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 | |
|---|---|---|---|---|---|---|
|
API
1101
Agora
API
$358M
| $429K | 0.01% |
+9,991
| New | +$465K |
|
1102
Applied Industrial Technologies
AIT
$12.4B
| $428K | 0.01% |
7,773
-7,015
| -47% | -$428K |
|
1103
BRC Group Holdings
RILY
$283M
| $428K | 0.01% |
+17,072
| New | +$429K |
|
1104
Amkor Technology
AMKR
$11.9B
| $427K | 0.01% |
+38,141
| New | +$472K |
|
1105
Chevron
CVX
$398B
| $427K | 0.01% |
5,934
+3,084
| +108% | +$259K |
|
|
UBA
1106
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $425K | 0.01% |
46,191
+6,904
| +18% | +$68.4K |
|
1107
Alarm.com
ALRM
$2.83B
| $424K | 0.01% |
7,669
-7,799
| -50% | -$482K |
|
1108
Broadridge
BR
$21.1B
| $422K | 0.01% |
+3,196
| New | +$427K |
|
1109
FNB Corp
FNB
$6.58B
| $422K | 0.01% |
+62,185
| New | +$456K |
|
1110
Logitech
LOGI
$13.9B
| $420K | 0.01% |
+5,434
| New | +$388K |
|
1111
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $420K | 0.01% |
7,200
-385,142
| -98% | -$21.8M |
|
1112
Global Industrial
GIC
$1.51B
| $419K | 0.01% |
+17,518
| New | +$378K |
|
1113
Pilgrim's Pride
PPC
$7.57B
| $419K | 0.01% |
+27,972
| New | +$447K |
|
|
CMLFU
1114
DELISTED
CM Life Sciences, Inc. Unit
CMLFU
| $419K | 0.01% |
+40,000
| New | +$421K |
|
1115
Warrior Met Coal
HCC
$5.63B
| $415K | 0.01% |
+24,281
| New | +$394K |
|
1116
Bread Financial
BFH
$4.04B
| $414K | 0.01% |
12,371
-27,814
| -69% | -$989K |
|
1117
Standard Motor Products
SMP
$838M
| $413K | 0.01% |
+9,242
| New | +$408K |
|
|
ALBO
1118
DELISTED
Albireo Pharma Inc
ALBO
| $413K | 0.01% |
+12,370
| New | +$360K |
|
1119
Deutsche Bank
DB
$72.2B
| $412K | 0.01% |
49,023
+1,012
| +2% | +$9.48K |
|
1120
Northwest Natural Holdings
NWN
$2.11B
| $412K | 0.01% |
9,086
-1,470
| -14% | -$75K |
|
|
KNL
1121
DELISTED
Knoll, Inc.
KNL
| $411K | 0.01% |
+34,065
| New | +$421K |
|
|
SHOE
1122
Shoe Station Group
SHOE
$424M
| $409K | 0.01% |
+24,376
| New | +$368K |
|
|
TWNK
1123
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $409K | 0.01% |
+33,194
| New | +$417K |
|
1124
Blackbaud
BLKB
$2.18B
| $407K | 0.01% |
+7,287
| New | +$437K |
|
1125
CareTrust REIT
CTRE
$9.37B
| $407K | 0.01% |
22,898
-63,441
| -73% | -$1.15M |
|
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.