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 | |
|---|---|---|---|---|---|---|
|
GES
826
DELISTED
Guess Inc
GES
| $1.46M | 0.01% |
+103,790
| New | +$1.77M |
|
827
OFG Bancorp
OFG
$2.23B
| $1.46M | 0.01% |
34,441
+16,085
| +88% | +$693K |
|
828
AutoNation
AN
$6.53B
| $1.46M | 0.01% |
+8,564
| New | +$1.45M |
|
829
First Financial Bancorp
FFBC
$3.48B
| $1.45M | 0.01% |
54,039
-92,862
| -63% | -$2.53M |
|
830
Lithia Motors
LAD
$8.17B
| $1.45M | 0.01% |
4,051
-515
| -11% | -$181K |
|
|
VBTX
831
DELISTED
Veritex Holdings
VBTX
| $1.45M | 0.01% |
53,220
-146,246
| -73% | -$4.12M |
|
832
CALL
Broadcom
AVGO
$1.72T
| $1.44M | 0.01% |
6,200
+3,100
| +100% | +$573K |
|
833
MillerKnoll
MLKN
$1.57B
| $1.44M | 0.01% |
+63,619
| New | +$1.54M |
|
|
LNW
834
DELISTED
Light & Wonder
LNW
| $1.43M | 0.01% |
16,575
-10,645
| -39% | -$997K |
|
835
Bank of N.T. Butterfield & Son
NTB
$2.31B
| $1.42M | 0.01% |
38,815
-5,183
| -12% | -$194K |
|
836
Grand Canyon Education
LOPE
$3.85B
| $1.41M | 0.01% |
+8,604
| New | +$1.32M |
|
|
PLYM
837
DELISTED
Plymouth Industrial REIT
PLYM
| $1.4M | 0.01% |
+78,623
| New | +$1.55M |
|
838
G-III Apparel Group
GIII
$1.42B
| $1.39M | 0.01% |
+42,588
| New | +$1.34M |
|
839
CALL
Micron Technology
MU
$1.03T
| $1.39M | 0.01% |
16,500
+12,200
| +284% | +$1.24M |
|
840
Nabors Industries
NBR
$1.3B
| $1.39M | 0.01% |
+24,285
| New | +$1.72M |
|
841
Global Ship Lease
GSL
$1.61B
| $1.39M | 0.01% |
63,422
-37,843
| -37% | -$883K |
|
842
NBT Bancorp
NBTB
$2.72B
| $1.38M | 0.01% |
28,956
+18,038
| +165% | +$858K |
|
843
WD-40
WDFC
$2.92B
| $1.37M | 0.01% |
5,633
-1,272
| -18% | -$339K |
|
|
SNRE
844
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $1.36M | 0.01% |
+31,615
| New | +$1.45M |
|
845
Sunrun
RUN
$2.16B
| $1.36M | 0.01% |
146,815
+51,972
| +55% | +$646K |
|
846
Paycom
PAYC
$10.4B
| $1.35M | 0.01% |
+6,613
| New | +$1.35M |
|
847
QuantumScape Corp
QS
$3.53B
| $1.35M | 0.01% |
261,078
+102,120
| +64% | +$536K |
|
848
PUT
Intel
INTC
$464B
| $1.35M | 0.01% |
67,300
+57,200
| +566% | +$1.29M |
|
849
Powell Industries
POWL
$6.94B
| $1.35M | 0.01% |
+18,255
| New | +$1.63M |
|
850
AMERISAFE
AMSF
$489M
| $1.35M | 0.01% |
26,151
-15,253
| -37% | -$825K |
|
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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.