Institutional Manager · CIK 0001895612
VELA Investment Management, LLC
NEW ALBANY, OH · File #028-21675
Latest AUM
$425.0M
Positions
169
Top-10 Concentration
38.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | State Street Spdr S&P 500 Etf | SPY | -14,000 | -$9.5M | +$377,760 |
| NEW | ARK Innovation ETF | 00214Q104 | +70,000 | +$5.4M | $0 |
| REDUCE | Arch Capital Group Ltd | G0450A105 | -55,360 | -$5.3M | +$313,268 |
| NEW | Carlisle Cos Inc | 142339100 | +15,706 | +$5.0M | $0 |
| ADD | Johnson & Johnson | JNJ | +23,116 | +$4.8M | +$215,271 |
| ADD | Teradyne Inc | TER | +18,960 | +$3.7M | +$173,352 |
| NEW | SPDR Gold Shares | GLD | +9,000 | +$3.6M | $0 |
| EXITED | Indivior PLC | G4766E116 | -142,511 | -$3.4M | $0 |
| NEW | Gildan Activewear Inc | GIL | +49,688 | +$3.1M | $0 |
| EXITED | Nvidia Corp | 67066G104 | -15,500 | -$2.9M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025169 pos · $425.0M
- 13F HOLDINGS REPORTQ/E Sep 2025174 pos · $409.9M
- 13F HOLDINGS REPORTQ/E Jun 2025161 pos · $368.9M
- 13F HOLDINGS REPORTQ/E Mar 2025154 pos · $318.9M
- 13F HOLDINGS REPORTQ/E Dec 2024167 pos · $359.0M
- 13F HOLDINGS REPORTQ/E Sep 2024160 pos · $324.1M
- 13F HOLDINGS REPORTQ/E Jun 2024164 pos · $321.7M
- 13F HOLDINGS REPORTQ/E Mar 2024160 pos · $295.0M
- 13F HOLDINGS REPORTQ/E Dec 2023136 pos · $227.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Kirby Corp | KEX | 154,048 | $17.0M | 6.07% |
| 2 | Hub Group Inc | HUBG | 321,415 | $13.7M | 4.90% |
| 3 | Berkshire Hathaway Inc Cl B | BRK-A | 23,410 | $11.8M | 4.21% |
| 4 | Alphabet Inc | GOOG | 37,476 | $11.7M | 4.20% |
| 5 | Criteo SA | CRTO | 551,407 | $11.4M | 4.07% |
| 6 | Wix.com Ltd | WIX | 97,974 | $10.2M | 3.64% |
| 7 | Lincoln Electric Holdings Inc | 533900106 | 37,840 | $9.1M | 3.24% |
| 8 | Amazon.com Inc | AMZN | 39,184 | $9.0M | 3.24% |
| 9 | CSX Corp | CSX | 191,927 | $7.0M | 2.49% |
| 10 | Johnson & Johnson | JNJ | 33,116 | $6.9M | 2.45% |
| 11 | State Street Spdr S&P 500 Etf | SPY | 10,000 | $6.8M | 2.44% |
| 12 | Cactus Inc. A | WHD | 146,042 | $6.7M | 2.39% |
| 13 | Sysco Corp | SYY | 86,042 | $6.3M | 2.27% |
| 14 | Arch Capital Group Ltd | G0450A105 | 61,807 | $5.9M | 2.12% |
| 15 | Walt Disney Co/The | 254687106 | 52,087 | $5.9M | 2.12% |
| 16 | Graham Holdings Co | GHM | 4,919 | $5.4M | 1.93% |
| 17 | ARK Innovation ETF | 00214Q104 | 70,000 | $5.4M | 1.93% |
| 18 | Applied Industrial Technologie | 03820C105 | 20,734 | $5.3M | 1.90% |
| 19 | Axis Capital Holdings Ltd | G0692U109 | 48,136 | $5.2M | 1.84% |
| 20 | Carlisle Cos Inc | 142339100 | 15,706 | $5.0M | 1.80% |