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MG

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
+11.09%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$11.4B
AUM Growth
+$1.29B
Cap. Flow
+$528M
Cap. Flow %
4.63%
Top 10 Hldgs %
25.25%
Holding
2,093
New
704
Increased
330
Reduced
366
Closed
687

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$75M
2
CVX icon
Chevron
CVX
+$59.9M
3
GEHC icon
GE HealthCare
GEHC
+$57.5M
4
APP icon
Applovin
APP
+$54.7M
5
OKLO
Oklo
OKLO
+$52.8M

Top Sells

Rank Stock Value
1
XEL icon
Xcel Energy
XEL
+$137M
2
META icon
Meta Platforms (Facebook)
META
+$61.8M
3
BDX icon
Becton Dickinson
BDX
+$59.9M
4
CRWV
CoreWeave
CRWV
+$57.1M
5
AAPL icon
Apple
AAPL
+$50.2M

Sector Composition

Rank Sector Weight
1 Healthcare 11.73%
2 Financials 9.81%
3 Utilities 8.63%
4 Technology 7.6%
5 Industrials 7.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SEDG icon
1151
SolarEdge
SEDG
$1.85B
$502K ﹤0.01%
24,613
-138,401
-85% -$2.29M
SMH icon
1152
PUT
VanEck Semiconductor ETF
SMH
$64.8B
$502K ﹤0.01%
+1,800
New +$417K
AMBP icon
1153
Ardagh Metal Packaging
AMBP
$3.18B
$501K ﹤0.01%
+116,941
New +$424K
REX icon
1154
REX American Resources
REX
$1.4B
$500K ﹤0.01%
+20,534
New +$433K
LOB icon
1155
Live Oak Bancshares
LOB
$1.87B
$499K ﹤0.01%
16,734
-6,053
-27% -$163K
STKL
1156
DELISTED
SunOpta
STKL
$496K ﹤0.01%
+85,601
New +$450K
GLUE icon
1157
Monte Rosa Therapeutics
GLUE
$1.18B
$493K ﹤0.01%
109,227
+12,882
+13% +$57.5K
AROC icon
1158
Archrock
AROC
$5.38B
$492K ﹤0.01%
+19,810
New +$485K
CALM icon
1159
Cal-Maine
CALM
$3.95B
$492K ﹤0.01%
4,939
-78,470
-94% -$7.5M
APAM icon
1160
Artisan Partners
APAM
$3.05B
$489K ﹤0.01%
11,039
-104,884
-90% -$4.19M
ACIW icon
1161
ACI Worldwide
ACIW
$5.29B
$487K ﹤0.01%
+10,602
New +$521K
CASS icon
1162
Cass Information Systems
CASS
$735M
$480K ﹤0.01%
+11,057
New +$462K
FIGS icon
1163
FIGS
FIGS
$2.53B
$477K ﹤0.01%
+84,578
New +$390K
DMRC icon
1164
Digimarc Corp
DMRC
$135M
$475K ﹤0.01%
35,968
+18,168
+102% +$233K
KALU icon
1165
Kaiser Aluminum
KALU
$2.49B
$475K ﹤0.01%
5,947
-18,080
-75% -$1.23M
VERA icon
1166
Vera Therapeutics
VERA
$2.43B
$474K ﹤0.01%
20,108
-51,452
-72% -$1.16M
HTGC icon
1167
Hercules Capital
HTGC
$3.28B
$472K ﹤0.01%
+25,800
New +$457K
PACS icon
1168
PACS Group
PACS
$7.01B
$471K ﹤0.01%
36,467
+21,773
+148% +$226K
DSGR icon
1169
Distribution Solutions Group
DSGR
$1.61B
$466K ﹤0.01%
16,947
-7,272
-30% -$195K
JJSF icon
1170
J&J Snack Foods
JJSF
$1.68B
$466K ﹤0.01%
+4,106
New +$499K
GILT icon
1171
Gilat Satellite Networks
GILT
$766M
$461K ﹤0.01%
+64,954
New +$404K
DX
1172
Dynex Capital
DX
$3.24B
$452K ﹤0.01%
37,028
-196,782
-84% -$2.39M
CCSI icon
1173
Consensus Cloud Solutions
CCSI
$709M
$449K ﹤0.01%
19,472
-4,996
-20% -$108K
TOL icon
1174
Toll Brothers
TOL
$13.8B
$449K ﹤0.01%
+3,935
New +$408K
LOVE
1175
LoveSac
LOVE
$232M
$448K ﹤0.01%
+24,625
New +$467K
45 46
47
48 49

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AA
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OTPPB
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Michael Gelband's Q2 2025 Portfolio in Review

As of Q2 2025, Michael Gelband held 2,093 positions worth $11.4B, up 13% from $10.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Michael Gelband deployed $528M of net new capital in Q2 2025, opening 704 new positions and adding to 330 existing holdings. Its largest new stake was Chevron: 424,949 shares worth $60.8M.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 13% a quarter earlier, followed by Financials and Utilities.

On the sell side, the largest reduction was Xcel Energy, an estimated $137M trimmed.

  • Michael Gelband's largest Q2 2025 buy was Chevron: 424,949 shares worth $60.8M.
  • Michael Gelband added most to Paramount Global Class B in Q2 2025, an estimated $75M increase.
  • Michael Gelband's biggest Q2 2025 reduction was Xcel Energy, cutting an estimated $137M.
  • Michael Gelband fully exited Meta Platforms (Facebook) in Q2 2025, selling an estimated $61.8M.
  • Michael Gelband's ten largest holdings make up 25% of its $11.4B portfolio in Q2 2025.
  • Michael Gelband opened 704 new positions and closed 687 in Q2 2025.
  • Michael Gelband's portfolio value rose 13% quarter-over-quarter to $11.4B.

Based on ExodusPoint Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.