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 |
PARA
Paramount Global Class B
PARA
|
+$75M |
| 2 |
Chevron
CVX
|
+$59.9M |
| 3 |
GE HealthCare
GEHC
|
+$57.5M |
| 4 |
Applovin
APP
|
+$54.7M |
| 5 |
OKLO
Oklo
OKLO
|
+$52.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xcel Energy
XEL
|
+$137M |
| 2 |
Meta Platforms (Facebook)
META
|
+$61.8M |
| 3 |
Becton Dickinson
BDX
|
+$59.9M |
| 4 |
CRWV
CoreWeave
CRWV
|
+$57.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1226
Hawkins
HWKN
$2.46B
| $338K | ﹤0.01% |
+2,376
| New | +$299K |
|
1227
Gold Royalty Corp
GROY
$802M
| $336K | ﹤0.01% |
+152,019
| New | +$267K |
|
1228
Zebra Technologies
ZBRA
$17.2B
| $334K | ﹤0.01% |
+1,084
| New | +$294K |
|
1229
Hippo Holdings
HIPO
$877M
| $329K | ﹤0.01% |
11,768
-31,206
| -73% | -$769K |
|
1230
Myriad Genetics
MYGN
$292M
| $328K | ﹤0.01% |
61,684
-87,009
| -59% | -$514K |
|
|
OSG
1231
Octave Specialty Group
OSG
$204M
| $327K | ﹤0.01% |
46,074
-46,965
| -50% | -$350K |
|
|
SHCO
1232
DELISTED
Soho House & Co
SHCO
| $326K | ﹤0.01% |
+44,388
| New | +$276K |
|
1233
Ziff Davis
ZD
$1.91B
| $326K | ﹤0.01% |
10,762
-32,232
| -75% | -$1.04M |
|
|
PDS
1234
Precision Drilling
PDS
$1.13B
| $321K | ﹤0.01% |
6,800
-5,300
| -44% | -$236K |
|
1235
ARS Pharmaceuticals
SPRY
$532M
| $318K | ﹤0.01% |
18,217
-179,318
| -91% | -$2.59M |
|
1236
Canadian National Railway
CNI
$77.1B
| $312K | ﹤0.01% |
+3,000
| New | +$305K |
|
1237
SiriusPoint
SPNT
$2.79B
| $311K | ﹤0.01% |
15,268
-31,525
| -67% | -$580K |
|
1238
Allison Transmission
ALSN
$10.8B
| $310K | ﹤0.01% |
+3,261
| New | +$315K |
|
1239
Vicor
VICR
$8.76B
| $310K | ﹤0.01% |
+6,825
| New | +$305K |
|
1240
Andersons Inc
ANDE
$2.23B
| $309K | ﹤0.01% |
+8,408
| New | +$308K |
|
|
SRDX
1241
DELISTED
Surmodics
SRDX
| $308K | ﹤0.01% |
10,379
-10,064
| -49% | -$290K |
|
1242
Vita Coco
COCO
$3.67B
| $301K | ﹤0.01% |
8,332
-3,945
| -32% | -$132K |
|
1243
XPeng
XPEV
$10.7B
| $301K | ﹤0.01% |
+16,811
| New | +$328K |
|
1244
National CineMedia
NCMI
$251M
| $298K | ﹤0.01% |
+61,565
| New | +$334K |
|
1245
Simmons First National
SFNC
$3.32B
| $296K | ﹤0.01% |
15,624
-110,585
| -88% | -$2.08M |
|
1246
Outfront Media
OUT
$5.36B
| $295K | ﹤0.01% |
+18,055
| New | +$282K |
|
1247
Polestar Automotive Holding UK
PSNY
$1.87B
| $295K | ﹤0.01% |
+9,185
| New | +$292K |
|
1248
Helios Technologies
HLIO
$2.44B
| $289K | ﹤0.01% |
+8,661
| New | +$261K |
|
|
CGAU
1249
Centerra Gold
CGAU
$4.59B
| $287K | ﹤0.01% |
39,780
+26,680
| +204% | +$182K |
|
1250
NewtekOne
NEWT
$357M
| $286K | ﹤0.01% |
25,313
+15,243
| +151% | +$163K |
|
Similar funds
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.