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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
+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
NKTX icon
2126
Nkarta
NKTX
$191M
– –
-136,700
Closed -$485K
NMRK icon
2127
Newmark Group
NMRK
$2.94B
– –
-198,028
Closed -$1.4M
NOTE
2128
DELISTED
FiscalNote
NOTE
– –
-1,017
Closed -$27K
NOVA
2129
DELISTED
Sunnova Energy
NOVA
– –
-405,375
Closed -$6.33M
NSP icon
2130
Insperity
NSP
$2.02B
– –
-49,506
Closed -$6.02M
NTAP icon
2131
NetApp
NTAP
$37.7B
– –
-54,400
Closed -$3.47M
NTST
2132
NETSTREIT Corp
NTST
$2.07B
– –
-23,151
Closed -$423K
NUE icon
2133
Nucor
NUE
$55.3B
– –
-9,309
Closed -$1.44M
NVT icon
2134
nVent Electric
NVT
$24.6B
– –
-95,180
Closed -$4.09M
NVTS icon
2135
Navitas Semiconductor
NVTS
$3.39B
– –
-16,650
Closed -$122K
OCFC icon
2136
OceanFirst Financial
OCFC
$1.84B
– –
-13,591
Closed -$251K
OCGN icon
2137
Ocugen
OCGN
$471M
– –
-209,442
Closed -$179K
ODFL icon
2138
Old Dominion Freight Line
ODFL
$42.8B
– –
-84,612
Closed -$14.4M
OEC icon
2139
Orion
OEC
$346M
– –
-30,982
Closed -$808K
OII icon
2140
Oceaneering
OII
$5.28B
– –
-79,261
Closed -$1.4M
OMC icon
2141
Omnicom Group
OMC
$24B
– –
-28,204
Closed -$2.66M
OMCL icon
2142
Omnicell
OMCL
$1.62B
– –
-18,998
Closed -$1.11M
OMER icon
2143
Omeros
OMER
$1.39B
– –
-11,600
Closed -$54K
OPTN
2144
DELISTED
OptiNose
OPTN
– –
-898
Closed -$26K
ORGN
2145
DELISTED
Origin Materials
ORGN
– –
-8,455
Closed -$1.08M
ORI icon
2146
Old Republic International
ORI
$10B
– –
-17,794
Closed -$444K
OSW icon
2147
OneSpaWorld
OSW
$2.71B
– –
-28,638
Closed -$343K
OTEX icon
2148
Open Text
OTEX
$5.97B
– –
-8,819
Closed -$340K
OVV icon
2149
Ovintiv
OVV
$18.5B
– –
-47,929
Closed -$1.73M
OXY icon
2150
CALL
Occidental Petroleum
OXY
$61.3B
– –
-444,500
Closed -$27.8M
84 85
86
87 88

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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.