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 | |
|---|---|---|---|---|---|---|
1001
Emcor
EME
$33.7B
| $390K | 0.01% |
4,515
+915
| +25% | +$80.5K |
|
1002
TD Synnex
SNX
$19.5B
| $390K | 0.01% |
6,054
-13,414
| -69% | -$809K |
|
1003
HDFC Bank
HDB
$121B
| $388K | 0.01% |
+12,230
| New | +$372K |
|
1004
MGP Ingredients
MGPI
$384M
| $387K | 0.01% |
+7,987
| New | +$374K |
|
1005
Vera Bradley
VRA
$90.1M
| $386K | 0.01% |
32,685
-78,590
| -71% | -$871K |
|
|
HAYN
1006
DELISTED
Haynes International, Inc.
HAYN
| $386K | 0.01% |
+10,800
| New | +$390K |
|
1007
Autoliv
ALV
$9.02B
| $385K | 0.01% |
+4,560
| New | +$373K |
|
1008
MKS Inc
MKSI
$18.2B
| $385K | 0.01% |
+3,498
| New | +$366K |
|
1009
New York Times
NYT
$10.9B
| $385K | 0.01% |
11,954
-25,046
| -68% | -$778K |
|
1010
Assured Guaranty
AGO
$3.26B
| $384K | 0.01% |
+7,830
| New | +$374K |
|
|
SAND
1011
DELISTED
Sandstorm Gold
SAND
| $384K | 0.01% |
51,479
+41,305
| +406% | +$269K |
|
1012
Teck Resources
TECK
$34.4B
| $381K | 0.01% |
21,945
-19,927
| -48% | -$325K |
|
|
ERF
1013
DELISTED
Enerplus Corporation
ERF
| $380K | 0.01% |
53,275
+35,985
| +208% | +$235K |
|
1014
Perdoceo Education
PRDO
$2.07B
| $378K | 0.01% |
+20,533
| New | +$334K |
|
1015
Insulet
PODD
$10.1B
| $377K | 0.01% |
2,200
-46,498
| -95% | -$7.75M |
|
1016
Itaú Unibanco
ITUB
$82.9B
| $375K | 0.01% |
+56,347
| New | +$353K |
|
1017
Gran Tierra Energy
GTE
$352M
| $374K | 0.01% |
+28,995
| New | +$316K |
|
|
SOHU
1018
Sohu.com
SOHU
$379M
| $374K | 0.01% |
33,423
+10,982
| +49% | +$115K |
|
1019
Wintrust Financial
WTFC
$10.3B
| $374K | 0.01% |
+5,281
| New | +$352K |
|
|
SNP
1020
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $374K | 0.01% |
6,225
-7,796
| -56% | -$452K |
|
1021
Morningstar
MORN
$8.16B
| $373K | 0.01% |
2,465
-435
| -15% | -$66.8K |
|
1022
CareDx
CDNA
$2.46B
| $372K | 0.01% |
+17,263
| New | +$396K |
|
1023
MSC Industrial Direct
MSM
$6.66B
| $371K | 0.01% |
+4,732
| New | +$350K |
|
|
TRCB
1024
DELISTED
Two River Bancorp
TRCB
| $371K | 0.01% |
+16,559
| New | +$351K |
|
1025
ATI
ATI
$28.6B
| $369K | 0.01% |
17,884
-87,766
| -83% | -$1.9M |
|
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.