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 Industrial Select Sector SPDR ETF
XLI
|
+$20.8M |
| 2 |
Comcast
CMCSA
|
+$17.9M |
| 3 |
Mastercard
MA
|
+$17.9M |
| 4 |
McKesson
MCK
|
+$17.6M |
| 5 |
Reynolds Consumer Products
REYN
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$393M |
| 2 |
Entergy
ETR
|
+$96.9M |
| 3 |
CMS Energy
CMS
|
+$81.1M |
| 4 |
Consolidated Edison
ED
|
+$79.6M |
| 5 |
Ameren
AEE
|
+$72.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.65% |
| 2 | Financials | 7.8% |
| 3 | Healthcare | 7.73% |
| 4 | Consumer Discretionary | 6.21% |
| 5 | Consumer Staples | 6.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Global Payments
GPN
$24.7B
| $2.81M | 0.15% |
19,448
-116,189
| -86% | -$21.2M |
|
127
Constellation Brands
STZ
$23.2B
| $2.79M | 0.15% |
19,467
+15,464
| +386% | +$2.73M |
|
128
CALL
Uber
UBER
$161B
| $2.79M | 0.15% |
+100,000
| New | +$3.29M |
|
129
S&P Global
SPGI
$127B
| $2.78M | 0.15% |
11,344
-21,117
| -65% | -$5.79M |
|
130
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $2.75M | 0.15% |
+99,190
| New | +$3.17M |
|
|
HES
131
DELISTED
Hess
HES
| $2.75M | 0.15% |
+82,475
| New | +$4.46M |
|
132
Delek US
DK
$4.38B
| $2.69M | 0.15% |
+170,977
| New | +$4.05M |
|
133
UnitedHealth
UNH
$350B
| $2.69M | 0.15% |
10,804
+9,776
| +951% | +$2.69M |
|
134
CALL
Twilio
TWLO
$34.6B
| $2.68M | 0.15% |
30,000
| – | – |
|
135
Tradeweb Markets
TW
$22.6B
| $2.67M | 0.15% |
63,503
-6,179
| -9% | -$283K |
|
136
CALL
HubSpot
HUBS
$12B
| $2.66M | 0.15% |
20,000
-56,000
| -74% | -$9.3M |
|
137
Insulet
PODD
$10.3B
| $2.66M | 0.15% |
16,032
+13,832
| +629% | +$2.53M |
|
|
XYZ
138
CALL
Block Inc
XYZ
$49.4B
| $2.62M | 0.14% |
+50,000
| New | +$3.42M |
|
139
American Express
AXP
$227B
| $2.6M | 0.14% |
30,378
+14,167
| +87% | +$1.65M |
|
140
DTE Energy
DTE
$28.1B
| $2.59M | 0.14% |
32,021
-321,461
| -91% | -$32.6M |
|
141
Coca-Cola
KO
$392B
| $2.57M | 0.14% |
58,145
-349,510
| -86% | -$18.9M |
|
|
FTSV
142
DELISTED
Forty Seven, Inc. Common Stock
FTSV
| $2.57M | 0.14% |
+26,895
| New | +$1.63M |
|
143
Broadcom
AVGO
$1.75T
| $2.56M | 0.14% |
108,060
-1,150
| -1% | -$32.4K |
|
144
Equinix
EQIX
$105B
| $2.56M | 0.14% |
4,093
-8,466
| -67% | -$5.07M |
|
145
CALL
Alcon
ALC
$35.6B
| $2.55M | 0.14% |
+50,000
| New | +$2.87M |
|
|
SPLK
146
CALL
DELISTED
Splunk Inc
SPLK
| $2.52M | 0.14% |
20,000
+10,000
| +100% | +$1.47M |
|
147
CALL
AtriCure
ATRC
$2.49B
| $2.52M | 0.14% |
+75,000
| New | +$2.7M |
|
148
Neurocrine Biosciences
NBIX
$15.5B
| $2.52M | 0.14% |
+29,089
| New | +$2.85M |
|
149
Cincinnati Financial
CINF
$25.8B
| $2.52M | 0.14% |
33,339
+29,137
| +693% | +$2.9M |
|
150
Air Products & Chemicals
APD
$67.9B
| $2.51M | 0.14% |
12,575
+8,731
| +227% | +$1.99M |
|
Similar funds
Michael Gelband's Q1 2020 Portfolio in Review
As of Q1 2020, Michael Gelband held 1,928 positions worth $1.82B, down 66% from $5.33B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Michael Gelband withdrew a net $2.93B in Q1 2020, closing 898 positions and reducing 384 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $393M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 11% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Michael Gelband opened a new position in Mastercard worth $14.5M.
- Michael Gelband's largest Q1 2020 buy was Mastercard: 60,087 shares worth $14.5M.
- Michael Gelband added most to State Street Industrial Select Sector SPDR ETF in Q1 2020, an estimated $20.8M increase.
- Michael Gelband's biggest Q1 2020 reduction was Entergy, cutting an estimated $96.9M.
- Michael Gelband fully exited State Street SPDR S&P 500 ETF Trust in Q1 2020, selling an estimated $393M.
- Michael Gelband's ten largest holdings make up 32% of its $1.82B portfolio in Q1 2020.
- Michael Gelband opened 442 new positions and closed 898 in Q1 2020.
- Michael Gelband's portfolio value fell 66% quarter-over-quarter to $1.82B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2020, filed 15 May 2020.