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 |
Amazon
AMZN
|
+$257M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$254M |
| 3 |
Microsoft
MSFT
|
+$247M |
| 4 |
AerCap
AER
|
+$77.8M |
| 5 |
ON Semiconductor
ON
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$76.2M |
| 2 |
Diamondback Energy
FANG
|
+$44.8M |
| 3 |
Exelon
EXC
|
+$41.9M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$38.8M |
| 5 |
American Electric Power
AEP
|
+$38.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.23% |
| 2 | Consumer Discretionary | 11.75% |
| 3 | Industrials | 11.23% |
| 4 | Financials | 8.63% |
| 5 | Healthcare | 6.24% |
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Michael Gelband's Q4 2021 Portfolio in Review
As of Q4 2021, Michael Gelband held 2,843 positions worth $9.67B, up 30% from $7.41B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Michael Gelband deployed $1.95B of net new capital in Q4 2021, opening 810 new positions and adding to 656 existing holdings. Its largest new stake was Amazon: 1,500,500 shares worth $250M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Advanced Micro Devices, an estimated $76.2M trimmed.
- Michael Gelband's largest Q4 2021 buy was Amazon: 1,500,500 shares worth $250M.
- Michael Gelband added most to State Street SPDR S&P 500 ETF Trust in Q4 2021, an estimated $254M increase.
- Michael Gelband's biggest Q4 2021 reduction was Advanced Micro Devices, cutting an estimated $76.2M.
- Michael Gelband fully exited Diamondback Energy in Q4 2021, selling an estimated $44.8M.
- Michael Gelband's ten largest holdings make up 22% of its $9.67B portfolio in Q4 2021.
- Michael Gelband opened 810 new positions and closed 731 in Q4 2021.
- Michael Gelband's portfolio value rose 30% quarter-over-quarter to $9.67B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.