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 | |
|---|---|---|---|---|---|---|
1176
Four Corners Property Trust
FCPT
$2.8B
| $368K | 0.01% |
+14,369
| New | +$355K |
|
1177
New Mountain Finance
NMFC
$722M
| $368K | 0.01% |
38,465
+27,986
| +267% | +$270K |
|
1178
NRG Energy
NRG
$23.5B
| $368K | 0.01% |
11,981
-160,288
| -93% | -$5.3M |
|
1179
Thor Industries
THO
$4.13B
| $367K | 0.01% |
3,853
-8,238
| -68% | -$853K |
|
1180
Brixmor Property Group
BRX
$9.08B
| $366K | 0.01% |
31,318
-35,054
| -53% | -$423K |
|
1181
Diamondrock Hospitality Co
DRH
$2.61B
| $366K | 0.01% |
+72,277
| New | +$376K |
|
|
SINA
1182
DELISTED
Sina Corp
SINA
| $366K | 0.01% |
+8,595
| New | +$345K |
|
1183
Astrana Health
ASTH
$1.89B
| $365K | 0.01% |
+20,361
| New | +$351K |
|
1184
Chipotle Mexican Grill
CMG
$48.1B
| $364K | 0.01% |
14,650
-10,550
| -42% | -$254K |
|
1185
Pultegroup
PHM
$24.7B
| $363K | 0.01% |
+7,836
| New | +$335K |
|
1186
Ryman Hospitality Properties
RHP
$9.05B
| $362K | 0.01% |
+9,833
| New | +$348K |
|
1187
Revvity
RVTY
$13.7B
| $362K | 0.01% |
2,887
-4,082
| -59% | -$469K |
|
|
AIMC
1188
DELISTED
Altra Industrial Motion Corp
AIMC
| $362K | 0.01% |
+9,800
| New | +$360K |
|
1189
LCI Industries
LCII
$2.54B
| $361K | 0.01% |
3,398
+1,506
| +80% | +$175K |
|
1190
Rocket Companies
RKT
$39.9B
| $361K | 0.01% |
+18,113
| New | +$422K |
|
1191
CACI
CACI
$14.1B
| $360K | 0.01% |
1,687
-6,230
| -79% | -$1.35M |
|
|
GRMN
1192
Garmin
GRMN
$56.2B
| $360K | 0.01% |
3,795
+431
| +13% | +$43.1K |
|
1193
Varonis Systems
VRNS
$4.72B
| $360K | 0.01% |
9,360
-29,157
| -76% | -$1.09M |
|
|
CTEV
1194
Claritev Corp
CTEV
$620M
| $360K | 0.01% |
+878
| New | +$386K |
|
1195
Vanguard Morningstar Small-Cap Growth ETF
VBK
$24.2B
| $359K | 0.01% |
+1,668
| New | +$352K |
|
1196
Invesco QQQ Trust
QQQ
$483B
| $357K | 0.01% |
+1,284
| New | +$348K |
|
|
X
1197
DELISTED
US Steel
X
| $357K | 0.01% |
+48,629
| New | +$368K |
|
1198
Sabre
SABR
$912M
| $356K | 0.01% |
54,751
-137,289
| -71% | -$1.02M |
|
1199
Yum China
YUMC
$16.7B
| $356K | 0.01% |
6,727
-26,272
| -80% | -$1.39M |
|
1200
Alcoa
AA
$13B
| $353K | 0.01% |
+30,352
| New | +$407K |
|
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.