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 |
Amazon
AMZN
|
+$614M |
| 2 |
Apple
AAPL
|
+$443M |
| 3 |
BLD
TopBuild
BLD
|
+$391M |
| 4 |
SPCX
SpaceX
SPCX
|
+$329M |
| 5 |
Penumbra
PEN
|
+$203M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.96B |
| 2 |
NVIDIA
NVDA
|
+$425M |
| 3 |
SNDK
Sandisk
SNDK
|
+$88M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
DEA
1276
Easterly Government Properties
DEA
$1.16B
| $430K | ﹤0.01% |
17,248
-19,456
| -53% | -$456K |
|
|
WAY
1277
Waystar Holding Corp
WAY
$4.8B
| $428K | ﹤0.01% |
+20,866
| New | +$439K |
|
1278
New Mountain Finance
NMFC
$714M
| $426K | ﹤0.01% |
59,412
-12,049
| -17% | -$95.9K |
|
1279
Arvinas
ARVN
$613M
| $423K | ﹤0.01% |
50,933
-200,079
| -80% | -$1.87M |
|
1280
Asana
ASAN
$2.21B
| $423K | ﹤0.01% |
60,455
-67,525
| -53% | -$453K |
|
1281
Phreesia
PHR
$749M
| $422K | ﹤0.01% |
+41,011
| New | +$381K |
|
1282
Varonis Systems
VRNS
$4.74B
| $419K | ﹤0.01% |
+9,988
| New | +$293K |
|
1283
Lincoln Educational Services
LINC
$816M
| $417K | ﹤0.01% |
8,366
-21,899
| -72% | -$991K |
|
1284
Hippo Holdings
HIPO
$874M
| $415K | ﹤0.01% |
14,684
-4,358
| -23% | -$116K |
|
1285
CONMED
CNMD
$1.53B
| $415K | ﹤0.01% |
12,672
-19,449
| -61% | -$700K |
|
1286
Algoma Steel
ASTL
$491M
| $412K | ﹤0.01% |
101,746
-127,817
| -56% | -$614K |
|
1287
AngioDynamics
ANGO
$651M
| $407K | ﹤0.01% |
+31,274
| New | +$356K |
|
1288
Texas Capital Bancshares
TCBI
$4.27B
| $404K | ﹤0.01% |
+3,916
| New | +$393K |
|
1289
Ribbon Communications
RBBN
$363M
| $404K | ﹤0.01% |
172,615
-24,293
| -12% | -$64.1K |
|
1290
Donegal Group Class A
DGICA
$693M
| $403K | ﹤0.01% |
+21,372
| New | +$371K |
|
1291
iShares MSCI South Korea ETF
EWY
$27.9B
| $401K | ﹤0.01% |
+1,987
| New | +$351K |
|
1292
Evolv Technologies
EVLV
$967M
| $401K | ﹤0.01% |
69,156
-4,579
| -6% | -$28.7K |
|
1293
Camden Property Trust
CPT
$10.8B
| $400K | ﹤0.01% |
3,498
-2,068
| -37% | -$220K |
|
1294
Cinemark Holdings
CNK
$4.24B
| $399K | ﹤0.01% |
+12,585
| New | +$374K |
|
1295
Construction Partners
ROAD
$6.37B
| $399K | ﹤0.01% |
+3,356
| New | +$398K |
|
|
SII
1296
Sprott
SII
$3.41B
| $393K | ﹤0.01% |
+3,500
| New | +$458K |
|
1297
GATX Corp
GATX
$6.25B
| $392K | ﹤0.01% |
+2,213
| New | +$403K |
|
1298
Autohome
ATHM
$2.56B
| $389K | ﹤0.01% |
+20,456
| New | +$369K |
|
1299
Entrada Therapeutics
TRDA
$295M
| $388K | ﹤0.01% |
52,767
+40,700
| +337% | +$390K |
|
|
AHRT
1300
AH Realty Trust
AHRT
$498M
| $385K | ﹤0.01% |
54,315
+20,467
| +60% | +$131K |
|
Similar funds
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.