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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
LEVI icon
951
Levi Strauss
LEVI
$8.27B
$1.48M 0.01%
59,524
+31,717
+114% +$715K
LBRT icon
952
Liberty Energy
LBRT
$3.16B
$1.48M 0.01%
56,418
-275,059
-83% -$8.23M
COLM icon
953
Columbia Sportswear
COLM
$3.09B
$1.47M 0.01%
23,804
-55,842
-70% -$3.46M
HIFS icon
954
Hingham Institution for Saving
HIFS
$654M
$1.47M 0.01%
4,776
-361
-7% -$104K
CACC icon
955
Credit Acceptance
CACC
$6.24B
$1.46M 0.01%
2,291
-11,321
-83% -$6.06M
WVE icon
956
Wave Life Sciences
WVE
$1.04B
$1.46M 0.01%
+251,072
New +$1.66M
JLL icon
957
Jones Lang LaSalle
JLL
$17.8B
$1.45M 0.01%
+4,691
New +$1.46M
BFH icon
958
Bread Financial
BFH
$4.07B
$1.45M 0.01%
13,396
-83,365
-86% -$7.49M
EQH icon
959
Equitable Holdings
EQH
$13.3B
$1.45M 0.01%
32,938
-55,187
-63% -$2.31M
PSIX
960
Power Solutions International
PSIX
$840M
$1.44M 0.01%
+37,020
New +$2.04M
ATLC icon
961
Atlanticus Holdings
ATLC
$1.46B
$1.44M 0.01%
+14,052
New +$1.14M
BBSI icon
962
Barrett Business Services
BBSI
$813M
$1.43M 0.01%
+40,260
New +$1.26M
NVRI icon
963
Enviri
NVRI
$582M
$1.43M 0.01%
64,928
-456,083
-88% -$9.11M
BLMN icon
964
Bloomin' Brands
BLMN
$996M
$1.41M 0.01%
154,702
+12,343
+9% +$89.8K
UHAL.B icon
965
U-Haul Holding Co Series N
UHAL.B
$12.3B
$1.41M 0.01%
+24,505
New +$1.22M
HRTG icon
966
Heritage Insurance Holdings
HRTG
$1.01B
$1.41M 0.01%
+54,173
New +$1.35M
CMPR icon
967
Cimpress
CMPR
$2.13B
$1.41M 0.01%
+13,863
New +$1.23M
NVTS icon
968
Navitas Semiconductor
NVTS
$3.39B
$1.41M 0.01%
+78,424
New +$1.5M
REXR icon
969
Rexford Industrial Realty
REXR
$8.3B
$1.4M 0.01%
41,766
-9,182
-18% -$321K
MPTI icon
970
M-tron Industries
MPTI
$352M
$1.4M 0.01%
14,110
-7,772
-36% -$618K
ATEC icon
971
Alphatec Holdings
ATEC
$1.46B
$1.4M 0.01%
+161,715
New +$1.47M
NPK icon
972
National Presto Industries
NPK
$1.07B
$1.39M 0.01%
+11,140
New +$1.51M
BNS icon
973
Scotiabank
BNS
$107B
$1.37M 0.01%
+15,801
New +$1.24M
CAC icon
974
Camden National
CAC
$958M
$1.37M 0.01%
+25,183
New +$1.26M
ASIX icon
975
AdvanSix
ASIX
$464M
$1.36M 0.01%
68,209
+18,101
+36% +$408K
37 38
39
40 41

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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.