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Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+18.5%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$15.5B
AUM Growth
+$2.94B
Cap. Flow
+$1.45B
Cap. Flow %
9.35%
Top 10 Hldgs %
30.63%
Holding
2,230
New
735
Increased
384
Reduced
378
Closed
720

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$614M
2
AAPL icon
Apple
AAPL
+$443M
3
BLD
TopBuild
BLD
+$391M
4
SPCX
SpaceX
SPCX
+$329M
5
PEN icon
Penumbra
PEN
+$203M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$1.96B
2
NVDA icon
NVIDIA
NVDA
+$425M
3
SNDK
Sandisk
SNDK
+$88M
4
SO icon
Southern Company
SO
+$80.6M
5
PPL
PPL Corp
PPL
+$74.1M

Sector Composition

Rank Sector Weight
1 Technology 16.4%
2 Industrials 13.64%
3 Consumer Discretionary 9.5%
4 Healthcare 7.9%
5 Financials 5.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EOSE icon
251
Eos Energy Enterprises
EOSE
$1.39B
$11.8M 0.08%
+2,004,017
New +$13.9M
QNT
252
Quantinuum Inc
QNT
$2.09B
$11.8M 0.08%
+144,022
New +$9.26M
ROST icon
253
Ross Stores
ROST
$76.7B
$11.8M 0.08%
55,217
-50,834
-48% -$11.4M
KIM icon
254
Kimco Realty
KIM
$16.1B
$11.7M 0.08%
462,515
+327,555
+243% +$7.86M
CDE icon
255
Coeur Mining
CDE
$21.6B
$11.7M 0.08%
+716,350
New +$13.1M
UNP icon
256
CALL
Union Pacific
UNP
$183B
$11.6M 0.07%
43,800
-13,100
-23% -$3.44M
APGE icon
257
CALL
Apogee Therapeutics
APGE
$10.2B
$11.6M 0.07%
+87,500
New +$7.88M
BIDU icon
258
Baidu
BIDU
$31.6B
$11.6M 0.07%
101,320
+14,426
+17% +$1.79M
COF icon
259
Capital One
COF
$134B
$11.6M 0.07%
57,638
+10,631
+23% +$2.03M
MU icon
260
CALL
Micron Technology
MU
$1.09T
$11.5M 0.07%
+10,000
New +$7.5M
PNR icon
261
Pentair
PNR
$10.3B
$11.5M 0.07%
150,108
+84,380
+128% +$6.67M
HST icon
262
Host Hotels & Resorts
HST
$15.9B
$11.4M 0.07%
482,509
+110,604
+30% +$2.47M
IMO icon
263
Imperial Oil
IMO
$66.8B
$11.2M 0.07%
+100,423
New +$12.6M
AEIS icon
264
Advanced Energy
AEIS
$11.4B
$11.1M 0.07%
+29,819
New +$10.4M
MMS icon
265
Maximus
MMS
$3.05B
$11.1M 0.07%
206,784
+35,508
+21% +$2.21M
ADPT icon
266
Adaptive Biotechnologies
ADPT
$4.15B
$11.1M 0.07%
518,146
-36,874
-7% -$565K
WST icon
267
West Pharmaceutical
WST
$24.8B
$11.1M 0.07%
30,860
+4,046
+15% +$1.24M
ENSG icon
268
The Ensign Group
ENSG
$10.5B
$11M 0.07%
+68,684
New +$12.1M
ELAN icon
269
Elanco Animal Health
ELAN
$12B
$11M 0.07%
446,179
-123,853
-22% -$2.86M
MIR icon
270
Mirion Technologies
MIR
$3.69B
$10.9M 0.07%
+605,134
New +$11.2M
HLI icon
271
Houlihan Lokey
HLI
$9.02B
$10.8M 0.07%
80,822
-1,752
-2% -$259K
KTB icon
272
Kontoor Brands
KTB
$4.48B
$10.8M 0.07%
+129,779
New +$9.47M
BF.B icon
273
Brown-Forman Class B
BF.B
$13.1B
$10.8M 0.07%
405,434
+331,706
+450% +$8.94M
CNA icon
274
CNA Financial
CNA
$13.3B
$10.8M 0.07%
+221,392
New +$10.1M
CFG icon
275
Citizens Financial Group
CFG
$29.4B
$10.8M 0.07%
153,537
-6,804
-4% -$439K
9 10
11
12 13

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Michael Gelband's Q2 2026 Portfolio in Review

As of Q2 2026, Michael Gelband held 2,230 positions worth $15.5B, up 23% from $12.6B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Michael Gelband deployed $1.45B of net new capital in Q2 2026, opening 735 new positions and adding to 384 existing holdings. Its largest new stake was SpaceX: 1,938,935 shares worth $331M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Tesla, an estimated $1.96B trimmed.

  • Michael Gelband's largest Q2 2026 buy was SpaceX: 1,938,935 shares worth $331M.
  • Michael Gelband added most to Amazon in Q2 2026, an estimated $614M increase.
  • Michael Gelband's biggest Q2 2026 reduction was Tesla, cutting an estimated $1.96B.
  • Michael Gelband fully exited Southern Company in Q2 2026, selling an estimated $80.6M.
  • Michael Gelband's ten largest holdings make up 31% of its $15.5B portfolio in Q2 2026.
  • Michael Gelband opened 735 new positions and closed 720 in Q2 2026.
  • Michael Gelband's portfolio value rose 23% quarter-over-quarter to $15.5B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.