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 | |
|---|---|---|---|---|---|---|
901
Schrodinger
SDGR
$1.45B
| $1.22M | 0.01% |
+60,796
| New | +$1.39M |
|
902
Federal Signal
FSS
$7.31B
| $1.22M | 0.01% |
11,453
-3,406
| -23% | -$303K |
|
903
Advanced Energy
AEIS
$11B
| $1.21M | 0.01% |
+9,144
| New | +$1.01M |
|
904
SouthState Bank Corp
SSB
$10.3B
| $1.2M | 0.01% |
+13,059
| New | +$1.15M |
|
905
MoonLake Immunotherapeutics
MLTX
$1.35B
| $1.2M | 0.01% |
+25,313
| New | +$1.03M |
|
906
Azenta
AZTA
$1.47B
| $1.19M | 0.01% |
+38,793
| New | +$1.09M |
|
907
Gildan
GIL
$10.1B
| $1.19M | 0.01% |
+24,200
| New | +$1.11M |
|
908
CALL
Red Cat Holdings
RCAT
$1.39B
| $1.19M | 0.01% |
+162,700
| New | +$1.06M |
|
909
MakeMyTrip
MMYT
$5.69B
| $1.19M | 0.01% |
+12,100
| New | +$1.22M |
|
910
CALL
Amazon
AMZN
$2.82T
| $1.18M | 0.01% |
+5,400
| New | +$1.07M |
|
|
SARO
911
StandardAero Inc
SARO
$8.27B
| $1.18M | 0.01% |
37,379
-380,717
| -91% | -$10.7M |
|
912
Alight
ALIT
$395M
| $1.17M | 0.01% |
+10,375
| New | +$1.11M |
|
913
Brookfield Infrastructure
BIPC
$4.86B
| $1.17M | 0.01% |
+28,188
| New | +$1.09M |
|
|
MPT
914
Medical Properties Trust
MPT
$2.47B
| $1.17M | 0.01% |
+271,866
| New | +$1.34M |
|
915
Insperity
NSP
$1.99B
| $1.17M | 0.01% |
+19,405
| New | +$1.36M |
|
|
GDEN
916
DELISTED
Golden Entertainment
GDEN
| $1.15M | 0.01% |
+39,209
| New | +$1.07M |
|
917
Evertec
EVTC
$1.75B
| $1.15M | 0.01% |
+31,906
| New | +$1.13M |
|
918
Factset
FDS
$10.7B
| $1.15M | 0.01% |
2,567
-14,605
| -85% | -$6.4M |
|
919
XPEL
XPEL
$1.4B
| $1.15M | 0.01% |
+31,900
| New | +$1.05M |
|
920
JD.com
JD
$39.4B
| $1.14M | 0.01% |
+34,893
| New | +$1.19M |
|
921
Peoples Bancorp
PEBO
$1.42B
| $1.13M | 0.01% |
37,079
-8,491
| -19% | -$248K |
|
922
Core Laboratories
CLB
$552M
| $1.13M | 0.01% |
98,003
+21,082
| +27% | +$250K |
|
923
Constellation Energy
CEG
$96.9B
| $1.13M | 0.01% |
+3,495
| New | +$925K |
|
924
Alarm.com
ALRM
$2.82B
| $1.11M | 0.01% |
19,625
+393
| +2% | +$21.8K |
|
|
TMHC
925
DELISTED
Taylor Morrison
TMHC
| $1.11M | 0.01% |
+18,063
| New | +$1.05M |
|
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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.