— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

VELA Investment Management, LLC

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

Q3 2025 · Filed 2025-10-30
Market Value
$338M
+2.8%
Holdings
140
+2
New Purchases
12
Added To
47
Closed
13
Reduced
56
Top 10 Concentration
29.2%
Turnover
17.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WIX 3.01% 1.46% +1.55% $10M
TMO 1.33% 0.69% +0.64% $5M
SUPN 0.57% 0.00% +0.57% $2M
TER 1.81% 1.25% +0.56% $6M
MUSA 0.77% 0.28% +0.49% $3M
TDW 0.46% 0.00% +0.46% $2M
GMED 0.43% 0.00% +0.43% $1M
ACN 0.87% 0.45% +0.41% $3M
PAL 0.41% 0.00% +0.41% $1M
GHC 2.41% 2.01% +0.40% $8M
CSX 2.13% 1.73% +0.40% $7M
PEP 1.45% 1.07% +0.38% $5M
GOOGL 3.02% 2.66% +0.36% $10M
AGI 1.58% 1.23% +0.35% $5M
EPAM 0.65% 0.31% +0.34% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KEX 3.96% 4.96% -1.00% $13M
T 0.00% 0.97% -0.97% $0
MO 0.00% 0.89% -0.89% $0
BRKRP 0.65% 1.55% -0.89% $2M
BRK-B 3.50% 4.28% -0.78% $12M
ALGN 0.32% 1.07% -0.74% $1M
WNC 0.19% 0.90% -0.70% $654K
ASH 0.00% 0.45% -0.45% $0
SEMR 0.03% 0.45% -0.42% $87K
EHC 0.52% 0.91% -0.39% $2M
NKE 0.46% 0.81% -0.35% $2M
LYB 0.00% 0.32% -0.32% $0
ANTM 0.00% 0.32% -0.32% $0
COKE 1.05% 1.35% -0.30% $4M
CFR 0.00% 0.28% -0.28% $0

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 22 $60M 17.6%
Large Cap 66 $132M 39.1%
Mid Cap 32 $104M 30.6%
Small Cap 17 $39M 11.5%
Micro Cap 3 $4M 1.2%

Portfolio Analytics

Avg Market Cap
$235.9B
Median Market Cap
$20.5B
Avg P/E
32.4
Median P/E
20.9
Avg Dividend Yield
0.03%
Avg Beta
0.96
# Stocks
138
# ETFs / Funds
2

Top Holdings (140 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 KEX 3.96% 160,475 $13M $83.45 -$3M +16,615 +11.6%
2 BRK-B 3.50% 23,570 $12M $502.74 -$2M -5,460 -18.8%
3 HUBG 3.21% 315,183 $11M $34.44 $518K +5,963 +1.9%
4 GOOGL 3.02% 42,069 $10M $243.10 $1M -7,617 -15.3%
5 WIX 3.01% 57,343 $10M $177.63 $5M +26,911 +88.4%
6 CRTO 2.87% 430,165 $10M $22.60 $1M +78,225 +22.2%
7 AMZN 2.48% 38,132 $8M $219.57 $90K +379 +1.0%
8 LECO 2.45% 35,075 $8M $235.83 $7K -4,788 -12.0%
9 GHC 2.41% 6,916 $8M $1,177.31 $2M -61 -0.9%
10 VVV 2.31% 217,728 $8M $35.91 -$95K +8,758 +4.2%
11 CSX 2.13% 202,576 $7M $35.51 $2M +28,473 +16.4%
12 JNJ 2.08% 37,933 $7M $185.42 $1M -340 -0.9%
13 SYY 2.05% 84,327 $7M $82.34 $336K -2,911 -3.3%
14 AIT 1.97% 25,542 $7M $261.05 $953K +958 +3.9%
15 TER 1.81% 44,520 $6M $137.64 $2M -1,180 -2.6%
16 DIS 1.68% 49,718 $6M $114.50 -$541K -553 -1.1%
17 ACGL 1.62% 60,360 $5M $90.73 $303K +3,540 +6.2%
18 AGI 1.58% 152,985 $5M $34.86 $1M +555 +0.4%
19 PEP 1.45% 34,895 $5M $140.44 $1M +8,130 +30.4%
20 AXS 1.42% 49,970 $5M $95.80 $171K +5,512 +12.4%
21 WHD 1.37% 117,549 $5M $39.47 -$407K +2,109 +1.8%
22 TMO 1.33% 9,305 $5M $485.02 $2M +3,683 +65.5%
23 PFGC 1.33% 43,283 $5M $104.04 -$334K -12,022 -21.7%
24 NOC 1.27% 7,060 $4M $609.32 $559K -425 -5.7%
25 CPA 1.24% 35,276 $4M $118.82 $261K -465 -1.3%
26 AR 1.21% 121,635 $4M $33.56 $1M +50,611 +71.3%
27 MSFT 1.11% 7,268 $4M $517.96 -$32K -364 -4.8%
28 MOV 1.11% 198,351 $4M $18.97 $716K -1,409 -0.7%
29 ABT 1.10% 27,883 $4M $133.94 -$131K -542 -1.9%
30 GBX 1.10% 80,426 $4M $46.17 -$34K -938 -1.1%
31 COKE 1.05% 30,307 $4M $117.16 -$886K -9,428 -23.7%
32 RRC 1.04% 93,472 $4M $37.64 $95K +9,296 +11.0%
33 POOL 1.01% 10,967 $3M $310.07 $226K +76 +0.7%
34 MAMA 0.96% 309,725 $3M $10.51 $435K -30,001 -8.8%
35 FIS 0.92% 47,031 $3M $65.94 -$520K +2,552 +5.7%
36 ACN 0.87% 11,867 $3M $246.60 $1M +6,876 +137.8%
37 AGO 0.86% 34,282 $3M $84.65 -$97K -146 -0.4%
38 IBP 0.85% 11,720 $3M $246.66 $592K -1,030 -8.1%
39 JBI 0.81% 278,725 $3M $9.87 $411K -8,718 -3.0%
40 TTEK 0.80% 80,787 $3M $33.38 -$769K -15,576 -16.2%
41 AGM 0.77% 15,539 $3M $167.98 -$372K +189 +1.2%
42 MUSA 0.77% 6,714 $3M $388.26 $2M +4,482 +200.8%
43 SEB 0.77% 711 $3M $3,647.00 $522K -13 -1.8%
44 SU 0.77% 61,999 $3M $41.81 $115K -4,148 -6.3%
45 BWXT 0.75% 13,701 $3M $184.37 $74K -3,320 -19.5%
46 BOKF 0.73% 22,300 $2M $111.44 $282K -261 -1.2%
47 SNCY 0.73% 209,432 $2M $11.81 -$6K -1,616 -0.8%
48 ABBV 0.71% 10,423 $2M $231.54 $454K -135 -1.3%
49 META 0.70% 3,218 $2M $734.38 -$234K -301 -8.6%
50 C 0.66% 22,032 $2M $101.50 $361K
51 EPAM 0.65% 14,686 $2M $150.79 $1M +8,868 +152.4%
52 BRKRP 0.65% 68,000 $2M $32.49 -$3M -55,591 -45.0%
53 FOUR 0.65% 28,406 $2M $77.40 $523K +11,501 +68.0%
54 ZTS 0.64% 14,883 $2M $146.32 -$135K +56 +0.4%
55 NLOP 0.63% 72,336 $2M $29.66 $674K +27,121 +60.0%
56 WOR 0.63% 38,581 $2M $55.49 $145K +7,218 +23.0%
57 NFG 0.63% 23,114 $2M $92.37 $410K +2,753 +13.5%
58 MET 0.62% 25,273 $2M $82.37 $334K +3,535 +16.3%
59 SIBN 0.61% 141,222 $2M $14.72 -$296K +15,048 +11.9%
60 SRCE 0.61% 33,308 $2M $61.56 -$28K -179 -0.5%
61 SUPN 0.57% 40,251 $2M $47.79 +40,251 NEW
62 MPLX 0.53% 35,906 $2M $49.95 -$96K -779 -2.1%
63 EHC 0.52% 13,859 $2M $127.02 -$1M -10,552 -43.2%
64 IMKTA 0.52% 25,065 $2M $69.56 $823K +10,549 +72.7%
65 NEU 0.51% 2,088 $2M $828.21 $270K -24 -1.1%
66 BKNG 0.47% 294 $2M $5,399.27 -$196K -14 -4.5%
67 NKE 0.46% 22,495 $2M $69.73 -$1M -15,190 -40.3%
68 BKR 0.46% 32,155 $2M $48.72 $250K -2,178 -6.3%
69 CRM 0.46% 6,597 $2M $237.00 $284K +1,905 +40.6%
70 BAC 0.46% 30,255 $2M $51.59 $133K +70 +0.2%
71 TDW 0.46% 28,980 $2M $53.33 +28,980 NEW
72 AMBC 0.44% 180,089 $2M $8.34 $630K +57,319 +46.7%
73 GMED 0.43% 25,483 $1M $57.27 +25,483 NEW
74 V 0.43% 4,239 $1M $341.38 -$53K +14 +0.3%
75 FROG 0.43% 30,503 $1M $47.33 $56K -1,114 -3.5%
76 MMM 0.42% 9,209 $1M $155.18 -$57K -552 -5.7%
77 HD 0.42% 3,516 $1M $405.19 $136K
78 ADSK 0.42% 4,470 $1M $317.67 -$106K -460 -9.3%
79 SCHW 0.42% 14,785 $1M $95.47 -$705K -8,411 -36.3%
80 NOW 0.41% 1,519 $1M $920.28 -$164K
81 TJX 0.41% 9,595 $1M $144.54 $205K +23 +0.2%
82 PAL 0.41% 201,058 $1M $6.89 +201,058 NEW
83 DOOO 0.40% 22,193 $1M $60.78 $262K -227 -1.0%
84 PPG 0.38% 12,361 $1M $105.11 $781K +7,806 +171.4%
85 FDX 0.36% 5,101 $1M $235.81 $172K +566 +12.5%
86 DE 0.35% 2,592 $1M $457.26 -$131K +4 +0.1%
87 UBER 0.35% 12,096 $1M $97.97 $42K -156 -1.3%
88 SBUX 0.33% 13,386 $1M $84.60 -$343K -2,712 -16.9%
89 ALGN 0.32% 8,692 $1M $125.22 -$2M -9,848 -53.1%
90 KKR 0.30% 7,880 $1M $129.95 -$88K -480 -5.7%
91 OLLI 0.30% 7,970 $1M $128.40 -$83K -426 -5.1%
92 ARCO 0.30% 151,000 $1M $6.75 $214K +49,000 +48.0%
93 TSN 0.28% 17,678 $960K $54.30 -$29K
94 WDAY 0.27% 3,835 $923K $240.73 $217K +892 +30.3%
95 ADBE 0.26% 2,502 $883K $352.75 $28K +293 +13.3%
96 MAS 0.26% 12,465 $877K $70.39 $227K +2,352 +23.3%
97 COOP 0.24% 3,917 $826K $210.79 $241K
98 NOMD 0.22% 55,900 $735K $13.15 -$522K -18,100 -24.5%
99 MDT 0.21% 7,459 $710K $95.24 $68K +93 +1.3%
100 PYPL 0.21% 10,592 $710K $67.06 -$74K +40 +0.4%

Options Breakdown

9 Calls $4M Call Value 37 Puts $58M Put Value 13.45 P/C Ratio

Top Calls

SymbolSharesValueStatus
NVDA 7,000 $1M NEW
UNH 2,000 $691K
KDP 20,000 $510K NEW
IONS 7,500 $491K NEW
GMED 6,500 $372K NEW
AXSM 3,000 $364K NEW
TSLA 700 $311K NEW
CVS 4,000 $302K NEW
ADBE $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 24,000 $16M
GOOGL 16,000 $4M
MSFT 7,000 $4M
NVDA 15,500 $3M NEW
META 3,200 $2M
ACN 9,000 $2M
C 19,500 $2M
AMZN 9,000 $2M NEW
JNJ 10,000 $2M
BAC 27,500 $1M

New Positions

SymbolValue% Port
SUPN $2M 0.57%
TDW $2M 0.46%
GMED $1M 0.43%
PAL $1M 0.41%
GLOB $671K 0.20%
UHG $413K 0.12%
FIBK $367K 0.11%
VTI $262K 0.08%
NWE $248K 0.07%
NVDA $108K 0.03%
TSLA $12K —%
AVGO $9K —%

Sold Out Positions

SymbolValue% Port
T —%
LYB —%
ASH —%
MO —%
UPS —%
ONTO —%
CFR —%
JBHT —%
HALO —%
EA —%
MCHP —%
MRVI —%
ANTM —%
View SEC EDGAR Filings for VELA Investment Management, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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