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 |
NVIDIA
NVDA
|
+$361M |
| 2 |
Meta Platforms (Facebook)
META
|
+$187M |
| 3 |
Duke Energy
DUK
|
+$104M |
| 4 |
ExxonMobil
XOM
|
+$102M |
| 5 |
Intel
INTC
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$399M |
| 2 |
CMS Energy
CMS
|
+$119M |
| 3 |
Constellation Brands
STZ
|
+$116M |
| 4 |
Xcel Energy
XEL
|
+$92.6M |
| 5 |
Global Payments
GPN
|
+$86.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.86% |
| 2 | Utilities | 7.16% |
| 3 | Healthcare | 6.86% |
| 4 | Industrials | 6.78% |
| 5 | Real Estate | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.18B | 9% |
2,255,300
-5,165,100
| -70% | -$2.57B |
|
|
2
NVIDIA
NVDA
$5.2T
| $562M | 4.29% |
6,221,400
+4,987,370
| +404% | +$361M |
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $536M | 4.09% |
1,025,800
-436,700
| -30% | -$217M |
|
4
PUT
Invesco QQQ Trust
QQQ
$486B
| $343M | 2.62% |
773,300
+598,300
| +342% | +$257M |
|
5
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $265M | 2.02% |
1,758,000
+968,400
| +123% | +$139M |
|
|
6
Meta Platforms (Facebook)
META
$1.4T
| $258M | 1.97% |
531,703
+419,917
| +376% | +$187M |
|
|
7
CALL
NVIDIA
NVDA
$5.2T
| $246M | 1.88% |
+2,722,000
| New | +$197M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $220M | 1.68% |
496,200
-685,800
| -58% | -$294M |
|
|
9
Global Payments
GPN
$24.7B
| $202M | 1.54% |
1,508,480
-654,289
| -30% | -$86.5M |
|
|
10
PUT
Global Payments
GPN
$24.7B
| $200M | 1.53% |
1,500,000
-700,000
| -32% | -$92.5M |
|
11
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $200M | 1.53% |
2,575,000
-1,453,800
| -36% | -$112M |
|
12
CALL
Apple
AAPL
$4.51T
| $200M | 1.53% |
1,166,100
+765,600
| +191% | +$139M |
|
13
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $191M | 1.46% |
2,021,400
+1,548,900
| +328% | +$147M |
|
14
NiSource
NI
$19.5B
| $188M | 1.43% |
6,785,329
-1,543,550
| -19% | -$40.6M |
|
|
15
PUT
Meta Platforms (Facebook)
META
$1.4T
| $162M | 1.24% |
+333,800
| New | +$149M |
|
|
PPL
16
PPL Corp
PPL
$25.9B
| $149M | 1.14% |
5,419,400
+579,294
| +12% | +$15.4M |
|
17
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $121M | 0.92% |
574,200
-571,800
| -50% | -$114M |
|
|
18
ExxonMobil
XOM
$679B
| $114M | 0.87% |
+977,724
| New | +$102M |
|
|
19
CMS Energy
CMS
$21.4B
| $113M | 0.86% |
1,873,659
-2,057,668
| -52% | -$119M |
|
20
CALL
Marvell Technology
MRVL
$213B
| $106M | 0.81% |
+1,500,000
| New | +$103M |
|
|
21
Duke Energy
DUK
$93.4B
| $106M | 0.81% |
+1,098,157
| New | +$104M |
|
22
Evergy
EVRG
$18.7B
| $92.3M | 0.7% |
1,728,628
-859,250
| -33% | -$43.9M |
|
23
Freeport-McMoran
FCX
$110B
| $86.6M | 0.66% |
1,842,606
+930,592
| +102% | +$37.6M |
|
24
Exelon
EXC
$45.1B
| $81.2M | 0.62% |
2,160,364
-1,853,454
| -46% | -$66.2M |
|
25
Microsoft
MSFT
$3.59T
| $70.8M | 0.54% |
168,260
-209,496
| -55% | -$84.8M |
|
Similar funds
Michael Gelband's Q1 2024 Portfolio in Review
As of Q1 2024, Michael Gelband held 2,094 positions worth $13.1B, down 14% from $15.2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Michael Gelband withdrew a net $3.3B in Q1 2024, closing 644 positions and reducing 360 holdings. Its most notable exit was Fidelity National Information Services, an estimated $399M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 9.3% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $106M.
- Michael Gelband's largest Q1 2024 buy was Duke Energy: 1,098,157 shares worth $106M.
- Michael Gelband added most to NVIDIA in Q1 2024, an estimated $361M increase.
- Michael Gelband's biggest Q1 2024 reduction was CMS Energy, cutting an estimated $119M.
- Michael Gelband fully exited Fidelity National Information Services in Q1 2024, selling an estimated $399M.
- Michael Gelband's ten largest holdings make up 31% of its $13.1B portfolio in Q1 2024.
- Michael Gelband opened 695 new positions and closed 644 in Q1 2024.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $13.1B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2024, filed 14 May 2024.