— 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

Q4 2025 · Filed 2026-02-02
Market Value
$364M
+7.6%
Holdings
140
New Purchases
13
Added To
48
Closed
14
Reduced
46
Top 10 Concentration
29.6%
Turnover
19.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CSL 1.38% 0.00% +1.38% $5M
GIL 0.85% 0.00% +0.85% $3M
KEX 4.66% 3.96% +0.70% $17M
JKHY 0.70% 0.00% +0.70% $3M
SSD 0.69% 0.00% +0.69% $3M
BRKRP 1.33% 0.65% +0.68% $5M
TTC 0.61% 0.00% +0.61% $2M
HUBG 3.76% 3.21% +0.55% $14M
ALGN 0.84% 0.32% +0.51% $3M
SPSC 0.49% 0.00% +0.49% $2M
WOR 1.11% 0.63% +0.48% $4M
WHD 1.83% 1.37% +0.46% $7M
TOTB.DE 0.41% 0.00% +0.41% $1M
PPG 0.73% 0.38% +0.35% $3M
PRCT 0.33% 0.00% +0.33% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VVV 1.07% 2.31% -1.24% $4M
GHC 1.48% 2.41% -0.92% $5M
TTEK 0.00% 0.80% -0.80% $0
TER 1.17% 1.81% -0.64% $4M
AGM 0.16% 0.77% -0.61% $578K
SRCE 0.00% 0.61% -0.61% $0
PFGC 0.77% 1.33% -0.56% $3M
AIT 1.46% 1.97% -0.51% $5M
BWXT 0.27% 0.75% -0.48% $984K
FROG 0.00% 0.43% -0.43% $0
RRC 0.64% 1.04% -0.40% $2M
AGI 1.23% 1.58% -0.35% $4M
NOC 0.95% 1.27% -0.32% $3M
SYY 1.74% 2.05% -0.31% $6M
OLLI 0.00% 0.30% -0.30% $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 23 $60M 16.4%
Large Cap 62 $141M 38.6%
Mid Cap 34 $117M 32.3%
Small Cap 18 $42M 11.4%
Micro Cap 3 $5M 1.3%

Portfolio Analytics

Avg Market Cap
$267.0B
Median Market Cap
$15.6B
Avg P/E
30.8
Median P/E
21.2
Avg Dividend Yield
0.03%
Avg Beta
0.98
# 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 4.66% 154,048 $17M $110.18 $4M -6,427 -4.0%
2 HUBG 3.76% 321,415 $14M $42.61 $3M +6,232 +2.0%
3 BRK-B 3.23% 23,410 $12M $502.65 -$83K -160 -0.7%
4 GOOGL 3.22% 37,476 $12M $313.00 $2M -4,593 -10.9%
5 CRTO 3.12% 551,407 $11M $20.61 $2M +121,242 +28.2%
6 WIX 2.80% 97,974 $10M $103.89 -$7K +40,631 +70.9%
7 LECO 2.49% 37,840 $9M $239.64 $796K +2,765 +7.9%
8 AMZN 2.48% 39,184 $9M $230.82 $672K +1,052 +2.8%
9 CSX 1.91% 191,927 $7M $36.25 -$236K -10,649 -5.3%
10 JNJ 1.88% 33,116 $7M $206.95 -$180K -4,817 -12.7%
11 WHD 1.83% 146,042 $7M $45.68 $2M +28,493 +24.2%
12 SYY 1.74% 86,042 $6M $73.69 -$603K +1,715 +2.0%
13 ACGL 1.63% 61,807 $6M $95.92 $452K +1,447 +2.4%
14 DIS 1.63% 52,087 $6M $113.77 $233K +2,369 +4.8%
15 GHC 1.48% 4,919 $5M $1,098.60 -$3M -1,997 -28.9%
16 AIT 1.46% 20,734 $5M $256.77 -$1M -4,808 -18.8%
17 AXS 1.42% 48,136 $5M $107.09 $368K -1,834 -3.7%
18 CSL 1.38% 15,706 $5M $319.86 +15,706 NEW
19 TMO 1.35% 8,508 $5M $579.45 $417K -797 -8.6%
20 BRKRP 1.33% 102,700 $5M $47.11 $3M +34,700 +51.0%
21 PEP 1.30% 32,979 $5M $143.52 -$168K -1,916 -5.5%
22 POOL 1.29% 20,578 $5M $228.75 $1M +9,611 +87.6%
23 CPA 1.24% 37,393 $5M $120.61 $318K +2,117 +6.0%
24 AGI 1.23% 116,144 $4M $38.58 -$852K -36,841 -24.1%
25 AR 1.22% 129,130 $4M $34.46 $368K +7,495 +6.2%
26 GBX 1.19% 92,695 $4M $46.74 $619K +12,269 +15.3%
27 TER 1.17% 22,060 $4M $193.56 -$2M -22,460 -50.5%
28 COKE 1.17% 27,818 $4M $153.30 $714K -2,489 -8.2%
29 WOR 1.11% 78,306 $4M $51.57 $2M +39,725 +103.0%
30 MUSA 1.08% 9,765 $4M $403.52 $1M +3,051 +45.4%
31 ACN 1.07% 14,503 $4M $268.30 $965K +2,636 +22.2%
32 VVV 1.07% 133,756 $4M $29.06 -$4M -83,972 -38.6%
33 MOV 1.05% 185,006 $4M $20.62 $52K -13,345 -6.7%
34 MSFT 0.97% 7,268 $4M $483.65 -$249K
35 NOC 0.95% 6,087 $3M $570.21 -$831K -973 -13.8%
36 SNCY 0.95% 239,179 $3M $14.39 $968K +29,747 +14.2%
37 ABT 0.94% 27,229 $3M $125.29 -$323K -654 -2.4%
38 FIS 0.93% 51,092 $3M $66.46 $294K +4,061 +8.6%
39 FOUR 0.91% 52,752 $3M $62.97 $1M +24,346 +85.7%
40 EPAM 0.90% 15,939 $3M $204.88 $1M +1,253 +8.5%
41 AGO 0.87% 35,109 $3M $89.87 $253K +827 +2.4%
42 GIL 0.85% 49,688 $3M $62.46 +49,688 NEW
43 MAMA 0.84% 226,551 $3M $13.49 -$199K -83,174 -26.9%
44 ALGN 0.84% 19,495 $3M $156.15 $2M +10,803 +124.3%
45 PFGC 0.77% 31,194 $3M $89.92 -$2M -12,089 -27.9%
46 IBP 0.77% 10,759 $3M $259.39 -$100K -961 -8.2%
47 SIBN 0.76% 140,412 $3M $19.72 $690K -810 -0.6%
48 SEB 0.74% 610 $3M $4,444.82 $118K -101 -14.2%
49 PPG 0.73% 25,989 $3M $102.46 $1M +13,628 +110.2%
50 JKHY 0.70% 13,988 $3M $182.48 +13,988 NEW
51 SSD 0.69% 15,505 $3M $161.47 +15,505 NEW
52 SUPN 0.68% 49,910 $2M $49.70 $557K +9,659 +24.0%
53 JBI 0.67% 375,487 $2M $6.54 -$295K +96,762 +34.7%
54 NLOP 0.67% 94,327 $2M $25.79 $287K +21,991 +30.4%
55 SU 0.66% 54,368 $2M $44.36 -$180K -7,631 -12.3%
56 RRC 0.64% 66,496 $2M $35.26 -$1M -26,976 -28.9%
57 GMED 0.64% 26,597 $2M $87.31 $863K +1,114 +4.4%
58 PAL 0.64% 239,980 $2M $9.64 $928K +38,922 +19.4%
59 TTC 0.61% 28,250 $2M $78.72 +28,250 NEW
60 BOKF 0.58% 17,849 $2M $118.46 -$371K -4,451 -20.0%
61 NFG 0.57% 25,806 $2M $80.06 -$69K +2,692 +11.7%
62 META 0.54% 3,000 $2M $660.09 -$383K -218 -6.8%
63 C 0.53% 16,504 $2M $116.69 -$310K -5,528 -25.1%
64 MPLX 0.52% 35,346 $2M $53.37 $93K -560 -1.6%
65 ZTS 0.51% 14,873 $2M $125.82 -$306K -10 -0.1%
66 MET 0.51% 23,444 $2M $78.94 -$231K -1,829 -7.2%
67 CRM 0.50% 6,843 $2M $264.91 $249K +246 +3.7%
68 SPSC 0.49% 20,171 $2M $89.13 +20,171 NEW
69 EHC 0.49% 16,776 $2M $106.14 $20K +2,917 +21.1%
70 IMKTA 0.47% 24,833 $2M $68.55 -$41K -232 -0.9%
71 ABBV 0.47% 7,445 $2M $228.49 -$712K -2,978 -28.6%
72 TDW 0.46% 33,369 $2M $50.51 $140K +4,389 +15.1%
73 DOOO 0.45% 23,335 $2M $70.76 $302K +1,142 +5.2%
74 NOMD 0.42% 122,400 $2M $12.51 $796K +66,500 +119.0%
75 NEU 0.42% 2,211 $2M $687.26 -$210K +123 +5.9%
76 V 0.41% 4,239 $1M $350.71 $40K
77 TOTB.DE 0.41% 22,600 $1M $65.29 +22,600 NEW
78 BKR 0.40% 32,122 $1M $45.54 -$104K -33 -0.1%
79 TJX 0.39% 9,358 $1M $153.61 $51K -237 -2.5%
80 NKE 0.39% 22,495 $1M $63.71 -$135K
81 SCHW 0.39% 14,273 $1M $99.91 $14K -512 -3.5%
82 AMBC 0.38% 178,752 $1M $7.78 -$111K -1,337 -0.7%
83 BAC 0.38% 25,065 $1M $55.00 -$182K -5,190 -17.1%
84 BKNG 0.38% 255 $1M $5,355.33 -$222K -39 -13.3%
85 FDX 0.37% 4,722 $1M $288.86 $161K -379 -7.4%
86 HD 0.37% 3,927 $1M $344.10 -$73K +411 +11.7%
87 ADSK 0.36% 4,470 $1M $296.01 -$97K
88 TSN 0.36% 22,339 $1M $58.62 $350K +4,661 +26.4%
89 PRCT 0.33% 38,238 $1M $31.46 +38,238 NEW
90 NOW 0.32% 7,595 $1M $153.19 -$234K +6,076 +400.0%
91 ETSY 0.31% 20,075 $1M $55.44 +20,075 NEW
92 ARCO 0.30% 151,000 $1M $7.34 $89K
93 GLOB 0.30% 16,800 $1M $65.37 $427K +5,100 +43.6%
94 MMM 0.28% 6,474 $1M $160.10 -$393K -2,735 -29.7%
95 DECK 0.28% 9,903 $1M $103.67 $380K +3,528 +55.3%
96 ADBE 0.28% 2,920 $1M $349.99 $139K +418 +16.7%
97 KKR 0.28% 7,880 $1M $127.48 -$19K
98 NI 0.27% 23,757 $992K $41.76 +23,757 NEW
99 UBER 0.27% 12,096 $988K $81.71 -$197K
100 BWXT 0.27% 5,695 $984K $172.84 -$2M -8,006 -58.4%

Options Breakdown

11 Calls $6M Call Value 41 Puts $47M Put Value 7.37 P/C Ratio

Top Calls

SymbolSharesValueStatus
UNH 8,000 $3M
TSM 4,000 $1M NEW
AIG 10,000 $856K NEW
AXSM 4,000 $731K
CNC 12,500 $514K NEW
IONS 5,000 $396K
CVS $0 SOLD
NVDA $0 SOLD
GMED $0 SOLD
KDP $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 10,000 $7M
ARKK 70,000 $5M NEW
GLD 9,000 $4M NEW
AMZN 10,000 $2M
GOOGL 7,000 $2M
C 18,500 $2M
MSFT 4,000 $2M
FDX 6,000 $2M NEW
META 2,200 $1M
BAC 25,000 $1M

New Positions

SymbolValue% Port
CSL $5M 1.38%
GIL $3M 0.85%
JKHY $3M 0.70%
SSD $3M 0.69%
TTC $2M 0.61%
SPSC $2M 0.49%
TOTB.DE $1M 0.41%
PRCT $1M 0.33%
ETSY $1M 0.31%
NI $992K 0.27%
RKT $834K 0.23%
GOOG $645K 0.18%
UNP $387K 0.11%

Sold Out Positions

SymbolValue% Port
WNC —%
JPM —%
MAS —%
FROG —%
OLLI —%
AVGO —%
NVDA —%
TSLA —%
SRCE —%
PYPL —%
TTEK —%
UHG —%
SEMR —%
COOP —%
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