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
|
+$74.9M |
| 2 |
Aramark
ARMK
|
+$58.3M |
| 3 |
Colgate-Palmolive
CL
|
+$21.7M |
| 4 |
NextEra Energy
NEE
|
+$16.9M |
| 5 |
Coca-Cola
KO
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$114M |
| 2 |
iQIYI
IQ
|
+$19.6M |
| 3 |
AerCap
AER
|
+$18.3M |
| 4 |
Public Service Enterprise Group
PEG
|
+$12.5M |
| 5 |
Howard Hughes
HHH
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 13.39% |
| 2 | Technology | 9.99% |
| 3 | Consumer Discretionary | 6.99% |
| 4 | Industrials | 6.47% |
| 5 | Consumer Staples | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WRI
776
DELISTED
Weingarten Realty Investors
WRI
| $256K | 0.01% |
+9,336
| New | +$269K |
|
777
M&T Bank
MTB
$34.9B
| $255K | 0.01% |
1,500
-1,088
| -42% | -$180K |
|
|
AVB
778
DELISTED
AvalonBay Communities
AVB
| $254K | 0.01% |
+1,250
| New | +$253K |
|
779
D.R. Horton
DHI
$41.7B
| $254K | 0.01% |
+5,900
| New | +$261K |
|
780
Hilltop Holdings
HTH
$2.22B
| $254K | 0.01% |
+11,938
| New | +$241K |
|
|
CORR
781
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
| $254K | 0.01% |
+6,400
| New | +$249K |
|
782
Barings BDC
BBDC
$989M
| $253K | 0.01% |
+25,700
| New | +$256K |
|
783
National CineMedia
NCMI
$251M
| $253K | 0.01% |
+3,850
| New | +$271K |
|
|
SHOE
784
Shoe Station Group
SHOE
$424M
| $253K | 0.01% |
18,326
-4,560
| -20% | -$70.9K |
|
785
GE Aerospace
GE
$355B
| $252K | 0.01% |
+4,822
| New | +$237K |
|
786
GSK
GSK
$104B
| $252K | 0.01% |
5,040
-10,500
| -68% | -$527K |
|
|
ACIA
787
DELISTED
Acacia Communications Inc
ACIA
| $252K | 0.01% |
+5,352
| New | +$281K |
|
|
GRFS
788
Grifois
GRFS
$5.44B
| $251K | 0.01% |
+11,889
| New | +$227K |
|
|
HAYN
789
DELISTED
Haynes International, Inc.
HAYN
| $251K | 0.01% |
+7,900
| New | +$254K |
|
790
Advance Auto Parts
AAP
$2.63B
| $250K | 0.01% |
+1,625
| New | +$264K |
|
791
Diamondback Energy
FANG
$57.6B
| $250K | 0.01% |
2,298
-1,751
| -43% | -$183K |
|
792
Melco Resorts & Entertainment
MLCO
$2.08B
| $250K | 0.01% |
11,505
-4,598
| -29% | -$104K |
|
793
TransUnion
TRU
$16.3B
| $250K | 0.01% |
+3,400
| New | +$233K |
|
794
Elevance Health
ELV
$87.3B
| $249K | 0.01% |
882
-7,192
| -89% | -$1.96M |
|
|
SEI
795
Solaris Energy Infrastructure
SEI
$3.52B
| $247K | 0.01% |
+16,500
| New | +$274K |
|
796
Campbell Soup
CPB
$7.2B
| $246K | 0.01% |
+6,135
| New | +$241K |
|
797
Power Integrations
POWI
$2.97B
| $245K | 0.01% |
+6,104
| New | +$223K |
|
798
Synopsys
SNPS
$75.5B
| $245K | 0.01% |
+1,900
| New | +$229K |
|
|
ESV
799
DELISTED
Ensco Rowan plc
ESV
| $245K | 0.01% |
+28,746
| New | +$332K |
|
800
ACM Research
ACMR
$5.39B
| $244K | 0.01% |
+46,800
| New | +$271K |
|
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Michael Gelband's Q2 2019 Portfolio in Review
As of Q2 2019, Michael Gelband held 1,466 positions worth $2.51B, up 87% from $1.34B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Michael Gelband deployed $1.14B of net new capital in Q2 2019, opening 813 new positions and adding to 130 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
By sector, the portfolio is most concentrated in Utilities at 13% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Altaba Inc, an estimated $114M trimmed.
- Michael Gelband's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
- Michael Gelband added most to Aramark in Q2 2019, an estimated $58.3M increase.
- Michael Gelband's biggest Q2 2019 reduction was Altaba Inc, cutting an estimated $114M.
- Michael Gelband fully exited AerCap in Q2 2019, selling an estimated $18.3M.
- Michael Gelband's ten largest holdings make up 46% of its $2.51B portfolio in Q2 2019.
- Michael Gelband opened 813 new positions and closed 402 in Q2 2019.
- Michael Gelband's portfolio value rose 87% quarter-over-quarter to $2.51B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.