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 | |
|---|---|---|---|---|---|---|
1401
Murphy USA
MUSA
$10.5B
| $239K | ﹤0.01% |
+443
| New | +$241K |
|
1402
DHT Holdings
DHT
$3.2B
| $239K | ﹤0.01% |
14,432
-503,878
| -97% | -$9M |
|
|
CIM
1403
Chimera Investment
CIM
$964M
| $239K | ﹤0.01% |
+17,880
| New | +$239K |
|
1404
First Bank
FRBA
$451M
| $234K | ﹤0.01% |
+13,192
| New | +$212K |
|
1405
Liberty Global Class C
LBTYK
$3.55B
| $234K | ﹤0.01% |
+21,231
| New | +$246K |
|
|
KLC
1406
KinderCare Learning Companies
KLC
$326M
| $229K | ﹤0.01% |
53,994
-138,056
| -72% | -$510K |
|
1407
Preformed Line Products
PLPC
$2.1B
| $228K | ﹤0.01% |
+555
| New | +$194K |
|
1408
Clear Channel Outdoor Holdings
CCO
$1.21B
| $226K | ﹤0.01% |
93,213
+60,116
| +182% | +$144K |
|
1409
Compass Diversified
CODI
$879M
| $223K | ﹤0.01% |
+20,892
| New | +$228K |
|
1410
Avista
AVA
$3.15B
| $222K | ﹤0.01% |
+5,426
| New | +$223K |
|
|
ECO
1411
Okeanis Eco Tankers
ECO
$2.53B
| $221K | ﹤0.01% |
4,419
-57,565
| -93% | -$3M |
|
|
BLLN
1412
BillionToOne Inc
BLLN
$4.48B
| $221K | ﹤0.01% |
+1,838
| New | +$168K |
|
1413
Forte Biosciences
FBRX
$1.63B
| $217K | ﹤0.01% |
10,223
-3,524
| -26% | -$83.6K |
|
1414
Cohu
COHU
$2.57B
| $217K | ﹤0.01% |
2,937
-139,256
| -98% | -$6.96M |
|
1415
ZIM Integrated Shipping Services
ZIM
$3.4B
| $215K | ﹤0.01% |
+8,282
| New | +$214K |
|
1416
Palladyne AI
PDYN
$302M
| $213K | ﹤0.01% |
35,105
+2,977
| +9% | +$19.7K |
|
1417
FTAI Infrastructure
FIP
$451M
| $212K | ﹤0.01% |
45,753
-5,161
| -10% | -$25.7K |
|
1418
Treace Medical Concepts
TMCI
$282M
| $212K | ﹤0.01% |
+53,156
| New | +$146K |
|
1419
Trump Media & Technology Group
DJT
$2.53B
| $206K | ﹤0.01% |
+26,608
| New | +$234K |
|
|
EVMN
1420
Evommune Inc
EVMN
$509M
| $202K | ﹤0.01% |
15,227
-78,686
| -84% | -$1.83M |
|
1421
Fortis
FTS
$28B
| $202K | ﹤0.01% |
+3,527
| New | +$199K |
|
1422
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $201K | ﹤0.01% |
830
+80
| +11% | +$18.2K |
|
1423
Algonquin Power & Utilities
AQN
$4.39B
| $199K | ﹤0.01% |
+34,000
| New | +$206K |
|
1424
Cushman & Wakefield Ltd
CWK
$3.48B
| $194K | ﹤0.01% |
14,515
-160,518
| -92% | -$2.15M |
|
1425
Tredegar Corp
TG
$278M
| $193K | ﹤0.01% |
+24,196
| New | +$205K |
|
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.