We are live on ! Find out more
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
+3.28%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$12.1B
AUM Growth
+$5.18B
Cap. Flow
+$5.01B
Cap. Flow %
41.5%
Top 10 Hldgs %
21.6%
Holding
2,250
New
668
Increased
659
Reduced
374
Closed
543

Top Buys

Rank Stock Value
1
EXC icon
Exelon
EXC
+$101M
2
PPL
PPL Corp
PPL
+$72.8M
3
OXY icon
Occidental Petroleum
OXY
+$62.9M
4
DUK icon
Duke Energy
DUK
+$61.4M
5
FDX icon
FedEx
FDX
+$60M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$52.9M
2
APA icon
APA Corp
APA
+$51.1M
3
TTC icon
Toro Company
TTC
+$34.3M
4
CNH
CNH Industrial
CNH
+$32.6M
5
ETR icon
Entergy
ETR
+$30.1M

Sector Composition

Rank Sector Weight
1 Industrials 10.84%
2 Technology 10.75%
3 Healthcare 9.82%
4 Utilities 8.33%
5 Energy 7.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SRE icon
2101
Sempra
SRE
$54.2B
– –
-92,306
Closed -$7.13M
SSB icon
2102
SouthState Bank Corp
SSB
$10.4B
– –
-26,925
Closed -$2.06M
SSNC icon
2103
SS&C Technologies
SSNC
$19.5B
– –
-56,437
Closed -$2.94M
SSRM icon
2104
SSR Mining
SSRM
$7.7B
– –
-13,984
Closed -$219K
STAA icon
2105
STAAR Surgical
STAA
$1.16B
– –
-53,973
Closed -$2.62M
SSYS icon
2106
Stratasys
SSYS
$692M
– –
-62,242
Closed -$738K
STC icon
2107
Stewart Information Services
STC
$2.11B
– –
-15,443
Closed -$660K
STNE icon
2108
StoneCo
STNE
$2.16B
– –
-12,538
Closed -$118K
STX icon
2109
Seagate
STX
$193B
– –
-28,341
Closed -$1.49M
SWIM icon
2110
Latham Group
SWIM
$827M
– –
-11,999
Closed -$39K
SWKS icon
2111
Skyworks Solutions
SWKS
$10.1B
– –
-38,165
Closed -$3.48M
SXT icon
2112
Sensient Technologies
SXT
$5.73B
– –
-8,944
Closed -$652K
SYY icon
2113
Sysco
SYY
$40.2B
– –
-84,910
Closed -$6.49M
TALK
2114
DELISTED
Talkspace
TALK
– –
-15,671
Closed -$10K
TAN icon
2115
Invesco Solar ETF
TAN
$1.29B
– –
-132,000
Closed -$9.63M
TAP icon
2116
Molson Coors Class B
TAP
$8.01B
– –
-13,765
Closed -$709K
TBBK icon
2117
The Bancorp
TBBK
$2.74B
– –
-11,183
Closed -$317K
TCPC icon
2118
BlackRock TCP Capital
TCPC
$338M
– –
-17,710
Closed -$229K
TDG icon
2119
TransDigm Group
TDG
$66.4B
– –
-4,207
Closed -$2.65M
TECK icon
2120
Teck Resources
TECK
$33.9B
– –
-691,770
Closed -$26.2M
TGNA
2121
DELISTED
TEGNA Inc
TGNA
– –
-44,700
Closed -$947K
TIGR
2122
UP Fintech Holding
TIGR
$952M
– –
-48,090
Closed -$164K
TJX icon
2123
TJX Companies
TJX
$155B
– –
-124,678
Closed -$9.92M
TKC icon
2124
Turkcell
TKC
$4.75B
– –
-15,162
Closed -$73K
TNET icon
2125
TriNet
TNET
$3.24B
– –
-28,257
Closed -$1.92M
83 84
85
86 87

Similar funds

FGP
Freestone Grove Partners San Francisco, California $15.6B AUM 27.39% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $15.6B AUM 71.29% 1-Year Est. Return
GF
Gabelli Funds Rye, New York $15.7B AUM 36.4% 1-Year Est. Return
AIM
ARK Investment Management St. Petersburg, Florida $15.4B AUM 50.29% 1-Year Est. Return
Impax Asset Management Group
Impax Asset Management Group London, United Kingdom $15.4B AUM 26.43% 1-Year Est. Return
AA
Acorns Advisers Irvine, California $15.3B AUM 18.32% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $15.8B AUM 1.29% 1-Year Est. Return
NMIFOAC
National Mutual Insurance Federation of Agricultural Cooperatives Tokyo, Japan, Japan $15.3B AUM 24.71% 1-Year Est. Return

Michael Gelband's Q1 2023 Portfolio in Review

As of Q1 2023, Michael Gelband held 2,250 positions worth $12.1B, up 75% from $6.89B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Michael Gelband deployed $5.01B of net new capital in Q1 2023, opening 668 new positions and adding to 659 existing holdings. Its largest new stake was Valero Energy: 333,288 shares worth $46.5M.

By sector, the portfolio is most concentrated in Industrials at 11% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Apple, an estimated $52.9M trimmed.

  • Michael Gelband's largest Q1 2023 buy was Valero Energy: 333,288 shares worth $46.5M.
  • Michael Gelband added most to Exelon in Q1 2023, an estimated $101M increase.
  • Michael Gelband's biggest Q1 2023 reduction was Apple, cutting an estimated $52.9M.
  • Michael Gelband fully exited APA Corp in Q1 2023, selling an estimated $51.1M.
  • Michael Gelband's ten largest holdings make up 22% of its $12.1B portfolio in Q1 2023.
  • Michael Gelband opened 668 new positions and closed 543 in Q1 2023.
  • Michael Gelband's portfolio value rose 75% quarter-over-quarter to $12.1B.

Based on ExodusPoint Capital Management's 13F filing for Q1 2023, filed 11 May 2023.