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 |
Duke Energy
DUK
|
+$172M |
| 2 |
Chevron
CVX
|
+$99.4M |
| 3 |
Apple
AAPL
|
+$91.7M |
| 4 |
Evergy
EVRG
|
+$89M |
| 5 |
Consolidated Edison
ED
|
+$86.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$412M |
| 2 |
Mondelez International
MDLZ
|
+$131M |
| 3 |
Johnson & Johnson
JNJ
|
+$107M |
| 4 |
NiSource
NI
|
+$88.5M |
| 5 |
PPL
PPL Corp
PPL
|
+$86.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.81% |
| 2 | Technology | 9.77% |
| 3 | Healthcare | 7.98% |
| 4 | Utilities | 7.37% |
| 5 | Real Estate | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
LXP Industrial Trust
LXP
$3.59B
| $3.72M | 0.03% |
91,604
-23,226
| -20% | -$1.08M |
|
527
Ryder
R
$9.58B
| $3.71M | 0.03% |
+23,625
| New | +$3.69M |
|
528
ZIM Integrated Shipping Services
ZIM
$3.4B
| $3.7M | 0.03% |
172,226
+98,799
| +135% | +$2.17M |
|
529
Celsius Holdings
CELH
$8.44B
| $3.69M | 0.03% |
+139,941
| New | +$4.15M |
|
530
Royalty Pharma
RPRX
$27.3B
| $3.66M | 0.03% |
+143,601
| New | +$3.81M |
|
531
Ultragenyx Pharmaceutical
RARE
$2.55B
| $3.66M | 0.03% |
+87,017
| New | +$4.32M |
|
532
Moderna
MRNA
$57.9B
| $3.66M | 0.03% |
+87,970
| New | +$4.2M |
|
533
Old Republic International
ORI
$10B
| $3.66M | 0.03% |
101,025
-79,228
| -44% | -$2.89M |
|
534
Allegiant Air
ALGT
$2.24B
| $3.65M | 0.03% |
+38,800
| New | +$2.83M |
|
535
Thomson Reuters
TRI
$45.7B
| $3.64M | 0.03% |
22,350
+13,093
| +141% | +$2.21M |
|
536
CBIZ
CBZ
$2.97B
| $3.63M | 0.02% |
+44,411
| New | +$3.32M |
|
537
RPC Inc
RES
$1.41B
| $3.63M | 0.02% |
+611,412
| New | +$3.79M |
|
538
Mine Safety
MSA
$7.31B
| $3.61M | 0.02% |
+21,796
| New | +$3.74M |
|
539
Cheesecake Factory
CAKE
$5.64B
| $3.6M | 0.02% |
+75,988
| New | +$3.5M |
|
|
PINC
540
DELISTED
Premier
PINC
| $3.59M | 0.02% |
169,458
+136,129
| +408% | +$2.89M |
|
541
SS&C Technologies
SSNC
$19.5B
| $3.58M | 0.02% |
+47,277
| New | +$3.54M |
|
542
CALL
AbbVie
ABBV
$468B
| $3.57M | 0.02% |
20,100
+18,500
| +1,156% | +$3.4M |
|
543
PUT
Bank OZK
OZK
$5.39B
| $3.57M | 0.02% |
80,000
+40,000
| +100% | +$1.83M |
|
544
Central Garden & Pet Co Class A
CENTA
$2.41B
| $3.54M | 0.02% |
+107,061
| New | +$3.41M |
|
545
EXL Service
EXLS
$5.69B
| $3.5M | 0.02% |
78,958
+20,039
| +34% | +$867K |
|
|
AD
546
Array Digital Infrastructure
AD
$3.08B
| $3.48M | 0.02% |
55,483
+47,426
| +589% | +$2.9M |
|
547
Axos Financial
AX
$5.48B
| $3.48M | 0.02% |
+49,753
| New | +$3.63M |
|
548
CALL
Golar LNG
GLNG
$5.31B
| $3.45M | 0.02% |
81,600
-32,900
| -29% | -$1.28M |
|
549
CALL
Sphere Entertainment
SPHR
$5.69B
| $3.45M | 0.02% |
+85,500
| New | +$3.58M |
|
550
Post Holdings
POST
$3.65B
| $3.43M | 0.02% |
+29,964
| New | +$3.41M |
|
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Michael Gelband's Q4 2024 Portfolio in Review
As of Q4 2024, Michael Gelband held 2,201 positions worth $14.6B, down 11% from $16.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Michael Gelband withdrew a net $1.86B in Q4 2024, closing 764 positions and reducing 361 holdings. Its most notable exit was Mondelez International, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.8% of assets, up from 4.6% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $164M.
- Michael Gelband's largest Q4 2024 buy was Duke Energy: 1,520,504 shares worth $164M.
- Michael Gelband added most to Chevron in Q4 2024, an estimated $99.4M increase.
- Michael Gelband's biggest Q4 2024 reduction was Microsoft, cutting an estimated $412M.
- Michael Gelband fully exited Mondelez International in Q4 2024, selling an estimated $131M.
- Michael Gelband's ten largest holdings make up 34% of its $14.6B portfolio in Q4 2024.
- Michael Gelband opened 633 new positions and closed 764 in Q4 2024.
- Michael Gelband's portfolio value fell 11% quarter-over-quarter to $14.6B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.