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% |
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.