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 | |
|---|---|---|---|---|---|---|
1226
PTC Therapeutics
PTCT
$6.02B
| $526K | 0.01% |
23,483
-41,599
| -64% | -$1.55M |
|
1227
Garrett Motion
GTX
$4.89B
| $525K | 0.01% |
+66,628
| New | +$513K |
|
1228
Yext
YEXT
$655M
| $525K | 0.01% |
82,929
+55,137
| +198% | +$471K |
|
1229
Goosehead Insurance
GSHD
$2.56B
| $524K | 0.01% |
+7,036
| New | +$472K |
|
1230
Methanex
MEOH
$4.46B
| $522K | 0.01% |
+11,585
| New | +$496K |
|
|
EFOR
1231
Everforth Inc
EFOR
$1.3B
| $520K | 0.01% |
6,365
-41,951
| -87% | -$3.34M |
|
1232
BlackLine
BL
$1.81B
| $519K | 0.01% |
9,354
-24,392
| -72% | -$1.34M |
|
1233
TETRA Technologies
TTI
$1.02B
| $517K | ﹤0.01% |
+81,033
| New | +$417K |
|
1234
Dycom Industries
DY
$11.3B
| $512K | ﹤0.01% |
5,748
-148,771
| -96% | -$14.8M |
|
1235
Aemetis
AMTX
$137M
| $510K | ﹤0.01% |
+122,798
| New | +$751K |
|
1236
Children's Place
PLCE
$56.7M
| $509K | ﹤0.01% |
+18,823
| New | +$510K |
|
|
INN
1237
Summit Hotel Properties
INN
$667M
| $505K | ﹤0.01% |
87,068
-133,297
| -60% | -$796K |
|
1238
DigitalBridge
DBRG
$2.95B
| $504K | ﹤0.01% |
28,682
+3,432
| +14% | +$56.7K |
|
|
SHYF
1239
DELISTED
The Shyft Group
SHYF
| $504K | ﹤0.01% |
33,680
-63,529
| -65% | -$1.07M |
|
1240
Hackett Group
HCKT
$278M
| $503K | ﹤0.01% |
+21,338
| New | +$497K |
|
1241
International Money Express
IMXI
$428M
| $503K | ﹤0.01% |
29,699
-10,676
| -26% | -$215K |
|
1242
Tootsie Roll Industries
TR
$3.11B
| $500K | ﹤0.01% |
18,294
+4,127
| +29% | +$124K |
|
1243
Alamo Group
ALG
$1.98B
| $499K | ﹤0.01% |
2,888
-2,890
| -50% | -$518K |
|
1244
XPO
XPO
$22.6B
| $499K | ﹤0.01% |
6,686
-15,574
| -70% | -$1.07M |
|
1245
Synchrony
SYF
$26B
| $498K | ﹤0.01% |
16,296
+469
| +3% | +$15.6K |
|
1246
Camping World
CWH
$655M
| $497K | ﹤0.01% |
+24,361
| New | +$642K |
|
1247
Innovative Industrial Properties
IIPR
$1.56B
| $496K | ﹤0.01% |
6,555
-306
| -4% | -$24.5K |
|
|
NREF
1248
NexPoint Real Estate Finance
NREF
$328M
| $494K | ﹤0.01% |
30,166
+2,935
| +11% | +$48.6K |
|
1249
Pultegroup
PHM
$24.6B
| $494K | ﹤0.01% |
6,670
-15,308
| -70% | -$1.22M |
|
|
PFC
1250
DELISTED
Premier Financial Corp. Common Stock
PFC
| $491K | ﹤0.01% |
+28,783
| New | +$541K |
|
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.