Q4 2025 · 13F-HR
VELA Investment Management, LLCholdings as filed
Filed 2026-02-02 · accession 0001895612-26-000002
$425.0M
Reported value
168
Positions
2025-12-31
Period end
The Brief · VELA Investment Management, LLC · Q4 2025
AI · grounded in 13F
VELA Investment Management, LLC closed its position in NVDA, reducing exposure by $4.3M. The fund established new positions in the ARK Innovation ETF ARKK for $5.38M and Carlisle Cos Inc CSL for $5.02M. Other notable activity includes closing positions in Indivior PLC INDV for $3.43M and Tetra Tech Inc TTEK for $2.69M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 497266106 | KEX | Kirby Corp | $17.0M | 3.99% | 154,048 | Common | SOLE |
| 443320106 | HUBG | Hub Group Inc | $13.7M | 3.22% | 321,415 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $11.8M | 2.77% | 23,410 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $11.7M | 2.76% | 37,476 | Common | SOLE |
| 226718104 | CRTO | Criteo SA | $11.4M | 2.67% | 551,407 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd | $10.2M | 2.39% | 97,974 | Common | SOLE |
| 533900106 | LECO | Lincoln Electric Holdings Inc | $9.1M | 2.13% | 37,840 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $9.0M | 2.13% | 39,184 | Common | SOLE |
| 126408103 | CSX | CSX Corp | $7.0M | 1.64% | 191,927 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $6.9M | 1.61% | 33,116 | Common | SOLE |
| 78462F103 | SPY | State Street Spdr S&P 500 Etf | $6.8M | 1.60% | 10,000 | PUT | SOLE |
| 127203107 | WHD | Cactus Inc. A | $6.7M | 1.57% | 146,042 | Common | SOLE |
| 871829107 | SYY | Sysco Corp | $6.3M | 1.49% | 86,042 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $5.9M | 1.39% | 61,807 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co/The | $5.9M | 1.39% | 52,087 | Common | SOLE |
| 384637104 | GHC | Graham Holdings Co | $5.4M | 1.27% | 4,919 | Common | SOLE |
| 00214Q104 | ARKK | ARK Innovation ETF | $5.4M | 1.27% | 70,000 | PUT | SOLE |
| 03820C105 | AIT | Applied Industrial Technologie | $5.3M | 1.25% | 20,734 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $5.2M | 1.21% | 48,136 | Common | SOLE |
| 142339100 | CSL | Carlisle Cos Inc | $5.0M | 1.18% | 15,706 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc | $4.9M | 1.16% | 8,508 | Common | SOLE |
| 116794108 | BRKR | Bruker Corp | $4.8M | 1.14% | 102,700 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $4.7M | 1.11% | 32,979 | Common | SOLE |
| 73278L105 | POOL | Pool Corp | $4.7M | 1.11% | 20,578 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $4.5M | 1.06% | 37,393 | Common | SOLE |
| 011532108 | AGI | Alamos Gold Inc | $4.5M | 1.05% | 116,144 | Common | SOLE |
| 03674X106 | AR | Antero Resources Corp | $4.4M | 1.05% | 129,130 | Common | SOLE |
| 393657101 | GBX | Greenbrier Cos Inc/The | $4.3M | 1.02% | 92,695 | Common | SOLE |
| 880770102 | TER | Teradyne Inc | $4.3M | 1.00% | 22,060 | Common | SOLE |
| 191098102 | COKE | Coca-Cola Consolidated Inc | $4.3M | 1.00% | 27,818 | Common | SOLE |
| 981811102 | WOR | Worthington Inc | $4.0M | 0.95% | 78,306 | Common | SOLE |
| 626755102 | MUSA | Murphy USA Inc. | $3.9M | 0.93% | 9,765 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC | $3.9M | 0.92% | 14,503 | Common | SOLE |
| 92047W101 | VVV | Valvoline Inc | $3.9M | 0.91% | 133,756 | Common | SOLE |
| 624580106 | MOV | Movado Group PLC | $3.8M | 0.90% | 185,006 | Common | SOLE |
| 78463V107 | GLD | SPDR Gold Shares | $3.6M | 0.84% | 9,000 | PUT | SOLE |
| 594918104 | MSFT | Microsoft Corp | $3.5M | 0.83% | 7,268 | Common | SOLE |
| 047726302 | BATRK | Atlanta Braves Holdings Inc | $3.5M | 0.82% | 88,467 | Common | SOLE |
| 666807102 | NOC | Northrop Grumman Corp | $3.5M | 0.82% | 6,087 | Common | SOLE |
| 866683105 | SNCY | Sun Country Airlines Holding | $3.4M | 0.81% | 239,179 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $3.4M | 0.80% | 27,229 | Common | SOLE |
| 31620M106 | FIS | Fidelity National Information | $3.4M | 0.80% | 51,092 | Common | SOLE |
| 82452J109 | FOUR | Shift 4 Payments Inc. Cl A | $3.3M | 0.78% | 52,752 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $3.3M | 0.77% | 15,939 | Common | SOLE |
| G0585R106 | AGO | Assured Guaranty Ltd | $3.2M | 0.74% | 35,109 | Common | SOLE |
| 375916103 | GIL | Gildan Activewear Inc | $3.1M | 0.73% | 49,688 | Common | SOLE |
| 56146T103 | MAMA | Mama's Creations Inc | $3.1M | 0.72% | 226,551 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $3.0M | 0.72% | 19,495 | Common | SOLE |
| 71377A103 | PFGC | Performance Food Group Co | $2.8M | 0.66% | 31,194 | Common | SOLE |
| 45780R101 | IBP | Installed Bldg Prods Inc | $2.8M | 0.66% | 10,759 | Common | SOLE |
| 825704109 | SIBN | SI-BONE Inc | $2.8M | 0.65% | 140,412 | Common | SOLE |
| 811543107 | SEB | Seaboard Corp | $2.7M | 0.64% | 610 | Common | SOLE |
| 693506107 | PPG | PPG Industries Inc | $2.7M | 0.63% | 25,989 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc | $2.6M | 0.62% | 8,000 | CALL | SOLE |
| 426281101 | JKHY | Henry Jack & Assoc Inc | $2.6M | 0.60% | 13,988 | Common | SOLE |
| 829073105 | SSD | Simpson Manufacturing Co Inc. | $2.5M | 0.59% | 15,505 | Common | SOLE |
| 868459108 | SUPN | Supernus Pharmaceuticals Inc. | $2.5M | 0.58% | 49,910 | Common | SOLE |
| 47103N106 | JBI | Janus International Group IN | $2.5M | 0.58% | 375,487 | Common | SOLE |
| 64110Y108 | NLOP | Net Lease Office Properties | $2.4M | 0.57% | 94,327 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc | $2.4M | 0.57% | 54,368 | Common | SOLE |
| 75281A109 | RRC | Range Resources Corp | $2.3M | 0.55% | 66,496 | Common | SOLE |
| 379577208 | GMED | Globus Med Inc Cl A | $2.3M | 0.55% | 26,597 | Common | SOLE |
| 74317M104 | PAL | Proficient Auto Logistics Inc | $2.3M | 0.54% | 239,980 | Common | SOLE |
| 023135106 | AMZN | Amazon.com Inc | $2.3M | 0.54% | 10,000 | PUT | SOLE |
| 891092108 | TTC | Toro Co | $2.2M | 0.52% | 28,250 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $2.2M | 0.52% | 7,000 | PUT | SOLE |
| 172967424 | C | Citigroup Inc | $2.2M | 0.51% | 18,500 | PUT | SOLE |
| 05561Q201 | BOKF | BOK Financial Corp | $2.1M | 0.50% | 17,849 | Common | SOLE |
| 636180101 | NFG | National Fuel Gas Co NJ | $2.1M | 0.49% | 25,806 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $2.0M | 0.47% | 3,000 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $1.9M | 0.46% | 4,000 | PUT | SOLE |
| 172967424 | C | Citigroup Inc | $1.9M | 0.45% | 16,504 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.9M | 0.44% | 35,346 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $1.9M | 0.44% | 14,873 | Common | SOLE |
| 59156R108 | MET | MetLife Inc | $1.9M | 0.44% | 23,444 | Common | SOLE |
| 79466L302 | CRM | Salesforce Inc | $1.8M | 0.43% | 6,843 | Common | SOLE |
| 78463M107 | SPSC | SPS Commerce Inc | $1.8M | 0.42% | 20,171 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corp | $1.8M | 0.42% | 16,776 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $1.7M | 0.41% | 6,000 | PUT | SOLE |
| 457030104 | IMKTA | Ingles Markets Inc. - Class A | $1.7M | 0.40% | 24,833 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $1.7M | 0.40% | 7,445 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc | $1.7M | 0.40% | 33,369 | Common | SOLE |
| 05577W200 | DOO | BRP INC/CA- Sub-Voting | $1.7M | 0.39% | 23,335 | Common | SOLE |
| G6564A105 | NOMD | Nomad Foods LTD | $1.5M | 0.36% | 122,400 | Common | SOLE |
| 651587107 | NEU | NewMarket Corp | $1.5M | 0.36% | 2,211 | Common | SOLE |
| 92826C839 | V | Visa Inc | $1.5M | 0.35% | 4,239 | Common | SOLE |
| F92124100 | TTE | TotalEnergies SE | $1.5M | 0.35% | 22,600 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $1.5M | 0.34% | 32,122 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $1.5M | 0.34% | 2,200 | PUT | SOLE |
| G0896C103 | TBBB | BBB Foods Inc | $1.4M | 0.34% | 43,100 | Common | SOLE |
| 872540109 | TJX | TJX Cos Inc/The | $1.4M | 0.34% | 9,358 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $1.4M | 0.34% | 22,495 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $1.4M | 0.34% | 14,273 | Common | SOLE |
| 219948106 | CPAY | Corpay Inc | $1.4M | 0.33% | 4,632 | Common | SOLE |
| 023139884 | OSG | Octave Specialty Group Inc | $1.4M | 0.33% | 178,752 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.4M | 0.32% | 25,065 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp | $1.4M | 0.32% | 25,000 | PUT | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.4M | 0.32% | 255 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp | $1.4M | 0.32% | 4,722 | Common | SOLE |
| 437076102 | HD | Home Depot Inc/The | $1.4M | 0.32% | 3,927 | Common | SOLE |
| 052769106 | ADSK | Autodesk Inc | $1.3M | 0.31% | 4,470 | Common | SOLE |
| 902494103 | TSN | Tyson Foods Inc | $1.3M | 0.31% | 22,339 | Common | SOLE |
| 046353108 | AZNN | AstraZeneca PLC | $1.3M | 0.30% | 13,987 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $1.3M | 0.30% | 8,000 | PUT | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Mfg Ltd S | $1.2M | 0.29% | 4,000 | CALL | SOLE |
| 74276L105 | PRCT | PROCEPT BioRobotics Corp | $1.2M | 0.28% | 38,238 | Common | SOLE |
| 016255101 | ALGN | Align Technology Inc | $1.2M | 0.28% | 7,500 | PUT | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $1.2M | 0.27% | 7,595 | Common | SOLE |
| 29786A106 | ETSY | Etsy Inc | $1.1M | 0.26% | 20,075 | Common | SOLE |
| G0457F107 | ARCO | Arcos Dorados Holdings Inc. -A | $1.1M | 0.26% | 151,000 | Common | SOLE |
| 458140100 | INTC | Intel Corp | $1.1M | 0.26% | 30,000 | PUT | SOLE |
| L44385109 | GLOB | Globant SA | $1.1M | 0.26% | 16,800 | Common | SOLE |
| 872540109 | TJX | TJX Cos Inc/The | $1.1M | 0.25% | 7,000 | PUT | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $1.1M | 0.25% | 200 | PUT | SOLE |
| 88579Y101 | MMM | 3M Co | $1.0M | 0.24% | 6,474 | Common | SOLE |
| 243537107 | DECK | Deckers Outdoor Corp. | $1.0M | 0.24% | 9,903 | Common | SOLE |
| 29414B104 | EPAM | EPAM Systems Inc | $1.0M | 0.24% | 5,000 | PUT | SOLE |
| 00724F101 | ADBE | Adobe Inc | $1.0M | 0.24% | 2,920 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.0M | 0.24% | 19,100 | PUT | SOLE |
| 48251W104 | KKR | KKR & Co Inc Cl A | $1.0M | 0.24% | 7,880 | Common | SOLE |
| 65473P105 | NI | NiSource Inc | $992,092 | 0.23% | 23,757 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $988,364 | 0.23% | 12,096 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $984,324 | 0.23% | 5,695 | Common | SOLE |
| 654106103 | NKE | NIKE Inc | $955,650 | 0.22% | 15,000 | PUT | SOLE |
| 855244109 | SBUX | Starbucks Corp | $921,932 | 0.22% | 10,948 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $919,140 | 0.22% | 6,000 | PUT | SOLE |
| 244199105 | DE | Deere & Co | $912,052 | 0.21% | 1,959 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Co | $910,800 | 0.21% | 20,000 | PUT | SOLE |
| 244199105 | DE | Deere & Co | $884,583 | 0.21% | 1,900 | PUT | SOLE |
| 026874784 | AIG | American Intl Group Inc | $855,500 | 0.20% | 10,000 | CALL | SOLE |
| 77311W101 | RKT | Rocket Cos Inc Cl A | $834,164 | 0.20% | 43,087 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $823,681 | 0.19% | 3,835 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $817,100 | 0.19% | 10,000 | PUT | SOLE |
| G1151C101 | ACN | Accenture PLC | $804,900 | 0.19% | 3,000 | PUT | SOLE |
| 79466L302 | CRM | Salesforce Inc | $794,730 | 0.19% | 3,000 | PUT | SOLE |
| 59156R108 | MET | MetLife Inc | $789,400 | 0.19% | 10,000 | PUT | SOLE |
| 05464T104 | AXSM | Axsome Therapeutics Inc. | $730,560 | 0.17% | 4,000 | CALL | SOLE |
| 855244109 | SBUX | Starbucks Corp | $656,838 | 0.15% | 7,800 | PUT | SOLE |
| 02079K107 | GOOG | Alphabet Inc | $645,173 | 0.15% | 2,056 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $644,340 | 0.15% | 3,000 | PUT | SOLE |
| 372460105 | GPC | Genuine Parts Co | $590,208 | 0.14% | 4,800 | Common | SOLE |
| 91879Q109 | MTN | Vail Resorts Inc | $586,578 | 0.14% | 4,417 | Common | SOLE |
| 313148306 | AGM | Federal Agric Mtg Corp Cl C | $577,976 | 0.14% | 3,292 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc | $566,190 | 0.13% | 4,500 | PUT | SOLE |
| G5960L103 | MDT | Medtronic PLC | $561,567 | 0.13% | 5,846 | Common | SOLE |
| 243537107 | DECK | Deckers Outdoor Corp. | $518,350 | 0.12% | 5,000 | PUT | SOLE |
| 15135B101 | CNC | Centene Corp | $514,375 | 0.12% | 12,500 | CALL | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $479,600 | 0.11% | 5,000 | PUT | SOLE |
| 053611109 | AVY | Avery Dennison Corp | $472,160 | 0.11% | 2,596 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices Inc | $449,522 | 0.11% | 2,099 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd | $415,560 | 0.10% | 4,000 | PUT | SOLE |
| 32055Y201 | FIBK | First Interstate Bancsys-A | $397,935 | 0.09% | 11,501 | Common | SOLE |
| 462222100 | IONS | Ionis Pharmaceuticals Inc | $395,550 | 0.09% | 5,000 | CALL | SOLE |
| 907818108 | UNP | Union Pacific Corp | $387,461 | 0.09% | 1,675 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corp | $370,427 | 0.09% | 12,393 | Common | SOLE |
| 828806109 | SPG | Simon Property Group Inc | $367,999 | 0.09% | 1,988 | Common | SOLE |
| G54950103 | LIN | Linde PLC Shs | $366,269 | 0.09% | 859 | Common | SOLE |
| 101121101 | BXP | Boston Properties Inc | $319,045 | 0.08% | 4,728 | Common | SOLE |
| 026874784 | AIG | American Intl Group Inc | $307,467 | 0.07% | 3,594 | Common | SOLE |
| H2906T109 | GRMN | Garmin Ltd | $306,303 | 0.07% | 1,510 | Common | SOLE |
| 95082P105 | WCC | Wesco Intl Inc | $280,357 | 0.07% | 1,146 | Common | SOLE |
| 668074305 | NWE | Northwestern Energy Group Inc | $273,198 | 0.06% | 4,233 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Market In | $267,210 | 0.06% | 797 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $265,005 | 0.06% | 4,923 | Common | SOLE |
| 82452J307 | FOUR 6 05/01/28 | Shift4 Payments Inc. | $240,030 | 0.06% | 3,000 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $234,732 | 0.06% | 1,353 | Common | SOLE |
| 78462F103 | SPY | State Street Spdr S&P 500 Etf | $222,988 | 0.05% | 327 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc | $1,320 | 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.