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 | |
|---|---|---|---|---|---|---|
1201
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.81B
| $379K | 0.01% |
+13,600
| New | +$372K |
|
1202
Denali Therapeutics
DNLI
$3.87B
| $378K | 0.01% |
+15,637
| New | +$368K |
|
|
CONN
1203
DELISTED
Conn's Inc.
CONN
| $378K | 0.01% |
37,474
+20,996
| +127% | +$139K |
|
1204
Cars.com
CARS
$662M
| $377K | 0.01% |
+65,535
| New | +$362K |
|
1205
Cerence
CRNC
$342M
| $377K | 0.01% |
9,241
-76,898
| -89% | -$2.21M |
|
1206
Mercado Libre
MELI
$98.8B
| $375K | 0.01% |
380
-299
| -44% | -$224K |
|
1207
Matrix Service
MTRX
$301M
| $374K | 0.01% |
+38,519
| New | +$374K |
|
1208
Steven Madden
SHOO
$3.36B
| $374K | 0.01% |
+15,159
| New | +$355K |
|
1209
iHeartMedia
IHRT
$415M
| $373K | 0.01% |
44,669
-111,967
| -71% | -$872K |
|
1210
PetMed Express
PETS
$37.9M
| $373K | 0.01% |
+10,477
| New | +$364K |
|
|
JMIA
1211
Jumia Technologies
JMIA
$808M
| $371K | 0.01% |
+67,604
| New | +$312K |
|
1212
Marten Transport
MRTN
$1.2B
| $371K | 0.01% |
+22,113
| New | +$347K |
|
|
MYOK
1213
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $371K | 0.01% |
+3,835
| New | +$320K |
|
|
UCTT
1214
Ultra Clean Holdings
UCTT
$3.3B
| $370K | 0.01% |
16,344
+4,276
| +35% | +$81.3K |
|
|
VGR
1215
DELISTED
Vector Group Ltd.
VGR
| $370K | 0.01% |
51,816
-27,819
| -35% | -$213K |
|
1216
Howard Hughes
HHH
$3.99B
| $369K | 0.01% |
7,447
-9,248
| -55% | -$466K |
|
1217
Franco-Nevada
FNV
$52.1B
| $368K | 0.01% |
2,637
-1,442
| -35% | -$192K |
|
|
OPI
1218
DELISTED
Office Properties Income Trust
OPI
| $368K | 0.01% |
14,162
+6,808
| +93% | +$177K |
|
1219
Precision BioSciences
DTIL
$233M
| $367K | 0.01% |
+1,467
| New | +$321K |
|
1220
Primoris Services
PRIM
$4.04B
| $367K | 0.01% |
+20,653
| New | +$326K |
|
|
WBT
1221
DELISTED
Welbilt, Inc.
WBT
| $367K | 0.01% |
+60,230
| New | +$326K |
|
1222
First Merchants
FRME
$2.63B
| $366K | 0.01% |
+13,260
| New | +$354K |
|
1223
Central Pacific Financial
CPF
$972M
| $365K | 0.01% |
+22,756
| New | +$361K |
|
1224
Tradeweb Markets
TW
$22.9B
| $364K | 0.01% |
6,268
-57,235
| -90% | -$3.3M |
|
|
SOLY
1225
DELISTED
Soliton, Inc.
SOLY
| $364K | 0.01% |
+46,822
| New | +$461K |
|
Similar funds
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.