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 |
ExxonMobil
XOM
|
+$52.3M |
| 2 |
Exelon
EXC
|
+$51.9M |
| 3 |
Linde
LIN
|
+$48.3M |
| 4 |
Advanced Micro Devices
AMD
|
+$41.5M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$251M |
| 2 |
Microsoft
MSFT
|
+$235M |
| 3 |
Amazon
AMZN
|
+$226M |
| 4 |
CoStar Group
CSGP
|
+$103M |
| 5 |
AerCap
AER
|
+$82.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.96% |
| 2 | Industrials | 12.92% |
| 3 | Consumer Discretionary | 9.79% |
| 4 | Financials | 9.27% |
| 5 | Energy | 7.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Centene
CNC
$32.4B
| $1.07M | 0.01% |
+12,736
| New | +$1.04M |
|
1102
Teladoc Health
TDOC
$1.13B
| $1.07M | 0.01% |
14,857
+429
| +3% | +$30.9K |
|
1103
Cohen & Steers
CNS
$4.28B
| $1.07M | 0.01% |
12,452
+7,635
| +159% | +$632K |
|
|
MTVC.U
1104
DELISTED
Motive Capital Corp II Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
MTVC.U
| $1.07M | 0.01% |
104,802
| – | – |
|
1105
Fox Class B
FOX
$25.8B
| $1.07M | 0.01% |
29,444
-33,148
| -53% | -$1.23M |
|
1106
Photronics
PLAB
$1.74B
| $1.07M | 0.01% |
62,842
+17,201
| +38% | +$310K |
|
1107
Clean Energy Fuels
CLNE
$351M
| $1.06M | 0.01% |
+134,166
| New | +$904K |
|
1108
Logitech
LOGI
$13.9B
| $1.06M | 0.01% |
14,420
+10,220
| +243% | +$792K |
|
1109
Albemarle
ALB
$16.7B
| $1.06M | 0.01% |
4,802
-49,653
| -91% | -$10.5M |
|
|
ONL
1110
Orion Office REIT
ONL
$166M
| $1.06M | 0.01% |
+75,864
| New | +$1.28M |
|
1111
Vermilion Energy
VET
$1.92B
| $1.06M | 0.01% |
+50,416
| New | +$895K |
|
1112
nCino
NCNO
$2.3B
| $1.06M | 0.01% |
+25,789
| New | +$1.18M |
|
1113
PCB Bancorp
PCB
$388M
| $1.06M | 0.01% |
+46,065
| New | +$1.07M |
|
1114
Hudbay
HBM
$13.1B
| $1.05M | 0.01% |
134,203
+100,680
| +300% | +$782K |
|
|
ML
1115
DELISTED
MoneyLion Inc.
ML
| $1.05M | 0.01% |
13,973
+7,858
| +129% | +$613K |
|
|
CNR
1116
Core Natural Resources Inc
CNR
$4.78B
| $1.04M | 0.01% |
27,744
+8,510
| +44% | +$247K |
|
|
NUVA
1117
DELISTED
NuVasive, Inc.
NUVA
| $1.04M | 0.01% |
+18,401
| New | +$977K |
|
1118
UGI
UGI
$8.19B
| $1.04M | 0.01% |
28,707
+9,261
| +48% | +$370K |
|
|
SBOW
1119
DELISTED
SilverBow Resources, Inc.
SBOW
| $1.04M | 0.01% |
32,502
+22,610
| +229% | +$580K |
|
1120
CoreCivic
CXW
$3.35B
| $1.04M | 0.01% |
93,000
+45,454
| +96% | +$445K |
|
1121
Darling Ingredients
DAR
$9.83B
| $1.04M | 0.01% |
12,915
-24,560
| -66% | -$1.71M |
|
|
ARGO
1122
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.04M | 0.01% |
+25,150
| New | +$1.21M |
|
1123
Liberty Energy
LBRT
$3.02B
| $1.04M | 0.01% |
+70,000
| New | +$896K |
|
|
GOOD
1124
Gladstone Commercial Corp
GOOD
$638M
| $1.03M | 0.01% |
46,957
+31,198
| +198% | +$701K |
|
1125
Madison Square Garden
MSGS
$9.69B
| $1.03M | 0.01% |
+5,753
| New | +$980K |
|
Similar funds
Michael Gelband's Q1 2022 Portfolio in Review
As of Q1 2022, Michael Gelband held 2,902 positions worth $7.91B, down 18% from $9.67B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Michael Gelband withdrew a net $1.37B in Q1 2022, closing 758 positions and reducing 576 holdings. Its most notable exit was CoStar Group, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Michael Gelband opened a new position in Linde worth $49.9M.
- Michael Gelband's largest Q1 2022 buy was Linde: 156,289 shares worth $49.9M.
- Michael Gelband added most to ExxonMobil in Q1 2022, an estimated $52.3M increase.
- Michael Gelband's biggest Q1 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $251M.
- Michael Gelband fully exited CoStar Group in Q1 2022, selling an estimated $103M.
- Michael Gelband's ten largest holdings make up 11% of its $7.91B portfolio in Q1 2022.
- Michael Gelband opened 788 new positions and closed 758 in Q1 2022.
- Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.91B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2022, filed 13 May 2022.