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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
+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
WY icon
2176
Weyerhaeuser
WY
$17.6B
– –
-45,883
Closed -$1.42M
XLB icon
2177
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
– –
-32,800
Closed -$1.27M
XLF icon
2178
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
– –
-68,712
Closed -$2.39M
YELP icon
2179
Yelp
YELP
$1.27B
– –
-70,205
Closed -$1.92M
YEXT icon
2180
Yext
YEXT
$637M
– –
-77,802
Closed -$508K
Z icon
2181
Zillow
Z
$8.07B
– –
-5,809
Closed -$187K
ZG icon
2182
Zillow
ZG
$8.27B
– –
-17,271
Closed -$539K
ZIP icon
2183
ZipRecruiter
ZIP
$346M
– –
-55,384
Closed -$909K
ZTS icon
2184
Zoetis
ZTS
$32.1B
– –
-24,908
Closed -$3.65M
ASTH icon
2185
Astrana Health
ASTH
$1.95B
– –
-14,499
Closed -$429K
CPAY icon
2186
Corpay
CPAY
$27.4B
– –
-2,238
Closed -$411K
VRN
2187
DELISTED
Veren
VRN
– –
-86,354
Closed -$617K
CNR
2188
Core Natural Resources Inc
CNR
$4.72B
– –
-3,570
Closed -$232K
UCB
2189
United Community Banks
UCB
$4.29B
– –
-48,618
Closed -$1.64M
NBIS
2190
Nebius Group N.V.
NBIS
$59.6B
$0 ﹤0.01%
52,533
– –
EXE
2191
Expand Energy Corp
EXE
$22.2B
– –
-300,149
Closed -$28.3M
FLG
2192
Flagstar Bank National Association
FLG
$5.59B
– –
-168,319
Closed -$4.34M
LUCK
2193
Lucky Strike Entertainment
LUCK
$927M
– –
-24,612
Closed -$332K
XIFR
2194
XPLR Infrastructure LP
XIFR
$1.05B
– –
-25,627
Closed -$1.8M
QVCGA
2195
DELISTED
QVC Group Inc Series A
QVCGA
– –
-200
Closed -$16K
LGF.A
2196
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
– –
-69,424
Closed -$396K
NARI
2197
DELISTED
Inari Medical, Inc. Common Stock
NARI
– –
-34,436
Closed -$2.19M
AGR
2198
DELISTED
Avangrid, Inc.
AGR
– –
-145,762
Closed -$6.26M
LEV
2199
DELISTED
The Lion Electric Company
LEV
– –
-16,242
Closed -$36K
DNMR
2200
DELISTED
Danimer Scientific, Inc.
DNMR
– –
-1,204
Closed -$86K
86 87
88
89 90

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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.