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 | |
|---|---|---|---|---|---|---|
76
TE Connectivity
TEL
$58.9B
| $27M | 0.21% |
186,179
+152,158
| +447% | +$21.3M |
|
77
Lamar Advertising Co
LAMR
$15.3B
| $26.9M | 0.21% |
225,539
+151,540
| +205% | +$16.6M |
|
78
Canadian Natural Resources
CNQ
$106B
| $26.9M | 0.21% |
704,720
+370,026
| +111% | +$12.4M |
|
|
AVB
79
DELISTED
AvalonBay Communities
AVB
| $26.5M | 0.2% |
143,055
+140,645
| +5,836% | +$25.3M |
|
80
CubeSmart
CUBE
$9.21B
| $26M | 0.2% |
+575,511
| New | +$25.5M |
|
81
PBF Energy
PBF
$8.72B
| $26M | 0.2% |
451,122
+65,052
| +17% | +$3.19M |
|
82
Commercial Metals
CMC
$7.34B
| $25.9M | 0.2% |
+440,864
| New | +$23.3M |
|
83
SLB Ltd
SLB
$79.9B
| $25.5M | 0.19% |
466,143
+182,994
| +65% | +$9.23M |
|
84
Targa Resources
TRGP
$64.1B
| $25.5M | 0.19% |
227,766
-12,715
| -5% | -$1.2M |
|
85
GE Aerospace
GE
$361B
| $24.3M | 0.19% |
173,761
-63,908
| -27% | -$7.53M |
|
86
Illinois Tool Works
ITW
$80.4B
| $24.3M | 0.19% |
+90,579
| New | +$23.5M |
|
87
McGrath RentCorp
MGRC
$2.85B
| $24.1M | 0.18% |
+195,686
| New | +$23.7M |
|
88
Autoliv
ALV
$9.18B
| $24.1M | 0.18% |
199,947
+159,278
| +392% | +$17.8M |
|
89
Union Pacific
UNP
$183B
| $24M | 0.18% |
97,742
+21,709
| +29% | +$5.34M |
|
90
Marvell Technology
MRVL
$213B
| $23.8M | 0.18% |
335,178
+258,465
| +337% | +$17.7M |
|
91
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $23.7M | 0.18% |
+45,226
| New | +$22.5M |
|
92
KKR & Co
KKR
$97.4B
| $22.5M | 0.17% |
+223,700
| New | +$20.6M |
|
93
DexCom
DXCM
$34.8B
| $22M | 0.17% |
158,928
+150,277
| +1,737% | +$18.9M |
|
94
Vertex Pharmaceuticals
VRTX
$139B
| $21.9M | 0.17% |
+52,300
| New | +$22.1M |
|
95
Advanced Micro Devices
AMD
$773B
| $21.7M | 0.17% |
120,390
+63,735
| +112% | +$11.1M |
|
96
Lennar Class A
LEN
$21B
| $21.6M | 0.17% |
129,879
-4,151
| -3% | -$624K |
|
97
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $21.4M | 0.16% |
+300,000
| New | +$20.3M |
|
98
Emcor
EME
$34.3B
| $20.9M | 0.16% |
59,787
+50,713
| +559% | +$13.6M |
|
99
DuPont de Nemours
DD
$18.7B
| $20.8M | 0.16% |
215,726
+89,032
| +70% | +$7.92M |
|
100
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $20.3M | 0.15% |
+480,000
| New | +$18.9M |
|
Similar funds
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.