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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
+4.49%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$12.3B
AUM Growth
+$227M
Cap. Flow
-$346M
Cap. Flow %
-2.81%
Top 10 Hldgs %
24.75%
Holding
2,377
New
669
Increased
496
Reduced
623
Closed
582

Top Buys

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$308M
2
PXD
Pioneer Natural Resource Co.
PXD
+$76.7M
3
AMH icon
American Homes 4 Rent
AMH
+$69.4M
4
EQIX icon
Equinix
EQIX
+$51.2M
5
COLD icon
Americold
COLD
+$48.4M

Top Sells

Rank Stock Value
1
NI icon
NiSource
NI
+$77.7M
2
LIN icon
Linde
LIN
+$71M
3
DTE icon
DTE Energy
DTE
+$57.1M
4
FCX icon
Freeport-McMoran
FCX
+$51.7M
5
FDX icon
FedEx
FDX
+$44.9M

Sector Composition

Rank Sector Weight
1 Industrials 11.05%
2 Technology 9.71%
3 Healthcare 9.12%
4 Real Estate 6.85%
5 Utilities 6.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNN icon
926
Smith & Nephew
SNN
$12.2B
$1.5M 0.01%
46,627
+5,049
+12% +$156K
PLTK icon
927
Playtika
PLTK
$915M
$1.5M 0.01%
+129,591
New +$1.4M
SD icon
928
SandRidge Energy
SD
$515M
$1.5M 0.01%
98,233
+55,973
+132% +$822K
EFSC icon
929
Enterprise Financial Services Corp
EFSC
$2.3B
$1.5M 0.01%
+38,236
New +$1.58M
GLPI icon
930
Gaming and Leisure Properties
GLPI
$12.7B
$1.5M 0.01%
30,854
-105,187
-77% -$5.24M
ZWS icon
931
Zurn Elkay Water Solutions
ZWS
$8.06B
$1.5M 0.01%
55,598
-185,088
-77% -$4.21M
CMCSA icon
932
Comcast
CMCSA
$96B
$1.49M 0.01%
35,956
-160,668
-82% -$6.38M
MLCO icon
933
Melco Resorts & Entertainment
MLCO
$2.06B
$1.49M 0.01%
122,233
-332,624
-73% -$4.11M
PLXS icon
934
Plexus
PLXS
$6.36B
$1.49M 0.01%
15,165
-33,947
-69% -$3.11M
KRC icon
935
Kilroy Realty
KRC
$4.29B
$1.49M 0.01%
+49,400
New +$1.44M
SVV icon
936
Savers
SVV
$1.63B
$1.48M 0.01%
+62,400
New +$1.45M
EOLS icon
937
Evolus
EOLS
$583M
$1.48M 0.01%
203,283
-266,765
-57% -$2.3M
CIEN icon
938
Ciena
CIEN
$53.9B
$1.47M 0.01%
34,701
-116,619
-77% -$5.31M
VC icon
939
Visteon
VC
$2.74B
$1.47M 0.01%
+10,255
New +$1.46M
UHAL.B icon
940
U-Haul Holding Co Series N
UHAL.B
$12B
$1.47M 0.01%
+28,925
New +$1.51M
LADR
941
Ladder Capital
LADR
$1.26B
$1.46M 0.01%
+134,596
New +$1.3M
MKSI icon
942
MKS Inc
MKSI
$18.1B
$1.46M 0.01%
+13,458
New +$1.23M
DLTR icon
943
Dollar Tree
DLTR
$25.5B
$1.45M 0.01%
10,101
-16,298
-62% -$2.4M
MATX icon
944
Matsons
MATX
$6.67B
$1.45M 0.01%
+18,639
New +$1.28M
NEWR
945
DELISTED
New Relic, Inc.
NEWR
$1.45M 0.01%
22,097
-165,970
-88% -$12M
PLYA
946
DELISTED
Playa Hotels & Resorts
PLYA
$1.45M 0.01%
177,531
+100,945
+132% +$916K
LUCK
947
Lucky Strike Entertainment
LUCK
$904M
$1.44M 0.01%
+124,037
New +$1.65M
PRLB icon
948
Protolabs
PRLB
$1.84B
$1.44M 0.01%
41,283
+30,582
+286% +$974K
AZN icon
949
AstraZeneca
AZN
$262B
$1.44M 0.01%
10,070
-101,393
-91% -$14.9M
SCCO icon
950
Southern Copper
SCCO
$182B
$1.44M 0.01%
+21,880
New +$1.48M
36 37
38
39 40

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Michael Gelband's Q2 2023 Portfolio in Review

As of Q2 2023, Michael Gelband held 2,377 positions worth $12.3B, up 1.9% from $12.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Michael Gelband's Q2 2023 filing shows 669 new, 496 increased, 623 reduced and 582 closed positions. Its largest new stake was Pioneer Natural Resource Co.: 364,360 shares worth $75.5M. The largest sale was NiSource, an estimated $77.7M.

By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 11% a quarter earlier, followed by Technology and Healthcare.

  • Michael Gelband's largest Q2 2023 buy was Pioneer Natural Resource Co.: 364,360 shares worth $75.5M.
  • Michael Gelband added most to Global Payments in Q2 2023, an estimated $308M increase.
  • Michael Gelband's biggest Q2 2023 reduction was NiSource, cutting an estimated $77.7M.
  • Michael Gelband fully exited L3Harris in Q2 2023, selling an estimated $44.7M.
  • Michael Gelband's ten largest holdings make up 25% of its $12.3B portfolio in Q2 2023.
  • Michael Gelband opened 669 new positions and closed 582 in Q2 2023.
  • Michael Gelband's portfolio value rose 1.9% quarter-over-quarter to $12.3B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.