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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
+11.09%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$11.4B
AUM Growth
+$1.29B
Cap. Flow
+$528M
Cap. Flow %
4.63%
Top 10 Hldgs %
25.25%
Holding
2,093
New
704
Increased
330
Reduced
366
Closed
687

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$75M
2
CVX icon
Chevron
CVX
+$59.9M
3
GEHC icon
GE HealthCare
GEHC
+$57.5M
4
APP icon
Applovin
APP
+$54.7M
5
OKLO
Oklo
OKLO
+$52.8M

Top Sells

Rank Stock Value
1
XEL icon
Xcel Energy
XEL
+$137M
2
META icon
Meta Platforms (Facebook)
META
+$61.8M
3
BDX icon
Becton Dickinson
BDX
+$59.9M
4
CRWV
CoreWeave
CRWV
+$57.1M
5
AAPL icon
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
SITE icon
751
SiteOne Landscape Supply
SITE
$4.16B
$2M 0.02%
16,495
-15,940
-49% -$1.88M
BC icon
752
Brunswick
BC
$5.26B
$1.96M 0.02%
35,520
-50,059
-58% -$2.53M
NX icon
753
Quanex
NX
$916M
$1.95M 0.02%
103,128
+85,496
+485% +$1.52M
PARA
754
PUT
DELISTED
Paramount Global Class B
PARA
$1.95M 0.02%
151,100
-540,000
-78% -$6.32M
NDSN icon
755
Nordson
NDSN
$18.6B
$1.95M 0.02%
+9,088
New +$1.81M
EPC icon
756
Edgewell Personal Care
EPC
$1.31B
$1.94M 0.02%
+83,023
New +$2.3M
GPOR icon
757
Gulfport Energy Corp
GPOR
$3.1B
$1.94M 0.02%
+9,658
New +$1.8M
PAG icon
758
Penske Automotive Group
PAG
$14.3B
$1.94M 0.02%
11,285
-32,491
-74% -$5.21M
WBS
759
DELISTED
Webster Financial
WBS
$1.94M 0.02%
+35,460
New +$1.77M
EPAC icon
760
Enerpac Tool Group
EPAC
$1.9B
$1.93M 0.02%
+47,664
New +$2.01M
RNG icon
761
RingCentral
RNG
$5.6B
$1.92M 0.02%
67,614
+41,746
+161% +$1.08M
ACLS icon
762
Axcelis
ACLS
$3.81B
$1.91M 0.02%
27,436
-17,175
-38% -$980K
XLU icon
763
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
$1.91M 0.02%
46,706
+3,538
+8% +$141K
DOLE icon
764
Dole
DOLE
$1.27B
$1.9M 0.02%
+135,982
New +$1.93M
TVTX icon
765
Travere Therapeutics
TVTX
$6.15B
$1.9M 0.02%
+128,157
New +$2.12M
SYNA icon
766
Synaptics
SYNA
$3.66B
$1.89M 0.02%
29,168
+21,153
+264% +$1.24M
FSM icon
767
Fortuna Silver Mines
FSM
$3.61B
$1.89M 0.02%
+289,000
New +$1.79M
BCRX icon
768
BioCryst Pharmaceuticals
BCRX
$2.47B
$1.89M 0.02%
210,840
+149,907
+246% +$1.4M
RCAT icon
769
Red Cat Holdings
RCAT
$1.36B
$1.89M 0.02%
259,502
-175,229
-40% -$1.14M
UWMC icon
770
UWM Holdings
UWMC
$2.28B
$1.88M 0.02%
453,796
-204,267
-31% -$898K
OVV icon
771
Ovintiv
OVV
$18.2B
$1.88M 0.02%
49,307
-87,273
-64% -$3.2M
MRC
772
DELISTED
MRC Global
MRC
$1.86M 0.02%
+135,991
New +$1.64M
UAL icon
773
United Airlines
UAL
$36.9B
$1.86M 0.02%
+23,401
New +$1.72M
SGHC icon
774
SGHC Ltd
SGHC
$7.11B
$1.86M 0.02%
+169,591
New +$1.44M
AGM icon
775
Federal Agricultural Mortgage
AGM
$2.38B
$1.86M 0.02%
9,560
+5,613
+142% +$1.03M
29 30
31
32 33

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AA
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OTPPB
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NMIFOAC
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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.