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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
CON
2176
Concentra Group Holdings
CON
$4.46B
– –
-61,396
Closed -$1.32M
OS
2177
DELISTED
OneStream Inc
OS
– –
-619
Closed -$14.9K
OS
2178
PUT
DELISTED
OneStream Inc
OS
– –
-52,500
Closed -$1.26M
NBIS
2179
Nebius Group N.V.
NBIS
$59.6B
– –
-204,103
Closed -$21.2M
NBIS
2180
PUT
Nebius Group N.V.
NBIS
$59.6B
– –
-100,000
Closed -$10.4M
SEI
2181
Solaris Energy Infrastructure
SEI
$3.51B
– –
-103,701
Closed -$5.86M
MBX
2182
MBX Biosciences
MBX
$3.19B
– –
-28,087
Closed -$838K
FTW
2183
Presidio Production Co
FTW
$366M
– –
-44,206
Closed -$487K
SARO
2184
StandardAero Inc
SARO
$8.29B
– –
-269,474
Closed -$6.96M
FLG
2185
Flagstar Bank National Association
FLG
$5.59B
– –
-287,371
Closed -$3.78M
MAGN
2186
Magnera Corp
MAGN
$439M
– –
-57,671
Closed -$548K
ONC
2187
BeOne Medicines Ltd
ONC
$42.4B
– –
-10,980
Closed -$3.26M
PRSU
2188
Pursuit Attractions and Hospitality Inc
PRSU
$1.33B
– –
-21,450
Closed -$786K
SFD
2189
Smithfield Foods
SFD
$8.76B
– –
-253,425
Closed -$7.09M
MRP
2190
Millrose Properties Inc
MRP
$5.05B
– –
-95,295
Closed -$2.67M
SION
2191
Sionna Therapeutics
SION
$239M
– –
-7,190
Closed -$288K
PUSA
2192
Aureus Greenway Holdings
PUSA
$92.4M
– –
-83,196
Closed -$282K
NPB
2193
Northpointe Bancshares
NPB
$595M
– –
-17,639
Closed -$304K
SGI
2194
CALL
Somnigroup International
SGI
$13.6B
– –
-200
Closed -$14.8K
SNDK
2195
CALL
Sandisk
SNDK
$234B
– –
-68,000
Closed -$43.2M
SNDK
2196
PUT
Sandisk
SNDK
$234B
– –
-226,100
Closed -$144M
USAR
2197
CALL
USA Rare Earth Inc
USAR
$4.71B
– –
-250,300
Closed -$3.79M
NMAX
2198
Newsmax Inc
NMAX
$1.39B
– –
-12,293
Closed -$64.2K
ALMU
2199
Aeluma Inc
ALMU
$270M
– –
-16,771
Closed -$220K
BULL
2200
Webull Corp
BULL
$4.67B
– –
-22,719
Closed -$109K
86 87
88
89 90

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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.