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 | |
|---|---|---|---|---|---|---|
951
AnaptysBio
ANAB
$1.73B
| $646K | 0.02% |
+28,900
| New | +$528K |
|
952
First Citizens BancShares
FCNCA
$24.7B
| $646K | 0.02% |
1,596
+207
| +15% | +$75.8K |
|
953
Paycom
PAYC
$10.3B
| $645K | 0.02% |
2,084
-956
| -31% | -$254K |
|
954
Trex
TREX
$4.82B
| $645K | 0.02% |
+9,924
| New | +$529K |
|
955
Church & Dwight Co
CHD
$24.3B
| $643K | 0.02% |
8,324
+3,738
| +82% | +$272K |
|
956
Koppers
KOP
$867M
| $643K | 0.02% |
+34,114
| New | +$518K |
|
957
Eagle Materials
EXP
$6.27B
| $642K | 0.02% |
+9,148
| New | +$575K |
|
958
Nelnet
NNI
$4.57B
| $642K | 0.02% |
+13,450
| New | +$629K |
|
|
SKX
959
DELISTED
Skechers
SKX
| $641K | 0.02% |
+20,435
| New | +$586K |
|
960
Constellium
CSTM
$3.61B
| $640K | 0.02% |
83,387
-22,665
| -21% | -$165K |
|
961
Tapestry
TPR
$26.4B
| $639K | 0.02% |
+48,081
| New | +$683K |
|
962
Hyster-Yale Materials Handling
HY
$614M
| $638K | 0.02% |
+16,514
| New | +$615K |
|
|
AKCA
963
DELISTED
Akcea Therapeutics Inc
AKCA
| $638K | 0.02% |
+46,536
| New | +$718K |
|
964
Jack in the Box
JACK
$342M
| $637K | 0.02% |
+8,594
| New | +$530K |
|
965
PENN Entertainment
PENN
$2.45B
| $635K | 0.02% |
+20,788
| New | +$476K |
|
|
SYKE
966
DELISTED
SYKES Enterprises Inc
SYKE
| $634K | 0.02% |
+22,905
| New | +$619K |
|
967
Banner Corp
BANR
$2.41B
| $631K | 0.02% |
+16,614
| New | +$591K |
|
968
Axogen
AXGN
$2.65B
| $626K | 0.02% |
+67,794
| New | +$608K |
|
|
FARO
969
DELISTED
Faro Technologies
FARO
| $626K | 0.02% |
+11,672
| New | +$611K |
|
|
CUK
970
DELISTED
Carnival PLC
CUK
| $625K | 0.02% |
+49,650
| New | +$643K |
|
971
RELX
RELX
$63.4B
| $624K | 0.02% |
+26,497
| New | +$606K |
|
972
Xylem
XYL
$26.7B
| $617K | 0.02% |
9,491
+862
| +10% | +$56.9K |
|
973
Insperity
NSP
$1.99B
| $615K | 0.02% |
+9,496
| New | +$475K |
|
974
RH
RH
$2.71B
| $615K | 0.02% |
+2,469
| New | +$447K |
|
|
ZUO
975
DELISTED
Zuora, Inc.
ZUO
| $611K | 0.02% |
47,945
+20,474
| +75% | +$228K |
|
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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.