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 |
Aramark
ARMK
|
+$65.8M |
| 2 |
Las Vegas Sands
LVS
|
+$61.9M |
| 3 |
Consolidated Edison
ED
|
+$42.4M |
| 4 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$39.1M |
| 5 |
CMS Energy
CMS
|
+$29.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$68.3M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$41.1M |
| 3 |
Pinnacle West Capital
PNW
|
+$25.6M |
| 4 |
Eversource Energy
ES
|
+$23.6M |
| 5 |
FirstEnergy
FE
|
+$15.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 15.61% |
| 2 | Technology | 12.98% |
| 3 | Industrials | 12.91% |
| 4 | Consumer Discretionary | 9.54% |
| 5 | Financials | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
VF Corp
VFC
$5.65B
| $1.46M | 0.05% |
+16,394
| New | +$1.4M |
|
302
Genesco
GCO
$390M
| $1.45M | 0.05% |
36,276
-13,492
| -27% | -$521K |
|
303
TE Connectivity
TEL
$58.9B
| $1.45M | 0.05% |
15,524
+3,938
| +34% | +$362K |
|
304
Sabre
SABR
$848M
| $1.44M | 0.05% |
+64,338
| New | +$1.51M |
|
305
Gaming and Leisure Properties
GLPI
$12.7B
| $1.44M | 0.05% |
+37,652
| New | +$1.45M |
|
306
IQVIA
IQV
$42.8B
| $1.44M | 0.05% |
+9,642
| New | +$1.5M |
|
|
HOLX
307
DELISTED
Hologic
HOLX
| $1.42M | 0.05% |
28,150
+14,932
| +113% | +$735K |
|
308
nVent Electric
NVT
$24.6B
| $1.42M | 0.05% |
64,312
+32,664
| +103% | +$734K |
|
309
Vodafone
VOD
$36.9B
| $1.41M | 0.05% |
+70,652
| New | +$1.28M |
|
310
Urban Outfitters
URBN
$6.36B
| $1.4M | 0.05% |
+49,887
| New | +$1.16M |
|
|
ZEN
311
DELISTED
ZENDESK INC
ZEN
| $1.39M | 0.05% |
19,131
+14,265
| +293% | +$1.18M |
|
312
Occidental Petroleum
OXY
$61.3B
| $1.39M | 0.05% |
+31,252
| New | +$1.48M |
|
|
SNBR
313
DELISTED
Sleep Number
SNBR
| $1.37M | 0.05% |
+33,153
| New | +$1.42M |
|
|
EB
314
DELISTED
Eventbrite
EB
| $1.36M | 0.05% |
+77,037
| New | +$1.35M |
|
315
DaVita
DVA
$11.1B
| $1.36M | 0.05% |
+23,775
| New | +$1.38M |
|
316
Casey's General Stores
CASY
$30.9B
| $1.35M | 0.05% |
+8,401
| New | +$1.38M |
|
317
State Street SPDR S&P Retail ETF
XRT
$491M
| $1.35M | 0.05% |
+31,900
| New | +$1.32M |
|
318
Constellation Brands
STZ
$23.2B
| $1.35M | 0.05% |
6,526
+5,326
| +444% | +$1.07M |
|
319
Ameren
AEE
$29.4B
| $1.35M | 0.05% |
16,887
-144,940
| -90% | -$11.1M |
|
320
PACCAR
PCAR
$69B
| $1.34M | 0.05% |
28,796
+12,173
| +73% | +$555K |
|
|
TCO
321
DELISTED
Taubman Centers Inc.
TCO
| $1.34M | 0.05% |
32,862
+12,478
| +61% | +$508K |
|
322
CoStar Group
CSGP
$13.1B
| $1.33M | 0.05% |
22,470
+6,310
| +39% | +$378K |
|
323
HubSpot
HUBS
$12B
| $1.33M | 0.05% |
8,751
-15,178
| -63% | -$2.73M |
|
324
Canadian Imperial Bank of Commerce
CM
$106B
| $1.32M | 0.05% |
+31,998
| New | +$1.26M |
|
325
National Grid
NGG
$80.2B
| $1.32M | 0.05% |
+27,565
| New | +$1.27M |
|
Similar funds
Michael Gelband's Q3 2019 Portfolio in Review
As of Q3 2019, Michael Gelband held 1,809 positions worth $2.86B, up 14% from $2.51B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Michael Gelband deployed $315M of net new capital in Q3 2019, opening 745 new positions and adding to 318 existing holdings. Its largest new stake was iShares MSCI USA Momentum Factor ETF: 324,777 shares worth $38.7M.
By sector, the portfolio is most concentrated in Utilities at 16% of assets, up from 13% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $41.1M trimmed.
- Michael Gelband's largest Q3 2019 buy was iShares MSCI USA Momentum Factor ETF: 324,777 shares worth $38.7M.
- Michael Gelband added most to Aramark in Q3 2019, an estimated $65.8M increase.
- Michael Gelband's biggest Q3 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $41.1M.
- Michael Gelband fully exited Altaba Inc in Q3 2019, selling an estimated $68.3M.
- Michael Gelband's ten largest holdings make up 24% of its $2.86B portfolio in Q3 2019.
- Michael Gelband opened 745 new positions and closed 516 in Q3 2019.
- Michael Gelband's portfolio value rose 14% quarter-over-quarter to $2.86B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.