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 | |
|---|---|---|---|---|---|---|
951
GameStop
GME
$8.09B
| $1.08M | 0.01% |
47,184
+32,480
| +221% | +$743K |
|
952
Immersion
IMMR
$250M
| $1.08M | 0.01% |
+121,345
| New | +$1.24M |
|
953
Carnival Corporation Ltd
CCL
$35.2B
| $1.08M | 0.01% |
+58,325
| New | +$988K |
|
954
Kura Oncology
KURA
$1.1B
| $1.07M | 0.01% |
+54,971
| New | +$1.11M |
|
955
Scorpio Tankers
STNG
$3.92B
| $1.07M | 0.01% |
15,062
-36,266
| -71% | -$2.65M |
|
|
TELL
956
DELISTED
Tellurian Inc.
TELL
| $1.06M | 0.01% |
+1,100,000
| New | +$951K |
|
957
CALL
BRC Group Holdings
RILY
$283M
| $1.06M | 0.01% |
+201,600
| New | +$2.24M |
|
958
Clear Channel Outdoor Holdings
CCO
$1.2B
| $1.06M | 0.01% |
+659,688
| New | +$1.03M |
|
959
Appian
APPN
$2.81B
| $1.05M | 0.01% |
+30,814
| New | +$998K |
|
960
Bowman Consulting
BWMN
$737M
| $1.05M | 0.01% |
+43,656
| New | +$1.21M |
|
961
Lyft
LYFT
$6.69B
| $1.05M | 0.01% |
82,068
-202,098
| -71% | -$2.41M |
|
962
AppFolio
APPF
$7.97B
| $1.04M | 0.01% |
+4,426
| New | +$1.04M |
|
963
Digi International
DGII
$2.81B
| $1.03M | 0.01% |
+37,327
| New | +$984K |
|
964
AB InBev
BUD
$156B
| $1.02M | 0.01% |
15,416
-54,901
| -78% | -$3.39M |
|
965
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $1.02M | 0.01% |
38,310
+2,284
| +6% | +$60.3K |
|
966
Qorvo
QRVO
$8.41B
| $1.02M | 0.01% |
+9,861
| New | +$1.11M |
|
967
FIGS
FIGS
$2.53B
| $1.02M | 0.01% |
+148,683
| New | +$866K |
|
968
Claros Mortgage Trust
CMTG
$243M
| $1M | 0.01% |
134,085
+39,797
| +42% | +$331K |
|
969
Artivion
AORT
$1.31B
| $1M | 0.01% |
37,650
-356,578
| -90% | -$9.27M |
|
|
KEEL
970
Keel Infrastructure Corp
KEEL
$2.01B
| $1M | 0.01% |
+474,304
| New | +$1.1M |
|
|
SHCR
971
DELISTED
Sharecare, Inc. Class A Common Stock
SHCR
| $1M | 0.01% |
+705,122
| New | +$978K |
|
972
Oaktree Specialty Lending
OCSL
$1.16B
| $985K | 0.01% |
60,423
-94,277
| -61% | -$1.61M |
|
|
PRO
973
DELISTED
PROS Holdings
PRO
| $985K | 0.01% |
53,163
-33,300
| -39% | -$703K |
|
974
Encore Capital Group
ECPG
$2.19B
| $983K | 0.01% |
+20,790
| New | +$987K |
|
975
Southwest Gas
SWX
$6.49B
| $981K | 0.01% |
+13,301
| New | +$961K |
|
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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.