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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
OSBC icon
1001
Old Second Bancorp
OSBC
$1.29B
$1.25M 0.01%
+53,769
New +$1.15M
LNN icon
1002
Lindsay Corp
LNN
$1.18B
$1.25M 0.01%
10,110
+5,146
+104% +$575K
ARCO icon
1003
Arcos Dorados Holdings
ARCO
$1.68B
$1.25M 0.01%
154,500
+128,914
+504% +$1.11M
CATY icon
1004
Cathay General Bancorp
CATY
$4.16B
$1.24M 0.01%
20,009
+10,833
+118% +$615K
NUAI
1005
New Era Energy & Digital Inc
NUAI
$518M
$1.24M 0.01%
+193,722
New +$941K
TD icon
1006
Toronto Dominion Bank
TD
$194B
$1.23M 0.01%
+10,100
New +$1.11M
PFGC icon
1007
Performance Food Group
PFGC
$16.5B
$1.22M 0.01%
+10,871
New +$1.03M
MYGN icon
1008
Myriad Genetics
MYGN
$306M
$1.21M 0.01%
+212,179
New +$963K
TECX
1009
Tectonic Therapeutic
TECX
$736M
$1.21M 0.01%
35,239
-48,440
-58% -$1.42M
EWY icon
1010
CALL
iShares MSCI South Korea ETF
EWY
$27.7B
$1.21M 0.01%
+6,000
New +$1.06M
PLGO
1011
Pelagos Insurance Capital
PLGO
$2.06B
$1.21M 0.01%
49,730
+35,231
+243% +$766K
CWEN icon
1012
Clearway Energy Class C
CWEN
$6.68B
$1.2M 0.01%
35,244
-15,780
-31% -$611K
CVS icon
1013
CVS Health
CVS
$119B
$1.2M 0.01%
11,616
-127,074
-92% -$11.3M
HL icon
1014
Hecla Mining
HL
$13.9B
$1.2M 0.01%
+77,826
New +$1.37M
CL icon
1015
Colgate-Palmolive
CL
$72.6B
$1.2M 0.01%
+13,094
New +$1.15M
CARR icon
1016
Carrier Global
CARR
$49.8B
$1.2M 0.01%
16,349
-301,042
-95% -$19.7M
SPRB
1017
Spruce Biosciences
SPRB
$148M
$1.19M 0.01%
22,000
– –
GMAB icon
1018
Genmab
GMAB
$20.6B
$1.19M 0.01%
+43,172
New +$1.15M
MCY icon
1019
Mercury Insurance
MCY
$5.85B
$1.18M 0.01%
+11,093
New +$1.09M
ACM icon
1020
Aecom
ACM
$8.34B
$1.18M 0.01%
+16,880
New +$1.29M
NBN icon
1021
Northeast Bank
NBN
$1.12B
$1.18M 0.01%
8,871
+247
+3% +$30.5K
SMCI icon
1022
CALL
Super Micro Computer
SMCI
$24.1B
$1.17M 0.01%
+40,000
New +$1.27M
LOAR icon
1023
Loar Holdings
LOAR
$7.03B
$1.17M 0.01%
14,515
-104,850
-88% -$6.68M
WAL icon
1024
Western Alliance Bancorporation
WAL
$8.69B
$1.17M 0.01%
14,223
-104,330
-88% -$8.24M
OGN icon
1025
Organon & Co
OGN
$3.61B
$1.16M 0.01%
86,030
-96,816
-53% -$1.16M
39 40
41
42 43

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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.