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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
+0.61%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$14.7B
AUM Growth
+$1.55B
Cap. Flow
-$42.4M
Cap. Flow %
-0.29%
Top 10 Hldgs %
33.58%
Holding
2,110
New
660
Increased
423
Reduced
368
Closed
648

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$231M
2
COP icon
ConocoPhillips
COP
+$114M
3
AAPL icon
Apple
AAPL
+$80.8M
4
BDX icon
Becton Dickinson
BDX
+$68.3M
5
SHW icon
Sherwin-Williams
SHW
+$62.8M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$351M
2
META icon
Meta Platforms (Facebook)
META
+$242M
3
GPN icon
Global Payments
GPN
+$202M
4
FCX icon
Freeport-McMoran
FCX
+$70.4M
5
PPL
PPL Corp
PPL
+$61.6M

Sector Composition

Rank Sector Weight
1 Healthcare 10.2%
2 Technology 10.13%
3 Utilities 6.69%
4 Consumer Discretionary 6.52%
5 Industrials 5.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BEN icon
351
Franklin Templeton
BEN
$17.4B
$6.12M 0.04%
273,660
+8,325
+3% +$200K
DBI icon
352
Designer Brands
DBI
$292M
$6.11M 0.04%
+894,763
New +$7.91M
QGEN icon
353
Qiagen
QGEN
$9.1B
$6.02M 0.04%
142,461
+112,238
+371% +$4.92M
SPHR icon
354
Sphere Entertainment
SPHR
$5.69B
$6M 0.04%
+171,021
New +$6.65M
FFIN icon
355
First Financial Bankshares
FFIN
$4.89B
$5.96M 0.04%
+201,886
New +$6.04M
TTWO icon
356
Take-Two Interactive
TTWO
$44.8B
$5.96M 0.04%
+38,338
New +$5.82M
SBUX icon
357
Starbucks
SBUX
$122B
$5.95M 0.04%
+76,458
New +$6.23M
CATX icon
358
Perspective Therapeutics
CATX
$377M
$5.94M 0.04%
596,054
+307,160
+106% +$4.44M
ATKR icon
359
Atkore
ATKR
$3.16B
$5.94M 0.04%
44,038
+38,228
+658% +$6.09M
DXCM icon
360
DexCom
DXCM
$34.8B
$5.9M 0.04%
52,033
-106,895
-67% -$13.5M
HWM icon
361
Howmet Aerospace
HWM
$108B
$5.84M 0.04%
+75,257
New +$5.7M
CTLT
362
DELISTED
CATALENT, INC.
CTLT
$5.82M 0.04%
103,547
+73,755
+248% +$4.11M
PUMP icon
363
ProPetro Holding
PUMP
$1.39B
$5.79M 0.04%
667,576
+583,362
+693% +$5.2M
BIIB icon
364
Biogen
BIIB
$32B
$5.76M 0.04%
+24,856
New +$5.4M
EMN icon
365
Eastman Chemical
EMN
$8.47B
$5.74M 0.04%
58,565
+44,779
+325% +$4.44M
NVR icon
366
NVR
NVR
$16.9B
$5.72M 0.04%
754
+234
+45% +$1.79M
AMH icon
367
American Homes 4 Rent
AMH
$12.4B
$5.67M 0.04%
152,711
-359,661
-70% -$12.9M
VRSN icon
368
VeriSign
VRSN
$25.5B
$5.64M 0.04%
31,712
+4,735
+18% +$844K
JNPR
369
DELISTED
Juniper Networks
JNPR
$5.63M 0.04%
154,367
+131,123
+564% +$4.66M
TXG icon
370
10x Genomics
TXG
$8.48B
$5.63M 0.04%
289,211
+123,479
+75% +$3.23M
HLN icon
371
Haleon
HLN
$44B
$5.6M 0.04%
+678,419
New +$5.67M
PYPL icon
372
PayPal
PYPL
$52.7B
$5.59M 0.04%
+96,406
New +$6.13M
DFS
373
DELISTED
Discover Financial Services
DFS
$5.59M 0.04%
+42,713
New +$5.32M
TPG icon
374
TPG
TPG
$8.74B
$5.56M 0.04%
134,160
+126,228
+1,591% +$5.4M
FDS icon
375
Factset
FDS
$10.7B
$5.54M 0.04%
+13,570
New +$5.77M
13 14
15
16 17

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Michael Gelband's Q2 2024 Portfolio in Review

As of Q2 2024, Michael Gelband held 2,110 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Michael Gelband's Q2 2024 filing shows 660 new, 423 increased, 368 reduced and 648 closed positions. Its largest new stake was Coca-Cola: 936,563 shares worth $59.6M. The largest sale was NVIDIA, an estimated $351M.

By sector, the portfolio is most concentrated in Healthcare at 10% of assets, up from 6.9% a quarter earlier, followed by Technology and Utilities.

  • Michael Gelband's largest Q2 2024 buy was Coca-Cola: 936,563 shares worth $59.6M.
  • Michael Gelband added most to Amazon in Q2 2024, an estimated $231M increase.
  • Michael Gelband's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $351M.
  • Michael Gelband fully exited Global Payments in Q2 2024, selling an estimated $202M.
  • Michael Gelband's ten largest holdings make up 34% of its $14.7B portfolio in Q2 2024.
  • Michael Gelband opened 660 new positions and closed 648 in Q2 2024.
  • Michael Gelband's portfolio value rose 12% quarter-over-quarter to $14.7B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2024, filed 13 Aug 2024.