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 | |
|---|---|---|---|---|---|---|
|
ALX
1051
Alexander's
ALX
$1.38B
| $470K | 0.01% |
1,917
+417
| +28% | +$106K |
|
|
SIX
1052
DELISTED
Six Flags Entertainment Corp.
SIX
| $470K | 0.01% |
23,142
-13,325
| -37% | -$274K |
|
1053
Packaging Corp of America
PKG
$22.2B
| $469K | 0.01% |
4,298
-4,733
| -52% | -$484K |
|
1054
Protolabs
PRLB
$1.84B
| $469K | 0.01% |
+3,620
| New | +$476K |
|
1055
Interface
TILE
$2.21B
| $469K | 0.01% |
76,608
-98,770
| -56% | -$737K |
|
1056
Commerce Bancshares
CBSH
$8.41B
| $468K | 0.01% |
11,151
-12,167
| -52% | -$523K |
|
|
APLS
1057
DELISTED
Apellis Pharmaceuticals
APLS
| $466K | 0.01% |
+15,456
| New | +$462K |
|
|
PGTI
1058
DELISTED
PGT, Inc.
PGTI
| $466K | 0.01% |
+26,618
| New | +$467K |
|
1059
KKR & Co
KKR
$96.3B
| $464K | 0.01% |
+13,510
| New | +$473K |
|
1060
GrafTech
EAF
$169M
| $463K | 0.01% |
+6,763
| New | +$472K |
|
|
SDC
1061
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $463K | 0.01% |
+39,622
| New | +$364K |
|
1062
Vodafone
VOD
$36.9B
| $462K | 0.01% |
+34,440
| New | +$520K |
|
|
ELME
1063
Elme Communities
ELME
$149M
| $460K | 0.01% |
+22,846
| New | +$498K |
|
1064
Home BancShares
HOMB
$6.01B
| $457K | 0.01% |
+30,136
| New | +$485K |
|
1065
Bio-Techne
TECH
$11.3B
| $457K | 0.01% |
7,372
-4,592
| -38% | -$299K |
|
1066
AT&T
T
$176B
| $456K | 0.01% |
21,165
-421,416
| -95% | -$9.42M |
|
1067
Keysight
KEYS
$52.9B
| $455K | 0.01% |
4,602
-10,313
| -69% | -$1.01M |
|
|
RP
1068
DELISTED
RealPage, Inc.
RP
| $453K | 0.01% |
7,860
-12,859
| -62% | -$795K |
|
1069
Urban Edge Properties
UE
$2.73B
| $452K | 0.01% |
+46,508
| New | +$495K |
|
1070
Clear Channel Outdoor Holdings
CCO
$1.2B
| $450K | 0.01% |
+449,833
| New | +$483K |
|
1071
LivaNova
LIVN
$4.31B
| $450K | 0.01% |
9,959
-29,717
| -75% | -$1.44M |
|
1072
International Money Express
IMXI
$429M
| $449K | 0.01% |
+31,237
| New | +$477K |
|
1073
NBT Bancorp
NBTB
$2.7B
| $448K | 0.01% |
16,713
-9,755
| -37% | -$289K |
|
1074
Southern Copper
SCCO
$181B
| $447K | 0.01% |
+10,791
| New | +$443K |
|
|
SRCL
1075
DELISTED
Stericycle Inc
SRCL
| $446K | 0.01% |
+7,066
| New | +$434K |
|
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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.