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 | |
|---|---|---|---|---|---|---|
|
FBM
326
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $1.32M | 0.05% |
+84,942
| New | +$1.47M |
|
327
CALL
Walt Disney
DIS
$186B
| $1.3M | 0.05% |
+10,000
| New | +$1.38M |
|
328
Johnson Controls International
JCI
$86.7B
| $1.3M | 0.05% |
29,684
+18,384
| +163% | +$778K |
|
329
Murphy Oil
MUR
$5.36B
| $1.3M | 0.05% |
58,848
+44,848
| +320% | +$964K |
|
330
Ascendis Pharma A/S
ASND
$16.6B
| $1.3M | 0.05% |
13,482
-16,009
| -54% | -$1.79M |
|
331
Automatic Data Processing
ADP
$112B
| $1.29M | 0.05% |
+7,964
| New | +$1.32M |
|
332
Compass Minerals
CMP
$1.09B
| $1.28M | 0.04% |
+22,607
| New | +$1.21M |
|
333
Armstrong World Industries
AWI
$7.55B
| $1.26M | 0.04% |
13,073
+1,330
| +11% | +$128K |
|
334
Cirrus Logic
CRUS
$5.78B
| $1.26M | 0.04% |
23,486
+10,359
| +79% | +$529K |
|
|
OPTU
335
Optimum Communications Inc
OPTU
$323M
| $1.25M | 0.04% |
+43,396
| New | +$1.18M |
|
|
DO
336
DELISTED
Diamond Offshore Drilling
DO
| $1.24M | 0.04% |
+223,705
| New | +$1.63M |
|
337
Selective Insurance
SIGI
$5.45B
| $1.24M | 0.04% |
+16,458
| New | +$1.27M |
|
338
Cigna
CI
$73.3B
| $1.23M | 0.04% |
8,076
+6,716
| +494% | +$1.09M |
|
339
iShares MSCI United Kingdom ETF
EWU
$3.98B
| $1.23M | 0.04% |
+39,023
| New | +$1.22M |
|
340
Omnicom Group
OMC
$24B
| $1.22M | 0.04% |
+15,573
| New | +$1.24M |
|
341
UnitedHealth
UNH
$350B
| $1.22M | 0.04% |
5,601
+1,896
| +51% | +$457K |
|
|
HR
342
DELISTED
Healthcare Realty Trust Incorporated
HR
| $1.22M | 0.04% |
+36,301
| New | +$1.19M |
|
343
State Street SPDR S&P Metals & Mining ETF
XME
$4.77B
| $1.21M | 0.04% |
+47,605
| New | +$1.27M |
|
344
Baidu
BIDU
$31.6B
| $1.2M | 0.04% |
+11,692
| New | +$1.26M |
|
345
Fidelity National Financial
FNF
$12.7B
| $1.18M | 0.04% |
27,728
-3,483
| -11% | -$145K |
|
346
Comcast
CMCSA
$95.3B
| $1.18M | 0.04% |
26,200
-43,361
| -62% | -$1.92M |
|
347
National Vision
EYE
$1.41B
| $1.18M | 0.04% |
49,023
-14,177
| -22% | -$413K |
|
348
Booking.com
BKNG
$158B
| $1.18M | 0.04% |
+15,000
| New | +$1.16M |
|
349
SiriusXM
SIRI
$9.67B
| $1.18M | 0.04% |
+18,830
| New | +$1.16M |
|
|
ATSG
350
DELISTED
Air Transport Services Group
ATSG
| $1.18M | 0.04% |
+55,919
| New | +$1.22M |
|
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.