13F HOLDINGS REPORT
VELA Investment Management, LLC
Quarter ended Q2 2025 · Filed July 29, 2025 · Accession 0001895612-25-000008
Total Value
$368.9M
Positions
161
Other Managers
0
Confidential Omitted
No
Holdings (161)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Kirby Corp | KEX | 143,860 | $16.3M | 4.42% |
| 2 | Berkshire Hathaway Inc Cl B | BRK-A | 29,030 | $14.1M | 3.82% |
| 3 | Hub Group Inc | HUBG | 309,220 | $10.3M | 2.80% |
| 4 | Alphabet Inc | GOOG | 49,686 | $8.8M | 2.37% |
| 5 | Criteo SA | CRTO | 351,940 | $8.4M | 2.29% |
| 6 | Amazon.com Inc | AMZN | 37,753 | $8.3M | 2.25% |
| 7 | Lincoln Electric Holdings Inc | 533900106 | 39,863 | $8.3M | 2.24% |
| 8 | Valvoline Inc | VVV | 208,970 | $7.9M | 2.15% |
| 9 | Sysco Corp | SYY | 87,238 | $6.6M | 1.79% |
| 10 | Graham Holdings Co | GHM | 6,977 | $6.6M | 1.79% |
| 11 | Walt Disney Co/The | 254687106 | 50,271 | $6.2M | 1.69% |
| 12 | Johnson & Johnson | JNJ | 38,273 | $5.8M | 1.58% |
| 13 | Applied Industrial Technologie | 03820C105 | 24,584 | $5.7M | 1.55% |
| 14 | CSX Corp | CSX | 174,103 | $5.7M | 1.54% |
| 15 | Arch Capital Group Ltd | G0450A105 | 56,820 | $5.2M | 1.40% |
| 16 | Bruker Corp | BRKRP | 123,591 | $5.1M | 1.38% |
| 17 | Cactus Inc. A | WHD | 115,440 | $5.0M | 1.37% |
| 18 | Performance Food Group Co | PFGC | 55,305 | $4.8M | 1.31% |
| 19 | Wix.com Ltd | WIX | 30,432 | $4.8M | 1.31% |
| 20 | SPDR S&P 500 ETF Trust | SPY | 7,500 | $4.6M | 1.26% |
| 21 | Axis Capital Holdings Ltd | G0692U109 | 44,458 | $4.6M | 1.25% |
| 22 | Coca-Cola Consolidated Inc | COKE | 39,735 | $4.4M | 1.20% |
| 23 | Teradyne Inc | TER | 45,700 | $4.1M | 1.11% |
| 24 | Alamos Gold Inc | AGI | 152,430 | $4.0M | 1.10% |
| 25 | Copa Holdings SA | CPA | 35,741 | $3.9M | 1.07% |
| 26 | Abbott Laboratories | ABLZF | 28,425 | $3.9M | 1.05% |
| 27 | Microsoft Corp | MSFT | 7,632 | $3.8M | 1.03% |
| 28 | Greenbrier Cos Inc/The | 393657101 | 81,364 | $3.7M | 1.02% |
| 29 | Northrop Grumman Corp | NOC | 7,485 | $3.7M | 1.01% |
| 30 | Atlanta Braves Holdings Inc | BATRB | 79,232 | $3.7M | 1.00% |
| 31 | Fidelity National Information | 31620M106 | 44,479 | $3.6M | 0.98% |
| 32 | PepsiCo Inc | PEP | 26,765 | $3.5M | 0.96% |
| 33 | Align Technology Inc | ALGN | 18,540 | $3.5M | 0.95% |
| 34 | Tetra Tech Inc | TTEK | 96,363 | $3.5M | 0.94% |
| 35 | Range Resources Corp | RRC | 84,176 | $3.4M | 0.93% |
| 36 | AT&T Inc | T-PC | 110,609 | $3.2M | 0.87% |
| 37 | Pool Corp | POOL | 10,891 | $3.2M | 0.86% |
| 38 | Movado Group PLC | MOVAA | 199,760 | $3.0M | 0.83% |
| 39 | Assured Guaranty Ltd | AGO | 34,428 | $3.0M | 0.81% |
| 40 | Encompass Health Corp | EHC | 24,411 | $3.0M | 0.81% |
| 41 | Federal Agric Mtg Corp Cl C | 313148306 | 15,350 | $3.0M | 0.81% |
| 42 | Wabash National Corp | 929566107 | 277,206 | $2.9M | 0.80% |
| 43 | Altria Group Inc | MO | 50,193 | $2.9M | 0.80% |
| 44 | Antero Resources Corp | AR | 71,024 | $2.9M | 0.78% |
| 45 | Mama's Creations Inc | 56146T103 | 339,726 | $2.8M | 0.76% |
| 46 | NIKE Inc | NKE | 37,685 | $2.7M | 0.73% |
| 47 | Meta Platforms Inc | META | 3,519 | $2.6M | 0.70% |
| 48 | Microsoft Corp | MSFT | 5,000 | $2.5M | 0.67% |
| 49 | Sun Country Airlines Holding | 866683105 | 211,048 | $2.5M | 0.67% |
| 50 | Suncor Energy Inc | SU | 66,147 | $2.5M | 0.67% |
| 51 | BWX Technologies Inc | BWXT | 17,021 | $2.5M | 0.66% |
| 52 | SI-BONE Inc | SIBN | 126,174 | $2.4M | 0.64% |
| 53 | Janus International Group IN | JBI | 287,443 | $2.3M | 0.63% |
| 54 | Zoetis Inc | ZTS | 14,827 | $2.3M | 0.63% |
| 55 | Installed Bldg Prods Inc | 45780R101 | 12,750 | $2.3M | 0.62% |
| 56 | Thermo Fisher Scientific Inc | TMO | 5,622 | $2.3M | 0.62% |
| 57 | BOK Financial Corp | 05561Q201 | 22,561 | $2.2M | 0.60% |
| 58 | Charles Schwab Corp/The | SCHW-PJ | 23,196 | $2.1M | 0.57% |
| 59 | 1st Source Corp | SRCE | 33,487 | $2.1M | 0.56% |
| 60 | Seaboard Corp | SE | 724 | $2.1M | 0.56% |
| 61 | Worthington Inc | WOR | 31,363 | $2.0M | 0.54% |
| 62 | AbbVie Inc | ABBV | 10,558 | $2.0M | 0.53% |
| 63 | MPLX LP | MPLXP | 36,685 | $1.9M | 0.51% |
| 64 | Citigroup Inc | C-PR | 22,032 | $1.9M | 0.51% |
| 65 | Booking Holdings Inc | BKNG | 308 | $1.8M | 0.48% |
| 66 | MetLife Inc | MET-PF | 21,738 | $1.7M | 0.47% |
| 67 | ServiceNow Inc | NOW | 1,700 | $1.7M | 0.47% |
| 68 | Citigroup Inc | C-PR | 20,500 | $1.7M | 0.47% |
| 69 | National Fuel Gas Co NJ | NFG | 20,361 | $1.7M | 0.47% |
| 70 | Shift 4 Payments Inc. Cl A | 82452J109 | 16,905 | $1.7M | 0.45% |
| 71 | Meta Platforms Inc | META | 2,200 | $1.6M | 0.44% |
| 72 | ServiceNow Inc | NOW | 1,519 | $1.6M | 0.42% |
| 73 | Indivior PLC | INDV | 105,027 | $1.5M | 0.42% |
| 74 | ARK Innovation ETF | 00214Q104 | 22,000 | $1.5M | 0.42% |
| 75 | Johnson & Johnson | JNJ | 10,000 | $1.5M | 0.41% |
| 76 | Autodesk Inc | ADSK | 4,930 | $1.5M | 0.41% |
| 77 | Visa Inc | V | 4,225 | $1.5M | 0.41% |
| 78 | Accenture PLC | ACN | 4,991 | $1.5M | 0.40% |
| 79 | Ashland Inc | ASH | 29,586 | $1.5M | 0.40% |
| 80 | 3M Co | MMM | 9,761 | $1.5M | 0.40% |
| 81 | Starbucks Corp | SBUX | 16,098 | $1.5M | 0.40% |
| 82 | Net Lease Office Properties | NLOP | 45,215 | $1.5M | 0.40% |
| 83 | SEMrush Holdings Inc | SEMR | 162,020 | $1.5M | 0.40% |
| 84 | NewMarket Corp | NEU | 2,112 | $1.5M | 0.40% |
| 85 | Bank of America Corp | 060505104 | 30,185 | $1.4M | 0.39% |
| 86 | NIKE Inc | NKE | 20,000 | $1.4M | 0.39% |
| 87 | JFrog Ltd | FROG | 31,617 | $1.4M | 0.38% |
| 88 | Baker Hughes Co | BKR | 34,333 | $1.3M | 0.36% |
| 89 | Deere & Co | DE | 2,588 | $1.3M | 0.36% |
| 90 | Bank of America Corp | 060505104 | 27,500 | $1.3M | 0.35% |
| 91 | Home Depot Inc/The | HD | 3,516 | $1.3M | 0.35% |
| 92 | Salesforce Inc | CRM | 4,692 | $1.3M | 0.35% |
| 93 | Nomad Foods LTD | NOMD | 74,000 | $1.3M | 0.34% |
| 94 | TJX Cos Inc/The | 872540109 | 9,572 | $1.2M | 0.32% |
| 95 | Booking Holdings Inc | BKNG | 200 | $1.2M | 0.31% |
| 96 | Uber Technologies Inc | UBER | 12,252 | $1.1M | 0.31% |
| 97 | KKR & Co Inc Cl A | KKRT | 8,360 | $1.1M | 0.30% |
| 98 | Ollie's Bargain Outlet Holding | 681116109 | 8,396 | $1.1M | 0.30% |
| 99 | BRP INC/CA- Sub-Voting | DOO | 22,420 | $1.1M | 0.29% |
| 100 | AstraZeneca PLC | AZN | 14,964 | $1.0M | 0.28% |
| 101 | LyondellBasell Industries NV | LYB | 18,028 | $1.0M | 0.28% |
| 102 | Elevance Health Inc | ELV | 2,674 | $1.0M | 0.28% |
| 103 | FedEx Corp | FDX | 4,535 | $1.0M | 0.28% |
| 104 | EPAM Systems Inc | EPAM | 5,818 | $1.0M | 0.28% |
| 105 | Tyson Foods Inc | TSN | 17,678 | $988,907 | 0.27% |
| 106 | MPLX LP | MPLXP | 19,100 | $983,841 | 0.27% |
| 107 | LyondellBasell Industries NV | LYB | 17,000 | $983,620 | 0.27% |
| 108 | BBB Foods Inc | TBBB | 34,300 | $952,168 | 0.26% |
| 109 | Zoetis Inc | ZTS | 6,000 | $935,700 | 0.25% |
| 110 | Uber Technologies Inc | UBER | 10,000 | $933,000 | 0.25% |
| 111 | Autodesk Inc | ADSK | 3,000 | $928,710 | 0.25% |
| 112 | AbbVie Inc | ABBV | 5,000 | $928,100 | 0.25% |
| 113 | Ingles Markets Inc. - Class A | 457030104 | 14,516 | $920,024 | 0.25% |
| 114 | Cullen/Frost Bankers Inc | CFR-PB | 7,148 | $918,804 | 0.25% |
| 115 | Murphy USA Inc. | MUSA | 2,232 | $907,978 | 0.25% |
| 116 | Salesforce Inc | CRM | 3,300 | $899,877 | 0.24% |
| 117 | Accenture PLC | ACN | 3,000 | $896,670 | 0.24% |
| 118 | Alphabet Inc | GOOG | 5,000 | $881,150 | 0.24% |
| 119 | AMBAC Financial Group, Inc. | OSG | 122,770 | $871,667 | 0.24% |
| 120 | Adobe Inc | ADBE | 2,209 | $854,618 | 0.23% |
| 121 | Arcos Dorados Holdings Inc. -A | ARCO | 102,000 | $804,780 | 0.22% |
| 122 | PayPal Holdings Inc | PYPL | 10,552 | $784,225 | 0.21% |
| 123 | Onto Innovation Inc | ONTO | 7,296 | $736,385 | 0.20% |
| 124 | Align Technology Inc | ALGN | 3,800 | $719,454 | 0.20% |
| 125 | Starbucks Corp | SBUX | 7,800 | $714,714 | 0.19% |
| 126 | Workday Inc | WDAY | 2,943 | $706,320 | 0.19% |
| 127 | Halozyme Therapeutics Inc. | HALO | 12,989 | $675,688 | 0.18% |
| 128 | Masco Corp | MAS | 10,113 | $650,844 | 0.18% |
| 129 | Medtronic PLC | MDT | 7,366 | $642,094 | 0.17% |
| 130 | 3M Co | MMM | 4,000 | $608,960 | 0.17% |
| 131 | Microchip Technology Inc | MCHPP | 8,641 | $608,067 | 0.16% |
| 132 | Maravai LifeSciences Holdings | MARA | 242,962 | $585,538 | 0.16% |
| 133 | Mr Cooper Group Inc | 62482R107 | 3,917 | $584,456 | 0.16% |
| 134 | Adobe Inc | ADBE | 1,500 | $580,320 | 0.16% |
| 135 | Electronic Arts Inc | EA | 3,607 | $576,038 | 0.16% |
| 136 | Deckers Outdoor Corp. | DECK | 5,312 | $547,508 | 0.15% |
| 137 | EPAM Systems Inc | EPAM | 3,000 | $530,460 | 0.14% |
| 138 | Genuine Parts Co | GPC | 4,361 | $529,033 | 0.14% |
| 139 | PPG Industries Inc | 693506107 | 4,555 | $518,131 | 0.14% |
| 140 | Baker Hughes Co | BKR | 13,300 | $509,922 | 0.14% |
| 141 | Linde PLC Shs | LIN | 1,004 | $471,057 | 0.13% |
| 142 | Vail Resorts Inc | MTN | 2,844 | $446,878 | 0.12% |
| 143 | JPMorgan Chase & Co | VYLD | 1,537 | $445,592 | 0.12% |
| 144 | Garmin Ltd | GRMN | 2,070 | $432,050 | 0.12% |
| 145 | Simon Property Group Inc | 828806109 | 2,614 | $420,227 | 0.11% |
| 146 | Comcast Corp | CCZ | 11,376 | $406,009 | 0.11% |
| 147 | Deckers Outdoor Corp. | DECK | 3,900 | $401,973 | 0.11% |
| 148 | JB Hunt Transport Services Inc | 445658107 | 2,575 | $369,770 | 0.10% |
| 149 | Texas Instruments Inc | 882508104 | 1,612 | $334,683 | 0.09% |
| 150 | United Parcel Service Inc Cl B | UPS | 3,301 | $333,203 | 0.09% |
| 151 | Mondelez International Inc | 609207105 | 4,923 | $332,007 | 0.09% |
| 152 | Boston Properties Inc | BXP | 4,728 | $318,998 | 0.09% |
| 153 | UnitedHealth Group Inc | UNH | 1,000 | $311,970 | 0.08% |
| 154 | Elevance Health Inc | ELV | 800 | $311,168 | 0.08% |
| 155 | American Intl Group Inc | 026874784 | 3,594 | $307,610 | 0.08% |
| 156 | Advanced Micro Devices Inc | AMD | 2,061 | $292,456 | 0.08% |
| 157 | Avery Dennison Corp | AVY | 1,651 | $289,701 | 0.08% |
| 158 | Wesco Intl Inc | 95082P105 | 1,146 | $212,239 | 0.06% |
| 159 | Workday Inc | WDAY | 700 | $168,000 | 0.05% |
| 160 | SPDR S&P 500 ETF Trust | SPY | 166 | $102,563 | 0.03% |
| 161 | UnitedHealth Group Inc | UNH | 4 | $1,248 | 0.00% |