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 | |
|---|---|---|---|---|---|---|
1726
Ring Energy
REI
$378M
| $117K | ﹤0.01% |
50,392
-298,253
| -86% | -$814K |
|
1727
MBIA
MBI
$250M
| $114K | ﹤0.01% |
12,390
+728
| +6% | +$8.63K |
|
1728
Fossil Group
FOSL
$329M
| $113K | ﹤0.01% |
+33,072
| New | +$170K |
|
1729
WisdomTree
WT
$3.61B
| $113K | ﹤0.01% |
24,052
+1,139
| +5% | +$5.83K |
|
|
CONN
1730
DELISTED
Conn's Inc.
CONN
| $113K | ﹤0.01% |
+15,994
| New | +$152K |
|
1731
SGHC Ltd
SGHC
$7.11B
| $112K | ﹤0.01% |
27,432
-53,667
| -66% | -$235K |
|
|
AXIA
1732
DELISTED
AXIA Energia
AXIA
| $110K | ﹤0.01% |
+17,221
| New | +$120K |
|
|
MOMO
1733
Hello Group
MOMO
$841M
| $110K | ﹤0.01% |
23,747
-80,693
| -77% | -$386K |
|
|
PTVE
1734
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $110K | ﹤0.01% |
12,643
-2,977
| -19% | -$30.9K |
|
1735
Magnachip Semiconductor
MX
$116M
| $109K | ﹤0.01% |
10,602
-55,484
| -84% | -$728K |
|
|
CNCE
1736
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $109K | ﹤0.01% |
+16,198
| New | +$98.2K |
|
|
LBRDA
1737
DELISTED
Liberty Broadband Class A
LBRDA
| $108K | ﹤0.01% |
1,445
-690
| -32% | -$73K |
|
1738
XWELL
XWEL
$8.59M
| $108K | ﹤0.01% |
7,051
-35,070
| -83% | -$620K |
|
1739
OraSure Technologies
OSUR
$263M
| $106K | ﹤0.01% |
27,850
-231,948
| -89% | -$838K |
|
1740
Rush Enterprises Class B
RUSHB
$8.55B
| $105K | ﹤0.01% |
3,281
+510
| +18% | +$18.1K |
|
|
WW
1741
DELISTED
WW International
WW
| $105K | ﹤0.01% |
+26,693
| New | +$162K |
|
1742
Kinross Gold
KGC
$39.1B
| $101K | ﹤0.01% |
26,801
-17,001
| -39% | -$57.8K |
|
1743
MacroGenics
MGNX
$256M
| $100K | ﹤0.01% |
28,892
-33,789
| -54% | -$129K |
|
1744
Enviri
NVRI
$595M
| $100K | ﹤0.01% |
26,836
-46,520
| -63% | -$258K |
|
1745
Vanda Pharmaceuticals
VNDA
$322M
| $100K | ﹤0.01% |
10,099
-128,077
| -93% | -$1.35M |
|
1746
Nektar Therapeutics
NKTR
$2.52B
| $99K | ﹤0.01% |
+2,070
| New | +$123K |
|
|
ASTR
1747
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
| $98K | ﹤0.01% |
+10,697
| New | +$181K |
|
1748
Harmony Gold Mining
HMY
$14.3B
| $97K | ﹤0.01% |
+39,749
| New | +$115K |
|
1749
CleanSpark
CLSK
$3.06B
| $96K | ﹤0.01% |
+30,146
| New | +$130K |
|
1750
Root
ROOT
$876M
| $96K | ﹤0.01% |
12,241
+10,459
| +587% | +$164K |
|
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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.