We are live on ! Find out more
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
VALE icon
601
Vale
VALE
$62.1B
$3.62M 0.02%
+240,939
New +$3.93M
ESPR
602
DELISTED
Esperion Therapeutics
ESPR
$3.61M 0.02%
+1,141,740
New +$3.19M
GEO icon
603
The GEO Group
GEO
$4.31B
$3.6M 0.02%
121,830
+82,203
+207% +$1.86M
FRME icon
604
First Merchants
FRME
$2.64B
$3.56M 0.02%
+81,592
New +$3.31M
TREX icon
605
Trex
TREX
$4.77B
$3.56M 0.02%
+71,087
New +$2.95M
DFIN icon
606
Donnelley Financial Solutions
DFIN
$1.19B
$3.55M 0.02%
84,676
+63,654
+303% +$2.77M
EEM icon
607
iShares MSCI Emerging Markets ETF
EEM
$30.7B
$3.54M 0.02%
+51,800
New +$3.38M
CELH icon
608
Celsius Holdings
CELH
$8.44B
$3.53M 0.02%
120,613
-235,969
-66% -$7.44M
MSGE icon
609
Madison Square Garden
MSGE
$3.78B
$3.52M 0.02%
+43,536
New +$2.97M
NN icon
610
NextNav
NN
$2.96B
$3.51M 0.02%
+196,972
New +$3.81M
BANR icon
611
Banner Corp
BANR
$2.42B
$3.51M 0.02%
52,830
-19,495
-27% -$1.27M
KSS icon
612
Kohl's
KSS
$2B
$3.51M 0.02%
197,824
+127,761
+182% +$1.89M
ENVA icon
613
Enova International
ENVA
$6.05B
$3.5M 0.02%
14,523
+98
+0.7% +$16.9K
WTFC icon
614
Wintrust Financial
WTFC
$10.3B
$3.46M 0.02%
21,523
-52,618
-71% -$7.92M
EWZ icon
615
iShares MSCI Brazil ETF
EWZ
$8.52B
$3.45M 0.02%
100,000
+68,904
+222% +$2.57M
RLAY icon
616
Relay Therapeutics
RLAY
$4.26B
$3.45M 0.02%
+184,178
New +$2.67M
VIK icon
617
Viking Holdings
VIK
$41.4B
$3.41M 0.02%
32,557
+25,063
+334% +$2.17M
BTDR icon
618
CALL
Bitdeer Technologies
BTDR
$3.09B
$3.4M 0.02%
+215,000
New +$3.09M
ULTA icon
619
PUT
Ulta Beauty
ULTA
$22.4B
$3.38M 0.02%
+7,500
New +$3.81M
PENG
620
Penguin Solutions Inc
PENG
$2.7B
$3.36M 0.02%
+44,231
New +$2.01M
OPCH icon
621
Option Care Health
OPCH
$3.55B
$3.33M 0.02%
+158,878
New +$3.69M
LFST icon
622
Lifestance Health
LFST
$4.76B
$3.33M 0.02%
310,541
-178,922
-37% -$1.38M
SLM icon
623
SLM Corp
SLM
$4.97B
$3.32M 0.02%
128,038
+59,267
+86% +$1.33M
WLFC icon
624
Willis Lease Finance
WLFC
$1.15B
$3.32M 0.02%
43,530
+1,857
+4% +$121K
VAC icon
625
Marriott Vacations Worldwide
VAC
$3.87B
$3.31M 0.02%
+32,492
New +$2.6M
23 24
25
26 27

Similar funds

FGP
Freestone Grove Partners San Francisco, California $15.6B AUM 27.39% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $15.6B AUM 71.29% 1-Year Est. Return
GF
Gabelli Funds Rye, New York $15.7B AUM 36.4% 1-Year Est. Return
AIM
ARK Investment Management St. Petersburg, Florida $15.4B AUM 50.29% 1-Year Est. Return
Impax Asset Management Group
Impax Asset Management Group London, United Kingdom $15.4B AUM 26.43% 1-Year Est. Return
AA
Acorns Advisers Irvine, California $15.3B AUM 18.32% 1-Year Est. Return
OTPPB
Ontario Teachers' Pension Plan Board Toronto, Ontario, Canada $15.8B AUM 1.29% 1-Year Est. Return
NMIFOAC
National Mutual Insurance Federation of Agricultural Cooperatives Tokyo, Japan, Japan $15.3B AUM 24.71% 1-Year Est. Return

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.