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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$74.9M |
| 2 |
Aramark
ARMK
|
+$58.3M |
| 3 |
Colgate-Palmolive
CL
|
+$21.7M |
| 4 |
NextEra Energy
NEE
|
+$16.9M |
| 5 |
Coca-Cola
KO
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$114M |
| 2 |
iQIYI
IQ
|
+$19.6M |
| 3 |
AerCap
AER
|
+$18.3M |
| 4 |
Public Service Enterprise Group
PEG
|
+$12.5M |
| 5 |
Howard Hughes
HHH
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 13.39% |
| 2 | Technology | 9.99% |
| 3 | Consumer Discretionary | 6.99% |
| 4 | Industrials | 6.47% |
| 5 | Consumer Staples | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Kohl's
KSS
$2.06B
| $1.18M | 0.05% |
24,732
+17,468
| +240% | +$1.05M |
|
227
Wolfspeed
WOLF
$1.26B
| $1.17M | 0.05% |
20,884
-5,768
| -22% | -$352K |
|
|
UN
228
DELISTED
Unilever NV New York Registry Shares
UN
| $1.17M | 0.05% |
19,301
-734
| -4% | -$43.9K |
|
229
Charter Communications
CHTR
$18.2B
| $1.17M | 0.05% |
2,953
-6,781
| -70% | -$2.54M |
|
230
TotalEnergies
TTE
$198B
| $1.16M | 0.05% |
20,713
-10,131
| -33% | -$553K |
|
|
FITB
231
Fifth Third Bancorp
FITB
$49.7B
| $1.14M | 0.05% |
+41,001
| New | +$1.12M |
|
232
Armstrong World Industries
AWI
$7.53B
| $1.14M | 0.05% |
+11,743
| New | +$1.05M |
|
233
Sprouts Farmers Market
SFM
$7.85B
| $1.14M | 0.05% |
+60,268
| New | +$1.26M |
|
|
AIV
234
Aimco
AIV
$378M
| $1.12M | 0.04% |
+167,792
| New | +$1.12M |
|
235
NetEase
NTES
$78.9B
| $1.11M | 0.04% |
21,785
+10,740
| +97% | +$570K |
|
236
NVR
NVR
$17B
| $1.11M | 0.04% |
+330
| New | +$1.06M |
|
237
TE Connectivity
TEL
$58.1B
| $1.11M | 0.04% |
11,586
+3,614
| +45% | +$326K |
|
238
Leggett & Platt
LEG
$1.27B
| $1.11M | 0.04% |
28,846
+22,828
| +379% | +$900K |
|
239
PUT
GameStop
GME
$8.08B
| $1.09M | 0.04% |
+800,000
| New | +$1.56M |
|
240
Tesla
TSLA
$1.4T
| $1.09M | 0.04% |
+73,005
| New | +$1.14M |
|
|
GAP
241
The Gap Inc
GAP
$7.27B
| $1.09M | 0.04% |
+60,506
| New | +$1.36M |
|
242
Accenture
ACN
$113B
| $1.07M | 0.04% |
5,800
+3,446
| +146% | +$619K |
|
243
Park Hotels & Resorts
PK
$3.18B
| $1.07M | 0.04% |
+38,892
| New | +$1.17M |
|
244
AGCO
AGCO
$7.61B
| $1.07M | 0.04% |
+13,813
| New | +$985K |
|
245
Rollins
ROL
$18B
| $1.06M | 0.04% |
+44,151
| New | +$1.14M |
|
246
Yum! Brands
YUM
$42.9B
| $1.05M | 0.04% |
9,500
-4,313
| -31% | -$448K |
|
|
VMRK
247
Vivmark Residential
VMRK
$25.3B
| $1.02M | 0.04% |
+13,403
| New | +$1.02M |
|
|
LL
248
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.02M | 0.04% |
+88,000
| New | +$991K |
|
249
Snap
SNAP
$9.22B
| $1.01M | 0.04% |
+70,905
| New | +$867K |
|
250
Extra Space Storage
EXR
$30.8B
| $993K | 0.04% |
+9,362
| New | +$984K |
|
Similar funds
Michael Gelband's Q2 2019 Portfolio in Review
As of Q2 2019, Michael Gelband held 1,466 positions worth $2.51B, up 87% from $1.34B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Michael Gelband deployed $1.14B of net new capital in Q2 2019, opening 813 new positions and adding to 130 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
By sector, the portfolio is most concentrated in Utilities at 13% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Altaba Inc, an estimated $114M trimmed.
- Michael Gelband's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
- Michael Gelband added most to Aramark in Q2 2019, an estimated $58.3M increase.
- Michael Gelband's biggest Q2 2019 reduction was Altaba Inc, cutting an estimated $114M.
- Michael Gelband fully exited AerCap in Q2 2019, selling an estimated $18.3M.
- Michael Gelband's ten largest holdings make up 46% of its $2.51B portfolio in Q2 2019.
- Michael Gelband opened 813 new positions and closed 402 in Q2 2019.
- Michael Gelband's portfolio value rose 87% quarter-over-quarter to $2.51B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.