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MG

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
+4.49%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$12.3B
AUM Growth
+$227M
Cap. Flow
-$346M
Cap. Flow %
-2.81%
Top 10 Hldgs %
24.75%
Holding
2,377
New
669
Increased
496
Reduced
623
Closed
582

Top Buys

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$308M
2
PXD
Pioneer Natural Resource Co.
PXD
+$76.7M
3
AMH icon
American Homes 4 Rent
AMH
+$69.4M
4
EQIX icon
Equinix
EQIX
+$51.2M
5
COLD icon
Americold
COLD
+$48.4M

Top Sells

Rank Stock Value
1
NI icon
NiSource
NI
+$77.7M
2
LIN icon
Linde
LIN
+$71M
3
DTE icon
DTE Energy
DTE
+$57.1M
4
FCX icon
Freeport-McMoran
FCX
+$51.7M
5
FDX icon
FedEx
FDX
+$44.9M

Sector Composition

Rank Sector Weight
1 Industrials 11.05%
2 Technology 9.71%
3 Healthcare 9.12%
4 Real Estate 6.85%
5 Utilities 6.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNV icon
1976
Franco-Nevada
FNV
$51.3B
– –
-31,677
Closed -$4.62M
FRGE
1977
DELISTED
Forge Global Holdings
FRGE
– –
-1,674
Closed -$44K
FROG icon
1978
JFrog
FROG
$11.4B
– –
-203,293
Closed -$4M
FTI icon
1979
CALL
TechnipFMC
FTI
$30.4B
– –
-444,500
Closed -$6.07M
FTNT icon
1980
Fortinet
FTNT
$113B
– –
-54,062
Closed -$3.59M
FWONA icon
1981
Liberty Media Series A
FWONA
$24.2B
$0 ﹤0.01%
3
+1
+50% +$63
GAU
1982
Galiano Gold
GAU
$612M
– –
-99,512
Closed -$58K
GBCI icon
1983
Glacier Bancorp
GBCI
$6.15B
– –
-16,407
Closed -$689K
GDDY icon
1984
GoDaddy
GDDY
$12.3B
– –
-41,674
Closed -$3.24M
GDEN
1985
DELISTED
Golden Entertainment
GDEN
– –
-17,278
Closed -$752K
GDS icon
1986
GDS Holdings
GDS
$6.58B
– –
-13,492
Closed -$252K
GEVO icon
1987
Gevo
GEVO
$381M
– –
-14,036
Closed -$22K
GFF icon
1988
Griffon
GFF
$4.55B
– –
-59,513
Closed -$1.91M
GGR icon
1989
Gogoro
GGR
$45.6M
– –
-1,541
Closed -$125K
GIC icon
1990
Global Industrial
GIC
$1.5B
– –
-8,461
Closed -$227K
GLNG icon
1991
Golar LNG
GLNG
$5.31B
– –
-11,033
Closed -$238K
GLW icon
1992
Corning
GLW
$129B
– –
-361,714
Closed -$12.8M
GM icon
1993
General Motors
GM
$77.2B
– –
-103,097
Closed -$3.57M
GME icon
1994
GameStop
GME
$8.17B
– –
-17,570
Closed -$404K
GORO icon
1995
Goldgroup Mining
GORO
$240M
– –
-57,862
Closed -$61K
GOSS icon
1996
Gossamer Bio
GOSS
$75.6M
– –
-163,769
Closed -$206K
GOTU icon
1997
Gaotu Techedu
GOTU
$401M
– –
-80,870
Closed -$341K
GPRK icon
1998
GeoPark
GPRK
$635M
– –
-28,583
Closed -$325K
GRAB icon
1999
Grab
GRAB
$14.2B
– –
-285,761
Closed -$860K
GRBK icon
2000
Green Brick Partners
GRBK
$3.09B
– –
-21,921
Closed -$769K
78 79
80
81 82

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Michael Gelband's Q2 2023 Portfolio in Review

As of Q2 2023, Michael Gelband held 2,377 positions worth $12.3B, up 1.9% from $12.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Michael Gelband's Q2 2023 filing shows 669 new, 496 increased, 623 reduced and 582 closed positions. Its largest new stake was Pioneer Natural Resource Co.: 364,360 shares worth $75.5M. The largest sale was NiSource, an estimated $77.7M.

By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 11% a quarter earlier, followed by Technology and Healthcare.

  • Michael Gelband's largest Q2 2023 buy was Pioneer Natural Resource Co.: 364,360 shares worth $75.5M.
  • Michael Gelband added most to Global Payments in Q2 2023, an estimated $308M increase.
  • Michael Gelband's biggest Q2 2023 reduction was NiSource, cutting an estimated $77.7M.
  • Michael Gelband fully exited L3Harris in Q2 2023, selling an estimated $44.7M.
  • Michael Gelband's ten largest holdings make up 25% of its $12.3B portfolio in Q2 2023.
  • Michael Gelband opened 669 new positions and closed 582 in Q2 2023.
  • Michael Gelband's portfolio value rose 1.9% quarter-over-quarter to $12.3B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.