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VELA Investment Management, LLC

220 MARKET ST. SUITE 208, NEW ALBANY, OH 43054 • 6146538352

Q2 2025 · Filed 2025-07-29
Market Value
$329M
+15.7%
Holdings
138
-2
New Purchases
13
Added To
66
Closed
10
Reduced
34
Top 10 Concentration
29.0%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VVV 2.40% 1.41% +0.99% $8M
POOL 0.96% 0.00% +0.96% $3M
TER 1.25% 0.60% +0.64% $4M
BRK-B 4.28% 3.65% +0.63% $14M
BRKRP 1.55% 1.01% +0.54% $5M
FOUR 0.51% 0.00% +0.51% $2M
IBP 0.70% 0.20% +0.50% $2M
WHD 1.53% 1.04% +0.50% $5M
ALGN 1.07% 0.61% +0.45% $4M
NEU 0.44% 0.00% +0.44% $1M
WNC 0.90% 0.50% +0.40% $3M
WIX 1.46% 1.08% +0.38% $5M
AMZN 2.52% 2.18% +0.33% $8M
KEX 4.96% 4.63% +0.33% $16M
DOOO 0.33% 0.00% +0.33% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CIVI 0.00% 1.21% -1.21% $0
GHC 2.01% 2.82% -0.81% $7M
SBUX 0.45% 1.13% -0.68% $1M
COKE 1.35% 1.87% -0.53% $4M
JNJ 1.78% 2.30% -0.52% $6M
PEP 1.07% 1.58% -0.51% $4M
CASY 0.00% 0.39% -0.39% $0
ABT 1.17% 1.53% -0.35% $4M
GTX 0.00% 0.35% -0.35% $0
AGI 1.23% 1.58% -0.35% $4M
JBHT 0.11% 0.42% -0.31% $370K
ABBV 0.60% 0.89% -0.29% $2M
ADSK 0.46% 0.75% -0.29% $2M
NOC 1.14% 1.42% -0.29% $4M
SEB 0.63% 0.92% -0.29% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Industrials 29.3%
Financial Services 11.0%
Technology 10.8%
Consumer Cyclical 10.3%
Healthcare 9.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 18 $57M 17.2%
Large Cap 70 $137M 41.7%
Mid Cap 31 $95M 28.7%
Small Cap 18 $39M 11.9%
Micro Cap 1 $1M 0.4%

Portfolio Analytics

Avg Market Cap
$172.3B
Median Market Cap
$22.5B
Avg P/E
29.5
Median P/E
20.8
Avg Dividend Yield
0.03%
Avg Beta
0.93
# Stocks
137
# ETFs / Funds
1

Top Holdings (138 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KEX 4.96% 143,860 $16M $113.41 $3M +13,606 +10.4%
2 BRK-B 4.28% 29,030 $14M $485.77 $4M +9,543 +49.0%
3 HUBG 3.14% 309,220 $10M $33.43 $1M +59,483 +23.8%
4 GOOGL 2.66% 49,686 $9M $176.23 $1M -60 -0.1%
5 CRTO 2.56% 351,940 $8M $23.96 $2M +163,196 +86.5%
6 AMZN 2.52% 37,753 $8M $219.39 $2M +5,106 +15.6%
7 LECO 2.51% 39,863 $8M $207.32 $2M +6,504 +19.5%
8 VVV 2.40% 208,970 $8M $37.87 $4M +93,578 +81.1%
9 SYY 2.01% 87,238 $7M $75.74 $256K +2,597 +3.1%
10 GHC 2.01% 6,977 $7M $946.17 -$1M -1,366 -16.4%
11 DIS 1.89% 50,271 $6M $124.01 $2M +3,353 +7.2%
12 JNJ 1.78% 38,273 $6M $152.75 -$687K -1,123 -2.9%
13 AIT 1.74% 24,584 $6M $232.45 $804K +2,794 +12.8%
14 CSX 1.73% 174,103 $6M $32.63 $1M +19,591 +12.7%
15 ACGL 1.57% 56,820 $5M $91.05 -$29K +2,726 +5.0%
16 BRKRP 1.55% 123,591 $5M $41.20 $2M +54,928 +80.0%
17 WHD 1.53% 115,440 $5M $43.72 $2M +51,158 +79.6%
18 PFGC 1.47% 55,305 $5M $87.47 $1M +8,704 +18.7%
19 WIX 1.46% 30,432 $5M $158.46 $2M +11,560 +61.2%
20 AXS 1.40% 44,458 $5M $103.82 $423K +2,636 +6.3%
21 COKE 1.35% 39,735 $4M $111.65 -$896K +35,785 +906.0%
22 TER 1.25% 45,700 $4M $89.92 $2M +24,897 +119.7%
23 AGI 1.23% 152,430 $4M $26.56 -$441K -15,477 -9.2%
24 CPA 1.19% 35,741 $4M $109.97 $690K +699 +2.0%
25 ABT 1.17% 28,425 $4M $136.01 -$481K -4,344 -13.3%
26 MSFT 1.15% 7,632 $4M $497.40 $807K -329 -4.1%
27 GBX 1.14% 81,364 $4M $46.05 $323K +14,512 +21.7%
28 NOC 1.14% 7,485 $4M $500.00 -$310K -430 -5.4%
29 FIS 1.10% 44,479 $4M $81.41 $285K -196 -0.4%
30 PEP 1.07% 26,765 $4M $132.04 -$961K -3,215 -10.7%
31 ALGN 1.07% 18,540 $4M $189.33 $2M +7,540 +68.5%
32 TTEK 1.05% 96,363 $3M $35.96 $1M +23,632 +32.5%
33 RRC 1.04% 84,176 $3M $40.67 $604K +13,567 +19.2%
34 T 0.97% 110,609 $3M $28.94 $73K +3
35 POOL 0.96% 10,891 $3M $291.48 +10,891 NEW
36 MOV 0.93% 199,760 $3M $15.25 $649K +56,363 +39.3%
37 AGO 0.91% 34,428 $3M $87.10 -$34K
38 EHC 0.91% 24,411 $3M $122.63 $89K -4,267 -14.9%
39 AGM 0.91% 15,350 $3M $194.28 $548K +2,368 +18.2%
40 WNC 0.90% 277,206 $3M $10.63 $2M +148,666 +115.7%
41 MO 0.89% 50,193 $3M $58.63 -$70K
42 AR 0.87% 71,024 $3M $40.28 $593K +14,944 +26.6%
43 MAMA 0.86% 339,726 $3M $8.30 -$281K -136,627 -28.7%
44 NKE 0.81% 37,685 $3M $71.04 $959K +10,626 +39.3%
45 META 0.79% 3,519 $3M $738.09 $563K -11 -0.3%
46 SNCY 0.75% 211,048 $2M $11.75 $894K +82,302 +63.9%
47 SU 0.75% 66,147 $2M $37.45 -$28K +1,449 +2.2%
48 BWXT 0.74% 17,021 $2M $144.06 $832K +598 +3.6%
49 SIBN 0.72% 126,174 $2M $18.82 $654K +3,503 +2.9%
50 JBI 0.71% 287,443 $2M $8.14 $653K +53,155 +22.7%
51 ZTS 0.70% 14,827 $2M $155.95 $209K +2,050 +16.0%
52 IBP 0.70% 12,750 $2M $180.32 $2M +9,469 +288.6%
53 TMO 0.69% 5,622 $2M $405.46 $1M +3,263 +138.3%
54 BOKF 0.67% 22,561 $2M $97.63 -$58K +854 +3.9%
55 SCHW 0.64% 23,196 $2M $91.24 $307K +76 +0.3%
56 SRCE 0.63% 33,487 $2M $62.07 $145K +1,156 +3.6%
57 SEB 0.63% 724 $2M $2,861.20 -$531K -241 -25.0%
58 WOR 0.61% 31,363 $2M $63.64 $436K +213 +0.7%
59 ABBV 0.60% 10,558 $2M $185.62 -$564K -1,487 -12.3%
60 MPLX 0.57% 36,685 $2M $51.51 -$43K +565 +1.6%
61 C 0.57% 22,032 $2M $85.12 $58K -3,565 -13.9%
62 BKNG 0.54% 308 $2M $5,789.24 $364K
63 MET 0.53% 21,738 $2M $80.42 $179K +2,193 +11.2%
64 NFG 0.52% 20,361 $2M $84.71 $184K +902 +4.6%
65 FOUR 0.51% 16,905 $2M $99.11 +16,905 NEW
66 NOW 0.47% 1,519 $2M $1,028.08 $352K
67 ADSK 0.46% 4,930 $2M $309.57 -$616K -3,253 -39.8%
68 V 0.46% 4,225 $2M $355.05 -$201K -630 -13.0%
69 ACN 0.45% 4,991 $1M $298.89 $197K +841 +20.3%
70 ASH 0.45% 29,586 $1M $50.28 -$548K -4,747 -13.8%
71 MMM 0.45% 9,761 $1M $152.24 -$83K -926 -8.7%
72 SBUX 0.45% 16,098 $1M $91.63 -$2M -16,690 -50.9%
73 NLOP 0.45% 45,215 $1M $32.55 $581K +16,834 +59.3%
74 SEMR 0.45% 162,020 $1M $9.05 $4K +5,248 +3.4%
75 NEU 0.44% 2,112 $1M $690.86 +2,112 NEW
76 BAC 0.43% 30,185 $1M $47.32 $54K -2,757 -8.4%
77 FROG 0.42% 31,617 $1M $43.88 -$518K -27,925 -46.9%
78 BKR 0.40% 34,333 $1M $38.34 -$190K +66 +0.2%
79 DE 0.40% 2,588 $1M $508.49 $95K -14 -0.5%
80 HD 0.39% 3,516 $1M $366.64 $527
81 CRM 0.39% 4,692 $1M $272.69 $20K
82 NOMD 0.38% 74,000 $1M $16.99 $120K +16,100 +27.8%
83 TJX 0.36% 9,572 $1M $123.49 -$70K -711 -6.9%
84 UBER 0.35% 12,252 $1M $93.30 $175K -1,029 -7.8%
85 KKR 0.34% 8,360 $1M $133.03 $880K +6,351 +316.1%
86 OLLI 0.34% 8,396 $1M $131.78 -$481K -5,246 -38.5%
87 DOOO 0.33% 22,420 $1M $48.47 +22,420 NEW
88 LYB 0.32% 18,028 $1M $57.86 $226K +6,421 +55.3%
89 ANTM 0.32% 2,674 $1M $388.96 -$123K
90 FDX 0.31% 4,535 $1M $227.31 $27K +418 +10.2%
91 EPAM 0.31% 5,818 $1M $176.82 $105K +346 +6.3%
92 TSN 0.30% 17,678 $989K $55.94 -$139K
93 IMKTA 0.28% 14,516 $920K $63.38 +14,516 NEW
94 CFR 0.28% 7,148 $919K $128.54 -$129K -1,225 -14.6%
95 MUSA 0.28% 2,232 $908K $406.80 +2,232 NEW
96 AMBC 0.26% 122,770 $872K $7.10 $63K +30,358 +32.9%
97 ADBE 0.26% 2,209 $855K $386.88 $88K +210 +10.5%
98 ARCO 0.24% 102,000 $805K $7.89 +102,000 NEW
99 PYPL 0.24% 10,552 $784K $74.32 $93K -41 -0.4%
100 ONTO 0.22% 7,296 $736K $100.93 -$405K -2,112 -22.4%

Options Breakdown

3 Calls $892K Call Value 32 Puts $32M Put Value 35.33 P/C Ratio

Top Calls

SymbolSharesValueStatus
ADBE 1,500 $580K
UNH 1,000 $312K NEW
TSLA $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 7,500 $5M
MSFT 5,000 $2M
NOW 1,700 $2M
C 20,500 $2M
META 2,200 $2M
ARKK 22,000 $2M NEW
JNJ 10,000 $2M NEW
NKE 20,000 $1M NEW
BAC 27,500 $1M
BKNG 200 $1M

New Positions

SymbolValue% Port
POOL $3M 0.96%
FOUR $2M 0.51%
NEU $1M 0.44%
DOOO $1M 0.33%
IMKTA $920K 0.28%
MUSA $908K 0.28%
ARCO $805K 0.24%
DECK $548K 0.17%
PPG $518K 0.16%
BXP $319K 0.10%
AMD $292K 0.09%
WCC $212K 0.06%
UNH $1K —%

Sold Out Positions

SymbolValue% Port
DOW —%
NSC —%
FLO —%
CASY —%
DNLI —%
GTX —%
KHC —%
RCKT —%
CIVI —%
SIRO —%
View SEC EDGAR Filings for VELA Investment Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms