VELA Investment Management, LLC

Registered adviser

CIK

1895612

Location

NEW ALBANY, OH

Portfolio Value

Small $457,117,904

Diversification

Diversified

Filing Date

Global Rank

#4,071 / 8,819 ▼ 163

Top Industry

Internet Content & Information 4.2%

Period ended 4 months ago

Filed Aug 27, 2026 · 2mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 306678

Roster of Oct 1, 2026

Regulatory AUM

$562,942,488

Main clients

Registered funds and BDCs (68% of AUM)

Registered funds advised

5 series (0 index, 0 ETFs)

$311,785,054 net assets· N-CEN Sep 30, 2025

LEI

254900T7CM6XO1ZQPW25

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$562,942,488	Registered funds and BDCs (68%)
Apr 2025 to Mar 2026	$486,248,768	Registered funds and BDCs (61%)
Apr 2024 to Mar 2025	$397,892,003	Registered funds and BDCs (57%)
May 2023 to Mar 2024	$354,237,031	Diversified
Apr 2023	$354,237,031	Diversified
Apr 2022 to Mar 2023	$256,216,754	Diversified

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 28.3%, 65.3 effective positions, active share 83.6% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

45.5% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 11.2 quarters (4 to under 12)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 83.6%; sector active share 36.6% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

139 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

3.8%

−0.7 pts

Top 5

16.1%

−0.6 pts

Top 10

27.7%

−0.9 pts

HHI

146

Diversified−2

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	27.2%	$124,248,501	26
Financial Services	11.9%	$54,372,833	19
Consumer Cyclical	11.5%	$52,545,412	16
Healthcare	11.0%	$50,369,293	17
Communication Services	10.1%	$46,164,255	8
Technology	10.0%	$45,561,460	22
Consumer Defensive	6.5%	$29,567,382	12
Energy	6.1%	$27,979,726	9
Unclassified	3.2%	$14,723,417	2
Basic Materials	2.0%	$9,149,665	5
Utilities	0.3%	$1,353,415	1
Real Estate	0.2%	$1,082,545	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PAL	Proficient Auto Logistics, Inc	+98,235	510,840	$3,478,820
PRCT	PROCEPT BioRobotics Corp	+43,513	113,722	$2,567,842
ABT	Abbott Laboratories	+34,106	54,892	$4,980,900
GIL	Gildan Activewear Inc.	+32,005	104,710	$5,403,036
JKHY	Jack Henry & Associates Inc	+28,474	65,260	$8,988,912
AR	ANTERO RESOURCES Corp	+27,585	128,815	$4,526,559
BKNG	Booking Holdings Inc.	+23,101	23,966	$4,271,699
EHC	Encompass Health Corp	+17,105	48,991	$4,952,010
DOO	BRP Inc.	+16,629	43,737	$2,668,831
GLOB	Globant S.A.	+14,800	48,900	$1,415,166
SIBN	SI-BONE, Inc.	+13,934	201,094	$3,281,854
NFLX	Netflix Inc	+13,798	19,543	$1,395,370
RRC	Range Resources Corp	+13,362	71,716	$2,667,118
EPAM	EPAM Systems, Inc.	+12,528	38,075	$3,021,251
SUPN	Supernus Pharmaceuticals, Inc.	+12,408	61,703	$2,869,806
NFG	National Fuel Gas Co	+11,373	45,298	$3,497,458
WOR	Worthington Enterprises, Inc.	+10,760	222,561	$11,964,879
ICLR	Icon PLC	+10,198	12,192	$2,117,872
HLI	Houlihan Lokey, Inc.	+9,734	25,348	$3,399,927
DIS	Walt Disney Co	+7,565	68,580	$6,600,825
ZTS	Zoetis Inc.	+6,769	22,297	$1,602,262
TDW	Tidewater Inc	+5,834	38,540	$2,567,920
CMCSA	Comcast Corp	+5,739	18,132	$445,140
EFX	Equifax Inc	+5,069	24,643	$3,911,336
WHD	Cactus, Inc.	+3,951	145,421	$7,449,917
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MOV	Movado Group Inc	−68,082	111,318	$4,375,910
FOUR	Shift4 Payments, Inc.	−49,530	4,166	$202,634
CRTO	Criteo S.A.	−44,799	761,210	$13,914,918
HUBG	Hub Group, Inc.	−38,363	259,419	$11,359,958
NOMD	Nomad Foods Ltd	−33,400	153,600	$1,681,920
AGI	Alamos Gold Inc	−33,285	53,000	$1,608,020
BRKR	Bruker Corp	−22,370	74,924	$4,508,926
CSX	Csx Corp	−16,879	165,693	$7,875,388
KEX	Kirby Corp	−13,355	128,374	$17,455,012
ACN	Accenture plc	−8,757	18,276	$2,274,265
IMKTA	Ingles Markets Inc	−5,954	19,209	$1,701,533
JNJ	Johnson & Johnson	−3,717	26,143	$6,639,537
GOOGL	Alphabet Inc.	−3,648	33,113	$11,833,592
POOL	Pool Corp	−3,265	33,118	$7,117,058
C	Citigroup Inc	−3,101	10,996	$1,539,000
PPG	Ppg Industries Inc	−3,045	21,889	$2,654,916
AMZN	Amazon Com Inc	−2,813	40,856	$9,737,619
AIT	Applied Industrial Technologies Inc	−2,262	10,777	$3,644,242
MUSA	Murphy USA Inc.	−2,172	9,391	$5,060,528
CRM	Salesforce, Inc.	−2,130	6,977	$1,093,016
SU	Suncor Energy Inc	−1,979	36,792	$1,974,994
AZN	Astrazeneca PLC	−1,738	4,854	$920,415
BXP	BXP, Inc.	−1,186	7,961	$527,893
TJX	Tjx Companies Inc	−977	7,828	$1,185,942
MTN	Vail Resorts Inc	−606	4,272	$581,632
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
ZBRA	Zebra Technologies Corp	21,281	$5,602,436
ALGT	Allegiant Travel CO	37,934	$4,461,038
MSM	Msc Industrial Direct Co Inc	31,854	$3,789,033
OLLI	Ollie's Bargain Outlet Holdings, Inc.	24,136	$1,855,575
CPRT	Copart Inc	59,608	$1,680,349
NVR	Nvr Inc	76	$517,818
SHW	Sherwin Williams Co	1,362	$468,963
HSY	Hershey Co	1,787	$313,529
TER	Teradyne, Inc	619	$299,496
AXSM	Axsome Therapeutics, Inc.	1,200	$293,724
ROIV	Roivant Sciences Ltd.	5,849	$206,996
FDXF	FedEx Freight Holding Company, Inc.	1,367	$206,417
PLTR	Palantir Technologies Inc.	40	$4,666
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
WIX	Wix.com Ltd.	123,695	$11,141,208
SYY	Sysco Corp	51,711	$3,688,545
JBI	Janus International Group, Inc.	483,211	$2,488,536
NLOP	Net Lease Office Properties	133,780	$1,541,145
NKE	NIKE, Inc.	23,672	$1,250,355
BWXT	BWX Technologies, Inc.	5,561	$1,137,168
SBUX	Starbucks Corp	3,875	$347,161
FLO	Flowers Foods Inc	37,751	$307,670
MDLZ	Mondelez International, Inc.	5,118	$295,001
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	797	$255,685
AIG	American International Group, Inc.	1,217	$91,579
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	724	$44,352
UNH	Unitedhealth Group Inc	11	$2,976
—		243,658	$0
—		56,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

139 tracked positions · $457,117,904 total · filing declares 165 positions · $458,969,500 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 139 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
KEX	Kirby Corp Industrials	Reduced	128,374	-17,355	$17,455,012	−9.9%	19	before history	3.82%
GOOGL	Alphabet Inc. PUT + SHARES Communication Services	Reduced	41,613	-2,148	$14,871,237	+18.2%	19	before history	3.25%
SOXX	iShares Semiconductor ETF PUT	NEW	22,500	NEW	$14,417,100	NEW	—	—	3.15%
CRTO	Criteo S.A. Communication Services	Reduced	761,210	-44,799	$13,914,918	−3.7%	14	$25.19	3.04%
AMZN	Amazon Com Inc PUT + SHARES Consumer Cyclical	Reduced	50,856	-2,813	$12,121,019	+8.4%	12	$181.79	2.65%
WOR	Worthington Enterprises, Inc. Industrials	Added	222,561	+10,760	$11,964,879	+8.3%	7	$52.40	2.62%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	23,618	+356	$11,818,211	+6.0%	19	before history	2.59%
HUBG	Hub Group, Inc. Industrials	Reduced	259,419	-38,363	$11,359,958	+5.9%	19	before history	2.49%
LECO	Lincoln Electric Holdings Inc Industrials	Added	34,079	+111	$9,048,315	+6.9%	12	$203.26	1.98%
JKHY	Jack Henry & Associates Inc Technology	Added	65,260	+28,474	$8,988,912	+54.6%	3	$157.48	1.97%
CSX	Csx Corp PUT + SHARES Industrials	Reduced	185,693	-16,879	$8,825,988	+6.1%	19	before history	1.93%
JNJ	Johnson & Johnson PUT + SHARES Healthcare	Reduced	33,143	-3,717	$8,417,327	−6.6%	17	$155.12	1.84%
CSL	Carlisle Companies Inc Industrials	Added	22,178	+1,772	$8,045,069	+18.2%	3	$335.32	1.76%
WHD	Cactus, Inc. Energy	Added	145,421	+3,951	$7,449,917	+11.2%	7	$49.71	1.63%
POOL	Pool Corp Industrials	Reduced	33,118	-3,265	$7,117,058	−3.3%	5	$261.94	1.56%
MSFT	Microsoft Corp PUT + SHARES Technology	Added	18,618	+6,419	$6,944,886	+53.8%	19	before history	1.52%
DIS	Walt Disney Co Communication Services	Added	68,580	+7,565	$6,600,825	+12.2%	19	before history	1.44%
CPA	Copa Holdings, S.A. Industrials	Added	39,119	+85	$6,085,742	+37.2%	19	before history	1.33%
BKNG	Booking Holdings Inc. PUT + SHARES Consumer Cyclical	Added	33,966	+32,901	$6,054,099	+35.0%	14	unpriced	1.32%
ACGL	Arch Capital Group Ltd. Financial Services	Reduced	62,029	-3,589	$6,020,534	−4.4%	19	before history	1.32%
ZBRA	Zebra Technologies Corp Technology	NEW	21,281	NEW	$5,602,436	NEW	1	$235.18	1.23%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	11,167	+1,513	$5,598,687	+18.0%	6	$477.42	1.22%
AXS	Axis Capital Holdings Ltd Financial Services	Added	51,510	+3,474	$5,534,234	+13.6%	19	before history	1.21%
BATRK	Atlanta Braves Holdings, Inc. Communication Services	Held	104,575	0	$5,427,442	+21.5%	12	$39.12	1.19%
GIL	Gildan Activewear Inc. Consumer Cyclical	Added	104,710	+32,005	$5,403,036	+33.5%	3	$60.03	1.18%
MUSA	Murphy USA Inc. Consumer Cyclical	Reduced	9,391	-2,172	$5,060,528	−11.4%	5	$410.23	1.11%
ABT	Abbott Laboratories Healthcare	Added	54,892	+34,106	$4,980,900	+133.4%	19	before history	1.09%
EHC	Encompass Health Corp Healthcare	Added	48,991	+17,105	$4,952,010	+60.6%	19	before history	1.08%
GHC	Graham Holdings Co Industrials	Reduced	4,288	-35	$4,894,408	+7.1%	19	before history	1.07%
IPAR	Interparfums Inc Consumer Defensive	Added	42,301	+3,893	$4,731,789	+35.6%	2	$94.74	1.04%
PEP	Pepsico Inc Consumer Defensive	Added	34,544	+1,201	$4,677,257	−9.7%	19	before history	1.02%
GBX	Greenbrier Companies Inc Industrials	Added	94,828	+2,547	$4,647,520	−4.3%	19	before history	1.02%
AR	ANTERO RESOURCES Corp Energy	Added	128,815	+27,585	$4,526,559	+5.4%	10	$32.52	0.99%
BRKR	Bruker Corp Healthcare	Reduced	74,924	-22,370	$4,508,926	+28.3%	7	$45.60	0.99%
ALGT	Allegiant Travel CO Industrials	NEW	37,934	NEW	$4,461,038	NEW	1	$86.47	0.98%
ALGN	Align Technology Inc PUT + SHARES Healthcare	Reduced	26,015	-1,123	$4,387,689	−5.7%	7	$165.85	0.96%
MOV	Movado Group Inc Consumer Cyclical	Reduced	111,318	-68,082	$4,375,910	−0.1%	8	$19.16	0.96%
PFGC	Performance Food Group Co Consumer Defensive	Reduced	38,902	-271	$4,348,854	+29.6%	19	before history	0.95%
VVV	Valvoline Inc Consumer Cyclical	Held	104,788	0	$4,143,317	+17.4%	15	$36.14	0.91%
C	Citigroup Inc PUT + SHARES Financial Services	Reduced	29,496	-3,101	$4,128,260	+11.7%	15	$50.56	0.90%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Added	18,973	+3,212	$3,971,997	+46.8%	3	$172.67	0.87%
EFX	Equifax Inc Industrials	Added	24,643	+5,069	$3,911,336	+11.0%	2	$192.82	0.86%
MSM	Msc Industrial Direct Co Inc Industrials	NEW	31,854	NEW	$3,789,033	NEW	1	$106.22	0.83%
BAC	Bank Of America Corp PUT + SHARES Financial Services	Added	64,995	+14,930	$3,703,415	+51.7%	19	before history	0.81%
AIT	Applied Industrial Technologies Inc Industrials	Reduced	10,777	-2,262	$3,644,242	+5.3%	19	before history	0.80%
ETSY	Etsy Inc Consumer Cyclical	Held	47,833	0	$3,603,259	+50.7%	3	$57.20	0.79%
EPAM	EPAM Systems, Inc. PUT + SHARES Technology	Added	45,075	+12,528	$3,576,701	−18.8%	9	$153.93	0.78%
NFG	National Fuel Gas Co Energy	Added	45,298	+11,373	$3,497,458	+9.7%	6	$79.21	0.77%
PAL	Proficient Auto Logistics, Inc Industrials	Added	510,840	+98,235	$3,478,820	+24.4%	4	$7.57	0.76%
LMB	Limbach Holdings, Inc. Industrials	Added	45,166	+3,566	$3,477,782	+7.1%	2	$84.09	0.76%

Showing the top 50 of 139 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.