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 | |
|---|---|---|---|---|---|---|
851
Cadre Holdings
CDRE
$1.42B
| $1.66M | 0.01% |
+49,394
| New | +$1.63M |
|
852
Emcor
EME
$33.7B
| $1.65M | 0.01% |
4,530
-55,257
| -92% | -$20.4M |
|
853
Marcus & Millichap
MMI
$1.23B
| $1.65M | 0.01% |
52,453
-9,175
| -15% | -$297K |
|
854
Ramaco Resources Class A
METC
$788M
| $1.65M | 0.01% |
+136,673
| New | +$1.9M |
|
855
CALL
Pfizer
PFE
$159B
| $1.63M | 0.01% |
+58,100
| New | +$1.6M |
|
856
First Advantage
FA
$3.55B
| $1.62M | 0.01% |
100,963
+86,338
| +590% | +$1.39M |
|
|
INST
857
DELISTED
Instructure Holdings, Inc.
INST
| $1.61M | 0.01% |
68,616
+447
| +0.7% | +$9.51K |
|
858
Euronet Worldwide
EEFT
$2.63B
| $1.6M | 0.01% |
+15,492
| New | +$1.69M |
|
859
AZZ Inc
AZZ
$4.23B
| $1.6M | 0.01% |
+20,743
| New | +$1.62M |
|
860
Rambus
RMBS
$9.44B
| $1.6M | 0.01% |
27,242
+10,321
| +61% | +$590K |
|
861
Hamilton Lane
HLNE
$4.56B
| $1.58M | 0.01% |
+12,814
| New | +$1.5M |
|
862
Danaos Corp
DAC
$2.74B
| $1.58M | 0.01% |
+17,102
| New | +$1.43M |
|
|
PPBI
863
DELISTED
Pacific Premier Bancorp
PPBI
| $1.57M | 0.01% |
+68,581
| New | +$1.52M |
|
864
Primerica
PRI
$9.23B
| $1.57M | 0.01% |
+6,619
| New | +$1.5M |
|
865
CALL
FedEx
FDX
$79.1B
| $1.56M | 0.01% |
5,200
-7,700
| -60% | -$2.01M |
|
866
Victory Capital Holdings
VCTR
$7.14B
| $1.56M | 0.01% |
32,598
+15,500
| +91% | +$759K |
|
867
Atlanta Braves Holdings Series B
BATRK
$3.37B
| $1.55M | 0.01% |
+39,425
| New | +$1.53M |
|
868
Signet Jewelers
SIG
$3.24B
| $1.55M | 0.01% |
+17,340
| New | +$1.71M |
|
869
DoorDash
DASH
$99.3B
| $1.55M | 0.01% |
+14,230
| New | +$1.71M |
|
870
Cboe Global Markets
CBOE
$32.2B
| $1.55M | 0.01% |
9,090
-15,437
| -63% | -$2.74M |
|
871
Tanger
SKT
$4.47B
| $1.54M | 0.01% |
56,948
-523,893
| -90% | -$14.4M |
|
872
Scholastic
SCHL
$760M
| $1.54M | 0.01% |
+43,377
| New | +$1.55M |
|
|
DNB
873
DELISTED
Dun & Bradstreet
DNB
| $1.53M | 0.01% |
165,531
+71,245
| +76% | +$686K |
|
874
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $1.53M | 0.01% |
+2,860
| New | +$1.54M |
|
875
AtriCure
ATRC
$2.51B
| $1.53M | 0.01% |
67,021
+5,504
| +9% | +$127K |
|
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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.