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 |
ExxonMobil
XOM
|
+$52.3M |
| 2 |
Exelon
EXC
|
+$51.9M |
| 3 |
Linde
LIN
|
+$48.3M |
| 4 |
Advanced Micro Devices
AMD
|
+$41.5M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$39.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$251M |
| 2 |
Microsoft
MSFT
|
+$235M |
| 3 |
Amazon
AMZN
|
+$226M |
| 4 |
CoStar Group
CSGP
|
+$103M |
| 5 |
AerCap
AER
|
+$82.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.96% |
| 2 | Industrials | 12.92% |
| 3 | Consumer Discretionary | 9.79% |
| 4 | Financials | 9.27% |
| 5 | Energy | 7.74% |
| 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
| $196M | 2.48% |
434,300
-462,900
| -52% | -$206M |
|
2
Blackstone
BX
$108B
| $89M | 1.12% |
700,722
+253,308
| +57% | +$30.9M |
|
|
3
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $87.7M | 1.11% |
663,200
+615,700
| +1,296% | +$84.9M |
|
|
4
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $87.7M | 1.11% |
663,200
+615,700
| +1,296% | +$84.9M |
|
5
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $85.2M | 1.08% |
+2,227,600
| New | +$77.2M |
|
6
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $79.9M | 1.01% |
2,500,000
+1,500,000
| +150% | +$52.9M |
|
|
7
ExxonMobil
XOM
$679B
| $72.6M | 0.92% |
878,705
+673,082
| +327% | +$52.3M |
|
8
AT&T
T
$173B
| $70.1M | 0.89% |
3,927,422
-1,512,563
| -28% | -$28M |
|
9
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $67.7M | 0.86% |
1,500,000
+1,400,800
| +1,412% | +$66.1M |
|
10
NiSource
NI
$19.5B
| $66.7M | 0.84% |
2,096,133
+1,281,840
| +157% | +$37.2M |
|
|
11
Exelon
EXC
$45.1B
| $64M | 0.81% |
1,343,254
+1,226,096
| +1,047% | +$51.9M |
|
12
Entergy
ETR
$48.8B
| $63.6M | 0.8% |
1,089,210
+186,002
| +21% | +$10.2M |
|
13
Targa Resources
TRGP
$64.1B
| $54.3M | 0.69% |
719,958
+81,682
| +13% | +$5.16M |
|
14
Consolidated Edison
ED
$39.3B
| $52M | 0.66% |
549,665
+193,992
| +55% | +$16.8M |
|
|
MRO
15
DELISTED
Marathon Oil Corporation
MRO
| $51.9M | 0.66% |
2,068,177
-417,717
| -17% | -$8.97M |
|
|
16
Linde
LIN
$225B
| $49.9M | 0.63% |
+156,289
| New | +$48.3M |
|
17
Public Service Enterprise Group
PEG
$36.2B
| $43.2M | 0.55% |
617,653
-102,702
| -14% | -$6.8M |
|
18
Expedia Group
EXPE
$38.6B
| $41M | 0.52% |
+209,596
| New | +$39.2M |
|
|
19
Advanced Micro Devices
AMD
$773B
| $40.8M | 0.52% |
373,522
+347,509
| +1,336% | +$41.5M |
|
|
20
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $38.6M | 0.49% |
292,400
+288,600
| +7,595% | +$39.8M |
|
21
APA Corp
APA
$15.2B
| $36.8M | 0.47% |
889,716
-328,526
| -27% | -$11.5M |
|
|
CNH
22
CNH Industrial
CNH
$19.1B
| $35.4M | 0.45% |
2,229,691
+772,037
| +53% | +$12M |
|
23
Qualcomm
QCOM
$169B
| $34.2M | 0.43% |
223,830
+192,768
| +621% | +$32.3M |
|
24
Bunge Global
BG
$21.7B
| $33.3M | 0.42% |
300,662
-115,965
| -28% | -$11.9M |
|
25
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $31.4M | 0.4% |
+152,600
| New | +$31.1M |
|
Similar funds
Michael Gelband's Q1 2022 Portfolio in Review
As of Q1 2022, Michael Gelband held 2,902 positions worth $7.91B, down 18% from $9.67B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Michael Gelband withdrew a net $1.37B in Q1 2022, closing 758 positions and reducing 576 holdings. Its most notable exit was CoStar Group, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Michael Gelband opened a new position in Linde worth $49.9M.
- Michael Gelband's largest Q1 2022 buy was Linde: 156,289 shares worth $49.9M.
- Michael Gelband added most to ExxonMobil in Q1 2022, an estimated $52.3M increase.
- Michael Gelband's biggest Q1 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $251M.
- Michael Gelband fully exited CoStar Group in Q1 2022, selling an estimated $103M.
- Michael Gelband's ten largest holdings make up 11% of its $7.91B portfolio in Q1 2022.
- Michael Gelband opened 788 new positions and closed 758 in Q1 2022.
- Michael Gelband's portfolio value fell 18% quarter-over-quarter to $7.91B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2022, filed 13 May 2022.