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 |
VMW
VMware, Inc
VMW
|
+$90M |
| 2 |
ExxonMobil
XOM
|
+$88.4M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$87.3M |
| 4 |
NiSource
NI
|
+$81.2M |
| 5 |
CMS Energy
CMS
|
+$70.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$356M |
| 2 |
Duke Energy
DUK
|
+$72.3M |
| 3 |
Pinnacle West Capital
PNW
|
+$61M |
| 4 |
Occidental Petroleum
OXY
|
+$59.8M |
| 5 |
MRO
Marathon Oil Corporation
MRO
|
+$58.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.65% |
| 2 | Technology | 10.24% |
| 3 | Utilities | 9.2% |
| 4 | Industrials | 8.85% |
| 5 | Energy | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Westamerica Bancorp
WABC
$1.35B
| $1.11M | 0.01% |
25,734
-10,589
| -29% | -$473K |
|
|
LADR
927
Ladder Capital
LADR
$1.27B
| $1.11M | 0.01% |
108,177
-26,419
| -20% | -$286K |
|
928
Vicor
VICR
$8.76B
| $1.11M | 0.01% |
18,852
-23,129
| -55% | -$1.53M |
|
929
M/I Homes
MHO
$3.84B
| $1.11M | 0.01% |
+13,175
| New | +$1.22M |
|
930
Titan Machinery
TITN
$444M
| $1.1M | 0.01% |
+41,554
| New | +$1.23M |
|
931
Wynn Resorts
WYNN
$10.2B
| $1.1M | 0.01% |
11,961
+9,564
| +399% | +$959K |
|
932
Genworth Financial
GNW
$3.74B
| $1.1M | 0.01% |
188,111
+116,467
| +163% | +$672K |
|
|
AGNT
933
AGNT Inc
AGNT
$760M
| $1.1M | 0.01% |
+67,461
| New | +$1.39M |
|
934
National Beverage
FIZZ
$3.1B
| $1.1M | 0.01% |
+23,316
| New | +$1.18M |
|
935
Home BancShares
HOMB
$6.01B
| $1.09M | 0.01% |
52,284
+17,620
| +51% | +$401K |
|
936
Robinhood
HOOD
$93.2B
| $1.09M | 0.01% |
+111,451
| New | +$1.24M |
|
937
Trustmark
TRMK
$2.7B
| $1.09M | 0.01% |
50,254
+16,147
| +47% | +$375K |
|
938
Walker & Dunlop
WD
$1.36B
| $1.09M | 0.01% |
+14,693
| New | +$1.24M |
|
939
Grand Canyon Education
LOPE
$3.85B
| $1.09M | 0.01% |
9,314
-17,975
| -66% | -$2M |
|
|
BNY
940
Bank of New York Mellon
BNY
$110B
| $1.09M | 0.01% |
+25,507
| New | +$1.14M |
|
941
City Holding Co
CHCO
$2.04B
| $1.09M | 0.01% |
+12,032
| New | +$1.12M |
|
942
Harley-Davidson
HOG
$2.94B
| $1.08M | 0.01% |
32,686
-144,751
| -82% | -$5.04M |
|
943
Frontier Group Holdings
ULCC
$1.33B
| $1.08M | 0.01% |
+222,866
| New | +$1.67M |
|
944
Ashland
ASH
$3.38B
| $1.07M | 0.01% |
+13,084
| New | +$1.13M |
|
945
Utz Brands
UTZ
$1.26B
| $1.06M | 0.01% |
+79,252
| New | +$1.22M |
|
|
AMK
946
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $1.06M | 0.01% |
42,410
+31,458
| +287% | +$895K |
|
947
Lindsay Corp
LNN
$1.18B
| $1.06M | 0.01% |
9,030
+2,993
| +50% | +$370K |
|
|
GES
948
DELISTED
Guess Inc
GES
| $1.06M | 0.01% |
+48,999
| New | +$1.04M |
|
949
Watts Water Technologies
WTS
$12.4B
| $1.05M | 0.01% |
6,078
-7,388
| -55% | -$1.35M |
|
950
HF Sinclair
DINO
$16.9B
| $1.05M | 0.01% |
18,406
+11,945
| +185% | +$649K |
|
Similar funds
Michael Gelband's Q3 2023 Portfolio in Review
As of Q3 2023, Michael Gelband held 2,289 positions worth $10.5B, down 15% from $12.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Michael Gelband withdrew a net $1.43B in Q3 2023, closing 654 positions and reducing 594 holdings. Its most notable exit was Pinnacle West Capital, an estimated $61M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 9.1% a quarter earlier, followed by Technology and Utilities.
Against the trend, Michael Gelband opened a new position in ExxonMobil worth $94.8M.
- Michael Gelband's largest Q3 2023 buy was ExxonMobil: 806,107 shares worth $94.8M.
- Michael Gelband added most to VMware, Inc in Q3 2023, an estimated $90M increase.
- Michael Gelband's biggest Q3 2023 reduction was Global Payments, cutting an estimated $356M.
- Michael Gelband fully exited Pinnacle West Capital in Q3 2023, selling an estimated $61M.
- Michael Gelband's ten largest holdings make up 23% of its $10.5B portfolio in Q3 2023.
- Michael Gelband opened 494 new positions and closed 654 in Q3 2023.
- Michael Gelband's portfolio value fell 15% quarter-over-quarter to $10.5B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.