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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
WMT icon
551
PUT
Walmart Inc
WMT
$825B
$4.25M 0.03%
+37,500
New +$4.66M
STOK icon
552
Stoke Therapeutics
STOK
$2.08B
$4.24M 0.03%
+129,660
New +$4.16M
GPCR icon
553
Structure Therapeutics
GPCR
$3.5B
$4.2M 0.03%
+78,266
New +$3.46M
HII icon
554
Huntington Ingalls Industries
HII
$11.8B
$4.2M 0.03%
15,000
+12,636
+535% +$4.22M
BROS icon
555
Dutch Bros
BROS
$6.88B
$4.19M 0.03%
+58,312
New +$3.35M
CDW icon
556
CDW
CDW
$17.2B
$4.17M 0.03%
+29,638
New +$3.72M
ABVX
557
Abivax
ABVX
$10B
$4.16M 0.03%
31,209
-109,053
-78% -$12.3M
BATRK icon
558
Atlanta Braves Holdings Series B
BATRK
$3.33B
$4.1M 0.03%
78,992
+56,154
+246% +$2.76M
FCNCA icon
559
First Citizens BancShares
FCNCA
$24.7B
$4.1M 0.03%
+1,970
New +$3.95M
USLM icon
560
United States Lime & Minerals
USLM
$3.41B
$4.09M 0.03%
39,033
+37,244
+2,082% +$4.32M
NKTR icon
561
Nektar Therapeutics
NKTR
$2.53B
$4.08M 0.03%
58,507
+38,050
+186% +$2.78M
ARW icon
562
Arrow Electronics
ARW
$10.7B
$4.08M 0.03%
+19,114
New +$3.82M
JCI icon
563
Johnson Controls International
JCI
$86.7B
$4.07M 0.03%
+27,882
New +$3.94M
HAPN
564
Happen Inc
HAPN
$2.13B
$4.06M 0.03%
+195,750
New +$3.33M
DRH icon
565
Diamondrock Hospitality Co
DRH
$2.62B
$4.05M 0.03%
+332,317
New +$3.62M
APLE icon
566
Apple Hospitality REIT
APLE
$3.94B
$4.04M 0.03%
240,244
+199,754
+493% +$2.86M
WOLF icon
567
Wolfspeed
WOLF
$1.34B
$4.03M 0.03%
83,617
+62,722
+300% +$2.73M
AVNT icon
568
Avient
AVNT
$4.1B
$4.01M 0.03%
108,416
+43,112
+66% +$1.56M
INGM
569
Ingram Micro Holding
INGM
$6.34B
$4M 0.03%
145,964
+95,717
+190% +$2.69M
CRWV
570
CoreWeave
CRWV
$48.5B
$4M 0.03%
40,188
+9,099
+29% +$982K
ST icon
571
Sensata Technologies
ST
$6.23B
$4M 0.03%
83,778
+63,470
+313% +$2.87M
GSAT icon
572
Globalstar
GSAT
$10.7B
$4M 0.03%
+49,160
New +$3.96M
SYY icon
573
Sysco
SYY
$40.2B
$3.99M 0.03%
47,744
+19,294
+68% +$1.46M
HLIT icon
574
Harmonic Inc
HLIT
$1.36B
$3.99M 0.03%
+244,226
New +$3.12M
TILE icon
575
Interface
TILE
$2.25B
$3.99M 0.03%
111,211
-44,720
-29% -$1.31M
21 22
23
24 25

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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.