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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
BAX icon
1876
Baxter International
BAX
$13.6B
– –
-25,807
Closed -$1.66M
BBSI icon
1877
Barrett Business Services
BBSI
$810M
– –
-14,156
Closed -$258K
BBY icon
1878
Best Buy
BBY
$18.1B
– –
-92,668
Closed -$6.04M
BC icon
1879
Brunswick
BC
$5.21B
– –
-55,475
Closed -$3.63M
BCE icon
1880
BCE
BCE
$22B
– –
-9,899
Closed -$487K
BE icon
1881
Bloom Energy
BE
$63.6B
– –
-62,388
Closed -$1.03M
BEEM icon
1882
Beam Global
BEEM
$31.3M
– –
-25,385
Closed -$394K
BHE icon
1883
Benchmark Electronics
BHE
$2.57B
– –
-10,445
Closed -$236K
BHF icon
1884
Brighthouse Financial
BHF
$3B
– –
-74,107
Closed -$3.04M
CMRC
1885
Commerce.com Inc Series 1
CMRC
$191M
– –
-11,009
Closed -$178K
KEEL
1886
Keel Infrastructure Corp
KEEL
$2.15B
– –
-59,857
Closed -$67K
BKH icon
1887
Black Hills Corp
BKH
$5.55B
– –
-34,758
Closed -$2.53M
BLDP
1888
Ballard Power Systems
BLDP
$703M
– –
-46,776
Closed -$295K
BLMN icon
1889
Bloomin' Brands
BLMN
$937M
– –
-124,310
Closed -$2.07M
BLNK icon
1890
Blink Charging
BLNK
$84.8M
– –
-22,243
Closed -$368K
BOOT icon
1891
Boot Barn
BOOT
$4.91B
– –
-23,227
Closed -$1.6M
BOX icon
1892
Box
BOX
$4.56B
– –
-21,396
Closed -$538K
BPMC
1893
DELISTED
Blueprint Medicines
BPMC
– –
-16,988
Closed -$858K
BRKR icon
1894
Bruker
BRKR
$8.84B
– –
-86,636
Closed -$5.44M
BRSP
1895
BrightSpire Capital
BRSP
$617M
– –
-213,019
Closed -$1.61M
BSAC icon
1896
Banco Santander Chile
BSAC
$16.9B
– –
-17,738
Closed -$289K
BSX icon
1897
Boston Scientific
BSX
$72.4B
– –
-92,295
Closed -$3.44M
BTAI icon
1898
BioXcel Therapeutics
BTAI
$23.2M
– –
-1,665
Closed -$352K
BTBT icon
1899
Bit Digital
BTBT
$570M
– –
-21,389
Closed -$28K
BTU icon
1900
Peabody Energy
BTU
$3.31B
– –
-19,901
Closed -$424K
74 75
76
77 78

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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.