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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
+18.5%
1 Year Est. Return
+38.81%
3 Year Est. Return
+110.53%
5 Year Est. Return
+124.16%
10 Year Est. Return
–
AUM
$15.5B
AUM Growth
+$2.94B
Cap. Flow
+$1.45B
Cap. Flow %
9.35%
Top 10 Hldgs %
30.63%
Holding
2,230
New
735
Increased
384
Reduced
378
Closed
720

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$614M
2
AAPL icon
Apple
AAPL
+$443M
3
BLD
TopBuild
BLD
+$391M
4
SPCX
SpaceX
SPCX
+$329M
5
PEN icon
Penumbra
PEN
+$203M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$1.96B
2
NVDA icon
NVIDIA
NVDA
+$425M
3
SNDK
Sandisk
SNDK
+$88M
4
SO icon
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
DRS icon
1676
Leonardo DRS
DRS
$10.9B
– –
-82,289
Closed -$3.66M
DRVN icon
1677
CALL
Driven Brands
DRVN
$2.17B
– –
-80,000
Closed -$1.01M
DSGX icon
1678
Descartes Systems
DSGX
$6.7B
– –
-25,864
Closed -$1.85M
DT icon
1679
Dynatrace
DT
$14.2B
– –
-658,195
Closed -$24.3M
DUOL icon
1680
Duolingo
DUOL
$6.84B
– –
-43,446
Closed -$4.28M
DVA icon
1681
DaVita
DVA
$11.1B
– –
-18,173
Closed -$2.79M
EAT icon
1682
CALL
Brinker International
EAT
$10.6B
– –
-15,300
Closed -$2.19M
EAT icon
1683
Brinker International
EAT
$10.6B
– –
-24,770
Closed -$3.54M
EBC icon
1684
Eastern Bankshares
EBC
$5.2B
– –
-35,045
Closed -$685K
ECPG icon
1685
Encore Capital Group
ECPG
$2.15B
– –
-27,962
Closed -$1.96M
ED icon
1686
Consolidated Edison
ED
$39.3B
– –
-120,122
Closed -$13.6M
EEFT icon
1687
Euronet Worldwide
EEFT
$2.62B
– –
-24,288
Closed -$1.61M
EEM icon
1688
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.2B
– –
-7,000
Closed -$398K
EGBN icon
1689
Eagle Bancorp
EGBN
$861M
– –
-22,096
Closed -$550K
EHAB
1690
DELISTED
Enhabit
EHAB
– –
-34,116
Closed -$481K
EIX icon
1691
Edison International
EIX
$27.5B
– –
-44,382
Closed -$3.25M
EL icon
1692
CALL
Estee Lauder
EL
$36.9B
– –
-52,500
Closed -$3.77M
EL icon
1693
PUT
Estee Lauder
EL
$36.9B
– –
-35,000
Closed -$2.51M
ELF icon
1694
e.l.f. Beauty
ELF
$6.02B
– –
-97,418
Closed -$5.9M
ELVN icon
1695
Enliven Therapeutics
ELVN
$4.38B
– –
-30,101
Closed -$1.18M
ENGN icon
1696
enGene Therapeutics
ENGN
$119M
– –
-26,613
Closed -$181K
ENPH icon
1697
Enphase Energy
ENPH
$5.1B
– –
-90,296
Closed -$3.41M
ENS icon
1698
EnerSys
ENS
$6.84B
– –
-46,524
Closed -$8.08M
EPC icon
1699
Edgewell Personal Care
EPC
$1.32B
– –
-16,984
Closed -$362K
EQIX icon
1700
Equinix
EQIX
$105B
– –
-8,458
Closed -$8.29M
66 67
68
69 70

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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.