VELA Investment Management, LLC
Reported holdings as of Q2 2026, from 19 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| KIRBY CORP | KEX | $17.7M | 130,543 | -0.71pp | 19q | -9.3%-$1.8M | |
| ALPHABET INC OPT | GOOGL | $14.9M | 33,113 | +0.29pp | 19q | -9.9%-$1.6M | |
| ISHARES TR OPT | SOXX | $14.4M | options only | - | new | OPTIONS | |
| CRITEO S A | CRTO | $14.2M | 777,671 | -0.34pp | 14q | -5.4%-$818.9K | |
| WORTHINGTON ENTERPRISES INC | WOR | $12.3M | 228,927 | +0.04pp | 7q | +5.4%+$635.3K | |
| AMAZON COM INC OPT | AMZN | $12.1M | 40,856 | +0.03pp | 12q | -6.4%-$834.6K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $11.8M | 23,618 | -0.03pp | 19q | +1.5%+$178.1K | |
| HUB GROUP INC | HUBG | $11.6M | 265,796 | -0.03pp | 19q | -12.6%-$1.7M | |
| LINCOLN ELEC HLDGS INC | LECO | $9.3M | 34,876 | flat | 12q | +0.7%+$64.0K | |
| HENRY JACK & ASSOC INC | JKHY | $9.2M | 66,665 | +0.60pp | 3q | +77.0%+$4.0M | |
| CSX CORP OPT | CSX | $8.8M | 165,693 | -0.02pp | 19q | -9.2%-$899.1K | |
| JOHNSON & JOHNSON OPT | JNJ | $8.4M | 26,143 | -0.27pp | 17q | -12.4%-$1.2M | |
| CARLISLE COS INC | CSL | $8.3M | 22,942 | +0.17pp | 3q | +9.2%+$702.3K | |
| CACTUS INC | WHD | $7.6M | 149,121 | +0.06pp | 7q | +3.1%+$226.3K | |
| POOL CORP | POOL | $7.3M | 34,067 | -0.17pp | 5q | -8.7%-$699.1K | |
| MICROSOFT CORP OPT | MSFT | $6.9M | 9,618 | +0.45pp | 19q | +4.6%+$302.6K | |
| DISNEY WALT CO | DIS | $6.6M | 68,580 | +0.06pp | 19q | +12.4%+$728.1K | |
| ARCH CAP GROUP LTD | ACGL | $6.3M | 64,394 | -0.15pp | 19q | HELD | |
| COPA HOLDINGS SA | CPA | $6.2M | 39,972 | +0.29pp | 19q | HELD | |
| BOOKING HOLDINGS INC OPT | BKNG | $6.1M | 23,966 | +0.27pp | 14q | +2670.6%+$5.8M | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $5.8M | 22,205 | +1.18pp | 2q | +1465.9%+$5.5M | |
| ATLANTA BRAVES HLDGS INC | BATRK | $5.7M | 109,086 | +0.14pp | 12q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $5.6M | 11,167 | +0.11pp | 6q | +15.7%+$758.6K | |
| GILDAN ACTIVEWEAR INC | GIL | $5.6M | 107,941 | +0.22pp | 3q | +42.5%+$1.7M | |
| AXIS CAP HLDGS LTD | AXS | $5.5M | 51,510 | +0.07pp | 19q | +7.2%+$373.2K | |
| MURPHY USA INC | MUSA | $5.3M | 9,760 | -0.23pp | 5q | -18.2%-$1.2M | |
| ENCOMPASS HEALTH CORP | EHC | $5.1M | 50,925 | +0.37pp | 19q | +54.1%+$1.8M | |
| ABBOTT LABORATORIES | ABT | $5.0M | 54,892 | +0.58pp | 19q | +164.1%+$3.1M | |
| INTER PARFUMS INC | IPAR | $4.9M | 44,004 | +0.22pp | 2q | +10.8%+$478.8K | |
| GRAHAM HLDGS CO | GHC | $4.9M | 4,288 | flat | 19q | -0.8%-$39.9K | |
| GREENBRIER COS INC | GBX | $4.8M | 97,816 | -0.13pp | 19q | +2.7%+$124.8K | |
| ANTERO RESOURCES CORP | AR | $4.7M | 134,472 | -0.01pp | 10q | +28.7%+$1.1M | |
| PEPSICO INC | PEP | $4.7M | 34,544 | -0.19pp | 19q | +3.6%+$162.6K | |
| BRUKER CORP | BRKR | $4.7M | 77,459 | +0.16pp | 7q | -22.9%-$1.4M | |
| ALIGN TECHNOLOGY INC OPT | ALGN | $4.5M | 22,582 | -0.13pp | 7q | +14.6%+$571.2K | |
| ALLEGIANT TRAVEL CO | ALGT | $4.5M | 37,934 | - | new | NEW | |
| MOVADO GROUP INC | MOV | $4.4M | 111,318 | -0.07pp | 8q | -37.9%-$2.7M | |
| PERFORMANCE FOOD GROUP CO | PFGC | $4.3M | 38,902 | +0.16pp | 19q | -0.7%-$30.3K | |
| VALVOLINE INC | VVV | $4.3M | 108,766 | +0.08pp | 15q | HELD | |
| CITIGROUP INC OPT | C | $4.1M | 10,996 | +0.03pp | 15q | -22.0%-$1.2M | |
| SIMPSON MFG INC | SSD | $4.1M | 19,664 | +0.24pp | 3q | +20.0%+$687.5K | |
| EQUIFAX INC | EFX | $4.1M | 25,925 | +0.03pp | 2q | +25.6%+$839.6K | |
| MSC INDL DIRECT INC | MSM | $3.9M | 32,636 | - | new | NEW | |
| ETSY INC | ETSY | $3.7M | 49,440 | +0.23pp | 3q | HELD | |
| BANK OF AMER CORP OPT | BAC | $3.7M | 24,995 | +0.23pp | 19q | HELD | |
| APPLIED INDL TECHNOLOGIES IN | AIT | $3.7M | 10,905 | -0.02pp | 19q | -18.1%-$815.6K | |
| EPAM SYS INC OPT | EPAM | $3.7M | 39,364 | -0.25pp | 9q | +49.1%+$1.2M | |
| NATIONAL FUEL GAS CO | NFG | $3.6M | 46,956 | +0.02pp | 6q | +33.9%+$918.2K | |
| LIMBACH HLDGS INC | LMB | $3.6M | 46,839 | flat | 2q | +8.7%+$287.4K | |
| HOULIHAN LOKEY INC | HLI | $3.5M | 26,300 | +0.22pp | 2q | +63.1%+$1.4M | |
| LAMB WESTON HLDGS INC | LW | $3.5M | 81,692 | -0.03pp | 2q | +1.2%+$41.2K | |
| PROFICIENT AUTO LOGISTICS IN | PAL | $3.5M | 510,840 | +0.10pp | 4q | +23.8%+$669.0K | |
| FEDERAL AGRIC MTG CORP | AGM | $3.4M | 17,308 | +0.18pp | 7q | +5.8%+$189.7K | |
| METLIFE INC OPT | MET | $3.4M | 25,028 | +0.15pp | 19q | HELD | |
| SI-BONE INC | SIBN | $3.3M | 201,094 | +0.16pp | 19q | +7.4%+$227.4K | |
| TORO CO | TTC | $3.1M | 31,728 | +0.05pp | 3q | +11.5%+$318.2K | |
| SUPERNUS PHARMACEUTICALS | SUPN | $3.0M | 64,594 | +0.03pp | 4q | +25.2%+$603.8K | |
| BAKER HUGHES COMPANY OPT | BKR | $2.9M | 31,764 | -0.11pp | 19q | HELD | |
| ASSURED GUARANTY LTD | AGO | $2.9M | 35,791 | -0.06pp | 19q | HELD | |
| META PLATFORMS INC OPT | META | $2.8M | 2,768 | -0.07pp | 14q | -5.5%-$162.8K | |
| PPG INDS INC | PPG | $2.8M | 22,960 | -0.05pp | 5q | -12.2%-$388.5K | |
| BRP INC | DOO | $2.8M | 45,333 | +0.13pp | 5q | +60.7%+$1.0M | |
| TIDEWATER INC NEW | TDW | $2.7M | 40,537 | -0.08pp | 4q | +17.5%+$401.6K | |
| RANGE RES CORP | RRC | $2.7M | 71,716 | -0.06pp | 18q | +18.1%+$407.8K | |
| PROCEPT BIOROBOTICS CORP | PRCT | $2.7M | 117,894 | +0.15pp | 3q | +61.4%+$1.0M | |
| ESSENT GROUP LTD | ESNT | $2.6M | 41,140 | +0.03pp | 2q | +2.2%+$57.7K | |
| 3M CO OPT | MMM | $2.5M | 7,409 | +0.02pp | 10q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $2.3M | 18,276 | -0.74pp | 16q | -32.4%-$1.1M | |
| SALESFORCE INC OPT | CRM | $2.3M | 6,977 | -0.12pp | 17q | -23.4%-$692.4K | |
| GLOBUS MED INC | GMED | $2.3M | 28,534 | -0.05pp | 4q | +5.5%+$118.3K | |
| ICON PUB LTD CO | ICLR | $2.2M | 12,590 | +0.42pp | 2q | +531.4%+$1.8M | |
| FEDEX CORP OPT | FDX | $2.1M | 2,736 | -0.02pp | 17q | HELD | |
| MAMAS CREATIONS INC | MAMA | $2.1M | 115,414 | +0.03pp | 10q | HELD | |
| SUNCOR ENERGY INC NEW | SU | $2.0M | 36,792 | -0.17pp | 19q | -5.1%-$106.2K | |
| INSTALLED BLDG PRODS INC | IBP | $1.9M | 8,391 | -0.06pp | 6q | +7.0%+$126.0K | |
| CORPAY INC | CPAY | $1.9M | 5,782 | +0.03pp | 3q | HELD | |
| OLLIES BARGAIN OUTLET HLDGS | OLLI | $1.9M | 25,047 | - | new | NEW | |
| COCA COLA CONS INC | COKE | $1.9M | 9,874 | -0.03pp | 9q | HELD | |
| COPART INC | CPRT | $1.9M | 66,034 | - | new | NEW | |
| DECKERS OUTDOOR CORP OPT | DECK | $1.8M | 11,200 | -0.20pp | 5q | +7.9%+$132.9K | |
| BLUE OWL CAPITAL INC OPT | OWL | $1.8M | options only | +0.26pp | 2q | OPTIONS | |
| UBER TECHNOLOGIES INC OPT | UBER | $1.7M | 14,246 | +0.01pp | 12q | +17.8%+$264.5K | |
| BBB FOODS INC | TBBB | $1.7M | 41,600 | +0.05pp | 9q | +6.4%+$104.2K | |
| AUTODESK INC OPT | ADSK | $1.7M | 5,777 | -0.13pp | 12q | +14.9%+$221.2K | |
| INGLES MKTS INC | IMKTA | $1.7M | 19,209 | -0.15pp | 5q | -23.7%-$527.4K | |
| NOMAD FOODS LTD | NOMD | $1.7M | 153,600 | -0.05pp | 8q | -17.9%-$365.7K | |
| ZOETIS INC | ZTS | $1.7M | 23,134 | -0.07pp | 9q | +49.0%+$546.6K | |
| ALAMOS GOLD INC | AGI | $1.6M | 53,000 | -0.55pp | 15q | -39.5%-$1.1M | |
| SPS COMM INC | SPSC | $1.6M | 27,452 | flat | 3q | +3.0%+$45.7K | |
| SERVICENOW INC OPT | NOW | $1.5M | 9,468 | -0.09pp | 14q | HELD | |
| HOME DEPOT INC | HD | $1.5M | 4,293 | +0.03pp | 19q | +9.3%+$129.1K | |
| ROUNDHILL ETF TRUST OPT | $1.5M | options only | - | new | OPTIONS | ||
| VISA INC | V | $1.4M | 4,225 | +0.02pp | 19q | HELD | |
| GLOBANT S A | GLOB | $1.4M | 48,900 | -0.06pp | 4q | +43.4%+$428.3K | |
| PALANTIR TECHNOLOGIES INC OPT | PLTR | $1.4M | 40 | - | new | NEW | |
| TOTALENERGIES SE | TTE | $1.4M | 18,000 | -0.09pp | 3q | HELD | |
| NETFLIX INC | NFLX | $1.4M | 19,543 | +0.17pp | 2q | +240.2%+$985.2K | |
| NISOURCE INC | NI | $1.4M | 28,463 | -0.02pp | 3q | -2.0%-$27.0K | |
| ARCOS DORADOS HLDGS INC | ARCO | $1.3M | 167,400 | -0.03pp | 5q | HELD | |
| TYSON FOODS INC | TSN | $1.2M | 21,558 | -0.03pp | 9q | +8.1%+$92.2K | |
| TJX COS INC NEW | TJX | $1.2M | 7,828 | -0.33pp | 19q | -11.1%-$148.0K | |
| SCHWAB CHARLES CORP | SCHW | $1.1M | 12,410 | -0.02pp | 19q | HELD | |
| MICRON TECHNOLOGY INC OPT | MU | $1.0M | options only | - | new | OPTIONS | |
| DEERE & CO | DE | $1.0M | 1,635 | +0.01pp | 19q | HELD | |
| MPLX LP | MPLX | $1.0M | 18,164 | flat | 11q | +10.0%+$93.0K | |
| ASTRAZENECA PLC | AZN | $920.4K | 4,854 | -0.10pp | 2q | -26.4%-$329.6K | |
| MASTERCARD INCORPORATED | MA | $853.1K | 1,661 | +0.07pp | 2q | +73.4%+$361.1K | |
| ADVANCED MICRO DEVICES INC | AMD | $841.2K | 1,448 | +0.11pp | 5q | -8.6%-$79.0K | |
| TAIWAN SEMICONDUCTOR MANUFAC OPT | TSM | $716.4K | options only | -0.47pp | 3q | OPTIONS | |
| ALPHABET INC | GOOG | $710.9K | 2,012 | +0.02pp | 3q | -2.1%-$15.5K | |
| VAIL RESORTS INC | MTN | $676.4K | 4,968 | -0.02pp | 17q | -10.9%-$82.5K | |
| ABBVIE INC | ABBV | $613.5K | 2,438 | -0.04pp | 19q | -0.7%-$4.0K | |
| STRATEGY INC OPT | MSTR | $608.5K | options only | - | new | OPTIONS | |
| MEDTRONIC PLC | MDT | $605.0K | 7,734 | flat | 19q | +15.7%+$82.0K | |
| FIDELITY NATL INFORMATION SV | FIS | $593.5K | 15,265 | -0.04pp | 19q | -2.4%-$14.3K | |
| AXSOME THERAPEUTICS INC OPT | AXSM | $587.4K | 1,200 | +0.05pp | 4q | HELD | |
| KKR & CO INC | KKR | $579.1K | 6,310 | -0.12pp | 10q | HELD | |
| FIRST INTST BANCSYSTEM INC | FIBK | $563.0K | 14,601 | +0.01pp | 4q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $554.7K | 2,480 | flat | 17q | -8.3%-$50.3K | |
| ROCKET COS INC | RKT | $549.3K | 34,876 | flat | 3q | HELD | |
| BXP INC | BXP | $527.9K | 7,961 | flat | 5q | -13.0%-$78.6K | |
| NVR INC | NVR | $517.8K | 76 | - | new | NEW | |
| UNION PAC CORP | UNP | $475.5K | 1,748 | flat | 3q | -0.7%-$3.5K | |
| SHERWIN WILLIAMS CO | SHW | $469.0K | 1,362 | - | new | NEW | |
| NORTHROP GRUMMAN CORP | NOC | $457.9K | 899 | -0.04pp | 19q | HELD | |
| LINDE PLC | LIN | $445.8K | 859 | flat | 14q | HELD | |
| COMCAST CORP NEW | CMCSA | $445.1K | 18,132 | +0.01pp | 19q | +46.3%+$140.9K | |
| PAYPAL HLDGS INC OPT | PYPL | $431.8K | options only | -0.04pp | 2q | OPTIONS | |
| DOMINOS PIZZA INC | DPZ | $429.3K | 1,450 | -0.02pp | 2q | +9.9%+$38.8K | |
| FS KKR CAP CORP OPT | FSK | $420.0K | options only | - | new | OPTIONS | |
| SHIFT4 PMTS INC | FOURPRA | $373.6K | 6,000 | +0.01pp | 3q | HELD | |
| WESCO INTL INC | WCC | $366.2K | 1,060 | +0.01pp | 5q | HELD | |
| GARMIN LTD | GRMN | $358.7K | 1,510 | flat | 8q | HELD | |
| SHIFT4 PMTS INC | FOUR | $319.4K | 6,567 | -0.49pp | 5q | -88.3%-$2.4M | |
| HERSHEY CO | HSY | $313.5K | 1,787 | - | new | NEW | |
| VANGUARD INDEX FDS | VOO | $306.6K | 446 | +0.01pp | 2q | +3.0%+$8.9K | |
| TERADYNE INC | TER | $299.5K | 619 | - | new | NEW | |
| BROWN & BROWN INC | BRO | $281.7K | 4,392 | flat | 2q | +10.3%+$26.3K | |
| CIMPRESS PLC | CMPR | $279.0K | 2,743 | +0.01pp | 2q | HELD | |
| WIX COM LTD | WIX | $255.1K | 5,622 | -2.92pp | 10q | -95.5%-$5.5M | |
| SNOWFLAKE INC OPT | SNOW | $254.5K | options only | - | new | OPTIONS | |
| ROIVANT SCIENCES LTD | ROIV | $207.0K | 5,849 | - | new | NEW | |
| FEDEX FGHT HLDG CO INC | $206.4K | 1,367 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Transport & Logistics | $64.7M | 13.8% |
| Software & IT Services | $48.6M | 10.4% |
| Business Services | $36.5M | 7.8% |
| Retail & Consumer | $34.7M | 7.4% |
| Industrials | $33.9M | 7.2% |
| Insurance | $32.8M | 7.0% |
| Biotech & Pharma | $27.2M | 5.8% |
| Wholesale & Distribution | $20.0M | 4.3% |
| Energy | $18.7M | 4.0% |
| Chemicals | $18.3M | 3.9% |
| Medical Devices | $15.8M | 3.4% |
| Food, Drink & Tobacco | $15.4M | 3.3% |
| Other sectors | $84.3M | 18.0% |
| Not classified | $16.8M | 3.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $467.7M | 143 | 17 | 57 | 36 | 17 | 27.3% | 34 |
| Q1 2026 | $436.1M | 143 | 21 | 65 | 43 | 16 | 28.0% | 38 |
| Q4 2025 | $425.0M | 138 | 20 | 49 | 44 | 19 | 26.5% | 33 |
| Q3 2025 | $409.9M | 137 | 17 | 42 | 57 | 13 | 27.9% | 30 |
| Q2 2025 | $368.9M | 133 | 14 | 66 | 31 | 12 | 26.4% | 29 |
| Q1 2025 | $318.9M | 131 | 8 | 51 | 42 | 16 | 26.3% | 29 |
| Q4 2024 | $359.0M | 139 | 12 | 48 | 28 | 10 | 29.2% | 36 |
| Q3 2024 | $324.1M | 137 | 12 | 46 | 35 | 18 | 26.3% | 29 |
| Q2 2024 | $321.7M | 143 | 14 | 60 | 29 | 14 | 27.4% | 36 |
| Q1 2024 | $295.0M | 143 | 12 | 53 | 33 | 15 | 27.8% | 43 |
| Q4 2023 | $261.4M | 146 | 17 | 56 | 31 | 7 | 26.8% | 30 |
| Q3 2023 | $227.6M | 136 | 15 | 67 | 23 | 15 | 29.3% | 38 |
| Q2 2023 | $216.6M | 136 | 9 | 37 | 36 | 6 | 27.1% | 39 |
| Q1 2023 | $219.8M | 133 | 10 | 93 | 15 | 14 | 27.9% | 38 |
| Q4 2022 | $202.5M | 137 | 11 | 69 | 23 | 9 | 28.0% | 31 |
| Q3 2022 | $176.4M | 135 | 10 | 83 | 11 | 11 | 28.4% | 41 |
| Q2 2022 | $174.7M | 136 | 26 | 73 | 8 | 4 | 27.9% | 42 |
| Q1 2022 | $159.3M | 114 | 10 | 52 | 22 | 10 | 30.2% | 42 |
| Q4 2021 | $148.7M | 114 | 0 | 0 | 0 | 0 | 30.0% | 40 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.