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 |
ExxonMobil
XOM
|
+$52.3M |
| 2 |
Exelon
EXC
|
+$51.9M |
| 3 |
Linde
LIN
|
+$48.3M |
| 4 |
Advanced Micro Devices
AMD
|
+$41.5M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$251M |
| 2 |
Microsoft
MSFT
|
+$235M |
| 3 |
Amazon
AMZN
|
+$226M |
| 4 |
CoStar Group
CSGP
|
+$103M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
876
Kulicke & Soffa
KLIC
$4.43B
| $1.66M | 0.02% |
29,699
+13,176
| +80% | +$727K |
|
|
STEL
877
DELISTED
Stellar Bancorp
STEL
| $1.66M | 0.02% |
+53,610
| New | +$1.63M |
|
878
Globe Life
GL
$13.4B
| $1.66M | 0.02% |
16,469
+12,801
| +349% | +$1.3M |
|
879
Children's Place
PLCE
$60.5M
| $1.66M | 0.02% |
33,618
+20,017
| +147% | +$1.27M |
|
880
Viatris
VTRS
$18.8B
| $1.65M | 0.02% |
151,566
+77,608
| +105% | +$1.02M |
|
881
Immunovant
IMVT
$9B
| $1.64M | 0.02% |
298,070
+97,026
| +48% | +$604K |
|
|
FBC
882
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.64M | 0.02% |
38,718
-21,455
| -36% | -$988K |
|
883
Watts Water Technologies
WTS
$12.5B
| $1.64M | 0.02% |
11,751
+10,716
| +1,035% | +$1.68M |
|
884
Holley
HLLY
$366M
| $1.63M | 0.02% |
117,397
+70,670
| +151% | +$906K |
|
885
BioMarin Pharmaceuticals
BMRN
$12.6B
| $1.63M | 0.02% |
21,129
-19,648
| -48% | -$1.64M |
|
|
ARCH
886
DELISTED
Arch Resources, Inc.
ARCH
| $1.62M | 0.02% |
11,800
-7,709
| -40% | -$913K |
|
|
887
State Street SPDR S&P 500 ETF Trust
SPY
$820B
| $1.62M | 0.02% |
3,584
-563,378
| -99% | -$251M |
|
888
JFrog
FROG
$11.2B
| $1.62M | 0.02% |
59,949
+16,526
| +38% | +$418K |
|
|
RAD
889
DELISTED
Rite Aid Corporation
RAD
| $1.61M | 0.02% |
184,382
+123,298
| +202% | +$1.29M |
|
890
Workhorse Group
WKHS
$34.5M
| $1.61M | 0.02% |
+107
| New | +$1.18M |
|
891
Diodes
DIOD
$4.15B
| $1.6M | 0.02% |
18,428
+10,330
| +128% | +$941K |
|
|
CLR
892
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $1.6M | 0.02% |
26,133
-113,724
| -81% | -$6.31M |
|
893
California Water Service
CWT
$3.13B
| $1.6M | 0.02% |
26,965
+18,546
| +220% | +$1.12M |
|
894
Turning Point Brands
TPB
$1.7B
| $1.59M | 0.02% |
46,857
+33,169
| +242% | +$1.12M |
|
895
Post Holdings
POST
$3.77B
| $1.59M | 0.02% |
+22,985
| New | +$1.61M |
|
|
EQRX
896
DELISTED
EQRx, Inc. Common Stock
EQRX
| $1.58M | 0.02% |
382,721
+327,201
| +589% | +$1.42M |
|
|
LBRDK
897
DELISTED
Liberty Broadband Class C
LBRDK
| $1.58M | 0.02% |
11,651
+5,883
| +102% | +$857K |
|
898
Amplitude
AMPL
$1.66B
| $1.57M | 0.02% |
+85,300
| New | +$2.59M |
|
899
Ring Energy
REI
$373M
| $1.57M | 0.02% |
410,147
+389,442
| +1,881% | +$1.2M |
|
900
T-Mobile US
TMUS
$198B
| $1.56M | 0.02% |
12,187
-15,064
| -55% | -$1.79M |
|
Similar funds
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.