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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
-0.13%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$7.41B
AUM Growth
-$1.63B
Cap. Flow
-$1.27B
Cap. Flow %
-17.2%
Top 10 Hldgs %
9.76%
Holding
2,951
New
679
Increased
670
Reduced
594
Closed
919

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$60.6M
2
CSGP icon
CoStar Group
CSGP
+$57.8M
3
ED icon
Consolidated Edison
ED
+$52.3M
4
DE icon
Deere & Co
DE
+$44.5M
5
EXC icon
Exelon
EXC
+$42.1M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$483M
2
AMZN icon
Amazon
AMZN
+$366M
3
MRNA icon
Moderna
MRNA
+$123M
4
ETR icon
Entergy
ETR
+$44.9M
5
LIN icon
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
IWF icon
2376
iShares Russell 1000 Growth ETF
IWF
$125B
– –
-25,684
Closed -$1.74M
IYH icon
2377
iShares US Healthcare ETF
IYH
$3.86B
– –
-1,000
Closed -$55K
IYT icon
2378
iShares US Transportation ETF
IYT
$2.27B
– –
-17,524
Closed -$1.14M
IZEA icon
2379
IZEA Worldwide
IZEA
$52.1M
– –
-7,035
Closed -$72K
JACK icon
2380
Jack in the Box
JACK
$331M
– –
-41,586
Closed -$4.63M
JAMF
2381
DELISTED
Jamf
JAMF
– –
-88,837
Closed -$2.98M
JANX icon
2382
Janux Therapeutics
JANX
$1.06B
– –
-24,567
Closed -$613K
JBGS
2383
JBG SMITH
JBGS
$732M
– –
-45,988
Closed -$1.45M
JBI icon
2384
Janus International
JBI
$697M
– –
-134,597
Closed -$1.9M
JHG
2385
DELISTED
Janus Henderson
JHG
– –
-19,259
Closed -$747K
JMIA
2386
Jumia Technologies
JMIA
$840M
– –
-14,533
Closed -$441K
JOUT icon
2387
Johnson Outdoors
JOUT
$497M
– –
-6,488
Closed -$785K
JWN
2388
DELISTED
Nordstrom
JWN
– –
-32,319
Closed -$1.18M
KEP icon
2389
Korea Electric Power
KEP
$14.5B
– –
-11,800
Closed -$127K
KEY icon
2390
KeyCorp
KEY
$23.3B
– –
-275,684
Closed -$5.69M
KIE icon
2391
State Street SPDR S&P Insurance ETF
KIE
$704M
– –
-14,567
Closed -$561K
TBHC
2392
DELISTED
The Brand House Collective
TBHC
– –
-12,688
Closed -$290K
KMB icon
2393
Kimberly-Clark
KMB
$36.4B
– –
-26,307
Closed -$3.52M
KMPR icon
2394
Kemper
KMPR
$1.59B
– –
-3,245
Closed -$240K
KNDI
2395
Kandi Technologies Group
KNDI
$64M
– –
-13,415
Closed -$80K
KVHI icon
2396
KVH Industries
KVHI
$140M
– –
-40,219
Closed -$495K
LAKE icon
2397
Lakeland Industries
LAKE
$111M
– –
-16,366
Closed -$365K
LBTYA icon
2398
Liberty Global Class A
LBTYA
$3.63B
– –
-1
Closed –
LBRT icon
2399
Liberty Energy
LBRT
$3.16B
– –
-459,542
Closed -$6.51M
LEG icon
2400
Leggett & Platt
LEG
$1.29B
– –
-5,140
Closed -$266K
94 95
96
97 98

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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.