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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
-2.63%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$10.5B
AUM Growth
-$1.83B
Cap. Flow
-$1.43B
Cap. Flow %
-13.63%
Top 10 Hldgs %
22.85%
Holding
2,289
New
494
Increased
544
Reduced
594
Closed
654

Top Buys

Rank Stock Value
1
VMW
VMware, Inc
VMW
+$90M
2
XOM icon
ExxonMobil
XOM
+$88.4M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$87.3M
4
NI icon
NiSource
NI
+$81.2M
5
CMS icon
CMS Energy
CMS
+$70.2M

Top Sells

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$356M
2
DUK icon
Duke Energy
DUK
+$72.3M
3
PNW icon
Pinnacle West Capital
PNW
+$61M
4
OXY icon
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
NABL icon
1301
N-able
NABL
$680M
$414K ﹤0.01%
32,055
+13,834
+76% +$189K
CWK icon
1302
Cushman & Wakefield Ltd
CWK
$3.44B
$412K ﹤0.01%
54,078
-35,924
-40% -$325K
ROIV icon
1303
Roivant Sciences
ROIV
$26.3B
$412K ﹤0.01%
35,315
+1,935
+6% +$21.9K
EDR
1304
DELISTED
Endeavor Group Holdings, Inc.
EDR
$412K ﹤0.01%
20,725
-56,256
-73% -$1.29M
BALL icon
1305
Ball Corp
BALL
$17.1B
$411K ﹤0.01%
8,266
-139,728
-94% -$7.63M
AD
1306
Array Digital Infrastructure
AD
$3.08B
$411K ﹤0.01%
+9,560
New +$310K
NTR icon
1307
Nutrien
NTR
$35.5B
$410K ﹤0.01%
6,643
-55,995
-89% -$3.54M
EXFY icon
1308
Expensify
EXFY
$248M
$408K ﹤0.01%
+125,497
New +$678K
IDT icon
1309
IDT Corp
IDT
$1.7B
$408K ﹤0.01%
18,517
-1,442
-7% -$33.9K
TDAY
1310
USA Today Co
TDAY
$941M
$406K ﹤0.01%
165,630
-21,227
-11% -$58.7K
ALDX icon
1311
Aldeyra Therapeutics
ALDX
$91.7M
$405K ﹤0.01%
+60,649
New +$450K
LCID icon
1312
Lucid Motors
LCID
$2.01B
$404K ﹤0.01%
+7,225
New +$468K
ATEC icon
1313
Alphatec Holdings
ATEC
$1.43B
$403K ﹤0.01%
+31,069
New +$487K
NXST icon
1314
Nexstar Media Group
NXST
$5.74B
$403K ﹤0.01%
2,812
-8,025
-74% -$1.3M
SFIX
1315
Stitch Fix
SFIX
$439M
$402K ﹤0.01%
116,449
+29,690
+34% +$119K
ITT icon
1316
ITT
ITT
$18.3B
$399K ﹤0.01%
4,078
-16,005
-80% -$1.57M
TJX icon
1317
TJX Companies
TJX
$155B
$396K ﹤0.01%
+4,452
New +$392K
CVGI icon
1318
Commercial Vehicle Group
CVGI
$124M
$395K ﹤0.01%
50,916
+36,846
+262% +$347K
RDNT icon
1319
RadNet
RDNT
$5.88B
$395K ﹤0.01%
+14,009
New +$436K
NRIX icon
1320
Nurix Therapeutics
NRIX
$2.73B
$394K ﹤0.01%
50,148
+8,430
+20% +$77K
ORGO icon
1321
Organogenesis Holdings
ORGO
$215M
$393K ﹤0.01%
123,737
-870,887
-88% -$2.77M
VINC
1322
DELISTED
Vincerx Pharma, Inc. Common Stock
VINC
$393K ﹤0.01%
19,476
-1,848
-9% -$35.8K
ARAY icon
1323
Accuray
ARAY
$32.4M
$392K ﹤0.01%
+144,036
New +$475K
OM icon
1324
Outset Medical
OM
$78.8M
$392K ﹤0.01%
2,404
-2,244
-48% -$530K
EYE icon
1325
National Vision
EYE
$1.44B
$391K ﹤0.01%
24,165
-96,721
-80% -$1.94M
51 52
53
54 55

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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.