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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+0.61%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$14.7B
AUM Growth
+$1.55B
Cap. Flow
-$42.4M
Cap. Flow %
-0.29%
Top 10 Hldgs %
33.58%
Holding
2,110
New
660
Increased
423
Reduced
368
Closed
648

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$231M
2
COP icon
ConocoPhillips
COP
+$114M
3
AAPL icon
Apple
AAPL
+$80.8M
4
BDX icon
Becton Dickinson
BDX
+$68.3M
5
SHW icon
Sherwin-Williams
SHW
+$62.8M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$351M
2
META icon
Meta Platforms (Facebook)
META
+$242M
3
GPN icon
Global Payments
GPN
+$202M
4
FCX icon
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
AFG icon
1201
American Financial Group
AFG
$12B
$529K ﹤0.01%
4,303
-2,934
-41% -$378K
PRSU
1202
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
$529K ﹤0.01%
15,549
+8,889
+133% +$311K
MD icon
1203
Pediatrix Medical
MD
$2.16B
$528K ﹤0.01%
+69,928
New +$578K
DCBO
1204
Docebo
DCBO
$610M
$522K ﹤0.01%
+13,500
New +$554K
CECO icon
1205
Ceco Environmental
CECO
$4.18B
$506K ﹤0.01%
+17,542
New +$425K
DAKT icon
1206
Daktronics
DAKT
$918M
$506K ﹤0.01%
+36,270
New +$387K
DRVN icon
1207
Driven Brands
DRVN
$2.15B
$503K ﹤0.01%
39,518
-256,468
-87% -$3.25M
NFBK
1208
DELISTED
Northfield Bancorp
NFBK
$498K ﹤0.01%
+52,564
New +$461K
TOST icon
1209
Toast
TOST
$21.2B
$496K ﹤0.01%
19,253
-119,926
-86% -$2.9M
ELAN icon
1210
Elanco Animal Health
ELAN
$12.2B
$495K ﹤0.01%
+34,270
New +$548K
IGMS
1211
DELISTED
IGM Biosciences
IGMS
$491K ﹤0.01%
71,503
+51,180
+252% +$438K
KTOS icon
1212
Kratos Defense & Security Solutions
KTOS
$9.96B
$488K ﹤0.01%
24,406
-4,985
-17% -$97.4K
UWMC icon
1213
UWM Holdings
UWMC
$2.28B
$487K ﹤0.01%
70,337
+11,737
+20% +$80.6K
LIND icon
1214
Lindblad Expeditions
LIND
$2.09B
$486K ﹤0.01%
50,371
-76,360
-60% -$592K
CINF icon
1215
Cincinnati Financial
CINF
$26.3B
$485K ﹤0.01%
+4,108
New +$482K
CYH icon
1216
Community Health Systems
CYH
$424M
$483K ﹤0.01%
143,625
-60,221
-30% -$203K
MIDD icon
1217
Middleby
MIDD
$5.21B
$483K ﹤0.01%
+3,937
New +$534K
NAVI icon
1218
Navient
NAVI
$888M
$481K ﹤0.01%
+33,034
New +$510K
CCSI icon
1219
Consensus Cloud Solutions
CCSI
$709M
$480K ﹤0.01%
27,950
-22,554
-45% -$365K
IPI icon
1220
Intrepid Potash
IPI
$510M
$480K ﹤0.01%
+20,473
New +$471K
TNL icon
1221
Travel + Leisure Co
TNL
$4.48B
$477K ﹤0.01%
10,600
-73,505
-87% -$3.3M
RYAM icon
1222
Rayonier Advanced Materials
RYAM
$563M
$475K ﹤0.01%
87,310
+72,185
+477% +$351K
AVDX
1223
DELISTED
AvidXchange
AVDX
$474K ﹤0.01%
39,281
-150,169
-79% -$1.71M
AS icon
1224
Amer Sports
AS
$18.2B
$474K ﹤0.01%
37,733
-366,720
-91% -$5.38M
SASR
1225
DELISTED
Sandy Spring Bancorp Inc
SASR
$472K ﹤0.01%
19,360
-6,358
-25% -$141K
47 48
49
50 51

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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.