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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
-13.9%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$8.16B
AUM Growth
+$248M
Cap. Flow
+$1.5B
Cap. Flow %
18.35%
Top 10 Hldgs %
14.12%
Holding
2,786
New
644
Increased
646
Reduced
549
Closed
902

Top Buys

Rank Stock Value
1
ETR icon
Entergy
ETR
+$79.1M
2
DTE icon
DTE Energy
DTE
+$73.2M
3
FDX icon
FedEx
FDX
+$48.6M
4
MPC icon
Marathon Petroleum
MPC
+$47.5M
5
CMS icon
CMS Energy
CMS
+$45.3M

Top Sells

Rank Stock Value
1
T icon
AT&T
T
+$75.8M
2
XOM icon
ExxonMobil
XOM
+$62M
3
LIN icon
Linde
LIN
+$49.9M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$38.6M
5
EXPE icon
Expedia Group
EXPE
+$29.7M

Sector Composition

Rank Sector Weight
1 Industrials 14.24%
2 Technology 13.54%
3 Utilities 9.55%
4 Financials 8.68%
5 Healthcare 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEN icon
2326
Penumbra
PEN
$12.8B
– –
-5,890
Closed -$1.31M
PENN icon
2327
PENN Entertainment
PENN
$2.5B
– –
-32,114
Closed -$1.36M
PFE icon
2328
Pfizer
PFE
$160B
– –
-102,096
Closed -$5.29M
PGR icon
2329
Progressive
PGR
$127B
– –
-10,863
Closed -$1.24M
PHM icon
2330
Pultegroup
PHM
$24.6B
– –
-9,685
Closed -$406K
PI icon
2331
Impinj
PI
$5.06B
– –
-9,001
Closed -$572K
PIII icon
2332
P3 Health Partners
PIII
$40.3M
– –
-1,278
Closed -$500K
PKBK icon
2333
Parke Bancorp
PKBK
$402M
– –
-8,545
Closed -$202K
PLCE icon
2334
Children's Place
PLCE
$55.4M
– –
-33,618
Closed -$1.66M
PLTR icon
2335
Palantir
PLTR
$432B
– –
-93,679
Closed -$1.29M
PODD icon
2336
Insulet
PODD
$10.3B
– –
-3,456
Closed -$921K
POST icon
2337
Post Holdings
POST
$3.65B
– –
-22,985
Closed -$1.59M
PPBI
2338
DELISTED
Pacific Premier Bancorp
PPBI
– –
-7,019
Closed -$248K
PPC icon
2339
Pilgrim's Pride
PPC
$7.68B
– –
-191,376
Closed -$4.8M
PRCT icon
2340
Procept Biorobotics
PRCT
$1.24B
– –
-16,863
Closed -$590K
PRGS icon
2341
Progress Software
PRGS
$1.82B
– –
-5,368
Closed -$253K
PRG icon
2342
PROG Holdings
PRG
$1.54B
– –
-59,666
Closed -$1.72M
PRGO icon
2343
Perrigo
PRGO
$1.98B
– –
-45,595
Closed -$1.75M
PRI icon
2344
Primerica
PRI
$9.1B
– –
-1,657
Closed -$227K
PRM icon
2345
Perimeter Solutions
PRM
$5.15B
– –
-401,809
Closed -$4.87M
PSFE icon
2346
Paysafe
PSFE
$359M
– –
-10,533
Closed -$428K
PSN icon
2347
Parsons
PSN
$5.24B
– –
-23,611
Closed -$914K
PTON icon
2348
Peloton Interactive
PTON
$2.37B
– –
-107,998
Closed -$2.85M
PUBM icon
2349
PubMatic
PUBM
$747M
– –
-143,089
Closed -$3.74M
PUK icon
2350
Prudential
PUK
$35B
– –
-16,871
Closed -$499K
92 93
94
95 96

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Michael Gelband's Q2 2022 Portfolio in Review

As of Q2 2022, Michael Gelband held 2,786 positions worth $8.16B, up 3.1% from $7.91B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Michael Gelband deployed $1.5B of net new capital in Q2 2022, opening 644 new positions and adding to 646 existing holdings. Its largest new stake was Marathon Petroleum: 508,082 shares worth $41.8M.

By sector, the portfolio is most concentrated in Industrials at 14% of assets, up from 13% a quarter earlier, followed by Technology and Utilities.

On the sell side, the largest reduction was AT&T, an estimated $75.8M trimmed.

  • Michael Gelband's largest Q2 2022 buy was Marathon Petroleum: 508,082 shares worth $41.8M.
  • Michael Gelband added most to Entergy in Q2 2022, an estimated $79.1M increase.
  • Michael Gelband's biggest Q2 2022 reduction was AT&T, cutting an estimated $75.8M.
  • Michael Gelband fully exited Linde in Q2 2022, selling an estimated $49.9M.
  • Michael Gelband's ten largest holdings make up 14% of its $8.16B portfolio in Q2 2022.
  • Michael Gelband opened 644 new positions and closed 902 in Q2 2022.
  • Michael Gelband's portfolio value rose 3.1% quarter-over-quarter to $8.16B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2022, filed 22 Aug 2022.