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 |
iShares Russell 1000 Value ETF
IWD
|
+$48M |
| 2 |
American Electric Power
AEP
|
+$40.9M |
| 3 |
Comcast
CMCSA
|
+$38.2M |
| 4 |
Entergy
ETR
|
+$30.6M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$378M |
| 2 |
Amazon
AMZN
|
+$336M |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Alibaba
BABA
|
+$258M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.92% |
| 2 | Consumer Discretionary | 8.02% |
| 3 | Utilities | 7.46% |
| 4 | Healthcare | 7.42% |
| 5 | Financials | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Arbutus Biopharma
ABUS
$1.03B
| $533K | 0.01% |
160,048
+42,570
| +36% | +$164K |
|
1302
Oramed Pharmaceuticals
ORMP
$200M
| $533K | 0.01% |
+52,486
| New | +$431K |
|
|
TIXT
1303
DELISTED
TELUS International
TIXT
| $532K | 0.01% |
+19,000
| New | +$556K |
|
|
CAI
1304
DELISTED
CAI International, Inc.
CAI
| $532K | 0.01% |
11,679
-1,699
| -13% | -$67.1K |
|
1305
Enterprise Financial Services Corp
EFSC
$2.3B
| $530K | 0.01% |
10,724
+1,012
| +10% | +$42.6K |
|
1306
Empire State Realty Trust
ESRT
$819M
| $530K | 0.01% |
47,638
-86,174
| -64% | -$898K |
|
1307
News Corp Class A
NWSA
$16.6B
| $530K | 0.01% |
20,839
-62,340
| -75% | -$1.4M |
|
1308
Zymeworks
ZYME
$2.06B
| $530K | 0.01% |
16,798
+1,806
| +12% | +$73.4K |
|
|
RPT
1309
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $528K | 0.01% |
+46,232
| New | +$487K |
|
1310
Bank of Hawaii
BOH
$3.03B
| $526K | 0.01% |
+5,877
| New | +$512K |
|
1311
Central Pacific Financial
CPF
$972M
| $525K | 0.01% |
19,695
+2,549
| +15% | +$58.2K |
|
|
FUV
1312
DELISTED
Arcimoto, Inc. Common Stock
FUV
| $523K | 0.01% |
1,975
+846
| +75% | +$337K |
|
1313
Floor & Decor
FND
$5.84B
| $522K | 0.01% |
5,463
-6,395
| -54% | -$623K |
|
|
PDCO
1314
DELISTED
Patterson Companies, Inc.
PDCO
| $520K | 0.01% |
16,264
+8,726
| +116% | +$279K |
|
|
AMED
1315
DELISTED
Amedisys
AMED
| $519K | 0.01% |
+1,961
| New | +$553K |
|
1316
Metallus
MTUS
$776M
| $519K | 0.01% |
+44,201
| New | +$330K |
|
1317
Principal Financial Group
PFG
$24B
| $518K | 0.01% |
8,647
-17,039
| -66% | -$950K |
|
|
SEMR
1318
DELISTED
Semrush
SEMR
| $518K | 0.01% |
+43,500
| New | +$505K |
|
1319
C3.ai
AI
$1.57B
| $517K | 0.01% |
+7,843
| New | +$912K |
|
1320
Piper Sandler
PIPR
$5.29B
| $516K | 0.01% |
18,808
-1,148
| -6% | -$30.4K |
|
1321
Algonquin Power & Utilities
AQN
$4.38B
| $514K | 0.01% |
+32,471
| New | +$536K |
|
|
TEKKU
1322
DELISTED
Tekkorp Digital Acquisition Corp. Unit
TEKKU
| $514K | 0.01% |
50,317
-39,057
| -44% | -$431K |
|
1323
Travelers Companies
TRV
$77.3B
| $513K | 0.01% |
3,411
-213
| -6% | -$31.3K |
|
1324
Willis Towers Watson
WTW
$32.6B
| $513K | 0.01% |
2,241
-8,691
| -80% | -$1.89M |
|
1325
US Bancorp
USB
$97.3B
| $512K | 0.01% |
9,260
-23,903
| -72% | -$1.19M |
|
Similar funds
Michael Gelband's Q1 2021 Portfolio in Review
As of Q1 2021, Michael Gelband held 2,871 positions worth $6.86B, down 33% from $10.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Michael Gelband withdrew a net $3.78B in Q1 2021, closing 811 positions and reducing 524 holdings. Its most notable exit was Alibaba, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Utilities.
Against the trend, Michael Gelband opened a new position in Comcast worth $39.1M.
- Michael Gelband's largest Q1 2021 buy was Comcast: 722,523 shares worth $39.1M.
- Michael Gelband added most to iShares Russell 1000 Value ETF in Q1 2021, an estimated $48M increase.
- Michael Gelband's biggest Q1 2021 reduction was Microsoft, cutting an estimated $378M.
- Michael Gelband fully exited Alibaba in Q1 2021, selling an estimated $258M.
- Michael Gelband's ten largest holdings make up 26% of its $6.86B portfolio in Q1 2021.
- Michael Gelband opened 973 new positions and closed 811 in Q1 2021.
- Michael Gelband's portfolio value fell 33% quarter-over-quarter to $6.86B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2021, filed 17 May 2021.