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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$78M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$51.4M |
| 3 |
Alibaba
BABA
|
+$48.4M |
| 4 |
PG&E
PCG
|
+$38.2M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$27.8M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$22.4M |
| 3 |
McKesson
MCK
|
+$18.1M |
| 4 |
DraftKings
DKNG
|
+$15.1M |
| 5 |
Mastercard
MA
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.36% |
| 2 | Healthcare | 10.23% |
| 3 | Industrials | 9.8% |
| 4 | Financials | 9.25% |
| 5 | Consumer Discretionary | 7.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
COHR
426
DELISTED
Coherent Inc
COHR
| $2M | 0.05% |
15,236
+13,041
| +594% | +$1.71M |
|
427
Bright Horizons
BFAM
$3.54B
| $1.99M | 0.05% |
17,015
+10,447
| +159% | +$1.19M |
|
|
MZTI
428
The Marzetti Company
MZTI
$3.06B
| $1.99M | 0.05% |
+12,835
| New | +$1.87M |
|
429
Group 1 Automotive
GPI
$3.12B
| $1.98M | 0.05% |
+29,991
| New | +$1.72M |
|
430
SEI Investments
SEIC
$13.1B
| $1.98M | 0.05% |
+35,979
| New | +$1.88M |
|
431
Hanover Insurance
THG
$7.77B
| $1.96M | 0.05% |
+19,382
| New | +$1.9M |
|
|
ICPT
432
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $1.96M | 0.05% |
+40,941
| New | +$3.16M |
|
433
Hershey
HSY
$37.5B
| $1.96M | 0.05% |
15,099
+2,133
| +16% | +$287K |
|
434
Eaton
ETN
$163B
| $1.95M | 0.05% |
22,262
-5,067
| -19% | -$417K |
|
435
iShares MSCI Brazil ETF
EWZ
$8.52B
| $1.94M | 0.05% |
67,536
+64,436
| +2,079% | +$1.69M |
|
436
Kilroy Realty
KRC
$4.25B
| $1.94M | 0.05% |
33,077
+26,065
| +372% | +$1.58M |
|
437
Stratasys
SSYS
$692M
| $1.94M | 0.05% |
+122,271
| New | +$2.07M |
|
|
JWN
438
DELISTED
Nordstrom
JWN
| $1.94M | 0.05% |
+125,024
| New | +$2.2M |
|
439
Morningstar
MORN
$8.1B
| $1.93M | 0.05% |
+13,719
| New | +$1.94M |
|
440
Motorola Solutions
MSI
$79.5B
| $1.93M | 0.05% |
13,750
+5,476
| +66% | +$775K |
|
441
Constellation Brands
STZ
$23.2B
| $1.93M | 0.05% |
11,009
-8,458
| -43% | -$1.41M |
|
|
SAFM
442
DELISTED
Sanderson Farms Inc
SAFM
| $1.92M | 0.05% |
16,583
-15,701
| -49% | -$2.02M |
|
443
Essential Properties Realty Trust
EPRT
$6.67B
| $1.92M | 0.05% |
129,411
+94,402
| +270% | +$1.3M |
|
|
NATI
444
DELISTED
National Instruments Corp
NATI
| $1.92M | 0.05% |
+49,506
| New | +$1.87M |
|
445
Bruker
BRKR
$9.07B
| $1.91M | 0.05% |
47,001
+40,823
| +661% | +$1.61M |
|
446
LivaNova
LIVN
$4.34B
| $1.91M | 0.05% |
+39,676
| New | +$1.99M |
|
447
American Financial Group
AFG
$11.9B
| $1.89M | 0.05% |
29,776
+22,285
| +297% | +$1.44M |
|
448
Fulton Financial
FULT
$4.51B
| $1.89M | 0.05% |
+179,502
| New | +$1.95M |
|
|
ISBC
449
DELISTED
Investors Bancorp, Inc.
ISBC
| $1.88M | 0.05% |
+221,057
| New | +$1.86M |
|
|
PDM
450
Piedmont Realty Trust
PDM
$1.21B
| $1.88M | 0.05% |
+112,859
| New | +$1.88M |
|
Similar funds
Michael Gelband's Q2 2020 Portfolio in Review
As of Q2 2020, Michael Gelband held 2,172 positions worth $3.85B, up 111% from $1.82B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Michael Gelband deployed $1.66B of net new capital in Q2 2020, opening 1,142 new positions and adding to 418 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Amazon, an estimated $27.8M trimmed.
- Michael Gelband's largest Q2 2020 buy was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
- Michael Gelband added most to PG&E in Q2 2020, an estimated $38.2M increase.
- Michael Gelband's biggest Q2 2020 reduction was Amazon, cutting an estimated $27.8M.
- Michael Gelband fully exited McKesson in Q2 2020, selling an estimated $18.1M.
- Michael Gelband's ten largest holdings make up 17% of its $3.85B portfolio in Q2 2020.
- Michael Gelband opened 1,142 new positions and closed 448 in Q2 2020.
- Michael Gelband's portfolio value rose 111% quarter-over-quarter to $3.85B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.