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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
KO icon
201
Coca-Cola
KO
$392B
$14.6M 0.09%
179,888
+18,306
+11% +$1.45M
TENB icon
202
Tenable Holdings
TENB
$3.79B
$14.5M 0.09%
392,383
-63,989
-14% -$1.51M
NEE icon
203
NextEra Energy
NEE
$174B
$14.5M 0.09%
+164,768
New +$14.9M
ATI icon
204
ATI
ATI
$28.2B
$14.4M 0.09%
73,139
-15,073
-17% -$2.56M
VSH icon
205
Vishay Intertechnology
VSH
$4.85B
$14.4M 0.09%
+267,975
New +$11M
MU icon
206
PUT
Micron Technology
MU
$1.09T
$14.4M 0.09%
12,500
-112,500
-90% -$84.4M
PSX icon
207
Phillips 66
PSX
$96.9B
$14.4M 0.09%
84,917
-17,198
-17% -$2.96M
VRT icon
208
Vertiv
VRT
$101B
$14.3M 0.09%
+42,678
New +$13.5M
UNM icon
209
Unum
UNM
$13.9B
$14.3M 0.09%
159,737
+93,177
+140% +$7.72M
KVYO icon
210
Klaviyo
KVYO
$5.22B
$14.1M 0.09%
+934,136
New +$15.5M
ORKA
211
Oruka Therapeutics
ORKA
$7.15B
$14.1M 0.09%
148,212
+46,858
+46% +$3.12M
VKTX icon
212
Viking Therapeutics
VKTX
$3.95B
$14.1M 0.09%
361,126
+291,499
+419% +$9.42M
VFC icon
213
VF Corp
VFC
$5.65B
$14.1M 0.09%
842,891
+514,520
+157% +$9.2M
YSS
214
York Space Systems
YSS
$1.28B
$14.1M 0.09%
570,784
-22,338
-4% -$693K
DRI icon
215
Darden Restaurants
DRI
$25.2B
$14M 0.09%
67,975
+59,064
+663% +$11.8M
TTAN
216
ServiceTitan Inc
TTAN
$9.05B
$13.9M 0.09%
196,073
+102,223
+109% +$6.58M
XE
217
X-Energy Inc
XE
$7.59B
$13.7M 0.09%
+745,137
New +$19.3M
ON icon
218
ON Semiconductor
ON
$28.9B
$13.5M 0.09%
142,852
-262,388
-65% -$26.9M
SF
219
Stifel
SF
$12.2B
$13.4M 0.09%
192,460
+91,650
+91% +$6.83M
NSC icon
220
CALL
Norfolk Southern
NSC
$78.8B
$13.3M 0.09%
42,200
+7,200
+21% +$2.22M
ULS icon
221
UL Solutions
ULS
$15.2B
$13.3M 0.09%
130,675
-80,411
-38% -$7.6M
POST icon
222
Post Holdings
POST
$3.65B
$13.2M 0.09%
150,037
-55,906
-27% -$5.45M
CHTR icon
223
Charter Communications
CHTR
$17.9B
$13.2M 0.09%
+93,083
New +$15.5M
SYF icon
224
Synchrony
SYF
$25.9B
$13.1M 0.08%
+172,570
New +$12.7M
EMR icon
225
Emerson Electric
EMR
$87.7B
$13.1M 0.08%
91,613
+86,198
+1,592% +$12.1M
7 8
9
10 11

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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.