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 | |
|---|---|---|---|---|---|---|
|
VAR
1076
DELISTED
Varian Medical Systems, Inc.
VAR
| $446K | 0.01% |
2,594
-11,351
| -81% | -$1.78M |
|
1077
B&G Foods
BGS
$284M
| $444K | 0.01% |
+15,971
| New | +$447K |
|
|
PAE
1078
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $444K | 0.01% |
52,178
-7,157
| -12% | -$63.8K |
|
|
BPYU
1079
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $443K | 0.01% |
36,189
-21,392
| -37% | -$245K |
|
1080
Invesco Mortgage Capital
IVR
$805M
| $442K | 0.01% |
16,303
+12,247
| +302% | +$378K |
|
1081
LendingTree
TREE
$435M
| $442K | 0.01% |
+1,439
| New | +$457K |
|
1082
Yum! Brands
YUM
$42.9B
| $440K | 0.01% |
4,815
-65,389
| -93% | -$6.03M |
|
1083
Western Alliance Bancorporation
WAL
$8.55B
| $439K | 0.01% |
13,876
+8,446
| +156% | +$301K |
|
|
THBRU
1084
DELISTED
Thunder Bridge Acquisition II, Ltd. Units
THBRU
| $439K | 0.01% |
40,000
+10,000
| +33% | +$109K |
|
1085
Deckers Outdoor
DECK
$12.5B
| $438K | 0.01% |
11,958
-1,314
| -10% | -$45.4K |
|
1086
Equinor
EQNR
$101B
| $438K | 0.01% |
+31,135
| New | +$481K |
|
|
TRIL
1087
DELISTED
Trillium Therapeutics Inc.
TRIL
| $438K | 0.01% |
30,810
-94,990
| -76% | -$947K |
|
|
BLUE
1088
DELISTED
bluebird bio
BLUE
| $437K | 0.01% |
625
-1,119
| -64% | -$873K |
|
1089
Jacobs Solutions
J
$17.7B
| $437K | 0.01% |
5,695
-30,922
| -84% | -$2.26M |
|
|
ARNC
1090
DELISTED
Arconic Corporation
ARNC
| $437K | 0.01% |
+22,948
| New | +$439K |
|
|
CXP
1091
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $437K | 0.01% |
40,076
+2,890
| +8% | +$34.5K |
|
|
CETV
1092
DELISTED
Central European Media Enterprises Ltd
CETV
| $437K | 0.01% |
+104,397
| New | +$425K |
|
1093
Associated Banc-Corp
ASB
$5.84B
| $436K | 0.01% |
34,509
-101,947
| -75% | -$1.35M |
|
1094
WaFd
WAFD
$2.69B
| $436K | 0.01% |
+20,908
| New | +$493K |
|
1095
Emcor
EME
$33.7B
| $434K | 0.01% |
6,403
-9,857
| -61% | -$684K |
|
1096
CNA Financial
CNA
$13.4B
| $433K | 0.01% |
+14,445
| New | +$466K |
|
1097
Asana
ASAN
$2.25B
| $432K | 0.01% |
+15,000
| New | +$432K |
|
1098
Conduent
CNDT
$250M
| $432K | 0.01% |
135,903
-100,412
| -42% | -$298K |
|
1099
SouthState Bank Corp
SSB
$10.4B
| $432K | 0.01% |
8,975
-34,279
| -79% | -$1.77M |
|
1100
Imperial Oil
IMO
$66.2B
| $430K | 0.01% |
+35,963
| New | +$564K |
|
Similar funds
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.