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 |
SCHW
Charles Schwab
SCHW
|
+$64.4M |
| 2 |
DuPont de Nemours
DD
|
+$35.6M |
| 3 |
Alibaba
BABA
|
+$35.4M |
| 4 |
Apple
AAPL
|
+$34.3M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$28.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$88.3M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$46.6M |
| 3 |
NBIS
Nebius Group N.V.
NBIS
|
+$40.7M |
| 4 |
Comcast
CMCSA
|
+$38.1M |
| 5 |
PG&E
PCG
|
+$31.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.94% |
| 2 | Financials | 10.6% |
| 3 | Healthcare | 8.31% |
| 4 | Industrials | 7.75% |
| 5 | Consumer Discretionary | 7.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
976
Brown & Brown
BRO
$25B
| $536K | 0.01% |
11,838
-30,570
| -72% | -$1.36M |
|
977
Howmet Aerospace
HWM
$105B
| $536K | 0.01% |
32,049
-153,143
| -83% | -$2.56M |
|
978
XPEL
XPEL
$1.39B
| $536K | 0.01% |
+20,543
| New | +$442K |
|
979
Albertsons Companies
ACI
$6.12B
| $534K | 0.01% |
38,564
-54,680
| -59% | -$798K |
|
980
Chewy
CHWY
$10B
| $534K | 0.01% |
9,747
-81,272
| -89% | -$4.39M |
|
981
iQIYI
IQ
$975M
| $534K | 0.01% |
+23,651
| New | +$518K |
|
|
GTHX
982
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $531K | 0.01% |
45,962
+12,075
| +36% | +$199K |
|
983
Teva Pharmaceuticals
TEVA
$43B
| $530K | 0.01% |
+58,858
| New | +$623K |
|
984
American Water Works
AWK
$27.8B
| $528K | 0.01% |
3,641
-4,991
| -58% | -$707K |
|
|
MANT
985
DELISTED
Mantech International Corp
MANT
| $524K | 0.01% |
+7,609
| New | +$538K |
|
986
Resources Connection
RGP
$147M
| $523K | 0.01% |
45,304
+29,419
| +185% | +$349K |
|
|
FIIIU
987
DELISTED
Forum Merger III Corporation Units
FIIIU
| $522K | 0.01% |
+50,000
| New | +$509K |
|
|
HECCU
988
DELISTED
Hudson Executive Investment Corp. Units
HECCU
| $522K | 0.01% |
50,000
| – | – |
|
989
Encompass Health
EHC
$11.9B
| $520K | 0.01% |
10,055
-38,719
| -79% | -$1.99M |
|
990
SFL Corp
SFL
$1.63B
| $520K | 0.01% |
69,403
-45,682
| -40% | -$400K |
|
991
Eastman Chemical
EMN
$8.31B
| $519K | 0.01% |
+6,639
| New | +$500K |
|
992
Harley-Davidson
HOG
$2.94B
| $519K | 0.01% |
21,147
-43,149
| -67% | -$1.16M |
|
|
ESGR
993
DELISTED
Enstar Group
ESGR
| $517K | 0.01% |
+3,204
| New | +$545K |
|
994
Teradata
TDC
$2.56B
| $517K | 0.01% |
+22,797
| New | +$506K |
|
995
Kymera Therapeutics
KYMR
$10.1B
| $516K | 0.01% |
+15,969
| New | +$487K |
|
996
PPG Industries
PPG
$25.2B
| $515K | 0.01% |
+4,220
| New | +$493K |
|
|
LSXMK
997
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $515K | 0.01% |
20,107
-81,717
| -80% | -$2.21M |
|
|
TBI
998
Trueblue
TBI
$325M
| $514K | 0.01% |
+33,171
| New | +$511K |
|
999
Home Depot
HD
$336B
| $513K | 0.01% |
1,847
-14,046
| -88% | -$3.8M |
|
1000
Nelnet
NNI
$4.57B
| $513K | 0.01% |
8,507
-4,943
| -37% | -$302K |
|
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Michael Gelband's Q3 2020 Portfolio in Review
As of Q3 2020, Michael Gelband held 2,471 positions worth $5.02B, up 30% from $3.85B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Michael Gelband deployed $816M of net new capital in Q3 2020, opening 743 new positions and adding to 409 existing holdings. Its largest new stake was State Street Energy Select Sector SPDR ETF: 1,291,886 shares worth $19.3M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, down from 15% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares Russell 2000 ETF, an estimated $46.6M trimmed.
- Michael Gelband's largest Q3 2020 buy was State Street Energy Select Sector SPDR ETF: 1,291,886 shares worth $19.3M.
- Michael Gelband added most to Charles Schwab in Q3 2020, an estimated $64.4M increase.
- Michael Gelband's biggest Q3 2020 reduction was iShares Russell 2000 ETF, cutting an estimated $46.6M.
- Michael Gelband fully exited State Street SPDR S&P 500 ETF Trust in Q3 2020, selling an estimated $88.3M.
- Michael Gelband's ten largest holdings make up 32% of its $5.02B portfolio in Q3 2020.
- Michael Gelband opened 743 new positions and closed 789 in Q3 2020.
- Michael Gelband's portfolio value rose 30% quarter-over-quarter to $5.02B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.