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 | |
|---|---|---|---|---|---|---|
|
FBMS
1076
DELISTED
The First Bancshares, Inc.
FBMS
| $649K | 0.01% |
+25,019
| New | +$643K |
|
1077
Covenant Logistics
CVLG
$879M
| $645K | ﹤0.01% |
+27,810
| New | +$667K |
|
1078
Cricut
CRCT
$1.18B
| $644K | ﹤0.01% |
135,288
+54,613
| +68% | +$291K |
|
|
SEM
1079
DELISTED
Select Medical
SEM
| $638K | ﹤0.01% |
39,299
-157,994
| -80% | -$2.31M |
|
1080
NBT Bancorp
NBTB
$2.7B
| $637K | ﹤0.01% |
+17,353
| New | +$628K |
|
|
DJTWW
1081
Trump Media & Technology Group Warrants
DJTWW
$928M
| $637K | ﹤0.01% |
+23,266
| New | +$360K |
|
1082
Hanmi Financial
HAFC
$926M
| $635K | ﹤0.01% |
39,868
+12,581
| +46% | +$205K |
|
1083
Amalgamated Financial
AMAL
$1.46B
| $633K | ﹤0.01% |
+26,395
| New | +$649K |
|
|
TBI
1084
Trueblue
TBI
$325M
| $631K | ﹤0.01% |
50,367
+5,150
| +11% | +$66.6K |
|
1085
Samsara
IOT
$23.5B
| $629K | ﹤0.01% |
16,648
-243,012
| -94% | -$8.27M |
|
1086
Golar LNG
GLNG
$5.25B
| $624K | ﹤0.01% |
25,939
-597,131
| -96% | -$13.3M |
|
1087
CALL
Nike
NKE
$60.5B
| $621K | ﹤0.01% |
+6,600
| New | +$671K |
|
|
NXH
1088
Neighborhood Intelligence Inc
NXH
$372M
| $619K | ﹤0.01% |
+18,960
| New | +$488K |
|
1089
Sabesp
SBS
$16.3B
| $619K | ﹤0.01% |
+189,698
| New | +$579K |
|
1090
FLEX LNG
FLNG
$1.72B
| $618K | ﹤0.01% |
24,301
+3,758
| +18% | +$103K |
|
1091
Recursion Pharmaceuticals
RXRX
$1.74B
| $615K | ﹤0.01% |
+61,689
| New | +$687K |
|
|
SHOE
1092
Shoe Station Group
SHOE
$424M
| $613K | ﹤0.01% |
+16,740
| New | +$496K |
|
1093
NRC Health Common Stock
NRC
$485M
| $611K | ﹤0.01% |
15,420
+10,237
| +198% | +$405K |
|
|
SLNO
1094
DELISTED
Soleno Therapeutics
SLNO
| $608K | ﹤0.01% |
+14,206
| New | +$643K |
|
1095
uniQure
QURE
$3.29B
| $607K | ﹤0.01% |
+116,708
| New | +$670K |
|
|
AD
1096
Array Digital Infrastructure
AD
$3.08B
| $605K | ﹤0.01% |
+16,582
| New | +$647K |
|
1097
Rekor Systems
REKR
$80.3M
| $601K | ﹤0.01% |
262,334
+112,334
| +75% | +$310K |
|
1098
Movado Group
MOV
$772M
| $599K | ﹤0.01% |
+21,450
| New | +$601K |
|
1099
Kanzhun
BZ
$6.9B
| $596K | ﹤0.01% |
+33,996
| New | +$536K |
|
|
FBRT
1100
Franklin BSP Realty Trust
FBRT
$701M
| $596K | ﹤0.01% |
+44,622
| New | +$582K |
|
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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.