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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+0.61%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$14.7B
AUM Growth
+$1.55B
Cap. Flow
-$42.4M
Cap. Flow %
-0.29%
Top 10 Hldgs %
33.58%
Holding
2,110
New
660
Increased
423
Reduced
368
Closed
648

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$231M
2
COP icon
ConocoPhillips
COP
+$114M
3
AAPL icon
Apple
AAPL
+$80.8M
4
BDX icon
Becton Dickinson
BDX
+$68.3M
5
SHW icon
Sherwin-Williams
SHW
+$62.8M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$351M
2
META icon
Meta Platforms (Facebook)
META
+$242M
3
GPN icon
Global Payments
GPN
+$202M
4
FCX icon
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
BOH icon
801
Bank of Hawaii
BOH
$3.03B
$1.89M 0.01%
32,962
-9,568
-22% -$555K
GBCI icon
802
Glacier Bancorp
GBCI
$6.09B
$1.88M 0.01%
+50,441
New +$1.87M
LCII icon
803
LCI Industries
LCII
$2.54B
$1.87M 0.01%
+18,126
New +$1.96M
RDWR icon
804
Radware
RDWR
$1.16B
$1.86M 0.01%
+102,155
New +$1.87M
ITT icon
805
ITT
ITT
$18.3B
$1.86M 0.01%
+14,381
New +$1.89M
KWR icon
806
Quaker Houghton
KWR
$2.79B
$1.85M 0.01%
10,926
-9,296
-46% -$1.72M
AAT
807
American Assets Trust
AAT
$1.41B
$1.85M 0.01%
82,661
-38,144
-32% -$820K
AIT icon
808
Applied Industrial Technologies
AIT
$12.4B
$1.85M 0.01%
+9,519
New +$1.82M
ARWR icon
809
Arrowhead Research
ARWR
$12.3B
$1.85M 0.01%
71,015
+2,368
+3% +$58.2K
SUM
810
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$1.85M 0.01%
+50,411
New +$1.98M
PLUS icon
811
ePlus
PLUS
$2.25B
$1.84M 0.01%
+24,963
New +$1.91M
BASE
812
DELISTED
Couchbase
BASE
$1.83M 0.01%
+100,323
New +$2.34M
NBIX icon
813
Neurocrine Biosciences
NBIX
$15.6B
$1.83M 0.01%
13,304
-24,050
-64% -$3.3M
EMB icon
814
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$1.82M 0.01%
+20,600
New +$1.83M
FIZZ icon
815
National Beverage
FIZZ
$3.1B
$1.82M 0.01%
35,530
-874
-2% -$40.9K
FLGT icon
816
Fulgent Genetics
FLGT
$535M
$1.82M 0.01%
+92,781
New +$1.94M
PSMT icon
817
Pricesmart
PSMT
$5.4B
$1.81M 0.01%
+22,355
New +$1.84M
PBA icon
818
Pembina Pipeline
PBA
$28.3B
$1.81M 0.01%
+48,800
New +$1.76M
FCN icon
819
FTI Consulting
FCN
$4.29B
$1.81M 0.01%
+8,394
New +$1.79M
HIW icon
820
Highwoods Properties
HIW
$3.5B
$1.81M 0.01%
+68,844
New +$1.76M
ATMU icon
821
Atmus Filtration Technologies
ATMU
$3.93B
$1.79M 0.01%
+62,356
New +$1.89M
EB
822
DELISTED
Eventbrite
EB
$1.79M 0.01%
370,541
+309,699
+509% +$1.62M
DFIN icon
823
Donnelley Financial Solutions
DFIN
$1.17B
$1.79M 0.01%
+29,952
New +$1.83M
CNNE icon
824
Cannae Holdings
CNNE
$668M
$1.78M 0.01%
98,395
-41,188
-30% -$800K
MMM icon
825
3M
MMM
$92.3B
$1.78M 0.01%
+17,461
New +$1.7M
31 32
33
34 35

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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.