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 | |
|---|---|---|---|---|---|---|
2026
Roku
ROKU
$23.4B
| – | – |
-25,062
| Closed | -$1.5M |
|
2027
Rapid7
RPD
$799M
| – | – |
-211,965
| Closed | -$9.16M |
|
2028
Range Resources
RRC
$9.59B
| – | – |
-126,586
| Closed | -$4.24M |
|
2029
Regal Rexnord
RRX
$11.1B
| – | – |
-14,417
| Closed | -$1.95M |
|
2030
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| – | – |
-50,000
| Closed | -$8.21M |
|
2031
Revolve Group
RVLV
$1.69B
| – | – |
-21,692
| Closed | -$345K |
|
2032
Revvity
RVTY
$13.9B
| – | – |
-144,686
| Closed | -$15.2M |
|
2033
Rayonier
RYN
$6.31B
| – | – |
-41,800
| Closed | -$1.1M |
|
2034
SentinelOne
S
$7.26B
| – | – |
-53,360
| Closed | -$1.12M |
|
2035
Sonic Automotive
SAH
$2.45B
| – | – |
-17,934
| Closed | -$977K |
|
2036
Boston Beer
SAM
$1.91B
| – | – |
-10,426
| Closed | -$3.18M |
|
|
SAND
2037
DELISTED
Sandstorm Gold
SAND
| – | – |
-37,455
| Closed | -$204K |
|
2038
Sanmina
SANM
$10.1B
| – | – |
-14,739
| Closed | -$976K |
|
|
ECHO
2039
CALL
EchoStar
ECHO
$25.2B
| – | – |
-40,000
| Closed | -$712K |
|
|
ECHO
2040
EchoStar
ECHO
$25.2B
| – | – |
-45,945
| Closed | -$818K |
|
2041
Star Bulk Carriers
SBLK
$3.41B
| – | – |
-124,976
| Closed | -$3.05M |
|
2042
CALL
Starbucks
SBUX
$122B
| – | – |
-37,900
| Closed | -$2.95M |
|
|
2043
PUT
Starbucks
SBUX
$122B
| – | – |
-32,000
| Closed | -$2.49M |
|
|
SHOE
2044
Shoe Station Group
SHOE
$420M
| – | – |
-45,120
| Closed | -$1.66M |
|
2045
SandRidge Energy
SD
$532M
| – | – |
-15,900
| Closed | -$206K |
|
2046
Seaboard Corp
SEB
$4.08B
| – | – |
-339
| Closed | -$1.07M |
|
|
SFBS
2047
ServisFirst Bancshares
SFBS
$4.74B
| – | – |
-38,742
| Closed | -$1.22M |
|
2048
Shake Shack
SHAK
$3.06B
| – | – |
-45,171
| Closed | -$4.07M |
|
2049
CALL
SiriusXM
SIRI
$9.67B
| – | – |
-67,150
| Closed | -$1.91M |
|
|
2050
PUT
SiriusXM
SIRI
$9.67B
| – | – |
-2,520
| Closed | -$72K |
|
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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.