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 |
Duke Energy
DUK
|
+$172M |
| 2 |
Chevron
CVX
|
+$99.4M |
| 3 |
Apple
AAPL
|
+$91.7M |
| 4 |
Evergy
EVRG
|
+$89M |
| 5 |
Consolidated Edison
ED
|
+$86.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$412M |
| 2 |
Mondelez International
MDLZ
|
+$131M |
| 3 |
Johnson & Johnson
JNJ
|
+$107M |
| 4 |
NiSource
NI
|
+$88.5M |
| 5 |
PPL
PPL Corp
PPL
|
+$86.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.81% |
| 2 | Technology | 9.77% |
| 3 | Healthcare | 7.98% |
| 4 | Utilities | 7.37% |
| 5 | Real Estate | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Ecolab
ECL
$78.9B
| $7.96M | 0.05% |
33,992
-100,788
| -75% | -$25.1M |
|
327
Synaptics
SYNA
$3.82B
| $7.94M | 0.05% |
104,038
+87,034
| +512% | +$6.59M |
|
328
United Parks & Resorts
PRKS
$2.06B
| $7.88M | 0.05% |
140,201
+63,385
| +83% | +$3.47M |
|
329
Methanex
MEOH
$4.65B
| $7.87M | 0.05% |
157,520
+106,581
| +209% | +$4.69M |
|
330
Penske Automotive Group
PAG
$14.2B
| $7.82M | 0.05% |
51,296
+22,890
| +81% | +$3.63M |
|
331
Gen Digital
GEN
$17.3B
| $7.71M | 0.05% |
+281,472
| New | +$8.09M |
|
332
Newmont
NEM
$139B
| $7.7M | 0.05% |
206,943
-343,528
| -62% | -$15.7M |
|
333
Reliance Steel & Aluminium
RS
$19.8B
| $7.69M | 0.05% |
28,547
-36,201
| -56% | -$10.7M |
|
334
Louisiana-Pacific
LPX
$5.12B
| $7.64M | 0.05% |
+73,825
| New | +$8.03M |
|
335
Fluor
FLR
$7.01B
| $7.64M | 0.05% |
+154,978
| New | +$8.17M |
|
336
Genpact
G
$6.24B
| $7.63M | 0.05% |
177,671
+27,044
| +18% | +$1.14M |
|
337
Norwegian Cruise Line
NCLH
$7.92B
| $7.63M | 0.05% |
+296,568
| New | +$7.5M |
|
338
Jackson Financial
JXN
$8.8B
| $7.62M | 0.05% |
+87,511
| New | +$8.55M |
|
|
CADE
339
DELISTED
Cadence Bank
CADE
| $7.52M | 0.05% |
218,416
+46,293
| +27% | +$1.63M |
|
340
Roku
ROKU
$23.4B
| $7.49M | 0.05% |
+100,681
| New | +$7.63M |
|
341
Spectrum Brands
SPB
$2B
| $7.48M | 0.05% |
88,539
+61,984
| +233% | +$5.61M |
|
342
Vail Resorts
MTN
$5.45B
| $7.44M | 0.05% |
+39,712
| New | +$7.11M |
|
343
Lumentum
LITE
$77.7B
| $7.44M | 0.05% |
88,662
+50,317
| +131% | +$3.92M |
|
|
NARI
344
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $7.37M | 0.05% |
144,352
-112,243
| -44% | -$5.52M |
|
345
Element Solutions
ESI
$8.6B
| $7.34M | 0.05% |
288,803
+264,301
| +1,079% | +$7.14M |
|
346
Celanese
CE
$5.14B
| $7.33M | 0.05% |
+105,956
| New | +$10.2M |
|
347
PJT Partners
PJT
$4.47B
| $7.32M | 0.05% |
46,384
+31,936
| +221% | +$4.87M |
|
348
Expeditors International
EXPD
$24.4B
| $7.3M | 0.05% |
+65,885
| New | +$7.86M |
|
349
Delta Air Lines
DAL
$54.2B
| $7.26M | 0.05% |
+120,064
| New | +$7.09M |
|
350
Verisk Analytics
VRSK
$24.4B
| $7.26M | 0.05% |
26,374
+7,050
| +36% | +$1.96M |
|
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Michael Gelband's Q4 2024 Portfolio in Review
As of Q4 2024, Michael Gelband held 2,201 positions worth $14.6B, down 11% from $16.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Michael Gelband withdrew a net $1.86B in Q4 2024, closing 764 positions and reducing 361 holdings. Its most notable exit was Mondelez International, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.8% of assets, up from 4.6% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $164M.
- Michael Gelband's largest Q4 2024 buy was Duke Energy: 1,520,504 shares worth $164M.
- Michael Gelband added most to Chevron in Q4 2024, an estimated $99.4M increase.
- Michael Gelband's biggest Q4 2024 reduction was Microsoft, cutting an estimated $412M.
- Michael Gelband fully exited Mondelez International in Q4 2024, selling an estimated $131M.
- Michael Gelband's ten largest holdings make up 34% of its $14.6B portfolio in Q4 2024.
- Michael Gelband opened 633 new positions and closed 764 in Q4 2024.
- Michael Gelband's portfolio value fell 11% quarter-over-quarter to $14.6B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.