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 | |
|---|---|---|---|---|---|---|
151
Southern Company
SO
$102B
| $2.51M | 0.14% |
46,346
+18,952
| +69% | +$1.2M |
|
152
Vipshop
VIPS
$6.98B
| $2.49M | 0.14% |
159,601
-382,137
| -71% | -$5.43M |
|
|
CONE
153
DELISTED
CyrusOne Inc Common Stock
CONE
| $2.46M | 0.14% |
39,864
+34,760
| +681% | +$2.12M |
|
154
Waste Management
WM
$89.6B
| $2.46M | 0.14% |
+26,573
| New | +$3.05M |
|
155
Schneider National
SNDR
$6.28B
| $2.44M | 0.13% |
+126,294
| New | +$2.62M |
|
156
Keurig Dr Pepper
KDP
$43.6B
| $2.41M | 0.13% |
99,231
-540,040
| -84% | -$14.6M |
|
157
AtriCure
ATRC
$2.49B
| $2.39M | 0.13% |
+71,142
| New | +$2.56M |
|
158
Thermo Fisher Scientific
TMO
$233B
| $2.39M | 0.13% |
8,416
+889
| +12% | +$280K |
|
159
DexCom
DXCM
$34.8B
| $2.37M | 0.13% |
35,180
-9,856
| -22% | -$613K |
|
160
Linde
LIN
$225B
| $2.33M | 0.13% |
+13,443
| New | +$2.65M |
|
161
Evergy
EVRG
$18.7B
| $2.31M | 0.13% |
+41,896
| New | +$2.75M |
|
162
3M
MMM
$92.3B
| $2.26M | 0.12% |
19,830
+11,451
| +137% | +$1.51M |
|
163
Datadog
DDOG
$84.6B
| $2.26M | 0.12% |
62,856
-80,419
| -56% | -$3.31M |
|
164
Stryker
SYK
$126B
| $2.25M | 0.12% |
+13,533
| New | +$2.64M |
|
165
Northrop Grumman
NOC
$78.3B
| $2.24M | 0.12% |
7,413
-5,812
| -44% | -$2.02M |
|
166
Lowe's Companies
LOW
$121B
| $2.17M | 0.12% |
25,217
+16,655
| +195% | +$1.82M |
|
167
Workday
WDAY
$49.4B
| $2.17M | 0.12% |
16,665
+9,549
| +134% | +$1.61M |
|
168
Amphenol
APH
$194B
| $2.16M | 0.12% |
118,672
+70,240
| +145% | +$1.67M |
|
|
BRMK
169
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $2.16M | 0.12% |
286,788
+145,268
| +103% | +$1.6M |
|
170
NetEase
NTES
$82.1B
| $2.15M | 0.12% |
33,445
-33,900
| -50% | -$2.23M |
|
171
Union Pacific
UNP
$183B
| $2.14M | 0.12% |
15,155
+11,318
| +295% | +$1.87M |
|
172
Eaton
ETN
$163B
| $2.12M | 0.12% |
+27,329
| New | +$2.51M |
|
173
Dollar General
DG
$27.2B
| $2.12M | 0.12% |
14,041
-19,265
| -58% | -$2.97M |
|
174
CALL
Keysight
KEYS
$53.8B
| $2.1M | 0.12% |
+25,000
| New | +$2.37M |
|
175
Sysco
SYY
$40.2B
| $2.1M | 0.12% |
+45,914
| New | +$3.18M |
|
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.