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 |
Duke Energy
DUK
|
+$172M |
| 2 |
Chevron
CVX
|
+$99.4M |
| 3 |
Apple
AAPL
|
+$91.7M |
| 4 |
Evergy
EVRG
|
+$89M |
| 5 |
Consolidated Edison
ED
|
+$86.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$412M |
| 2 |
Mondelez International
MDLZ
|
+$131M |
| 3 |
Johnson & Johnson
JNJ
|
+$107M |
| 4 |
NiSource
NI
|
+$88.5M |
| 5 |
PPL
PPL Corp
PPL
|
+$86.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.81% |
| 2 | Technology | 9.77% |
| 3 | Healthcare | 7.98% |
| 4 | Utilities | 7.37% |
| 5 | Real Estate | 5.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
SmartFinancial
SMBK
$875M
| $372K | ﹤0.01% |
+12,000
| New | +$397K |
|
1227
NRC Health Common Stock
NRC
$485M
| $371K | ﹤0.01% |
21,035
+694
| +3% | +$13.2K |
|
1228
CION Investment
CION
$363M
| $370K | ﹤0.01% |
32,459
-21,652
| -40% | -$253K |
|
1229
Victory Capital Holdings
VCTR
$7.14B
| $369K | ﹤0.01% |
+5,636
| New | +$357K |
|
1230
Lightwave Logic
LWLG
$896M
| $365K | ﹤0.01% |
173,842
+162,737
| +1,465% | +$466K |
|
1231
Boston Omaha
BOC
$422M
| $362K | ﹤0.01% |
25,550
+13,417
| +111% | +$199K |
|
1232
UroGen Pharma
URGN
$2.26B
| $358K | ﹤0.01% |
+33,598
| New | +$402K |
|
1233
Alcoa
AA
$13B
| $356K | ﹤0.01% |
9,413
-476,616
| -98% | -$19.8M |
|
|
AMED
1234
DELISTED
Amedisys
AMED
| $356K | ﹤0.01% |
+3,923
| New | +$360K |
|
1235
CALL
Netflix
NFLX
$333B
| $356K | ﹤0.01% |
+4,000
| New | +$329K |
|
|
1236
PUT
Netflix
NFLX
$333B
| $356K | ﹤0.01% |
+4,000
| New | +$329K |
|
|
HONE
1237
DELISTED
HarborOne Bancorp
HONE
| $355K | ﹤0.01% |
30,038
+8,133
| +37% | +$103K |
|
|
RDUS
1238
DELISTED
Radius Recycling
RDUS
| $353K | ﹤0.01% |
23,213
-22,570
| -49% | -$405K |
|
1239
PUT
PepsiCo
PEP
$197B
| $350K | ﹤0.01% |
2,300
-1,900
| -45% | -$311K |
|
1240
Banc of California
BANC
$2.95B
| $349K | ﹤0.01% |
22,600
-63,216
| -74% | -$998K |
|
1241
NET Power
NPWR
$176M
| $348K | ﹤0.01% |
32,819
-56,206
| -63% | -$551K |
|
1242
PUT
Alphabet (Google) Class C
GOOG
$4.21T
| $343K | ﹤0.01% |
1,800
-1,100
| -38% | -$194K |
|
1243
Bank First Corp
BFC
$1.71B
| $342K | ﹤0.01% |
3,456
+273
| +9% | +$27K |
|
1244
Funko
FNKO
$385M
| $342K | ﹤0.01% |
+25,512
| New | +$300K |
|
1245
GE Aerospace
GE
$355B
| $342K | ﹤0.01% |
2,053
-93,398
| -98% | -$16.7M |
|
1246
Ranpak Holdings
PACK
$431M
| $340K | ﹤0.01% |
49,350
-12,380
| -20% | -$84.7K |
|
1247
Andersons Inc
ANDE
$2.23B
| $337K | ﹤0.01% |
+8,328
| New | +$386K |
|
1248
United Parcel Service
UPS
$87.4B
| $336K | ﹤0.01% |
+2,662
| New | +$350K |
|
1249
Watts Water Technologies
WTS
$12.4B
| $335K | ﹤0.01% |
1,650
-4,675
| -74% | -$971K |
|
1250
Beam Therapeutics
BEAM
$2.93B
| $331K | ﹤0.01% |
+13,359
| New | +$341K |
|
Similar funds
Michael Gelband's Q4 2024 Portfolio in Review
As of Q4 2024, Michael Gelband held 2,201 positions worth $14.6B, down 11% from $16.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Michael Gelband withdrew a net $1.86B in Q4 2024, closing 764 positions and reducing 361 holdings. Its most notable exit was Mondelez International, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.8% of assets, up from 4.6% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $164M.
- Michael Gelband's largest Q4 2024 buy was Duke Energy: 1,520,504 shares worth $164M.
- Michael Gelband added most to Chevron in Q4 2024, an estimated $99.4M increase.
- Michael Gelband's biggest Q4 2024 reduction was Microsoft, cutting an estimated $412M.
- Michael Gelband fully exited Mondelez International in Q4 2024, selling an estimated $131M.
- Michael Gelband's ten largest holdings make up 34% of its $14.6B portfolio in Q4 2024.
- Michael Gelband opened 633 new positions and closed 764 in Q4 2024.
- Michael Gelband's portfolio value fell 11% quarter-over-quarter to $14.6B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.