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 | |
|---|---|---|---|---|---|---|
926
EPAM Systems
EPAM
$5.74B
| $1.35M | 0.01% |
2,014
-37,511
| -95% | -$24.1M |
|
927
Clearfield
CLFD
$370M
| $1.34M | 0.01% |
+15,866
| New | +$996K |
|
928
New Fortress Energy
NFE
$78.7M
| $1.34M | 0.01% |
+55,465
| New | +$1.54M |
|
929
Travel + Leisure Co
TNL
$4.48B
| $1.34M | 0.01% |
24,203
+16,500
| +214% | +$882K |
|
930
ACV Auctions
ACVA
$1.27B
| $1.33M | 0.01% |
70,851
+8,534
| +14% | +$168K |
|
931
LiveRamp
RAMP
$2.29B
| $1.33M | 0.01% |
+27,837
| New | +$1.4M |
|
932
Playtika
PLTK
$923M
| $1.33M | 0.01% |
77,032
-17,101
| -18% | -$383K |
|
|
SJI
933
DELISTED
South Jersey Industries, Inc.
SJI
| $1.33M | 0.01% |
50,943
-44,044
| -46% | -$1.05M |
|
934
Cisco
CSCO
$434B
| $1.33M | 0.01% |
20,987
-213,814
| -91% | -$12.2M |
|
935
International Bancshares
IBOC
$4.45B
| $1.33M | 0.01% |
31,375
+11,064
| +54% | +$475K |
|
936
Teladoc Health
TDOC
$1.13B
| $1.32M | 0.01% |
+14,428
| New | +$1.72M |
|
|
ECHO
937
EchoStar
ECHO
$24.8B
| $1.32M | 0.01% |
50,244
-16,447
| -25% | -$434K |
|
938
HealthEquity
HQY
$8.81B
| $1.32M | 0.01% |
29,899
+25,909
| +649% | +$1.51M |
|
939
RLI Corp
RLI
$6.11B
| $1.32M | 0.01% |
23,526
+4,740
| +25% | +$257K |
|
940
Meritage Homes
MTH
$4.73B
| $1.31M | 0.01% |
21,454
-16,942
| -44% | -$946K |
|
941
Huntington Bancshares
HBAN
$34.4B
| $1.31M | 0.01% |
+84,853
| New | +$1.34M |
|
942
SFL Corp
SFL
$1.63B
| $1.31M | 0.01% |
160,544
-122,916
| -43% | -$1.02M |
|
943
Atlantic Union Bankshares
AUB
$5.84B
| $1.29M | 0.01% |
34,596
-61,014
| -64% | -$2.22M |
|
944
JFrog
FROG
$11.1B
| $1.29M | 0.01% |
43,423
+16,229
| +60% | +$535K |
|
|
STFC
945
DELISTED
State Auto Financial Corp
STFC
| $1.28M | 0.01% |
24,759
+5,273
| +27% | +$271K |
|
946
CF Industries
CF
$19.6B
| $1.28M | 0.01% |
18,057
-388,114
| -96% | -$24.3M |
|
947
Aecom
ACM
$8.36B
| $1.28M | 0.01% |
16,506
-2,360
| -13% | -$166K |
|
948
Huron Consulting
HURN
$2.59B
| $1.27M | 0.01% |
25,433
+6,335
| +33% | +$316K |
|
949
Starwood Property Trust
STWD
$6.03B
| $1.26M | 0.01% |
52,024
-2,679
| -5% | -$67.6K |
|
950
Radian Group
RDN
$4.86B
| $1.26M | 0.01% |
+59,756
| New | +$1.32M |
|
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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.