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 | |
|---|---|---|---|---|---|---|
601
Cimpress
CMPR
$2.13B
| $1.33M | 0.03% |
+17,434
| New | +$1.24M |
|
602
Deere & Co
DE
$175B
| $1.33M | 0.03% |
8,470
+526
| +7% | +$76.2K |
|
|
ONC
603
BeOne Medicines Ltd
ONC
$42.4B
| $1.33M | 0.03% |
+7,054
| New | +$1.15M |
|
604
CALL
Adeia
ADEA
$2.89B
| $1.33M | 0.03% |
+340,200
| New | +$1.29M |
|
605
Red Robin
RRGB
$189M
| $1.32M | 0.03% |
+129,747
| New | +$1.63M |
|
|
Y
606
DELISTED
Alleghany Corp
Y
| $1.32M | 0.03% |
2,705
+1,977
| +272% | +$1.02M |
|
607
Bausch Health
BHC
$2.41B
| $1.32M | 0.03% |
+72,295
| New | +$1.27M |
|
608
Marriott Vacations Worldwide
VAC
$3.87B
| $1.3M | 0.03% |
+15,867
| New | +$1.29M |
|
609
Halozyme
HALO
$12.3B
| $1.3M | 0.03% |
+48,563
| New | +$1.1M |
|
610
AutoNation
AN
$6.6B
| $1.3M | 0.03% |
+34,588
| New | +$1.25M |
|
|
HOUS
611
DELISTED
Anywhere Real Estate
HOUS
| $1.3M | 0.03% |
175,056
+163,429
| +1,406% | +$843K |
|
612
Pentair
PNR
$10.3B
| $1.29M | 0.03% |
+33,906
| New | +$1.19M |
|
613
Thor Industries
THO
$4.14B
| $1.29M | 0.03% |
+12,091
| New | +$946K |
|
614
Autohome
ATHM
$2.56B
| $1.28M | 0.03% |
17,006
+12,232
| +256% | +$957K |
|
615
Boot Barn
BOOT
$5.01B
| $1.28M | 0.03% |
+59,575
| New | +$1.17M |
|
616
UnitedHealth
UNH
$350B
| $1.28M | 0.03% |
4,354
-6,450
| -60% | -$1.85M |
|
617
Rio Tinto
RIO
$171B
| $1.28M | 0.03% |
+22,787
| New | +$1.15M |
|
618
RenaissanceRe
RNR
$13.4B
| $1.27M | 0.03% |
7,453
+4,917
| +194% | +$807K |
|
619
Integer Holdings
ITGR
$4.26B
| $1.27M | 0.03% |
+17,370
| New | +$1.26M |
|
620
Equity Lifestyle Properties
ELS
$12.7B
| $1.26M | 0.03% |
+20,243
| New | +$1.24M |
|
|
LNW
621
DELISTED
Light & Wonder
LNW
| $1.26M | 0.03% |
+81,818
| New | +$1.07M |
|
622
Liberty Media Series C
FWONK
$26.3B
| $1.26M | 0.03% |
41,236
+13,313
| +48% | +$395K |
|
623
Nucor
NUE
$55.3B
| $1.26M | 0.03% |
+30,532
| New | +$1.23M |
|
624
Parsons
PSN
$5.24B
| $1.26M | 0.03% |
+34,783
| New | +$1.31M |
|
625
VF Corp
VFC
$5.65B
| $1.26M | 0.03% |
+20,610
| New | +$1.2M |
|
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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.