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 | |
|---|---|---|---|---|---|---|
1776
James River Group Holdings
JRVR
$187M
| – | – |
-52,036
| Closed | -$326K |
|
1777
Kadant
KAI
$3.7B
| – | – |
-2,364
| Closed | -$799K |
|
1778
KBR
KBR
$4.86B
| – | – |
-71,878
| Closed | -$4.68M |
|
1779
Kforce
KFRC
$1.05B
| – | – |
-5,423
| Closed | -$333K |
|
1780
Korn Ferry
KFY
$4.37B
| – | – |
-16,863
| Closed | -$1.27M |
|
1781
Kodiak Gas Services
KGS
$6.21B
| – | – |
-11,163
| Closed | -$324K |
|
1782
KLA
KLAC
$240B
| – | – |
-39,890
| Closed | -$3.09M |
|
1783
Kennametal
KMT
$2.28B
| – | – |
-150,629
| Closed | -$3.91M |
|
1784
Knife River
KNF
$3.76B
| – | – |
-14,013
| Closed | -$1.25M |
|
1785
Kinsale Capital Group
KNSL
$8.74B
| – | – |
-7,059
| Closed | -$3.29M |
|
1786
Kosmos Energy
KOS
$1.76B
| – | – |
-29,433
| Closed | -$119K |
|
1787
KRONOS Worldwide
KRO
$944M
| – | – |
-54,154
| Closed | -$674K |
|
1788
Korro Bio
KRRO
$194M
| – | – |
-41,257
| Closed | -$1.38M |
|
1789
Kontoor Brands
KTB
$4.48B
| – | – |
-55,524
| Closed | -$4.54M |
|
1790
Kenvue
KVUE
$36.6B
| – | – |
-1,886,116
| Closed | -$43.6M |
|
1791
Quaker Houghton
KWR
$2.81B
| – | – |
-13,680
| Closed | -$2.31M |
|
1792
Standard BioTools
LAB
$263M
| – | – |
-100,309
| Closed | -$194K |
|
|
LADR
1793
Ladder Capital
LADR
$1.26B
| – | – |
-63,583
| Closed | -$738K |
|
1794
CS Disco
LAW
$277M
| – | – |
-38,876
| Closed | -$229K |
|
1795
Lazard
LAZ
$4.3B
| – | – |
-220,953
| Closed | -$11.1M |
|
|
LAZR
1796
DELISTED
Luminar Technologies
LAZR
| – | – |
-33,278
| Closed | -$449K |
|
1797
Lifetime Brands
LCUT
$211M
| – | – |
-10,347
| Closed | -$68K |
|
1798
Legend Biotech
LEGN
$4.24B
| – | – |
-27,202
| Closed | -$1.33M |
|
1799
Lifecore Biomedical
LFCR
$172M
| – | – |
-41,529
| Closed | -$205K |
|
1800
Li Auto
LI
$12.8B
| – | – |
-21,834
| Closed | -$560K |
|
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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.