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 | |
|---|---|---|---|---|---|---|
1376
Dick's Sporting Goods
DKS
$16.1B
| $665K | 0.01% |
6,648
-19,293
| -74% | -$2.12M |
|
|
ALLK
1377
DELISTED
Allakos
ALLK
| $664K | 0.01% |
116,507
+87,424
| +301% | +$565K |
|
|
CMRC
1378
Commerce.com Inc Series 1
CMRC
$186M
| $661K | 0.01% |
30,166
-38,613
| -56% | -$1.04M |
|
1379
Ardagh Metal Packaging
AMBP
$3.18B
| $659K | 0.01% |
+81,112
| New | +$702K |
|
1380
Coherus Oncology
CHRS
$210M
| $658K | 0.01% |
50,968
+30,645
| +151% | +$390K |
|
|
ONT
1381
Onterris Inc
ONT
$538M
| $654K | 0.01% |
+12,352
| New | +$612K |
|
|
HLGN
1382
DELISTED
Heliogen, Inc.
HLGN
| $654K | 0.01% |
+3,550
| New | +$648K |
|
1383
Etsy
ETSY
$7.99B
| $651K | 0.01% |
5,240
-3,322
| -39% | -$494K |
|
1384
Pinduoduo
PDD
$124B
| $650K | 0.01% |
16,197
+10,573
| +188% | +$543K |
|
1385
PAR Technology
PAR
$804M
| $648K | 0.01% |
+16,073
| New | +$659K |
|
|
NXGN
1386
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $647K | 0.01% |
30,925
+1,883
| +6% | +$36.1K |
|
1387
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $646K | 0.01% |
6,299
-167,903
| -96% | -$17.5M |
|
1388
The Joint Corp
JYNT
$119M
| $646K | 0.01% |
+18,265
| New | +$844K |
|
1389
FirstCash
FCFS
$10.3B
| $645K | 0.01% |
9,170
-9,346
| -50% | -$661K |
|
1390
Nabors Industries
NBR
$1.31B
| $645K | 0.01% |
+4,221
| New | +$530K |
|
1391
Marcus Corp
MCS
$953M
| $641K | 0.01% |
36,237
-7,087
| -16% | -$124K |
|
1392
Rigetti Computing
RGTI
$5.46B
| $640K | 0.01% |
+101,515
| New | +$904K |
|
|
ORC
1393
Orchid Island Capital
ORC
$1.34B
| $639K | 0.01% |
39,298
+4,264
| +12% | +$80.4K |
|
|
AY
1394
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $639K | 0.01% |
+18,215
| New | +$610K |
|
1395
On Holding
ONON
$9.86B
| $638K | 0.01% |
25,295
-122,721
| -83% | -$3.27M |
|
1396
The RealReal
REAL
$1.37B
| $633K | 0.01% |
87,125
+31,588
| +57% | +$279K |
|
1397
Sinclair Inc
SBGI
$1.05B
| $633K | 0.01% |
+22,576
| New | +$627K |
|
1398
Schrodinger
SDGR
$1.4B
| $633K | 0.01% |
18,564
+1,753
| +10% | +$53.2K |
|
|
TGAN
1399
DELISTED
Transphorm, Inc. Common Stock
TGAN
| $633K | 0.01% |
+89,499
| New | +$629K |
|
1400
G-III Apparel Group
GIII
$1.43B
| $632K | 0.01% |
23,373
-20,196
| -46% | -$549K |
|
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.