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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
CYRX icon
1176
CryoPort
CYRX
$868M
$640K ﹤0.01%
+40,775
New +$523K
RSKD icon
1177
Riskified
RSKD
$779M
$640K ﹤0.01%
126,935
+94,536
+292% +$441K
ATS icon
1178
ATS Corp
ATS
$1.94B
$636K ﹤0.01%
22,100
+50
+0.2% +$1.54K
BHB icon
1179
Bar Harbor Bankshares
BHB
$665M
$627K ﹤0.01%
16,609
+2,246
+16% +$78.9K
HG icon
1180
Hamilton Insurance Group
HG
$3.45B
$625K ﹤0.01%
+18,404
New +$577K
GSHD icon
1181
Goosehead Insurance
GSHD
$2.58B
$625K ﹤0.01%
+12,877
New +$531K
AESI icon
1182
Atlas Energy Solutions
AESI
$1.57B
$624K ﹤0.01%
37,559
-396,553
-91% -$6.48M
CTRN icon
1183
Citi Trends
CTRN
$597M
$623K ﹤0.01%
+10,779
New +$517K
BIIB icon
1184
Biogen
BIIB
$32B
$620K ﹤0.01%
2,871
-149,122
-98% -$28.5M
DCOM icon
1185
Dime Commercial Bancshares
DCOM
$1.79B
$619K ﹤0.01%
+15,237
New +$567K
NUS icon
1186
Nu Skin
NUS
$231M
$616K ﹤0.01%
116,744
+38,735
+50% +$248K
SA
1187
Seabridge Gold
SA
$3.25B
$607K ﹤0.01%
+23,599
New +$710K
DSGN icon
1188
Design Therapeutics
DSGN
$938M
$597K ﹤0.01%
+41,286
New +$515K
ALOT icon
1189
AstroNova
ALOT
$227M
$596K ﹤0.01%
+20,950
New +$336K
MICC
1190
The Magnum Ice Cream Company N.V.
MICC
$12.2B
$596K ﹤0.01%
34,240
+1,455
+4% +$22.6K
ASTH icon
1191
Astrana Health
ASTH
$1.95B
$591K ﹤0.01%
12,743
-6,408
-33% -$231K
GOGO icon
1192
Gogo Inc
GOGO
$363M
$588K ﹤0.01%
189,746
-236,000
-55% -$962K
ACN icon
1193
Accenture
ACN
$113B
$588K ﹤0.01%
+4,726
New +$820K
UPWK icon
1194
Upwork
UPWK
$1.08B
$588K ﹤0.01%
+70,308
New +$665K
EXK
1195
Endeavour Silver
EXK
$3.15B
$585K ﹤0.01%
+70,711
New +$658K
RGEN icon
1196
Repligen
RGEN
$10.2B
$585K ﹤0.01%
4,288
-35,940
-89% -$4.42M
CNXC icon
1197
Concentrix
CNXC
$1.55B
$583K ﹤0.01%
26,024
+11,848
+84% +$309K
NUVL
1198
DELISTED
Nuvalent
NUVL
$582K ﹤0.01%
4,712
-59,008
-93% -$6.35M
PKG icon
1199
Packaging Corp of America
PKG
$22.5B
$579K ﹤0.01%
+2,428
New +$532K
OR icon
1200
OR Royalties Inc
OR
$6.76B
$578K ﹤0.01%
18,286
-24,319
-57% -$898K
46 47
48
49 50

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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.