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 | |
|---|---|---|---|---|---|---|
|
PBCT
451
DELISTED
People's United Financial Inc
PBCT
| $1.87M | 0.05% |
+161,964
| New | +$1.88M |
|
452
Associated Banc-Corp
ASB
$5.82B
| $1.87M | 0.05% |
+136,456
| New | +$1.86M |
|
453
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $1.86M | 0.05% |
+13,861
| New | +$1.8M |
|
454
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.86M | 0.05% |
+22,742
| New | +$1.83M |
|
|
TMX
455
DELISTED
Terminix Global Holdings, Inc.
TMX
| $1.85M | 0.05% |
51,971
+44,383
| +585% | +$1.37M |
|
456
iShares MSCI United Kingdom ETF
EWU
$3.98B
| $1.85M | 0.05% |
+71,975
| New | +$1.82M |
|
457
Digital Turbine
APPS
$1.32B
| $1.85M | 0.05% |
147,109
+79,493
| +118% | +$555K |
|
458
Caterpillar
CAT
$381B
| $1.84M | 0.05% |
+14,579
| New | +$1.73M |
|
|
DRE
459
DELISTED
Duke Realty Corp.
DRE
| $1.84M | 0.05% |
52,106
+32,212
| +162% | +$1.1M |
|
|
PR
460
Permian Resources
PR
$19.9B
| $1.83M | 0.05% |
2,061,329
+1,957,804
| +1,891% | +$1.72M |
|
461
W.W. Grainger
GWW
$61.8B
| $1.82M | 0.05% |
+5,793
| New | +$1.67M |
|
|
CLDR
462
DELISTED
Cloudera, Inc.
CLDR
| $1.82M | 0.05% |
+143,032
| New | +$1.37M |
|
463
First Financial Bankshares
FFIN
$4.89B
| $1.82M | 0.05% |
+62,940
| New | +$1.77M |
|
464
KLA
KLAC
$240B
| $1.82M | 0.05% |
93,490
+68,520
| +274% | +$1.17M |
|
|
ZGNX
465
DELISTED
Zogenix, Inc.
ZGNX
| $1.81M | 0.05% |
+67,093
| New | +$1.85M |
|
|
NSTG
466
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.8M | 0.05% |
+61,482
| New | +$1.83M |
|
467
La-Z-Boy
LZB
$1.35B
| $1.8M | 0.05% |
+66,430
| New | +$1.6M |
|
|
AJRD
468
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.79M | 0.05% |
+45,295
| New | +$1.89M |
|
469
Aramark
ARMK
$15.8B
| $1.79M | 0.05% |
109,778
+88,290
| +411% | +$1.55M |
|
470
Lazard
LAZ
$4.3B
| $1.78M | 0.05% |
+62,123
| New | +$1.68M |
|
471
Maximus
MMS
$3.05B
| $1.78M | 0.05% |
25,259
+12,819
| +103% | +$862K |
|
472
Gaming and Leisure Properties
GLPI
$12.7B
| $1.78M | 0.05% |
51,365
+31,191
| +155% | +$972K |
|
473
Mid-America Apartment Communities
MAA
$15.2B
| $1.78M | 0.05% |
15,488
+10,778
| +229% | +$1.21M |
|
474
Toro Company
TTC
$9.47B
| $1.78M | 0.05% |
26,768
+18,195
| +212% | +$1.2M |
|
|
GLUU
475
DELISTED
Glu Mobile Inc.
GLUU
| $1.78M | 0.05% |
191,596
+172,027
| +879% | +$1.46M |
|
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.