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 | |
|---|---|---|---|---|---|---|
401
Natera
NTRA
$47.9B
| $961K | 0.03% |
+29,292
| New | +$866K |
|
402
Northern Trust
NTRS
$33.6B
| $957K | 0.03% |
+10,254
| New | +$942K |
|
403
Hyster-Yale Materials Handling
HY
$622M
| $956K | 0.03% |
+17,472
| New | +$971K |
|
404
Karyopharm Therapeutics
KPTI
$44.5M
| $952K | 0.03% |
6,600
+4,880
| +284% | +$662K |
|
|
NBIS
405
Nebius Group N.V.
NBIS
$59.6B
| $952K | 0.03% |
+27,186
| New | +$1.03M |
|
406
Unum
UNM
$13.9B
| $951K | 0.03% |
+31,989
| New | +$950K |
|
407
American Water Works
AWK
$26.9B
| $950K | 0.03% |
+7,646
| New | +$922K |
|
408
Scorpio Tankers
STNG
$3.93B
| $949K | 0.03% |
+31,881
| New | +$878K |
|
409
Acadia Realty Trust
AKR
$2.89B
| $944K | 0.03% |
33,020
+15,396
| +87% | +$429K |
|
410
Trustmark
TRMK
$2.7B
| $943K | 0.03% |
27,632
+11,724
| +74% | +$395K |
|
|
LBRDK
411
DELISTED
Liberty Broadband Class C
LBRDK
| $941K | 0.03% |
8,986
-10,240
| -53% | -$1.07M |
|
|
ROIC
412
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $941K | 0.03% |
+51,637
| New | +$925K |
|
413
SAP
SAP
$252B
| $931K | 0.03% |
+7,900
| New | +$978K |
|
414
A.O. Smith
AOS
$8.57B
| $930K | 0.03% |
+19,493
| New | +$901K |
|
415
iShares MSCI Mexico ETF
EWW
$1.86B
| $926K | 0.03% |
+21,666
| New | +$905K |
|
|
PGRE
416
DELISTED
Paramount Group
PGRE
| $926K | 0.03% |
+69,328
| New | +$934K |
|
417
EOG Resources
EOG
$80.3B
| $923K | 0.03% |
+12,434
| New | +$1.01M |
|
|
LSXMA
418
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $918K | 0.03% |
+30,559
| New | +$893K |
|
419
PVH
PVH
$3.62B
| $914K | 0.03% |
10,359
-88,059
| -89% | -$7.36M |
|
420
S&P Global
SPGI
$127B
| $906K | 0.03% |
3,700
+2,500
| +208% | +$625K |
|
421
Chubb
CB
$132B
| $905K | 0.03% |
5,608
+2,761
| +97% | +$427K |
|
422
Best Buy
BBY
$18.1B
| $896K | 0.03% |
12,991
+9,837
| +312% | +$686K |
|
423
Pacira BioSciences
PCRX
$983M
| $894K | 0.03% |
23,473
-24,485
| -51% | -$977K |
|
424
Williams Companies
WMB
$86.2B
| $888K | 0.03% |
+36,890
| New | +$930K |
|
425
Eastman Chemical
EMN
$8.47B
| $880K | 0.03% |
+11,919
| New | +$855K |
|
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.