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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
(-6.2%)
Cap. Flow
-$45.2M
Cap. Flow
% of AUM
-0.59%
Top 10 Holdings %
Top 10 Hldgs %
9.65%
Holding
2,519
New
638
Increased
627
Reduced
557
Closed
688
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$54.2M |
| 2 |
CMS Energy
CMS
|
+$51.9M |
| 3 |
NiSource
NI
|
+$38.4M |
| 4 |
Nexstar Media Group
NXST
|
+$36.3M |
| 5 |
Exelon
EXC
|
+$35.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Entergy
ETR
|
+$71.2M |
| 2 |
FedEx
FDX
|
+$57.3M |
| 3 |
Carlisle Companies
CSL
|
+$48.6M |
| 4 |
Blackstone
BX
|
+$42.7M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1426
Santander
BSBR
$43.1B
| $419K | 0.01% |
74,220
+30,433
| +70% | +$171K |
|
1427
Evercore
EVR
$11.1B
| $419K | 0.01% |
5,096
-37,844
| -88% | -$3.58M |
|
|
ARGO
1428
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $418K | 0.01% |
+21,720
| New | +$569K |
|
1429
Acadia Healthcare
ACHC
$2.69B
| $417K | 0.01% |
5,340
-17,794
| -77% | -$1.42M |
|
1430
Rigel Pharmaceuticals
RIGL
$861M
| $417K | 0.01% |
+35,324
| New | +$478K |
|
1431
DexCom
DXCM
$34.1B
| $416K | 0.01% |
5,167
-126,785
| -96% | -$10.7M |
|
1432
Four Corners Property Trust
FCPT
$2.79B
| $416K | 0.01% |
+17,180
| New | +$472K |
|
1433
SL Green Realty
SLG
$4.16B
| $416K | 0.01% |
10,347
-29,697
| -74% | -$1.38M |
|
1434
ZipRecruiter
ZIP
$353M
| $416K | 0.01% |
25,187
-135,552
| -84% | -$2.36M |
|
1435
Gulfport Energy Corp
GPOR
$3.05B
| $415K | 0.01% |
4,701
-4,756
| -50% | -$425K |
|
|
VTYX
1436
DELISTED
Ventyx Biosciences
VTYX
| $414K | 0.01% |
+11,867
| New | +$263K |
|
1437
Arrow Electronics
ARW
$10.3B
| $411K | 0.01% |
4,456
-11,964
| -73% | -$1.31M |
|
|
BBBY
1438
DELISTED
Bed Bath & Beyond Inc
BBBY
| $411K | 0.01% |
+67,515
| New | +$550K |
|
1439
TORM
TRMD
$3.23B
| $407K | 0.01% |
20,066
-14,984
| -43% | -$269K |
|
|
VRTV
1440
DELISTED
VERITIV CORPORATION
VRTV
| $400K | 0.01% |
+4,092
| New | +$486K |
|
|
ADAP
1441
DELISTED
Adaptimmune Therapeutics
ADAP
| $398K | 0.01% |
370,288
+70,288
| +23% | +$129K |
|
1442
PMV Pharmaceuticals
PMVP
$69.5M
| $396K | 0.01% |
+33,255
| New | +$480K |
|
|
SPNE
1443
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $395K | 0.01% |
69,523
+48,555
| +232% | +$308K |
|
1444
Liberty Latin America Class C
LILAK
$1.66B
| $393K | 0.01% |
+70,206
| New | +$452K |
|
1445
MaxLinear
MXL
$5.96B
| $393K | 0.01% |
12,046
-79,115
| -87% | -$2.93M |
|
1446
Gevo
GEVO
$418M
| $392K | 0.01% |
+171,968
| New | +$480K |
|
|
PLL
1447
DELISTED
Piedmont Lithium
PLL
| $392K | 0.01% |
7,322
-9,495
| -56% | -$489K |
|
1448
InterDigital
IDCC
$8.84B
| $390K | 0.01% |
9,660
-19,940
| -67% | -$1.08M |
|
|
MCW
1449
DELISTED
Mister Car Wash
MCW
| $390K | 0.01% |
+45,507
| New | +$489K |
|
|
CPE
1450
DELISTED
Callon Petroleum Company
CPE
| $389K | 0.01% |
+11,103
| New | +$443K |
|
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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.