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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
MTRX icon
2451
Matrix Service
MTRX
$311M
– –
-24,753
Closed -$260K
MU icon
2452
Micron Technology
MU
$1.09T
– –
-74,777
Closed -$6.36M
MUR icon
2453
PUT
Murphy Oil
MUR
$5.36B
– –
-200,000
Closed -$4.72M
MUX icon
2454
McEwen Inc
MUX
$1.28B
– –
-6,598
Closed -$91K
MVIS icon
2455
Microvision
MVIS
$50.8M
– –
-2,178
Closed -$547K
MX icon
2456
Magnachip Semiconductor
MX
$121M
– –
-48,430
Closed -$1.16M
LUXE
2457
LuxExperience B.V.
LUXE
$1.07B
– –
-31,594
Closed -$961K
NBHC icon
2458
National Bank Holdings
NBHC
$1.86B
– –
-5,423
Closed -$205K
NBN icon
2459
Northeast Bank
NBN
$1.12B
– –
-16,898
Closed -$505K
NCNO icon
2460
nCino
NCNO
$2.26B
– –
-20,864
Closed -$1.25M
NDLS icon
2461
Noodles & Co
NDLS
$89.7M
– –
-2,915
Closed -$291K
NEM icon
2462
Newmont
NEM
$139B
– –
-68,829
Closed -$4.36M
NFE icon
2463
New Fortress Energy
NFE
$78.5M
– –
-15,157
Closed -$574K
NFLX icon
2464
Netflix
NFLX
$331B
– –
-130,470
Closed -$6.89M
NGD
2465
DELISTED
New Gold Inc
NGD
– –
-51,201
Closed -$93K
NIO icon
2466
NIO
NIO
$11.6B
– –
-54,567
Closed -$2.9M
NMRK icon
2467
Newmark Group
NMRK
$2.94B
– –
-29,314
Closed -$352K
NNBR icon
2468
NN Inc
NNBR
$312M
– –
-44,033
Closed -$324K
NOC icon
2469
Northrop Grumman
NOC
$78.3B
– –
-5,456
Closed -$1.98M
NOTV
2470
DELISTED
Inotiv
NOTV
– –
-13,587
Closed -$363K
NSP icon
2471
Insperity
NSP
$2.02B
– –
-11,485
Closed -$1.04M
NTAP icon
2472
NetApp
NTAP
$37.7B
– –
-34,409
Closed -$2.81M
NTB icon
2473
Bank of N.T. Butterfield & Son
NTB
$2.3B
– –
-9,684
Closed -$343K
NTES icon
2474
NetEase
NTES
$82.1B
– –
-49,907
Closed -$5.75M
NTR icon
2475
Nutrien
NTR
$35.9B
– –
-11,568
Closed -$701K
97 98
99
100 101

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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.