VELA Investment Management, LLC

CIK

1895612

Location

NEW ALBANY, OH

Portfolio Value

Micro $9,927,493

Diversification

Diversified

Filing Date

Global Rank

#2,550 / 8,232 ▲ 200

Top Industry

Software - Infrastructure 5.1%

3Y Alpha vs SPY

-7.0%

Period ended 2 months ago

Filed May 8, 2026 · 37d

18 quarters · since Dec 2021

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.4%

SPY

+76.3%

Annualised alpha

-7.0%

Max drawdown

−19.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

136 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.6%

+0.5 pts

Top 5

16.7%

+0.3 pts

Top 10

28.7%

+1.4 pts

HHI

149

Diversified+8

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	26.6%	$113,489,082	24
Technology	12.5%	$53,135,601	18
Consumer Cyclical	12.1%	$51,772,051	18
Financial Services	11.3%	$48,272,060	20
Healthcare	10.5%	$44,785,992	18
Communication Services	8.7%	$37,054,063	6
Consumer Defensive	8.2%	$34,879,477	14
Energy	6.7%	$28,514,868	9
Basic Materials	2.3%	$9,927,493	4
Real Estate	0.6%	$2,520,437	3
Utilities	0.3%	$1,354,586	1
Unclassified	0.2%	$817,680	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CRTO	Criteo S.A.	+271,063	822,470	$14,746,887
PAL	Proficient Auto Logistics, Inc	+172,625	412,605	$2,797,461
WOR	Worthington Enterprises, Inc.	+138,803	217,109	$11,320,063
JBI	Janus International Group, Inc.	+118,709	494,196	$2,545,109
NOMD	Nomad Foods Ltd	+64,600	187,000	$1,797,070
SIBN	SI-BONE, Inc.	+46,748	187,160	$2,363,830
WIX	Wix.com Ltd.	+42,191	144,165	$12,984,941
NLOP	Net Lease Office Properties	+39,453	133,780	$1,541,145
PRCT	PROCEPT BioRobotics Corp	+34,801	73,039	$1,826,705
ETSY	Etsy Inc	+29,365	49,440	$2,471,011
GIL	Gildan Activewear Inc.	+26,082	75,770	$4,216,600
JKHY	Jack Henry & Associates Inc	+23,673	37,661	$5,951,944
GLOB	Globant S.A.	+17,300	34,100	$1,572,351
POOL	Pool Corp	+16,742	37,320	$7,550,955
ARCO	Arcos Dorados Holdings Inc.	+16,400	167,400	$1,381,050
EHC	Encompass Health Corp	+16,276	33,052	$3,197,119
AGM	Federal Agricultural Mortgage Corp	+13,064	16,356	$2,426,412
EPAM	EPAM Systems, Inc.	+12,460	33,399	$4,522,224
CSX	Csx Corp	+10,645	202,572	$8,315,580
DECK	Deckers Outdoor Corp	+10,473	25,376	$2,539,883
ACN	Accenture plc	+9,530	27,033	$5,360,373
NFG	National Fuel Gas Co	+9,258	35,064	$3,294,613
DIS	Walt Disney Co	+8,928	61,015	$5,880,625
PFGC	Performance Food Group Co	+7,979	39,173	$3,355,559
IONS	Ionis Pharmaceuticals Inc	+7,500	12,500	$938,625
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MAMA	Mama's Creations, Inc.	−110,855	115,696	$1,774,776
MPLX	Mplx LP	−37,933	16,513	$942,396
FIS	Fidelity National Information Services, Inc.	−35,459	15,633	$733,344
SYY	Sysco Corp	−33,269	52,773	$3,764,298
AGI	Alamos Gold Inc	−28,496	87,648	$3,894,200
VVV	Valvoline Inc	−24,990	108,766	$3,663,238
AR	ANTERO RESOURCES Corp	−24,644	104,486	$4,434,385
COKE	Coca-Cola Consolidated, Inc.	−17,944	9,874	$1,893,240
HUBG	Hub Group, Inc.	−17,256	304,159	$10,961,890
SU	Suncor Energy Inc	−15,597	38,771	$2,563,150
SBUX	Starbucks Corp	−14,873	3,875	$347,161
RKT	Rocket Companies, Inc.	−8,211	34,876	$496,983
AIT	Applied Industrial Technologies Inc	−7,417	13,317	$3,533,266
ABT	Abbott Laboratories	−6,443	20,786	$2,134,098
KEX	Kirby Corp	−6,150	147,898	$19,652,686
RRC	Range Resources Corp	−5,746	60,750	$2,744,685
MOV	Movado Group Inc	−5,606	179,400	$4,380,948
NOC	Northrop Grumman Corp /De/	−5,188	899	$613,333
FDX	Fedex Corp	−4,986	5,736	$2,043,048
TTE	TotalEnergies SE	−4,600	18,000	$1,637,640
TBBB	Bbb Foods Inc	−4,000	39,100	$1,382,967
ABBV	AbbVie Inc.	−3,991	3,454	$751,210
ZTS	Zoetis Inc.	−3,845	15,528	$1,835,564
LECO	Lincoln Electric Holdings Inc	−3,205	34,635	$8,626,885
IBP	Installed Building Products, Inc.	−2,916	7,843	$2,079,571
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
EFX	Equifax Inc	20,635	$3,715,744
IPAR	Interparfums Inc	39,724	$3,608,528
LW	Lamb Weston Holdings, Inc.	80,739	$3,412,030
LMB	Limbach Holdings, Inc.	43,106	$3,364,423
ESNT	Essent Group Ltd.	40,242	$2,351,742
HLI	Houlihan Lokey, Inc.	16,130	$2,316,590
AZN	Astrazeneca PLC	6,592	$1,300,074
SLV	iShares Silver Trust	12,000	$817,680
PYPL	PayPal Holdings, Inc.	12,500	$565,375
NFLX	Netflix Inc	5,745	$552,381
OWL	Blue Owl Capital Inc.	55,000	$502,150
MA	Mastercard Inc	958	$478,674
DPZ	Dominos Pizza Inc	1,319	$473,244
FLO	Flowers Foods Inc	37,751	$307,670
ZBRA	Zebra Technologies Corp	1,418	$296,475
BRO	Brown & Brown, Inc.	3,982	$259,666
ICLR	Icon PLC	1,994	$220,656
CMPR	CIMPRESS plc	2,743	$200,239
UHG	United Homes Group, Inc.	56,000	$64,960
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	10,327	$7,042,187
TER	Teradyne, Inc	22,060	$4,269,933
GLD	Spdr Gold Trust	9,000	$3,566,790
SEB	Seaboard Corp /De/	610	$2,711,340
BOKF	Bok Financial Corp	17,849	$2,114,392
NEU	Newmarket Corp	2,211	$1,519,531
WDAY	Workday, Inc.	6,835	$1,468,021
OSG	Octave Specialty Group Inc	178,752	$1,390,690
INTC	Intel Corp	30,000	$1,107,000
ADBE	Adobe Inc.	2,920	$1,021,970
GPC	Genuine Parts Co	4,800	$590,208
CNC	Centene Corp	12,500	$514,375
AVY	Avery Dennison Corp	2,596	$472,160
NWE	NorthWestern Energy Group, Inc.	4,233	$273,197
TXN	Texas Instruments Inc	1,353	$234,731
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4 positions · $9,927,493 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AGI	Alamos Gold Inc Basic Materials	Reduced	87,648	-28,496	$3,894,200	−13.1%	39.23%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Added	16,380	+875	$2,811,135	+12.3%	28.32%
PPG	Ppg Industries Inc Basic Materials	Added	26,163	+174	$2,796,301	+5.0%	28.17%
LIN	Linde PLC Basic Materials	Held	859	0	$425,857	+16.3%	4.29%