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 | |
|---|---|---|---|---|---|---|
1476
B&G Foods
BGS
$281M
| – | – |
-95,095
| Closed | -$653K |
|
1477
Brookdale Senior Living
BKD
$2.82B
| – | – |
-573,566
| Closed | -$3.59M |
|
1478
Buckle
BKE
$2.26B
| – | – |
-64,021
| Closed | -$2.45M |
|
1479
BlackLine
BL
$1.85B
| – | – |
-15,785
| Closed | -$764K |
|
1480
Builders FirstSource
BLDR
$7.55B
| – | – |
-38,450
| Closed | -$4.8M |
|
1481
Blackrock
BLK
$179B
| – | – |
-23,749
| Closed | -$22.5M |
|
1482
Bloomin' Brands
BLMN
$996M
| – | – |
-181,851
| Closed | -$1.3M |
|
1483
Badger Meter
BMI
$3.82B
| – | – |
-33,258
| Closed | -$6.33M |
|
1484
Brookfield
BN
$93.1B
| – | – |
-70,200
| Closed | -$2.45M |
|
1485
Barnes & Noble Education
BNED
$418M
| – | – |
-10,733
| Closed | -$113K |
|
1486
Boston Omaha
BOC
$426M
| – | – |
-27,704
| Closed | -$404K |
|
1487
CALL
BP
BP
$115B
| – | – |
-50,000
| Closed | -$1.69M |
|
1488
Blue Ridge Bankshares
BRBS
$350M
| – | – |
-59,078
| Closed | -$193K |
|
|
BRY
1489
DELISTED
Berry Corp
BRY
| – | – |
-334,783
| Closed | -$1.07M |
|
1490
Bioventus
BVS
$982M
| – | – |
-28,119
| Closed | -$257K |
|
1491
BWX Technologies
BWXT
$14.4B
| – | – |
-53,726
| Closed | -$5.3M |
|
1492
Blackstone Mortgage Trust
BXMT
$2.41B
| – | – |
-63,035
| Closed | -$1.26M |
|
|
NXH
1493
Neighborhood Intelligence Inc
NXH
$396M
| – | – |
-22,543
| Closed | -$119K |
|
1494
Corporacion America
CAAP
$3.83B
| – | – |
-20,500
| Closed | -$375K |
|
1495
Credit Acceptance
CACC
$6.24B
| – | – |
-2,634
| Closed | -$1.36M |
|
|
CADE
1496
DELISTED
Cadence Bank
CADE
| – | – |
-48,387
| Closed | -$1.47M |
|
1497
Conagra Brands
CAG
$7.89B
| – | – |
-274,039
| Closed | -$7.31M |
|
|
CAN
1498
Canaan Creative
CAN
$264M
| – | – |
-362,505
| Closed | -$318K |
|
1499
Avis
CAR
$5.18B
| – | – |
-25,398
| Closed | -$2.74M |
|
1500
Cars.com
CARS
$654M
| – | – |
-92,526
| Closed | -$1.04M |
|
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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.