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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
BABA icon
901
CALL
Alibaba
BABA
$286B
$1.65M 0.01%
17,200
-2,800
-14% -$351K
WEN icon
902
CALL
Wendy's
WEN
$1.72B
$1.65M 0.01%
+200,000
New +$1.43M
FTV icon
903
Fortive
FTV
$18.1B
$1.65M 0.01%
+26,969
New +$1.62M
KR icon
904
Kroger
KR
$35.5B
$1.65M 0.01%
+29,641
New +$1.93M
IPAR icon
905
Interparfums
IPAR
$3.7B
$1.64M 0.01%
14,697
-4,750
-24% -$448K
ESLT icon
906
Elbit Systems
ESLT
$34.7B
$1.62M 0.01%
2,139
-1,048
-33% -$872K
ARI
907
Apollo Commercial Real Estate
ARI
$889M
$1.62M 0.01%
+151,890
New +$1.65M
BTDR icon
908
Bitdeer Technologies
BTDR
$3.09B
$1.62M 0.01%
+102,137
New +$1.47M
BMNR
909
BitMine Immersion Technologies
BMNR
$13.8B
$1.62M 0.01%
+121,346
New +$2.35M
GAP
910
PUT
The Gap Inc
GAP
$7.13B
$1.61M 0.01%
+86,300
New +$1.99M
VRRM icon
911
Verra Mobility
VRRM
$693M
$1.61M 0.01%
+379,061
New +$4M
NTRS icon
912
Northern Trust
NTRS
$33.6B
$1.6M 0.01%
+9,220
New +$1.52M
LUNG icon
913
Pulmonx
LUNG
$97.1M
$1.59M 0.01%
1,223,555
-720,279
-37% -$992K
CBL
914
CBL Properties
CBL
$1.71B
$1.59M 0.01%
+29,923
New +$1.39M
HLNE icon
915
Hamilton Lane
HLNE
$4.57B
$1.59M 0.01%
+20,126
New +$1.79M
FLNG icon
916
FLEX LNG
FLNG
$1.73B
$1.59M 0.01%
+56,523
New +$1.75M
PLOW icon
917
Douglas Dynamics
PLOW
$973M
$1.58M 0.01%
+29,334
New +$1.35M
ARCB icon
918
ArcBest
ARCB
$3.14B
$1.58M 0.01%
11,017
-36,498
-77% -$4.75M
RNA
919
Atrium Therapeutics
RNA
$226M
$1.58M 0.01%
117,275
+39,833
+51% +$520K
CRSP icon
920
CRISPR Therapeutics
CRSP
$5.75B
$1.58M 0.01%
28,893
-106,236
-79% -$5.6M
HOG icon
921
Harley-Davidson
HOG
$2.93B
$1.57M 0.01%
+64,336
New +$1.55M
UPBD icon
922
Upbound Group
UPBD
$1.1B
$1.57M 0.01%
+74,030
New +$1.38M
AWR icon
923
American States Water
AWR
$3.51B
$1.57M 0.01%
+18,951
New +$1.47M
VTOL icon
924
Bristow Group
VTOL
$1.34B
$1.57M 0.01%
+37,888
New +$1.7M
RR icon
925
Richtech Robotics
RR
$380M
$1.56M 0.01%
739,456
+517,481
+233% +$1.26M
35 36
37
38 39

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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.