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 | |
|---|---|---|---|---|---|---|
1901
AB InBev
BUD
$156B
| – | – |
-16,777
| Closed | -$905K |
|
1902
First Busey Corp
BUSE
$2.5B
| – | – |
-15,724
| Closed | -$359K |
|
1903
Compañía de Minas Buenaventura
BVN
$8.94B
| – | – |
-24,729
| Closed | -$163K |
|
1904
Betterware México
BWMX
$601M
| – | – |
-16,702
| Closed | -$144K |
|
1905
Boyd Gaming
BYD
$5.89B
| – | – |
-154,285
| Closed | -$7.68M |
|
1906
BuzzFeed
BZFD
$94.2M
| – | – |
-3,011
| Closed | -$19K |
|
|
BZUN
1907
Baozun
BZUN
$164M
| – | – |
-61,779
| Closed | -$676K |
|
1908
Citigroup
C
$221B
| – | – |
-6,567
| Closed | -$302K |
|
1909
Cable One
CABO
$130M
| – | – |
-1,070
| Closed | -$1.38M |
|
1910
PUT
Credit Acceptance
CACC
$6.26B
| – | – |
-14,400
| Closed | -$6.82M |
|
1911
Cardinal Health
CAH
$54B
| – | – |
-123,991
| Closed | -$6.48M |
|
1912
Cheesecake Factory
CAKE
$5.7B
| – | – |
-63,664
| Closed | -$1.68M |
|
1913
Pathward Financial
CASH
$1.72B
| – | – |
-8,625
| Closed | -$334K |
|
1914
Caterpillar
CAT
$373B
| – | – |
-15,858
| Closed | -$2.83M |
|
|
1915
PUT
Caterpillar
CAT
$373B
| – | – |
-60,000
| Closed | -$10.7M |
|
1916
C4 Therapeutics
CCCC
$504M
| – | – |
-35,197
| Closed | -$265K |
|
1917
Crown Holdings
CCK
$13B
| – | – |
-25,585
| Closed | -$2.36M |
|
1918
Celanese
CE
$4.97B
| – | – |
-88,807
| Closed | -$10.4M |
|
1919
Celularity
CELU
$22.4M
| – | – |
-1,673
| Closed | -$57K |
|
1920
Carlyle Group
CG
$17.5B
| – | – |
-91,517
| Closed | -$2.9M |
|
1921
Cullen/Frost Bankers
CFR
$10.2B
| – | – |
-52,790
| Closed | -$6.15M |
|
1922
Carlyle Secured Lending
CGBD
$788M
| – | – |
-16,015
| Closed | -$203K |
|
|
CGC
1923
Canopy Growth
CGC
$472M
| – | – |
-1,769
| Closed | -$50K |
|
1924
Cognyte Software
CGNT
$631M
| – | – |
-85,647
| Closed | -$364K |
|
1925
Cognex
CGNX
$9.85B
| – | – |
-70,891
| Closed | -$3.01M |
|
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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.