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
|
+$74.9M |
| 2 |
Aramark
ARMK
|
+$58.3M |
| 3 |
Colgate-Palmolive
CL
|
+$21.7M |
| 4 |
NextEra Energy
NEE
|
+$16.9M |
| 5 |
Coca-Cola
KO
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$114M |
| 2 |
iQIYI
IQ
|
+$19.6M |
| 3 |
AerCap
AER
|
+$18.3M |
| 4 |
Public Service Enterprise Group
PEG
|
+$12.5M |
| 5 |
Howard Hughes
HHH
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 13.39% |
| 2 | Technology | 9.99% |
| 3 | Consumer Discretionary | 6.99% |
| 4 | Industrials | 6.47% |
| 5 | Consumer Staples | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Ascendis Pharma A/S
ASND
$16.6B
| $3.4M | 0.14% |
29,491
-13,463
| -31% | -$1.61M |
|
102
Qualcomm
QCOM
$169B
| $3.37M | 0.13% |
+44,323
| New | +$3.25M |
|
103
CALL
AT&T
T
$173B
| $3.35M | 0.13% |
+132,400
| New | +$3.18M |
|
104
Sea Limited
SE
$72B
| $3.33M | 0.13% |
100,206
-121,679
| -55% | -$3.3M |
|
105
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $3.28M | 0.13% |
+66,600
| New | +$3.24M |
|
106
CALL
Autodesk
ADSK
$53.6B
| $3.26M | 0.13% |
+20,000
| New | +$3.36M |
|
107
Microsoft
MSFT
$3.59T
| $3.26M | 0.13% |
+24,312
| New | +$3.09M |
|
108
Neurocrine Biosciences
NBIX
$15.5B
| $3.19M | 0.13% |
37,839
-14,219
| -27% | -$1.17M |
|
109
CVS Health
CVS
$119B
| $3.17M | 0.13% |
+58,219
| New | +$3.14M |
|
110
CALL
Cognizant
CTSH
$27.9B
| $3.17M | 0.13% |
+50,000
| New | +$3.28M |
|
111
National Fuel Gas
NFG
$7.84B
| $3.16M | 0.13% |
+59,892
| New | +$3.41M |
|
112
NXP Semiconductors
NXPI
$56.9B
| $3.12M | 0.12% |
+31,958
| New | +$3.1M |
|
113
CALL
Dillards
DDS
$9.71B
| $3.11M | 0.12% |
+50,000
| New | +$3.21M |
|
114
iShares Biotechnology ETF
IBB
$10.7B
| $3.11M | 0.12% |
+28,468
| New | +$3.03M |
|
115
Chipotle Mexican Grill
CMG
$46.7B
| $3.07M | 0.12% |
209,600
+186,900
| +823% | +$2.64M |
|
116
Bank of America
BAC
$431B
| $3.04M | 0.12% |
104,954
+25,583
| +32% | +$738K |
|
117
Axalta
AXTA
$7.75B
| $2.98M | 0.12% |
100,032
+80,667
| +417% | +$2.14M |
|
118
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $2.97M | 0.12% |
+67,960
| New | +$2.91M |
|
|
PS
119
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $2.96M | 0.12% |
+97,774
| New | +$3.14M |
|
120
Comcast
CMCSA
$95.3B
| $2.94M | 0.12% |
+69,561
| New | +$2.93M |
|
121
Keurig Dr Pepper
KDP
$43.6B
| $2.82M | 0.11% |
97,688
+60,480
| +163% | +$1.72M |
|
122
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $2.75M | 0.11% |
+50,000
| New | +$2.72M |
|
123
Sony
SONY
$140B
| $2.67M | 0.11% |
+255,085
| New | +$2.5M |
|
124
T-Mobile US
TMUS
$196B
| $2.67M | 0.11% |
+35,948
| New | +$2.67M |
|
125
CACI
CACI
$14.3B
| $2.65M | 0.11% |
12,968
+9,321
| +256% | +$1.84M |
|
Similar funds
Michael Gelband's Q2 2019 Portfolio in Review
As of Q2 2019, Michael Gelband held 1,466 positions worth $2.51B, up 87% from $1.34B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Michael Gelband deployed $1.14B of net new capital in Q2 2019, opening 813 new positions and adding to 130 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
By sector, the portfolio is most concentrated in Utilities at 13% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Altaba Inc, an estimated $114M trimmed.
- Michael Gelband's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
- Michael Gelband added most to Aramark in Q2 2019, an estimated $58.3M increase.
- Michael Gelband's biggest Q2 2019 reduction was Altaba Inc, cutting an estimated $114M.
- Michael Gelband fully exited AerCap in Q2 2019, selling an estimated $18.3M.
- Michael Gelband's ten largest holdings make up 46% of its $2.51B portfolio in Q2 2019.
- Michael Gelband opened 813 new positions and closed 402 in Q2 2019.
- Michael Gelband's portfolio value rose 87% quarter-over-quarter to $2.51B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.