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 | |
|---|---|---|---|---|---|---|
501
Coty
COTY
$2.41B
| $3.58M | 0.03% |
+298,932
| New | +$3.65M |
|
502
NCR Voyix
VYX
$1.09B
| $3.57M | 0.03% |
282,866
+248,451
| +722% | +$3.58M |
|
503
Sensata Technologies
ST
$6.23B
| $3.55M | 0.03% |
96,711
-42,116
| -30% | -$1.47M |
|
504
CALL
Ford
F
$57.5B
| $3.54M | 0.03% |
+266,900
| New | +$3.24M |
|
505
Rayonier
RYN
$6.31B
| $3.54M | 0.03% |
+117,435
| New | +$3.51M |
|
506
Valaris
VAL
$6.09B
| $3.51M | 0.03% |
+46,637
| New | +$3.13M |
|
507
Albany International
AIN
$1.68B
| $3.49M | 0.03% |
+37,316
| New | +$3.42M |
|
508
Rockwell Automation
ROK
$48.5B
| $3.49M | 0.03% |
+11,966
| New | +$3.45M |
|
509
CNX Resources
CNX
$5.38B
| $3.48M | 0.03% |
+146,586
| New | +$3.04M |
|
510
Toast
TOST
$21.2B
| $3.47M | 0.03% |
139,179
-18,138
| -12% | -$376K |
|
511
SharkNinja
SN
$25.5B
| $3.45M | 0.03% |
+55,415
| New | +$2.93M |
|
512
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $3.45M | 0.03% |
37,500
+22,348
| +147% | +$1.99M |
|
513
Graco
GGG
$13.1B
| $3.44M | 0.03% |
+36,847
| New | +$3.26M |
|
514
Collegium Pharmaceutical
COLL
$840M
| $3.44M | 0.03% |
88,603
+50,351
| +132% | +$1.76M |
|
515
Perspective Therapeutics
CATX
$377M
| $3.44M | 0.03% |
+288,894
| New | +$2.46M |
|
516
Maravai LifeSciences
MRVI
$1.29B
| $3.43M | 0.03% |
+395,547
| New | +$2.68M |
|
517
Leggett & Platt
LEG
$1.29B
| $3.43M | 0.03% |
+178,997
| New | +$3.89M |
|
518
Gates Industrial Corp
GTES
$6.56B
| $3.41M | 0.03% |
192,418
+39,729
| +26% | +$575K |
|
519
GFL Environmental
GFL
$14.8B
| $3.4M | 0.03% |
+98,401
| New | +$3.4M |
|
520
H&R Block
HRB
$6.62B
| $3.39M | 0.03% |
+68,958
| New | +$3.28M |
|
521
Mastercard
MA
$509B
| $3.38M | 0.03% |
+7,018
| New | +$3.21M |
|
522
T-Mobile US
TMUS
$196B
| $3.38M | 0.03% |
20,686
-18,920
| -48% | -$3.08M |
|
523
Ollie's Bargain Outlet
OLLI
$4.6B
| $3.37M | 0.03% |
42,351
-12,661
| -23% | -$956K |
|
524
Dollar Tree
DLTR
$25.3B
| $3.37M | 0.03% |
+25,296
| New | +$3.48M |
|
525
Builders FirstSource
BLDR
$7.55B
| $3.36M | 0.03% |
16,102
-11,050
| -41% | -$2.04M |
|
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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.