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 |
NVIDIA
NVDA
|
+$689M |
| 2 |
Broadcom
AVGO
|
+$153M |
| 3 |
Walmart Inc
WMT
|
+$136M |
| 4 |
Amazon
AMZN
|
+$104M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$102M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$71.5M |
| 2 |
Pinnacle West Capital
PNW
|
+$49.1M |
| 3 |
Procter & Gamble
PG
|
+$43.7M |
| 4 |
Chevron
CVX
|
+$43.1M |
| 5 |
Hershey
HSY
|
+$43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.62% |
| 2 | Healthcare | 9.42% |
| 3 | Industrials | 7.55% |
| 4 | Financials | 6.82% |
| 5 | Consumer Discretionary | 6.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRWV
726
PUT
CoreWeave
CRWV
$48.5B
| $2.26M | 0.02% |
30,900
-19,100
| -38% | -$1.94M |
|
727
Celestica
CLS
$37.4B
| $2.26M | 0.02% |
7,649
-11,696
| -60% | -$3.52M |
|
728
BJ's Restaurants
BJRI
$1.42B
| $2.25M | 0.02% |
+57,068
| New | +$2.03M |
|
729
Arvinas
ARVN
$613M
| $2.24M | 0.02% |
188,908
-52,590
| -22% | -$574K |
|
730
First Commonwealth Financial
FCF
$2.13B
| $2.23M | 0.02% |
132,520
+121,407
| +1,092% | +$1.99M |
|
731
Brookdale Senior Living
BKD
$2.82B
| $2.23M | 0.02% |
+206,912
| New | +$2.03M |
|
732
Janux Therapeutics
JANX
$1.06B
| $2.23M | 0.02% |
+161,548
| New | +$3.8M |
|
|
SPRB
733
Spruce Biosciences
SPRB
$148M
| $2.2M | 0.02% |
+25,271
| New | +$2.71M |
|
|
TXNM
734
TXNM Energy Inc
TXNM
$5.9B
| $2.19M | 0.02% |
37,277
+29,669
| +390% | +$1.71M |
|
735
Viavi Solutions
VIAV
$9.6B
| $2.19M | 0.02% |
123,062
+25,711
| +26% | +$415K |
|
|
GLDD
736
DELISTED
Great Lakes Dredge & Dock
GLDD
| $2.18M | 0.02% |
165,931
+65,274
| +65% | +$804K |
|
|
CWAN
737
CALL
DELISTED
Clearwater Analytics
CWAN
| $2.17M | 0.02% |
+90,000
| New | +$1.8M |
|
738
Enerpac Tool Group
EPAC
$1.9B
| $2.17M | 0.02% |
56,705
+43,691
| +336% | +$1.73M |
|
739
AB InBev
BUD
$155B
| $2.16M | 0.02% |
+33,766
| New | +$2.1M |
|
740
Diamondrock Hospitality Co
DRH
$2.62B
| $2.16M | 0.02% |
+241,074
| New | +$2.05M |
|
741
Atlas Energy Solutions
AESI
$1.57B
| $2.16M | 0.02% |
+229,150
| New | +$2.32M |
|
742
Ares Capital
ARCC
$14.3B
| $2.15M | 0.02% |
+106,134
| New | +$2.14M |
|
743
Otter Tail
OTTR
$3.81B
| $2.1M | 0.02% |
+25,973
| New | +$2.1M |
|
744
Thor Industries
THO
$4.14B
| $2.09M | 0.02% |
+20,404
| New | +$2.12M |
|
745
APA Corp
APA
$15.2B
| $2.09M | 0.02% |
+85,584
| New | +$2.07M |
|
746
Charter Communications
CHTR
$17.9B
| $2.09M | 0.02% |
+9,995
| New | +$2.25M |
|
747
Kemper
KMPR
$1.59B
| $2.08M | 0.02% |
51,379
+1,542
| +3% | +$66K |
|
748
Allegion
ALLE
$13.8B
| $2.08M | 0.02% |
13,072
-15,414
| -54% | -$2.57M |
|
749
XPeng
XPEV
$11.7B
| $2.06M | 0.02% |
+101,787
| New | +$2.21M |
|
750
Standex International
SXI
$3.76B
| $2.06M | 0.02% |
+9,497
| New | +$2.2M |
|
Similar funds
Michael Gelband's Q4 2025 Portfolio in Review
As of Q4 2025, Michael Gelband held 2,189 positions worth $12.7B, up 30% from $9.79B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Michael Gelband deployed $2.85B of net new capital in Q4 2025, opening 723 new positions and adding to 409 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 150,000 shares worth $103M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 15% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Procter & Gamble, an estimated $43.7M trimmed.
- Michael Gelband's largest Q4 2025 buy was iShares Core S&P 500 ETF: 150,000 shares worth $103M.
- Michael Gelband added most to NVIDIA in Q4 2025, an estimated $689M increase.
- Michael Gelband's biggest Q4 2025 reduction was Procter & Gamble, cutting an estimated $43.7M.
- Michael Gelband fully exited Meta Platforms (Facebook) in Q4 2025, selling an estimated $71.5M.
- Michael Gelband's ten largest holdings make up 30% of its $12.7B portfolio in Q4 2025.
- Michael Gelband opened 723 new positions and closed 716 in Q4 2025.
- Michael Gelband's portfolio value rose 30% quarter-over-quarter to $12.7B.
Based on ExodusPoint Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.