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 | |
|---|---|---|---|---|---|---|
1876
Monster Beverage
MNST
$93.6B
| – | – |
-80,556
| Closed | -$2.92M |
|
1877
Moog Inc Class A
MOG.A
$12.3B
| – | – |
-6,356
| Closed | -$1.86M |
|
1878
Morningstar
MORN
$8.1B
| – | – |
-2,118
| Closed | -$358K |
|
1879
Marathon Petroleum
MPC
$101B
| – | – |
-49,764
| Closed | -$12.2M |
|
1880
Mercury Systems
MRCY
$5.49B
| – | – |
-39,224
| Closed | -$2.86M |
|
1881
Merck
MRK
$376B
| – | – |
-144,655
| Closed | -$17.4M |
|
1882
Moderna
MRNA
$57.9B
| – | – |
-13,099
| Closed | -$665K |
|
1883
Marvell Technology
MRVL
$213B
| – | – |
-3,858
| Closed | -$774K |
|
1884
Morgan Stanley
MS
$336B
| – | – |
-118,759
| Closed | -$19.5M |
|
|
1885
PUT
Morgan Stanley
MS
$336B
| – | – |
-20,000
| Closed | -$3.29M |
|
1886
Mine Safety
MSA
$7.31B
| – | – |
-46,332
| Closed | -$7.6M |
|
1887
Morgan Stanley Direct Lending Fund
MSDL
$1.29B
| – | – |
-160,332
| Closed | -$2.24M |
|
1888
Matador Resources
MTDR
$7.22B
| – | – |
-67,613
| Closed | -$4.27M |
|
1889
MasTec
MTZ
$21.4B
| – | – |
-55,985
| Closed | -$18M |
|
1890
Micron Technology
MU
$1.09T
| – | – |
-73,824
| Closed | -$55.4M |
|
1891
Murphy Oil
MUR
$5.36B
| – | – |
-12,980
| Closed | -$535K |
|
1892
CALL
Murphy USA
MUSA
$10.5B
| – | – |
-6,200
| Closed | -$3.06M |
|
1893
Microvast
MVST
$309M
| – | – |
-167,824
| Closed | -$252K |
|
1894
Myers Industries
MYE
$1.26B
| – | – |
-53,944
| Closed | -$1.14M |
|
1895
MYR Group
MYRG
$4.84B
| – | – |
-20,947
| Closed | -$5.91M |
|
1896
NBT Bancorp
NBTB
$2.71B
| – | – |
-61,064
| Closed | -$2.6M |
|
1897
nCino
NCNO
$2.26B
| – | – |
-579,927
| Closed | -$8.69M |
|
1898
Newmont
NEM
$139B
| – | – |
-101,673
| Closed | -$11M |
|
1899
NewMarket
NEU
$8.62B
| – | – |
-8,335
| Closed | -$5.34M |
|
1900
NewtekOne
NEWT
$362M
| – | – |
-42,353
| Closed | -$464K |
|
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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.