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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
EA
151
PUT
DELISTED
Electronic Arts
EA
$17.8M 0.11%
87,500
-179,000
-67% -$36.3M
CB icon
152
Chubb
CB
$132B
$17.8M 0.11%
+52,171
New +$17M
SNPS icon
153
Synopsys
SNPS
$76.2B
$17.8M 0.11%
39,849
+34,783
+687% +$16.4M
PAYC icon
154
Paycom
PAYC
$10.3B
$17.8M 0.11%
141,348
+61,291
+77% +$7.99M
FRVO
155
Fervo Energy
FRVO
$4.99B
$17.7M 0.11%
+605,197
New +$21.9M
WBD icon
156
PUT
Warner Bros
WBD
$71.6B
$17.7M 0.11%
664,600
-827,000
-55% -$22.4M
TFC icon
157
Truist Financial
TFC
$61.6B
$17.7M 0.11%
+354,586
New +$17.4M
EME icon
158
Emcor
EME
$34.3B
$17.4M 0.11%
+21,010
New +$17.8M
LLY icon
159
Eli Lilly
LLY
$1.12T
$17.4M 0.11%
14,472
-11,227
-44% -$11.5M
CVX icon
160
Chevron
CVX
$403B
$17.3M 0.11%
104,588
-110,815
-51% -$20.6M
MTCH icon
161
Match Group
MTCH
$9.38B
$17.2M 0.11%
452,817
+369,218
+442% +$13.1M
CAKE icon
162
Cheesecake Factory
CAKE
$5.64B
$17.2M 0.11%
216,138
+107,499
+99% +$6.96M
LIVN icon
163
LivaNova
LIVN
$4.34B
$17.1M 0.11%
207,801
-287,817
-58% -$20.4M
LION icon
164
Lionsgate Studios
LION
$3.42B
$16.9M 0.11%
1,105,621
+397,610
+56% +$5.14M
BBIO icon
165
BridgeBio Pharma
BBIO
$15.9B
$16.8M 0.11%
+224,927
New +$15.8M
CNC icon
166
Centene
CNC
$32.1B
$16.7M 0.11%
260,903
+172,522
+195% +$9.22M
LNTH icon
167
Lantheus
LNTH
$6.53B
$16.6M 0.11%
150,033
-66,289
-31% -$6.18M
XLP icon
168
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
$16.6M 0.11%
+200,000
New +$16.7M
OPRA
169
Opera Ltd
OPRA
$1.7B
$16.6M 0.11%
836,410
+398,445
+91% +$7.04M
VECO icon
170
Veeco
VECO
$2.93B
$16.6M 0.11%
+218,508
New +$12.5M
VMRK
171
Vivmark Residential
VMRK
$25B
$16.5M 0.11%
+242,297
New +$15.7M
TMO icon
172
Thermo Fisher Scientific
TMO
$233B
$16.4M 0.11%
+32,661
New +$15.7M
HAL icon
173
Halliburton
HAL
$29.4B
$16.2M 0.1%
475,892
+268,514
+129% +$10.5M
UBER icon
174
Uber
UBER
$161B
$16.1M 0.1%
+223,045
New +$16.4M
HONA
175
Honeywell Aerospace
HONA
$52.2B
$16M 0.1%
+72,572
New +$16M
5 6
7
8 9

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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.