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 |
Advanced Micro Devices
AMD
|
+$60.6M |
| 2 |
CoStar Group
CSGP
|
+$57.8M |
| 3 |
Consolidated Edison
ED
|
+$52.3M |
| 4 |
Deere & Co
DE
|
+$44.5M |
| 5 |
Exelon
EXC
|
+$42.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$483M |
| 2 |
Amazon
AMZN
|
+$366M |
| 3 |
Moderna
MRNA
|
+$123M |
| 4 |
Entergy
ETR
|
+$44.9M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
2301
GoDaddy
GDDY
$12.3B
| – | – |
-17,535
| Closed | -$1.52M |
|
2302
Grid Dynamics Holdings
GDYN
$649M
| – | – |
-24,415
| Closed | -$367K |
|
2303
CALL
GE Aerospace
GE
$361B
| – | – |
-100,318
| Closed | -$6.73M |
|
2304
Gen Digital
GEN
$17.3B
| – | – |
-150,100
| Closed | -$4.09M |
|
|
GES
2305
DELISTED
Guess Inc
GES
| – | – |
-81,878
| Closed | -$2.16M |
|
2306
Gevo
GEVO
$381M
| – | – |
-99,752
| Closed | -$725K |
|
2307
Griffon
GFF
$4.55B
| – | – |
-15,763
| Closed | -$404K |
|
2308
GFL Environmental
GFL
$14.8B
| – | – |
-25,209
| Closed | -$805K |
|
2309
Guardant Health
GH
$22.9B
| – | – |
-21,157
| Closed | -$2.63M |
|
2310
General Mills
GIS
$21.4B
| – | – |
-127,285
| Closed | -$7.75M |
|
2311
GameStop
GME
$8.17B
| – | – |
-14,184
| Closed | -$759K |
|
2312
Genprex
GNPX
$3.24M
| – | – |
-1
| Closed | -$86K |
|
2313
Genasys
GNSS
$76.1M
| – | – |
-27,843
| Closed | -$153K |
|
2314
Gentex
GNTX
$4.98B
| – | – |
-35,198
| Closed | -$1.17M |
|
2315
Gogo Inc
GOGO
$363M
| – | – |
-166,646
| Closed | -$1.9M |
|
2316
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| – | – |
-8,000
| Closed | -$1M |
|
|
GPMT
2317
Granite Point Mortgage Trust
GPMT
$54.5M
| – | – |
-24,974
| Closed | -$368K |
|
2318
Gulfport Energy Corp
GPOR
$3.07B
| – | – |
-5,232
| Closed | -$339K |
|
2319
GeoPark
GPRK
$635M
| – | – |
-45,163
| Closed | -$571K |
|
2320
Groupon
GRPN
$797M
| – | – |
-45,358
| Closed | -$1.96M |
|
|
GRVY
2321
GRAVITY
GRVY
$495M
| – | – |
-2,411
| Closed | -$261K |
|
2322
Goldman Sachs BDC
GSBD
$1.11B
| – | – |
-11,210
| Closed | -$220K |
|
2323
GSI Technology
GSIT
$230M
| – | – |
-30,680
| Closed | -$172K |
|
2324
Global Ship Lease
GSL
$1.58B
| – | – |
-12,482
| Closed | -$244K |
|
2325
Hyatt Hotels
H
$17B
| – | – |
-20,891
| Closed | -$1.62M |
|
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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.