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 |
iShares Russell 1000 Value ETF
IWD
|
+$48M |
| 2 |
American Electric Power
AEP
|
+$40.9M |
| 3 |
Comcast
CMCSA
|
+$38.2M |
| 4 |
Entergy
ETR
|
+$30.6M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$27.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$378M |
| 2 |
Amazon
AMZN
|
+$336M |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Alibaba
BABA
|
+$258M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$136M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.92% |
| 2 | Consumer Discretionary | 8.02% |
| 3 | Utilities | 7.46% |
| 4 | Healthcare | 7.42% |
| 5 | Financials | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Adtran
ADTN
$628M
| $209K | ﹤0.01% |
12,505
-15,596
| -55% | -$263K |
|
1852
Addus HomeCare
ADUS
$2.26B
| $209K | ﹤0.01% |
+2,002
| New | +$228K |
|
1853
Acadia Realty Trust
AKR
$2.93B
| $209K | ﹤0.01% |
+11,031
| New | +$192K |
|
|
CLDT
1854
Chatham Lodging
CLDT
$642M
| $209K | ﹤0.01% |
15,867
-8,801
| -36% | -$112K |
|
1855
OR Royalties Inc
OR
$7.02B
| $209K | ﹤0.01% |
+18,935
| New | +$216K |
|
1856
Ryder
R
$9.39B
| $209K | ﹤0.01% |
+2,766
| New | +$192K |
|
1857
OSI Systems
OSIS
$3.36B
| $208K | ﹤0.01% |
+2,166
| New | +$206K |
|
1858
Grocery Outlet
GO
$1.19B
| $207K | ﹤0.01% |
+5,599
| New | +$217K |
|
1859
HireQuest
HQI
$245M
| $207K | ﹤0.01% |
+12,000
| New | +$163K |
|
1860
Accuray
ARAY
$32.4M
| $206K | ﹤0.01% |
+41,613
| New | +$215K |
|
|
TPTX
1861
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $206K | ﹤0.01% |
2,183
-1,919
| -47% | -$228K |
|
1862
Zillow
ZG
$8.53B
| $205K | ﹤0.01% |
1,559
-2,681
| -63% | -$414K |
|
1863
Antero Midstream
AM
$10.5B
| $204K | ﹤0.01% |
+22,573
| New | +$195K |
|
1864
SkinHealth Systems
SKIN
$88.5M
| $204K | ﹤0.01% |
+18,868
| New | +$207K |
|
1865
Trinity Capital Inc
TRIN
$1.76B
| $204K | ﹤0.01% |
+13,647
| New | +$202K |
|
1866
AvePoint
AVPT
$2.8B
| $203K | ﹤0.01% |
+18,334
| New | +$257K |
|
1867
INmune Bio
INMB
$65.5M
| $203K | ﹤0.01% |
+17,073
| New | +$307K |
|
1868
Li Auto
LI
$12.2B
| $203K | ﹤0.01% |
8,126
-291,726
| -97% | -$8.43M |
|
|
ERF
1869
DELISTED
Enerplus Corporation
ERF
| $203K | ﹤0.01% |
+40,574
| New | +$179K |
|
1870
Campbell Soup
CPB
$7.2B
| $201K | ﹤0.01% |
+4,001
| New | +$191K |
|
1871
Digimarc Corp
DMRC
$135M
| $201K | ﹤0.01% |
+6,763
| New | +$268K |
|
1872
OP Bancorp
OPBK
$229M
| $201K | ﹤0.01% |
+19,072
| New | +$176K |
|
|
MODN
1873
DELISTED
MODEL N, INC.
MODN
| $201K | ﹤0.01% |
+5,692
| New | +$219K |
|
1874
Jaguar Health
JAGX
$4.48M
| – | – |
0
| – | – |
|
1875
Precigen
PGEN
$2.57B
| $200K | ﹤0.01% |
28,974
+11,251
| +63% | +$95.1K |
|
Similar funds
Michael Gelband's Q1 2021 Portfolio in Review
As of Q1 2021, Michael Gelband held 2,871 positions worth $6.86B, down 33% from $10.3B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Michael Gelband withdrew a net $3.78B in Q1 2021, closing 811 positions and reducing 524 holdings. Its most notable exit was Alibaba, an estimated $258M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Consumer Discretionary and Utilities.
Against the trend, Michael Gelband opened a new position in Comcast worth $39.1M.
- Michael Gelband's largest Q1 2021 buy was Comcast: 722,523 shares worth $39.1M.
- Michael Gelband added most to iShares Russell 1000 Value ETF in Q1 2021, an estimated $48M increase.
- Michael Gelband's biggest Q1 2021 reduction was Microsoft, cutting an estimated $378M.
- Michael Gelband fully exited Alibaba in Q1 2021, selling an estimated $258M.
- Michael Gelband's ten largest holdings make up 26% of its $6.86B portfolio in Q1 2021.
- Michael Gelband opened 973 new positions and closed 811 in Q1 2021.
- Michael Gelband's portfolio value fell 33% quarter-over-quarter to $6.86B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2021, filed 17 May 2021.