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 SPDR S&P 500 ETF Trust
SPY
|
+$78M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$51.4M |
| 3 |
Alibaba
BABA
|
+$48.4M |
| 4 |
PG&E
PCG
|
+$38.2M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$32.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$27.8M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$22.4M |
| 3 |
McKesson
MCK
|
+$18.1M |
| 4 |
DraftKings
DKNG
|
+$15.1M |
| 5 |
Mastercard
MA
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.36% |
| 2 | Healthcare | 10.23% |
| 3 | Industrials | 9.8% |
| 4 | Financials | 9.25% |
| 5 | Consumer Discretionary | 7.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Fluor
FLR
$7.01B
| – | – |
-17,793
| Closed | -$123K |
|
1852
Fresenius Medical Care
FMS
$12.5B
| – | – |
-11,559
| Closed | -$379K |
|
1853
Fox Class B
FOX
$25.6B
| – | – |
-3,891
| Closed | -$89K |
|
1854
Fox Class A
FOXA
$28.8B
| – | – |
-17,561
| Closed | -$415K |
|
1855
Freedom Holding
FRHC
$10.9B
| – | – |
-45,136
| Closed | -$641K |
|
1856
CALL
Fastly Inc
FSLY
$3.97B
| – | – |
-100,000
| Closed | -$1.89M |
|
|
1857
Fastly Inc
FSLY
$3.97B
| – | – |
-27,959
| Closed | -$531K |
|
1858
Fortis
FTS
$28B
| – | – |
-21,322
| Closed | -$822K |
|
1859
H.B. Fuller
FUL
$3.16B
| – | – |
-8,560
| Closed | -$239K |
|
1860
GDS Holdings
GDS
$6.58B
| – | – |
-16,397
| Closed | -$951K |
|
1861
CALL
Gen Digital
GEN
$17.3B
| – | – |
-300,000
| Closed | -$5.61M |
|
1862
Gold Fields
GFI
$42.8B
| – | – |
-57,887
| Closed | -$275K |
|
1863
Guardant Health
GH
$22.9B
| – | – |
-4,818
| Closed | -$335K |
|
1864
Gildan
GIL
$10.4B
| – | – |
-13,594
| Closed | -$173K |
|
1865
Corning
GLW
$129B
| – | – |
-20,981
| Closed | -$431K |
|
|
XRN
1866
Chiron Real Estate Inc
XRN
$492M
| – | – |
-3,679
| Closed | -$186K |
|
1867
Genasys
GNSS
$76.1M
| – | – |
-14,600
| Closed | -$48K |
|
1868
Gaotu Techedu
GOTU
$401M
| – | – |
-11,098
| Closed | -$470K |
|
1869
CALL
Global Payments
GPN
$24.7B
| – | – |
-30,000
| Closed | -$4.31M |
|
1870
Goodyear
GT
$1.72B
| – | – |
-33,762
| Closed | -$196K |
|
1871
Warrior Met Coal
HCC
$5.64B
| – | – |
-12,698
| Closed | -$135K |
|
1872
HEICO Corp
HEI
$49.6B
| – | – |
-2,925
| Closed | -$218K |
|
1873
Helen of Troy
HELE
$677M
| – | – |
-4,723
| Closed | -$680K |
|
|
HES
1874
DELISTED
Hess
HES
| – | – |
-82,475
| Closed | -$2.75M |
|
|
HFRO
1875
Highland Opportunities and Income Fund
HFRO
$391M
| – | – |
-97,533
| Closed | -$832K |
|
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Michael Gelband's Q2 2020 Portfolio in Review
As of Q2 2020, Michael Gelband held 2,172 positions worth $3.85B, up 111% from $1.82B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Michael Gelband deployed $1.66B of net new capital in Q2 2020, opening 1,142 new positions and adding to 418 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 12% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Amazon, an estimated $27.8M trimmed.
- Michael Gelband's largest Q2 2020 buy was State Street SPDR S&P 500 ETF Trust: 266,338 shares worth $82.1M.
- Michael Gelband added most to PG&E in Q2 2020, an estimated $38.2M increase.
- Michael Gelband's biggest Q2 2020 reduction was Amazon, cutting an estimated $27.8M.
- Michael Gelband fully exited McKesson in Q2 2020, selling an estimated $18.1M.
- Michael Gelband's ten largest holdings make up 17% of its $3.85B portfolio in Q2 2020.
- Michael Gelband opened 1,142 new positions and closed 448 in Q2 2020.
- Michael Gelband's portfolio value rose 111% quarter-over-quarter to $3.85B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.