13F HOLDINGS REPORT
VELA Investment Management, LLC
Quarter ended Q1 2025 · Filed April 29, 2025 · Accession 0001895612-25-000006
Total Value
$318.9M
Positions
154
Other Managers
0
Confidential Omitted
No
Holdings (154)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Kirby Corp | KEX | 130,254 | $13.2M | 4.13% |
| 2 | Berkshire Hathaway Inc Cl B | BRK-A | 19,487 | $10.4M | 3.25% |
| 3 | Hub Group Inc | HUBG | 249,737 | $9.3M | 2.91% |
| 4 | Graham Holdings Co | GHM | 8,343 | $8.0M | 2.51% |
| 5 | Alphabet Inc | GOOG | 49,746 | $7.7M | 2.41% |
| 6 | SPDR S&P 500 ETF Trust | SPY | 12,500 | $7.0M | 2.19% |
| 7 | Criteo SA | CRTO | 188,744 | $6.7M | 2.10% |
| 8 | Johnson & Johnson | JNJ | 39,396 | $6.5M | 2.05% |
| 9 | Sysco Corp | SYY | 84,641 | $6.4M | 1.99% |
| 10 | Lincoln Electric Holdings Inc | 533900106 | 33,359 | $6.3M | 1.98% |
| 11 | Amazon.com Inc | AMZN | 32,647 | $6.2M | 1.95% |
| 12 | Coca-Cola Consolidated Inc | COKE | 3,950 | $5.3M | 1.67% |
| 13 | Arch Capital Group Ltd | G0450A105 | 54,094 | $5.2M | 1.63% |
| 14 | Applied Industrial Technologie | 03820C105 | 21,790 | $4.9M | 1.54% |
| 15 | Walt Disney Co/The | 254687106 | 46,918 | $4.6M | 1.45% |
| 16 | CSX Corp | CSX | 154,512 | $4.5M | 1.43% |
| 17 | PepsiCo Inc | PEP | 29,980 | $4.5M | 1.41% |
| 18 | Alamos Gold Inc | AGI | 167,907 | $4.5M | 1.41% |
| 19 | Abbott Laboratories | ABLZF | 32,769 | $4.3M | 1.36% |
| 20 | Axis Capital Holdings Ltd | G0692U109 | 41,822 | $4.2M | 1.31% |
| 21 | Northrop Grumman Corp | NOC | 7,915 | $4.1M | 1.27% |
| 22 | Valvoline Inc | VVV | 115,392 | $4.0M | 1.26% |
| 23 | Performance Food Group Co | PFGC | 46,601 | $3.7M | 1.15% |
| 24 | Civitas Resources Inc | 17888H103 | 98,633 | $3.4M | 1.08% |
| 25 | Greenbrier Cos Inc/The | 393657101 | 66,852 | $3.4M | 1.07% |
| 26 | Fidelity National Information | 31620M106 | 44,675 | $3.3M | 1.05% |
| 27 | Copa Holdings SA | CPA | 35,042 | $3.2M | 1.02% |
| 28 | Starbucks Corp | SBUX | 32,788 | $3.2M | 1.01% |
| 29 | AT&T Inc | T-PC | 110,606 | $3.1M | 0.98% |
| 30 | Mama's Creations Inc | 56146T103 | 476,353 | $3.1M | 0.97% |
| 31 | Wix.com Ltd | WIX | 18,872 | $3.1M | 0.97% |
| 32 | Atlanta Braves Holdings Inc | BATRB | 76,222 | $3.0M | 0.96% |
| 33 | Assured Guaranty Ltd | AGO | 34,428 | $3.0M | 0.95% |
| 34 | Altria Group Inc | MO | 50,193 | $3.0M | 0.94% |
| 35 | Microsoft Corp | MSFT | 7,961 | $3.0M | 0.94% |
| 36 | Cactus Inc. A | WHD | 64,282 | $2.9M | 0.92% |
| 37 | Encompass Health Corp | EHC | 28,678 | $2.9M | 0.91% |
| 38 | Bruker Corp | BRKRP | 68,663 | $2.9M | 0.90% |
| 39 | Range Resources Corp | RRC | 70,609 | $2.8M | 0.88% |
| 40 | Seaboard Corp | SE | 965 | $2.6M | 0.82% |
| 41 | AbbVie Inc | ABBV | 12,045 | $2.5M | 0.79% |
| 42 | Suncor Energy Inc | SU | 64,698 | $2.5M | 0.79% |
| 43 | Federal Agric Mtg Corp Cl C | 313148306 | 12,982 | $2.4M | 0.76% |
| 44 | Movado Group PLC | MOVAA | 143,397 | $2.4M | 0.75% |
| 45 | Antero Resources Corp | AR | 56,080 | $2.3M | 0.71% |
| 46 | BOK Financial Corp | 05561Q201 | 21,707 | $2.3M | 0.71% |
| 47 | 3M Co | MMM | 15,000 | $2.2M | 0.69% |
| 48 | Autodesk Inc | ADSK | 8,183 | $2.1M | 0.67% |
| 49 | Tetra Tech Inc | TTEK | 72,731 | $2.1M | 0.67% |
| 50 | Zoetis Inc | ZTS | 12,777 | $2.1M | 0.66% |
| 51 | Ashland Inc | ASH | 34,333 | $2.0M | 0.64% |
| 52 | Meta Platforms Inc | META | 3,530 | $2.0M | 0.64% |
| 53 | 1st Source Corp | SRCE | 32,331 | $1.9M | 0.61% |
| 54 | MPLX LP | MPLXP | 36,120 | $1.9M | 0.61% |
| 55 | JFrog Ltd | FROG | 59,542 | $1.9M | 0.60% |
| 56 | Amazon.com Inc | AMZN | 10,000 | $1.9M | 0.60% |
| 57 | Microsoft Corp | MSFT | 5,000 | $1.9M | 0.59% |
| 58 | Citigroup Inc | C-PR | 25,597 | $1.8M | 0.57% |
| 59 | Charles Schwab Corp/The | SCHW-PJ | 23,120 | $1.8M | 0.57% |
| 60 | Align Technology Inc | ALGN | 11,000 | $1.7M | 0.55% |
| 61 | SI-BONE Inc | SIBN | 122,671 | $1.7M | 0.54% |
| 62 | Teradyne Inc | TER | 20,803 | $1.7M | 0.54% |
| 63 | NIKE Inc | NKE | 27,059 | $1.7M | 0.54% |
| 64 | Visa Inc | V | 4,855 | $1.7M | 0.53% |
| 65 | Janus International Group IN | JBI | 234,288 | $1.7M | 0.53% |
| 66 | BWX Technologies Inc | BWXT | 16,423 | $1.6M | 0.51% |
| 67 | Ollie's Bargain Outlet Holding | 681116109 | 13,642 | $1.6M | 0.50% |
| 68 | Sun Country Airlines Holding | 866683105 | 128,746 | $1.6M | 0.50% |
| 69 | 3M Co | MMM | 10,687 | $1.6M | 0.49% |
| 70 | MetLife Inc | MET-PF | 19,545 | $1.6M | 0.49% |
| 71 | Worthington Inc | WOR | 31,150 | $1.6M | 0.49% |
| 72 | Tesla Inc | TSLA | 6,000 | $1.6M | 0.49% |
| 73 | National Fuel Gas Co NJ | NFG | 19,459 | $1.5M | 0.48% |
| 74 | Baker Hughes Co | BKR | 34,267 | $1.5M | 0.47% |
| 75 | SEMrush Holdings Inc | SEMR | 156,772 | $1.5M | 0.46% |
| 76 | Meta Platforms Inc | META | 2,500 | $1.4M | 0.45% |
| 77 | Wabash National Corp | 929566107 | 128,540 | $1.4M | 0.45% |
| 78 | Booking Holdings Inc | BKNG | 308 | $1.4M | 0.44% |
| 79 | Bank of America Corp | 060505104 | 32,942 | $1.4M | 0.43% |
| 80 | Accenture PLC | ACN | 4,150 | $1.3M | 0.41% |
| 81 | Home Depot Inc/The | HD | 3,516 | $1.3M | 0.40% |
| 82 | Salesforce Inc | CRM | 4,692 | $1.3M | 0.39% |
| 83 | TJX Cos Inc/The | 872540109 | 10,283 | $1.3M | 0.39% |
| 84 | Microchip Technology Inc | MCHPP | 25,347 | $1.2M | 0.38% |
| 85 | Deere & Co | DE | 2,602 | $1.2M | 0.38% |
| 86 | ServiceNow Inc | NOW | 1,519 | $1.2M | 0.38% |
| 87 | JB Hunt Transport Services Inc | 445658107 | 8,148 | $1.2M | 0.38% |
| 88 | Thermo Fisher Scientific Inc | TMO | 2,359 | $1.2M | 0.37% |
| 89 | Elevance Health Inc | ELV | 2,674 | $1.2M | 0.36% |
| 90 | Bank of America Corp | 060505104 | 27,500 | $1.1M | 0.36% |
| 91 | Onto Innovation Inc | ONTO | 9,408 | $1.1M | 0.36% |
| 92 | Nomad Foods LTD | NOMD | 57,900 | $1.1M | 0.36% |
| 93 | Tyson Foods Inc | TSN | 17,678 | $1.1M | 0.35% |
| 94 | Casey's General Stores Inc | 147528103 | 2,572 | $1.1M | 0.35% |
| 95 | Citigroup Inc | C-PR | 15,000 | $1.1M | 0.33% |
| 96 | Cullen/Frost Bankers Inc | CFR-PB | 8,373 | $1.0M | 0.33% |
| 97 | Garrett Motion Inc. | GTX | 120,192 | $1.0M | 0.32% |
| 98 | FedEx Corp | FDX | 4,117 | $1.0M | 0.31% |
| 99 | Indivior PLC | INDV | 102,459 | $976,434 | 0.31% |
| 100 | Uber Technologies Inc | UBER | 13,281 | $967,654 | 0.30% |
| 101 | Medtronic PLC | MDT | 10,695 | $961,053 | 0.30% |
| 102 | Adobe Inc | ADBE | 2,500 | $958,825 | 0.30% |
| 103 | AstraZeneca PLC | AZN | 12,848 | $944,328 | 0.30% |
| 104 | Uber Technologies Inc | UBER | 12,800 | $932,608 | 0.29% |
| 105 | EPAM Systems Inc | EPAM | 5,472 | $923,892 | 0.29% |
| 106 | Booking Holdings Inc | BKNG | 200 | $921,382 | 0.29% |
| 107 | Net Lease Office Properties | NLOP | 28,381 | $890,596 | 0.28% |
| 108 | LyondellBasell Industries NV | LYB | 11,607 | $817,133 | 0.26% |
| 109 | Halozyme Therapeutics Inc. | HALO | 12,729 | $812,237 | 0.25% |
| 110 | AMBAC Financial Group, Inc. | OSG | 92,412 | $808,605 | 0.25% |
| 111 | Adobe Inc | ADBE | 1,999 | $766,676 | 0.24% |
| 112 | Deere & Co | DE | 1,600 | $750,960 | 0.24% |
| 113 | JB Hunt Transport Services Inc | 445658107 | 5,000 | $739,750 | 0.23% |
| 114 | Indivior PLC | INDV | 77,200 | $722,931 | 0.23% |
| 115 | Baker Hughes Co | BKR | 16,300 | $716,385 | 0.22% |
| 116 | PayPal Holdings Inc | PYPL | 10,593 | $691,193 | 0.22% |
| 117 | Workday Inc | WDAY | 2,943 | $687,279 | 0.22% |
| 118 | EPAM Systems Inc | EPAM | 4,000 | $675,360 | 0.21% |
| 119 | BBB Foods Inc | TBBB | 25,000 | $667,000 | 0.21% |
| 120 | Biohaven Ltd | BHVN | 26,836 | $645,137 | 0.20% |
| 121 | Flowers Foods Inc | FLO | 33,106 | $629,345 | 0.20% |
| 122 | Microchip Technology Inc | MCHPP | 12,000 | $580,920 | 0.18% |
| 123 | Installed Bldg Prods Inc | 45780R101 | 3,281 | $562,560 | 0.18% |
| 124 | ServiceNow Inc | NOW | 700 | $557,298 | 0.17% |
| 125 | Alphabet Inc | GOOG | 3,500 | $541,240 | 0.17% |
| 126 | Masco Corp | MAS | 7,637 | $531,077 | 0.17% |
| 127 | Dow Inc | DOW | 15,000 | $523,800 | 0.16% |
| 128 | Electronic Arts Inc | EA | 3,607 | $521,284 | 0.16% |
| 129 | LyondellBasell Industries NV | LYB | 7,000 | $492,800 | 0.15% |
| 130 | Comcast Corp | CCZ | 13,036 | $481,028 | 0.15% |
| 131 | Kraft Heinz Co/The | KHC | 15,429 | $469,504 | 0.15% |
| 132 | Mr Cooper Group Inc | 62482R107 | 3,917 | $468,473 | 0.15% |
| 133 | Linde PLC Shs | LIN | 1,004 | $467,503 | 0.15% |
| 134 | Norfolk Southern Corp | 655844108 | 1,972 | $467,068 | 0.15% |
| 135 | Genuine Parts Co | GPC | 3,863 | $460,238 | 0.14% |
| 136 | Mondelez International Inc | 609207105 | 6,181 | $419,381 | 0.13% |
| 137 | Workday Inc | WDAY | 1,700 | $397,001 | 0.12% |
| 138 | Dow Inc | DOW | 11,160 | $389,707 | 0.12% |
| 139 | Vail Resorts Inc | MTN | 2,425 | $388,048 | 0.12% |
| 140 | Denali Therapeutics Inc | DNLI | 27,771 | $377,547 | 0.12% |
| 141 | JPMorgan Chase & Co | VYLD | 1,537 | $377,026 | 0.12% |
| 142 | Maravai LifeSciences Holdings | MARA | 156,334 | $345,498 | 0.11% |
| 143 | Autodesk Inc | ADSK | 1,200 | $314,160 | 0.10% |
| 144 | United Parcel Service Inc Cl B | UPS | 2,841 | $312,482 | 0.10% |
| 145 | American Intl Group Inc | 026874784 | 3,594 | $312,462 | 0.10% |
| 146 | Avery Dennison Corp | AVY | 1,651 | $293,828 | 0.09% |
| 147 | Simon Property Group Inc | 828806109 | 1,683 | $279,513 | 0.09% |
| 148 | Garmin Ltd | GRMN | 1,214 | $263,596 | 0.08% |
| 149 | DENTSPLY Sirona Inc | XRAY | 16,633 | $248,497 | 0.08% |
| 150 | Texas Instruments Inc | 882508104 | 1,315 | $236,305 | 0.07% |
| 151 | KKR & Co Inc Cl A | KKRT | 2,009 | $232,260 | 0.07% |
| 152 | Rocket Pharmaceuticals Inc | RCKTW | 30,959 | $206,497 | 0.06% |
| 153 | Align Technology Inc | ALGN | 1,000 | $158,860 | 0.05% |
| 154 | SPDR S&P 500 ETF Trust | SPY | 150 | $83,908 | 0.03% |