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
|
+$74.9M |
| 2 |
Aramark
ARMK
|
+$58.3M |
| 3 |
Colgate-Palmolive
CL
|
+$21.7M |
| 4 |
NextEra Energy
NEE
|
+$16.9M |
| 5 |
Coca-Cola
KO
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$114M |
| 2 |
iQIYI
IQ
|
+$19.6M |
| 3 |
AerCap
AER
|
+$18.3M |
| 4 |
Public Service Enterprise Group
PEG
|
+$12.5M |
| 5 |
Howard Hughes
HHH
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 13.39% |
| 2 | Technology | 9.99% |
| 3 | Consumer Discretionary | 6.99% |
| 4 | Industrials | 6.47% |
| 5 | Consumer Staples | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Dick's Sporting Goods
DKS
$16.3B
| $1.69M | 0.07% |
+48,850
| New | +$1.79M |
|
177
Palo Alto Networks
PANW
$286B
| $1.69M | 0.07% |
49,782
-87,780
| -64% | -$3.28M |
|
|
NVO
178
Novo Nordisk
NVO
$206B
| $1.68M | 0.07% |
+65,960
| New | +$1.63M |
|
179
Manhattan Associates
MANH
$12.4B
| $1.67M | 0.07% |
24,014
+7,099
| +42% | +$457K |
|
180
Home Depot
HD
$336B
| $1.66M | 0.07% |
+8,000
| New | +$1.6M |
|
181
Woodward
WWD
$19.6B
| $1.66M | 0.07% |
14,657
+10,728
| +273% | +$1.15M |
|
182
Williams-Sonoma
WSM
$28.2B
| $1.64M | 0.07% |
+50,598
| New | +$1.45M |
|
183
La-Z-Boy
LZB
$1.31B
| $1.62M | 0.06% |
+52,746
| New | +$1.72M |
|
184
Grand Canyon Education
LOPE
$3.92B
| $1.6M | 0.06% |
+13,702
| New | +$1.64M |
|
185
GameStop
GME
$8.11B
| $1.6M | 0.06% |
+1,166,844
| New | +$2.28M |
|
186
IBM
IBM
$220B
| $1.59M | 0.06% |
12,027
+9,474
| +371% | +$1.24M |
|
187
Illumina
ILMN
$33B
| $1.57M | 0.06% |
+4,378
| New | +$1.38M |
|
188
Edison International
EIX
$28.2B
| $1.56M | 0.06% |
23,126
+4,063
| +21% | +$252K |
|
189
NRG Energy
NRG
$23.5B
| $1.55M | 0.06% |
+44,034
| New | +$1.66M |
|
190
Wynn Resorts
WYNN
$10.3B
| $1.53M | 0.06% |
12,354
+7,247
| +142% | +$932K |
|
191
Vail Resorts
MTN
$5.43B
| $1.51M | 0.06% |
+6,783
| New | +$1.51M |
|
192
HP
HPQ
$26.2B
| $1.5M | 0.06% |
72,404
+29,114
| +67% | +$576K |
|
193
Stanley Black & Decker
SWK
$15B
| $1.5M | 0.06% |
+10,394
| New | +$1.46M |
|
194
Idacorp
IDA
$7.92B
| $1.49M | 0.06% |
+14,821
| New | +$1.5M |
|
195
Wingstop
WING
$3.14B
| $1.49M | 0.06% |
+15,700
| New | +$1.28M |
|
|
HZNP
196
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $1.48M | 0.06% |
+61,610
| New | +$1.56M |
|
197
Ford
F
$55.1B
| $1.48M | 0.06% |
144,683
+36,483
| +34% | +$360K |
|
198
American International
AIG
$40.5B
| $1.47M | 0.06% |
27,585
+15,758
| +133% | +$785K |
|
199
Five Below
FIVE
$14.3B
| $1.46M | 0.06% |
12,197
+6,927
| +131% | +$912K |
|
200
Incyte
INCY
$25.9B
| $1.46M | 0.06% |
17,172
+6,832
| +66% | +$548K |
|
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Michael Gelband's Q2 2019 Portfolio in Review
As of Q2 2019, Michael Gelband held 1,466 positions worth $2.51B, up 87% from $1.34B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Michael Gelband deployed $1.14B of net new capital in Q2 2019, opening 813 new positions and adding to 130 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
By sector, the portfolio is most concentrated in Utilities at 13% of assets, down from 22% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Altaba Inc, an estimated $114M trimmed.
- Michael Gelband's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 260,259 shares worth $76.3M.
- Michael Gelband added most to Aramark in Q2 2019, an estimated $58.3M increase.
- Michael Gelband's biggest Q2 2019 reduction was Altaba Inc, cutting an estimated $114M.
- Michael Gelband fully exited AerCap in Q2 2019, selling an estimated $18.3M.
- Michael Gelband's ten largest holdings make up 46% of its $2.51B portfolio in Q2 2019.
- Michael Gelband opened 813 new positions and closed 402 in Q2 2019.
- Michael Gelband's portfolio value rose 87% quarter-over-quarter to $2.51B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.