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 |
Aramark
ARMK
|
+$65.8M |
| 2 |
Las Vegas Sands
LVS
|
+$61.9M |
| 3 |
Consolidated Edison
ED
|
+$42.4M |
| 4 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$39.1M |
| 5 |
CMS Energy
CMS
|
+$29.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$68.3M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$41.1M |
| 3 |
Pinnacle West Capital
PNW
|
+$25.6M |
| 4 |
Eversource Energy
ES
|
+$23.6M |
| 5 |
FirstEnergy
FE
|
+$15.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 15.61% |
| 2 | Technology | 12.98% |
| 3 | Industrials | 12.91% |
| 4 | Consumer Discretionary | 9.54% |
| 5 | Financials | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Live Oak Bancshares
LOB
$1.86B
| $458K | 0.02% |
+25,313
| New | +$456K |
|
|
HABT
702
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $458K | 0.02% |
52,437
+25,462
| +94% | +$239K |
|
703
AMERISAFE
AMSF
$485M
| $456K | 0.02% |
+6,896
| New | +$457K |
|
704
Williams-Sonoma
WSM
$27.7B
| $455K | 0.02% |
13,400
-37,198
| -74% | -$1.23M |
|
|
VMW
705
DELISTED
VMware, Inc
VMW
| $454K | 0.02% |
3,028
+1,728
| +133% | +$272K |
|
706
CEVA Inc
CEVA
$765M
| $453K | 0.02% |
+15,160
| New | +$442K |
|
707
BWX Technologies
BWXT
$13.8B
| $452K | 0.02% |
7,900
+1,300
| +20% | +$72.6K |
|
708
DigitalBridge
DBRG
$2.95B
| $452K | 0.02% |
+18,758
| New | +$388K |
|
709
Jazz Pharmaceuticals
JAZZ
$17B
| $448K | 0.02% |
3,497
-713
| -17% | -$95.6K |
|
710
SPX Corp
SPXC
$10.2B
| $448K | 0.02% |
+11,200
| New | +$414K |
|
711
Arbor Realty Trust
ABR
$970M
| $446K | 0.02% |
+34,011
| New | +$425K |
|
|
ZUO
712
DELISTED
Zuora, Inc.
ZUO
| $445K | 0.02% |
+29,600
| New | +$446K |
|
713
Crane NXT
CXT
$2.88B
| $444K | 0.02% |
15,863
+4,373
| +38% | +$122K |
|
714
DXC Technology
DXC
$1.7B
| $443K | 0.02% |
+15,000
| New | +$639K |
|
|
BECN
715
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $442K | 0.02% |
+13,183
| New | +$446K |
|
716
Perrigo
PRGO
$2.01B
| $441K | 0.02% |
7,891
-43,828
| -85% | -$2.23M |
|
717
Mueller Industries
MLI
$14B
| $440K | 0.02% |
+61,340
| New | +$430K |
|
|
WBC
718
DELISTED
WABCO HOLDINGS INC.
WBC
| $440K | 0.02% |
+3,286
| New | +$437K |
|
719
Intercontinental Exchange
ICE
$91.1B
| $439K | 0.02% |
+4,753
| New | +$434K |
|
720
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $439K | 0.02% |
7,735
+2,852
| +58% | +$159K |
|
721
Tenable Holdings
TENB
$3.66B
| $439K | 0.02% |
19,600
+7,217
| +58% | +$183K |
|
|
PSB
722
DELISTED
PS Business Parks, Inc.
PSB
| $436K | 0.02% |
2,399
+276
| +13% | +$48.7K |
|
723
Waterstone Financial
WSBF
$378M
| $435K | 0.02% |
+25,300
| New | +$427K |
|
724
Zurn Elkay Water Solutions
ZWS
$8.15B
| $435K | 0.02% |
+33,397
| New | +$447K |
|
725
CarMax
KMX
$9.13B
| $434K | 0.02% |
+4,934
| New | +$423K |
|
Similar funds
Michael Gelband's Q3 2019 Portfolio in Review
As of Q3 2019, Michael Gelband held 1,809 positions worth $2.86B, up 14% from $2.51B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Michael Gelband deployed $315M of net new capital in Q3 2019, opening 745 new positions and adding to 318 existing holdings. Its largest new stake was iShares MSCI USA Momentum Factor ETF: 324,777 shares worth $38.7M.
By sector, the portfolio is most concentrated in Utilities at 16% of assets, up from 13% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $41.1M trimmed.
- Michael Gelband's largest Q3 2019 buy was iShares MSCI USA Momentum Factor ETF: 324,777 shares worth $38.7M.
- Michael Gelband added most to Aramark in Q3 2019, an estimated $65.8M increase.
- Michael Gelband's biggest Q3 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $41.1M.
- Michael Gelband fully exited Altaba Inc in Q3 2019, selling an estimated $68.3M.
- Michael Gelband's ten largest holdings make up 24% of its $2.86B portfolio in Q3 2019.
- Michael Gelband opened 745 new positions and closed 516 in Q3 2019.
- Michael Gelband's portfolio value rose 14% quarter-over-quarter to $2.86B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.