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 |
Apple
AAPL
|
+$272M |
| 2 |
Meta Platforms (Facebook)
META
|
+$79.7M |
| 3 |
NVIDIA
NVDA
|
+$74.6M |
| 4 |
Procter & Gamble
PG
|
+$60.5M |
| 5 |
Microsoft
MSFT
|
+$58.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$158M |
| 2 |
PPL
PPL Corp
PPL
|
+$113M |
| 3 |
Southern Company
SO
|
+$111M |
| 4 |
Danaher
DHR
|
+$106M |
| 5 |
Entergy
ETR
|
+$84.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.92% |
| 2 | Industrials | 9.39% |
| 3 | Financials | 9.29% |
| 4 | Consumer Discretionary | 7.56% |
| 5 | Utilities | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Marqeta
MQ
$1.7B
| $553K | 0.01% |
26,164
-198,771
| -88% | -$4.71M |
|
1152
Weave Communications
WEAV
$583M
| $549K | 0.01% |
82,256
+56,519
| +220% | +$435K |
|
1153
Graham Holdings Company
GHC
$4.98B
| $543K | 0.01% |
+461
| New | +$477K |
|
1154
RELX
RELX
$63.4B
| $542K | 0.01% |
+11,349
| New | +$561K |
|
|
GNTY
1155
DELISTED
Guaranty Bancshares
GNTY
| $542K | 0.01% |
+11,113
| New | +$521K |
|
1156
Gorman-Rupp
GRC
$2.06B
| $541K | 0.01% |
+11,657
| New | +$484K |
|
1157
Kearny Financial
KRNY
$619M
| $540K | 0.01% |
+82,265
| New | +$528K |
|
1158
National CineMedia
NCMI
$251M
| $535K | 0.01% |
118,661
+57,096
| +93% | +$266K |
|
1159
Visteon
VC
$2.72B
| $534K | 0.01% |
+4,458
| New | +$525K |
|
1160
Enerpac Tool Group
EPAC
$1.9B
| $534K | 0.01% |
13,014
-34,650
| -73% | -$1.4M |
|
1161
Mercantile Bank Corp
MBWM
$1.04B
| $533K | 0.01% |
+11,854
| New | +$563K |
|
1162
Seadrill
SDRL
$2.93B
| $531K | 0.01% |
+17,583
| New | +$536K |
|
1163
CuriosityStream
CURI
$168M
| $531K | 0.01% |
+100,203
| New | +$462K |
|
|
CVGW
1164
DELISTED
Calavo Growers
CVGW
| $529K | 0.01% |
+20,561
| New | +$555K |
|
|
DOO
1165
Bombardier Recreational Products
DOO
$4.68B
| $529K | 0.01% |
+8,700
| New | +$489K |
|
1166
Graham Corp
GHM
$1.14B
| $528K | 0.01% |
+9,619
| New | +$492K |
|
1167
PVH
PVH
$3.55B
| $526K | 0.01% |
+6,279
| New | +$493K |
|
1168
Larimar Therapeutics
LRMR
$421M
| $526K | 0.01% |
+162,821
| New | +$611K |
|
1169
CALL
Viking Therapeutics
VKTX
$3.88B
| $524K | 0.01% |
20,000
| – | – |
|
1170
NewtekOne
NEWT
$357M
| $521K | 0.01% |
45,527
+20,214
| +80% | +$239K |
|
|
GTM
1171
ZoomInfo Technologies
GTM
$1.14B
| $521K | 0.01% |
47,769
-152,777
| -76% | -$1.64M |
|
1172
Boston Omaha
BOC
$422M
| $521K | 0.01% |
+39,829
| New | +$535K |
|
1173
Privia Health
PRVA
$2.69B
| $517K | 0.01% |
+20,782
| New | +$447K |
|
1174
Midland States Bancorp
MSBI
$681M
| $514K | 0.01% |
+29,968
| New | +$539K |
|
1175
LXP Industrial Trust
LXP
$3.6B
| $514K | 0.01% |
11,463
+9,443
| +467% | +$406K |
|
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Michael Gelband's Q3 2025 Portfolio in Review
As of Q3 2025, Michael Gelband held 2,139 positions worth $9.79B, down 14% from $11.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Michael Gelband withdrew a net $2.29B in Q3 2025, closing 673 positions and reducing 386 holdings. Its most notable exit was Paramount Global Class B, an estimated $158M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 7.6% a quarter earlier, followed by Industrials and Financials.
Against the trend, Michael Gelband opened a new position in Apple worth $306M.
- Michael Gelband's largest Q3 2025 buy was Apple: 1,202,327 shares worth $306M.
- Michael Gelband added most to Procter & Gamble in Q3 2025, an estimated $60.5M increase.
- Michael Gelband's biggest Q3 2025 reduction was PPL Corp, cutting an estimated $113M.
- Michael Gelband fully exited Paramount Global Class B in Q3 2025, selling an estimated $158M.
- Michael Gelband's ten largest holdings make up 25% of its $9.79B portfolio in Q3 2025.
- Michael Gelband opened 733 new positions and closed 673 in Q3 2025.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $9.79B.
Based on ExodusPoint Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.