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 |
Apple
AAPL
|
+$272M |
| 2 |
Meta Platforms (Facebook)
META
|
+$79.7M |
| 3 |
NVIDIA
NVDA
|
+$74.6M |
| 4 |
Procter & Gamble
PG
|
+$60.5M |
| 5 |
Microsoft
MSFT
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$158M |
| 2 |
PPL
PPL Corp
PPL
|
+$113M |
| 3 |
Southern Company
SO
|
+$111M |
| 4 |
Danaher
DHR
|
+$106M |
| 5 |
Entergy
ETR
|
+$84.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.92% |
| 2 | Industrials | 9.39% |
| 3 | Financials | 9.29% |
| 4 | Consumer Discretionary | 7.56% |
| 5 | Utilities | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Pacira BioSciences
PCRX
$995M
| $1.5M | 0.02% |
+58,290
| New | +$1.43M |
|
827
Driven Brands
DRVN
$2.18B
| $1.5M | 0.02% |
+93,227
| New | +$1.62M |
|
828
JetBlue
JBLU
$1.84B
| $1.49M | 0.02% |
303,604
+212,222
| +232% | +$1.02M |
|
829
Apogee Therapeutics
APGE
$10.2B
| $1.49M | 0.02% |
+37,535
| New | +$1.43M |
|
830
CALL
Cipher Digital
CIFR
$6.3B
| $1.49M | 0.02% |
+118,000
| New | +$890K |
|
831
GATX Corp
GATX
$6.25B
| $1.48M | 0.02% |
+8,457
| New | +$1.37M |
|
832
Revolution Medicines
RVMD
$44.2B
| $1.48M | 0.02% |
31,591
-39,599
| -56% | -$1.55M |
|
|
BNC
833
CEA Industries
BNC
$133M
| $1.47M | 0.02% |
+188,976
| New | +$3.21M |
|
834
Thryv Holdings
THRY
$91.5M
| $1.47M | 0.02% |
+121,541
| New | +$1.54M |
|
835
Equity Lifestyle Properties
ELS
$12.7B
| $1.46M | 0.02% |
+24,124
| New | +$1.46M |
|
836
W.P. Carey
WPC
$16.3B
| $1.46M | 0.01% |
+21,641
| New | +$1.42M |
|
837
Bright Horizons
BFAM
$3.61B
| $1.46M | 0.01% |
+13,437
| New | +$1.56M |
|
|
MCW
838
DELISTED
Mister Car Wash
MCW
| $1.44M | 0.01% |
+270,701
| New | +$1.6M |
|
839
Netflix
NFLX
$333B
| $1.44M | 0.01% |
12,010
-93,130
| -89% | -$11.4M |
|
840
Interparfums
IPAR
$3.73B
| $1.44M | 0.01% |
14,631
-12,773
| -47% | -$1.5M |
|
|
GEMI
841
PUT
Gemini Space Station
GEMI
$577M
| $1.44M | 0.01% |
+60,000
| New | +$1.55M |
|
842
Fortuna Silver Mines
FSM
$3.57B
| $1.43M | 0.01% |
160,085
-128,915
| -45% | -$941K |
|
843
UWM Holdings
UWMC
$2.18B
| $1.43M | 0.01% |
234,281
-219,515
| -48% | -$1.15M |
|
844
Shenandoah Telecom
SHEN
$691M
| $1.42M | 0.01% |
105,645
+12,771
| +14% | +$175K |
|
|
EFOR
845
Everforth Inc
EFOR
$1.34B
| $1.42M | 0.01% |
29,932
-22,436
| -43% | -$1.14M |
|
846
First Watch Restaurant Group
FWRG
$814M
| $1.41M | 0.01% |
+90,425
| New | +$1.58M |
|
847
TD Synnex
SNX
$19.7B
| $1.41M | 0.01% |
8,604
-7,721
| -47% | -$1.14M |
|
848
Costamare
CMRE
$1.89B
| $1.4M | 0.01% |
+117,780
| New | +$1.29M |
|
|
ALX
849
Alexander's
ALX
$1.36B
| $1.39M | 0.01% |
+5,917
| New | +$1.39M |
|
850
Celanese
CE
$5.05B
| $1.38M | 0.01% |
32,852
-119,306
| -78% | -$5.94M |
|
Similar funds
Michael Gelband's Q3 2025 Portfolio in Review
As of Q3 2025, Michael Gelband held 2,139 positions worth $9.79B, down 14% from $11.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Michael Gelband withdrew a net $2.29B in Q3 2025, closing 673 positions and reducing 386 holdings. Its most notable exit was Paramount Global Class B, an estimated $158M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 7.6% a quarter earlier, followed by Industrials and Financials.
Against the trend, Michael Gelband opened a new position in Apple worth $306M.
- Michael Gelband's largest Q3 2025 buy was Apple: 1,202,327 shares worth $306M.
- Michael Gelband added most to Procter & Gamble in Q3 2025, an estimated $60.5M increase.
- Michael Gelband's biggest Q3 2025 reduction was PPL Corp, cutting an estimated $113M.
- Michael Gelband fully exited Paramount Global Class B in Q3 2025, selling an estimated $158M.
- Michael Gelband's ten largest holdings make up 25% of its $9.79B portfolio in Q3 2025.
- Michael Gelband opened 733 new positions and closed 673 in Q3 2025.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $9.79B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.