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 | |
|---|---|---|---|---|---|---|
|
1
PUT
Alibaba
BABA
$286B
| $691M | 10.08% |
3,049,100
-1,582,900
| -34% | -$389M |
|
|
2
CALL
Alibaba
BABA
$286B
| $429M | 6.26% |
1,893,000
+34,200
| +2% | +$8.4M |
|
3
PUT
Snap
SNAP
$8.86B
| $116M | 1.69% |
2,214,000
-3,382,600
| -60% | -$194M |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $109M | 1.58% |
274,000
-328,600
| -55% | -$127M |
|
5
CALL
Invesco QQQ Trust
QQQ
$486B
| $102M | 1.48% |
318,300
+282,100
| +779% | +$90.2M |
|
|
6
Entergy
ETR
$48.8B
| $77M | 1.12% |
1,547,270
+646,704
| +72% | +$30.6M |
|
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $72.1M | 1.05% |
181,900
-655,700
| -78% | -$253M |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $69.6M | 1.02% |
218,300
+182,100
| +503% | +$58.2M |
|
|
9
iShares Russell 1000 Value ETF
IWD
$84.2B
| $62.8M | 0.92% |
414,654
+331,477
| +399% | +$48M |
|
10
PUT
Lyft
LYFT
$6.61B
| $51.7M | 0.75% |
818,100
-684,000
| -46% | -$38.2M |
|
|
11
American Electric Power
AEP
$65.8B
| $47.4M | 0.69% |
559,704
+507,530
| +973% | +$40.9M |
|
12
CMS Energy
CMS
$21.4B
| $46M | 0.67% |
750,971
+253,059
| +51% | +$14.5M |
|
13
Public Service Enterprise Group
PEG
$36.2B
| $40.7M | 0.59% |
675,620
+373,747
| +124% | +$21.6M |
|
|
14
Comcast
CMCSA
$95.3B
| $39.1M | 0.57% |
+722,523
| New | +$38.2M |
|
15
Sea Limited
SE
$72B
| $38.1M | 0.56% |
170,692
-304,042
| -64% | -$70.6M |
|
16
NiSource
NI
$19.5B
| $37.9M | 0.55% |
1,572,906
+1,035,138
| +192% | +$23.3M |
|
17
Evergy
EVRG
$18.7B
| $37M | 0.54% |
621,807
-17,925
| -3% | -$992K |
|
18
Entegris
ENTG
$22B
| $34.7M | 0.51% |
310,196
+230,736
| +290% | +$23.8M |
|
19
CenterPoint Energy
CNP
$25.5B
| $31.5M | 0.46% |
1,392,210
+642,038
| +86% | +$13.7M |
|
20
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $29.5M | 0.43% |
+1,205,000
| New | +$27.8M |
|
21
Alphabet (Google) Class A
GOOGL
$4.22T
| $29.1M | 0.42% |
281,880
+10,020
| +4% | +$989K |
|
22
Intel
INTC
$476B
| $28.8M | 0.42% |
+450,301
| New | +$26.8M |
|
23
Applied Materials
AMAT
$391B
| $28.8M | 0.42% |
215,511
+181,378
| +531% | +$20M |
|
|
24
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $28.5M | 0.42% |
429,086
+423,138
| +7,114% | +$27.9M |
|
25
Bio-Techne
TECH
$11.3B
| $28.3M | 0.41% |
296,744
+282,748
| +2,020% | +$25.8M |
|
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.