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 |
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 | |
|---|---|---|---|---|---|---|
1526
Establishment Labs
ESTA
$2.17B
| $298K | ﹤0.01% |
+5,453
| New | +$326K |
|
1527
Uber
UBER
$163B
| $298K | ﹤0.01% |
11,234
-64,458
| -85% | -$1.78M |
|
|
AQUA
1528
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $298K | ﹤0.01% |
+9,006
| New | +$327K |
|
1529
Pegasystems
PEGA
$5.54B
| $297K | ﹤0.01% |
18,478
-41,900
| -69% | -$852K |
|
1530
Gossamer Bio
GOSS
$90.8M
| $294K | ﹤0.01% |
+24,571
| New | +$305K |
|
|
SI
1531
DELISTED
Silvergate Capital Corporation
SI
| $294K | ﹤0.01% |
3,902
-2,272
| -37% | -$193K |
|
1532
TAL Education Group
TAL
$6.38B
| $293K | ﹤0.01% |
+59,405
| New | +$295K |
|
1533
B2Gold
BTG
$7.6B
| $290K | ﹤0.01% |
90,186
+66,026
| +273% | +$218K |
|
1534
Shopify
SHOP
$197B
| $289K | ﹤0.01% |
10,734
-342,906
| -97% | -$11.7M |
|
1535
Vodafone
VOD
$36.8B
| $289K | ﹤0.01% |
25,502
-60,256
| -70% | -$841K |
|
1536
Gaming and Leisure Properties
GLPI
$12.7B
| $288K | ﹤0.01% |
6,510
-563,902
| -99% | -$27.9M |
|
1537
InvenTrust Properties
IVT
$2.56B
| $288K | ﹤0.01% |
+13,482
| New | +$358K |
|
1538
Ionis Pharmaceuticals
IONS
$10.5B
| $284K | ﹤0.01% |
6,417
-31,173
| -83% | -$1.31M |
|
1539
Royalty Pharma
RPRX
$27.5B
| $283K | ﹤0.01% |
+7,047
| New | +$301K |
|
1540
Dr. Reddy's Laboratories
RDY
$10.3B
| $282K | ﹤0.01% |
26,915
+7,415
| +38% | +$79K |
|
1541
Oxford Industries
OXM
$543M
| $279K | ﹤0.01% |
3,103
-12,902
| -81% | -$1.25M |
|
1542
REX American Resources
REX
$1.39B
| $279K | ﹤0.01% |
+19,966
| New | +$301K |
|
1543
YPF Sociedad Anonima ADS
YPF
$19.8B
| $276K | ﹤0.01% |
+44,490
| New | +$213K |
|
1544
Align Technology
ALGN
$11.3B
| $275K | ﹤0.01% |
+1,329
| New | +$342K |
|
1545
Ciena
CIEN
$54.4B
| $275K | ﹤0.01% |
6,802
-336,573
| -98% | -$16.2M |
|
1546
Hertz
HTZ
$777M
| $275K | ﹤0.01% |
+16,904
| New | +$317K |
|
1547
Expensify
EXFY
$247M
| $272K | ﹤0.01% |
+18,281
| New | +$341K |
|
1548
GameStop
GME
$8.07B
| $271K | ﹤0.01% |
10,774
-8,462
| -44% | -$276K |
|
1549
Marcus Corp
MCS
$946M
| $271K | ﹤0.01% |
+19,530
| New | +$314K |
|
1550
Blue Owl Capital
OBDC
$5.6B
| $271K | ﹤0.01% |
+26,160
| New | +$333K |
|
Similar funds
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.