
36,372
+16,294
| +81% | +$850K |
|
760
Allogene Therapeutics
ALLO
$722M
| $2M | 0.02% |
+134,300
| New | +$2.37M |
|
|
CTLT
761
DELISTED
CATALENT, INC.
CTLT
| $2M | 0.02% |
+15,649
| New | +$2.01M |
|
762
Public Storage
PSA
$60.2B
| $1.99M | 0.02% |
5,323
-3,536
| -40% | -$1.18M |
|
763
QuidelOrtho
QDEL
$1.01B
| $1.99M | 0.02% |
+14,761
| New | +$2.05M |
|
764
Hilton Worldwide
HLT
$73.5B
| $1.99M | 0.02% |
12,763
-87,393
| -87% | -$12.6M |
|
|
NXH
765
Neighborhood Intelligence Inc
NXH
$396M
| $1.99M | 0.02% |
37,019
-10,356
| -22% | -$782K |
|
766
Celestica
CLS
$37.4B
| $1.98M | 0.02% |
178,252
+128,120
| +256% | +$1.33M |
|
767
A10 Networks
ATEN
$1.9B
| $1.97M | 0.02% |
118,873
+65,197
| +121% | +$990K |
|
768
1-800-Flowers.com
FLWS
$254M
| $1.97M | 0.02% |
+84,164
| New | +$2.45M |
|
769
Lam Research
LRCX
$393B
| $1.95M | 0.02% |
+27,170
| New | +$1.7M |
|
770
Vanguard Industrials ETF
VIS
$8.22B
| $1.95M | 0.02% |
+9,585
| New | +$1.92M |
|
771
Amcor
AMCR
$22.5B
| $1.94M | 0.02% |
+32,354
| New | +$1.92M |
|
772
Royal Gold
RGLD
$21.9B
| $1.94M | 0.02% |
+18,467
| New | +$1.86M |
|
773
iShares MSCI Brazil ETF
EWZ
$8.04B
| $1.94M | 0.02% |
69,100
-8,200
| -11% | -$246K |
|
774
KeyCorp
KEY
$23.3B
| $1.94M | 0.02% |
+83,725
| New | +$1.94M |
|
775
XPEL
XPEL
$1.42B
| $1.93M | 0.02% |
28,209
+2,206
| +8% | +$159K |
|
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.