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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
-2.36%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.65B
AUM Growth
-$508M
Cap. Flow
-$45.2M
Cap. Flow %
-0.59%
Top 10 Hldgs %
9.65%
Holding
2,519
New
638
Increased
627
Reduced
557
Closed
688

Top Buys

Rank Stock Value
1
EOG icon
EOG Resources
EOG
+$54.2M
2
CMS icon
CMS Energy
CMS
+$51.9M
3
NI icon
NiSource
NI
+$38.4M
4
NXST icon
Nexstar Media Group
NXST
+$36.3M
5
EXC icon
Exelon
EXC
+$35.6M

Top Sells

Rank Stock Value
1
ETR icon
Entergy
ETR
+$71.2M
2
FDX icon
FedEx
FDX
+$57.3M
3
CSL icon
Carlisle Companies
CSL
+$48.6M
4
BX icon
Blackstone
BX
+$42.7M
5
MPC icon
Marathon Petroleum
MPC
+$31.5M

Sector Composition

Rank Sector Weight
1 Industrials 14.49%
2 Technology 12.67%
3 Utilities 9.69%
4 Consumer Discretionary 9.33%
5 Energy 9.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WDAY icon
1076
Workday
WDAY
$49.2B
$1.09M 0.01%
7,136
+2,846
+66% +$445K
AVA icon
1077
Avista
AVA
$3.18B
$1.08M 0.01%
+29,202
New +$1.22M
OSK icon
1078
Oshkosh
OSK
$9.65B
$1.08M 0.01%
+15,394
New +$1.25M
XIFR
1079
XPLR Infrastructure LP
XIFR
$1.06B
$1.08M 0.01%
+14,959
New +$1.2M
AAL icon
1080
American Airlines Group
AAL
$9.02B
$1.08M 0.01%
+89,568
New +$1.25M
SIVB
1081
DELISTED
SVB Financial Group
SIVB
$1.07M 0.01%
3,189
-1,653
-34% -$665K
FORM icon
1082
FormFactor
FORM
$8.43B
$1.07M 0.01%
+42,639
New +$1.38M
MRSN
1083
DELISTED
Mersana Therapeutics
MRSN
$1.06M 0.01%
6,296
+5,275
+517% +$857K
CVCO icon
1084
Cavco Industries
CVCO
$4.48B
$1.06M 0.01%
5,166
-4,127
-44% -$978K
CWST icon
1085
Casella Waste Systems
CWST
$6.03B
$1.06M 0.01%
+13,823
New +$1.11M
MRNA icon
1086
Moderna
MRNA
$55.4B
$1.05M 0.01%
+8,908
New +$1.35M
ZTO icon
1087
ZTO Express
ZTO
$16.2B
$1.05M 0.01%
43,629
-31,113
-42% -$811K
MLM icon
1088
Martin Marietta Materials
MLM
$37.9B
$1.05M 0.01%
+3,252
New +$1.1M
CNX icon
1089
CNX Resources
CNX
$5.4B
$1.05M 0.01%
67,339
-230,976
-77% -$3.91M
MKL icon
1090
Markel Group
MKL
$22.5B
$1.04M 0.01%
959
+799
+499% +$975K
SANM icon
1091
Sanmina
SANM
$9.94B
$1.04M 0.01%
22,503
+12,014
+115% +$560K
PFS icon
1092
Provident Financial Services
PFS
$3.07B
$1.03M 0.01%
53,022
+26,159
+97% +$611K
COTY icon
1093
Coty
COTY
$2.46B
$1.02M 0.01%
162,057
+114,290
+239% +$864K
HCSG icon
1094
Healthcare Services Group
HCSG
$1.56B
$1.01M 0.01%
83,950
+46,167
+122% +$680K
CRS icon
1095
Carpenter Technology
CRS
$23.6B
$1.01M 0.01%
+32,543
New +$1.08M
ESI icon
1096
Element Solutions
ESI
$8.52B
$1.01M 0.01%
62,126
+35,811
+136% +$668K
UGI icon
1097
UGI
UGI
$8.19B
$1.01M 0.01%
+31,228
New +$1.23M
ACGL icon
1098
Arch Capital
ACGL
$34.5B
$1.01M 0.01%
+22,162
New +$1M
SDGR icon
1099
Schrodinger
SDGR
$1.4B
$1.01M 0.01%
40,352
-8,373
-17% -$246K
UFPI icon
1100
UFP Industries
UFPI
$4.92B
$1.01M 0.01%
13,946
+1,565
+13% +$124K
42 43
44
45 46

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Michael Gelband's Q3 2022 Portfolio in Review

As of Q3 2022, Michael Gelband held 2,519 positions worth $7.65B, down 6.2% from $8.16B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.

Michael Gelband's Q3 2022 filing shows 638 new, 627 increased, 557 reduced and 688 closed positions. Its largest new stake was Sun Communities: 212,831 shares worth $28.8M. The largest sale was Entergy, an estimated $71.2M.

By sector, the portfolio is most concentrated in Industrials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Utilities.

  • Michael Gelband's largest Q3 2022 buy was Sun Communities: 212,831 shares worth $28.8M.
  • Michael Gelband added most to EOG Resources in Q3 2022, an estimated $54.2M increase.
  • Michael Gelband's biggest Q3 2022 reduction was Entergy, cutting an estimated $71.2M.
  • Michael Gelband fully exited MACOM Technology Solutions in Q3 2022, selling an estimated $28.2M.
  • Michael Gelband's ten largest holdings make up 9.6% of its $7.65B portfolio in Q3 2022.
  • Michael Gelband opened 638 new positions and closed 688 in Q3 2022.
  • Michael Gelband's portfolio value fell 6.2% quarter-over-quarter to $7.65B.

Based on ExodusPoint Capital Management's 13F filing for Q3 2022, filed 10 Nov 2022.