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
|
+$359M |
| 2 |
Ameren
AEE
|
+$68.9M |
| 3 |
CMS Energy
CMS
|
+$36.8M |
| 4 |
PayPal
PYPL
|
+$35.6M |
| 5 |
Entergy
ETR
|
+$31.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aramark
ARMK
|
+$150M |
| 2 |
Las Vegas Sands
LVS
|
+$62.2M |
| 3 |
American Electric Power
AEP
|
+$36.3M |
| 4 |
Oracle
ORCL
|
+$30.2M |
| 5 |
Apple
AAPL
|
+$27.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 13.47% |
| 2 | Technology | 10.64% |
| 3 | Financials | 6.44% |
| 4 | Consumer Discretionary | 5.14% |
| 5 | Consumer Staples | 4.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRG
701
DELISTED
Franchise Group, Inc.
FRG
| $692K | 0.01% |
+29,825
| New | +$509K |
|
702
Textron
TXT
$14.2B
| $691K | 0.01% |
15,499
+4,373
| +39% | +$203K |
|
703
ScottsMiracle-Gro
SMG
$3.58B
| $686K | 0.01% |
6,463
+545
| +9% | +$55.7K |
|
704
PUT
PagSeguro Digital
PAGS
$2.42B
| $683K | 0.01% |
+20,000
| New | +$720K |
|
705
Quanex
NX
$914M
| $682K | 0.01% |
39,952
+21,599
| +118% | +$406K |
|
706
Carriage Services
CSV
$549M
| $681K | 0.01% |
26,610
-2,117
| -7% | -$51.3K |
|
707
AAR Corp
AIR
$5.47B
| $680K | 0.01% |
15,083
+3,783
| +33% | +$164K |
|
708
Nutrien
NTR
$34.6B
| $680K | 0.01% |
+14,202
| New | +$686K |
|
709
Realty Income
O
$59.3B
| $680K | 0.01% |
9,536
+1,266
| +15% | +$94.3K |
|
710
John Wiley & Sons Class A
WLY
$2.69B
| $677K | 0.01% |
13,947
+547
| +4% | +$25.4K |
|
711
Omega Healthcare
OHI
$14.1B
| $676K | 0.01% |
+15,974
| New | +$676K |
|
712
Old National Bancorp
ONB
$9.81B
| $672K | 0.01% |
36,768
+13,368
| +57% | +$240K |
|
713
Unifirst Corp
UNF
$5.19B
| $668K | 0.01% |
3,307
-2,394
| -42% | -$486K |
|
714
GATX Corp
GATX
$6.33B
| $667K | 0.01% |
8,047
+4,673
| +139% | +$376K |
|
|
STAY
715
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $667K | 0.01% |
+44,917
| New | +$654K |
|
716
Aflac
AFL
$58.4B
| $665K | 0.01% |
+12,574
| New | +$667K |
|
|
TWO
717
Two Harbors Investment
TWO
$1.28B
| $664K | 0.01% |
+11,357
| New | +$644K |
|
718
InterDigital
IDCC
$8.83B
| $663K | 0.01% |
12,162
+2,804
| +30% | +$155K |
|
719
Phreesia
PHR
$716M
| $663K | 0.01% |
+24,888
| New | +$688K |
|
720
KraneShares Bosera MSCI China A 50 Connect Index ETF
KBA
$144M
| $662K | 0.01% |
20,292
-18,287
| -47% | -$571K |
|
721
National Fuel Gas
NFG
$7.78B
| $661K | 0.01% |
14,194
-340
| -2% | -$15.5K |
|
722
Cal-Maine
CALM
$3.93B
| $660K | 0.01% |
15,441
-1,659
| -10% | -$69.1K |
|
723
Pan American Silver
PAAS
$22.2B
| $656K | 0.01% |
27,695
-150,710
| -84% | -$2.79M |
|
724
Bilibili
BILI
$6.97B
| $655K | 0.01% |
35,191
-257,888
| -88% | -$4.19M |
|
725
First Interstate BancSystem
FIBK
$3.52B
| $655K | 0.01% |
+15,624
| New | +$655K |
|
Similar funds
Michael Gelband's Q4 2019 Portfolio in Review
As of Q4 2019, Michael Gelband held 2,083 positions worth $5.33B, up 86% from $2.86B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Michael Gelband deployed $2.23B of net new capital in Q4 2019, opening 789 new positions and adding to 411 existing holdings. Its largest new stake was PayPal: 341,834 shares worth $37M.
By sector, the portfolio is most concentrated in Utilities at 13% of assets, down from 16% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Aramark, an estimated $150M trimmed.
- Michael Gelband's largest Q4 2019 buy was PayPal: 341,834 shares worth $37M.
- Michael Gelband added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $359M increase.
- Michael Gelband's biggest Q4 2019 reduction was Aramark, cutting an estimated $150M.
- Michael Gelband fully exited Las Vegas Sands in Q4 2019, selling an estimated $62.2M.
- Michael Gelband's ten largest holdings make up 42% of its $5.33B portfolio in Q4 2019.
- Michael Gelband opened 789 new positions and closed 597 in Q4 2019.
- Michael Gelband's portfolio value rose 86% quarter-over-quarter to $5.33B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.