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 | |
|---|---|---|---|---|---|---|
|
KW
651
DELISTED
Kennedy-Wilson Holdings
KW
| $2.47M | 0.02% |
223,328
-76,151
| -25% | -$807K |
|
652
CALL
VanEck Semiconductor ETF
SMH
$66.4B
| $2.45M | 0.01% |
10,000
-530,000
| -98% | -$129M |
|
653
Stepan Co
SCL
$1.45B
| $2.44M | 0.01% |
+31,614
| New | +$2.51M |
|
654
Progress Software
PRGS
$1.82B
| $2.44M | 0.01% |
+36,232
| New | +$2.07M |
|
|
LGF.A
655
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $2.44M | 0.01% |
311,657
+290,241
| +1,355% | +$2.43M |
|
656
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.07B
| $2.44M | 0.01% |
43,000
+25,000
| +139% | +$1.37M |
|
657
Lumentum
LITE
$77.7B
| $2.43M | 0.01% |
38,345
-11,410
| -23% | -$618K |
|
|
LTC
658
LTC Properties
LTC
$2.17B
| $2.42M | 0.01% |
+65,892
| New | +$2.39M |
|
659
The Mosaic Company
MOS
$7.76B
| $2.42M | 0.01% |
90,169
-179,320
| -67% | -$4.93M |
|
660
Cable One
CABO
$129M
| $2.4M | 0.01% |
+6,873
| New | +$2.46M |
|
661
Walker & Dunlop
WD
$1.38B
| $2.4M | 0.01% |
+21,081
| New | +$2.21M |
|
662
Tanger
SKT
$4.39B
| $2.39M | 0.01% |
71,916
+14,968
| +26% | +$437K |
|
|
CMA
663
DELISTED
Comerica
CMA
| $2.38M | 0.01% |
+39,646
| New | +$2.19M |
|
664
Delek US
DK
$4.38B
| $2.37M | 0.01% |
126,594
-1,172,375
| -90% | -$24.8M |
|
665
Repay Holdings
RPAY
$332M
| $2.37M | 0.01% |
+290,462
| New | +$2.56M |
|
666
Acushnet Holdings
GOLF
$5.19B
| $2.35M | 0.01% |
36,920
+13,271
| +56% | +$875K |
|
667
Lennox International
LII
$13.9B
| $2.35M | 0.01% |
+3,888
| New | +$2.22M |
|
668
California Water Service
CWT
$3.06B
| $2.34M | 0.01% |
43,127
+37,058
| +611% | +$1.97M |
|
669
Monro
MNRO
$392M
| $2.33M | 0.01% |
80,897
-54,198
| -40% | -$1.4M |
|
670
Interface
TILE
$2.25B
| $2.33M | 0.01% |
+122,972
| New | +$2.12M |
|
671
J. Jill
JILL
$302M
| $2.32M | 0.01% |
+94,222
| New | +$3.07M |
|
|
CHCT
672
Community Healthcare Trust
CHCT
$426M
| $2.32M | 0.01% |
127,718
+95,469
| +296% | +$1.95M |
|
673
iShares S&P 500 Value ETF
IVE
$50.2B
| $2.32M | 0.01% |
+11,751
| New | +$2.23M |
|
674
SL Green Realty
SLG
$4.07B
| $2.31M | 0.01% |
+33,188
| New | +$2.13M |
|
675
Hyatt Hotels
H
$17B
| $2.31M | 0.01% |
+15,174
| New | +$2.24M |
|
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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.