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 |
Amazon
AMZN
|
+$231M |
| 2 |
ConocoPhillips
COP
|
+$114M |
| 3 |
Apple
AAPL
|
+$80.8M |
| 4 |
Becton Dickinson
BDX
|
+$68.3M |
| 5 |
Sherwin-Williams
SHW
|
+$62.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$351M |
| 2 |
Meta Platforms (Facebook)
META
|
+$242M |
| 3 |
Global Payments
GPN
|
+$202M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
1276
Cameco
CCJ
$44.5B
| $373K | ﹤0.01% |
7,576
-48,088
| -86% | -$2.44M |
|
1277
Consolidated Water Co
CWCO
$479M
| $373K | ﹤0.01% |
14,038
-15,261
| -52% | -$399K |
|
1278
Schneider National
SNDR
$6.11B
| $370K | ﹤0.01% |
15,329
-142,656
| -90% | -$3.15M |
|
1279
Phreesia
PHR
$723M
| $368K | ﹤0.01% |
+17,372
| New | +$377K |
|
1280
Rekor Systems
REKR
$80.3M
| $366K | ﹤0.01% |
236,138
-26,196
| -10% | -$45.8K |
|
1281
GameStop
GME
$8.09B
| $363K | ﹤0.01% |
+14,704
| New | +$291K |
|
1282
ATS Corp
ATS
$1.89B
| $362K | ﹤0.01% |
11,200
+3,239
| +41% | +$105K |
|
1283
City Holding Co
CHCO
$2.04B
| $362K | ﹤0.01% |
3,405
-8,883
| -72% | -$913K |
|
1284
Stoneridge
SRI
$205M
| $360K | ﹤0.01% |
+22,566
| New | +$361K |
|
1285
BrightView Holdings
BV
$1.01B
| $359K | ﹤0.01% |
26,970
-37,822
| -58% | -$482K |
|
|
GAUZ
1286
Gauzy
GAUZ
$9.69M
| $359K | ﹤0.01% |
+29,898
| New | +$398K |
|
1287
Transcat
TRNS
$818M
| $357K | ﹤0.01% |
2,986
-1,918
| -39% | -$227K |
|
1288
NewtekOne
NEWT
$357M
| $356K | ﹤0.01% |
28,307
+8,746
| +45% | +$108K |
|
1289
OceanFirst Financial
OCFC
$1.83B
| $356K | ﹤0.01% |
+22,400
| New | +$339K |
|
1290
First Financial Corp
THFF
$947M
| $352K | ﹤0.01% |
9,554
+943
| +11% | +$34.6K |
|
1291
Revolve Group
RVLV
$1.7B
| $345K | ﹤0.01% |
21,692
-50,330
| -70% | -$963K |
|
1292
Weis Markets
WMK
$1.76B
| $345K | ﹤0.01% |
5,498
-22,279
| -80% | -$1.42M |
|
1293
The RealReal
REAL
$1.37B
| $344K | ﹤0.01% |
+107,955
| New | +$398K |
|
1294
Baytex Energy
BTE
$3.3B
| $343K | ﹤0.01% |
+98,700
| New | +$353K |
|
|
BRDG
1295
DELISTED
Bridge Investment Group
BRDG
| $342K | ﹤0.01% |
46,061
+281
| +0.6% | +$2.01K |
|
|
KREF
1296
KKR Real Estate Finance Trust
KREF
$483M
| $342K | ﹤0.01% |
+37,776
| New | +$361K |
|
|
CTLP
1297
DELISTED
Cantaloupe
CTLP
| $341K | ﹤0.01% |
51,649
-8,454
| -14% | -$54.8K |
|
1298
Midland States Bancorp
MSBI
$681M
| $339K | ﹤0.01% |
+14,964
| New | +$344K |
|
1299
Union Pacific
UNP
$184B
| $339K | ﹤0.01% |
1,500
-96,242
| -98% | -$22.6M |
|
1300
Vishay Precision Group
VPG
$881M
| $338K | ﹤0.01% |
+11,112
| New | +$364K |
|
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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.