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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
-0.13%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.41B
AUM Growth
-$1.63B
Cap. Flow
-$1.27B
Cap. Flow %
-17.2%
Top 10 Hldgs %
9.76%
Holding
2,951
New
679
Increased
670
Reduced
594
Closed
919

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$60.6M
2
CSGP icon
CoStar Group
CSGP
+$57.8M
3
ED icon
Consolidated Edison
ED
+$52.3M
4
DE icon
Deere & Co
DE
+$44.5M
5
EXC icon
Exelon
EXC
+$42.1M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$483M
2
AMZN icon
Amazon
AMZN
+$366M
3
MRNA icon
Moderna
MRNA
+$123M
4
ETR icon
Entergy
ETR
+$44.9M
5
LIN icon
Linde
LIN
+$43.7M

Sector Composition

Rank Sector Weight
1 Technology 16.98%
2 Industrials 10.54%
3 Consumer Discretionary 9.76%
4 Financials 9.11%
5 Healthcare 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAN
2151
Canaan Creative
CAN
$268M
– –
-16,410
Closed -$134K
CAR icon
2152
CALL
Avis
CAR
$5.19B
– –
-100,000
Closed -$7.79M
CARE icon
2153
Carter Bankshares
CARE
$719M
– –
-16,533
Closed -$207K
CASI
2154
DELISTED
CASI Pharmaceuticals
CASI
– –
-4,604
Closed -$71K
CASS icon
2155
Cass Information Systems
CASS
$735M
– –
-11,198
Closed -$456K
CATO icon
2156
Cato Corp
CATO
$55.7M
– –
-23,738
Closed -$400K
CATY icon
2157
Cathay General Bancorp
CATY
$4.16B
– –
-27,725
Closed -$1.09M
CBOE icon
2158
Cboe Global Markets
CBOE
$32.2B
– –
-18,939
Closed -$2.25M
CBRE icon
2159
CBRE Group
CBRE
$44B
– –
-31,069
Closed -$2.66M
CBUS icon
2160
Cibus
CBUS
$132M
– –
-258
Closed -$52K
CCC
2161
CCC Intelligent Solutions
CCC
$4.42B
– –
-129,998
Closed -$1.29M
CCRD
2162
DELISTED
CoreCard
CCRD
– –
-16,088
Closed -$506K
CDLX icon
2163
Cardlytics
CDLX
$25.2M
– –
-378
Closed -$480K
CDNA icon
2164
CareDx
CDNA
$2.46B
– –
-3,297
Closed -$302K
CEVA icon
2165
CEVA Inc
CEVA
$751M
– –
-22,325
Closed -$1.06M
CFFN icon
2166
Capitol Federal Financial
CFFN
$1.05B
– –
-27,079
Closed -$319K
CHD icon
2167
Church & Dwight Co
CHD
$24.3B
– –
-38,561
Closed -$3.29M
CHE icon
2168
Chemed
CHE
$7.08B
– –
-2,436
Closed -$1.16M
CHKP icon
2169
Check Point Software Technologies
CHKP
$13.3B
– –
-11,973
Closed -$1.39M
CHRW icon
2170
C.H. Robinson
CHRW
$16.7B
– –
-24,081
Closed -$2.26M
CHT icon
2171
Chunghwa Telecom
CHT
$33.5B
– –
-5,550
Closed -$226K
CIBR icon
2172
First Trust NASDAQ Cybersecurity ETF
CIBR
$14.8B
– –
-100,000
Closed -$4.68M
CIEN icon
2173
Ciena
CIEN
$52.7B
– –
-8,780
Closed -$499K
CIGI icon
2174
Colliers International
CIGI
$5.51B
– –
-2,209
Closed -$247K
CLFD icon
2175
Clearfield
CLFD
$370M
– –
-5,503
Closed -$206K
85 86
87
88 89

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Michael Gelband's Q3 2021 Portfolio in Review

As of Q3 2021, Michael Gelband held 2,951 positions worth $7.41B, down 18% from $9.04B the previous quarter. Its ten largest holdings account for 9.8% of the portfolio.

Michael Gelband withdrew a net $1.27B in Q3 2021, closing 919 positions and reducing 594 holdings. Its most notable exit was Amazon, an estimated $366M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Michael Gelband opened a new position in Advanced Micro Devices worth $61M.

  • Michael Gelband's largest Q3 2021 buy was Advanced Micro Devices: 592,990 shares worth $61M.
  • Michael Gelband added most to CoStar Group in Q3 2021, an estimated $57.8M increase.
  • Michael Gelband's biggest Q3 2021 reduction was Microsoft, cutting an estimated $483M.
  • Michael Gelband fully exited Amazon in Q3 2021, selling an estimated $366M.
  • Michael Gelband's ten largest holdings make up 9.8% of its $7.41B portfolio in Q3 2021.
  • Michael Gelband opened 679 new positions and closed 919 in Q3 2021.
  • Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.41B.

Based on ExodusPoint Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.