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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+13.78%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$5.02B
AUM Growth
+$1.17B
Cap. Flow
+$816M
Cap. Flow %
16.26%
Top 10 Hldgs %
31.54%
Holding
2,471
New
743
Increased
409
Reduced
522
Closed
789

Top Buys

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$64.4M
2
DD icon
DuPont de Nemours
DD
+$35.6M
3
BABA icon
Alibaba
BABA
+$35.4M
4
AAPL icon
Apple
AAPL
+$34.3M
5
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$28.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$88.3M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$46.6M
3
NBIS
Nebius Group N.V.
NBIS
+$40.7M
4
CMCSA icon
Comcast
CMCSA
+$38.1M
5
PCG icon
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
ARDX icon
1726
Ardelyx
ARDX
$963M
– –
-12,218
Closed -$85K
ARGX icon
1727
argenx
ARGX
$63.3B
– –
-18,205
Closed -$4.1M
ARKG icon
1728
ARK Genomic Revolution ETF
ARKG
$1.89B
– –
-4,200
Closed -$219K
ARLO icon
1729
Arlo Technologies
ARLO
$1.41B
– –
-19,245
Closed -$50K
ARMK icon
1730
Aramark
ARMK
$15.6B
– –
-109,778
Closed -$1.79M
AROC icon
1731
Archrock
AROC
$5.38B
– –
-72,207
Closed -$469K
ARR
1732
Armour Residential REIT
ARR
$2.32B
– –
-5,981
Closed -$281K
ASIX icon
1733
AdvanSix
ASIX
$454M
– –
-17,755
Closed -$208K
ASML icon
1734
ASML
ASML
$668B
– –
-12,218
Closed -$4.5M
ASPS icon
1735
Altisource Portfolio Solutions
ASPS
$62.7M
– –
-1,962
Closed -$231K
ATHM icon
1736
Autohome
ATHM
$2.51B
– –
-17,006
Closed -$1.28M
ATO icon
1737
Atmos Energy
ATO
$28.4B
– –
-20,985
Closed -$2.09M
ATRC icon
1738
AtriCure
ATRC
$2.51B
– –
-77,498
Closed -$3.48M
AVAV icon
1739
AeroVironment
AVAV
$7.54B
– –
-28,742
Closed -$2.29M
AXSM icon
1740
Axsome Therapeutics
AXSM
$10.7B
– –
-36,804
Closed -$3.03M
AZN icon
1741
CALL
AstraZeneca
AZN
$259B
– –
-25,000
Closed -$2.64M
AZO icon
1742
AutoZone
AZO
$49.1B
– –
-179
Closed -$202K
AZUL
1743
DELISTED
Azul
AZUL
– –
-73,471
Closed -$821K
BANR icon
1744
Banner Corp
BANR
$2.41B
– –
-16,614
Closed -$631K
BBD icon
1745
Banco Bradesco
BBD
$34.3B
– –
-96,597
Closed -$304K
BCRX icon
1746
BioCryst Pharmaceuticals
BCRX
$2.47B
– –
-35,969
Closed -$171K
BCSF icon
1747
Bain Capital Specialty
BCSF
$786M
– –
-10,926
Closed -$121K
BDC icon
1748
Belden
BDC
$4.56B
– –
-13,627
Closed -$444K
BDX icon
1749
CALL
Becton Dickinson
BDX
$51.9B
– –
-12,095
Closed -$2.83M
BE icon
1750
Bloom Energy
BE
$60B
– –
-43,990
Closed -$479K
68 69
70
71 72

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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.