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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
+14.63%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$13.1B
AUM Growth
-$2.14B
Cap. Flow
-$3.3B
Cap. Flow %
-25.17%
Top 10 Hldgs %
30.62%
Holding
2,094
New
695
Increased
393
Reduced
360
Closed
644

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$361M
2
META icon
Meta Platforms (Facebook)
META
+$187M
3
DUK icon
Duke Energy
DUK
+$104M
4
XOM icon
ExxonMobil
XOM
+$102M
5
INTC icon
Intel
INTC
+$66.4M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$399M
2
CMS icon
CMS Energy
CMS
+$119M
3
STZ icon
Constellation Brands
STZ
+$116M
4
XEL icon
Xcel Energy
XEL
+$92.6M
5
GPN icon
Global Payments
GPN
+$86.5M

Sector Composition

Rank Sector Weight
1 Technology 11.86%
2 Utilities 7.16%
3 Healthcare 6.86%
4 Industrials 6.78%
5 Real Estate 5.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NBIX icon
376
Neurocrine Biosciences
NBIX
$15.5B
$5.15M 0.04%
37,354
-8,710
-19% -$1.19M
FNV icon
377
Franco-Nevada
FNV
$51.3B
$5.14M 0.04%
+43,161
New +$4.75M
ORA icon
378
Ormat Technologies
ORA
$6.67B
$5.13M 0.04%
77,547
+71,170
+1,116% +$4.75M
VRSN icon
379
VeriSign
VRSN
$25.5B
$5.11M 0.04%
+26,977
New +$5.3M
LAD icon
380
Lithia Motors
LAD
$8.15B
$5.08M 0.04%
+16,871
New +$4.99M
DCI icon
381
Donaldson
DCI
$10.8B
$5.07M 0.04%
67,846
+11,604
+21% +$789K
PPG icon
382
PPG Industries
PPG
$25.3B
$5.06M 0.04%
34,902
-507,099
-94% -$72.1M
VRSK icon
383
Verisk Analytics
VRSK
$24.4B
$5.01M 0.04%
21,245
+10,339
+95% +$2.48M
WFC icon
384
CALL
Wells Fargo
WFC
$254B
$5M 0.04%
+86,300
New +$4.52M
PKG icon
385
Packaging Corp of America
PKG
$22.5B
$4.97M 0.04%
+26,207
New +$4.54M
STAG icon
386
STAG Industrial
STAG
$7.07B
$4.96M 0.04%
+129,122
New +$4.89M
PDM
387
Piedmont Realty Trust
PDM
$1.21B
$4.96M 0.04%
704,809
-538,673
-43% -$3.61M
NVRO
388
DELISTED
NEVRO CORP.
NVRO
$4.95M 0.04%
+342,477
New +$5.66M
CDP icon
389
COPT Defense Properties
CDP
$4.23B
$4.92M 0.04%
+203,634
New +$4.96M
BKH icon
390
Black Hills Corp
BKH
$5.47B
$4.91M 0.04%
+89,871
New +$4.71M
ANSS
391
DELISTED
Ansys
ANSS
$4.89M 0.04%
+14,098
New +$4.77M
ALGN icon
392
Align Technology
ALGN
$11.5B
$4.89M 0.04%
14,906
-39,036
-72% -$11.5M
XLP icon
393
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
$4.89M 0.04%
64,000
-219,095
-77% -$16.2M
TRNO icon
394
Terreno Realty
TRNO
$7.43B
$4.88M 0.04%
+73,511
New +$4.61M
BUD icon
395
AB InBev
BUD
$155B
$4.87M 0.04%
+80,045
New +$5.01M
ZWS icon
396
Zurn Elkay Water Solutions
ZWS
$8.13B
$4.86M 0.04%
145,294
+108,839
+299% +$3.35M
ANET icon
397
Arista Networks
ANET
$238B
$4.86M 0.04%
+66,988
New +$4.52M
LULU icon
398
lululemon athletica
LULU
$13.7B
$4.84M 0.04%
+12,390
New +$5.73M
MTX icon
399
Minerals Technologies
MTX
$2.21B
$4.81M 0.04%
63,845
+40,364
+172% +$2.83M
AAL icon
400
American Airlines Group
AAL
$9.15B
$4.79M 0.04%
312,249
-518,378
-62% -$7.52M
14 15
16
17 18

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Michael Gelband's Q1 2024 Portfolio in Review

As of Q1 2024, Michael Gelband held 2,094 positions worth $13.1B, down 14% from $15.2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Michael Gelband withdrew a net $3.3B in Q1 2024, closing 644 positions and reducing 360 holdings. Its most notable exit was Fidelity National Information Services, an estimated $399M position sold in full.

By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 9.3% a quarter earlier, followed by Utilities and Healthcare.

Against the trend, Michael Gelband opened a new position in Duke Energy worth $106M.

  • Michael Gelband's largest Q1 2024 buy was Duke Energy: 1,098,157 shares worth $106M.
  • Michael Gelband added most to NVIDIA in Q1 2024, an estimated $361M increase.
  • Michael Gelband's biggest Q1 2024 reduction was CMS Energy, cutting an estimated $119M.
  • Michael Gelband fully exited Fidelity National Information Services in Q1 2024, selling an estimated $399M.
  • Michael Gelband's ten largest holdings make up 31% of its $13.1B portfolio in Q1 2024.
  • Michael Gelband opened 695 new positions and closed 644 in Q1 2024.
  • Michael Gelband's portfolio value fell 14% quarter-over-quarter to $13.1B.

Based on ExodusPoint Capital Management's 13F filing for Q1 2024, filed 14 May 2024.