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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
RRX icon
1051
Regal Rexnord
RRX
$11.1B
$1.07M 0.01%
+4,487
New +$938K
EXE
1052
Expand Energy Corp
EXE
$22.2B
$1.07M 0.01%
+11,715
New +$1.11M
CRMD icon
1053
CorMedix
CRMD
$639M
$1.07M 0.01%
+135,804
New +$1.07M
RCAT icon
1054
CALL
Red Cat Holdings
RCAT
$1.47B
$1.06M 0.01%
100,000
+15,000
+18% +$173K
ALGM icon
1055
Allegro MicroSystems
ALGM
$6.93B
$1.06M 0.01%
15,279
-29,621
-66% -$1.39M
LCII icon
1056
CALL
LCI Industries
LCII
$2.48B
$1.06M 0.01%
+10,000
New +$1.1M
ESRT icon
1057
Empire State Realty Trust
ESRT
$834M
$1.04M 0.01%
192,748
-280,755
-59% -$1.53M
RCL icon
1058
Royal Caribbean
RCL
$78.1B
$1.04M 0.01%
+3,274
New +$915K
HROW icon
1059
Harrow
HROW
$1.54B
$1.03M 0.01%
+24,243
New +$902K
BRBR icon
1060
BellRing Brands
BRBR
$1.18B
$1.03M 0.01%
+79,386
New +$958K
DAKT icon
1061
Daktronics
DAKT
$927M
$1.02M 0.01%
52,305
-113,121
-68% -$2.24M
KREF
1062
KKR Real Estate Finance Trust
KREF
$487M
$1.02M 0.01%
149,351
-148,373
-50% -$982K
TTAM
1063
Titan America SA
TTAM
$2.8B
$1.02M 0.01%
54,659
-112,052
-67% -$1.84M
WIX icon
1064
WIX.com
WIX
$3.43B
$1.02M 0.01%
22,388
-355,443
-94% -$22M
PARR icon
1065
Par Pacific Holdings
PARR
$3.96B
$1.01M 0.01%
+18,099
New +$1.08M
TRMK icon
1066
Trustmark
TRMK
$2.7B
$1.01M 0.01%
+22,010
New +$981K
FUN icon
1067
Cedar Fair
FUN
$1.71B
$1.01M 0.01%
47,534
-27,429
-37% -$560K
CCS icon
1068
Century Communities
CCS
$1.98B
$1.01M 0.01%
+14,093
New +$815K
YSWY
1069
Yesway Inc
YSWY
$786M
$1.01M 0.01%
+49,730
New +$1.15M
UUUU icon
1070
Energy Fuels
UUUU
$3.78B
$1.01M 0.01%
69,340
+22,099
+47% +$406K
NNI icon
1071
Nelnet
NNI
$4.55B
$1.01M 0.01%
7,538
-4,043
-35% -$536K
BETR icon
1072
Better Home & Finance Holding
BETR
$222M
$1M 0.01%
+36,463
New +$1.18M
TWI icon
1073
Titan International
TWI
$461M
$996K 0.01%
+129,243
New +$996K
BBAI icon
1074
BigBear.ai
BBAI
$1.54B
$996K 0.01%
271,490
+212,307
+359% +$849K
SVCO
1075
Silvaco Group
SVCO
$228M
$994K 0.01%
+72,077
New +$748K
41 42
43
44 45

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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.