ExodusPoint Capital Management, LP

Multistrat pod Low signal CIK 1736225
League rank
#8
in Multistrat pod · #2555 overall
Long book
$10.07B
Q1 2026
Positions
1403
Top-10 weight
31%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
67%
of book per quarter

Strategy in plain words

auto-generated from filings

ExodusPoint Capital Management, LP is a multi-strategy platform where dozens of independent teams trade, running a $10.07B US long book across 1403 positions.

The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: TESLA INC, NVIDIA CORP, PENUMBRA INC, PPL CORP, AMEREN CORPORATION.

Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+7.7%
Q3 2024
-0.6%
Q4 2024
-2.8%
Q1 2025
+7.3%
Q2 2025
+7.7%
Q3 2025
+1.6%
Q4 2025
-1.4%
Q1 2026
+13.1%

Sector allocation

Industrials
30%
Technology
20%
Healthcare
12%
Utilities
9%
Financials
9%
Consumer discretionary
4%
Other
4%
Services media
3%

Long book by quarter

$8.09B
Q1 2024
$9.12B
Q2 2024
$9.70B
Q3 2024
$9.63B
Q4 2024
$7.59B
Q1 2025
$8.21B
Q2 2025
$7.14B
Q3 2025
$8.99B
Q4 2025
$10.07B
Q1 2026

What does ExodusPoint Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
TSLA TESLA INCIndustrials4.9M$1.83B18.2%+5868.6%
NVDA NVIDIA CORPTechnology3.4M$600.2M6.0%-16.7%
PEN PENUMBRA INCHealthcare465.2K$152.8M1.5%+2038.9%
PPL PPL CORPUtilities2.6M$101.1M1.0%+40.5%
AEE AMEREN CORPORATIONUtilities831.6K$91.4M0.9%+35.6%
SO SOUTHERN CO/THEUtilities835.0K$80.6M0.8%+44.7%
XEL XCEL ENERGY INCUtilities994.1K$79.0M0.8%+10.7%
EVRG EVERGY INCUtilities959.4K$78.6M0.8%-16.3%
ETR ENTERGY CORPUtilities677.6K$76.1M0.8%+47.1%
AMZN AMAZON.COM INCConsumer discretionary299.4K$62.4M0.6%-55.9%
OGE OGE ENERGY CORPUtilities1.3M$61.9M0.6%-11.7%
OTIS OTIS WORLDWIDE CORPIndustrials766.7K$59.1M0.6%+6.7%
GOOGL ALPHABET INC-CL ATechnology179.8K$51.7M0.5%+19.8%
FPS FORGENT POWER SOLUTIONS-CL AIndustrials1.6M$47.6M0.5%New
CRH CRH PLCIndustrials445.7K$46.8M0.5%New
META META PLATFORMS INC-CLASS ATechnology81.4K$46.6M0.5%New
SNDK SANDISK CORPTechnology72.5K$46.1M0.5%New
NSC NORFOLK SOUTHERN CORPIndustrials160.0K$45.9M0.5%-12.1%
LNT ALLIANT ENERGY CORPUtilities629.7K$45.2M0.4%+9.1%
WBS WEBSTER FINANCIAL CORPFinancials647.2K$44.9M0.4%+217.8%
CVX CHEVRON CORPEnergy215.4K$44.6M0.4%New
DHR DANAHER CORPTechnology226.9K$43.0M0.4%+491.3%
HON HONEYWELL INTERNATIONAL INCIndustrials188.5K$42.6M0.4%+52.8%
AEP AMERICAN ELECTRIC POWERUtilities317.7K$41.6M0.4%+285.7%
WBD WARNER BROS DISCOVERY INCCommunications1.5M$41.4M0.4%+180.6%
ISRG INTUITIVE SURGICAL INCHealthcare89.0K$41.0M0.4%+336.5%
COO COOPER COS INC/THEHealthcare573.2K$41.0M0.4%+261.9%
AAPL APPLE INCTechnology157.4K$40.0M0.4%-85.2%
ASML ASML HOLDING NV-NY REG SHSIndustrials30.2K$39.9M0.4%+458.7%
EA ELECTRONIC ARTS INCTechnology176.4K$36.0M0.4%+83.4%
SR SPIRE INCUtilities376.1K$34.0M0.3%+28.2%
WIX WIX.COM LTDTechnology377.8K$34.0M0.3%+596.4%
JAZZ JAZZ PHARMACEUTICALS PLCHealthcare178.8K$33.8M0.3%+30.0%
NFLX NETFLIX INCServices media349.8K$33.6M0.3%+271.1%
FBIN FORTUNE BRANDS INNOVATIONS IOther809.9K$31.6M0.3%+358.3%
LIVN LIVANOVA PLCHealthcare495.6K$31.5M0.3%+317.4%
ADI ANALOG DEVICES INCTechnology98.6K$31.4M0.3%+60.8%
CMS CMS ENERGY CORPUtilities404.2K$31.4M0.3%-57.7%
AMAT APPLIED MATERIALS INCTechnology87.0K$29.7M0.3%+18.0%
ALGN ALIGN TECHNOLOGY INCHealthcare169.9K$29.1M0.3%+85.7%
BIIB BIOGEN INCHealthcare152.0K$27.9M0.3%New
MSFT MICROSOFT CORPTechnology73.2K$27.1M0.3%+7.6%
SW SMURFIT WESTROCK PLCOther676.3K$27.0M0.3%+5237.3%
CSX CSX CORPIndustrials651.5K$26.7M0.3%+25.4%
VEEV VEEVA SYSTEMS INC-CLASS ATechnology151.8K$26.7M0.3%-1.9%
LYB LYONDELLBASELL INDU-CL AOther320.1K$25.8M0.3%New
DLTR DOLLAR TREE INCConsumer discretionary234.9K$25.7M0.3%+107.5%
CTAS CINTAS CORPOther150.6K$25.5M0.3%+12.3%
NOW SERVICENOW INCTechnology241.5K$25.2M0.3%-15.3%
ON ON SEMICONDUCTORTechnology405.2K$25.1M0.2%-39.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ANEW HOLDINGSMay 15, 202641$196.2M canonicalSEC ↗
Q1 202613F-HRMay 14, 20261454$12.40B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20261473$12.75B canonicalSEC ↗
Q3 202513F-HRNov 14, 20251466$9.79B canonicalSEC ↗
Q2 202513F-HRAug 13, 20251406$11.40B $K fixed canonicalSEC ↗
Q1 202513F-HRMay 14, 20251389$10.11B $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 12, 20251438$14.58B $K fixed canonicalSEC ↗
Q3 202413F-HRNov 12, 20241568$16.42B $K fixed canonicalSEC ↗
Q2 202413F-HRAug 13, 20241461$14.66B $K fixed canonicalSEC ↗
Q1 202413F-HRMay 14, 20241450$13.11B $K fixed canonicalSEC ↗