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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
DLTR icon
301
Dollar Tree
DLTR
$25.3B
$9.68M 0.06%
80,047
-154,807
-66% -$16.1M
BALL icon
302
Ball Corp
BALL
$16.8B
$9.68M 0.06%
+155,096
New +$9.12M
IDA icon
303
Idacorp
IDA
$7.94B
$9.59M 0.06%
+63,397
New +$9.13M
SNX icon
304
TD Synnex
SNX
$20B
$9.55M 0.06%
+35,712
New +$8.6M
CG icon
305
Carlyle Group
CG
$17.6B
$9.51M 0.06%
+225,732
New +$10.6M
CCK icon
306
Crown Holdings
CCK
$13B
$9.45M 0.06%
+84,542
New +$8.54M
KRE icon
307
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
$9.44M 0.06%
+126,100
New +$8.82M
EHC icon
308
Encompass Health
EHC
$11.9B
$9.44M 0.06%
93,353
+62,880
+206% +$6.51M
FISV
309
Fiserv Inc
FISV
$28B
$9.42M 0.06%
192,070
+101,225
+111% +$5.66M
ICE icon
310
Intercontinental Exchange
ICE
$90.5B
$9.41M 0.06%
76,473
+57,027
+293% +$8.56M
LOPE icon
311
Grand Canyon Education
LOPE
$3.84B
$9.41M 0.06%
65,769
+46,013
+233% +$7.3M
FIS icon
312
Fidelity National Information Services
FIS
$21.3B
$9.31M 0.06%
+239,495
New +$10.4M
IBKR icon
313
Interactive Brokers
IBKR
$42.5B
$9.3M 0.06%
106,863
+15,362
+17% +$1.28M
SSNC icon
314
SS&C Technologies
SSNC
$19.5B
$9.25M 0.06%
149,000
-18,365
-11% -$1.25M
GVA icon
315
Granite Construction
GVA
$5.5B
$9.2M 0.06%
+58,216
New +$7.91M
FLEX icon
316
Flex
FLEX
$40.8B
$9.17M 0.06%
56,574
-44,327
-44% -$5.38M
KMPR icon
317
Kemper
KMPR
$1.59B
$9.17M 0.06%
339,980
+83,833
+33% +$2.44M
A icon
318
Agilent Technologies
A
$44.9B
$9.12M 0.06%
68,639
-11,242
-14% -$1.37M
BAH icon
319
Booz Allen Hamilton
BAH
$9.27B
$9.11M 0.06%
+150,216
New +$11.5M
NDAQ icon
320
Nasdaq
NDAQ
$54.9B
$9.08M 0.06%
+115,239
New +$10.1M
TGTX icon
321
TG Therapeutics
TGTX
$8.31B
$9.04M 0.06%
+164,513
New +$6.73M
HRL icon
322
Hormel Foods
HRL
$13.1B
$8.96M 0.06%
+361,083
New +$8.03M
PGY icon
323
PUT
Pagaya Technologies
PGY
$1.81B
$8.87M 0.06%
486,200
-450,000
-48% -$6.39M
NVST icon
324
Envista
NVST
$4.37B
$8.86M 0.06%
336,250
-213,602
-39% -$5.39M
TECK icon
325
Teck Resources
TECK
$33.9B
$8.83M 0.06%
148,578
-140,945
-49% -$8.59M
11 12
13
14 15

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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.