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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
TFSL icon
2226
TFS Financial
TFSL
$4.95B
– –
-38,990
Closed -$558K
TIMB icon
2227
TIM SA
TIMB
$8.52B
– –
-14,892
Closed -$193K
TK icon
2228
Teekay
TK
$1.16B
– –
-143,859
Closed -$345K
TLRY icon
2229
Tilray
TLRY
$666M
– –
-4,312
Closed -$307K
TME icon
2230
Tencent Music
TME
$14.4B
– –
-308,900
Closed -$4.16M
TNDM icon
2231
Tandem Diabetes Care
TNDM
$1.55B
– –
-118,095
Closed -$11.7M
TNK icon
2232
Teekay Tankers
TNK
$3.16B
– –
-46,128
Closed -$591K
TNL icon
2233
Travel + Leisure Co
TNL
$4.39B
– –
-79,724
Closed -$2.25M
TOL icon
2234
Toll Brothers
TOL
$13.7B
– –
-31,231
Closed -$1.02M
TREX icon
2235
Trex
TREX
$4.77B
– –
-9,924
Closed -$645K
TRMK icon
2236
Trustmark
TRMK
$2.7B
– –
-57,161
Closed -$1.4M
TROW icon
2237
T. Rowe Price
TROW
$23.8B
– –
-20,265
Closed -$2.5M
TRS icon
2238
TriMas Corp
TRS
$1.41B
– –
-59,980
Closed -$1.44M
TRUE
2239
DELISTED
TrueCar
TRUE
– –
-17,750
Closed -$46K
TRUP icon
2240
Trupanion
TRUP
$1.36B
– –
-12,615
Closed -$539K
TS icon
2241
Tenaris
TS
$26.6B
– –
-20,438
Closed -$264K
TTI icon
2242
TETRA Technologies
TTI
$1.06B
– –
-1,005,164
Closed -$537K
TTMI icon
2243
TTM Technologies
TTMI
$11.6B
– –
-10,883
Closed -$129K
TWO
2244
Two Harbors Investment
TWO
$1.27B
– –
-3,165
Closed -$64K
TYL icon
2245
Tyler Technologies
TYL
$14.4B
– –
-1,118
Closed -$388K
UBER icon
2246
Uber
UBER
$161B
– –
-45,260
Closed -$1.41M
UHAL icon
2247
U-Haul Holding Co
UHAL
$13.9B
– –
-36,390
Closed -$1.1M
UHS icon
2248
Universal Health Services
UHS
$10.4B
– –
-12,224
Closed -$1.14M
ULTA icon
2249
Ulta Beauty
ULTA
$22.4B
– –
-4,913
Closed -$999K
URI icon
2250
United Rentals
URI
$68.4B
– –
-7,305
Closed -$1.09M
88 89
90
91 92

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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.