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 |
iShares Russell 1000 Value ETF
IWD
|
+$48M |
| 2 |
American Electric Power
AEP
|
+$40.9M |
| 3 |
Comcast
CMCSA
|
+$38.2M |
| 4 |
Entergy
ETR
|
+$30.6M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$378M |
| 2 |
Amazon
AMZN
|
+$336M |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Alibaba
BABA
|
+$258M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.92% |
| 2 | Consumer Discretionary | 8.02% |
| 3 | Utilities | 7.46% |
| 4 | Healthcare | 7.42% |
| 5 | Financials | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Blue Owl Capital
OBDC
$5.62B
| $870K | 0.01% |
63,183
+37,515
| +146% | +$511K |
|
1002
NMI Holdings
NMIH
$3.42B
| $868K | 0.01% |
36,700
+23,648
| +181% | +$551K |
|
|
ATH
1003
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $868K | 0.01% |
17,218
-58,425
| -77% | -$2.71M |
|
1004
IBM
IBM
$218B
| $864K | 0.01% |
+6,781
| New | +$812K |
|
|
SAIL
1005
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $863K | 0.01% |
17,032
-116,504
| -87% | -$6.55M |
|
1006
Bright Horizons
BFAM
$3.6B
| $862K | 0.01% |
+5,025
| New | +$828K |
|
|
SURF
1007
DELISTED
Surface Oncology, Inc. Common Stock
SURF
| $862K | 0.01% |
110,498
+88,591
| +404% | +$886K |
|
|
KNL
1008
DELISTED
Knoll, Inc.
KNL
| $861K | 0.01% |
52,153
+21,224
| +69% | +$347K |
|
1009
AAR Corp
AIR
$5.42B
| $857K | 0.01% |
+20,575
| New | +$813K |
|
1010
Monolithic Power Systems
MPWR
$63.2B
| $854K | 0.01% |
2,419
-1,134
| -32% | -$413K |
|
1011
Prestige Consumer Healthcare
PBH
$2.46B
| $854K | 0.01% |
+19,369
| New | +$814K |
|
1012
Allstate
ALL
$65.8B
| $853K | 0.01% |
7,420
-5,871
| -44% | -$647K |
|
1013
Alto Ingredients
ALTO
$325M
| $853K | 0.01% |
157,090
+134,779
| +604% | +$892K |
|
1014
AZZ Inc
AZZ
$4.23B
| $853K | 0.01% |
+16,946
| New | +$858K |
|
|
PSTL
1015
Postal Realty Trust
PSTL
$696M
| $844K | 0.01% |
49,145
+16,240
| +49% | +$265K |
|
1016
Centrus Energy
LEU
$3.53B
| $843K | 0.01% |
35,536
-394
| -1% | -$9.44K |
|
1017
Vanguard Information Technology ETF
VGT
$143B
| $842K | 0.01% |
18,800
-17,600
| -48% | -$792K |
|
1018
Sonoco
SON
$5.68B
| $840K | 0.01% |
+13,264
| New | +$809K |
|
1019
ImmunityBio
IBRX
$8.03B
| $838K | 0.01% |
+35,312
| New | +$915K |
|
1020
Independent Bank
INDB
$3.95B
| $838K | 0.01% |
+9,959
| New | +$832K |
|
|
PVG
1021
DELISTED
PRETIUM RESOURCES INC.
PVG
| $837K | 0.01% |
80,676
+32,875
| +69% | +$352K |
|
1022
Biogen
BIIB
$32.2B
| $836K | 0.01% |
2,987
-6,176
| -67% | -$1.67M |
|
|
HZN
1023
DELISTED
Horizon Global Corporation
HZN
| $835K | 0.01% |
80,824
-45,094
| -36% | -$434K |
|
1024
Provident Financial Services
PFS
$3.07B
| $831K | 0.01% |
+37,279
| New | +$762K |
|
1025
Constellium
CSTM
$3.61B
| $830K | 0.01% |
56,449
+31,317
| +125% | +$450K |
|
Similar funds
Michael Gelband's Q1 2021 Portfolio in Review
As of Q1 2021, Michael Gelband held 2,871 positions worth $6.86B, down 33% from $10.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Michael Gelband withdrew a net $3.78B in Q1 2021, closing 811 positions and reducing 524 holdings. Its most notable exit was Alibaba, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Utilities.
Against the trend, Michael Gelband opened a new position in Comcast worth $39.1M.
- Michael Gelband's largest Q1 2021 buy was Comcast: 722,523 shares worth $39.1M.
- Michael Gelband added most to iShares Russell 1000 Value ETF in Q1 2021, an estimated $48M increase.
- Michael Gelband's biggest Q1 2021 reduction was Microsoft, cutting an estimated $378M.
- Michael Gelband fully exited Alibaba in Q1 2021, selling an estimated $258M.
- Michael Gelband's ten largest holdings make up 26% of its $6.86B portfolio in Q1 2021.
- Michael Gelband opened 973 new positions and closed 811 in Q1 2021.
- Michael Gelband's portfolio value fell 33% quarter-over-quarter to $6.86B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2021, filed 17 May 2021.