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 |
Microsoft
MSFT
|
+$435M |
| 2 |
Amazon
AMZN
|
+$334M |
| 3 |
Moderna
MRNA
|
+$53.9M |
| 4 |
Linde
LIN
|
+$44.2M |
| 5 |
DTE Energy
DTE
|
+$43.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 1000 Value ETF
IWD
|
+$63.6M |
| 2 |
Comcast
CMCSA
|
+$39.7M |
| 3 |
Evergy
EVRG
|
+$38.5M |
| 4 |
Public Service Enterprise Group
PEG
|
+$38.4M |
| 5 |
Bio-Techne
TECH
|
+$30.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.37% |
| 2 | Consumer Discretionary | 10.36% |
| 3 | Financials | 7.14% |
| 4 | Industrials | 6.8% |
| 5 | Healthcare | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
iShares MSCI Mexico ETF
EWW
$1.86B
| $3.17M | 0.04% |
66,075
-117,300
| -64% | -$5.54M |
|
502
QuantumScape Corp
QS
$3.68B
| $3.17M | 0.04% |
+108,383
| New | +$3.51M |
|
503
Wayfair
W
$13.9B
| $3.15M | 0.03% |
9,992
+1,894
| +23% | +$593K |
|
504
Trane Technologies
TT
$99.8B
| $3.15M | 0.03% |
+17,110
| New | +$3.05M |
|
505
Harley-Davidson
HOG
$2.93B
| $3.15M | 0.03% |
+68,745
| New | +$3.19M |
|
506
Designer Brands
DBI
$292M
| $3.14M | 0.03% |
+189,697
| New | +$3.34M |
|
507
Tractor Supply
TSCO
$18.2B
| $3.13M | 0.03% |
+84,110
| New | +$3.08M |
|
508
Intercontinental Exchange
ICE
$90.5B
| $3.11M | 0.03% |
26,233
-105,145
| -80% | -$12.1M |
|
509
ManpowerGroup
MAN
$2.86B
| $3.1M | 0.03% |
26,035
-29,126
| -53% | -$3.44M |
|
510
Ultragenyx Pharmaceutical
RARE
$2.55B
| $3.05M | 0.03% |
+31,991
| New | +$3.33M |
|
|
PCGU
511
DELISTED
PG&E Corporation
PCGU
| $3.04M | 0.03% |
+30,000
| New | +$3.18M |
|
512
OceanFirst Financial
OCFC
$1.84B
| $3.03M | 0.03% |
+145,217
| New | +$3.25M |
|
|
AUY
513
DELISTED
Yamana Gold, Inc.
AUY
| $3.02M | 0.03% |
716,583
-352,456
| -33% | -$1.71M |
|
514
Tenable Holdings
TENB
$3.79B
| $3.02M | 0.03% |
72,969
-10,406
| -12% | -$422K |
|
|
TSP
515
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
| $3.02M | 0.03% |
+42,332
| New | +$1.82M |
|
516
GrowGeneration
GRWG
$101M
| $3.01M | 0.03% |
62,561
-13,247
| -17% | -$580K |
|
517
Eastman Chemical
EMN
$8.47B
| $3.01M | 0.03% |
25,762
+7,968
| +45% | +$957K |
|
518
SFL Corp
SFL
$1.65B
| $3.01M | 0.03% |
392,963
+227,740
| +138% | +$1.86M |
|
|
MIC
519
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $2.98M | 0.03% |
+77,965
| New | +$2.74M |
|
|
JAMF
520
DELISTED
Jamf
JAMF
| $2.98M | 0.03% |
88,837
+79,912
| +895% | +$2.72M |
|
521
Payoneer
PAYO
$2.41B
| $2.97M | 0.03% |
+286,286
| New | +$3.01M |
|
522
Kratos Defense & Security Solutions
KTOS
$10.7B
| $2.96M | 0.03% |
+103,716
| New | +$2.74M |
|
523
WesBanco
WSBC
$3.92B
| $2.93M | 0.03% |
82,182
+66,753
| +433% | +$2.5M |
|
524
NIO
NIO
$11.6B
| $2.9M | 0.03% |
+54,567
| New | +$2.19M |
|
525
XPO
XPO
$23.2B
| $2.9M | 0.03% |
59,924
+29,694
| +98% | +$1.45M |
|
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Michael Gelband's Q2 2021 Portfolio in Review
As of Q2 2021, Michael Gelband held 3,092 positions worth $9.04B, up 32% from $6.86B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Michael Gelband deployed $1.88B of net new capital in Q2 2021, opening 1,032 new positions and adding to 581 existing holdings. Its largest new stake was Linde: 151,692 shares worth $43.9M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was iShares Russell 1000 Value ETF, an estimated $63.6M trimmed.
- Michael Gelband's largest Q2 2021 buy was Linde: 151,692 shares worth $43.9M.
- Michael Gelband added most to Microsoft in Q2 2021, an estimated $435M increase.
- Michael Gelband's biggest Q2 2021 reduction was iShares Russell 1000 Value ETF, cutting an estimated $63.6M.
- Michael Gelband fully exited Charles River Laboratories in Q2 2021, selling an estimated $27.9M.
- Michael Gelband's ten largest holdings make up 35% of its $9.04B portfolio in Q2 2021.
- Michael Gelband opened 1,032 new positions and closed 820 in Q2 2021.
- Michael Gelband's portfolio value rose 32% quarter-over-quarter to $9.04B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.