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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
APAM icon
726
Artisan Partners
APAM
$3B
$2.6M 0.02%
75,181
+12,556
+20% +$462K
RH icon
727
RH
RH
$2.9B
$2.58M 0.02%
15,642
-4,778
-23% -$659K
BCPC
728
Balchem Corp
BCPC
$5.78B
$2.57M 0.02%
15,231
-7,631
-33% -$1.27M
MOS icon
729
The Mosaic Company
MOS
$7.76B
$2.56M 0.02%
120,940
-7,162
-6% -$166K
CLBR
730
Colombier Acquisition Corp III
CLBR
$410M
$2.56M 0.02%
+250,000
New +$2.54M
BANC icon
731
PUT
Banc of California
BANC
$2.95B
$2.56M 0.02%
+125,000
New +$2.38M
MCHI icon
732
iShares MSCI China ETF
MCHI
$6.3B
$2.55M 0.02%
+50,000
New +$2.8M
GPK icon
733
Graphic Packaging
GPK
$3.54B
$2.55M 0.02%
+241,244
New +$2.46M
JBL icon
734
Jabil
JBL
$32.8B
$2.55M 0.02%
6,607
-16,552
-71% -$5.72M
INGN icon
735
Inogen
INGN
$149M
$2.54M 0.02%
393,803
+63,362
+19% +$419K
AKR icon
736
Acadia Realty Trust
AKR
$2.89B
$2.53M 0.02%
121,159
+82,235
+211% +$1.76M
STN icon
737
Stantec
STN
$8.33B
$2.53M 0.02%
36,710
+29,823
+433% +$2.4M
FCN icon
738
FTI Consulting
FCN
$4.3B
$2.53M 0.02%
+16,961
New +$2.78M
TPB icon
739
Turning Point Brands
TPB
$1.67B
$2.52M 0.02%
+29,686
New +$2.46M
ERO icon
740
Ero Copper
ERO
$4.11B
$2.51M 0.02%
93,887
-7,173
-7% -$203K
BTE icon
741
Baytex Energy
BTE
$3.36B
$2.51M 0.02%
+627,485
New +$2.9M
COLB icon
742
Columbia Banking Systems
COLB
$8.72B
$2.51M 0.02%
+78,269
New +$2.32M
QCRH icon
743
QCR Holdings
QCRH
$1.66B
$2.49M 0.02%
+25,614
New +$2.35M
BEN icon
744
Franklin Templeton, Inc.
BEN
$17.4B
$2.49M 0.02%
74,790
-49,130
-40% -$1.47M
PCT icon
745
PureCycle Technologies
PCT
$1.37B
$2.49M 0.02%
+306,487
New +$2.75M
AMPX icon
746
Amprius Technologies
AMPX
$1.51B
$2.48M 0.02%
+179,272
New +$3.21M
AVTR icon
747
Avantor
AVTR
$9.78B
$2.47M 0.02%
249,085
-106,924
-30% -$920K
PCVX icon
748
Vaxcyte
PCVX
$9.32B
$2.46M 0.02%
42,357
-83,470
-66% -$4.53M
RACE icon
749
Ferrari
RACE
$76.7B
$2.46M 0.02%
+6,607
New +$2.3M
LPTH icon
750
Lightpath Technologies
LPTH
$905M
$2.46M 0.02%
150,264
+124,018
+473% +$1.73M
28 29
30
31 32

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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.