13F HOLDINGS REPORT
VELA Investment Management, LLC
Quarter ended Q4 2025 · Filed February 2, 2026 · Accession 0001895612-26-000002
Total Value
$425.0M
Positions
169
Other Managers
0
Confidential Omitted
No
Holdings (169)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Kirby Corp | KEX | 154,048 | $17.0M | 3.99% |
| 2 | Hub Group Inc | HUBG | 321,415 | $13.7M | 3.22% |
| 3 | Berkshire Hathaway Inc Cl B | BRK-A | 23,410 | $11.8M | 2.77% |
| 4 | Alphabet Inc | GOOG | 37,476 | $11.7M | 2.76% |
| 5 | Criteo SA | CRTO | 551,407 | $11.4M | 2.67% |
| 6 | Wix.com Ltd | WIX | 97,974 | $10.2M | 2.39% |
| 7 | Lincoln Electric Holdings Inc | 533900106 | 37,840 | $9.1M | 2.13% |
| 8 | Amazon.com Inc | AMZN | 39,184 | $9.0M | 2.13% |
| 9 | CSX Corp | CSX | 191,927 | $7.0M | 1.64% |
| 10 | Johnson & Johnson | JNJ | 33,116 | $6.9M | 1.61% |
| 11 | State Street Spdr S&P 500 Etf | SPY | 10,000 | $6.8M | 1.60% |
| 12 | Cactus Inc. A | WHD | 146,042 | $6.7M | 1.57% |
| 13 | Sysco Corp | SYY | 86,042 | $6.3M | 1.49% |
| 14 | Arch Capital Group Ltd | G0450A105 | 61,807 | $5.9M | 1.39% |
| 15 | Walt Disney Co/The | 254687106 | 52,087 | $5.9M | 1.39% |
| 16 | Graham Holdings Co | GHM | 4,919 | $5.4M | 1.27% |
| 17 | ARK Innovation ETF | 00214Q104 | 70,000 | $5.4M | 1.27% |
| 18 | Applied Industrial Technologie | 03820C105 | 20,734 | $5.3M | 1.25% |
| 19 | Axis Capital Holdings Ltd | G0692U109 | 48,136 | $5.2M | 1.21% |
| 20 | Carlisle Cos Inc | 142339100 | 15,706 | $5.0M | 1.18% |
| 21 | Thermo Fisher Scientific Inc | TMO | 8,508 | $4.9M | 1.16% |
| 22 | Bruker Corp | BRKRP | 102,700 | $4.8M | 1.14% |
| 23 | PepsiCo Inc | PEP | 32,979 | $4.7M | 1.11% |
| 24 | Pool Corp | POOL | 20,578 | $4.7M | 1.11% |
| 25 | Copa Holdings SA | CPA | 37,393 | $4.5M | 1.06% |
| 26 | Alamos Gold Inc | AGI | 116,144 | $4.5M | 1.05% |
| 27 | Antero Resources Corp | AR | 129,130 | $4.4M | 1.05% |
| 28 | Greenbrier Cos Inc/The | 393657101 | 92,695 | $4.3M | 1.02% |
| 29 | Teradyne Inc | TER | 22,060 | $4.3M | 1.00% |
| 30 | Coca-Cola Consolidated Inc | COKE | 27,818 | $4.3M | 1.00% |
| 31 | Worthington Inc | WOR | 78,306 | $4.0M | 0.95% |
| 32 | Murphy USA Inc. | MUSA | 9,765 | $3.9M | 0.93% |
| 33 | Accenture PLC | ACN | 14,503 | $3.9M | 0.92% |
| 34 | Valvoline Inc | VVV | 133,756 | $3.9M | 0.91% |
| 35 | Movado Group PLC | MOVAA | 185,006 | $3.8M | 0.90% |
| 36 | SPDR Gold Shares | GLD | 9,000 | $3.6M | 0.84% |
| 37 | Microsoft Corp | MSFT | 7,268 | $3.5M | 0.83% |
| 38 | Atlanta Braves Holdings Inc | BATRB | 88,467 | $3.5M | 0.82% |
| 39 | Northrop Grumman Corp | NOC | 6,087 | $3.5M | 0.82% |
| 40 | Sun Country Airlines Holding | 866683105 | 239,179 | $3.4M | 0.81% |
| 41 | Abbott Laboratories | ABLZF | 27,229 | $3.4M | 0.80% |
| 42 | Fidelity National Information | 31620M106 | 51,092 | $3.4M | 0.80% |
| 43 | Shift 4 Payments Inc. Cl A | 82452J109 | 52,752 | $3.3M | 0.78% |
| 44 | EPAM Systems Inc | EPAM | 15,939 | $3.3M | 0.77% |
| 45 | Assured Guaranty Ltd | AGO | 35,109 | $3.2M | 0.74% |
| 46 | Gildan Activewear Inc | GIL | 49,688 | $3.1M | 0.73% |
| 47 | Mama's Creations Inc | 56146T103 | 226,551 | $3.1M | 0.72% |
| 48 | Align Technology Inc | ALGN | 19,495 | $3.0M | 0.72% |
| 49 | Performance Food Group Co | PFGC | 31,194 | $2.8M | 0.66% |
| 50 | Installed Bldg Prods Inc | 45780R101 | 10,759 | $2.8M | 0.66% |
| 51 | SI-BONE Inc | SIBN | 140,412 | $2.8M | 0.65% |
| 52 | Seaboard Corp | SE | 610 | $2.7M | 0.64% |
| 53 | PPG Industries Inc | 693506107 | 25,989 | $2.7M | 0.63% |
| 54 | UnitedHealth Group Inc | UNH | 8,000 | $2.6M | 0.62% |
| 55 | Henry Jack & Assoc Inc | 426281101 | 13,988 | $2.6M | 0.60% |
| 56 | Simpson Manufacturing Co Inc. | 829073105 | 15,505 | $2.5M | 0.59% |
| 57 | Supernus Pharmaceuticals Inc. | SUPN | 49,910 | $2.5M | 0.58% |
| 58 | Janus International Group IN | JBI | 375,487 | $2.5M | 0.58% |
| 59 | Net Lease Office Properties | NLOP | 94,327 | $2.4M | 0.57% |
| 60 | Suncor Energy Inc | SU | 54,368 | $2.4M | 0.57% |
| 61 | Range Resources Corp | RRC | 66,496 | $2.3M | 0.55% |
| 62 | Globus Med Inc Cl A | GMED | 26,597 | $2.3M | 0.55% |
| 63 | Proficient Auto Logistics Inc | PAL | 239,980 | $2.3M | 0.54% |
| 64 | Amazon.com Inc | AMZN | 10,000 | $2.3M | 0.54% |
| 65 | Toro Co | TORO | 28,250 | $2.2M | 0.52% |
| 66 | Alphabet Inc | GOOG | 7,000 | $2.2M | 0.52% |
| 67 | Citigroup Inc | C-PR | 18,500 | $2.2M | 0.51% |
| 68 | BOK Financial Corp | 05561Q201 | 17,849 | $2.1M | 0.50% |
| 69 | National Fuel Gas Co NJ | NFG | 25,806 | $2.1M | 0.49% |
| 70 | Meta Platforms Inc | META | 3,000 | $2.0M | 0.47% |
| 71 | Microsoft Corp | MSFT | 4,000 | $1.9M | 0.46% |
| 72 | Citigroup Inc | C-PR | 16,504 | $1.9M | 0.45% |
| 73 | MPLX LP | MPLXP | 35,346 | $1.9M | 0.44% |
| 74 | Zoetis Inc | ZTS | 14,873 | $1.9M | 0.44% |
| 75 | MetLife Inc | MET-PF | 23,444 | $1.9M | 0.44% |
| 76 | Salesforce Inc | CRM | 6,843 | $1.8M | 0.43% |
| 77 | SPS Commerce Inc | SPSC | 20,171 | $1.8M | 0.42% |
| 78 | Encompass Health Corp | EHC | 16,776 | $1.8M | 0.42% |
| 79 | Ingles Markets Inc. - Class A | 457030104 | 24,833 | $1.7M | 0.40% |
| 80 | AbbVie Inc | ABBV | 7,445 | $1.7M | 0.40% |
| 81 | Tidewater Inc | TDGMW | 33,369 | $1.7M | 0.40% |
| 82 | BRP INC/CA- Sub-Voting | DOO | 23,335 | $1.7M | 0.39% |
| 83 | Nomad Foods LTD | NOMD | 122,400 | $1.5M | 0.36% |
| 84 | NewMarket Corp | NEU | 2,211 | $1.5M | 0.36% |
| 85 | Visa Inc | V | 4,239 | $1.5M | 0.35% |
| 86 | TotalEnergies SE | TTE | 22,600 | $1.5M | 0.35% |
| 87 | Baker Hughes Co | BKR | 32,122 | $1.5M | 0.34% |
| 88 | Meta Platforms Inc | META | 2,200 | $1.5M | 0.34% |
| 89 | BBB Foods Inc | TBBB | 43,100 | $1.4M | 0.34% |
| 90 | TJX Cos Inc/The | 872540109 | 9,358 | $1.4M | 0.34% |
| 91 | NIKE Inc | NKE | 22,495 | $1.4M | 0.34% |
| 92 | Charles Schwab Corp/The | SCHW-PJ | 14,273 | $1.4M | 0.34% |
| 93 | Corpay Inc | CPAY | 4,632 | $1.4M | 0.33% |
| 94 | Octave Specialty Group Inc | OSG | 178,752 | $1.4M | 0.33% |
| 95 | Bank of America Corp | 060505104 | 25,065 | $1.4M | 0.32% |
| 96 | Bank of America Corp | 060505104 | 25,000 | $1.4M | 0.32% |
| 97 | Booking Holdings Inc | BKNG | 255 | $1.4M | 0.32% |
| 98 | FedEx Corp | FDX | 4,722 | $1.4M | 0.32% |
| 99 | Home Depot Inc/The | HD | 3,927 | $1.4M | 0.32% |
| 100 | Autodesk Inc | ADSK | 4,470 | $1.3M | 0.31% |
| 101 | Tyson Foods Inc | TSN | 22,339 | $1.3M | 0.31% |
| 102 | AstraZeneca PLC | AZN | 13,987 | $1.3M | 0.30% |
| 103 | 3M Co | MMM | 8,000 | $1.3M | 0.30% |
| 104 | Taiwan Semiconductor Mfg Ltd S | 874039100 | 4,000 | $1.2M | 0.29% |
| 105 | PROCEPT BioRobotics Corp | PRCT | 38,238 | $1.2M | 0.28% |
| 106 | Align Technology Inc | ALGN | 7,500 | $1.2M | 0.28% |
| 107 | ServiceNow Inc | NOW | 7,595 | $1.2M | 0.27% |
| 108 | FedEx Corp | FDX | 4,000 | $1.2M | 0.27% |
| 109 | Etsy Inc | ETSY | 20,075 | $1.1M | 0.26% |
| 110 | Arcos Dorados Holdings Inc. -A | ARCO | 151,000 | $1.1M | 0.26% |
| 111 | Intel Corp | INTC | 30,000 | $1.1M | 0.26% |
| 112 | Globant SA | GLOB | 16,800 | $1.1M | 0.26% |
| 113 | TJX Cos Inc/The | 872540109 | 7,000 | $1.1M | 0.25% |
| 114 | Booking Holdings Inc | BKNG | 200 | $1.1M | 0.25% |
| 115 | 3M Co | MMM | 6,474 | $1.0M | 0.24% |
| 116 | Deckers Outdoor Corp. | DECK | 9,903 | $1.0M | 0.24% |
| 117 | EPAM Systems Inc | EPAM | 5,000 | $1.0M | 0.24% |
| 118 | Adobe Inc | ADBE | 2,920 | $1.0M | 0.24% |
| 119 | MPLX LP | MPLXP | 19,100 | $1.0M | 0.24% |
| 120 | KKR & Co Inc Cl A | KKRT | 7,880 | $1.0M | 0.24% |
| 121 | NiSource Inc | NI | 23,757 | $992,092 | 0.23% |
| 122 | Uber Technologies Inc | UBER | 12,096 | $988,364 | 0.23% |
| 123 | BWX Technologies Inc | BWXT | 5,695 | $984,324 | 0.23% |
| 124 | NIKE Inc | NKE | 15,000 | $955,650 | 0.22% |
| 125 | Starbucks Corp | SBUX | 10,948 | $921,932 | 0.22% |
| 126 | ServiceNow Inc | NOW | 6,000 | $919,140 | 0.22% |
| 127 | Deere & Co | DE | 1,959 | $912,052 | 0.21% |
| 128 | Baker Hughes Co | BKR | 20,000 | $910,800 | 0.21% |
| 129 | Deere & Co | DE | 1,900 | $884,583 | 0.21% |
| 130 | American Intl Group Inc | 026874784 | 10,000 | $855,500 | 0.20% |
| 131 | Rocket Cos Inc Cl A | 77311W101 | 43,087 | $834,164 | 0.20% |
| 132 | Workday Inc | WDAY | 3,835 | $823,681 | 0.19% |
| 133 | Uber Technologies Inc | UBER | 10,000 | $817,100 | 0.19% |
| 134 | Accenture PLC | ACN | 3,000 | $804,900 | 0.19% |
| 135 | Salesforce Inc | CRM | 3,000 | $794,730 | 0.19% |
| 136 | MetLife Inc | MET-PF | 10,000 | $789,400 | 0.19% |
| 137 | Axsome Therapeutics Inc. | AXSM | 4,000 | $730,560 | 0.17% |
| 138 | Starbucks Corp | SBUX | 7,800 | $656,838 | 0.15% |
| 139 | Alphabet Inc | GOOG | 2,056 | $645,173 | 0.15% |
| 140 | Workday Inc | WDAY | 3,000 | $644,340 | 0.15% |
| 141 | Genuine Parts Co | GPC | 4,800 | $590,208 | 0.14% |
| 142 | Vail Resorts Inc | MTN | 4,417 | $586,578 | 0.14% |
| 143 | Federal Agric Mtg Corp Cl C | 313148306 | 3,292 | $577,976 | 0.14% |
| 144 | FedEx Corp | FDX | 2,000 | $577,720 | 0.14% |
| 145 | Zoetis Inc | ZTS | 4,500 | $566,190 | 0.13% |
| 146 | Medtronic PLC | MDT | 5,846 | $561,567 | 0.13% |
| 147 | Deckers Outdoor Corp. | DECK | 5,000 | $518,350 | 0.12% |
| 148 | Centene Corp | CNC | 12,500 | $514,375 | 0.12% |
| 149 | Arch Capital Group Ltd | G0450A105 | 5,000 | $479,600 | 0.11% |
| 150 | Avery Dennison Corp | AVY | 2,596 | $472,160 | 0.11% |
| 151 | Advanced Micro Devices Inc | AMD | 2,099 | $449,522 | 0.11% |
| 152 | Wix.com Ltd | WIX | 4,000 | $415,560 | 0.10% |
| 153 | First Interstate Bancsys-A | 32055Y201 | 11,501 | $397,935 | 0.09% |
| 154 | Ionis Pharmaceuticals Inc | IONS | 5,000 | $395,550 | 0.09% |
| 155 | Union Pacific Corp | UNP | 1,675 | $387,461 | 0.09% |
| 156 | Comcast Corp | CCZ | 12,393 | $370,427 | 0.09% |
| 157 | Simon Property Group Inc | 828806109 | 1,988 | $367,999 | 0.09% |
| 158 | Linde PLC Shs | LIN | 859 | $366,269 | 0.09% |
| 159 | Boston Properties Inc | BXP | 4,728 | $319,045 | 0.08% |
| 160 | American Intl Group Inc | 026874784 | 3,594 | $307,467 | 0.07% |
| 161 | Garmin Ltd | GRMN | 1,510 | $306,303 | 0.07% |
| 162 | Wesco Intl Inc | 95082P105 | 1,146 | $280,357 | 0.07% |
| 163 | Northwestern Energy Group Inc | NWE | 4,233 | $273,198 | 0.06% |
| 164 | Vanguard Total Stock Market In | 922908769 | 797 | $267,210 | 0.06% |
| 165 | Mondelez International Inc | 609207105 | 4,923 | $265,005 | 0.06% |
| 166 | Shift4 Payments Inc. | 82452J307 | 3,000 | $240,030 | 0.06% |
| 167 | Texas Instruments Inc | 882508104 | 1,353 | $234,732 | 0.06% |
| 168 | State Street Spdr S&P 500 Etf | SPY | 327 | $222,988 | 0.05% |
| 169 | UnitedHealth Group Inc | UNH | 4 | $1,320 | 0.00% |