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 | |
|---|---|---|---|---|---|---|
1876
Nike
NKE
$60.5B
| – | – |
-225,561
| Closed | -$17.7M |
|
1877
Nektar Therapeutics
NKTR
$2.53B
| – | – |
-18,691
| Closed | -$364K |
|
1878
NMI Holdings
NMIH
$3.4B
| – | – |
-168,021
| Closed | -$6.92M |
|
1879
NN Inc
NNBR
$312M
| – | – |
-38,631
| Closed | -$151K |
|
1880
Northern Oil and Gas
NOG
$2.91B
| – | – |
-146,478
| Closed | -$5.19M |
|
1881
CALL
Nokia
NOK
$57B
| – | – |
-170,000
| Closed | -$744K |
|
|
1882
Nokia
NOK
$57B
| – | – |
-48,528
| Closed | -$216K |
|
|
NOTE
1883
DELISTED
FiscalNote
NOTE
| – | – |
-8,903
| Closed | -$137K |
|
1884
NOV
NOV
$7.28B
| – | – |
-193,232
| Closed | -$3.09M |
|
1885
National Presto Industries
NPK
$1.07B
| – | – |
-5,103
| Closed | -$383K |
|
1886
Nerdy
NRDY
$89.8M
| – | – |
-19,873
| Closed | -$293K |
|
1887
Napco Security Technologies
NSSC
$1.36B
| – | – |
-72,018
| Closed | -$2.91M |
|
1888
NETGEAR
NTGR
$571M
| – | – |
-64,100
| Closed | -$1.29M |
|
1889
Nutanix
NTNX
$18.3B
| – | – |
-135,802
| Closed | -$8.05M |
|
1890
NovoCure
NVCR
$1.99B
| – | – |
-415,113
| Closed | -$6.49M |
|
|
NVO
1891
Novo Nordisk
NVO
$207B
| – | – |
-115,785
| Closed | -$13.8M |
|
1892
NVR
NVR
$16.9B
| – | – |
-1,054
| Closed | -$10.3M |
|
1893
nVent Electric
NVT
$24.6B
| – | – |
-51,315
| Closed | -$3.6M |
|
1894
Newell Brands
NWL
$2.59B
| – | – |
-1,132,312
| Closed | -$8.7M |
|
1895
NexGen Energy
NXE
$7.28B
| – | – |
-321,351
| Closed | -$2.1M |
|
1896
Nexstar Media Group
NXST
$5.73B
| – | – |
-26,102
| Closed | -$4.32M |
|
1897
OceanFirst Financial
OCFC
$1.84B
| – | – |
-42,688
| Closed | -$794K |
|
1898
Ocugen
OCGN
$471M
| – | – |
-37,981
| Closed | -$38K |
|
1899
Oaktree Specialty Lending
OCSL
$1.14B
| – | – |
-60,423
| Closed | -$985K |
|
1900
Orion
OEC
$346M
| – | – |
-40,446
| Closed | -$720K |
|
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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.