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 | |
|---|---|---|---|---|---|---|
626
Ubiquiti
UI
$33.8B
| $1.7M | 0.02% |
5,692
+4,936
| +653% | +$1.55M |
|
627
PUT
Live Nation Entertainment
LYV
$42.4B
| $1.69M | 0.02% |
+20,000
| New | +$1.61M |
|
|
TA
628
DELISTED
TravelCenters of America LLC
TA
| $1.69M | 0.02% |
62,416
-22,112
| -26% | -$641K |
|
|
AVID
629
DELISTED
Avid Technology Inc
AVID
| $1.69M | 0.02% |
+80,088
| New | +$1.57M |
|
630
LCI Industries
LCII
$2.48B
| $1.69M | 0.02% |
+12,755
| New | +$1.78M |
|
631
Douglas Emmett
DEI
$1.97B
| $1.69M | 0.02% |
53,680
+6,546
| +14% | +$199K |
|
632
M&T Bank
MTB
$34.7B
| $1.69M | 0.02% |
+11,118
| New | +$1.64M |
|
|
SBNY
633
DELISTED
Signature Bank
SBNY
| $1.68M | 0.02% |
+7,445
| New | +$1.47M |
|
634
Etsy
ETSY
$7.44B
| $1.68M | 0.02% |
+8,339
| New | +$1.75M |
|
635
EnerSys
ENS
$6.84B
| $1.68M | 0.02% |
18,514
+8,702
| +89% | +$797K |
|
|
ONTF
636
DELISTED
ON24
ONTF
| $1.68M | 0.02% |
+34,561
| New | +$2.01M |
|
637
Heartland Express
HTLD
$993M
| $1.68M | 0.02% |
85,607
+36,511
| +74% | +$693K |
|
638
Extreme Networks
EXTR
$3B
| $1.67M | 0.02% |
+191,352
| New | +$1.67M |
|
639
Flowserve
FLS
$10.1B
| $1.67M | 0.02% |
+43,071
| New | +$1.65M |
|
640
Acco Brands
ACCO
$391M
| $1.67M | 0.02% |
197,301
+69,926
| +55% | +$602K |
|
641
Nuvation Bio
NUVB
$2.43B
| $1.66M | 0.02% |
+159,162
| New | +$1.78M |
|
642
Republic Services
RSG
$67.6B
| $1.66M | 0.02% |
16,701
-4,624
| -22% | -$434K |
|
643
BGC Group
BGC
$5.63B
| $1.66M | 0.02% |
+342,932
| New | +$1.46M |
|
644
XPEL
XPEL
$1.42B
| $1.66M | 0.02% |
31,861
+25,511
| +402% | +$1.37M |
|
645
AMN Healthcare
AMN
$1.33B
| $1.65M | 0.02% |
+22,443
| New | +$1.67M |
|
646
BRC Group Holdings
RILY
$286M
| $1.65M | 0.02% |
+29,181
| New | +$1.57M |
|
647
Apollo Global Management
APO
$78.4B
| $1.64M | 0.02% |
+34,942
| New | +$1.7M |
|
648
Patria Investments
PAX
$1.85B
| $1.64M | 0.02% |
+94,335
| New | +$1.81M |
|
|
RDS.A
649
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.64M | 0.02% |
41,843
-61,491
| -60% | -$2.48M |
|
|
CGC
650
Canopy Growth
CGC
$472M
| $1.64M | 0.02% |
5,106
+2,055
| +67% | +$727K |
|
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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.