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 |
Amazon
AMZN
|
+$231M |
| 2 |
ConocoPhillips
COP
|
+$114M |
| 3 |
Apple
AAPL
|
+$80.8M |
| 4 |
Becton Dickinson
BDX
|
+$68.3M |
| 5 |
Sherwin-Williams
SHW
|
+$62.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$351M |
| 2 |
Meta Platforms (Facebook)
META
|
+$242M |
| 3 |
Global Payments
GPN
|
+$202M |
| 4 |
Freeport-McMoran
FCX
|
+$70.4M |
| 5 |
PPL
PPL Corp
PPL
|
+$61.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.2% |
| 2 | Technology | 10.13% |
| 3 | Utilities | 6.69% |
| 4 | Consumer Discretionary | 6.52% |
| 5 | Industrials | 5.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TGI
776
DELISTED
Triumph Group
TGI
| $2.01M | 0.01% |
+130,182
| New | +$1.85M |
|
777
Stride
LRN
$3.54B
| $2M | 0.01% |
28,430
+2,130
| +8% | +$142K |
|
778
Knight Transportation
KNX
$11.2B
| $2M | 0.01% |
40,055
+10,687
| +36% | +$523K |
|
779
Emerson Electric
EMR
$87.9B
| $1.98M | 0.01% |
+17,992
| New | +$1.99M |
|
780
United Bankshares
UBSI
$6.51B
| $1.97M | 0.01% |
+60,811
| New | +$2.01M |
|
781
CALL
Bank of America
BAC
$436B
| $1.97M | 0.01% |
+49,500
| New | +$1.9M |
|
782
Talos Energy
TALO
$2.83B
| $1.97M | 0.01% |
+161,972
| New | +$2.02M |
|
783
Grindr
GRND
$2.71B
| $1.97M | 0.01% |
+160,633
| New | +$1.6M |
|
784
PUT
Micron Technology
MU
$1.03T
| $1.96M | 0.01% |
14,900
+12,500
| +521% | +$1.58M |
|
785
Wingstop
WING
$3.18B
| $1.95M | 0.01% |
4,621
-1,865
| -29% | -$717K |
|
786
Regal Rexnord
RRX
$10.8B
| $1.95M | 0.01% |
14,417
+8,439
| +141% | +$1.31M |
|
787
Xerox
XRX
$374M
| $1.95M | 0.01% |
167,764
+81,663
| +95% | +$1.19M |
|
788
Aptiv
APTV
$9.83B
| $1.94M | 0.01% |
+27,542
| New | +$2.12M |
|
789
Trinity Industries
TRN
$2.37B
| $1.94M | 0.01% |
64,825
+22,585
| +53% | +$658K |
|
790
Performance Food Group
PFGC
$16.6B
| $1.94M | 0.01% |
+29,290
| New | +$2.04M |
|
791
BWX Technologies
BWXT
$13.7B
| $1.93M | 0.01% |
20,287
+8,783
| +76% | +$815K |
|
792
LGI Homes
LGIH
$1.35B
| $1.93M | 0.01% |
21,525
-16,187
| -43% | -$1.56M |
|
793
CALL
Hertz
HTZ
$781M
| $1.91M | 0.01% |
540,000
| – | – |
|
794
CALL
SiriusXM
SIRI
$9.59B
| $1.91M | 0.01% |
67,150
+13,180
| +24% | +$394K |
|
795
Kraft Heinz
KHC
$30.4B
| $1.9M | 0.01% |
+58,825
| New | +$2.1M |
|
796
EXL Service
EXLS
$5.71B
| $1.89M | 0.01% |
60,402
+33,012
| +121% | +$991K |
|
797
Korro Bio
KRRO
$192M
| $1.89M | 0.01% |
55,928
+15,026
| +37% | +$830K |
|
798
N-able
NABL
$680M
| $1.89M | 0.01% |
124,302
+12,144
| +11% | +$160K |
|
799
CALL
Adobe
ADBE
$110B
| $1.89M | 0.01% |
3,400
-9,800
| -74% | -$4.75M |
|
|
800
PUT
Adobe
ADBE
$110B
| $1.89M | 0.01% |
3,400
-9,800
| -74% | -$4.75M |
|
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Michael Gelband's Q2 2024 Portfolio in Review
As of Q2 2024, Michael Gelband held 2,110 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Michael Gelband's Q2 2024 filing shows 660 new, 423 increased, 368 reduced and 648 closed positions. Its largest new stake was Coca-Cola: 936,563 shares worth $59.6M. The largest sale was NVIDIA, an estimated $351M.
By sector, the portfolio is most concentrated in Healthcare at 10% of assets, up from 6.9% a quarter earlier, followed by Technology and Utilities.
- Michael Gelband's largest Q2 2024 buy was Coca-Cola: 936,563 shares worth $59.6M.
- Michael Gelband added most to Amazon in Q2 2024, an estimated $231M increase.
- Michael Gelband's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $351M.
- Michael Gelband fully exited Global Payments in Q2 2024, selling an estimated $202M.
- Michael Gelband's ten largest holdings make up 34% of its $14.7B portfolio in Q2 2024.
- Michael Gelband opened 660 new positions and closed 648 in Q2 2024.
- Michael Gelband's portfolio value rose 12% quarter-over-quarter to $14.7B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2024, filed 13 Aug 2024.