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 |
NVIDIA
NVDA
|
+$361M |
| 2 |
Meta Platforms (Facebook)
META
|
+$187M |
| 3 |
Duke Energy
DUK
|
+$104M |
| 4 |
ExxonMobil
XOM
|
+$102M |
| 5 |
Intel
INTC
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$399M |
| 2 |
CMS Energy
CMS
|
+$119M |
| 3 |
Constellation Brands
STZ
|
+$116M |
| 4 |
Xcel Energy
XEL
|
+$92.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
426
Silgan Holdings
SLGN
$4.48B
| $4.48M | 0.03% |
+92,315
| New | +$4.1M |
|
427
Outfront Media
OUT
$5.25B
| $4.48M | 0.03% |
+271,204
| New | +$3.82M |
|
428
Penumbra
PEN
$12.8B
| $4.48M | 0.03% |
20,060
-9,284
| -32% | -$2.3M |
|
429
PUT
FedEx
FDX
$76.9B
| $4.46M | 0.03% |
+15,400
| New | +$3.85M |
|
430
Tyra Biosciences
TYRA
$1.55B
| $4.46M | 0.03% |
+272,150
| New | +$4.46M |
|
431
Service Corp International
SCI
$11.4B
| $4.43M | 0.03% |
59,729
+27,265
| +84% | +$1.92M |
|
432
Sonoco
SON
$5.88B
| $4.4M | 0.03% |
76,105
-58,775
| -44% | -$3.35M |
|
433
Otter Tail
OTTR
$3.81B
| $4.39M | 0.03% |
50,816
+24,612
| +94% | +$2.14M |
|
434
LGI Homes
LGIH
$1.35B
| $4.39M | 0.03% |
37,712
+23,273
| +161% | +$2.75M |
|
435
CALL
IBM
IBM
$222B
| $4.38M | 0.03% |
+23,100
| New | +$4.21M |
|
436
Alphatec Holdings
ATEC
$1.46B
| $4.34M | 0.03% |
+314,736
| New | +$4.67M |
|
437
Innoviva
INVA
$1.52B
| $4.33M | 0.03% |
+284,215
| New | +$4.46M |
|
438
Sprout Social
SPT
$607M
| $4.33M | 0.03% |
+72,509
| New | +$4.41M |
|
439
Loews
L
$22.5B
| $4.32M | 0.03% |
+55,227
| New | +$4.08M |
|
440
Independence Realty Trust
IRT
$3.91B
| $4.32M | 0.03% |
268,000
-144,270
| -35% | -$2.21M |
|
441
Wynn Resorts
WYNN
$10.3B
| $4.3M | 0.03% |
42,046
-174,376
| -81% | -$17.3M |
|
442
Zions Bancorporation
ZION
$9.95B
| $4.29M | 0.03% |
+98,949
| New | +$4.08M |
|
443
Mueller Water Products
MWA
$3.89B
| $4.29M | 0.03% |
266,668
+209,035
| +363% | +$3.11M |
|
|
CNTA
444
DELISTED
Centessa Pharmaceuticals
CNTA
| $4.29M | 0.03% |
379,314
+82,428
| +28% | +$781K |
|
445
Occidental Petroleum
OXY
$61.3B
| $4.28M | 0.03% |
+65,787
| New | +$3.93M |
|
446
Liberty Live Group Series A
LLYVA
$9.36B
| $4.26M | 0.03% |
100,511
-10,694
| -10% | -$399K |
|
|
OPLN
447
Openlane
OPLN
$4.08B
| $4.24M | 0.03% |
245,327
+55,392
| +29% | +$832K |
|
448
CALL
Hertz
HTZ
$802M
| $4.24M | 0.03% |
540,000
+340,000
| +170% | +$2.78M |
|
449
Owens Corning
OC
$11.7B
| $4.23M | 0.03% |
25,369
+14,548
| +134% | +$2.22M |
|
450
NVR
NVR
$16.9B
| $4.21M | 0.03% |
520
-430
| -45% | -$3.19M |
|
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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.