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
|
+$78M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$51.4M |
| 3 |
Alibaba
BABA
|
+$48.4M |
| 4 |
PG&E
PCG
|
+$38.2M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$27.8M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$22.4M |
| 3 |
McKesson
MCK
|
+$18.1M |
| 4 |
DraftKings
DKNG
|
+$15.1M |
| 5 |
Mastercard
MA
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.36% |
| 2 | Healthcare | 10.23% |
| 3 | Industrials | 9.8% |
| 4 | Financials | 9.25% |
| 5 | Consumer Discretionary | 7.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
876
MacroGenics
MGNX
$256M
| $765K | 0.02% |
+27,414
| New | +$476K |
|
877
AGCO
AGCO
$7.71B
| $762K | 0.02% |
+13,734
| New | +$716K |
|
878
Palomar
PLMR
$3.5B
| $761K | 0.02% |
+8,879
| New | +$589K |
|
879
Cable One
CABO
$130M
| $760K | 0.02% |
428
+115
| +37% | +$206K |
|
880
Celldex Therapeutics
CLDX
$3.19B
| $759K | 0.02% |
+58,415
| New | +$259K |
|
881
Builders FirstSource
BLDR
$7.56B
| $757K | 0.02% |
+36,546
| New | +$660K |
|
882
Prosperity Bancshares
PB
$8.74B
| $756K | 0.02% |
+12,727
| New | +$734K |
|
883
Comfort Systems
FIX
$56.7B
| $755K | 0.02% |
+18,532
| New | +$658K |
|
884
Editas Medicine
EDIT
$461M
| $753K | 0.02% |
+25,456
| New | +$665K |
|
885
Atlassian
TEAM
$43.4B
| $751K | 0.02% |
4,164
-16,352
| -80% | -$2.72M |
|
886
Southside Bancshares
SBSI
$956M
| $750K | 0.02% |
+27,057
| New | +$769K |
|
|
RCM
887
DELISTED
R1 RCM Inc. Common Stock
RCM
| $748K | 0.02% |
67,088
+56,859
| +556% | +$585K |
|
888
Minerals Technologies
MTX
$2.24B
| $747K | 0.02% |
+15,908
| New | +$696K |
|
|
CVSA
889
Covista Inc
CVSA
$4.52B
| $743K | 0.02% |
+23,861
| New | +$745K |
|
890
Delta Air Lines
DAL
$54.2B
| $741K | 0.02% |
26,416
-104,406
| -80% | -$2.66M |
|
891
Hess Midstream
HESM
$5.01B
| $739K | 0.02% |
+40,334
| New | +$673K |
|
892
Kimco Realty
KIM
$16.2B
| $738K | 0.02% |
+57,451
| New | +$639K |
|
893
B2Gold
BTG
$7.56B
| $736K | 0.02% |
+129,315
| New | +$648K |
|
894
Energizer
ENR
$1.47B
| $735K | 0.02% |
+15,486
| New | +$633K |
|
895
Asbury Automotive
ABG
$3.79B
| $732K | 0.02% |
+9,465
| New | +$636K |
|
896
United Bankshares
UBSI
$6.51B
| $732K | 0.02% |
26,470
+10,823
| +69% | +$291K |
|
897
CoreCivic
CXW
$3.35B
| $731K | 0.02% |
+78,051
| New | +$890K |
|
898
CGI
GIB
$15.5B
| $730K | 0.02% |
+11,590
| New | +$722K |
|
899
Coherent
COHR
$53.9B
| $728K | 0.02% |
+15,419
| New | +$611K |
|
900
Manhattan Associates
MANH
$12.4B
| $728K | 0.02% |
+7,725
| New | +$575K |
|
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Michael Gelband's Q2 2020 Portfolio in Review
As of Q2 2020, Michael Gelband held 2,172 positions worth $3.85B, up 111% from $1.82B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Michael Gelband deployed $1.66B of net new capital in Q2 2020, opening 1,142 new positions and adding to 418 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Amazon, an estimated $27.8M trimmed.
- Michael Gelband's largest Q2 2020 buy was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
- Michael Gelband added most to PG&E in Q2 2020, an estimated $38.2M increase.
- Michael Gelband's biggest Q2 2020 reduction was Amazon, cutting an estimated $27.8M.
- Michael Gelband fully exited McKesson in Q2 2020, selling an estimated $18.1M.
- Michael Gelband's ten largest holdings make up 17% of its $3.85B portfolio in Q2 2020.
- Michael Gelband opened 1,142 new positions and closed 448 in Q2 2020.
- Michael Gelband's portfolio value rose 111% quarter-over-quarter to $3.85B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.