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 |
NVIDIA
NVDA
|
+$361M |
| 2 |
Meta Platforms (Facebook)
META
|
+$187M |
| 3 |
Duke Energy
DUK
|
+$104M |
| 4 |
ExxonMobil
XOM
|
+$102M |
| 5 |
Intel
INTC
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$399M |
| 2 |
CMS Energy
CMS
|
+$119M |
| 3 |
Constellation Brands
STZ
|
+$116M |
| 4 |
Xcel Energy
XEL
|
+$92.6M |
| 5 |
Global Payments
GPN
|
+$86.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.86% |
| 2 | Utilities | 7.16% |
| 3 | Healthcare | 6.86% |
| 4 | Industrials | 6.78% |
| 5 | Real Estate | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
Navigator Holdings
NVGS
$1.36B
| $1.15M | 0.01% |
74,628
+40,750
| +120% | +$628K |
|
|
SWAV
902
PUT
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $1.14M | 0.01% |
+3,500
| New | +$859K |
|
903
CRISPR Therapeutics
CRSP
$5.51B
| $1.14M | 0.01% |
+16,682
| New | +$1.19M |
|
904
Solventum
SOLV
$15.3B
| $1.14M | 0.01% |
+16,340
| New | +$1.22M |
|
905
OR Royalties Inc
OR
$6.92B
| $1.14M | 0.01% |
+69,103
| New | +$1.02M |
|
906
Clearfield
CLFD
$373M
| $1.13M | 0.01% |
36,745
-2,740
| -7% | -$78.5K |
|
907
Affirm
AFRM
$25.9B
| $1.13M | 0.01% |
30,357
+24,419
| +411% | +$975K |
|
908
Dropbox
DBX
$7.54B
| $1.12M | 0.01% |
+46,074
| New | +$1.29M |
|
909
Truist Financial
TFC
$62.2B
| $1.12M | 0.01% |
28,679
+15,758
| +122% | +$576K |
|
910
AngioDynamics
ANGO
$644M
| $1.11M | 0.01% |
189,660
-439,943
| -70% | -$2.61M |
|
911
Appian
APPN
$2.77B
| $1.11M | 0.01% |
+27,814
| New | +$964K |
|
912
Franklin Electric
FELE
$4.56B
| $1.11M | 0.01% |
10,366
+7,064
| +214% | +$697K |
|
913
Atkore
ATKR
$3.17B
| $1.11M | 0.01% |
5,810
-11,463
| -66% | -$1.83M |
|
914
Stock Yards Bancorp
SYBT
$2.55B
| $1.1M | 0.01% |
22,549
+5,608
| +33% | +$266K |
|
|
WRK
915
DELISTED
WestRock Company
WRK
| $1.1M | 0.01% |
22,272
+5,473
| +33% | +$239K |
|
916
Unifirst Corp
UNF
$5.29B
| $1.1M | 0.01% |
6,333
+1,518
| +32% | +$258K |
|
917
Acco Brands
ACCO
$390M
| $1.09M | 0.01% |
+195,040
| New | +$1.16M |
|
918
MaxLinear
MXL
$5.73B
| $1.09M | 0.01% |
58,577
+314
| +0.5% | +$6.27K |
|
919
Algoma Steel
ASTL
$441M
| $1.09M | 0.01% |
128,732
+12,650
| +11% | +$107K |
|
920
Sotera Health
SHC
$5.44B
| $1.09M | 0.01% |
90,914
-880,841
| -91% | -$13.1M |
|
|
FNA
921
DELISTED
Paragon 28, Inc.
FNA
| $1.09M | 0.01% |
+88,310
| New | +$1.05M |
|
922
Playtika
PLTK
$931M
| $1.09M | 0.01% |
+154,523
| New | +$1.14M |
|
|
XRN
923
Chiron Real Estate Inc
XRN
$492M
| $1.08M | 0.01% |
+24,798
| New | +$1.19M |
|
924
Patria Investments
PAX
$1.86B
| $1.08M | 0.01% |
72,982
+34,379
| +89% | +$504K |
|
|
RPC
925
Ridgepost Capital
RPC
$989M
| $1.08M | 0.01% |
+128,628
| New | +$1.13M |
|
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Michael Gelband's Q1 2024 Portfolio in Review
As of Q1 2024, Michael Gelband held 2,094 positions worth $13.1B, down 14% from $15.2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Michael Gelband withdrew a net $3.3B in Q1 2024, closing 644 positions and reducing 360 holdings. Its most notable exit was Fidelity National Information Services, an estimated $399M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 9.3% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $106M.
- Michael Gelband's largest Q1 2024 buy was Duke Energy: 1,098,157 shares worth $106M.
- Michael Gelband added most to NVIDIA in Q1 2024, an estimated $361M increase.
- Michael Gelband's biggest Q1 2024 reduction was CMS Energy, cutting an estimated $119M.
- Michael Gelband fully exited Fidelity National Information Services in Q1 2024, selling an estimated $399M.
- Michael Gelband's ten largest holdings make up 31% of its $13.1B portfolio in Q1 2024.
- Michael Gelband opened 695 new positions and closed 644 in Q1 2024.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $13.1B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2024, filed 14 May 2024.