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 | |
|---|---|---|---|---|---|---|
826
Gartner
IT
$12.7B
| $1.56M | 0.01% |
+3,087
| New | +$1.48M |
|
|
HOUS
827
DELISTED
Anywhere Real Estate
HOUS
| $1.56M | 0.01% |
306,687
+272,164
| +788% | +$1.26M |
|
828
ZipRecruiter
ZIP
$371M
| $1.56M | 0.01% |
164,042
-86,885
| -35% | -$778K |
|
829
Veeco
VECO
$2.87B
| $1.55M | 0.01% |
46,658
-16,987
| -27% | -$637K |
|
|
SMAR
830
PUT
DELISTED
Smartsheet Inc.
SMAR
| $1.54M | 0.01% |
+27,900
| New | +$1.35M |
|
831
Twilio
TWLO
$34.3B
| $1.54M | 0.01% |
+23,586
| New | +$1.41M |
|
832
Hewlett Packard
HPE
$69.5B
| $1.53M | 0.01% |
75,039
-56,997
| -43% | -$1.09M |
|
833
Bath & Body Works
BBWI
$3.89B
| $1.53M | 0.01% |
+48,047
| New | +$1.59M |
|
834
Compass Minerals
CMP
$1.03B
| $1.53M | 0.01% |
+127,154
| New | +$1.35M |
|
835
Transocean
RIG
$6.46B
| $1.52M | 0.01% |
+357,288
| New | +$1.76M |
|
836
FIVE9
FIVN
$2.45B
| $1.51M | 0.01% |
+52,411
| New | +$1.89M |
|
|
AHRT
837
AH Realty Trust
AHRT
$503M
| $1.5M | 0.01% |
+138,759
| New | +$1.62M |
|
838
Grindr
GRND
$2.72B
| $1.5M | 0.01% |
125,725
-34,908
| -22% | -$413K |
|
839
Ezcorp Inc
EZPW
$2.12B
| $1.5M | 0.01% |
133,755
-59,168
| -31% | -$646K |
|
840
Quanterix
QTRX
$131M
| $1.5M | 0.01% |
+115,674
| New | +$1.55M |
|
841
CALL
Vestis
VSTS
$1.69B
| $1.5M | 0.01% |
+100,500
| New | +$1.35M |
|
|
EQC
842
DELISTED
Equity Commonwealth
EQC
| $1.5M | 0.01% |
+75,160
| New | +$1.5M |
|
843
Lindsay Corp
LNN
$1.18B
| $1.49M | 0.01% |
+11,928
| New | +$1.43M |
|
|
ARR
844
Armour Residential REIT
ARR
$2.31B
| $1.48M | 0.01% |
72,741
+30,725
| +73% | +$626K |
|
845
JB Hunt Transport Services
JBHT
$24.6B
| $1.48M | 0.01% |
8,586
-14,933
| -63% | -$2.51M |
|
846
Johnson Controls International
JCI
$86.4B
| $1.47M | 0.01% |
18,948
-81,320
| -81% | -$5.71M |
|
847
MGIC Investment
MTG
$6.4B
| $1.46M | 0.01% |
57,199
+37,507
| +190% | +$904K |
|
848
Lithia Motors
LAD
$8.17B
| $1.45M | 0.01% |
4,566
+3,639
| +393% | +$1.01M |
|
|
XRN
849
Chiron Real Estate Inc
XRN
$494M
| $1.44M | 0.01% |
29,102
-8,430
| -22% | -$397K |
|
|
BERY
850
DELISTED
Berry Global Group, Inc.
BERY
| $1.44M | 0.01% |
+23,064
| New | +$1.37M |
|
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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.