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 | |
|---|---|---|---|---|---|---|
1301
Greenlight Captial
GLRE
$507M
| $219K | ﹤0.01% |
15,236
-1,474
| -9% | -$20.3K |
|
1302
Fortrea Holdings
FTRE
$1.74B
| $217K | ﹤0.01% |
43,899
+15,760
| +56% | +$84.7K |
|
1303
Huron Consulting
HURN
$2.59B
| $214K | ﹤0.01% |
+1,557
| New | +$221K |
|
1304
Weave Communications
WEAV
$583M
| $214K | ﹤0.01% |
+25,737
| New | +$249K |
|
1305
iShares US Aerospace & Defense ETF
ITA
$14B
| $211K | ﹤0.01% |
+1,117
| New | +$185K |
|
|
TDAY
1306
USA Today Co
TDAY
$941M
| $210K | ﹤0.01% |
58,699
-526,882
| -90% | -$1.77M |
|
1307
N-able
NABL
$680M
| $210K | ﹤0.01% |
25,900
-253,537
| -91% | -$1.89M |
|
1308
Farmers National Banc Corp
FMNB
$930M
| $208K | ﹤0.01% |
15,082
-6,492
| -30% | -$85K |
|
|
AEVA
1309
Aeva Technologies
AEVA
$1.15B
| $205K | ﹤0.01% |
+5,434
| New | +$82.6K |
|
|
SRTA
1310
Strata Critical Medical Inc
SRTA
$528M
| $205K | ﹤0.01% |
+50,817
| New | +$165K |
|
1311
El Pollo Loco
LOCO
$484M
| $204K | ﹤0.01% |
+18,496
| New | +$183K |
|
1312
First Trust NASDAQ Cybersecurity ETF
CIBR
$14.8B
| $202K | ﹤0.01% |
+2,669
| New | +$183K |
|
1313
Corsair Gaming
CRSR
$1.18B
| $202K | ﹤0.01% |
+21,402
| New | +$173K |
|
1314
Astec Industries
ASTE
$1B
| $201K | ﹤0.01% |
4,811
-15,244
| -76% | -$579K |
|
1315
Astrana Health
ASTH
$1.89B
| $201K | ﹤0.01% |
8,075
-18,015
| -69% | -$507K |
|
1316
Fulton Financial
FULT
$4.5B
| $195K | ﹤0.01% |
10,786
-154,797
| -93% | -$2.64M |
|
1317
Sana Biotechnology
SANA
$1.13B
| $195K | ﹤0.01% |
+71,401
| New | +$147K |
|
1318
Simulations Plus
SLP
$372M
| $194K | ﹤0.01% |
11,110
-34,290
| -76% | -$962K |
|
|
PBPB
1319
DELISTED
Potbelly
PBPB
| $192K | ﹤0.01% |
+15,687
| New | +$154K |
|
|
TALK
1320
DELISTED
Talkspace
TALK
| $192K | ﹤0.01% |
+69,206
| New | +$204K |
|
1321
VanEck Rare Earth/Strategic Metals ETF
REMX
$2.33B
| $186K | ﹤0.01% |
+4,594
| New | +$175K |
|
|
OLO
1322
DELISTED
Olo Inc
OLO
| $183K | ﹤0.01% |
+20,529
| New | +$159K |
|
1323
CALL
ON Semiconductor
ON
$28B
| $183K | ﹤0.01% |
+3,500
| New | +$152K |
|
1324
Rekor Systems
REKR
$80.3M
| $183K | ﹤0.01% |
157,594
-223,439
| -59% | -$235K |
|
|
EFXT
1325
Enerflex
EFXT
$2.41B
| $181K | ﹤0.01% |
+22,907
| New | +$164K |
|
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.