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 | |
|---|---|---|---|---|---|---|
1626
CryoPort
CYRX
$868M
| – | – |
-57,568
| Closed | -$467K |
|
1627
Danaos Corp
DAC
$2.73B
| – | – |
-6,013
| Closed | -$522K |
|
1628
Dana Inc
DAN
$3.41B
| – | – |
-288,526
| Closed | -$3.05M |
|
1629
Designer Brands
DBI
$292M
| – | – |
-239,697
| Closed | -$1.77M |
|
1630
Dropbox
DBX
$7.5B
| – | – |
-190,358
| Closed | -$4.84M |
|
1631
Donaldson
DCI
$10.8B
| – | – |
-79,503
| Closed | -$5.86M |
|
1632
Datadog
DDOG
$84.6B
| – | – |
-56,042
| Closed | -$6.45M |
|
1633
Deckers Outdoor
DECK
$12.5B
| – | – |
-59,022
| Closed | -$9.41M |
|
1634
Douglas Emmett
DEI
$1.97B
| – | – |
-378,574
| Closed | -$6.65M |
|
1635
Quest Diagnostics
DGX
$27B
| – | – |
-254,598
| Closed | -$39.5M |
|
1636
1stdibs.com
DIBS
$160M
| – | – |
-23,647
| Closed | -$104K |
|
1637
Delek US
DK
$4.38B
| – | – |
-126,594
| Closed | -$2.37M |
|
1638
Dollar Tree
DLTR
$25.3B
| – | – |
-63,047
| Closed | -$4.43M |
|
1639
Krispy Kreme
DNUT
$623M
| – | – |
-41,530
| Closed | -$446K |
|
1640
Healthpeak Properties
DOC
$14.8B
| – | – |
-61,999
| Closed | -$1.42M |
|
1641
Dole
DOLE
$1.26B
| – | – |
-200,138
| Closed | -$3.26M |
|
1642
Domino's
DPZ
$11.3B
| – | – |
-17,627
| Closed | -$7.58M |
|
1643
DTE Energy
DTE
$28.1B
| – | – |
-447,843
| Closed | -$57.5M |
|
1644
DT Midstream
DTM
$12.9B
| – | – |
-27,773
| Closed | -$2.19M |
|
1645
DoubleVerify
DV
$2.06B
| – | – |
-278,129
| Closed | -$4.68M |
|
|
DX
1646
Dynex Capital
DX
$3.23B
| – | – |
-195,969
| Closed | -$2.5M |
|
1647
DXC Technology
DXC
$1.73B
| – | – |
-166,327
| Closed | -$3.45M |
|
1648
Brinker International
EAT
$10.6B
| – | – |
-71,853
| Closed | -$5.5M |
|
1649
Euronet Worldwide
EEFT
$2.62B
| – | – |
-25,229
| Closed | -$2.5M |
|
|
EFC
1650
Ellington Financial
EFC
$1.76B
| – | – |
-106,952
| Closed | -$1.38M |
|
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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.