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 | |
|---|---|---|---|---|---|---|
876
Willis Towers Watson
WTW
$32.6B
| $483K | 0.01% |
2,391
-349
| -13% | -$66.9K |
|
|
TGP
877
DELISTED
Teekay LNG Partners L.P.
TGP
| $483K | 0.01% |
31,072
+17,772
| +134% | +$262K |
|
|
EIM
878
Eaton Vance Municipal Bond Fund
EIM
$494M
| $482K | 0.01% |
+37,449
| New | +$482K |
|
879
Employers Holdings
EIG
$883M
| $482K | 0.01% |
+11,542
| New | +$490K |
|
880
Northwest Bancshares
NWBI
$2.25B
| $482K | 0.01% |
+28,982
| New | +$484K |
|
881
iShares MSCI Thailand ETF
THD
$356M
| $482K | 0.01% |
+5,504
| New | +$483K |
|
882
Herbalife
HLF
$1.32B
| $481K | 0.01% |
+10,098
| New | +$437K |
|
883
ING
ING
$100B
| $480K | 0.01% |
+39,817
| New | +$456K |
|
|
RC
884
Ready Capital
RC
$312M
| $480K | 0.01% |
+31,140
| New | +$490K |
|
885
DHT Holdings
DHT
$3.18B
| $479K | 0.01% |
+57,802
| New | +$428K |
|
886
Halozyme
HALO
$12.3B
| $479K | 0.01% |
+27,032
| New | +$468K |
|
|
NUVA
887
DELISTED
NuVasive, Inc.
NUVA
| $479K | 0.01% |
6,188
-2,703
| -30% | -$191K |
|
|
SDC
888
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $478K | 0.01% |
54,675
+26,399
| +93% | +$264K |
|
|
RDS.B
889
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $477K | 0.01% |
7,951
+6,729
| +551% | +$396K |
|
890
Digital Turbine
APPS
$1.3B
| $476K | 0.01% |
66,700
+28,374
| +74% | +$211K |
|
891
General Mills
GIS
$21.9B
| $476K | 0.01% |
8,893
+93
| +1% | +$4.9K |
|
892
Horace Mann Educators
HMN
$2.07B
| $474K | 0.01% |
10,846
-1,107
| -9% | -$48.9K |
|
893
Upwork
UPWK
$1.07B
| $474K | 0.01% |
44,408
+12,308
| +38% | +$155K |
|
|
AIOT
894
PowerFleet Inc
AIOT
$404M
| $474K | 0.01% |
+72,759
| New | +$438K |
|
|
S
895
DELISTED
Sprint Corporation
S
| $474K | 0.01% |
90,975
+67,275
| +284% | +$394K |
|
896
First United
FUNC
$280M
| $472K | 0.01% |
+19,584
| New | +$464K |
|
|
NESR
897
National Energy Services Reunited Corp
NESR
$3.37B
| $469K | 0.01% |
+51,401
| New | +$397K |
|
898
Radian Group
RDN
$4.86B
| $466K | 0.01% |
18,504
-7,626
| -29% | -$190K |
|
899
Mativ Holdings
MATV
$676M
| $462K | 0.01% |
+10,992
| New | +$457K |
|
900
LiveRamp
RAMP
$2.29B
| $461K | 0.01% |
+9,596
| New | +$431K |
|
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.