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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
+9.6%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$16.4B
AUM Growth
+$1.76B
Cap. Flow
+$963M
Cap. Flow %
5.86%
Top 10 Hldgs %
36.55%
Holding
2,213
New
752
Increased
404
Reduced
406
Closed
645

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$384M
2
MDLZ icon
Mondelez International
MDLZ
+$125M
3
NVDA icon
NVIDIA
NVDA
+$116M
4
JNJ icon
Johnson & Johnson
JNJ
+$105M
5
CHD icon
Church & Dwight Co
CHD
+$55.9M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$276M
2
AAPL icon
Apple
AAPL
+$180M
3
DUK icon
Duke Energy
DUK
+$75.7M
4
COP icon
ConocoPhillips
COP
+$73.6M
5
AVGO icon
Broadcom
AVGO
+$70.4M

Sector Composition

Rank Sector Weight
1 Healthcare 11.11%
2 Technology 9.83%
3 Utilities 6.25%
4 Real Estate 4.8%
5 Consumer Discretionary 4.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DXCM icon
226
DexCom
DXCM
$34.8B
$10.5M 0.06%
156,700
+104,667
+201% +$8.6M
EMN icon
227
Eastman Chemical
EMN
$8.47B
$10.4M 0.06%
93,324
+34,759
+59% +$3.48M
K
228
DELISTED
Kellanova
K
$10.4M 0.06%
129,447
-236,126
-65% -$16.8M
ATI icon
229
ATI
ATI
$28.2B
$10.4M 0.06%
156,132
-135,499
-46% -$8.41M
ABT icon
230
Abbott
ABT
$202B
$10.4M 0.06%
91,439
+9,027
+11% +$990K
NVR icon
231
NVR
NVR
$16.9B
$10.3M 0.06%
1,054
+300
+40% +$2.62M
XENE icon
232
Xenon Pharmaceuticals
XENE
$5.88B
$10.3M 0.06%
262,631
-94,547
-26% -$3.81M
CELC icon
233
Celcuity
CELC
$4.58B
$10.3M 0.06%
691,451
+261,517
+61% +$4.31M
SBRA icon
234
Sabra Healthcare REIT
SBRA
$5.21B
$10.2M 0.06%
549,389
-237,629
-30% -$4.01M
Z icon
235
CALL
Zillow
Z
$8.07B
$10.1M 0.06%
+157,500
New +$8.46M
FRT icon
236
Federal Realty Investment Trust
FRT
$10.1B
$10M 0.06%
87,349
-15,066
-15% -$1.68M
ACLS icon
237
Axcelis
ACLS
$3.92B
$10M 0.06%
95,475
+56,527
+145% +$6.61M
MU icon
238
Micron Technology
MU
$1.09T
$9.94M 0.06%
95,848
-123,502
-56% -$12.9M
DBRG icon
239
DigitalBridge
DBRG
$2.95B
$9.9M 0.06%
+700,882
New +$9.3M
FCPT icon
240
Four Corners Property Trust
FCPT
$2.77B
$9.77M 0.06%
333,193
+296,547
+809% +$8.19M
DVA icon
241
DaVita
DVA
$11.1B
$9.76M 0.06%
+59,516
New +$8.79M
RLJ icon
242
RLJ Lodging Trust
RLJ
$1.75B
$9.72M 0.06%
1,059,289
+915,289
+636% +$8.57M
BXP icon
243
Boston Properties
BXP
$10.8B
$9.71M 0.06%
120,706
+52,244
+76% +$3.74M
BAC icon
244
Bank of America
BAC
$431B
$9.6M 0.06%
241,980
-398,239
-62% -$16M
VKTX icon
245
CALL
Viking Therapeutics
VKTX
$3.95B
$9.58M 0.06%
151,100
-123,400
-45% -$7.24M
DECK icon
246
Deckers Outdoor
DECK
$12.5B
$9.41M 0.06%
59,022
+50,118
+563% +$7.65M
VIK icon
247
Viking Holdings
VIK
$41.4B
$9.36M 0.06%
+268,346
New +$9.18M
SPGI icon
248
S&P Global
SPGI
$127B
$9.34M 0.06%
+18,086
New +$8.95M
APO icon
249
Apollo Global Management
APO
$78.4B
$9.3M 0.06%
74,480
+62,167
+505% +$7.18M
HLN icon
250
Haleon
HLN
$44B
$9.27M 0.06%
876,265
+197,846
+29% +$1.91M
8 9
10
11 12

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Michael Gelband's Q3 2024 Portfolio in Review

As of Q3 2024, Michael Gelband held 2,213 positions worth $16.4B, up 12% from $14.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Michael Gelband deployed $963M of net new capital in Q3 2024, opening 752 new positions and adding to 404 existing holdings. Its largest new stake was Mondelez International: 1,784,906 shares worth $131M.

By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 10% a quarter earlier, followed by Technology and Utilities.

On the sell side, the largest reduction was ConocoPhillips, an estimated $73.6M trimmed.

  • Michael Gelband's largest Q3 2024 buy was Mondelez International: 1,784,906 shares worth $131M.
  • Michael Gelband added most to Microsoft in Q3 2024, an estimated $384M increase.
  • Michael Gelband's biggest Q3 2024 reduction was ConocoPhillips, cutting an estimated $73.6M.
  • Michael Gelband fully exited Amazon in Q3 2024, selling an estimated $276M.
  • Michael Gelband's ten largest holdings make up 37% of its $16.4B portfolio in Q3 2024.
  • Michael Gelband opened 752 new positions and closed 645 in Q3 2024.
  • Michael Gelband's portfolio value rose 12% quarter-over-quarter to $16.4B.

Based on ExodusPoint Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.