Michael Gelband ExodusPoint Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$75M |
| 2 |
Chevron
CVX
|
+$59.9M |
| 3 |
GE HealthCare
GEHC
|
+$57.5M |
| 4 |
Applovin
APP
|
+$54.7M |
| 5 |
OKLO
Oklo
OKLO
|
+$52.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xcel Energy
XEL
|
+$137M |
| 2 |
Meta Platforms (Facebook)
META
|
+$61.8M |
| 3 |
Becton Dickinson
BDX
|
+$59.9M |
| 4 |
CRWV
CoreWeave
CRWV
|
+$57.1M |
| 5 |
Apple
AAPL
|
+$50.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.73% |
| 2 | Financials | 9.81% |
| 3 | Utilities | 8.63% |
| 4 | Technology | 7.6% |
| 5 | Industrials | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Procept Biorobotics
PRCT
$1.22B
| $2.77M | 0.02% |
+48,021
| New | +$2.72M |
|
627
American Superconductor
AMSC
$1.4B
| $2.73M | 0.02% |
74,362
+38,097
| +105% | +$936K |
|
628
Euronet Worldwide
EEFT
$2.63B
| $2.71M | 0.02% |
+26,780
| New | +$2.77M |
|
629
FS KKR Capital
FSK
$3.33B
| $2.7M | 0.02% |
130,100
-257,271
| -66% | -$5.24M |
|
630
Alcoa
AA
$13B
| $2.69M | 0.02% |
91,266
-43,818
| -32% | -$1.18M |
|
631
Kennametal
KMT
$2.23B
| $2.69M | 0.02% |
117,229
+71,118
| +154% | +$1.48M |
|
632
Chemours
CC
$2.32B
| $2.68M | 0.02% |
+234,406
| New | +$2.64M |
|
633
Unity
U
$20.3B
| $2.67M | 0.02% |
+110,460
| New | +$2.43M |
|
634
Simply Good Foods
SMPL
$970M
| $2.65M | 0.02% |
84,046
+37,545
| +81% | +$1.31M |
|
|
SCS
635
DELISTED
Steelcase
SCS
| $2.65M | 0.02% |
+254,216
| New | +$2.62M |
|
636
PTC
PTC
$16.7B
| $2.65M | 0.02% |
+15,378
| New | +$2.48M |
|
637
Bentley Systems
BSY
$11.4B
| $2.65M | 0.02% |
49,091
-331,774
| -87% | -$15.4M |
|
638
Dave Inc
DAVE
$4.53B
| $2.64M | 0.02% |
+9,851
| New | +$1.55M |
|
639
ADT
ADT
$5.42B
| $2.64M | 0.02% |
311,281
-1,401,657
| -82% | -$11.5M |
|
640
Ventas
VTR
$47.9B
| $2.63M | 0.02% |
+41,600
| New | +$2.72M |
|
641
Revolution Medicines
RVMD
$45.3B
| $2.62M | 0.02% |
71,190
+60,839
| +588% | +$2.34M |
|
|
EFOR
642
Everforth Inc
EFOR
$1.33B
| $2.62M | 0.02% |
52,368
+24,213
| +86% | +$1.32M |
|
|
IPG
643
DELISTED
Interpublic Group of Companies
IPG
| $2.61M | 0.02% |
106,637
-161,324
| -60% | -$3.92M |
|
|
JAMF
644
DELISTED
Jamf
JAMF
| $2.61M | 0.02% |
274,487
+132,730
| +94% | +$1.42M |
|
645
National Health Investors
NHI
$3.59B
| $2.61M | 0.02% |
37,193
+1,791
| +5% | +$131K |
|
646
Kite Realty
KRG
$5.26B
| $2.6M | 0.02% |
114,681
-101,999
| -47% | -$2.25M |
|
647
National Beverage
FIZZ
$3.1B
| $2.59M | 0.02% |
60,001
+19,929
| +50% | +$877K |
|
648
Comfort Systems
FIX
$56.7B
| $2.59M | 0.02% |
4,829
+2,220
| +85% | +$967K |
|
649
EnerSys
ENS
$6.76B
| $2.59M | 0.02% |
+30,171
| New | +$2.63M |
|
650
EastGroup Properties
EGP
$10.9B
| $2.58M | 0.02% |
15,446
-7,603
| -33% | -$1.26M |
|
Similar funds
Michael Gelband's Q2 2025 Portfolio in Review
As of Q2 2025, Michael Gelband held 2,093 positions worth $11.4B, up 13% from $10.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Michael Gelband deployed $528M of net new capital in Q2 2025, opening 704 new positions and adding to 330 existing holdings. Its largest new stake was Chevron: 424,949 shares worth $60.8M.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Utilities.
On the sell side, the largest reduction was Xcel Energy, an estimated $137M trimmed.
- Michael Gelband's largest Q2 2025 buy was Chevron: 424,949 shares worth $60.8M.
- Michael Gelband added most to Paramount Global Class B in Q2 2025, an estimated $75M increase.
- Michael Gelband's biggest Q2 2025 reduction was Xcel Energy, cutting an estimated $137M.
- Michael Gelband fully exited Meta Platforms (Facebook) in Q2 2025, selling an estimated $61.8M.
- Michael Gelband's ten largest holdings make up 25% of its $11.4B portfolio in Q2 2025.
- Michael Gelband opened 704 new positions and closed 687 in Q2 2025.
- Michael Gelband's portfolio value rose 13% quarter-over-quarter to $11.4B.
Based on ExodusPoint Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.