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 |
Amazon
AMZN
|
+$257M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$254M |
| 3 |
Microsoft
MSFT
|
+$247M |
| 4 |
AerCap
AER
|
+$77.8M |
| 5 |
ON Semiconductor
ON
|
+$61.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$76.2M |
| 2 |
Diamondback Energy
FANG
|
+$44.8M |
| 3 |
Exelon
EXC
|
+$41.9M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$38.8M |
| 5 |
American Electric Power
AEP
|
+$38.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.23% |
| 2 | Consumer Discretionary | 11.75% |
| 3 | Industrials | 11.23% |
| 4 | Financials | 8.63% |
| 5 | Healthcare | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $426M | 4.41% |
897,200
+808,200
| +908% | +$371M |
|
|
2
Microsoft
MSFT
$3.59T
| $296M | 3.06% |
878,915
+762,599
| +656% | +$247M |
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $269M | 2.79% |
566,962
+554,272
| +4,368% | +$254M |
|
|
4
Amazon
AMZN
$2.79T
| $250M | 2.59% |
+1,500,500
| New | +$257M |
|
|
5
PUT
Amazon
AMZN
$2.79T
| $250M | 2.59% |
+1,500,000
| New | +$257M |
|
|
6
PUT
Microsoft
MSFT
$3.59T
| $247M | 2.56% |
+735,000
| New | +$238M |
|
7
CoStar Group
CSGP
$13.1B
| $103M | 1.07% |
1,307,031
+514,330
| +65% | +$43.2M |
|
8
AT&T
T
$173B
| $101M | 1.05% |
5,439,985
+1,983,001
| +57% | +$37.1M |
|
|
9
AerCap
AER
$23B
| $82.2M | 0.85% |
+1,256,555
| New | +$77.8M |
|
10
CALL
SPDR Gold Trust
GLD
$152B
| $80.7M | 0.84% |
472,300
+355,900
| +306% | +$59.7M |
|
|
11
PUT
SPDR Gold Trust
GLD
$152B
| $80.7M | 0.84% |
472,300
+355,900
| +306% | +$59.7M |
|
|
12
ON Semiconductor
ON
$28.9B
| $75.9M | 0.79% |
1,117,524
+1,087,578
| +3,632% | +$61.6M |
|
13
Xcel Energy
XEL
$47.7B
| $65.1M | 0.67% |
961,019
+626,072
| +187% | +$40.8M |
|
|
14
CALL
AT&T
T
$173B
| $61.5M | 0.64% |
3,310,000
+1,986,000
| +150% | +$37.1M |
|
15
Blackstone
BX
$108B
| $57.9M | 0.6% |
447,414
+417,815
| +1,412% | +$55.7M |
|
16
DTE Energy
DTE
$28.1B
| $57.2M | 0.59% |
478,136
+38,443
| +9% | +$4.4M |
|
17
Entergy
ETR
$48.8B
| $50.9M | 0.53% |
903,208
+234,360
| +35% | +$12.3M |
|
|
FL
18
CALL
DELISTED
Foot Locker
FL
| $48.4M | 0.5% |
1,108,700
+608,700
| +122% | +$28.9M |
|
19
Public Service Enterprise Group
PEG
$36.2B
| $48.1M | 0.5% |
720,355
+186,370
| +35% | +$11.8M |
|
|
20
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $46.9M | 0.48% |
98,700
+74,700
| +311% | +$34.3M |
|
21
Alphabet (Google) Class A
GOOGL
$4.22T
| $44.1M | 0.46% |
304,580
+95,500
| +46% | +$13.8M |
|
|
22
American Electric Power
AEP
$65.8B
| $43.1M | 0.45% |
484,756
-454,454
| -48% | -$38.3M |
|
|
23
PUT
AT&T
T
$173B
| $43M | 0.45% |
+2,317,000
| New | +$43.3M |
|
24
OGE Energy
OGE
$9.42B
| $41M | 0.42% |
1,068,127
+52,871
| +5% | +$1.85M |
|
|
MRO
25
DELISTED
Marathon Oil Corporation
MRO
| $40.8M | 0.42% |
2,485,894
+856,635
| +53% | +$13.8M |
|
Similar funds
Michael Gelband's Q4 2021 Portfolio in Review
As of Q4 2021, Michael Gelband held 2,843 positions worth $9.67B, up 30% from $7.41B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Michael Gelband deployed $1.95B of net new capital in Q4 2021, opening 810 new positions and adding to 656 existing holdings. Its largest new stake was Amazon: 1,500,500 shares worth $250M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Advanced Micro Devices, an estimated $76.2M trimmed.
- Michael Gelband's largest Q4 2021 buy was Amazon: 1,500,500 shares worth $250M.
- Michael Gelband added most to State Street SPDR S&P 500 ETF Trust in Q4 2021, an estimated $254M increase.
- Michael Gelband's biggest Q4 2021 reduction was Advanced Micro Devices, cutting an estimated $76.2M.
- Michael Gelband fully exited Diamondback Energy in Q4 2021, selling an estimated $44.8M.
- Michael Gelband's ten largest holdings make up 22% of its $9.67B portfolio in Q4 2021.
- Michael Gelband opened 810 new positions and closed 731 in Q4 2021.
- Michael Gelband's portfolio value rose 30% quarter-over-quarter to $9.67B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.