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 | |
|---|---|---|---|---|---|---|
726
Fulton Financial
FULT
$4.51B
| $1.9M | 0.01% |
98,436
-125,022
| -56% | -$2.45M |
|
|
GOLD
727
Gold.com Inc
GOLD
$1.34B
| $1.9M | 0.01% |
69,207
+50,580
| +272% | +$1.72M |
|
728
Charter Communications
CHTR
$17.9B
| $1.89M | 0.01% |
5,525
-7,381
| -57% | -$2.67M |
|
729
American Financial Group
AFG
$11.9B
| $1.89M | 0.01% |
+13,826
| New | +$1.9M |
|
730
Benchmark Electronics
BHE
$2.61B
| $1.89M | 0.01% |
+41,706
| New | +$1.94M |
|
731
StoneX
SNEX
$8.26B
| $1.89M | 0.01% |
+65,219
| New | +$1.83M |
|
732
Silicon Laboratories
SLAB
$7.27B
| $1.89M | 0.01% |
+15,224
| New | +$1.75M |
|
733
Sylvamo
SLVM
$1.46B
| $1.89M | 0.01% |
+23,925
| New | +$2.06M |
|
734
MediaAlpha
MAX
$793M
| $1.88M | 0.01% |
166,912
+145,271
| +671% | +$2.09M |
|
735
CRISPR Therapeutics
CRSP
$5.75B
| $1.88M | 0.01% |
+47,840
| New | +$2.26M |
|
736
Ralph Lauren
RL
$22.2B
| $1.88M | 0.01% |
+8,151
| New | +$1.74M |
|
737
CALL
Cleveland-Cliffs
CLF
$6.43B
| $1.88M | 0.01% |
+200,000
| New | +$2.41M |
|
|
TDAY
738
USA Today Co
TDAY
$950M
| $1.88M | 0.01% |
370,875
+341,598
| +1,167% | +$1.81M |
|
739
MaxLinear
MXL
$6.04B
| $1.86M | 0.01% |
+93,982
| New | +$1.51M |
|
740
Ameresco
AMRC
$1.13B
| $1.85M | 0.01% |
+78,752
| New | +$2.27M |
|
741
Deluxe
DLX
$1.08B
| $1.85M | 0.01% |
81,863
+15,827
| +24% | +$340K |
|
742
CALL
Qualcomm
QCOM
$169B
| $1.84M | 0.01% |
12,000
+9,400
| +362% | +$1.54M |
|
743
Shenandoah Telecom
SHEN
$683M
| $1.83M | 0.01% |
145,450
-12,831
| -8% | -$173K |
|
744
Amphenol
APH
$194B
| $1.83M | 0.01% |
+26,345
| New | +$1.84M |
|
745
Dell
DELL
$286B
| $1.83M | 0.01% |
+15,867
| New | +$1.99M |
|
746
Enova International
ENVA
$6.05B
| $1.83M | 0.01% |
19,080
+8,428
| +79% | +$803K |
|
|
PLGO
747
Pelagos Insurance Capital
PLGO
$2.06B
| $1.83M | 0.01% |
100,869
+38,175
| +61% | +$709K |
|
748
Twist Bioscience
TWST
$9.13B
| $1.83M | 0.01% |
+39,300
| New | +$1.78M |
|
749
M/I Homes
MHO
$3.85B
| $1.81M | 0.01% |
13,646
+4,453
| +48% | +$701K |
|
750
Collegium Pharmaceutical
COLL
$840M
| $1.81M | 0.01% |
63,239
-4,213
| -6% | -$139K |
|
Similar funds
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.