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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
WBD icon
26
CALL
Warner Bros
WBD
$71.6B
$71.2M 0.46%
2,679,400
+1,278,300
+91% +$34.6M
EVRG icon
27
Evergy
EVRG
$18.7B
$70.2M 0.45%
811,921
-147,495
-15% -$12.2M
XLF icon
28
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
$69.7M 0.45%
1,300,110
+1,245,651
+2,287% +$64.7M
INTC icon
29
Intel
INTC
$476B
$68.6M 0.44%
491,218
+61,539
+14% +$6.22M
CBRS
30
Cerebras Systems
CBRS
$46.6B
$64.6M 0.42%
+292,273
New +$68.8M
XLF icon
31
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
$64.3M 0.41%
1,200,000
+914,800
+321% +$47.5M
CRM icon
32
Salesforce
CRM
$171B
$64.2M 0.41%
409,597
+313,041
+324% +$55M
WBD icon
33
Warner Bros
WBD
$71.6B
$61.5M 0.4%
2,305,423
+798,272
+53% +$21.6M
ETR icon
34
Entergy
ETR
$48.8B
$57.5M 0.37%
500,664
-176,947
-26% -$19.9M
AEP icon
35
American Electric Power
AEP
$65.8B
$56.1M 0.36%
409,847
+92,104
+29% +$12.1M
BRK.B icon
36
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
$56M 0.36%
+112,000
New +$53.8M
IBIT icon
37
CALL
iShares Bitcoin Trust
IBIT
$57.7B
$55.9M 0.36%
+1,680,000
New +$68.3M
LNT icon
38
Alliant Energy
LNT
$17.6B
$54.9M 0.35%
719,184
+89,527
+14% +$6.52M
BE icon
39
Bloom Energy
BE
$59.3B
$54M 0.35%
178,264
+172,750
+3,133% +$44.3M
ZM icon
40
Zoom
ZM
$31.5B
$53.5M 0.34%
620,411
+466,393
+303% +$44.1M
DRAM
41
PUT
Roundhill Memory ETF
DRAM
$27.1B
$52.3M 0.34%
+710,000
New +$37M
MAIR
42
Madison Air Solutions
MAIR
$13B
$51.8M 0.33%
+1,328,988
New +$51.8M
MRVL icon
43
PUT
Marvell Technology
MRVL
$213B
$50.6M 0.33%
+170,000
New +$34.1M
OGE icon
44
OGE Energy
OGE
$9.42B
$50.3M 0.32%
1,034,075
-256,004
-20% -$12.3M
ABVX
45
CALL
Abivax
ABVX
$10B
$49.4M 0.32%
371,000
+318,300
+604% +$36M
QXO
46
QXO Inc
QXO
$14.3B
$48.6M 0.31%
2,811,792
+2,625,855
+1,412% +$48.9M
IWM icon
47
PUT
iShares Russell 2000 ETF
IWM
$81.9B
$48.5M 0.31%
161,500
-434,000
-73% -$122M
OGS icon
48
ONE Gas
OGS
$4.95B
$48.3M 0.31%
627,285
+372,573
+146% +$31M
NUVL
49
CALL
DELISTED
Nuvalent
NUVL
$44.5M 0.29%
+360,000
New +$38.7M
MDB icon
50
MongoDB
MDB
$34.7B
$44M 0.28%
130,972
+49,060
+60% +$14.7M
1
2
3 4 5

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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.