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 | |
|---|---|---|---|---|---|---|
|
ADAM
1026
Adamas Trust
ADAM
$886M
| $818K | 0.01% |
129,251
+64,462
| +99% | +$415K |
|
1027
Zumiez
ZUMZ
$312M
| $816K | 0.01% |
38,318
+1,310
| +4% | +$31.4K |
|
1028
Grocery Outlet
GO
$1.19B
| $815K | 0.01% |
46,437
+35,714
| +333% | +$676K |
|
1029
Mastercard
MA
$525B
| $813K | 0.01% |
1,647
-20,293
| -92% | -$9.44M |
|
1030
Moog Inc Class A
MOG.A
$12B
| $812K | ﹤0.01% |
+4,017
| New | +$756K |
|
1031
Rigetti Computing
RGTI
$5.46B
| $812K | ﹤0.01% |
+1,036,660
| New | +$946K |
|
1032
Allegion
ALLE
$13.8B
| $811K | ﹤0.01% |
+5,563
| New | +$736K |
|
1033
QCR Holdings
QCRH
$1.65B
| $808K | ﹤0.01% |
10,917
+6,039
| +124% | +$430K |
|
1034
Birkenstock
BIRK
$5.83B
| $806K | ﹤0.01% |
16,355
-1,609
| -9% | -$87.5K |
|
1035
Sturm, Ruger & Co
RGR
$615M
| $803K | ﹤0.01% |
+19,267
| New | +$813K |
|
1036
Afya
AFYA
$1.26B
| $802K | ﹤0.01% |
+46,991
| New | +$815K |
|
|
GOOD
1037
Gladstone Commercial Corp
GOOD
$638M
| $802K | ﹤0.01% |
+49,366
| New | +$741K |
|
1038
CALL
Intel
INTC
$461B
| $800K | ﹤0.01% |
34,100
-94,200
| -73% | -$2.35M |
|
1039
CVR Energy
CVI
$3.82B
| $799K | ﹤0.01% |
+34,693
| New | +$858K |
|
1040
Kadant
KAI
$3.69B
| $799K | ﹤0.01% |
2,364
-6,343
| -73% | -$2.03M |
|
1041
OceanFirst Financial
OCFC
$1.83B
| $794K | ﹤0.01% |
42,688
+20,288
| +91% | +$348K |
|
1042
CGI
GIB
$15.5B
| $789K | ﹤0.01% |
+6,861
| New | +$750K |
|
1043
Mission Produce
AVO
$1.16B
| $788K | ﹤0.01% |
61,477
+50,931
| +483% | +$565K |
|
1044
Renasant Corp
RNST
$3.79B
| $787K | ﹤0.01% |
24,204
-5,748
| -19% | -$191K |
|
1045
ChargePoint
CHPT
$153M
| $783K | ﹤0.01% |
+28,562
| New | +$993K |
|
1046
Globalstar
GSAT
$10.6B
| $782K | ﹤0.01% |
42,039
+3,406
| +9% | +$63K |
|
1047
Vipshop
VIPS
$6.88B
| $781K | ﹤0.01% |
+49,627
| New | +$664K |
|
1048
Nurix Therapeutics
NRIX
$2.73B
| $778K | ﹤0.01% |
34,613
-285,939
| -89% | -$6.48M |
|
1049
Core Laboratories
CLB
$553M
| $774K | ﹤0.01% |
+41,762
| New | +$839K |
|
1050
ATN International
ATNI
$477M
| $773K | ﹤0.01% |
+23,903
| New | +$629K |
|
Similar funds
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.