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 | |
|---|---|---|---|---|---|---|
1376
BlueLinx
BXC
$665M
| $275K | ﹤0.01% |
+4,442
| New | +$240K |
|
1377
TransAlta
TAC
$3.86B
| $275K | ﹤0.01% |
+19,858
| New | +$262K |
|
1378
Quad
QUAD
$532M
| $275K | ﹤0.01% |
+32,567
| New | +$245K |
|
1379
Perella Weinberg Partners
PWP
$1.23B
| $272K | ﹤0.01% |
+17,063
| New | +$312K |
|
1380
Iridium Communications
IRDM
$5.19B
| $272K | ﹤0.01% |
4,961
-57,489
| -92% | -$2.46M |
|
1381
10x Genomics
TXG
$8.48B
| $271K | ﹤0.01% |
+7,081
| New | +$186K |
|
1382
Bank of Montreal
BMO
$122B
| $269K | ﹤0.01% |
+1,520
| New | +$239K |
|
|
CTEV
1383
Claritev Corp
CTEV
$632M
| $267K | ﹤0.01% |
+7,824
| New | +$192K |
|
1384
Weave Communications
WEAV
$583M
| $266K | ﹤0.01% |
+44,465
| New | +$242K |
|
1385
Bioventus
BVS
$982M
| $266K | ﹤0.01% |
+28,154
| New | +$269K |
|
|
PBLS
1386
Parabilis Medicines Inc
PBLS
$4.86B
| $265K | ﹤0.01% |
+9,691
| New | +$268K |
|
|
GCTS
1387
GCT Semiconductor Holding
GCTS
$188M
| $263K | ﹤0.01% |
+88,539
| New | +$188K |
|
1388
State Street SPDR S&P Telecom ETF
XTL
$521M
| $262K | ﹤0.01% |
+1,150
| New | +$256K |
|
1389
Rayonier Advanced Materials
RYAM
$586M
| $260K | ﹤0.01% |
+33,084
| New | +$300K |
|
1390
Karyopharm Therapeutics
KPTI
$44.5M
| $260K | ﹤0.01% |
+26,582
| New | +$231K |
|
1391
Alpha Metallurgical Resources
AMR
$2.66B
| $258K | ﹤0.01% |
1,564
-2,112
| -57% | -$403K |
|
1392
CALL
Lumentum
LITE
$77.7B
| $257K | ﹤0.01% |
+300
| New | +$268K |
|
1393
South Plains Financial
SPFI
$833M
| $257K | ﹤0.01% |
+5,958
| New | +$249K |
|
1394
First Industrial Realty Trust
FR
$8.34B
| $255K | ﹤0.01% |
+4,165
| New | +$258K |
|
|
USAR
1395
USA Rare Earth Inc
USAR
$4.71B
| $254K | ﹤0.01% |
11,749
-80,719
| -87% | -$1.84M |
|
1396
Cadiz
CDZI
$310M
| $253K | ﹤0.01% |
60,539
-80,033
| -57% | -$357K |
|
1397
Ranger Energy Services
RNGR
$401M
| $252K | ﹤0.01% |
+15,746
| New | +$258K |
|
1398
Sky Harbour Group
SKYH
$402M
| $252K | ﹤0.01% |
+25,559
| New | +$250K |
|
1399
Amtech Systems
ASYS
$256M
| $244K | ﹤0.01% |
+10,557
| New | +$200K |
|
1400
Caleres
CAL
$457M
| $240K | ﹤0.01% |
19,419
-54,572
| -74% | -$708K |
|
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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.