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 | |
|---|---|---|---|---|---|---|
1326
Sweetgreen
SG
$834M
| $304K | ﹤0.01% |
10,088
-58,710
| -85% | -$1.61M |
|
1327
Horace Mann Educators
HMN
$2.07B
| $301K | ﹤0.01% |
9,233
-55,468
| -86% | -$1.94M |
|
|
HONE
1328
DELISTED
HarborOne Bancorp
HONE
| $300K | ﹤0.01% |
+26,999
| New | +$277K |
|
|
OLO
1329
DELISTED
Olo Inc
OLO
| $300K | ﹤0.01% |
+67,965
| New | +$322K |
|
1330
Gibraltar Industries
ROCK
$1.37B
| $298K | ﹤0.01% |
4,343
-922
| -18% | -$67.1K |
|
1331
Valvoline
VVV
$4.26B
| $298K | ﹤0.01% |
+6,901
| New | +$290K |
|
1332
Beyond Meat
BYND
$243M
| $297K | ﹤0.01% |
+1,473
| New | +$314K |
|
1333
Dole
DOLE
$1.27B
| $297K | ﹤0.01% |
24,305
-110,415
| -82% | -$1.34M |
|
|
TRST
1334
Trustco Bank Corp NY
TRST
$974M
| $296K | ﹤0.01% |
10,273
-3,171
| -24% | -$87.1K |
|
1335
California Water Service
CWT
$3.14B
| $294K | ﹤0.01% |
+6,069
| New | +$295K |
|
1336
QCR Holdings
QCRH
$1.65B
| $293K | ﹤0.01% |
+4,878
| New | +$279K |
|
|
CGAU
1337
Centerra Gold
CGAU
$4.59B
| $291K | ﹤0.01% |
43,300
-18,971
| -30% | -$124K |
|
1338
Knowles
KN
$2.78B
| $291K | ﹤0.01% |
+16,871
| New | +$283K |
|
1339
Origin Bancorp
OBK
$1.64B
| $290K | ﹤0.01% |
+9,148
| New | +$280K |
|
1340
Generac Holdings
GNRC
$12B
| $285K | ﹤0.01% |
2,155
-848
| -28% | -$117K |
|
1341
Kodak
KODK
$948M
| $285K | ﹤0.01% |
+52,945
| New | +$268K |
|
1342
Byline Bancorp
BY
$1.73B
| $284K | ﹤0.01% |
+11,969
| New | +$266K |
|
1343
Crescent Capital BDC
CCAP
$396M
| $283K | ﹤0.01% |
15,069
+3,034
| +25% | +$54.2K |
|
1344
RadNet
RDNT
$5.88B
| $282K | ﹤0.01% |
4,787
-60,880
| -93% | -$3.3M |
|
1345
Carriage Services
CSV
$549M
| $278K | ﹤0.01% |
10,363
-4,670
| -31% | -$123K |
|
1346
Equity Bancshares
EQBK
$1.03B
| $278K | ﹤0.01% |
+7,900
| New | +$265K |
|
1347
Community Trust Bancorp
CTBI
$1.39B
| $277K | ﹤0.01% |
+6,335
| New | +$266K |
|
1348
NextNav
NN
$2.67B
| $275K | ﹤0.01% |
+33,933
| New | +$268K |
|
|
LGTY
1349
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $275K | ﹤0.01% |
+30,116
| New | +$307K |
|
1350
Amdocs
DOX
$6.48B
| $273K | ﹤0.01% |
+3,457
| New | +$284K |
|
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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.