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 |
PARA
Paramount Global Class B
PARA
|
+$75M |
| 2 |
Chevron
CVX
|
+$59.9M |
| 3 |
GE HealthCare
GEHC
|
+$57.5M |
| 4 |
Applovin
APP
|
+$54.7M |
| 5 |
OKLO
Oklo
OKLO
|
+$52.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xcel Energy
XEL
|
+$137M |
| 2 |
Meta Platforms (Facebook)
META
|
+$61.8M |
| 3 |
Becton Dickinson
BDX
|
+$59.9M |
| 4 |
CRWV
CoreWeave
CRWV
|
+$57.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
826
Pan American Silver
PAAS
$22.2B
| $1.58M | 0.01% |
55,569
-78,903
| -59% | -$2.04M |
|
827
Moody's
MCO
$88.6B
| $1.57M | 0.01% |
3,132
+37
| +1% | +$17.1K |
|
828
Marathon Digital Holdings
MARA
$4.32B
| $1.56M | 0.01% |
99,368
+35,365
| +55% | +$506K |
|
|
VISN
829
Vistance Networks Inc
VISN
$2.5B
| $1.55M | 0.01% |
187,799
-595,280
| -76% | -$3.12M |
|
830
Newmark Group
NMRK
$2.91B
| $1.55M | 0.01% |
128,015
-67,997
| -35% | -$761K |
|
831
Leggett & Platt
LEG
$1.28B
| $1.54M | 0.01% |
173,066
-321,901
| -65% | -$2.77M |
|
832
Employers Holdings
EIG
$883M
| $1.54M | 0.01% |
+32,663
| New | +$1.57M |
|
833
Scansource
SCSC
$1.1B
| $1.54M | 0.01% |
36,769
-11,419
| -24% | -$426K |
|
834
Cabot Corp
CBT
$4.33B
| $1.53M | 0.01% |
20,429
-51,403
| -72% | -$3.93M |
|
835
Polaris
PII
$3.66B
| $1.53M | 0.01% |
+37,656
| New | +$1.42M |
|
836
Hilton Grand Vacations
HGV
$3.53B
| $1.53M | 0.01% |
+36,813
| New | +$1.39M |
|
837
Qorvo
QRVO
$8.41B
| $1.53M | 0.01% |
18,013
-196,405
| -92% | -$14.2M |
|
838
LeMaitre Vascular
LMAT
$1.83B
| $1.52M | 0.01% |
+18,301
| New | +$1.53M |
|
839
JB Hunt Transport Services
JBHT
$24.4B
| $1.51M | 0.01% |
+10,507
| New | +$1.45M |
|
840
HealthEquity
HQY
$8.81B
| $1.5M | 0.01% |
14,319
+5,492
| +62% | +$521K |
|
841
ICF International
ICFI
$1.59B
| $1.5M | 0.01% |
+17,686
| New | +$1.5M |
|
842
Cohen & Steers
CNS
$4.28B
| $1.49M | 0.01% |
19,771
-905
| -4% | -$69.6K |
|
843
Cimpress
CMPR
$2.13B
| $1.49M | 0.01% |
+31,647
| New | +$1.38M |
|
|
KLG
844
DELISTED
WK Kellogg Co
KLG
| $1.48M | 0.01% |
+92,961
| New | +$1.62M |
|
845
Core Scientific
CORZ
$5.55B
| $1.48M | 0.01% |
86,690
-230,615
| -73% | -$2.31M |
|
846
NBT Bancorp
NBTB
$2.7B
| $1.47M | 0.01% |
35,283
+9,900
| +39% | +$412K |
|
847
Replimune Group
REPL
$1.39B
| $1.46M | 0.01% |
+157,550
| New | +$1.37M |
|
848
Fortune Brands Innovations
FBIN
$5.37B
| $1.46M | 0.01% |
+28,381
| New | +$1.49M |
|
849
Mueller Water Products
MWA
$3.93B
| $1.46M | 0.01% |
+60,694
| New | +$1.5M |
|
|
SVT
850
DELISTED
Servotronics
SVT
| $1.46M | 0.01% |
+31,008
| New | +$874K |
|
Similar funds
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.