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 | |
|---|---|---|---|---|---|---|
1151
Fastly Inc
FSLY
$3.65B
| $475K | ﹤0.01% |
+36,642
| New | +$619K |
|
1152
Gorman-Rupp
GRC
$2.06B
| $472K | ﹤0.01% |
+11,946
| New | +$426K |
|
1153
NET Power
NPWR
$176M
| $471K | ﹤0.01% |
+41,318
| New | +$374K |
|
1154
Globalstar
GSAT
$10.6B
| $470K | ﹤0.01% |
21,293
+18,432
| +644% | +$446K |
|
|
QVCGA
1155
DELISTED
QVC Group Inc Series A
QVCGA
| $468K | ﹤0.01% |
+7,606
| New | +$398K |
|
1156
Kodiak Gas Services
KGS
$5.98B
| $465K | ﹤0.01% |
+16,995
| New | +$410K |
|
1157
Helios Technologies
HLIO
$2.44B
| $463K | ﹤0.01% |
+10,368
| New | +$445K |
|
1158
Mercury Insurance
MCY
$5.89B
| $461K | ﹤0.01% |
+8,930
| New | +$394K |
|
1159
Planet Labs
PL
$7.69B
| $460K | ﹤0.01% |
180,269
+41,722
| +30% | +$94.3K |
|
1160
Astronics
ATRO
$3.21B
| $458K | ﹤0.01% |
+28,884
| New | +$430K |
|
1161
Nu Holdings
NU
$71.3B
| $458K | ﹤0.01% |
+38,381
| New | +$392K |
|
1162
MBIA
MBI
$250M
| $457K | ﹤0.01% |
67,534
+56,627
| +519% | +$358K |
|
1163
HealthStream
HSTM
$842M
| $449K | ﹤0.01% |
16,856
-4,096
| -20% | -$110K |
|
1164
Mercer International
MERC
$26.9M
| $444K | ﹤0.01% |
+44,610
| New | +$399K |
|
1165
Domo
DOMO
$177M
| $443K | ﹤0.01% |
49,686
-1,086
| -2% | -$11.3K |
|
1166
PDF Solutions
PDFS
$1.86B
| $442K | ﹤0.01% |
+13,127
| New | +$431K |
|
1167
CALL
Costco
COST
$431B
| $439K | ﹤0.01% |
+600
| New | +$428K |
|
1168
Backblaze
BLZE
$963M
| $438K | ﹤0.01% |
42,863
+19,983
| +87% | +$185K |
|
1169
Conagra Brands
CAG
$8B
| $437K | ﹤0.01% |
14,756
-93,245
| -86% | -$2.66M |
|
|
KLG
1170
DELISTED
WK Kellogg Co
KLG
| $437K | ﹤0.01% |
+23,219
| New | +$338K |
|
1171
Freshpet
FRPT
$3.68B
| $436K | ﹤0.01% |
3,761
-4,945
| -57% | -$478K |
|
1172
Intapp
INTA
$3.13B
| $429K | ﹤0.01% |
12,497
+1,206
| +11% | +$47.4K |
|
1173
Powell Industries
POWL
$6.89B
| $425K | ﹤0.01% |
8,967
-30,906
| -78% | -$1.32M |
|
1174
UWM Holdings
UWMC
$2.28B
| $425K | ﹤0.01% |
+58,600
| New | +$395K |
|
1175
Gibraltar Industries
ROCK
$1.37B
| $424K | ﹤0.01% |
5,265
+723
| +16% | +$57.6K |
|
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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.