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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
WRLD icon
751
World Acceptance Corp
WRLD
$878M
$2.46M 0.02%
10,969
+1,316
+14% +$212K
VMC icon
752
PUT
Vulcan Materials
VMC
$35.8B
$2.44M 0.02%
+8,300
New +$2.38M
LZB icon
753
La-Z-Boy
LZB
$1.35B
$2.43M 0.02%
60,641
-9,189
-13% -$332K
NRG icon
754
NRG Energy
NRG
$23.8B
$2.43M 0.02%
16,612
-1,113
-6% -$160K
ATRC icon
755
AtriCure
ATRC
$2.49B
$2.42M 0.02%
+86,356
New +$2.43M
CGNX icon
756
Cognex
CGNX
$10.2B
$2.41M 0.02%
33,229
+28,138
+553% +$1.71M
INGR icon
757
Ingredion
INGR
$6.74B
$2.39M 0.02%
25,201
-14,736
-37% -$1.56M
NAT icon
758
Nordic American Tanker
NAT
$1.48B
$2.37M 0.02%
428,175
-70,474
-14% -$399K
NNN icon
759
NNN REIT
NNN
$8.8B
$2.37M 0.02%
50,964
+22,583
+80% +$1.01M
KD icon
760
Kyndryl
KD
$2.73B
$2.34M 0.02%
+206,879
New +$2.58M
RYAN icon
761
Ryan Specialty Holdings
RYAN
$11.1B
$2.34M 0.02%
61,868
-84,718
-58% -$2.88M
TH icon
762
Target Hospitality
TH
$1.78B
$2.32M 0.02%
114,179
+103,435
+963% +$1.73M
CBLL
763
CeriBell Inc
CBLL
$929M
$2.32M 0.01%
+119,250
New +$2.26M
TGLS icon
764
Tecnoglass Holdings
TGLS
$1.82B
$2.32M 0.01%
49,495
+37,086
+299% +$1.6M
CLSK icon
765
CleanSpark
CLSK
$3.08B
$2.31M 0.01%
158,546
-72,437
-31% -$1.02M
FIVE icon
766
Five Below
FIVE
$13.8B
$2.3M 0.01%
12,802
-2,767
-18% -$596K
BXMT icon
767
Blackstone Mortgage Trust
BXMT
$2.41B
$2.29M 0.01%
+135,276
New +$2.53M
JOBY icon
768
Joby Aviation
JOBY
$7.45B
$2.28M 0.01%
+255,930
New +$2.47M
DRVN icon
769
Driven Brands
DRVN
$2.17B
$2.28M 0.01%
163,630
+27,085
+20% +$356K
SHAK icon
770
Shake Shack
SHAK
$3.06B
$2.27M 0.01%
40,565
-16,945
-29% -$1.28M
CAG icon
771
Conagra Brands
CAG
$7.89B
$2.27M 0.01%
168,668
-913,835
-84% -$12.8M
AM icon
772
Antero Midstream
AM
$10.5B
$2.27M 0.01%
99,670
+69,224
+227% +$1.5M
NLY icon
773
Annaly Capital Management
NLY
$17.5B
$2.27M 0.01%
+101,368
New +$2.24M
PTC icon
774
PTC
PTC
$16.8B
$2.26M 0.01%
+19,871
New +$2.68M
REZI icon
775
Resideo Technologies
REZI
$3.08B
$2.26M 0.01%
+72,532
New +$2.49M
29 30
31
32 33

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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.