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 |
SCHW
Charles Schwab
SCHW
|
+$64.4M |
| 2 |
DuPont de Nemours
DD
|
+$35.6M |
| 3 |
Alibaba
BABA
|
+$35.4M |
| 4 |
Apple
AAPL
|
+$34.3M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$28.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$88.3M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$46.6M |
| 3 |
NBIS
Nebius Group N.V.
NBIS
|
+$40.7M |
| 4 |
Comcast
CMCSA
|
+$38.1M |
| 5 |
PG&E
PCG
|
+$31.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.94% |
| 2 | Financials | 10.6% |
| 3 | Healthcare | 8.31% |
| 4 | Industrials | 7.75% |
| 5 | Consumer Discretionary | 7.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Target
TGT
$75.1B
| $3.86M | 0.08% |
24,507
-44,918
| -65% | -$6.16M |
|
227
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $3.84M | 0.08% |
+120,818
| New | +$3.75M |
|
228
iShares MSCI EAFE ETF
EFA
$80B
| $3.82M | 0.08% |
60,000
-158,878
| -73% | -$10.2M |
|
229
PennyMac Financial
PFSI
$3.9B
| $3.81M | 0.08% |
+65,464
| New | +$3.24M |
|
230
PUT
Revvity
RVTY
$13.9B
| $3.77M | 0.08% |
+30,000
| New | +$3.45M |
|
231
QuidelOrtho
QDEL
$1.01B
| $3.75M | 0.07% |
17,114
+10,926
| +177% | +$2.44M |
|
232
TotalEnergies
TTE
$199B
| $3.72M | 0.07% |
108,385
+101,985
| +1,594% | +$3.89M |
|
|
CLDR
233
DELISTED
Cloudera, Inc.
CLDR
| $3.71M | 0.07% |
340,530
+197,498
| +138% | +$2.29M |
|
234
United Parcel Service
UPS
$86.8B
| $3.71M | 0.07% |
+22,238
| New | +$3.24M |
|
235
Zoom
ZM
$31.5B
| $3.7M | 0.07% |
7,880
+1,982
| +34% | +$634K |
|
|
GAP
236
The Gap Inc
GAP
$7.13B
| $3.66M | 0.07% |
+215,150
| New | +$3.21M |
|
237
Natera
NTRA
$47.9B
| $3.66M | 0.07% |
+50,674
| New | +$2.88M |
|
238
Waters Corp
WAT
$40.4B
| $3.66M | 0.07% |
18,687
-914
| -5% | -$190K |
|
|
GBT
239
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $3.62M | 0.07% |
65,587
-36,405
| -36% | -$2.31M |
|
240
Workhorse Group
WKHS
$35.3M
| $3.6M | 0.07% |
47
-20
| -30% | -$1.14M |
|
241
Old Republic International
ORI
$10B
| $3.57M | 0.07% |
242,120
+223,620
| +1,209% | +$3.57M |
|
242
Alcon
ALC
$35.6B
| $3.57M | 0.07% |
+62,656
| New | +$3.69M |
|
243
Reynolds Consumer Products
REYN
$5.37B
| $3.55M | 0.07% |
116,066
-85,220
| -42% | -$2.81M |
|
244
Tyson Foods
TSN
$20.6B
| $3.54M | 0.07% |
+59,544
| New | +$3.67M |
|
245
Dow Inc
DOW
$23.4B
| $3.53M | 0.07% |
+75,047
| New | +$3.37M |
|
246
PUT
Steris
STE
$23.2B
| $3.52M | 0.07% |
+20,000
| New | +$3.2M |
|
247
PUT
iShares Core S&P Small-Cap ETF
IJR
$111B
| $3.51M | 0.07% |
+50,000
| New | +$3.58M |
|
248
Cadence Design Systems
CDNS
$87.9B
| $3.5M | 0.07% |
32,773
+4,437
| +16% | +$467K |
|
249
Boeing
BA
$169B
| $3.48M | 0.07% |
+21,030
| New | +$3.58M |
|
|
IMMU
250
DELISTED
Immunomedics Inc
IMMU
| $3.45M | 0.07% |
40,561
-6,026
| -13% | -$305K |
|
Similar funds
Michael Gelband's Q3 2020 Portfolio in Review
As of Q3 2020, Michael Gelband held 2,471 positions worth $5.02B, up 30% from $3.85B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Michael Gelband deployed $816M of net new capital in Q3 2020, opening 743 new positions and adding to 409 existing holdings. Its largest new stake was State Street Energy Select Sector SPDR ETF: 1,291,886 shares worth $19.3M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, down from 15% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares Russell 2000 ETF, an estimated $46.6M trimmed.
- Michael Gelband's largest Q3 2020 buy was State Street Energy Select Sector SPDR ETF: 1,291,886 shares worth $19.3M.
- Michael Gelband added most to Charles Schwab in Q3 2020, an estimated $64.4M increase.
- Michael Gelband's biggest Q3 2020 reduction was iShares Russell 2000 ETF, cutting an estimated $46.6M.
- Michael Gelband fully exited State Street SPDR S&P 500 ETF Trust in Q3 2020, selling an estimated $88.3M.
- Michael Gelband's ten largest holdings make up 32% of its $5.02B portfolio in Q3 2020.
- Michael Gelband opened 743 new positions and closed 789 in Q3 2020.
- Michael Gelband's portfolio value rose 30% quarter-over-quarter to $5.02B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.