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 |
Amazon
AMZN
|
+$614M |
| 2 |
Apple
AAPL
|
+$443M |
| 3 |
BLD
TopBuild
BLD
|
+$391M |
| 4 |
SPCX
SpaceX
SPCX
|
+$329M |
| 5 |
Penumbra
PEN
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.96B |
| 2 |
NVIDIA
NVDA
|
+$425M |
| 3 |
SNDK
Sandisk
SNDK
|
+$88M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
IPVVU
1076
InterPrivate Investment Partners V Units
IPVVU
$179M
| $992K | 0.01% |
+100,000
| New | +$993K |
|
1077
MGP Ingredients
MGPI
$387M
| $989K | 0.01% |
56,423
+44,511
| +374% | +$810K |
|
1078
Assured Guaranty
AGO
$3.27B
| $988K | 0.01% |
12,321
+3,595
| +41% | +$284K |
|
1079
SEI Investments
SEIC
$13.1B
| $981K | 0.01% |
11,189
-39,023
| -78% | -$3.4M |
|
1080
Tootsie Roll Industries
TR
$3.08B
| $978K | 0.01% |
24,721
+1,182
| +5% | +$47.8K |
|
1081
Tompkins Financial
TMP
$1.41B
| $976K | 0.01% |
10,323
-665
| -6% | -$57.3K |
|
1082
RUM Group Inc
RUM
$4.49B
| $976K | 0.01% |
153,870
+119,375
| +346% | +$848K |
|
1083
Global Industrial
GIC
$1.5B
| $975K | 0.01% |
29,148
-5,607
| -16% | -$178K |
|
|
PPLI
1084
People Inc
PPLI
$2.86B
| $970K | 0.01% |
+21,004
| New | +$896K |
|
1085
Red Cat Holdings
RCAT
$1.47B
| $969K | 0.01% |
+91,021
| New | +$1.05M |
|
1086
Universal Insurance Holdings
UVE
$1.18B
| $968K | 0.01% |
+23,415
| New | +$882K |
|
1087
Fulgent Genetics
FLGT
$548M
| $966K | 0.01% |
+47,087
| New | +$798K |
|
1088
Forestar Group
FOR
$1.49B
| $960K | 0.01% |
+30,344
| New | +$834K |
|
1089
Mid Penn Bancorp
MPB
$943M
| $960K | 0.01% |
27,547
+14,200
| +106% | +$471K |
|
1090
Teva Pharmaceuticals
TEVA
$43.5B
| $953K | 0.01% |
+28,119
| New | +$937K |
|
1091
AMERISAFE
AMSF
$482M
| $945K | 0.01% |
27,920
-53,398
| -66% | -$1.69M |
|
1092
MGE Energy Inc
MGEE
$2.97B
| $942K | 0.01% |
11,553
-16,635
| -59% | -$1.29M |
|
1093
Adecoagro
AGRO
$1.6B
| $941K | 0.01% |
+98,500
| New | +$1.24M |
|
1094
OFG Bancorp
OFG
$2.21B
| $937K | 0.01% |
+19,089
| New | +$865K |
|
|
BLDP
1095
Ballard Power Systems
BLDP
$724M
| $932K | 0.01% |
+239,681
| New | +$977K |
|
1096
OceanFirst Financial
OCFC
$1.84B
| $925K | 0.01% |
47,388
-62,604
| -57% | -$1.17M |
|
1097
Gibraltar Industries
ROCK
$1.38B
| $924K | 0.01% |
+20,490
| New | +$803K |
|
1098
Haleon
HLN
$44B
| $918K | 0.01% |
+98,433
| New | +$915K |
|
1099
Recursion Pharmaceuticals
RXRX
$1.88B
| $913K | 0.01% |
248,783
-97,967
| -28% | -$326K |
|
1100
Plug Power
PLUG
$3.17B
| $911K | 0.01% |
336,246
-616,509
| -65% | -$1.94M |
|
Similar funds
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.