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 | |
|---|---|---|---|---|---|---|
1276
Hope Bancorp
HOPE
$1.78B
| $303K | 0.01% |
39,962
-118,106
| -75% | -$988K |
|
1277
Tenet Healthcare
THC
$22.4B
| $303K | 0.01% |
+12,356
| New | +$316K |
|
1278
ATN International
ATNI
$477M
| $302K | 0.01% |
+6,019
| New | +$344K |
|
|
BRSL
1279
Brightstar Lottery PLC
BRSL
$2.16B
| $302K | 0.01% |
+27,130
| New | +$291K |
|
|
UNIT
1280
Uniti Group
UNIT
$2.39B
| $302K | 0.01% |
+28,688
| New | +$278K |
|
|
WCN
1281
Waste Connections
WCN
$42.5B
| $302K | 0.01% |
+2,906
| New | +$291K |
|
1282
First Financial Bankshares
FFIN
$4.87B
| $301K | 0.01% |
10,770
-52,170
| -83% | -$1.55M |
|
1283
TripAdvisor
TRIP
$1.19B
| $301K | 0.01% |
15,348
-4,634
| -23% | -$97.3K |
|
1284
Q32 Bio
QTTB
$487M
| $301K | 0.01% |
+1,563
| New | +$350K |
|
|
COWN
1285
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $301K | 0.01% |
+18,523
| New | +$315K |
|
1286
Powell Industries
POWL
$6.89B
| $300K | 0.01% |
37,281
-85,656
| -70% | -$760K |
|
|
EVOP
1287
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $300K | 0.01% |
+12,082
| New | +$304K |
|
1288
Vicor
VICR
$8.76B
| $299K | 0.01% |
+3,841
| New | +$306K |
|
|
VRTU
1289
DELISTED
Virtusa Corporation
VRTU
| $299K | 0.01% |
6,091
-10,555
| -63% | -$419K |
|
1290
Resideo Technologies
REZI
$2.93B
| $298K | 0.01% |
+27,067
| New | +$343K |
|
1291
Liberty Global Class C
LBTYK
$3.58B
| $297K | 0.01% |
+14,463
| New | +$318K |
|
1292
Neogen
NEOG
$2.53B
| $297K | 0.01% |
+7,594
| New | +$291K |
|
1293
Fiverr
FVRR
$337M
| $296K | 0.01% |
2,132
-8,393
| -80% | -$900K |
|
|
MZTI
1294
The Marzetti Company
MZTI
$3.17B
| $296K | 0.01% |
1,657
-11,178
| -87% | -$1.87M |
|
1295
SelectQuote
SLQT
$137M
| $295K | 0.01% |
14,591
-33,630
| -70% | -$700K |
|
|
TSE
1296
DELISTED
Trinseo
TSE
| $295K | 0.01% |
+11,518
| New | +$287K |
|
|
ALE
1297
DELISTED
Allete
ALE
| $294K | 0.01% |
+5,674
| New | +$316K |
|
1298
Evolent Health
EVH
$534M
| $294K | 0.01% |
23,694
+7,329
| +45% | +$86.2K |
|
|
MOMO
1299
Hello Group
MOMO
$841M
| $294K | 0.01% |
21,337
-114,681
| -84% | -$2.09M |
|
1300
Jones Lang LaSalle
JLL
$17.8B
| $293K | 0.01% |
3,068
-6,284
| -67% | -$633K |
|
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.