Q2 2025 · 13F-HR
VELA Investment Management, LLCholdings as filed
Filed 2025-07-29 · accession 0001895612-25-000008
$368.9M
Reported value
161
Positions
2025-06-30
Period end
The Brief · VELA Investment Management, LLC · Q2 2025
AI · grounded in 13F
VELA Investment Management, LLC established a new position in Kirby Corp KEX valued at $16.3M. The fund also initiated new stakes in Berkshire Hathaway Inc Cl B BRK/B for $14.1M and Hub Group Inc HUBG for $10.3M. Additional new positions include Alphabet Inc GOOGL, Criteo SA CRTO, and Amazon.com Inc AMZN.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 497266106 | KEX | Kirby Corp | $16.3M | 4.42% | 143,860 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $14.1M | 3.82% | 29,030 | Common | SOLE |
| 443320106 | HUBG | Hub Group Inc | $10.3M | 2.80% | 309,220 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $8.8M | 2.37% | 49,686 | Common | SOLE |
| 226718104 | CRTO | Criteo SA | $8.4M | 2.29% | 351,940 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $8.3M | 2.25% | 37,753 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings Inc | $8.3M | 2.24% | 39,863 | Common | SOLE |
| 92047W101 | VVV | Valvoline Inc | $7.9M | 2.15% | 208,970 | Common | SOLE |
| 871829107 | SYY | Sysco Corp | $6.6M | 1.79% | 87,238 | Common | SOLE |
| 384637104 | GHC | Graham Holdings Co | $6.6M | 1.79% | 6,977 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co/The | $6.2M | 1.69% | 50,271 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $5.8M | 1.58% | 38,273 | Common | SOLE |
| 03820C105 | AIT | Applied Industrial Technologie | $5.7M | 1.55% | 24,584 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $5.7M | 1.54% | 174,103 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $5.2M | 1.40% | 56,820 | Common | SOLE |
| 116794108 | BRKR | Bruker Corp | $5.1M | 1.38% | 123,591 | Common | SOLE |
| 127203107 | WHD | Cactus Inc. A | $5.0M | 1.37% | 115,440 | Common | SOLE |
| 71377A103 | PFGC | Performance Food Group Co | $4.8M | 1.31% | 55,305 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd | $4.8M | 1.31% | 30,432 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $4.6M | 1.26% | 7,500 | PUT | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $4.6M | 1.25% | 44,458 | Common | SOLE |
| 191098102 | COKE | Coca-Cola Consolidated Inc | $4.4M | 1.20% | 39,735 | Common | SOLE |
| 880770102 | TER | Teradyne Inc | $4.1M | 1.11% | 45,700 | Common | SOLE |
| 011532108 | AGI | Alamos Gold Inc | $4.0M | 1.10% | 152,430 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $3.9M | 1.07% | 35,741 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $3.9M | 1.05% | 28,425 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $3.8M | 1.03% | 7,632 | Common | SOLE |
| 393657101 | GBX | Greenbrier Cos Inc/The | $3.7M | 1.02% | 81,364 | Common | SOLE |
| 666807102 | NOC | Northrop Grumman Corp | $3.7M | 1.01% | 7,485 | Common | SOLE |
| 047726302 | BATRK | Atlanta Braves Holdings Inc | $3.7M | 1.00% | 79,232 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $3.6M | 0.98% | 44,479 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $3.5M | 0.96% | 26,765 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $3.5M | 0.95% | 18,540 | Common | SOLE |
| 88162G103 | TTEK | Tetra Tech Inc | $3.5M | 0.94% | 96,363 | Common | SOLE |
| 75281A109 | RRC | Range Resources Corp | $3.4M | 0.93% | 84,176 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $3.2M | 0.87% | 110,609 | Common | SOLE |
| 73278L105 | POOL | Pool Corp | $3.2M | 0.86% | 10,891 | Common | SOLE |
| 624580106 | MOV | Movado Group PLC | $3.0M | 0.83% | 199,760 | Common | SOLE |
| G0585R106 | AGO | Assured Guaranty Ltd | $3.0M | 0.81% | 34,428 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corp | $3.0M | 0.81% | 24,411 | Common | SOLE |
| 313148306 | AGM | Federal Agric Mtg Corp Cl C | $3.0M | 0.81% | 15,350 | Common | SOLE |
| 929566107 | WNC | Wabash National Corp | $2.9M | 0.80% | 277,206 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc | $2.9M | 0.80% | 50,193 | Common | SOLE |
| 03674X106 | AR | Antero Resources Corp | $2.9M | 0.78% | 71,024 | Common | SOLE |
| 56146T103 | MAMA | Mama's Creations Inc | $2.8M | 0.76% | 339,726 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $2.7M | 0.73% | 37,685 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $2.6M | 0.70% | 3,519 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $2.5M | 0.67% | 5,000 | PUT | SOLE |
| 866683105 | SNCY | Sun Country Airlines Holding | $2.5M | 0.67% | 211,048 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc | $2.5M | 0.67% | 66,147 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $2.5M | 0.66% | 17,021 | Common | SOLE |
| 825704109 | SIBN | SI-BONE Inc | $2.4M | 0.64% | 126,174 | Common | SOLE |
| 47103N106 | JBI | Janus International Group IN | $2.3M | 0.63% | 287,443 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $2.3M | 0.63% | 14,827 | Common | SOLE |
| 45780R101 | IBP | Installed Bldg Prods Inc | $2.3M | 0.62% | 12,750 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc | $2.3M | 0.62% | 5,622 | Common | SOLE |
| 05561Q201 | BOKF | BOK Financial Corp | $2.2M | 0.60% | 22,561 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $2.1M | 0.57% | 23,196 | Common | SOLE |
| 336901103 | SRCE | 1st Source Corp | $2.1M | 0.56% | 33,487 | Common | SOLE |
| 811543107 | SEB | Seaboard Corp | $2.1M | 0.56% | 724 | Common | SOLE |
| 981811102 | WOR | Worthington Inc | $2.0M | 0.54% | 31,363 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $2.0M | 0.53% | 10,558 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.9M | 0.51% | 36,685 | Common | SOLE |
| 172967424 | C | Citigroup Inc | $1.9M | 0.51% | 22,032 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.8M | 0.48% | 308 | Common | SOLE |
| 59156R108 | MET | MetLife Inc | $1.7M | 0.47% | 21,738 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $1.7M | 0.47% | 1,700 | PUT | SOLE |
| 172967424 | C | Citigroup Inc | $1.7M | 0.47% | 20,500 | PUT | SOLE |
| 636180101 | NFG | National Fuel Gas Co NJ | $1.7M | 0.47% | 20,361 | Common | SOLE |
| 82452J109 | FOUR | Shift 4 Payments Inc. Cl A | $1.7M | 0.45% | 16,905 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.6M | 0.44% | 2,200 | PUT | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $1.6M | 0.42% | 1,519 | Common | SOLE |
| G4766E116 | INDV | Indivior PLC | $1.5M | 0.42% | 105,027 | Common | SOLE |
| 00214Q104 | ARKK | ARK Innovation ETF | $1.5M | 0.42% | 22,000 | PUT | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $1.5M | 0.41% | 10,000 | PUT | SOLE |
| 052769106 | ADSK | Autodesk Inc | $1.5M | 0.41% | 4,930 | Common | SOLE |
| 92826C839 | V | Visa Inc | $1.5M | 0.41% | 4,225 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $1.5M | 0.40% | 4,991 | Common | SOLE |
| 044186104 | ASH | Ashland Inc | $1.5M | 0.40% | 29,586 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $1.5M | 0.40% | 9,761 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $1.5M | 0.40% | 16,098 | Common | SOLE |
| 64110Y108 | NLOP | Net Lease Office Properties | $1.5M | 0.40% | 45,215 | Common | SOLE |
| 81686C104 | 628 | SEMrush Holdings Inc | $1.5M | 0.40% | 162,020 | Common | SOLE |
| 651587107 | NEU | NewMarket Corp | $1.5M | 0.40% | 2,112 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.4M | 0.39% | 30,185 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $1.4M | 0.39% | 20,000 | PUT | SOLE |
| M6191J100 | FROG | JFrog Ltd | $1.4M | 0.38% | 31,617 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $1.3M | 0.36% | 34,333 | Common | SOLE |
| 244199105 | DE | Deere & Co | $1.3M | 0.36% | 2,588 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.3M | 0.35% | 27,500 | PUT | SOLE |
| 437076102 | HD | Home Depot Inc/The | $1.3M | 0.35% | 3,516 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc | $1.3M | 0.35% | 4,692 | Common | SOLE |
| G6564A105 | NOMD | Nomad Foods LTD | $1.3M | 0.34% | 74,000 | Common | SOLE |
| 872540109 | TJX | TJX Cos Inc/The | $1.2M | 0.32% | 9,572 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.2M | 0.31% | 200 | PUT | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $1.1M | 0.31% | 12,252 | Common | SOLE |
| 48251W104 | KKR | KKR & Co Inc Cl A | $1.1M | 0.30% | 8,360 | Common | SOLE |
| 681116109 | OLLI | Ollie's Bargain Outlet Holding | $1.1M | 0.30% | 8,396 | Common | SOLE |
| 05577W200 | DOO | BRP INC/CA- Sub-Voting | $1.1M | 0.29% | 22,420 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca PLC | $1.0M | 0.28% | 14,964 | Common | SOLE |
| N53745100 | LYB | LyondellBasell Industries NV | $1.0M | 0.28% | 18,028 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc | $1.0M | 0.28% | 2,674 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $1.0M | 0.28% | 4,535 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $1.0M | 0.28% | 5,818 | Common | SOLE |
| 902494103 | TSN | Tyson Foods Inc | $988,907 | 0.27% | 17,678 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $983,841 | 0.27% | 19,100 | PUT | SOLE |
| N53745100 | LYB | LyondellBasell Industries NV | $983,620 | 0.27% | 17,000 | PUT | SOLE |
| G0896C103 | TBBB | BBB Foods Inc | $952,168 | 0.26% | 34,300 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $935,700 | 0.25% | 6,000 | PUT | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $933,000 | 0.25% | 10,000 | PUT | SOLE |
| 052769106 | ADSK | Autodesk Inc | $928,710 | 0.25% | 3,000 | PUT | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $928,100 | 0.25% | 5,000 | PUT | SOLE |
| 457030104 | IMKTA | Ingles Markets Inc. - Class A | $920,024 | 0.25% | 14,516 | Common | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers Inc | $918,804 | 0.25% | 7,148 | Common | SOLE |
| 626755102 | MUSA | Murphy USA Inc. | $907,978 | 0.25% | 2,232 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc | $899,877 | 0.24% | 3,300 | PUT | SOLE |
| G1151C101 | ACN | Accenture PLC | $896,670 | 0.24% | 3,000 | PUT | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $881,150 | 0.24% | 5,000 | PUT | SOLE |
| 023139884 | OSG | AMBAC Financial Group, Inc. | $871,667 | 0.24% | 122,770 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc | $854,618 | 0.23% | 2,209 | Common | SOLE |
| G0457F107 | ARCO | Arcos Dorados Holdings Inc. -A | $804,780 | 0.22% | 102,000 | Common | SOLE |
| 70450Y103 | PYPL | PayPal Holdings Inc | $784,225 | 0.21% | 10,552 | Common | SOLE |
| 683344105 | ONTO | Onto Innovation Inc | $736,385 | 0.20% | 7,296 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $719,454 | 0.20% | 3,800 | PUT | SOLE |
| 855244109 | SBUX | Starbucks Corp | $714,714 | 0.19% | 7,800 | PUT | SOLE |
| 98138H101 | WDAY | Workday Inc | $706,320 | 0.19% | 2,943 | Common | SOLE |
| 40637H109 | HALO | Halozyme Therapeutics Inc. | $675,688 | 0.18% | 12,989 | Common | SOLE |
| 574599106 | MAS | Masco Corp | $650,844 | 0.18% | 10,113 | Common | SOLE |
| G5960L103 | MDT | Medtronic PLC | $642,094 | 0.17% | 7,366 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $608,960 | 0.17% | 4,000 | PUT | SOLE |
| 595017104 | MCHP | Microchip Technology Inc | $608,067 | 0.16% | 8,641 | Common | SOLE |
| 56600D107 | MRVI | Maravai LifeSciences Holdings | $585,538 | 0.16% | 242,962 | Common | SOLE |
| 62482R107 | 07WA | Mr Cooper Group Inc | $584,456 | 0.16% | 3,917 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc | $580,320 | 0.16% | 1,500 | CALL | SOLE |
| 285512109 | EA | Electronic Arts Inc | $576,038 | 0.16% | 3,607 | Common | SOLE |
| 243537107 | DECK | Deckers Outdoor Corp. | $547,508 | 0.15% | 5,312 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $530,460 | 0.14% | 3,000 | PUT | SOLE |
| 372460105 | GPC | Genuine Parts Co | $529,033 | 0.14% | 4,361 | Common | SOLE |
| 693506107 | PPG | PPG Industries Inc | $518,131 | 0.14% | 4,555 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $509,922 | 0.14% | 13,300 | PUT | SOLE |
| G54950103 | LIN | Linde PLC Shs | $471,057 | 0.13% | 1,004 | Common | SOLE |
| 91879Q109 | MTN | Vail Resorts Inc | $446,878 | 0.12% | 2,844 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $445,592 | 0.12% | 1,537 | Common | SOLE |
| H2906T109 | GRMN | Garmin Ltd | $432,050 | 0.12% | 2,070 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc | $420,227 | 0.11% | 2,614 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $406,009 | 0.11% | 11,376 | Common | SOLE |
| 243537107 | DECK | Deckers Outdoor Corp. | $401,973 | 0.11% | 3,900 | PUT | SOLE |
| 445658107 | JBHT | JB Hunt Transport Services Inc | $369,770 | 0.10% | 2,575 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $334,683 | 0.09% | 1,612 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc Cl B | $333,203 | 0.09% | 3,301 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $332,007 | 0.09% | 4,923 | Common | SOLE |
| 101121101 | BXP | Boston Properties Inc | $318,998 | 0.09% | 4,728 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc | $311,970 | 0.08% | 1,000 | CALL | SOLE |
| 036752103 | ELV | Elevance Health Inc | $311,168 | 0.08% | 800 | PUT | SOLE |
| 026874784 | AIG | American Intl Group Inc | $307,610 | 0.08% | 3,594 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices Inc | $292,456 | 0.08% | 2,061 | Common | SOLE |
| 053611109 | AVY | Avery Dennison Corp | $289,701 | 0.08% | 1,651 | Common | SOLE |
| 95082P105 | WCC | Wesco Intl Inc | $212,239 | 0.06% | 1,146 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $168,000 | 0.05% | 700 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $102,563 | 0.03% | 166 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc | $1,248 | 0.00% | 4 | 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.