How We Invest

13F FILER • MICHAEL GELBAND

ExodusPoint Capital

Michael Gelband — ExodusPoint Capital Management, LP

No writing by this manager has been read and indexed yet, so this page carries the filings only. Holdings come straight from the Form 13F-HR on EDGAR.

1510

Positions

$15.5B

Reported Value

30.6%

In Top 10

—

Claims Indexed

Largest reported positions

EXODUSPOINT CAPITAL MANAGEMENT, LP • CIK 0001736225 • 2026-06-30 • FILED 2026-08-14

WHAT CHANGED THIS QUARTER

In its Q2 2026 13F, filed Aug 14, 2026, ExodusPoint Capital reported 1,510 positions worth $10.8B in US-listed stock. With 1,510 positions and only 30.6% in the ten largest, this is a diffuse book, where single lines are inventory rather than convictions.

It opened 754 new positions, the largest stock positions being Space Exploration Techn Corp ($331.3M), Shopify Inc ($111.5M) and Cerebras Systems Inc ($64.6M), and exited 698, the largest stock exits being Southern Co ($80.6M last quarter), Alphabet Inc ($51.7M last quarter) and Honeywell Intl Inc ($42.6M last quarter).

Among positions it already held, the biggest increases by share count were Topbuild Cor (+5686%), Bloom Energy Corp (+3133%) and Select Sector Spdr Tr (+2287%), and the biggest cuts were Nvidia Corporation (−60%), Entergy Corp New (−26%) and Evergy Inc (−15%).

Largest reported positions, quarter ended 2026-06-30
IssuerValueWeightShares QoQ
INVESCO QQQ TR (Put)$711.0M4.6%+444%
AMAZON COM INC$654.8M4.2%+818%
ISHARES TR (Call)$623.3M4.0%+4710%
AMAZON COM INC (Put)$548.0M3.5%+13043%
APPLE INC$493.4M3.2%+983%
APPLE INC (Put)$434.0M2.8%New
PENUMBRA INC$344.3M2.2%+134%
TOPBUILD COR$342.1M2.2%+5686%
SPACE EXPLORATION TECHN CORP$331.3M2.1%New
NVIDIA CORPORATION$275.4M1.8%-60%
INVESCO QQQ TR (Call)$257.9M1.7%New
VANECK ETF TRUST (Call)$223.0M1.4%+22567%
NVIDIA CORPORATION (Put)$180.1M1.2%-72%
NVIDIA CORPORATION (Call)$125.2M0.8%+104%
ADVANCED MICRO DEVICES INC (Call)$124.9M0.8%+443%
SHOPIFY INC (Put)$114.2M0.7%New
SHOPIFY INC$111.5M0.7%New
ISHARES TR (Call)$102.6M0.7%-83%
AMEREN CORP$86.4M0.6%-8%
MICROSOFT CORP$86.3M0.6%+216%

20 of 1,510 positions. 30.4% of reported value is options, where the figure is the notional value of the underlying rather than money spent. A 13F covers long US-listed positions at a quarter end only — no shorts, leverage, cash, ordinary bonds or private holdings — and is 45 days old on publication.

NEW POSITIONS

  • Space Exploration Techn Corp$331.3M · 2.1%
  • Shopify Inc$111.5M · 0.7%
  • Cerebras Systems Inc$64.6M · 0.4%

EXITS

  • Southern Co$80.6M last quarter
  • Alphabet Inc$51.7M last quarter
  • Honeywell Intl Inc$42.6M last quarter
  • Cooper Cos Inc$41.0M last quarter
  • Invesco Exchange Traded Fd T$38.9M last quarter

QUESTIONS PEOPLE ASK

What are ExodusPoint Capital's largest holdings?

OPEN
As of Jun 30, 2026, the three largest stock positions are Amazon Com Inc (4.2%), Apple Inc (3.2%) and Penumbra Inc (2.2%). With 1,510 positions and only 30.6% in the ten largest, this is a diffuse book, where single lines are inventory rather than convictions.

How big is ExodusPoint Capital's 13F portfolio?

OPEN
The Q2 2026 13F, filed Aug 14, 2026, reports 1,510 positions worth $15.5B. The ten largest make up 30.6% of it. 30.4% of that value is options, reported at the notional value of the underlying rather than money spent.

What did ExodusPoint Capital buy and sell in Q2 2026?

OPEN
It opened 754 new positions, the largest stock positions being Space Exploration Techn Corp ($331.3M), Shopify Inc ($111.5M) and Cerebras Systems Inc ($64.6M), and exited 698, the largest stock exits being Southern Co ($80.6M last quarter), Alphabet Inc ($51.7M last quarter) and Honeywell Intl Inc ($42.6M last quarter). Among positions it already held, the biggest increases by share count were Topbuild Cor (+5686%), Bloom Energy Corp (+3133%) and Select Sector Spdr Tr (+2287%), and the biggest cuts were Nvidia Corporation (−60%), Entergy Corp New (−26%) and Evergy Inc (−15%).

When is ExodusPoint Capital's next 13F due?

OPEN
The Q3 2026 13F is due Nov 16, 2026. Forty-five days after the quarter ends is November 14, 2026 (Saturday), so the deadline moves to the next business day. Michael Gelband's filing usually lands close to the deadline.

Filers with overlapping books