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MG

Michael Gelband ExodusPoint Capital Management

AUM $15.5B
1-Year Est. Return 38.81%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+11.09%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$11.4B
AUM Growth
+$1.29B
Cap. Flow
+$528M
Cap. Flow %
4.63%
Top 10 Hldgs %
25.25%
Holding
2,093
New
704
Increased
330
Reduced
366
Closed
687

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$75M
2
CVX icon
Chevron
CVX
+$59.9M
3
GEHC icon
GE HealthCare
GEHC
+$57.5M
4
APP icon
Applovin
APP
+$54.7M
5
OKLO
Oklo
OKLO
+$52.8M

Top Sells

Rank Stock Value
1
XEL icon
Xcel Energy
XEL
+$137M
2
META icon
Meta Platforms (Facebook)
META
+$61.8M
3
BDX icon
Becton Dickinson
BDX
+$59.9M
4
CRWV
CoreWeave
CRWV
+$57.1M
5
AAPL icon
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
FWONA icon
1626
Liberty Media Series A
FWONA
$24.2B
– –
-38
Closed -$3K
FWONK icon
1627
Liberty Media Series C
FWONK
$26.3B
– –
-36,857
Closed -$3.32M
FWRD icon
1628
CALL
Forward Air
FWRD
$612M
– –
-180,000
Closed -$3.64M
FWRD icon
1629
Forward Air
FWRD
$612M
– –
-189,559
Closed -$3.81M
G icon
1630
Genpact
G
$6.24B
– –
-133,337
Closed -$6.72M
GATX icon
1631
GATX Corp
GATX
$6.25B
– –
-30,260
Closed -$4.7M
GBDC icon
1632
Golub Capital BDC
GBDC
$3.43B
– –
-29,400
Closed -$445K
GBTG icon
1633
American Express Global Business Travel
GBTG
$4.94B
– –
-157,326
Closed -$1.14M
GBX icon
1634
The Greenbrier Companies
GBX
$1.42B
– –
-10,490
Closed -$537K
GDRX icon
1635
GoodRx Holdings
GDRX
$1.18B
– –
-21,617
Closed -$95K
GE icon
1636
GE Aerospace
GE
$361B
– –
-120,669
Closed -$24.2M
GEVO icon
1637
Gevo
GEVO
$381M
– –
-223,363
Closed -$259K
GFI icon
1638
Gold Fields
GFI
$42.8B
– –
-34,397
Closed -$760K
GFL icon
1639
GFL Environmental
GFL
$14.8B
– –
-13,000
Closed -$628K
GHC icon
1640
Graham Holdings Company
GHC
$4.94B
– –
-494
Closed -$475K
GIII icon
1641
G-III Apparel Group
GIII
$1.43B
– –
-239,910
Closed -$6.56M
GILD icon
1642
Gilead Sciences
GILD
$181B
– –
-104,663
Closed -$11.7M
GKOS icon
1643
Glaukos
GKOS
$10.9B
– –
-49,111
Closed -$4.83M
GLAD icon
1644
Gladstone Capital
GLAD
$444M
– –
-13,590
Closed -$373K
GLDD
1645
DELISTED
Great Lakes Dredge & Dock
GLDD
– –
-35,505
Closed -$309K
GLNG icon
1646
Golar LNG
GLNG
$5.31B
– –
-228,276
Closed -$9M
GLNG icon
1647
PUT
Golar LNG
GLNG
$5.31B
– –
-400,300
Closed -$15.1M
GLOB icon
1648
Globant
GLOB
$1.71B
– –
-93,132
Closed -$11M
GNL icon
1649
Global Net Lease
GNL
$2.09B
– –
-109,292
Closed -$879K
GNW icon
1650
Genworth Financial
GNW
$3.73B
– –
-111,748
Closed -$792K
64 65
66
67 68

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GF
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AIM
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AA
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OTPPB
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NMIFOAC
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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.