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 | |
|---|---|---|---|---|---|---|
1851
Opko Health
OPK
$1.1B
| – | – |
-23,351
| Closed | -$28K |
|
1852
OptimizeRx
OPRX
$145M
| – | – |
-11,341
| Closed | -$138K |
|
1853
Ormat Technologies
ORA
$6.67B
| – | – |
-77,547
| Closed | -$5.13M |
|
1854
Orion Group Holdings
ORN
$375M
| – | – |
-25,613
| Closed | -$210K |
|
1855
Old Second Bancorp
OSBC
$1.29B
| – | – |
-28,850
| Closed | -$399K |
|
1856
OneSpan
OSPN
$580M
| – | – |
-92,698
| Closed | -$1.08M |
|
1857
Open Text
OTEX
$5.97B
| – | – |
-14,998
| Closed | -$582K |
|
1858
Otter Tail
OTTR
$3.81B
| – | – |
-50,816
| Closed | -$4.39M |
|
1859
Outfront Media
OUT
$5.25B
| – | – |
-271,204
| Closed | -$4.48M |
|
1860
Occidental Petroleum
OXY
$61.3B
| – | – |
-65,787
| Closed | -$4.28M |
|
1861
Pangaea Logistics
PANL
$533M
| – | – |
-27,595
| Closed | -$192K |
|
1862
Palo Alto Networks
PANW
$292B
| – | – |
-21,734
| Closed | -$3.25M |
|
1863
Paymentus
PAY
$5.04B
| – | – |
-17,074
| Closed | -$388K |
|
1864
Payoneer
PAYO
$2.41B
| – | – |
-534,520
| Closed | -$2.6M |
|
1865
Paychex
PAYX
$44.3B
| – | – |
-15,555
| Closed | -$1.91M |
|
1866
Puma Biotechnology
PBYI
$477M
| – | – |
-15,627
| Closed | -$83K |
|
1867
Invesco WilderHill Clean Energy ETF
PBW
$426M
| – | – |
-9,087
| Closed | -$209K |
|
1868
PUT
PACCAR
PCAR
$69B
| – | – |
-25,000
| Closed | -$3.1M |
|
1869
Procore
PCOR
$9.65B
| – | – |
-44,915
| Closed | -$3.69M |
|
1870
Pacira BioSciences
PCRX
$983M
| – | – |
-26,643
| Closed | -$779K |
|
1871
PDF Solutions
PDFS
$1.93B
| – | – |
-13,127
| Closed | -$442K |
|
|
PDM
1872
Piedmont Realty Trust
PDM
$1.21B
| – | – |
-704,809
| Closed | -$4.96M |
|
1873
Penumbra
PEN
$12.8B
| – | – |
-20,060
| Closed | -$4.48M |
|
1874
PENN Entertainment
PENN
$2.5B
| – | – |
-70,865
| Closed | -$1.29M |
|
1875
Procter & Gamble
PG
$336B
| – | – |
-315,179
| Closed | -$51.1M |
|
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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.