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 |
Amazon
AMZN
|
+$231M |
| 2 |
ConocoPhillips
COP
|
+$114M |
| 3 |
Apple
AAPL
|
+$80.8M |
| 4 |
Becton Dickinson
BDX
|
+$68.3M |
| 5 |
Sherwin-Williams
SHW
|
+$62.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$351M |
| 2 |
Meta Platforms (Facebook)
META
|
+$242M |
| 3 |
Global Payments
GPN
|
+$202M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
451
Trip.com Group
TCOM
$29B
| $4.36M | 0.03% |
+92,792
| New | +$4.72M |
|
452
Toll Brothers
TOL
$13.7B
| $4.36M | 0.03% |
37,859
-26,913
| -42% | -$3.26M |
|
453
Herc Holdings
HRI
$5.41B
| $4.35M | 0.03% |
+32,647
| New | +$4.82M |
|
454
Comfort Systems
FIX
$58.3B
| $4.34M | 0.03% |
+14,258
| New | +$4.53M |
|
455
Cardinal Health
CAH
$53.4B
| $4.33M | 0.03% |
+44,074
| New | +$4.49M |
|
456
PUT
Advanced Micro Devices
AMD
$773B
| $4.32M | 0.03% |
26,600
-8,100
| -23% | -$1.3M |
|
457
Natera
NTRA
$47.9B
| $4.3M | 0.03% |
39,757
+29,644
| +293% | +$3.01M |
|
|
JHG
458
DELISTED
Janus Henderson
JHG
| $4.27M | 0.03% |
+126,646
| New | +$4.15M |
|
459
Synchrony
SYF
$25.9B
| $4.26M | 0.03% |
90,314
+65,472
| +264% | +$2.84M |
|
460
First Financial Bancorp
FFBC
$3.47B
| $4.26M | 0.03% |
191,756
+176,906
| +1,191% | +$3.91M |
|
461
Range Resources
RRC
$9.59B
| $4.24M | 0.03% |
126,586
-710,598
| -85% | -$25.5M |
|
462
Old Dominion Freight Line
ODFL
$42.8B
| $4.24M | 0.03% |
+24,019
| New | +$4.53M |
|
463
PUT
Salesforce
CRM
$171B
| $4.22M | 0.03% |
16,400
+4,500
| +38% | +$1.2M |
|
464
Boston Properties
BXP
$10.8B
| $4.21M | 0.03% |
+68,462
| New | +$4.18M |
|
465
lululemon athletica
LULU
$13.7B
| $4.21M | 0.03% |
14,096
+1,706
| +14% | +$570K |
|
466
CDW
CDW
$17.2B
| $4.2M | 0.03% |
+18,773
| New | +$4.35M |
|
467
APA Corp
APA
$15.2B
| $4.19M | 0.03% |
+142,176
| New | +$4.4M |
|
468
Scorpio Tankers
STNG
$3.93B
| $4.17M | 0.03% |
51,328
+5,087
| +11% | +$389K |
|
469
Sterling Infrastructure
STRL
$15.8B
| $4.17M | 0.03% |
35,246
+15,723
| +81% | +$1.79M |
|
470
American States Water
AWR
$3.51B
| $4.17M | 0.03% |
57,437
+38,398
| +202% | +$2.77M |
|
471
Myriad Genetics
MYGN
$306M
| $4.17M | 0.03% |
170,287
+91,221
| +115% | +$2M |
|
472
CALL
3M
MMM
$92.3B
| $4.16M | 0.03% |
40,700
+27,783
| +215% | +$2.71M |
|
473
SITE Centers
SITC
$161M
| $4.16M | 0.03% |
+367,521
| New | +$4.04M |
|
474
Floor & Decor
FND
$5.78B
| $4.15M | 0.03% |
41,739
+18,856
| +82% | +$2.17M |
|
475
CALL
Chewy
CHWY
$9.83B
| $4.12M | 0.03% |
+151,300
| New | +$2.88M |
|
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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.