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 |
Microsoft
MSFT
|
+$384M |
| 2 |
Mondelez International
MDLZ
|
+$125M |
| 3 |
NVIDIA
NVDA
|
+$116M |
| 4 |
Johnson & Johnson
JNJ
|
+$105M |
| 5 |
Church & Dwight Co
CHD
|
+$55.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$276M |
| 2 |
Apple
AAPL
|
+$180M |
| 3 |
Duke Energy
DUK
|
+$75.7M |
| 4 |
ConocoPhillips
COP
|
+$73.6M |
| 5 |
Broadcom
AVGO
|
+$70.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.11% |
| 2 | Technology | 9.83% |
| 3 | Utilities | 6.25% |
| 4 | Real Estate | 4.8% |
| 5 | Consumer Discretionary | 4.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Howard Hughes
HHH
$3.97B
| $3.67M | 0.02% |
47,443
+107
| +0.2% | +$7.56K |
|
|
SEMR
527
DELISTED
Semrush
SEMR
| $3.67M | 0.02% |
+233,813
| New | +$3.26M |
|
528
Zions Bancorporation
ZION
$9.95B
| $3.67M | 0.02% |
+77,765
| New | +$3.68M |
|
|
SWTX
529
DELISTED
SpringWorks Therapeutics
SWTX
| $3.66M | 0.02% |
114,300
-28,055
| -20% | -$1.05M |
|
530
Starwood Property Trust
STWD
$6.06B
| $3.66M | 0.02% |
179,385
+157,103
| +705% | +$3.14M |
|
|
BRSL
531
Brightstar Lottery PLC
BRSL
$2.21B
| $3.65M | 0.02% |
171,200
+151,694
| +778% | +$3.26M |
|
532
Cboe Global Markets
CBOE
$31.4B
| $3.64M | 0.02% |
17,747
+8,657
| +95% | +$1.7M |
|
533
Kemper
KMPR
$1.59B
| $3.63M | 0.02% |
59,218
+35,503
| +150% | +$2.18M |
|
534
nCino
NCNO
$2.26B
| $3.61M | 0.02% |
+114,334
| New | +$3.62M |
|
535
nVent Electric
NVT
$24.6B
| $3.6M | 0.02% |
51,315
-9,063
| -15% | -$625K |
|
536
Shopify
SHOP
$192B
| $3.59M | 0.02% |
+44,758
| New | +$3.09M |
|
537
Hilton Grand Vacations
HGV
$3.51B
| $3.55M | 0.02% |
+97,709
| New | +$3.78M |
|
538
CBRE Group
CBRE
$44B
| $3.53M | 0.02% |
28,350
-24,869
| -47% | -$2.71M |
|
539
Evertec
EVTC
$1.79B
| $3.52M | 0.02% |
+103,718
| New | +$3.46M |
|
540
Ormat Technologies
ORA
$6.67B
| $3.5M | 0.02% |
+45,462
| New | +$3.37M |
|
|
DEA
541
Easterly Government Properties
DEA
$1.16B
| $3.5M | 0.02% |
+102,970
| New | +$3.45M |
|
542
Associated Banc-Corp
ASB
$5.82B
| $3.49M | 0.02% |
162,039
+146,434
| +938% | +$3.18M |
|
543
Aaon
AAON
$6.55B
| $3.48M | 0.02% |
+32,299
| New | +$2.95M |
|
|
DFS
544
DELISTED
Discover Financial Services
DFS
| $3.47M | 0.02% |
24,758
-17,955
| -42% | -$2.42M |
|
545
Rollins
ROL
$17.8B
| $3.47M | 0.02% |
+68,539
| New | +$3.38M |
|
546
DXC Technology
DXC
$1.73B
| $3.45M | 0.02% |
+166,327
| New | +$3.31M |
|
547
Liberty Live Group Series A
LLYVA
$9.36B
| $3.45M | 0.02% |
69,661
-30,850
| -31% | -$1.2M |
|
548
Teledyne Technologies
TDY
$29.5B
| $3.42M | 0.02% |
+7,809
| New | +$3.24M |
|
|
UCB
549
United Community Banks
UCB
$4.29B
| $3.42M | 0.02% |
117,478
-94,911
| -45% | -$2.72M |
|
550
Boyd Gaming
BYD
$5.87B
| $3.42M | 0.02% |
52,816
-66,535
| -56% | -$3.93M |
|
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Michael Gelband's Q3 2024 Portfolio in Review
As of Q3 2024, Michael Gelband held 2,213 positions worth $16.4B, up 12% from $14.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Michael Gelband deployed $963M of net new capital in Q3 2024, opening 752 new positions and adding to 404 existing holdings. Its largest new stake was Mondelez International: 1,784,906 shares worth $131M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 10% a quarter earlier, followed by Technology and Utilities.
On the sell side, the largest reduction was ConocoPhillips, an estimated $73.6M trimmed.
- Michael Gelband's largest Q3 2024 buy was Mondelez International: 1,784,906 shares worth $131M.
- Michael Gelband added most to Microsoft in Q3 2024, an estimated $384M increase.
- Michael Gelband's biggest Q3 2024 reduction was ConocoPhillips, cutting an estimated $73.6M.
- Michael Gelband fully exited Amazon in Q3 2024, selling an estimated $276M.
- Michael Gelband's ten largest holdings make up 37% of its $16.4B portfolio in Q3 2024.
- Michael Gelband opened 752 new positions and closed 645 in Q3 2024.
- Michael Gelband's portfolio value rose 12% quarter-over-quarter to $16.4B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.