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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
CLH icon
1801
Clean Harbors
CLH
$16.7B
– –
-5,389
Closed -$323K
CLW icon
1802
Clearwater Paper
CLW
$351M
– –
-22,552
Closed -$815K
CMA
1803
DELISTED
Comerica
CMA
– –
-13,201
Closed -$503K
CMC icon
1804
Commercial Metals
CMC
$7.34B
– –
-28,769
Closed -$587K
CMPR icon
1805
Cimpress
CMPR
$2.13B
– –
-17,434
Closed -$1.33M
CNX icon
1806
CNX Resources
CNX
$5.38B
– –
-33,659
Closed -$291K
CNXN icon
1807
PC Connection
CNXN
$1.97B
– –
-4,584
Closed -$213K
COHR icon
1808
Coherent
COHR
$56.7B
– –
-15,419
Closed -$728K
COO icon
1809
Cooper Companies
COO
$14.9B
– –
-14,120
Closed -$1M
COOP
1810
DELISTED
Mr. Cooper
COOP
– –
-16,643
Closed -$207K
COP icon
1811
ConocoPhillips
COP
$162B
– –
-85,950
Closed -$3.61M
CPF icon
1812
Central Pacific Financial
CPF
$964M
– –
-22,756
Closed -$365K
CPRX
1813
DELISTED
Catalyst Pharmaceutical
CPRX
– –
-10,235
Closed -$47K
CPS icon
1814
Cooper-Standard Automotive
CPS
$498M
– –
-17,383
Closed -$230K
CRBP icon
1815
Corbus Pharmaceuticals
CRBP
$201M
– –
-379
Closed -$95K
CRH icon
1816
CRH
CRH
$63.2B
– –
-11,996
Closed -$412K
CRNC icon
1817
Cerence
CRNC
$365M
– –
-9,241
Closed -$377K
CRON
1818
Cronos Group
CRON
$1.22B
– –
-100,204
Closed -$602K
CROX icon
1819
Crocs
CROX
$5.85B
– –
-8,662
Closed -$319K
CRUS icon
1820
Cirrus Logic
CRUS
$5.78B
– –
-57,698
Closed -$3.56M
CRVL icon
1821
CorVel
CRVL
$3.54B
– –
-18,558
Closed -$439K
CSGS
1822
DELISTED
CSG Systems International
CSGS
– –
-20,277
Closed -$839K
CSTM icon
1823
Constellium
CSTM
$3.66B
– –
-83,387
Closed -$640K
CSV icon
1824
Carriage Services
CSV
$547M
– –
-11,934
Closed -$216K
CSWC icon
1825
Capital Southwest
CSWC
$1.59B
– –
-12,711
Closed -$171K
71 72
73
74 75

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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.