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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
TRNS icon
776
Transcat
TRNS
$866M
$2.25M 0.01%
+24,297
New +$1.98M
XLE icon
777
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
$2.24M 0.01%
+42,200
New +$2.41M
TPL icon
778
Texas Pacific Land
TPL
$26.5B
$2.24M 0.01%
5,119
+237
+5% +$96.1K
VZ icon
779
Verizon
VZ
$205B
$2.23M 0.01%
+52,751
New +$2.47M
XLV icon
780
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
$2.21M 0.01%
+13,931
New +$2.07M
STAG icon
781
STAG Industrial
STAG
$7.07B
$2.21M 0.01%
57,938
-34,229
-37% -$1.31M
SKYT
782
DELISTED
SkyWater Technology
SKYT
$2.19M 0.01%
63,007
+23,558
+60% +$806K
ESTA icon
783
Establishment Labs
ESTA
$2.17B
$2.18M 0.01%
25,461
-53,566
-68% -$3.85M
PRCT icon
784
Procept Biorobotics
PRCT
$1.24B
$2.18M 0.01%
+96,376
New +$2.41M
PYPL icon
785
PayPal
PYPL
$52.7B
$2.17M 0.01%
+50,290
New +$2.29M
OHI icon
786
Omega Healthcare
OHI
$14.1B
$2.16M 0.01%
+45,399
New +$2.1M
BLFS icon
787
BioLife Solutions
BLFS
$1.81B
$2.15M 0.01%
+76,120
New +$1.78M
EXLS icon
788
EXL Service
EXLS
$5.69B
$2.15M 0.01%
+83,096
New +$2.45M
SOUN icon
789
SoundHound AI
SOUN
$3.25B
$2.15M 0.01%
+331,969
New +$2.57M
PFS icon
790
Provident Financial Services
PFS
$3.09B
$2.14M 0.01%
+90,562
New +$2.03M
OPLN
791
Openlane
OPLN
$4.08B
$2.13M 0.01%
+51,718
New +$1.81M
NGVT icon
792
Ingevity
NGVT
$2.42B
$2.13M 0.01%
28,523
-51,307
-64% -$3.69M
HLXC
793
Helix Acquisition Corp III
HLXC
$241M
$2.13M 0.01%
200,000
– –
DX
794
Dynex Capital
DX
$3.23B
$2.13M 0.01%
162,213
+131,705
+432% +$1.73M
CAVA icon
795
CAVA Group
CAVA
$8.6B
$2.12M 0.01%
+27,056
New +$2.27M
MHO icon
796
M/I Homes
MHO
$3.85B
$2.12M 0.01%
+13,178
New +$1.76M
CENTA icon
797
Central Garden & Pet Co Class A
CENTA
$2.41B
$2.11M 0.01%
54,518
+30,654
+128% +$1.07M
MDU icon
798
MDU Resources
MDU
$4.2B
$2.11M 0.01%
99,629
+88,648
+807% +$1.93M
SHO icon
799
Sunstone Hotel Investors
SHO
$2.1B
$2.11M 0.01%
+184,437
New +$1.94M
KNSA icon
800
Kiniksa Pharmaceuticals
KNSA
$6.17B
$2.11M 0.01%
33,017
-19,286
-37% -$1M
30 31
32
33 34

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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.