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 | |
|---|---|---|---|---|---|---|
|
FWAC
1076
DELISTED
Fifth Wall Acquisition Corp. III Class A Ordinary Shares
FWAC
| $994K | 0.01% |
100,000
| – | – |
|
1077
Ingersoll Rand
IR
$31B
| $992K | 0.01% |
16,031
-254,764
| -94% | -$14.5M |
|
1078
Vicor
VICR
$8.76B
| $992K | 0.01% |
+7,814
| New | +$1.11M |
|
1079
SEI Investments
SEIC
$13.3B
| $989K | 0.01% |
16,234
-35,541
| -69% | -$2.2M |
|
1080
Array Technologies
ARRY
$704M
| $986K | 0.01% |
+62,826
| New | +$1.23M |
|
|
TTSH
1081
DELISTED
Tile Shop Holdings
TTSH
| $986K | 0.01% |
+138,346
| New | +$1.07M |
|
|
OKLO
1082
Oklo
OKLO
$7.38B
| $985K | 0.01% |
100,000
| – | – |
|
|
EXAS
1083
DELISTED
Exact Sciences
EXAS
| $984K | 0.01% |
+12,639
| New | +$1.12M |
|
|
KRA
1084
DELISTED
Kraton Corporation
KRA
| $979K | 0.01% |
21,145
+16,368
| +343% | +$751K |
|
1085
Alnylam Pharmaceuticals
ALNY
$31.6B
| $974K | 0.01% |
+5,745
| New | +$1.07M |
|
1086
Commerce Bancshares
CBSH
$8.41B
| $973K | 0.01% |
17,201
-30,011
| -64% | -$1.69M |
|
1087
Payoneer
PAYO
$2.41B
| $971K | 0.01% |
+132,150
| New | +$1.02M |
|
1088
Global Industrial
GIC
$1.51B
| $969K | 0.01% |
23,682
+10,656
| +82% | +$437K |
|
|
LPRO
1089
DELISTED
Open Lending Corp
LPRO
| $968K | 0.01% |
43,068
+32,261
| +299% | +$914K |
|
1090
Tapestry
TPR
$26.4B
| $967K | 0.01% |
23,813
-21,313
| -47% | -$876K |
|
|
SCPL
1091
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $967K | 0.01% |
+70,197
| New | +$1.26M |
|
1092
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $963K | 0.01% |
9,100
-247,978
| -96% | -$25.8M |
|
1093
Rigel Pharmaceuticals
RIGL
$843M
| $960K | 0.01% |
36,227
+33,717
| +1,343% | +$1.02M |
|
1094
Kodak
KODK
$948M
| $957K | 0.01% |
204,502
+155,575
| +318% | +$977K |
|
1095
Mercury Systems
MRCY
$5.38B
| $957K | 0.01% |
17,388
+4,277
| +33% | +$217K |
|
1096
Farmers & Merchants Bancorp
FMAO
$468M
| $956K | 0.01% |
+29,105
| New | +$794K |
|
1097
The Bancorp
TBBK
$2.72B
| $956K | 0.01% |
37,762
+13,890
| +58% | +$400K |
|
1098
Mission Produce
AVO
$1.16B
| $953K | 0.01% |
+60,684
| New | +$1.13M |
|
1099
Columbia Financial
CLBK
$1.23B
| $953K | 0.01% |
45,698
-42,849
| -48% | -$831K |
|
1100
Camping World
CWH
$663M
| $953K | 0.01% |
23,596
-4,352
| -16% | -$176K |
|
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.