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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
Cap. Flow
-$45.2M
Cap. Flow %
-0.59%
Top 10 Hldgs %
9.65%
Holding
2,519
New
638
Increased
627
Reduced
557
Closed
688

Top Buys

Rank Stock Value
1
EOG icon
EOG Resources
EOG
+$54.2M
2
CMS icon
CMS Energy
CMS
+$51.9M
3
NI icon
NiSource
NI
+$38.4M
4
NXST icon
Nexstar Media Group
NXST
+$36.3M
5
EXC icon
Exelon
EXC
+$35.6M

Top Sells

Rank Stock Value
1
ETR icon
Entergy
ETR
+$71.2M
2
FDX icon
FedEx
FDX
+$57.3M
3
CSL icon
Carlisle Companies
CSL
+$48.6M
4
BX icon
Blackstone
BX
+$42.7M
5
MPC icon
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
CSCO icon
126
Cisco
CSCO
$438B
$14.5M 0.19%
361,735
+244,577
+209% +$10.9M
FR icon
127
First Industrial Realty Trust
FR
$8.34B
$14.4M 0.19%
320,962
+198,052
+161% +$10M
FANG icon
128
Diamondback Energy
FANG
$59B
$14.3M 0.19%
119,091
-136,820
-53% -$17.1M
ADI icon
129
Analog Devices
ADI
$182B
$14.2M 0.19%
101,969
-50,128
-33% -$7.93M
TEAM icon
130
Atlassian
TEAM
$43.5B
$14.1M 0.18%
+67,052
New +$15.7M
QQQ icon
131
Invesco QQQ Trust
QQQ
$486B
$14.1M 0.18%
52,767
+39,312
+292% +$11.9M
GPK icon
132
Graphic Packaging
GPK
$3.54B
$14.1M 0.18%
712,914
+338,720
+91% +$7.43M
PAYX icon
133
Paychex
PAYX
$44.3B
$14M 0.18%
+125,046
New +$15.5M
ASH icon
134
Ashland
ASH
$3.33B
$13.9M 0.18%
146,757
+117,762
+406% +$12M
OGS icon
135
ONE Gas
OGS
$4.95B
$13.9M 0.18%
198,005
+22,080
+13% +$1.78M
WMT icon
136
Walmart Inc
WMT
$825B
$13.6M 0.18%
315,528
+235,161
+293% +$10.3M
USB icon
137
US Bancorp
USB
$96.7B
$13.6M 0.18%
337,849
+176,883
+110% +$8.18M
AMD icon
138
Advanced Micro Devices
AMD
$773B
$13.6M 0.18%
214,535
-138,765
-39% -$11.8M
HOG icon
139
Harley-Davidson
HOG
$2.93B
$13.6M 0.18%
389,338
+277,163
+247% +$10.4M
BIIB icon
140
Biogen
BIIB
$32B
$13.5M 0.18%
50,561
-6,780
-12% -$1.44M
VLO icon
141
Valero Energy
VLO
$100B
$13.5M 0.18%
125,977
-177,907
-59% -$19.6M
PWR icon
142
Quanta Services
PWR
$96.1B
$13.4M 0.17%
104,805
-44,455
-30% -$6.08M
NE icon
143
Noble Corp
NE
$7.39B
$13.3M 0.17%
449,450
+85,756
+24% +$2.53M
COST icon
144
Costco
COST
$420B
$13.2M 0.17%
+28,041
New +$14.6M
MA icon
145
Mastercard
MA
$509B
$13.2M 0.17%
46,254
+26,590
+135% +$8.81M
IRM icon
146
Iron Mountain
IRM
$36.3B
$13.1M 0.17%
298,516
+178,637
+149% +$9.02M
XOM icon
147
ExxonMobil
XOM
$679B
$13.1M 0.17%
149,522
-41,998
-22% -$3.83M
PAG icon
148
PUT
Penske Automotive Group
PAG
$14.2B
$13.1M 0.17%
+132,600
New +$14.8M
DHR icon
149
Danaher
DHR
$154B
$13M 0.17%
56,955
-112,481
-66% -$27.5M
XYL icon
150
Xylem
XYL
$26.5B
$13M 0.17%
+149,269
New +$13.6M
4 5
6
7 8

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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.