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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
AQN icon
1476
Algonquin Power & Utilities
AQN
$4.38B
$240K ﹤0.01%
40,501
-20,867
-34% -$157K
CNX icon
1477
CNX Resources
CNX
$5.4B
$240K ﹤0.01%
10,609
-233,549
-96% -$4.84M
ERAS icon
1478
Erasca
ERAS
$6.16B
$238K ﹤0.01%
120,892
+34,406
+40% +$88.1K
BBT
1479
Beacon Financial Corp
BBT
$2.65B
$236K ﹤0.01%
+11,748
New +$252K
AIT icon
1480
Applied Industrial Technologies
AIT
$12.4B
$235K ﹤0.01%
1,520
-19,598
-93% -$2.94M
PMVP icon
1481
PMV Pharmaceuticals
PMVP
$69.5M
$235K ﹤0.01%
+38,238
New +$263K
UHAL.B icon
1482
U-Haul Holding Co Series N
UHAL.B
$12.2B
$235K ﹤0.01%
4,487
-24,438
-84% -$1.33M
KTB icon
1483
Kontoor Brands
KTB
$4.55B
$233K ﹤0.01%
5,300
-20,894
-80% -$915K
AIV
1484
Aimco
AIV
$378M
$232K ﹤0.01%
34,093
-47,336
-58% -$377K
FBRT
1485
Franklin BSP Realty Trust
FBRT
$701M
$231K ﹤0.01%
+17,410
New +$242K
APPS icon
1486
Digital Turbine
APPS
$1.3B
$230K ﹤0.01%
37,994
-21,486
-36% -$191K
MSBI icon
1487
Midland States Bancorp
MSBI
$681M
$230K ﹤0.01%
+11,184
New +$246K
CRS icon
1488
Carpenter Technology
CRS
$23.6B
$229K ﹤0.01%
3,410
-21,573
-86% -$1.31M
JBTM
1489
JBT Marel
JBTM
$5.97B
$227K ﹤0.01%
2,156
+119
+6% +$13.3K
CVBF icon
1490
CVB Financial
CVBF
$3.95B
$226K ﹤0.01%
+13,635
New +$231K
AMPH icon
1491
Amphastar Pharmaceuticals
AMPH
$915M
$225K ﹤0.01%
4,886
-14,495
-75% -$791K
PLUG icon
1492
Plug Power
PLUG
$3.03B
$224K ﹤0.01%
29,516
-750
-2% -$7.33K
FTRE icon
1493
Fortrea Holdings
FTRE
$1.74B
$223K ﹤0.01%
+7,795
New +$231K
INSE icon
1494
Inspired Entertainment
INSE
$159M
$223K ﹤0.01%
+18,619
New +$238K
CERT icon
1495
Certara
CERT
$1.21B
$222K ﹤0.01%
15,257
-28,247
-65% -$475K
PFLT icon
1496
PennantPark Floating Rate Capital
PFLT
$740M
$221K ﹤0.01%
+20,722
New +$224K
FCN icon
1497
FTI Consulting
FCN
$4.29B
$218K ﹤0.01%
1,220
-11,285
-90% -$2.1M
LUNG icon
1498
Pulmonx
LUNG
$97.9M
$218K ﹤0.01%
21,095
+10,406
+97% +$121K
PFSI icon
1499
PennyMac Financial
PFSI
$3.91B
$216K ﹤0.01%
+3,246
New +$233K
SKY icon
1500
Champion Homes
SKY
$4.97B
$216K ﹤0.01%
+3,396
New +$228K
58 59
60
61 62

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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.