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 | |
|---|---|---|---|---|---|---|
1151
Madrigal Pharmaceuticals
MDGL
$11.8B
| $561K | ﹤0.01% |
+2,645
| New | +$677K |
|
1152
Li Auto
LI
$12.2B
| $560K | ﹤0.01% |
+21,834
| New | +$443K |
|
1153
AvePoint
AVPT
$2.8B
| $553K | ﹤0.01% |
+46,942
| New | +$514K |
|
1154
SoFi Technologies
SOFI
$23.6B
| $553K | ﹤0.01% |
+70,374
| New | +$512K |
|
|
AGEN
1155
Agenus
AGEN
$345M
| $552K | ﹤0.01% |
+100,643
| New | +$753K |
|
1156
FTAI Infrastructure
FIP
$443M
| $549K | ﹤0.01% |
+58,683
| New | +$545K |
|
1157
Installed Building Products
IBP
$6.51B
| $549K | ﹤0.01% |
2,229
-6,228
| -74% | -$1.41M |
|
|
SHYF
1158
DELISTED
The Shyft Group
SHYF
| $544K | ﹤0.01% |
+43,318
| New | +$557K |
|
1159
e.l.f. Beauty
ELF
$6.25B
| $542K | ﹤0.01% |
+4,971
| New | +$780K |
|
1160
Equinor
EQNR
$101B
| $541K | ﹤0.01% |
+21,342
| New | +$563K |
|
1161
Pitney Bowes
PBI
$2.27B
| $541K | ﹤0.01% |
+75,815
| New | +$511K |
|
1162
CALL
Citigroup
C
$221B
| $538K | ﹤0.01% |
8,600
-4,700
| -35% | -$291K |
|
|
TE
1163
T1 Energy
TE
$1.27B
| $538K | ﹤0.01% |
+554,092
| New | +$757K |
|
1164
Citi Trends
CTRN
$619M
| $537K | ﹤0.01% |
+29,254
| New | +$506K |
|
1165
MannKind Corp
MNKD
$1.31B
| $536K | ﹤0.01% |
85,199
-118,312
| -58% | -$680K |
|
|
1166
CALL
Broadcom
AVGO
$1.71T
| $535K | ﹤0.01% |
3,100
-15,900
| -84% | -$2.55M |
|
|
GOGL
1167
DELISTED
Golden Ocean Group
GOGL
| $535K | ﹤0.01% |
39,960
-69,308
| -63% | -$862K |
|
1168
Bristow Group
VTOL
$1.36B
| $532K | ﹤0.01% |
+15,344
| New | +$554K |
|
1169
Costamare
CMRE
$1.88B
| $531K | ﹤0.01% |
33,772
+10,859
| +47% | +$157K |
|
|
INN
1170
Summit Hotel Properties
INN
$662M
| $531K | ﹤0.01% |
77,408
-98,313
| -56% | -$626K |
|
1171
PUT
Chevron
CVX
$398B
| $530K | ﹤0.01% |
3,600
-19,200
| -84% | -$2.86M |
|
1172
Carlyle Secured Lending
CGBD
$788M
| $526K | ﹤0.01% |
30,991
-30,666
| -50% | -$529K |
|
1173
Tompkins Financial
TMP
$1.41B
| $526K | ﹤0.01% |
9,104
+2,563
| +39% | +$146K |
|
1174
Columbia Financial
CLBK
$1.23B
| $523K | ﹤0.01% |
30,630
+9,844
| +47% | +$166K |
|
1175
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $523K | ﹤0.01% |
5,593
-3,430
| -38% | -$313K |
|
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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.