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 |
AABA
Altaba Inc
AABA
|
+$45.4M |
| 2 |
AerCap
AER
|
+$17.8M |
| 3 |
Lyft
LYFT
|
+$15.7M |
| 4 |
Pinnacle West Capital
PNW
|
+$15.2M |
| 5 |
Alliant Energy
LNT
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$297M |
| 2 |
Dell
DELL
|
+$78.3M |
| 3 |
Amazon
AMZN
|
+$75.9M |
| 4 |
Meta Platforms (Facebook)
META
|
+$59.8M |
| 5 |
Madison Square Garden
MSGS
|
+$38.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.93% |
| 2 | Utilities | 22.31% |
| 3 | Healthcare | 9.15% |
| 4 | Industrials | 6.82% |
| 5 | Communication Services | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Renasant Corp
RNST
$3.79B
| $345K | 0.03% |
+10,187
| New | +$363K |
|
427
IBM
IBM
$222B
| $344K | 0.03% |
+2,553
| New | +$325K |
|
428
Sanofi
SNY
$110B
| $343K | 0.03% |
+7,757
| New | +$332K |
|
429
Broadridge
BR
$20.8B
| $342K | 0.03% |
+3,296
| New | +$331K |
|
|
HAPN
430
Happen Inc
HAPN
$2.13B
| $341K | 0.03% |
+22,040
| New | +$340K |
|
431
Weis Markets
WMK
$1.76B
| $340K | 0.03% |
+8,331
| New | +$392K |
|
432
Goldman Sachs
GS
$303B
| $339K | 0.03% |
+1,764
| New | +$340K |
|
|
PACW
433
DELISTED
PacWest Bancorp
PACW
| $337K | 0.03% |
+8,960
| New | +$347K |
|
|
IBKC
434
DELISTED
IBERIABANK Corp
IBKC
| $337K | 0.03% |
+4,694
| New | +$348K |
|
435
Omnicell
OMCL
$1.62B
| $336K | 0.03% |
+4,159
| New | +$311K |
|
436
FS KKR Capital
FSK
$3.29B
| $334K | 0.02% |
13,807
-4,973
| -26% | -$123K |
|
437
Helmerich & Payne
HP
$4.35B
| $333K | 0.02% |
+5,998
| New | +$327K |
|
438
Lamar Advertising Co
LAMR
$15.3B
| $333K | 0.02% |
+4,206
| New | +$318K |
|
439
Lincoln National
LNC
$8.07B
| $332K | 0.02% |
5,661
-1,394
| -20% | -$82.6K |
|
440
Abercrombie & Fitch
ANF
$4.84B
| $331K | 0.02% |
+12,074
| New | +$271K |
|
441
American Financial Group
AFG
$11.9B
| $329K | 0.02% |
3,419
+812
| +31% | +$77.8K |
|
442
Progressive
PGR
$127B
| $328K | 0.02% |
4,556
-8,402
| -65% | -$576K |
|
|
SNV
443
DELISTED
Synovus
SNV
| $328K | 0.02% |
+9,560
| New | +$351K |
|
|
ACER
444
DELISTED
Acer Therapeutics Inc
ACER
| $328K | 0.02% |
+13,493
| New | +$318K |
|
445
Baidu
BIDU
$31.6B
| $324K | 0.02% |
+1,966
| New | +$329K |
|
446
Chipotle Mexican Grill
CMG
$46.7B
| $322K | 0.02% |
+22,700
| New | +$263K |
|
447
LyondellBasell Industries
LYB
$21.8B
| $322K | 0.02% |
+3,829
| New | +$331K |
|
448
Duluth Holdings
DLTH
$145M
| $321K | 0.02% |
+13,460
| New | +$320K |
|
449
Advanced Micro Devices
AMD
$773B
| $320K | 0.02% |
+12,530
| New | +$284K |
|
450
Denali Therapeutics
DNLI
$3.98B
| $320K | 0.02% |
+13,770
| New | +$288K |
|
Similar funds
Michael Gelband's Q1 2019 Portfolio in Review
As of Q1 2019, Michael Gelband held 816 positions worth $1.34B, down 5.4% from $1.42B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Michael Gelband withdrew a net $220M in Q1 2019, closing 163 positions and reducing 65 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $297M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 17% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Michael Gelband opened a new position in AerCap worth $18.3M.
- Michael Gelband's largest Q1 2019 buy was AerCap: 393,574 shares worth $18.3M.
- Michael Gelband added most to Altaba Inc in Q1 2019, an estimated $45.4M increase.
- Michael Gelband's biggest Q1 2019 reduction was Dell, cutting an estimated $78.3M.
- Michael Gelband fully exited State Street SPDR S&P 500 ETF Trust in Q1 2019, selling an estimated $297M.
- Michael Gelband's ten largest holdings make up 39% of its $1.34B portfolio in Q1 2019.
- Michael Gelband opened 482 new positions and closed 163 in Q1 2019.
- Michael Gelband's portfolio value fell 5.4% quarter-over-quarter to $1.34B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2019, filed 15 May 2019.