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MG

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
NJR icon
376
New Jersey Resources
NJR
$5.42B
$7.29M 0.05%
130,064
+81,533
+168% +$4.56M
MWH
377
SOLV Energy Inc
MWH
$5.69B
$7.27M 0.05%
213,617
-199,469
-48% -$7.23M
SNAP icon
378
Snap
SNAP
$9.23B
$7.24M 0.05%
1,631,356
+964,111
+144% +$5.27M
OZK icon
379
Bank OZK
OZK
$5.41B
$7.23M 0.05%
138,823
+88,253
+175% +$4.3M
STZ icon
380
Constellation Brands
STZ
$23.6B
$7.2M 0.05%
51,783
+24,163
+87% +$3.59M
SON icon
381
Sonoco
SON
$5.68B
$7.2M 0.05%
+127,803
New +$6.56M
APG icon
382
APi Group
APG
$17.7B
$7.19M 0.05%
169,775
+47,682
+39% +$2.08M
CXII
383
Churchill Capital Corp XII
CXII
$597M
$7.19M 0.05%
+675,000
New +$6.94M
NVR icon
384
NVR
NVR
$17B
$7.17M 0.05%
+1,053
New +$6.69M
SSB icon
385
SouthState Bank Corp
SSB
$10.4B
$7.17M 0.05%
+71,744
New +$6.91M
DPC
386
DPC Holdings PLC
DPC
$6.55B
$7.15M 0.05%
+145,653
New +$7.1M
ICHR icon
387
Ichor Holdings
ICHR
$2.15B
$7.13M 0.05%
63,499
+41,909
+194% +$3.02M
IVZ icon
388
Invesco
IVZ
$14.3B
$7.12M 0.05%
269,662
-74,189
-22% -$1.97M
SGHC icon
389
SGHC Ltd
SGHC
$7.06B
$7.07M 0.05%
521,647
+386,708
+287% +$4.9M
AAP icon
390
Advance Auto Parts
AAP
$2.65B
$7.01M 0.05%
+112,689
New +$6.39M
RBRK icon
391
Rubrik
RBRK
$20.4B
$7M 0.05%
87,157
-74,184
-46% -$4.67M
TRIP icon
392
TripAdvisor
TRIP
$1.21B
$6.99M 0.05%
510,090
+401,387
+369% +$4.54M
DNOW icon
393
DNOW Inc
DNOW
$2.81B
$6.97M 0.04%
+537,207
New +$6.97M
PL icon
394
Planet Labs
PL
$7.81B
$6.93M 0.04%
+209,167
New +$7.73M
BABA icon
395
Alibaba
BABA
$288B
$6.91M 0.04%
72,024
+70,478
+4,559% +$8.83M
GS icon
396
Goldman Sachs
GS
$301B
$6.84M 0.04%
6,759
-7,778
-54% -$7.58M
RMAX icon
397
RE/MAX Holdings
RMAX
$248M
$6.83M 0.04%
+692,633
New +$6.04M
IDXX icon
398
Idexx Laboratories
IDXX
$43.9B
$6.83M 0.04%
+12,971
New +$7.28M
Z icon
399
Zillow
Z
$8.26B
$6.81M 0.04%
216,136
+95,226
+79% +$3.66M
MTG icon
400
MGIC Investment
MTG
$6.42B
$6.8M 0.04%
241,125
+198,573
+467% +$5.29M
14 15
16
17 18

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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.