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 | |
|---|---|---|---|---|---|---|
1701
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| – | – |
-289,820
| Closed | -$8.9M |
|
1702
Xencor
XNCR
$2.07B
| – | – |
-6,029
| Closed | -$207K |
|
|
XOMA
1703
DELISTED
Xoma
XOMA
| – | – |
-32,910
| Closed | -$898K |
|
1704
XP
XP
$8.53B
| – | – |
-415,238
| Closed | -$16M |
|
1705
Dentsply Sirona
XRAY
$2.18B
| – | – |
-25,400
| Closed | -$1.44M |
|
1706
Xerox
XRX
$381M
| – | – |
-17,567
| Closed | -$648K |
|
1707
Yelp
YELP
$1.27B
| – | – |
-34,650
| Closed | -$1.21M |
|
1708
CALL
Yext
YEXT
$637M
| – | – |
-162,500
| Closed | -$2.34M |
|
1709
Yum! Brands
YUM
$41.8B
| – | – |
-32,560
| Closed | -$3.28M |
|
1710
Zimmer Biomet
ZBH
$19.3B
| – | – |
-15,842
| Closed | -$2.3M |
|
1711
CALL
Zebra Technologies
ZBRA
$17.4B
| – | – |
-8,200
| Closed | -$2.1M |
|
|
ZEPP
1712
Zepp Health
ZEPP
$75.5M
| – | – |
-3,125
| Closed | -$150K |
|
1713
Zai Lab
ZLAB
$2.92B
| – | – |
-238,463
| Closed | -$9.92M |
|
1714
CALL
Zscaler
ZS
$29.4B
| – | – |
-187,600
| Closed | -$8.72M |
|
|
1715
Zscaler
ZS
$29.4B
| – | – |
-5,436
| Closed | -$253K |
|
1716
Zumiez
ZUMZ
$308M
| – | – |
-10,049
| Closed | -$347K |
|
1717
Zurn Elkay Water Solutions
ZWS
$8.13B
| – | – |
-50,793
| Closed | -$798K |
|
1718
Arq
ARQ
$100M
| – | – |
-31,000
| Closed | -$326K |
|
|
DAY
1719
DELISTED
Dayforce
DAY
| – | – |
-4,902
| Closed | -$333K |
|
1720
United Parks & Resorts
PRKS
$2.06B
| – | – |
-16,763
| Closed | -$532K |
|
1721
Astrana Health
ASTH
$1.95B
| – | – |
-16,987
| Closed | -$313K |
|
|
RPT
1722
Rithm Property Trust
RPT
$103M
| – | – |
-1,876
| Closed | -$161K |
|
|
CMBT
1723
CMB.TECH NV
CMBT
$5.24B
| – | – |
-11,239
| Closed | -$141K |
|
|
TXNM
1724
TXNM Energy Inc
TXNM
$5.9B
| – | – |
-337,285
| Closed | -$17.1M |
|
|
NBIS
1725
Nebius Group N.V.
NBIS
$59.6B
| – | – |
-41,523
| Closed | -$1.81M |
|
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.