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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
CVNA icon
351
Carvana
CVNA
$76.9B
$8.1M 0.05%
+123,084
New +$8.71M
ITT icon
352
ITT
ITT
$18.6B
$8.05M 0.05%
+40,684
New +$8.23M
NTAP icon
353
NetApp
NTAP
$37.7B
$8.04M 0.05%
+51,940
New +$6.79M
COAG
354
Hemab Therapeutics
COAG
$2.3B
$8.02M 0.05%
+218,287
New +$6.02M
MKC icon
355
McCormick & Company Non-Voting
MKC
$14.9B
$8.02M 0.05%
+159,015
New +$7.8M
WHR icon
356
Whirlpool
WHR
$2.63B
$8M 0.05%
+202,903
New +$9.5M
AR icon
357
Antero Resources
AR
$11.7B
$7.95M 0.05%
226,177
-101,892
-31% -$3.75M
LRCX icon
358
Lam Research
LRCX
$393B
$7.94M 0.05%
18,328
-34,229
-65% -$10.4M
EQT icon
359
EQT Corp
EQT
$33.6B
$7.93M 0.05%
+149,219
New +$8.37M
SNEX icon
360
StoneX
SNEX
$8.26B
$7.93M 0.05%
+100,322
New +$7.53M
PBI icon
361
Pitney Bowes
PBI
$2.26B
$7.86M 0.05%
448,685
-2,172
-0.5% -$33.2K
DXCM icon
362
DexCom
DXCM
$34.8B
$7.85M 0.05%
116,548
-200,519
-63% -$13.4M
RS icon
363
Reliance Steel & Aluminium
RS
$19.8B
$7.83M 0.05%
+20,971
New +$7.67M
CLH icon
364
Clean Harbors
CLH
$16.7B
$7.66M 0.05%
25,625
+13,244
+107% +$3.91M
EL icon
365
Estee Lauder
EL
$36.9B
$7.63M 0.05%
96,668
-132,893
-58% -$10.7M
ZION icon
366
Zions Bancorporation
ZION
$9.95B
$7.62M 0.05%
+110,101
New +$6.94M
CPRT icon
367
Copart
CPRT
$31.3B
$7.54M 0.05%
+267,512
New +$8.64M
SIG icon
368
Signet Jewelers
SIG
$3.16B
$7.53M 0.05%
+87,303
New +$7.55M
MSGS icon
369
Madison Square Garden
MSGS
$9.78B
$7.46M 0.05%
+18,570
New +$6.58M
BCRX icon
370
BioCryst Pharmaceuticals
BCRX
$2.44B
$7.45M 0.05%
744,917
+554,859
+292% +$5.02M
KBH icon
371
KB Home
KBH
$3.39B
$7.43M 0.05%
118,756
+86,636
+270% +$4.51M
SBAC icon
372
SBA Communications
SBAC
$19.4B
$7.42M 0.05%
42,040
+12,047
+40% +$2.48M
INSM icon
373
Insmed
INSM
$27.5B
$7.41M 0.05%
69,500
-78,633
-53% -$9.52M
JEF icon
374
Jefferies Financial Group
JEF
$12.1B
$7.33M 0.05%
146,687
+60,282
+70% +$3.11M
BNY
375
Bank of New York Mellon
BNY
$108B
$7.33M 0.05%
+50,689
New +$6.93M
13 14
15
16 17

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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.