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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
PIPR icon
2126
Piper Sandler
PIPR
$5.3B
– –
-74,140
Closed -$1.1M
PLAB icon
2127
Photronics
PLAB
$1.8B
– –
-72,351
Closed -$805K
PLMR icon
2128
Palomar
PLMR
$3.42B
– –
-8,879
Closed -$761K
PLUS icon
2129
ePlus
PLUS
$2.27B
– –
-23,120
Closed -$817K
PLYA
2130
DELISTED
Playa Hotels & Resorts
PLYA
– –
-48,600
Closed -$176K
PNR icon
2131
Pentair
PNR
$10.3B
– –
-33,906
Closed -$1.29M
PRA
2132
DELISTED
ProAssurance
PRA
– –
-15,768
Closed -$228K
PRAA icon
2133
PRA Group
PRAA
$737M
– –
-5,686
Closed -$220K
PRGS icon
2134
Progress Software
PRGS
$1.82B
– –
-16,800
Closed -$651K
PRK icon
2135
Park National Corp
PRK
$3.65B
– –
-12,851
Closed -$904K
PRTS icon
2136
CarParts.com
PRTS
$50.6M
– –
-1,347
Closed -$117K
PSA icon
2137
Public Storage
PSA
$60.2B
– –
-2,917
Closed -$560K
PSNL icon
2138
Personalis
PSNL
$1.96B
– –
-20,600
Closed -$267K
PSN icon
2139
Parsons
PSN
$5.24B
– –
-34,783
Closed -$1.26M
P
2140
Everpure Inc
P
$36.1B
– –
-38,345
Closed -$665K
PTN
2141
Palatin Technologies
PTN
$17.2M
– –
-26
Closed -$16K
PUMP icon
2142
ProPetro Holding
PUMP
$1.39B
– –
-13,339
Closed -$69K
QLYS icon
2143
Qualys
QLYS
$6.3B
– –
-6,933
Closed -$721K
QUAD icon
2144
Quad
QUAD
$532M
– –
-11,808
Closed -$38K
RAMP icon
2145
LiveRamp
RAMP
$2.28B
– –
-64,061
Closed -$2.72M
RC
2146
Ready Capital
RC
$311M
– –
-23,117
Closed -$201K
RCUS icon
2147
Arcus Biosciences
RCUS
$3.86B
– –
-41,698
Closed -$1.03M
REAL icon
2148
The RealReal
REAL
$1.35B
– –
-67,930
Closed -$869K
REI icon
2149
Ring Energy
REI
$386M
– –
-57,393
Closed -$67K
RELX icon
2150
RELX
RELX
$62.6B
– –
-26,497
Closed -$624K
84 85
86
87 88

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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.