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 | |
|---|---|---|---|---|---|---|
1651
Genesco
GCO
$390M
| – | – |
-20,674
| Closed | -$728K |
|
1652
VanEck Gold Miners ETF
GDX
$31.8B
| – | – |
-278,580
| Closed | -$7.92M |
|
1653
Gen Digital
GEN
$17.3B
| – | – |
-346,545
| Closed | -$7.91M |
|
1654
Geospace Technologies
GEOS
$71.3M
| – | – |
-13,489
| Closed | -$175K |
|
|
GES
1655
DELISTED
Guess Inc
GES
| – | – |
-149,746
| Closed | -$3.45M |
|
1656
Gold Fields
GFI
$42.8B
| – | – |
-57,187
| Closed | -$827K |
|
1657
Globe Life
GL
$13.1B
| – | – |
-29,972
| Closed | -$3.65M |
|
1658
Gaming and Leisure Properties
GLPI
$12.7B
| – | – |
-143,350
| Closed | -$7.07M |
|
1659
CALL
Monte Rosa Therapeutics
GLUE
$1.22B
| – | – |
-100,000
| Closed | -$630K |
|
1660
Corning
GLW
$129B
| – | – |
-282,423
| Closed | -$8.6M |
|
1661
GameStop
GME
$8.17B
| – | – |
-112,719
| Closed | -$1.98M |
|
|
GMS
1662
DELISTED
GMS Inc
GMS
| – | – |
-19,457
| Closed | -$1.6M |
|
1663
Global Net Lease
GNL
$2.09B
| – | – |
-51,936
| Closed | -$517K |
|
1664
Gogo Inc
GOGO
$363M
| – | – |
-57,161
| Closed | -$579K |
|
1665
Genuine Parts
GPC
$18.5B
| – | – |
-9,294
| Closed | -$1.29M |
|
1666
Gulfport Energy Corp
GPOR
$3.07B
| – | – |
-49,150
| Closed | -$6.55M |
|
1667
GoPro
GPRO
$116M
| – | – |
-113,005
| Closed | -$392K |
|
1668
Global Ship Lease
GSL
$1.58B
| – | – |
-14,437
| Closed | -$286K |
|
1669
Garrett Motion
GTX
$4.96B
| – | – |
-49,381
| Closed | -$478K |
|
1670
Guidewire Software
GWRE
$15.8B
| – | – |
-35,412
| Closed | -$3.86M |
|
1671
Huntington Bancshares
HBAN
$34.4B
| – | – |
-79,308
| Closed | -$1.01M |
|
1672
CALL
HCA Healthcare
HCA
$92.9B
| – | – |
-68,200
| Closed | -$18.5M |
|
|
1673
PUT
HCA Healthcare
HCA
$92.9B
| – | – |
-68,200
| Closed | -$18.5M |
|
1674
HCI Group
HCI
$2.27B
| – | – |
-3,443
| Closed | -$301K |
|
|
HES
1675
DELISTED
Hess
HES
| – | – |
-220,567
| Closed | -$31.8M |
|
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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.