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 | |
|---|---|---|---|---|---|---|
776
BlueLinx
BXC
$671M
| $1.28M | 0.02% |
32,761
-6,471
| -16% | -$251K |
|
777
Vail Resorts
MTN
$5.48B
| $1.28M | 0.02% |
+4,397
| New | +$1.28M |
|
778
Pool Corp
POOL
$6.89B
| $1.28M | 0.02% |
3,712
+2,214
| +148% | +$771K |
|
779
Varonis Systems
VRNS
$4.62B
| $1.28M | 0.02% |
24,914
+17,750
| +248% | +$1.05M |
|
|
BERY
780
DELISTED
Berry Global Group, Inc.
BERY
| $1.27M | 0.02% |
22,619
-18,743
| -45% | -$973K |
|
|
NVO
781
Novo Nordisk
NVO
$207B
| $1.27M | 0.02% |
37,786
+17,902
| +90% | +$638K |
|
782
DXP Enterprises
DXPE
$2.92B
| $1.27M | 0.02% |
+42,187
| New | +$1.2M |
|
|
ATC
783
DELISTED
Atotech Limited
ATC
| $1.27M | 0.02% |
+62,646
| New | +$1.28M |
|
|
VIEW
784
DELISTED
View, Inc. Class A Common Stock
VIEW
| $1.27M | 0.02% |
+2,853
| New | +$1.77M |
|
785
MetLife
MET
$60.8B
| $1.27M | 0.02% |
20,818
-50,651
| -71% | -$2.8M |
|
786
Veeco
VECO
$2.85B
| $1.27M | 0.02% |
61,026
+48,059
| +371% | +$999K |
|
787
BioMarin Pharmaceuticals
BMRN
$12.7B
| $1.26M | 0.02% |
16,748
-9,706
| -37% | -$793K |
|
788
Pinterest
PINS
$13.1B
| $1.26M | 0.02% |
17,031
-23,315
| -58% | -$1.73M |
|
789
Atlantic Union Bankshares
AUB
$5.94B
| $1.26M | 0.02% |
+32,737
| New | +$1.21M |
|
790
First Bancorp
FBP
$4.38B
| $1.26M | 0.02% |
+111,575
| New | +$1.17M |
|
|
NIU
791
Niu Technologies
NIU
$152M
| $1.25M | 0.02% |
+34,244
| New | +$1.38M |
|
|
AVB
792
DELISTED
AvalonBay Communities
AVB
| $1.25M | 0.02% |
6,793
-30,511
| -82% | -$5.33M |
|
793
MaxLinear
MXL
$5.62B
| $1.25M | 0.02% |
+36,667
| New | +$1.31M |
|
|
DADA
794
DELISTED
Dada Nexus
DADA
| $1.25M | 0.02% |
46,013
+5,296
| +13% | +$201K |
|
795
Ovintiv
OVV
$18.3B
| $1.25M | 0.02% |
52,394
-107,979
| -67% | -$2.31M |
|
|
B
796
DELISTED
Barnes Group Inc.
B
| $1.25M | 0.02% |
+25,183
| New | +$1.32M |
|
797
Cytokinetics
CYTK
$10.6B
| $1.24M | 0.02% |
+53,486
| New | +$1.14M |
|
|
SFT
798
DELISTED
Shift Technologies, Inc. Class A Common Stock
SFT
| $1.24M | 0.02% |
14,896
-5,460
| -27% | -$481K |
|
799
Corteva
CTVA
$56.1B
| $1.24M | 0.02% |
26,531
-33,011
| -55% | -$1.46M |
|
800
T. Rowe Price
TROW
$23.8B
| $1.23M | 0.02% |
7,179
-11,812
| -62% | -$1.94M |
|
Similar funds
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.