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
|
+$78M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$51.4M |
| 3 |
Alibaba
BABA
|
+$48.4M |
| 4 |
PG&E
PCG
|
+$38.2M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$27.8M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$22.4M |
| 3 |
McKesson
MCK
|
+$18.1M |
| 4 |
DraftKings
DKNG
|
+$15.1M |
| 5 |
Mastercard
MA
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.36% |
| 2 | Healthcare | 10.23% |
| 3 | Industrials | 9.8% |
| 4 | Financials | 9.25% |
| 5 | Consumer Discretionary | 7.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Wave Life Sciences
WVE
$1.01B
| $487K | 0.01% |
+46,763
| New | +$440K |
|
|
SC
1102
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $487K | 0.01% |
+26,469
| New | +$429K |
|
1103
NMI Holdings
NMIH
$3.42B
| $486K | 0.01% |
+30,249
| New | +$430K |
|
1104
Bloom Energy
BE
$60.1B
| $479K | 0.01% |
43,990
+32,916
| +297% | +$257K |
|
1105
GameStop
GME
$8.09B
| $479K | 0.01% |
+441,780
| New | +$510K |
|
1106
Gates Industrial Corp
GTES
$6.59B
| $477K | 0.01% |
+46,422
| New | +$421K |
|
|
HTLF
1107
DELISTED
Heartland Financial USA, Inc.
HTLF
| $476K | 0.01% |
+14,245
| New | +$445K |
|
1108
American Express
AXP
$228B
| $475K | 0.01% |
4,991
-25,387
| -84% | -$2.34M |
|
1109
Starwood Property Trust
STWD
$6.03B
| $475K | 0.01% |
+31,782
| New | +$428K |
|
1110
Matsons
MATX
$6.66B
| $472K | 0.01% |
+16,203
| New | +$465K |
|
1111
Grid Dynamics Holdings
GDYN
$638M
| $471K | 0.01% |
+68,293
| New | +$560K |
|
1112
Quanta Services
PWR
$92.7B
| $471K | 0.01% |
+11,997
| New | +$428K |
|
1113
Archrock
AROC
$5.38B
| $469K | 0.01% |
+72,207
| New | +$377K |
|
|
DSPG
1114
DELISTED
DSP Group Inc
DSPG
| $469K | 0.01% |
+29,546
| New | +$484K |
|
1115
AGNC Investment
AGNC
$13B
| $468K | 0.01% |
+36,243
| New | +$455K |
|
1116
Camden Property Trust
CPT
$11B
| $467K | 0.01% |
5,117
-7,655
| -60% | -$677K |
|
1117
Old Dominion Freight Line
ODFL
$41.8B
| $467K | 0.01% |
+5,504
| New | +$418K |
|
|
UBA
1118
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $467K | 0.01% |
+39,287
| New | +$506K |
|
1119
American Public Education
APEI
$846M
| $464K | 0.01% |
+15,662
| New | +$438K |
|
1120
Kinross Gold
KGC
$39.1B
| $464K | 0.01% |
+64,266
| New | +$417K |
|
1121
Petrobras Class A
PBR.A
$108B
| $464K | 0.01% |
58,223
+50,618
| +666% | +$355K |
|
1122
W.R. Berkley
WRB
$25.9B
| $462K | 0.01% |
18,146
-60,649
| -77% | -$1.49M |
|
1123
Zebra Technologies
ZBRA
$17.2B
| $461K | 0.01% |
1,803
-470
| -21% | -$110K |
|
1124
Magnolia Oil & Gas
MGY
$6.45B
| $459K | 0.01% |
75,811
+61,136
| +417% | +$334K |
|
|
CMD
1125
DELISTED
Cantel Medical Corporation
CMD
| $459K | 0.01% |
+10,377
| New | +$387K |
|
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Michael Gelband's Q2 2020 Portfolio in Review
As of Q2 2020, Michael Gelband held 2,172 positions worth $3.85B, up 111% from $1.82B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Michael Gelband deployed $1.66B of net new capital in Q2 2020, opening 1,142 new positions and adding to 418 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Amazon, an estimated $27.8M trimmed.
- Michael Gelband's largest Q2 2020 buy was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
- Michael Gelband added most to PG&E in Q2 2020, an estimated $38.2M increase.
- Michael Gelband's biggest Q2 2020 reduction was Amazon, cutting an estimated $27.8M.
- Michael Gelband fully exited McKesson in Q2 2020, selling an estimated $18.1M.
- Michael Gelband's ten largest holdings make up 17% of its $3.85B portfolio in Q2 2020.
- Michael Gelband opened 1,142 new positions and closed 448 in Q2 2020.
- Michael Gelband's portfolio value rose 111% quarter-over-quarter to $3.85B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.