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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
AEM icon
176
Agnico Eagle Mines
AEM
$109B
$16M 0.1%
+103,039
New +$19.1M
PCTY icon
177
Paylocity
PCTY
$8.14B
$16M 0.1%
152,901
+28,763
+23% +$3.06M
ONTO icon
178
Onto Innovation
ONTO
$17.9B
$15.9M 0.1%
42,048
-4,188
-9% -$1.19M
TTMI icon
179
TTM Technologies
TTMI
$11.6B
$15.9M 0.1%
+84,992
New +$13.7M
CHKP icon
180
Check Point Software Technologies
CHKP
$13.3B
$15.8M 0.1%
+120,277
New +$15.6M
PPG icon
181
PPG Industries
PPG
$25.3B
$15.8M 0.1%
+130,284
New +$14.5M
SIRI icon
182
SiriusXM
SIRI
$9.67B
$15.7M 0.1%
531,934
+262,279
+97% +$7.05M
CPAY icon
183
Corpay
CPAY
$27.4B
$15.7M 0.1%
+47,069
New +$15.6M
AMD icon
184
PUT
Advanced Micro Devices
AMD
$773B
$15.7M 0.1%
+27,000
New +$11.1M
SW
185
Smurfit Westrock
SW
$25.9B
$15.6M 0.1%
336,857
-339,433
-50% -$14M
ZBH icon
186
Zimmer Biomet
ZBH
$19.3B
$15.6M 0.1%
180,884
+84,284
+87% +$7.39M
VKTX icon
187
CALL
Viking Therapeutics
VKTX
$3.95B
$15.3M 0.1%
393,000
+255,900
+187% +$8.27M
NOC icon
188
Northrop Grumman
NOC
$78.3B
$15.3M 0.1%
30,033
+62
+0.2% +$35.8K
DOCN icon
189
DigitalOcean
DOCN
$13.6B
$15.3M 0.1%
97,364
+31,219
+47% +$4.22M
PCOR icon
190
Procore
PCOR
$9.65B
$15.2M 0.1%
+374,676
New +$18.5M
MRSH
191
Marsh
MRSH
$91.6B
$15.1M 0.1%
90,636
+81,918
+940% +$13.7M
VTR icon
192
Ventas
VTR
$47.7B
$15.1M 0.1%
170,010
+126,872
+294% +$10.8M
HUM icon
193
Humana
HUM
$45.5B
$15.1M 0.1%
+37,925
New +$10.8M
CSX icon
194
CSX Corp
CSX
$95.6B
$14.9M 0.1%
313,235
-338,285
-52% -$15.3M
CMC icon
195
Commercial Metals
CMC
$7.34B
$14.8M 0.1%
+236,478
New +$16.6M
OMC icon
196
Omnicom Group
OMC
$24B
$14.8M 0.1%
+203,249
New +$15.3M
SPGI icon
197
S&P Global
SPGI
$127B
$14.8M 0.1%
36,279
+10,286
+40% +$4.34M
ELV icon
198
Elevance Health
ELV
$86.9B
$14.6M 0.09%
+37,855
New +$14M
FDX icon
199
FedEx
FDX
$76.9B
$14.6M 0.09%
46,724
+45,814
+5,035% +$16.6M
BMY icon
200
Bristol-Myers Squibb
BMY
$137B
$14.6M 0.09%
253,748
+143,563
+130% +$8.24M
6 7
8
9 10

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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.