Q4 2024 · 13F-HR
VELA Investment Management, LLCholdings as filed
Filed 2025-02-05 · accession 0001895612-25-000002
$359.0M
Reported value
165
Positions
2024-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $14.1M | 3.92% | 24,000 | PUT | SOLE |
| 497266106 | KEX | Kirby Corp | $13.2M | 3.69% | 125,199 | Common | SOLE |
| 443320106 | HUBG | Hub Group Inc | $11.2M | 3.11% | 250,561 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $9.8M | 2.72% | 51,577 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $9.7M | 2.70% | 21,395 | Common | SOLE |
| 384637104 | GHC | Graham Holdings Co | $8.5M | 2.35% | 9,695 | Common | SOLE |
| 67066G104 | NVDA | Nvidia Corp | $7.4M | 2.06% | 55,000 | PUT | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $6.9M | 1.91% | 31,331 | Common | SOLE |
| 226718104 | CRTO | Criteo SA | $6.2M | 1.73% | 156,986 | Common | SOLE |
| 393657101 | GBX | Greenbrier Cos Inc/The | $6.1M | 1.70% | 100,217 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $5.4M | 1.51% | 37,561 | Common | SOLE |
| 03820C105 | AIT | Applied Industrial Technologie | $5.2M | 1.46% | 21,894 | Common | SOLE |
| 191098102 | COKE | Coca-Cola Consolidated Inc | $5.0M | 1.39% | 3,956 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings Inc | $4.9M | 1.37% | 26,246 | Common | SOLE |
| 17888H103 | CIVI | Civitas Resources Inc | $4.9M | 1.37% | 107,103 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $4.8M | 1.35% | 12,000 | PUT | SOLE |
| 871829107 | SYY | Sysco Corp | $4.6M | 1.29% | 60,670 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $4.6M | 1.27% | 49,298 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $4.4M | 1.22% | 20,000 | PUT | SOLE |
| 254687106 | DIS | Walt Disney Co/The | $4.3M | 1.21% | 38,929 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $4.2M | 1.17% | 47,387 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $4.2M | 1.16% | 22,000 | PUT | SOLE |
| 002824100 | ABT | Abbott Laboratories | $4.0M | 1.12% | 35,636 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $3.8M | 1.07% | 42,122 | Common | SOLE |
| 75281A109 | RRC | Range Resources Corp | $3.7M | 1.03% | 103,141 | Common | SOLE |
| 011532108 | AGI | Alamos Gold Inc | $3.7M | 1.03% | 199,797 | Common | SOLE |
| 71377A103 | PFGC | Performance Food Group Co | $3.6M | 1.01% | 42,896 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $3.6M | 1.00% | 8,508 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $3.5M | 0.97% | 3,300 | PUT | SOLE |
| 56146T103 | MAMA | Mama's Creations Inc | $3.2M | 0.90% | 406,604 | Common | SOLE |
| G0585R106 | AGO | Assured Guaranty Ltd | $3.1M | 0.86% | 34,428 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $3.1M | 0.86% | 35,042 | Common | SOLE |
| 92047W101 | VVV | Valvoline Inc | $3.0M | 0.85% | 84,273 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $3.0M | 0.84% | 37,644 | Common | SOLE |
| 666807102 | NOC | Northrop Grumman Corp | $3.0M | 0.84% | 6,403 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $3.0M | 0.82% | 7,000 | PUT | SOLE |
| 047726302 | BATRK | Atlanta Braves Holdings Inc | $2.9M | 0.81% | 76,048 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $2.8M | 0.77% | 34,441 | Common | SOLE |
| 044186104 | ASH | Ashland Inc | $2.8M | 0.77% | 38,580 | Common | SOLE |
| M6191J100 | FROG | JFrog Ltd | $2.7M | 0.76% | 92,444 | Common | SOLE |
| 67066G104 | NVDA | Nvidia Corp | $2.7M | 0.75% | 20,000 | CALL | SOLE |
| 713448108 | PEP | PepsiCo Inc | $2.7M | 0.74% | 17,517 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corp | $2.6M | 0.74% | 28,678 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc | $2.6M | 0.73% | 50,093 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $2.6M | 0.72% | 80,535 | Common | SOLE |
| 03674X106 | AR | Antero Resources Corp | $2.6M | 0.72% | 73,816 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust Series 1 | $2.6M | 0.71% | 5,000 | PUT | SOLE |
| 147528103 | CASY | Casey's General Stores Inc | $2.6M | 0.71% | 6,448 | Common | SOLE |
| 052769106 | ADSK | Autodesk Inc | $2.5M | 0.71% | 8,614 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $2.5M | 0.70% | 110,603 | Common | SOLE |
| 88162G103 | TTEK | Tetra Tech Inc | $2.5M | 0.69% | 62,538 | Common | SOLE |
| 811543107 | SEB | Seaboard Corp | $2.3M | 0.65% | 954 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $2.3M | 0.65% | 13,036 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd | $2.3M | 0.65% | 10,797 | Common | SOLE |
| 05561Q201 | BOKF | BOK Financial Corp | $2.3M | 0.64% | 21,707 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc | $2.3M | 0.64% | 64,666 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $2.3M | 0.64% | 3,916 | Common | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers Inc | $2.3M | 0.64% | 17,011 | Common | SOLE |
| G4766E116 | INDV | Indivior PLC | $2.3M | 0.63% | 179,659 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc | $2.3M | 0.63% | 41,319 | Common | SOLE |
| 624580106 | MOV | Movado Group PLC | $2.2M | 0.62% | 113,574 | Common | SOLE |
| 336901103 | SRCE | 1st Source Corp | $2.2M | 0.62% | 38,246 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $2.1M | 0.58% | 27,356 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $2.0M | 0.56% | 48,842 | Common | SOLE |
| 880770102 | TER | Teradyne Inc | $1.9M | 0.54% | 15,397 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $1.9M | 0.54% | 15,000 | PUT | SOLE |
| 127203107 | WHD | Cactus Inc. A | $1.9M | 0.53% | 32,718 | Common | SOLE |
| 172967424 | C | Citigroup Inc | $1.9M | 0.52% | 26,412 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc/The | $1.8M | 0.51% | 3,200 | PUT | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $1.8M | 0.51% | 16,423 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $1.8M | 0.50% | 1,679 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $1.7M | 0.49% | 23,632 | Common | SOLE |
| 313148306 | AGM | Federal Agric Mtg Corp Cl C | $1.7M | 0.48% | 8,754 | Common | SOLE |
| 825704109 | SIBN | SI-BONE Inc | $1.7M | 0.48% | 122,671 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc | $1.7M | 0.47% | 5,000 | PUT | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.6M | 0.46% | 330 | Common | SOLE |
| 21874C102 | CNM | Core & Main Inc | $1.6M | 0.45% | 31,902 | Common | SOLE |
| 59156R108 | MET | MetLife Inc | $1.6M | 0.45% | 19,528 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $1.6M | 0.44% | 12,248 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.6M | 0.44% | 2,700 | PUT | SOLE |
| 79466L302 | CRM | Salesforce Inc | $1.6M | 0.44% | 4,728 | Common | SOLE |
| 92826C839 | V | Visa Inc | $1.6M | 0.44% | 4,969 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.5M | 0.43% | 32,276 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $1.5M | 0.43% | 5,453 | Common | SOLE |
| 866683105 | SNCY | Sun Country Airlines Holding | $1.5M | 0.42% | 103,584 | Common | SOLE |
| 681116109 | OLLI | Ollie's Bargain Outlet Holding | $1.5M | 0.42% | 13,642 | Common | SOLE |
| 445658107 | JBHT | JB Hunt Transport Services Inc | $1.5M | 0.42% | 8,754 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L | $1.5M | 0.41% | 46,541 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $1.5M | 0.41% | 8,954 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.4M | 0.40% | 32,942 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $1.4M | 0.39% | 4,000 | PUT | SOLE |
| 989207105 | ZBRA | Zebra Technologies Corp Cl A | $1.4M | 0.38% | 3,528 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $1.3M | 0.37% | 3,737 | Common | SOLE |
| 00214Q104 | ARKK | ARK Innovation ETF | $1.3M | 0.36% | 23,000 | PUT | SOLE |
| 172967424 | C | Citigroup Inc | $1.3M | 0.35% | 18,000 | PUT | SOLE |
| 293792107 | EPD | Enterprise Products Partners L | $1.3M | 0.35% | 40,000 | PUT | SOLE |
| 872540109 | TJX | TJX Cos Inc/The | $1.2M | 0.35% | 10,283 | Common | SOLE |
| 052769106 | ADSK | Autodesk Inc | $1.2M | 0.35% | 4,200 | PUT | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $1.2M | 0.34% | 21,385 | Common | SOLE |
| 981811102 | WOR | Worthington Inc | $1.2M | 0.34% | 30,512 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.2M | 0.34% | 27,500 | PUT | SOLE |
| 437076102 | HD | Home Depot Inc/The | $1.2M | 0.33% | 3,085 | Common | SOLE |
| 116794108 | BRKR | Bruker Corp | $1.2M | 0.33% | 20,241 | Common | SOLE |
| 47103N106 | JBI | Janus International Group IN | $1.2M | 0.32% | 158,031 | Common | SOLE |
| 70450Y103 | PYPL | PayPal Holdings Inc | $1.2M | 0.32% | 13,559 | Common | SOLE |
| 244199105 | DE | Deere & Co | $1.1M | 0.31% | 2,624 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $1.0M | 0.29% | 25,000 | PUT | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $1.0M | 0.28% | 4,320 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca PLC | $952,596 | 0.27% | 14,539 | Common | SOLE |
| 24906P109 | XRAY | DENTSPLY Sirona Inc | $931,937 | 0.26% | 49,101 | Common | SOLE |
| 366505105 | GTX | Garrett Motion Inc. | $883,324 | 0.25% | 97,821 | Common | SOLE |
| 81686C104 | 628 | SEMrush Holdings Inc | $866,218 | 0.24% | 72,914 | Common | SOLE |
| G76279101 | ROIV | Roivant Sciences Ltd | $817,122 | 0.23% | 69,072 | Common | SOLE |
| 441593100 | HLI | Houlihan Lokey Inc | $813,423 | 0.23% | 4,684 | Common | SOLE |
| 56600D107 | MRVI | Maravai LifeSciences Holdings | $807,210 | 0.22% | 148,112 | Common | SOLE |
| 023139884 | OSG | AMBAC Financial Group, Inc. | $791,688 | 0.22% | 62,584 | Common | SOLE |
| 683344105 | ONTO | Onto Innovation Inc | $774,182 | 0.22% | 4,645 | Common | SOLE |
| G6564A105 | NOMD | Nomad Foods LTD | $771,880 | 0.22% | 46,000 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc | $765,099 | 0.21% | 2,074 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $733,190 | 0.20% | 12,155 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $703,325 | 0.20% | 2,500 | PUT | SOLE |
| 98138H101 | WDAY | Workday Inc | $703,132 | 0.20% | 2,725 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $701,460 | 0.20% | 3,000 | PUT | SOLE |
| 902494103 | TSN | Tyson Foods Inc | $697,379 | 0.19% | 12,141 | Common | SOLE |
| 444859102 | HUM | Humana Inc | $685,017 | 0.19% | 2,700 | CALL | SOLE |
| 343498101 | FLO | Flowers Foods Inc | $683,970 | 0.19% | 33,106 | Common | SOLE |
| 244199105 | DE | Deere & Co | $677,920 | 0.19% | 1,600 | PUT | SOLE |
| G1110E107 | BHVN | Biohaven Ltd | $654,745 | 0.18% | 17,530 | Common | SOLE |
| 40637H109 | HALO | Halozyme Therapeutics Inc. | $608,573 | 0.17% | 12,729 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $605,760 | 0.17% | 1,500 | CALL | SOLE |
| 62482R107 | 07WA | Mr Cooper Group Inc | $590,077 | 0.16% | 6,146 | Common | SOLE |
| 574599106 | MAS | Masco Corp | $574,319 | 0.16% | 7,914 | Common | SOLE |
| 29273V100 | ET | Energy Transfer LP | $554,534 | 0.15% | 28,307 | Common | SOLE |
| N53745100 | LYB | LyondellBasell Industries NV | $497,386 | 0.14% | 6,697 | Common | SOLE |
| 655844108 | NSC | Norfolk Southern Corp | $483,013 | 0.13% | 2,058 | Common | SOLE |
| 95058W100 | WEN | Wendy's Co/The | $474,574 | 0.13% | 29,115 | Common | SOLE |
| 500754106 | KHC | Kraft Heinz Co/The | $473,825 | 0.13% | 15,429 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $470,496 | 0.13% | 7,800 | PUT | SOLE |
| 372460105 | GPC | Genuine Parts Co | $452,562 | 0.13% | 3,876 | Common | SOLE |
| G0896C103 | TBBB | BBB Foods Inc | $424,200 | 0.12% | 15,000 | Common | SOLE |
| G54950103 | LIN | Linde PLC Shs | $420,345 | 0.12% | 1,004 | Common | SOLE |
| 101137107 | BSX | Boston Scientific Corp | $394,437 | 0.11% | 4,416 | Common | SOLE |
| 77313F106 | RCKT | Rocket Pharmaceuticals Inc | $389,155 | 0.11% | 30,959 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $384,870 | 0.11% | 10,255 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $368,434 | 0.10% | 1,537 | Common | SOLE |
| 285512109 | EA | Electronic Arts Inc | $357,411 | 0.10% | 2,443 | Common | SOLE |
| 91879Q109 | MTN | Vail Resorts Inc | $356,530 | 0.10% | 1,902 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $321,407 | 0.09% | 5,381 | Common | SOLE |
| 24823R105 | DNLI | Denali Therapeutics Inc | $318,641 | 0.09% | 15,635 | Common | SOLE |
| 053611109 | AVY | Avery Dennison Corp | $308,952 | 0.09% | 1,651 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc | $298,612 | 0.08% | 1,734 | Common | SOLE |
| 48251W104 | KKR | KKR & Co Inc Cl A | $297,151 | 0.08% | 2,009 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $285,578 | 0.08% | 1,523 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $278,152 | 0.08% | 1,334 | Common | SOLE |
| 026874784 | AIG | American Intl Group Inc | $261,643 | 0.07% | 3,594 | Common | SOLE |
| 70450Y103 | PYPL | PayPal Holdings Inc | $256,050 | 0.07% | 3,000 | PUT | SOLE |
| H2906T109 | GRMN | Garmin Ltd | $250,400 | 0.07% | 1,214 | Common | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $229,400 | 0.06% | 4,000 | PUT | SOLE |
| 95082P105 | WCC | Wesco Intl Inc | $229,276 | 0.06% | 1,267 | Common | SOLE |
| G2143T103 | CMPR | Cimpress PLC Euro | $214,228 | 0.06% | 2,987 | Common | SOLE |
| 67066G104 | NVDA | Nvidia Corp | $98,435 | 0.03% | 733 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust Series 1 | $98,004 | 0.03% | 192 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $87,912 | 0.02% | 150 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc/The | $16,033 | 0.00% | 28 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $8,481 | 0.00% | 21 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.