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 |
Ameren
AEE
|
+$161M |
| 2 |
Entergy
ETR
|
+$126M |
| 3 |
Danaher
DHR
|
+$124M |
| 4 |
Cooper Companies
COO
|
+$65.6M |
| 5 |
PPL
PPL Corp
PPL
|
+$61.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$419M |
| 2 |
CMS Energy
CMS
|
+$170M |
| 3 |
Duke Energy
DUK
|
+$164M |
| 4 |
Citigroup
C
|
+$124M |
| 5 |
Chevron
CVX
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.02% |
| 2 | Utilities | 9.78% |
| 3 | Financials | 9.29% |
| 4 | Technology | 8.37% |
| 5 | Consumer Discretionary | 8.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
National Presto Industries
NPK
$1.11B
| $422K | ﹤0.01% |
+4,800
| New | +$457K |
|
|
ORC
1152
Orchid Island Capital
ORC
$1.34B
| $422K | ﹤0.01% |
+56,136
| New | +$461K |
|
|
REFI
1153
Chicago Atlantic Real Estate Finance
REFI
$276M
| $417K | ﹤0.01% |
+28,348
| New | +$442K |
|
1154
SSR Mining
SSRM
$7.87B
| $417K | ﹤0.01% |
+41,579
| New | +$384K |
|
1155
FIVE9
FIVN
$2.45B
| $412K | ﹤0.01% |
15,168
-95,976
| -86% | -$3.52M |
|
1156
ArriVent BioPharma
AVBP
$1.39B
| $412K | ﹤0.01% |
+22,268
| New | +$545K |
|
1157
AnaptysBio
ANAB
$1.73B
| $408K | ﹤0.01% |
+21,944
| New | +$366K |
|
1158
Boston Omaha
BOC
$422M
| $404K | ﹤0.01% |
27,704
+2,154
| +8% | +$31K |
|
1159
RxSight
RXST
$260M
| $403K | ﹤0.01% |
15,944
-8,473
| -35% | -$252K |
|
1160
PUT
iShares Silver Trust
SLV
$33.5B
| $403K | ﹤0.01% |
+13,000
| New | +$378K |
|
1161
Capitol Federal Financial
CFFN
$1.05B
| $400K | ﹤0.01% |
71,357
-219,358
| -75% | -$1.28M |
|
1162
Movado Group
MOV
$772M
| $396K | ﹤0.01% |
23,662
-13,307
| -36% | -$252K |
|
1163
Planet Labs
PL
$7.69B
| $394K | ﹤0.01% |
116,508
-254,070
| -69% | -$1.19M |
|
1164
Bank First Corp
BFC
$1.71B
| $393K | ﹤0.01% |
3,897
+441
| +13% | +$44.7K |
|
|
DM
1165
DELISTED
Desktop Metal, Inc.
DM
| $392K | ﹤0.01% |
79,876
+37,300
| +88% | +$96.5K |
|
1166
Rivian
RIVN
$24B
| $390K | ﹤0.01% |
31,317
-163,044
| -84% | -$2.05M |
|
1167
John B. Sanfilippo & Son
JBSS
$882M
| $387K | ﹤0.01% |
5,460
-7,424
| -58% | -$568K |
|
1168
Pinduoduo
PDD
$124B
| $387K | ﹤0.01% |
+3,273
| New | +$376K |
|
|
ITOS
1169
DELISTED
iTeos Therapeutics
ITOS
| $384K | ﹤0.01% |
64,368
-23,819
| -27% | -$175K |
|
1170
Claros Mortgage Trust
CMTG
$243M
| $381K | ﹤0.01% |
102,135
+42,366
| +71% | +$145K |
|
|
HTBK
1171
DELISTED
Heritage Commerce
HTBK
| $381K | ﹤0.01% |
40,048
-95,515
| -70% | -$936K |
|
1172
Priority Technology Holdings
PRTH
$469M
| $379K | ﹤0.01% |
+55,586
| New | +$526K |
|
|
MCHB
1173
Mechanics Bancorp
MCHB
$3.58B
| $377K | ﹤0.01% |
+32,153
| New | +$319K |
|
1174
Vita Coco
COCO
$3.67B
| $376K | ﹤0.01% |
+12,277
| New | +$438K |
|
|
SERV
1175
Serve Robotics
SERV
$405M
| $376K | ﹤0.01% |
+65,406
| New | +$858K |
|
Similar funds
Michael Gelband's Q1 2025 Portfolio in Review
As of Q1 2025, Michael Gelband held 2,114 positions worth $10.1B, down 31% from $14.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Michael Gelband withdrew a net $3.98B in Q1 2025, closing 725 positions and reducing 350 holdings. Its most notable exit was CMS Energy, an estimated $170M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 8% a quarter earlier, followed by Utilities and Financials.
Against the trend, Michael Gelband opened a new position in Ameren worth $168M.
- Michael Gelband's largest Q1 2025 buy was Ameren: 1,668,398 shares worth $168M.
- Michael Gelband added most to Danaher in Q1 2025, an estimated $124M increase.
- Michael Gelband's biggest Q1 2025 reduction was NVIDIA, cutting an estimated $419M.
- Michael Gelband fully exited CMS Energy in Q1 2025, selling an estimated $170M.
- Michael Gelband's ten largest holdings make up 26% of its $10.1B portfolio in Q1 2025.
- Michael Gelband opened 677 new positions and closed 725 in Q1 2025.
- Michael Gelband's portfolio value fell 31% quarter-over-quarter to $10.1B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2025, filed 14 May 2025.