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 |
iShares Russell 1000 Value ETF
IWD
|
+$48M |
| 2 |
American Electric Power
AEP
|
+$40.9M |
| 3 |
Comcast
CMCSA
|
+$38.2M |
| 4 |
Entergy
ETR
|
+$30.6M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$378M |
| 2 |
Amazon
AMZN
|
+$336M |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Alibaba
BABA
|
+$258M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.92% |
| 2 | Consumer Discretionary | 8.02% |
| 3 | Utilities | 7.46% |
| 4 | Healthcare | 7.42% |
| 5 | Financials | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
EPAM Systems
EPAM
$5.69B
| $2.38M | 0.03% |
6,006
-16,822
| -74% | -$6.16M |
|
502
Kulicke & Soffa
KLIC
$4.49B
| $2.37M | 0.03% |
48,327
+15,083
| +45% | +$654K |
|
503
Steven Madden
SHOO
$3.37B
| $2.37M | 0.03% |
+63,625
| New | +$2.32M |
|
504
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $2.37M | 0.03% |
20,300
-270,858
| -93% | -$31.3M |
|
505
Weyerhaeuser
WY
$17.6B
| $2.37M | 0.03% |
66,438
+55,346
| +499% | +$1.88M |
|
|
506
CALL
Microsoft
MSFT
$3.59T
| $2.36M | 0.03% |
10,000
| – | – |
|
|
507
PUT
Microsoft
MSFT
$3.59T
| $2.36M | 0.03% |
10,000
-1,490,000
| -99% | -$346M |
|
|
MZTI
508
The Marzetti Company
MZTI
$3.06B
| $2.35M | 0.03% |
+13,412
| New | +$2.4M |
|
509
Mercury Systems
MRCY
$5.49B
| $2.35M | 0.03% |
+33,221
| New | +$2.4M |
|
510
Public Storage
PSA
$60.2B
| $2.34M | 0.03% |
+9,492
| New | +$2.21M |
|
|
AJRD
511
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.34M | 0.03% |
+49,840
| New | +$2.53M |
|
|
MGP
512
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $2.34M | 0.03% |
71,715
+52,016
| +264% | +$1.68M |
|
513
Weis Markets
WMK
$1.76B
| $2.34M | 0.03% |
41,374
+21,476
| +108% | +$1.15M |
|
514
Playtika
PLTK
$904M
| $2.33M | 0.03% |
+85,506
| New | +$2.52M |
|
515
Starbucks
SBUX
$122B
| $2.32M | 0.03% |
+21,221
| New | +$2.23M |
|
516
Melco Resorts & Entertainment
MLCO
$2.09B
| $2.31M | 0.03% |
116,297
+43,434
| +60% | +$824K |
|
517
Vishay Intertechnology
VSH
$4.85B
| $2.31M | 0.03% |
96,061
-15,302
| -14% | -$358K |
|
518
Northern Oil and Gas
NOG
$2.91B
| $2.31M | 0.03% |
191,214
+119,965
| +168% | +$1.44M |
|
519
Texas Capital Bancshares
TCBI
$4.27B
| $2.31M | 0.03% |
+32,570
| New | +$2.39M |
|
520
Hilton Grand Vacations
HGV
$3.51B
| $2.29M | 0.03% |
+61,137
| New | +$2.2M |
|
521
iShares MSCI South Korea ETF
EWY
$27.9B
| $2.29M | 0.03% |
+25,500
| New | +$2.32M |
|
522
Insmed
INSM
$27.5B
| $2.28M | 0.03% |
67,008
+3,690
| +6% | +$141K |
|
|
CNR
523
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $2.27M | 0.03% |
161,648
+69,246
| +75% | +$839K |
|
524
Humana
HUM
$45.5B
| $2.27M | 0.03% |
5,406
-3,397
| -39% | -$1.36M |
|
525
W.P. Carey
WPC
$16.2B
| $2.26M | 0.03% |
+32,595
| New | +$2.19M |
|
Similar funds
Michael Gelband's Q1 2021 Portfolio in Review
As of Q1 2021, Michael Gelband held 2,871 positions worth $6.86B, down 33% from $10.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Michael Gelband withdrew a net $3.78B in Q1 2021, closing 811 positions and reducing 524 holdings. Its most notable exit was Alibaba, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Utilities.
Against the trend, Michael Gelband opened a new position in Comcast worth $39.1M.
- Michael Gelband's largest Q1 2021 buy was Comcast: 722,523 shares worth $39.1M.
- Michael Gelband added most to iShares Russell 1000 Value ETF in Q1 2021, an estimated $48M increase.
- Michael Gelband's biggest Q1 2021 reduction was Microsoft, cutting an estimated $378M.
- Michael Gelband fully exited Alibaba in Q1 2021, selling an estimated $258M.
- Michael Gelband's ten largest holdings make up 26% of its $6.86B portfolio in Q1 2021.
- Michael Gelband opened 973 new positions and closed 811 in Q1 2021.
- Michael Gelband's portfolio value fell 33% quarter-over-quarter to $6.86B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2021, filed 17 May 2021.