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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
GLNG icon
926
Golar LNG
GLNG
$5.31B
$1.56M 0.01%
31,291
-105,607
-77% -$5.58M
AVB
927
DELISTED
AvalonBay Communities
AVB
$1.55M 0.01%
8,209
-6,581
-44% -$1.19M
PCRX icon
928
Pacira BioSciences
PCRX
$983M
$1.55M 0.01%
+60,963
New +$1.44M
ENB icon
929
Enbridge
ENB
$110B
$1.54M 0.01%
+28,499
New +$1.56M
ARCC icon
930
Ares Capital
ARCC
$14.3B
$1.54M 0.01%
83,309
-9,334
-10% -$174K
APOG icon
931
Apogee Enterprises
APOG
$868M
$1.54M 0.01%
33,720
-4,204
-11% -$157K
GNTX icon
932
Gentex
GNTX
$4.98B
$1.54M 0.01%
+60,998
New +$1.44M
CHYM
933
Chime Financial
CHYM
$12.4B
$1.53M 0.01%
+74,620
New +$1.45M
SAH icon
934
Sonic Automotive
SAH
$2.45B
$1.52M 0.01%
+17,949
New +$1.38M
KRP icon
935
Kimbell Royalty Partners
KRP
$1.55B
$1.52M 0.01%
104,424
+61,009
+141% +$909K
ZETA icon
936
Zeta Global
ZETA
$7.3B
$1.52M 0.01%
77,075
-113,027
-59% -$2.1M
WDS icon
937
Woodside Energy
WDS
$46.3B
$1.52M 0.01%
+78,467
New +$1.75M
CAES
938
Cantor Equity Partners VII
CAES
$322M
$1.51M 0.01%
+150,000
New +$1.51M
MKL icon
939
Markel Group
MKL
$22.2B
$1.51M 0.01%
772
-6,340
-89% -$11.8M
GWRE icon
940
Guidewire Software
GWRE
$15.8B
$1.51M 0.01%
+12,239
New +$1.63M
LVS icon
941
Las Vegas Sands
LVS
$30.5B
$1.5M 0.01%
32,550
-97,021
-75% -$5.03M
RR icon
942
CALL
Richtech Robotics
RR
$380M
$1.5M 0.01%
+709,100
New +$1.72M
NWS icon
943
News Corp Class B
NWS
$18.7B
$1.5M 0.01%
+53,521
New +$1.59M
SXC icon
944
SunCoke Energy
SXC
$822M
$1.5M 0.01%
+186,529
New +$1.44M
SIND
945
Sinda Ltd
SIND
$2.7B
$1.5M 0.01%
+125,000
New +$1.5M
MKTX icon
946
MarketAxess Holdings
MKTX
$5.71B
$1.5M 0.01%
13,183
-10,792
-45% -$1.54M
ACI icon
947
Albertsons Companies
ACI
$6.01B
$1.49M 0.01%
110,326
-1,037,688
-90% -$16.6M
CURB
948
Curbline Properties
CURB
$3.38B
$1.49M 0.01%
+48,913
New +$1.4M
DK icon
949
Delek US
DK
$4.38B
$1.48M 0.01%
29,188
+18,514
+173% +$821K
PSKY
950
CALL
Paramount Skydance Corp
PSKY
$11.6B
$1.48M 0.01%
150,000
+22,500
+18% +$237K
36 37
38
39 40

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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.