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 |
Amazon
AMZN
|
+$231M |
| 2 |
ConocoPhillips
COP
|
+$114M |
| 3 |
Apple
AAPL
|
+$80.8M |
| 4 |
Becton Dickinson
BDX
|
+$68.3M |
| 5 |
Sherwin-Williams
SHW
|
+$62.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$351M |
| 2 |
Meta Platforms (Facebook)
META
|
+$242M |
| 3 |
Global Payments
GPN
|
+$202M |
| 4 |
Freeport-McMoran
FCX
|
+$70.4M |
| 5 |
PPL
PPL Corp
PPL
|
+$61.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 10.2% |
| 2 | Technology | 10.13% |
| 3 | Utilities | 6.69% |
| 4 | Consumer Discretionary | 6.52% |
| 5 | Industrials | 5.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Columbus McKinnon
CMCO
$518M
| $654K | ﹤0.01% |
18,925
-12,194
| -39% | -$495K |
|
1152
Aegon
AEG
$13.6B
| $650K | ﹤0.01% |
+106,028
| New | +$670K |
|
1153
Globalstar
GSAT
$10.6B
| $649K | ﹤0.01% |
38,633
+17,340
| +81% | +$312K |
|
1154
WaFd
WAFD
$2.69B
| $649K | ﹤0.01% |
+22,717
| New | +$629K |
|
|
ETRN
1155
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $649K | ﹤0.01% |
+50,000
| New | +$671K |
|
1156
ODDITY Tech
ODD
$629M
| $647K | ﹤0.01% |
+16,476
| New | +$613K |
|
1157
Cohen & Steers
CNS
$4.28B
| $645K | ﹤0.01% |
8,892
-6,653
| -43% | -$473K |
|
1158
Frontier Group Holdings
ULCC
$1.33B
| $638K | ﹤0.01% |
129,329
-91,618
| -41% | -$549K |
|
1159
Markel Group
MKL
$22.5B
| $637K | ﹤0.01% |
+404
| New | +$627K |
|
1160
NB Bancorp
NBBK
$986M
| $633K | ﹤0.01% |
+42,000
| New | +$612K |
|
|
HDSN
1161
Hudson Technologies
HDSN
$232M
| $632K | ﹤0.01% |
+71,921
| New | +$697K |
|
|
SRG
1162
Seritage Growth Properties
SRG
$119M
| $625K | ﹤0.01% |
133,899
+54,499
| +69% | +$396K |
|
1163
Eldorado Gold
EGO
$12.1B
| $623K | ﹤0.01% |
+42,115
| New | +$638K |
|
1164
Evolent Health
EVH
$534M
| $622K | ﹤0.01% |
+32,539
| New | +$831K |
|
1165
Teekay
TK
$1.17B
| $620K | ﹤0.01% |
69,157
-190,269
| -73% | -$1.6M |
|
1166
Universal Insurance Holdings
UVE
$1.21B
| $617K | ﹤0.01% |
32,915
+13,824
| +72% | +$269K |
|
1167
Willis Towers Watson
WTW
$32.6B
| $615K | ﹤0.01% |
+2,345
| New | +$605K |
|
1168
Fortuna Silver Mines
FSM
$3.61B
| $614K | ﹤0.01% |
+125,517
| New | +$633K |
|
|
UHT
1169
Universal Health Realty Income Trust
UHT
$582M
| $611K | ﹤0.01% |
+15,617
| New | +$571K |
|
1170
Invesco Mortgage Capital
IVR
$805M
| $608K | ﹤0.01% |
+64,855
| New | +$585K |
|
1171
Plexus
PLXS
$6.33B
| $608K | ﹤0.01% |
+5,892
| New | +$606K |
|
1172
Remitly
RELY
$5.63B
| $605K | ﹤0.01% |
49,940
-11,469
| -19% | -$178K |
|
1173
Oculis Holding
OCS
$732M
| $602K | ﹤0.01% |
+50,366
| New | +$600K |
|
1174
Sprout Social
SPT
$627M
| $602K | ﹤0.01% |
16,878
-55,631
| -77% | -$2.24M |
|
1175
1st Source
SRCE
$2.07B
| $602K | ﹤0.01% |
11,228
+1,386
| +14% | +$70.2K |
|
Similar funds
Michael Gelband's Q2 2024 Portfolio in Review
As of Q2 2024, Michael Gelband held 2,110 positions worth $14.7B, up 12% from $13.1B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Michael Gelband's Q2 2024 filing shows 660 new, 423 increased, 368 reduced and 648 closed positions. Its largest new stake was Coca-Cola: 936,563 shares worth $59.6M. The largest sale was NVIDIA, an estimated $351M.
By sector, the portfolio is most concentrated in Healthcare at 10% of assets, up from 6.9% a quarter earlier, followed by Technology and Utilities.
- Michael Gelband's largest Q2 2024 buy was Coca-Cola: 936,563 shares worth $59.6M.
- Michael Gelband added most to Amazon in Q2 2024, an estimated $231M increase.
- Michael Gelband's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $351M.
- Michael Gelband fully exited Global Payments in Q2 2024, selling an estimated $202M.
- Michael Gelband's ten largest holdings make up 34% of its $14.7B portfolio in Q2 2024.
- Michael Gelband opened 660 new positions and closed 648 in Q2 2024.
- Michael Gelband's portfolio value rose 12% quarter-over-quarter to $14.7B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2024, filed 13 Aug 2024.