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 | |
|---|---|---|---|---|---|---|
1251
E.W. Scripps
SSP
$309M
| $425K | ﹤0.01% |
+189,455
| New | +$485K |
|
1252
Washington Trust Bancorp
WASH
$757M
| $423K | ﹤0.01% |
+13,122
| New | +$401K |
|
|
KE
1253
Kimball Electronics
KE
$547M
| $422K | ﹤0.01% |
22,807
+3,360
| +17% | +$67.2K |
|
1254
National Healthcare
NHC
$3.58B
| $422K | ﹤0.01% |
+3,353
| New | +$422K |
|
|
ACH
1255
Accendra Health
ACH
$89.2M
| $421K | ﹤0.01% |
+26,801
| New | +$406K |
|
1256
Xponential Fitness
XPOF
$215M
| $419K | ﹤0.01% |
+33,821
| New | +$497K |
|
|
ALLK
1257
DELISTED
Allakos
ALLK
| $415K | ﹤0.01% |
636,092
-62,706
| -9% | -$45.4K |
|
1258
Sana Biotechnology
SANA
$1.13B
| $414K | ﹤0.01% |
+99,466
| New | +$523K |
|
1259
Varex Imaging
VREX
$781M
| $413K | ﹤0.01% |
+34,614
| New | +$441K |
|
1260
AnaptysBio
ANAB
$1.73B
| $412K | ﹤0.01% |
12,284
-128,215
| -91% | -$4.38M |
|
1261
Pangaea Logistics
PANL
$548M
| $412K | ﹤0.01% |
+56,930
| New | +$393K |
|
|
AOMR
1262
Angel Oak Mortgage REIT
AOMR
$197M
| $411K | ﹤0.01% |
+39,395
| New | +$455K |
|
1263
CALL
Palo Alto Networks
PANW
$286B
| $410K | ﹤0.01% |
2,400
-16,000
| -87% | -$2.69M |
|
|
1264
PUT
Palo Alto Networks
PANW
$286B
| $410K | ﹤0.01% |
2,400
-16,000
| -87% | -$2.69M |
|
1265
Alvotech
ALVO
$1.78B
| $406K | ﹤0.01% |
+34,111
| New | +$396K |
|
1266
Peoples Bancorp of North Carolina
PEBK
$236M
| $406K | ﹤0.01% |
+15,990
| New | +$461K |
|
1267
CALL
Home Depot
HD
$336B
| $405K | ﹤0.01% |
1,000
-9,800
| -91% | -$3.57M |
|
|
1268
PUT
Home Depot
HD
$336B
| $405K | ﹤0.01% |
1,000
-9,800
| -91% | -$3.57M |
|
1269
Ranpak Holdings
PACK
$432M
| $403K | ﹤0.01% |
+61,730
| New | +$425K |
|
1270
Movado Group
MOV
$773M
| $401K | ﹤0.01% |
21,565
+8,114
| +60% | +$187K |
|
1271
Savers
SVV
$1.67B
| $399K | ﹤0.01% |
37,970
+16,439
| +76% | +$168K |
|
|
LGTY
1272
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $399K | ﹤0.01% |
35,628
+5,512
| +18% | +$57.3K |
|
1273
Adecoagro
AGRO
$1.62B
| $398K | ﹤0.01% |
35,939
+17,839
| +99% | +$187K |
|
|
FNA
1274
DELISTED
Paragon 28, Inc.
FNA
| $397K | ﹤0.01% |
+59,380
| New | +$450K |
|
1275
CALL
Goldman Sachs
GS
$302B
| $396K | ﹤0.01% |
800
-7,400
| -90% | -$3.62M |
|
Similar funds
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.