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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
+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
MGY icon
1226
Magnolia Oil & Gas
MGY
$6.67B
$534K ﹤0.01%
+20,862
New +$596K
INBX icon
1227
Inhibrx
INBX
$1.53B
$532K ﹤0.01%
5,612
-25,368
-82% -$2.54M
EE icon
1228
Excelerate Energy
EE
$1.23B
$532K ﹤0.01%
+13,994
New +$482K
RYZ
1229
Ryerson Holding Corp
RYZ
$1.31B
$531K ﹤0.01%
+21,566
New +$570K
HQ
1230
Horizon Quantum Holdings
HQ
$1.08B
$525K ﹤0.01%
+18,905
New +$261K
BDN
1231
Brandywine Realty Trust
BDN
$522M
$522K ﹤0.01%
164,779
+53,245
+48% +$160K
CGEM icon
1232
Cullinan Oncology
CGEM
$1.4B
$520K ﹤0.01%
+28,537
New +$424K
FUBO icon
1233
FuboTV Inc
FUBO
$309M
$519K ﹤0.01%
+56,426
New +$601K
AMKR icon
1234
Amkor Technology
AMKR
$12.5B
$519K ﹤0.01%
6,018
-180,447
-97% -$12.9M
HLLY icon
1235
Holley
HLLY
$375M
$517K ﹤0.01%
+202,774
New +$575K
REPX icon
1236
Riley Exploration Permian
REPX
$846M
$509K ﹤0.01%
+15,436
New +$550K
PKBK icon
1237
Parke Bancorp
PKBK
$402M
$508K ﹤0.01%
+15,322
New +$471K
OCUL icon
1238
Ocular Therapeutix
OCUL
$2.43B
$508K ﹤0.01%
+51,730
New +$469K
FITB
1239
Fifth Third Bancorp
FITB
$49.7B
$504K ﹤0.01%
8,942
-331,232
-97% -$16.8M
ILMN icon
1240
Illumina
ILMN
$33.1B
$502K ﹤0.01%
+2,857
New +$418K
REX icon
1241
REX American Resources
REX
$1.47B
$500K ﹤0.01%
11,064
-43,038
-80% -$1.99M
ERII icon
1242
Energy Recovery
ERII
$403M
$499K ﹤0.01%
+55,371
New +$526K
PHVS icon
1243
Pharvaris
PHVS
$2.55B
$497K ﹤0.01%
14,369
+899
+7% +$27.2K
NPKI
1244
NPK International
NPKI
$1.16B
$494K ﹤0.01%
31,025
-104,797
-77% -$1.58M
KELYA icon
1245
Kelly Services Class A
KELYA
$594M
$494K ﹤0.01%
+40,191
New +$418K
CLDT
1246
Chatham Lodging
CLDT
$631M
$493K ﹤0.01%
+37,256
New +$385K
MRLN
1247
Merlin Inc
MRLN
$332M
$487K ﹤0.01%
85,567
-258,280
-75% -$2.19M
CCOI icon
1248
Cogent Communications
CCOI
$470M
$486K ﹤0.01%
34,982
-18,624
-35% -$343K
CWH icon
1249
Camping World
CWH
$676M
$484K ﹤0.01%
63,491
-225,570
-78% -$1.63M
BXSL icon
1250
Blackstone Secured Lending
BXSL
$5.77B
$484K ﹤0.01%
20,400
-32,411
-61% -$774K
48 49
50
51 52

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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.