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 |
Microsoft
MSFT
|
+$384M |
| 2 |
Mondelez International
MDLZ
|
+$125M |
| 3 |
NVIDIA
NVDA
|
+$116M |
| 4 |
Johnson & Johnson
JNJ
|
+$105M |
| 5 |
Church & Dwight Co
CHD
|
+$55.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$276M |
| 2 |
Apple
AAPL
|
+$180M |
| 3 |
Duke Energy
DUK
|
+$75.7M |
| 4 |
ConocoPhillips
COP
|
+$73.6M |
| 5 |
Broadcom
AVGO
|
+$70.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.11% |
| 2 | Technology | 9.83% |
| 3 | Utilities | 6.25% |
| 4 | Real Estate | 4.8% |
| 5 | Consumer Discretionary | 4.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Murphy Oil
MUR
$5.36B
| – | – |
-170,779
| Closed | -$7.04M |
|
1927
Myriad Genetics
MYGN
$306M
| – | – |
-170,287
| Closed | -$4.17M |
|
1928
NCR Atleos
NATL
$3.43B
| – | – |
-12,462
| Closed | -$337K |
|
1929
Navient
NAVI
$886M
| – | – |
-33,034
| Closed | -$481K |
|
1930
NB Bancorp
NBBK
$963M
| – | – |
-42,000
| Closed | -$633K |
|
1931
National Bank Holdings
NBHC
$1.86B
| – | – |
-23,452
| Closed | -$916K |
|
1932
Neurocrine Biosciences
NBIX
$15.5B
| – | – |
-13,304
| Closed | -$1.83M |
|
1933
Nabors Industries
NBR
$1.37B
| – | – |
-9,330
| Closed | -$664K |
|
1934
New Fortress Energy
NFE
$78.5M
| – | – |
-155,858
| Closed | -$2.4M |
|
1935
CALL
Netflix
NFLX
$331B
| – | – |
-44,000
| Closed | -$2.97M |
|
|
1936
PUT
Netflix
NFLX
$331B
| – | – |
-44,000
| Closed | -$2.97M |
|
1937
NovaGold Resources
NG
$3.83B
| – | – |
-29,805
| Closed | -$103K |
|
|
NLOP
1938
Net Lease Office Properties
NLOP
$172M
| – | – |
-33,633
| Closed | -$828K |
|
1939
NextNav
NN
$2.96B
| – | – |
-33,933
| Closed | -$275K |
|
1940
Nelnet
NNI
$4.55B
| – | – |
-4,014
| Closed | -$405K |
|
1941
Novanta
NOVT
$5.49B
| – | – |
-103,762
| Closed | -$16.9M |
|
|
NSA
1942
DELISTED
National Storage Affiliates Trust
NSA
| – | – |
-108,110
| Closed | -$4.46M |
|
1943
Norfolk Southern
NSC
$78.8B
| – | – |
-4,800
| Closed | -$1.03M |
|
1944
Insight Enterprises
NSIT
$4.33B
| – | – |
-20,113
| Closed | -$3.99M |
|
1945
NETSCOUT
NTCT
$2.8B
| – | – |
-153,109
| Closed | -$2.8M |
|
1946
NetEase
NTES
$82.1B
| – | – |
-223,085
| Closed | -$21.3M |
|
1947
Nu Holdings
NU
$70.4B
| – | – |
-798,043
| Closed | -$10.3M |
|
1948
Nucor
NUE
$55.3B
| – | – |
-125,812
| Closed | -$19.9M |
|
|
NUVL
1949
DELISTED
Nuvalent
NUVL
| – | – |
-17,543
| Closed | -$1.33M |
|
|
NVEE
1950
DELISTED
NV5 Global
NVEE
| – | – |
-113,072
| Closed | -$2.63M |
|
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Michael Gelband's Q3 2024 Portfolio in Review
As of Q3 2024, Michael Gelband held 2,213 positions worth $16.4B, up 12% from $14.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Michael Gelband deployed $963M of net new capital in Q3 2024, opening 752 new positions and adding to 404 existing holdings. Its largest new stake was Mondelez International: 1,784,906 shares worth $131M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 10% a quarter earlier, followed by Technology and Utilities.
On the sell side, the largest reduction was ConocoPhillips, an estimated $73.6M trimmed.
- Michael Gelband's largest Q3 2024 buy was Mondelez International: 1,784,906 shares worth $131M.
- Michael Gelband added most to Microsoft in Q3 2024, an estimated $384M increase.
- Michael Gelband's biggest Q3 2024 reduction was ConocoPhillips, cutting an estimated $73.6M.
- Michael Gelband fully exited Amazon in Q3 2024, selling an estimated $276M.
- Michael Gelband's ten largest holdings make up 37% of its $16.4B portfolio in Q3 2024.
- Michael Gelband opened 752 new positions and closed 645 in Q3 2024.
- Michael Gelband's portfolio value rose 12% quarter-over-quarter to $16.4B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2024, filed 12 Nov 2024.