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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
PAGS icon
2151
PagSeguro Digital
PAGS
$2.38B
– –
-39,897
Closed -$342K
PANW icon
2152
Palo Alto Networks
PANW
$292B
– –
-204,000
Closed -$20.4M
PATH icon
2153
UiPath
PATH
$8.49B
– –
-78,118
Closed -$1.37M
PAX icon
2154
Patria Investments
PAX
$1.85B
– –
-25,435
Closed -$376K
PAYC icon
2155
Paycom
PAYC
$10.3B
– –
-29,054
Closed -$8.83M
PBF icon
2156
PBF Energy
PBF
$8.72B
– –
-35,745
Closed -$1.55M
PBI icon
2157
Pitney Bowes
PBI
$2.26B
– –
-27,073
Closed -$105K
PBR.A icon
2158
Petrobras Class A
PBR.A
$111B
– –
-10,972
Closed -$102K
PCAR icon
2159
PACCAR
PCAR
$69B
– –
-35,911
Closed -$2.63M
PCG icon
2160
PG&E
PCG
$38.8B
– –
-11,159
Closed -$180K
PFBC icon
2161
Preferred Bank
PFBC
$1.24B
– –
-16,452
Closed -$902K
PFGC icon
2162
Performance Food Group
PFGC
$16.5B
– –
-134,533
Closed -$8.12M
PFS icon
2163
Provident Financial Services
PFS
$3.09B
– –
-97,531
Closed -$1.87M
PI icon
2164
Impinj
PI
$5.06B
– –
-4,295
Closed -$582K
PII icon
2165
Polaris
PII
$3.66B
– –
-54,835
Closed -$6.07M
PIPR icon
2166
Piper Sandler
PIPR
$5.3B
– –
-5,844
Closed -$203K
PJT icon
2167
PJT Partners
PJT
$4.47B
– –
-2,909
Closed -$210K
PL icon
2168
Planet Labs
PL
$7.94B
– –
-102,113
Closed -$401K
PLCE icon
2169
Children's Place
PLCE
$55.4M
– –
-10,873
Closed -$438K
PMVP icon
2170
PMV Pharmaceuticals
PMVP
$71.1M
– –
-15,698
Closed -$75K
POR icon
2171
Portland General Electric
POR
$5.83B
– –
-52,055
Closed -$2.54M
PR
2172
Permian Resources
PR
$19.9B
– –
-83,293
Closed -$875K
PRA
2173
DELISTED
ProAssurance
PRA
– –
-32,992
Closed -$610K
PRCT icon
2174
Procept Biorobotics
PRCT
$1.24B
– –
-338,950
Closed -$9.63M
PROK icon
2175
ProKidney
PROK
$336M
– –
-13,343
Closed -$151K
85 86
87
88 89

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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.