Q1 2025 · 13F-HR
VELA Investment Management, LLCholdings as filed
Filed 2025-04-29 · accession 0001895612-25-000006
$318.9M
Reported value
153
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 497266106 | KEX | Kirby Corp | $13.2M | 4.13% | 130,254 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $10.4M | 3.25% | 19,487 | Common | SOLE |
| 443320106 | HUBG | Hub Group Inc | $9.3M | 2.91% | 249,737 | Common | SOLE |
| 384637104 | GHC | Graham Holdings Co | $8.0M | 2.51% | 8,343 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $7.7M | 2.41% | 49,746 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $7.0M | 2.19% | 12,500 | PUT | SOLE |
| 226718104 | CRTO | Criteo SA | $6.7M | 2.10% | 188,744 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $6.5M | 2.05% | 39,396 | Common | SOLE |
| 871829107 | SYY | Sysco Corp | $6.4M | 1.99% | 84,641 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings Inc | $6.3M | 1.98% | 33,359 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $6.2M | 1.95% | 32,647 | Common | SOLE |
| 191098102 | COKE | Coca-Cola Consolidated Inc | $5.3M | 1.67% | 3,950 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $5.2M | 1.63% | 54,094 | Common | SOLE |
| 03820C105 | AIT | Applied Industrial Technologie | $4.9M | 1.54% | 21,790 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co/The | $4.6M | 1.45% | 46,918 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $4.5M | 1.43% | 154,512 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $4.5M | 1.41% | 29,980 | Common | SOLE |
| 011532108 | AGI | Alamos Gold Inc | $4.5M | 1.41% | 167,907 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $4.3M | 1.36% | 32,769 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $4.2M | 1.31% | 41,822 | Common | SOLE |
| 666807102 | NOC | Northrop Grumman Corp | $4.1M | 1.27% | 7,915 | Common | SOLE |
| 92047W101 | VVV | Valvoline Inc | $4.0M | 1.26% | 115,392 | Common | SOLE |
| 71377A103 | PFGC | Performance Food Group Co | $3.7M | 1.15% | 46,601 | Common | SOLE |
| 17888H103 | CIVI | Civitas Resources Inc | $3.4M | 1.08% | 98,633 | Common | SOLE |
| 393657101 | GBX | Greenbrier Cos Inc/The | $3.4M | 1.07% | 66,852 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $3.3M | 1.05% | 44,675 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $3.2M | 1.02% | 35,042 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $3.2M | 1.01% | 32,788 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $3.1M | 0.98% | 110,606 | Common | SOLE |
| 56146T103 | MAMA | Mama's Creations Inc | $3.1M | 0.97% | 476,353 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd | $3.1M | 0.97% | 18,872 | Common | SOLE |
| 047726302 | BATRK | Atlanta Braves Holdings Inc | $3.0M | 0.96% | 76,222 | Common | SOLE |
| G0585R106 | AGO | Assured Guaranty Ltd | $3.0M | 0.95% | 34,428 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc | $3.0M | 0.94% | 50,193 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $3.0M | 0.94% | 7,961 | Common | SOLE |
| 127203107 | WHD | Cactus Inc. A | $2.9M | 0.92% | 64,282 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corp | $2.9M | 0.91% | 28,678 | Common | SOLE |
| 116794108 | BRKR | Bruker Corp | $2.9M | 0.90% | 68,663 | Common | SOLE |
| 75281A109 | RRC | Range Resources Corp | $2.8M | 0.88% | 70,609 | Common | SOLE |
| 811543107 | SEB | Seaboard Corp | $2.6M | 0.82% | 965 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $2.5M | 0.79% | 12,045 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc | $2.5M | 0.79% | 64,698 | Common | SOLE |
| 313148306 | AGM | Federal Agric Mtg Corp Cl C | $2.4M | 0.76% | 12,982 | Common | SOLE |
| 624580106 | MOV | Movado Group PLC | $2.4M | 0.75% | 143,397 | Common | SOLE |
| 03674X106 | AR | Antero Resources Corp | $2.3M | 0.71% | 56,080 | Common | SOLE |
| 05561Q201 | BOKF | BOK Financial Corp | $2.3M | 0.71% | 21,707 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $2.2M | 0.69% | 15,000 | PUT | SOLE |
| 052769106 | ADSK | Autodesk Inc | $2.1M | 0.67% | 8,183 | Common | SOLE |
| 88162G103 | TTEK | Tetra Tech Inc | $2.1M | 0.67% | 72,731 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $2.1M | 0.66% | 12,777 | Common | SOLE |
| 044186104 | ASH | Ashland Inc | $2.0M | 0.64% | 34,333 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $2.0M | 0.64% | 3,530 | Common | SOLE |
| 336901103 | SRCE | 1st Source Corp | $1.9M | 0.61% | 32,331 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.9M | 0.61% | 36,120 | Common | SOLE |
| M6191J100 | FROG | JFrog Ltd | $1.9M | 0.60% | 59,542 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $1.9M | 0.60% | 10,000 | PUT | SOLE |
| 594918104 | MSFT | Microsoft Corp | $1.9M | 0.59% | 5,000 | PUT | SOLE |
| 172967424 | C | Citigroup Inc | $1.8M | 0.57% | 25,597 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $1.8M | 0.57% | 23,120 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $1.7M | 0.55% | 11,000 | Common | SOLE |
| 825704109 | SIBN | SI-BONE Inc | $1.7M | 0.54% | 122,671 | Common | SOLE |
| 880770102 | TER | Teradyne Inc | $1.7M | 0.54% | 20,803 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $1.7M | 0.54% | 27,059 | Common | SOLE |
| 92826C839 | V | Visa Inc | $1.7M | 0.53% | 4,855 | Common | SOLE |
| G4766E116 | INDV | Indivior PLC | $1.7M | 0.53% | 179,659 | Common | SOLE |
| 47103N106 | JBI | Janus International Group IN | $1.7M | 0.53% | 234,288 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $1.6M | 0.51% | 16,423 | Common | SOLE |
| 681116109 | OLLI | Ollie's Bargain Outlet Holding | $1.6M | 0.50% | 13,642 | Common | SOLE |
| 866683105 | SNCY | Sun Country Airlines Holding | $1.6M | 0.50% | 128,746 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $1.6M | 0.49% | 10,687 | Common | SOLE |
| 59156R108 | MET | MetLife Inc | $1.6M | 0.49% | 19,545 | Common | SOLE |
| 981811102 | WOR | Worthington Inc | $1.6M | 0.49% | 31,150 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $1.6M | 0.49% | 6,000 | CALL | SOLE |
| 636180101 | NFG | National Fuel Gas Co NJ | $1.5M | 0.48% | 19,459 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $1.5M | 0.47% | 34,267 | Common | SOLE |
| 81686C104 | 628 | SEMrush Holdings Inc | $1.5M | 0.46% | 156,772 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.4M | 0.45% | 2,500 | PUT | SOLE |
| 929566107 | WNC | Wabash National Corp | $1.4M | 0.45% | 128,540 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.4M | 0.44% | 308 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.4M | 0.43% | 32,942 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $1.3M | 0.41% | 4,150 | Common | SOLE |
| 437076102 | HD | Home Depot Inc/The | $1.3M | 0.40% | 3,516 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc | $1.3M | 0.39% | 4,692 | Common | SOLE |
| 872540109 | TJX | TJX Cos Inc/The | $1.3M | 0.39% | 10,283 | Common | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $1.2M | 0.38% | 25,347 | Common | SOLE |
| 244199105 | DE | Deere & Co | $1.2M | 0.38% | 2,602 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $1.2M | 0.38% | 1,519 | Common | SOLE |
| 445658107 | JBHT | JB Hunt Transport Services Inc | $1.2M | 0.38% | 8,148 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc | $1.2M | 0.37% | 2,359 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc | $1.2M | 0.36% | 2,674 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.1M | 0.36% | 27,500 | PUT | SOLE |
| 683344105 | ONTO | Onto Innovation Inc | $1.1M | 0.36% | 9,408 | Common | SOLE |
| G6564A105 | NOMD | Nomad Foods LTD | $1.1M | 0.36% | 57,900 | Common | SOLE |
| 902494103 | TSN | Tyson Foods Inc | $1.1M | 0.35% | 17,678 | Common | SOLE |
| 147528103 | CASY | Casey's General Stores Inc | $1.1M | 0.35% | 2,572 | Common | SOLE |
| 172967424 | C | Citigroup Inc | $1.1M | 0.33% | 15,000 | PUT | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers Inc | $1.0M | 0.33% | 8,373 | Common | SOLE |
| 366505105 | GTX | Garrett Motion Inc. | $1.0M | 0.32% | 120,192 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $1.0M | 0.31% | 4,117 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $967,654 | 0.30% | 13,281 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $961,053 | 0.30% | 10,695 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc | $958,825 | 0.30% | 2,500 | CALL | SOLE |
| 046353108 | AZNN | AstraZeneca PLC | $944,328 | 0.30% | 12,848 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $932,608 | 0.29% | 12,800 | PUT | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $923,892 | 0.29% | 5,472 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $921,382 | 0.29% | 200 | PUT | SOLE |
| 64110Y108 | NLOP | Net Lease Office Properties | $890,596 | 0.28% | 28,381 | Common | SOLE |
| N53745100 | LYB | LyondellBasell Industries NV | $817,133 | 0.26% | 11,607 | Common | SOLE |
| 40637H109 | HALO | Halozyme Therapeutics Inc. | $812,237 | 0.25% | 12,729 | Common | SOLE |
| 023139884 | OSG | AMBAC Financial Group, Inc. | $808,605 | 0.25% | 92,412 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc | $766,676 | 0.24% | 1,999 | Common | SOLE |
| 244199105 | DE | Deere & Co | $750,960 | 0.24% | 1,600 | PUT | SOLE |
| 445658107 | JBHT | JB Hunt Transport Services Inc | $739,750 | 0.23% | 5,000 | PUT | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $716,385 | 0.22% | 16,300 | PUT | SOLE |
| 70450Y103 | PYPL | PayPal Holdings Inc | $691,193 | 0.22% | 10,593 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $687,279 | 0.22% | 2,943 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $675,360 | 0.21% | 4,000 | PUT | SOLE |
| G0896C103 | TBBB | BBB Foods Inc | $667,000 | 0.21% | 25,000 | Common | SOLE |
| G1110E107 | BHVN | Biohaven Ltd | $645,137 | 0.20% | 26,836 | Common | SOLE |
| 343498101 | FLO | Flowers Foods Inc | $629,345 | 0.20% | 33,106 | Common | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $580,920 | 0.18% | 12,000 | PUT | SOLE |
| 45780R101 | IBP | Installed Bldg Prods Inc | $562,560 | 0.18% | 3,281 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $557,298 | 0.17% | 700 | PUT | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $541,240 | 0.17% | 3,500 | PUT | SOLE |
| 574599106 | MAS | Masco Corp | $531,077 | 0.17% | 7,637 | Common | SOLE |
| 260557103 | DOW | Dow Inc | $523,800 | 0.16% | 15,000 | PUT | SOLE |
| 285512109 | EA | Electronic Arts Inc | $521,284 | 0.16% | 3,607 | Common | SOLE |
| N53745100 | LYB | LyondellBasell Industries NV | $492,800 | 0.15% | 7,000 | PUT | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $481,028 | 0.15% | 13,036 | Common | SOLE |
| 500754106 | KHC | Kraft Heinz Co/The | $469,504 | 0.15% | 15,429 | Common | SOLE |
| 62482R107 | 07WA | Mr Cooper Group Inc | $468,473 | 0.15% | 3,917 | Common | SOLE |
| G54950103 | LIN | Linde PLC Shs | $467,503 | 0.15% | 1,004 | Common | SOLE |
| 655844108 | NSC | Norfolk Southern Corp | $467,068 | 0.15% | 1,972 | Common | SOLE |
| 372460105 | GPC | Genuine Parts Co | $460,238 | 0.14% | 3,863 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $419,381 | 0.13% | 6,181 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $397,001 | 0.12% | 1,700 | PUT | SOLE |
| 260557103 | DOW | Dow Inc | $389,707 | 0.12% | 11,160 | Common | SOLE |
| 91879Q109 | MTN | Vail Resorts Inc | $388,048 | 0.12% | 2,425 | Common | SOLE |
| 24823R105 | DNLI | Denali Therapeutics Inc | $377,547 | 0.12% | 27,771 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $377,026 | 0.12% | 1,537 | Common | SOLE |
| 56600D107 | MRVI | Maravai LifeSciences Holdings | $345,498 | 0.11% | 156,334 | Common | SOLE |
| 052769106 | ADSK | Autodesk Inc | $314,160 | 0.10% | 1,200 | PUT | SOLE |
| 911312106 | UPS | United Parcel Service Inc Cl B | $312,482 | 0.10% | 2,841 | Common | SOLE |
| 026874784 | AIG | American Intl Group Inc | $312,462 | 0.10% | 3,594 | Common | SOLE |
| 053611109 | AVY | Avery Dennison Corp | $293,828 | 0.09% | 1,651 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc | $279,513 | 0.09% | 1,683 | Common | SOLE |
| H2906T109 | GRMN | Garmin Ltd | $263,596 | 0.08% | 1,214 | Common | SOLE |
| 24906P109 | XRAY | DENTSPLY Sirona Inc | $248,497 | 0.08% | 16,633 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $236,305 | 0.07% | 1,315 | Common | SOLE |
| 48251W104 | KKR | KKR & Co Inc Cl A | $232,260 | 0.07% | 2,009 | Common | SOLE |
| 77313F106 | RCKT | Rocket Pharmaceuticals Inc | $206,497 | 0.06% | 30,959 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $158,860 | 0.05% | 1,000 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $83,908 | 0.03% | 150 | 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.