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 |
Apple
AAPL
|
+$272M |
| 2 |
Meta Platforms (Facebook)
META
|
+$79.7M |
| 3 |
NVIDIA
NVDA
|
+$74.6M |
| 4 |
Procter & Gamble
PG
|
+$60.5M |
| 5 |
Microsoft
MSFT
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$158M |
| 2 |
PPL
PPL Corp
PPL
|
+$113M |
| 3 |
Southern Company
SO
|
+$111M |
| 4 |
Danaher
DHR
|
+$106M |
| 5 |
Entergy
ETR
|
+$84.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.92% |
| 2 | Industrials | 9.39% |
| 3 | Financials | 9.29% |
| 4 | Consumer Discretionary | 7.56% |
| 5 | Utilities | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Hecla Mining
HL
$13.9B
| $8.06M | 0.08% |
666,450
+151,457
| +29% | +$1.22M |
|
|
HOUS
252
DELISTED
Anywhere Real Estate
HOUS
| $8.06M | 0.08% |
+761,089
| New | +$4.47M |
|
253
Caterpillar
CAT
$381B
| $8.05M | 0.08% |
16,861
-19,033
| -53% | -$8.13M |
|
|
AIFC
254
AI Financial Corp
AIFC
$94.5M
| $8.04M | 0.08% |
+2,988,210
| New | +$17.9M |
|
255
NexGen Energy
NXE
$7.28B
| $8.03M | 0.08% |
896,909
+396,255
| +79% | +$2.92M |
|
256
Entegris
ENTG
$22B
| $8.02M | 0.08% |
86,761
+81,569
| +1,571% | +$6.94M |
|
257
Lyft
LYFT
$6.61B
| $8.01M | 0.08% |
363,893
+307,770
| +548% | +$5.15M |
|
258
Apollo Global Management
APO
$78.4B
| $7.98M | 0.08% |
+59,891
| New | +$8.48M |
|
259
HEICO Corp
HEI
$49.6B
| $7.95M | 0.08% |
24,635
+810
| +3% | +$258K |
|
260
Tyler Technologies
TYL
$14.4B
| $7.93M | 0.08% |
+15,153
| New | +$8.51M |
|
261
Rush Street Interactive
RSI
$2.98B
| $7.91M | 0.08% |
386,224
+341,029
| +755% | +$6.43M |
|
262
Liberty Energy
LBRT
$3.16B
| $7.86M | 0.08% |
636,548
-298,960
| -32% | -$3.46M |
|
263
Alamos Gold
AGI
$15.8B
| $7.82M | 0.08% |
224,274
+215,575
| +2,478% | +$6.16M |
|
264
AT&T
T
$173B
| $7.8M | 0.08% |
+276,153
| New | +$7.84M |
|
|
CVSA
265
Covista Inc
CVSA
$4.51B
| $7.79M | 0.08% |
+50,453
| New | +$6.46M |
|
266
Intuitive Surgical
ISRG
$134B
| $7.78M | 0.08% |
17,399
-125,562
| -88% | -$60.3M |
|
267
Charles River Laboratories
CRL
$14.1B
| $7.78M | 0.08% |
+49,700
| New | +$7.89M |
|
268
Vertiv
VRT
$101B
| $7.72M | 0.08% |
51,194
-19,792
| -28% | -$2.64M |
|
|
CRWV
269
CoreWeave
CRWV
$48.5B
| $7.7M | 0.08% |
56,273
-10,793
| -16% | -$1.28M |
|
270
Snowflake
SNOW
$115B
| $7.69M | 0.08% |
+34,094
| New | +$7.32M |
|
271
Federated Hermes
FHI
$4.76B
| $7.68M | 0.08% |
147,851
-86,444
| -37% | -$4.38M |
|
272
Pinterest
PINS
$13.3B
| $7.66M | 0.08% |
238,079
-214,345
| -47% | -$7.77M |
|
273
M/I Homes
MHO
$3.85B
| $7.63M | 0.08% |
+52,814
| New | +$7.14M |
|
274
Antero Resources
AR
$11.7B
| $7.59M | 0.08% |
226,139
-115,420
| -34% | -$3.85M |
|
275
Nu Holdings
NU
$70.4B
| $7.57M | 0.08% |
473,107
-482,485
| -50% | -$6.73M |
|
Similar funds
Michael Gelband's Q3 2025 Portfolio in Review
As of Q3 2025, Michael Gelband held 2,139 positions worth $9.79B, down 14% from $11.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Michael Gelband withdrew a net $2.29B in Q3 2025, closing 673 positions and reducing 386 holdings. Its most notable exit was Paramount Global Class B, an estimated $158M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 7.6% a quarter earlier, followed by Industrials and Financials.
Against the trend, Michael Gelband opened a new position in Apple worth $306M.
- Michael Gelband's largest Q3 2025 buy was Apple: 1,202,327 shares worth $306M.
- Michael Gelband added most to Procter & Gamble in Q3 2025, an estimated $60.5M increase.
- Michael Gelband's biggest Q3 2025 reduction was PPL Corp, cutting an estimated $113M.
- Michael Gelband fully exited Paramount Global Class B in Q3 2025, selling an estimated $158M.
- Michael Gelband's ten largest holdings make up 25% of its $9.79B portfolio in Q3 2025.
- Michael Gelband opened 733 new positions and closed 673 in Q3 2025.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $9.79B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.