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 | |
|---|---|---|---|---|---|---|
351
Factset
FDS
$10.7B
| $7.26M | 0.05% |
15,111
+3,095
| +26% | +$1.47M |
|
352
Micron Technology
MU
$1.09T
| $7.26M | 0.05% |
86,226
-9,622
| -10% | -$979K |
|
353
Hancock Whitney
HWC
$6.05B
| $7.24M | 0.05% |
132,269
-42,567
| -24% | -$2.36M |
|
|
PARA
354
PUT
DELISTED
Paramount Global Class B
PARA
| $7.13M | 0.05% |
682,200
+108,500
| +19% | +$1.17M |
|
355
AGCO
AGCO
$7.48B
| $7.12M | 0.05% |
+76,150
| New | +$7.37M |
|
|
ANSS
356
DELISTED
Ansys
ANSS
| $7.11M | 0.05% |
21,072
-34,824
| -62% | -$11.7M |
|
|
NESR
357
National Energy Services Reunited Corp
NESR
$3.33B
| $7.1M | 0.05% |
+792,178
| New | +$7M |
|
358
Super Micro Computer
SMCI
$24.1B
| $7.07M | 0.05% |
+231,919
| New | +$8.43M |
|
359
MongoDB
MDB
$34.7B
| $7.01M | 0.05% |
30,100
+16,321
| +118% | +$4.61M |
|
360
Ciena
CIEN
$56B
| $6.95M | 0.05% |
+81,900
| New | +$5.88M |
|
361
Coherent
COHR
$56.7B
| $6.93M | 0.05% |
+73,184
| New | +$7.32M |
|
362
EQT Corp
EQT
$33.6B
| $6.91M | 0.05% |
149,951
-350,735
| -70% | -$14.5M |
|
|
CFLT
363
DELISTED
Confluent
CFLT
| $6.89M | 0.05% |
+246,509
| New | +$6.61M |
|
364
Rio Tinto
RIO
$171B
| $6.88M | 0.05% |
+116,992
| New | +$7.47M |
|
|
CVSA
365
Covista Inc
CVSA
$4.51B
| $6.86M | 0.05% |
+75,546
| New | +$6.32M |
|
366
Estee Lauder
EL
$36.9B
| $6.86M | 0.05% |
91,420
+77,866
| +574% | +$6.15M |
|
367
Airbnb
ABNB
$110B
| $6.84M | 0.05% |
+52,060
| New | +$7.01M |
|
368
Ormat Technologies
ORA
$6.67B
| $6.8M | 0.05% |
100,373
+54,911
| +121% | +$4.24M |
|
369
Macy's
M
$6B
| $6.79M | 0.05% |
401,141
+279,394
| +229% | +$4.45M |
|
370
HUB Group
HUBG
$2.49B
| $6.78M | 0.05% |
152,135
+64,677
| +74% | +$3.02M |
|
|
AAMI
371
Acadian Asset Management
AAMI
$3.28B
| $6.68M | 0.05% |
253,632
+2,064
| +0.8% | +$57.9K |
|
372
Howmet Aerospace
HWM
$108B
| $6.66M | 0.05% |
60,863
-2,364
| -4% | -$259K |
|
373
Dutch Bros
BROS
$6.88B
| $6.63M | 0.05% |
126,582
+112,202
| +780% | +$4.95M |
|
|
AZPN
374
DELISTED
Aspen Technology Inc
AZPN
| $6.63M | 0.05% |
+26,551
| New | +$6.48M |
|
375
Bausch + Lomb
BLCO
$6.16B
| $6.62M | 0.05% |
366,721
-557,760
| -60% | -$10.9M |
|
Similar funds
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.