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 | |
|---|---|---|---|---|---|---|
151
Northrop Grumman
NOC
$78.3B
| $5.94M | 0.12% |
18,830
+8,230
| +78% | +$2.68M |
|
152
Twilio
TWLO
$34.6B
| $5.91M | 0.12% |
+23,909
| New | +$5.89M |
|
153
CALL
Marathon Petroleum
MPC
$101B
| $5.89M | 0.12% |
+200,000
| New | +$7.03M |
|
154
Euronet Worldwide
EEFT
$2.62B
| $5.81M | 0.12% |
63,756
-28,571
| -31% | -$2.79M |
|
|
DOYU
155
DouYu International Holdings
DOYU
$132M
| $5.77M | 0.12% |
43,699
+42,062
| +2,569% | +$6.03M |
|
156
Clarivate
CLVT
$1.33B
| $5.7M | 0.11% |
183,855
+16,390
| +10% | +$444K |
|
157
Alphabet (Google) Class A
GOOGL
$4.22T
| $5.68M | 0.11% |
77,580
+60,480
| +354% | +$4.61M |
|
158
PayPal
PYPL
$52.7B
| $5.65M | 0.11% |
28,687
+1,185
| +4% | +$223K |
|
|
TGNA
159
CALL
DELISTED
TEGNA Inc
TGNA
| $5.56M | 0.11% |
472,100
| – | – |
|
160
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $5.47M | 0.11% |
92,171
+28,707
| +45% | +$1.7M |
|
|
LVGO
161
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $5.47M | 0.11% |
+39,079
| New | +$4.76M |
|
162
Equifax
EFX
$22.6B
| $5.46M | 0.11% |
+34,785
| New | +$5.7M |
|
163
Lamb Weston
LW
$7.38B
| $5.41M | 0.11% |
81,579
+48,447
| +146% | +$3.1M |
|
164
Medtronic
MDT
$119B
| $5.38M | 0.11% |
51,795
-11,525
| -18% | -$1.16M |
|
165
Sun Communities
SUI
$14.8B
| $5.38M | 0.11% |
38,274
+23,461
| +158% | +$3.36M |
|
166
Intercontinental Exchange
ICE
$90.5B
| $5.34M | 0.11% |
53,334
-42,082
| -44% | -$4.15M |
|
167
M&T Bank
MTB
$34.7B
| $5.31M | 0.11% |
57,653
+52,567
| +1,034% | +$5.37M |
|
168
CALL
Envista
NVST
$4.37B
| $5.3M | 0.11% |
215,000
+115,000
| +115% | +$2.65M |
|
169
US Bancorp
USB
$96.7B
| $5.21M | 0.1% |
+145,291
| New | +$5.32M |
|
170
James River Group Holdings
JRVR
$187M
| $5.15M | 0.1% |
+115,624
| New | +$5.39M |
|
171
CALL
First American
FAF
$7.33B
| $5.09M | 0.1% |
+100,000
| New | +$5.18M |
|
172
RTX Corp
RTX
$283B
| $5.09M | 0.1% |
88,471
-26,699
| -23% | -$1.63M |
|
173
Genuine Parts
GPC
$18.5B
| $5.05M | 0.1% |
+53,102
| New | +$4.94M |
|
174
Strategy Inc
MSTR
$47.4B
| $4.98M | 0.1% |
330,960
+253,080
| +325% | +$3.42M |
|
|
PE
175
DELISTED
PARSLEY ENERGY INC
PE
| $4.98M | 0.1% |
531,836
+6,588
| +1% | +$70.5K |
|
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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.