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 |
NVIDIA
NVDA
|
+$361M |
| 2 |
Meta Platforms (Facebook)
META
|
+$187M |
| 3 |
Duke Energy
DUK
|
+$104M |
| 4 |
ExxonMobil
XOM
|
+$102M |
| 5 |
Intel
INTC
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$399M |
| 2 |
CMS Energy
CMS
|
+$119M |
| 3 |
Constellation Brands
STZ
|
+$116M |
| 4 |
Xcel Energy
XEL
|
+$92.6M |
| 5 |
Global Payments
GPN
|
+$86.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.86% |
| 2 | Utilities | 7.16% |
| 3 | Healthcare | 6.86% |
| 4 | Industrials | 6.78% |
| 5 | Real Estate | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Clear Channel Outdoor Holdings
CCO
$1.21B
| – | – |
-419,181
| Closed | -$763K |
|
1527
CareDx
CDNA
$2.51B
| – | – |
-31,246
| Closed | -$375K |
|
1528
Celsius Holdings
CELH
$8.44B
| – | – |
-11,608
| Closed | -$633K |
|
1529
Cerus
CERS
$566M
| – | – |
-42,085
| Closed | -$91K |
|
1530
CEVA Inc
CEVA
$788M
| – | – |
-38,980
| Closed | -$885K |
|
1531
Cullen/Frost Bankers
CFR
$10.2B
| – | – |
-24,221
| Closed | -$2.63M |
|
1532
Cognex
CGNX
$10.2B
| – | – |
-13,791
| Closed | -$576K |
|
1533
Churchill Downs
CHDN
$6.53B
| – | – |
-1,887
| Closed | -$255K |
|
|
CHCT
1534
Community Healthcare Trust
CHCT
$426M
| – | – |
-23,240
| Closed | -$619K |
|
1535
Chemed
CHE
$7.07B
| – | – |
-514
| Closed | -$301K |
|
1536
Cigna
CI
$73.3B
| – | – |
-71,105
| Closed | -$21.3M |
|
1537
Citizens
CIA
$190M
| – | – |
-39,723
| Closed | -$107K |
|
1538
Ciena
CIEN
$56B
| – | – |
-148,002
| Closed | -$6.66M |
|
1539
Cipher Digital
CIFR
$6.55B
| – | – |
-105,668
| Closed | -$436K |
|
1540
Cincinnati Financial
CINF
$25.8B
| – | – |
-51,956
| Closed | -$5.38M |
|
1541
Colgate-Palmolive
CL
$72.6B
| – | – |
-24,033
| Closed | -$1.92M |
|
1542
Core Laboratories
CLB
$574M
| – | – |
-18,643
| Closed | -$329K |
|
1543
Clean Energy Fuels
CLNE
$357M
| – | – |
-307,176
| Closed | -$1.18M |
|
1544
Cummins
CMI
$80.9B
| – | – |
-158,133
| Closed | -$40.8M |
|
1545
Cimpress
CMPR
$2.13B
| – | – |
-14,591
| Closed | -$1.17M |
|
|
CMPS
1546
Compass Pathways
CMPS
$1.85B
| – | – |
-277,209
| Closed | -$2.43M |
|
1547
Comtech Telecommunications
CMTL
$53M
| – | – |
-10,944
| Closed | -$92K |
|
1548
Centene
CNC
$32.1B
| – | – |
-203,123
| Closed | -$15.1M |
|
1549
Conduent
CNDT
$250M
| – | – |
-838,073
| Closed | -$3.06M |
|
1550
Cinemark Holdings
CNK
$4.24B
| – | – |
-42,022
| Closed | -$592K |
|
Similar funds
Michael Gelband's Q1 2024 Portfolio in Review
As of Q1 2024, Michael Gelband held 2,094 positions worth $13.1B, down 14% from $15.2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Michael Gelband withdrew a net $3.3B in Q1 2024, closing 644 positions and reducing 360 holdings. Its most notable exit was Fidelity National Information Services, an estimated $399M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 9.3% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $106M.
- Michael Gelband's largest Q1 2024 buy was Duke Energy: 1,098,157 shares worth $106M.
- Michael Gelband added most to NVIDIA in Q1 2024, an estimated $361M increase.
- Michael Gelband's biggest Q1 2024 reduction was CMS Energy, cutting an estimated $119M.
- Michael Gelband fully exited Fidelity National Information Services in Q1 2024, selling an estimated $399M.
- Michael Gelband's ten largest holdings make up 31% of its $13.1B portfolio in Q1 2024.
- Michael Gelband opened 695 new positions and closed 644 in Q1 2024.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $13.1B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2024, filed 14 May 2024.