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Portfolio (Quarterly) Guide ↗

VELA Investment Management, LLC

· CIK 0001895612
13F Portfolio $425M AUM 169 positions Filed Feb 2, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 26 New 54 Added 58 Reduced 30 Exited
Page 2 of 3  ·  54 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 FOUR Shift 4 Payments Inc. Cl A Technology 52,752.0 $3.3M 0.78% +24K +85.7% $62.97 -30.9%
22 EPAM EPAM Systems Inc Technology 15,939.0 $3.3M 0.77% +1K +8.5% $204.88 -49.6%
23 AGO Assured Guaranty Ltd Financial Services 35,109.0 $3.2M 0.74% +827.0 +2.4% $89.87 -12.5%
24 ALGN Align Technology Inc Healthcare 19,495.0 $3.0M 0.72% +11K +124.3% $156.15 +4.4%
25 PPG PPG Industries Inc Basic Materials 25,989.0 $2.7M 0.63% +14K +110.2% $102.46 +1.9%
26 UNH CALL UnitedHealth Group Inc Healthcare 8,000.0 $2.6M 0.62% +6K +300.0% $330.11 +16.1%
27 SUPN Supernus Pharmaceuticals Inc. Healthcare 49,910.0 $2.5M 0.58% +10K +24.0% $49.70 -2.0%
28 JBI Janus International Group IN Industrials 375,487.0 $2.5M 0.58% +97K +34.7% $6.54 -21.6%
29 NLOP Net Lease Office Properties Real Estate 94,327.0 $2.4M 0.57% +22K +30.4% $25.79 -54.2%
30 Globus Med Inc Cl A 26,597.0 $2.3M 0.55% +1K +4.4% $87.31
31 PAL Proficient Auto Logistics Inc Industrials 239,980.0 $2.3M 0.54% +39K +19.4% $9.64 -47.1%
32 AMZN PUT Amazon.com Inc Consumer Cyclical 10,000.0 $2.3M 0.54% +1K +11.1% $230.82 +16.3%
33 NFG National Fuel Gas Co NJ Energy 25,806.0 $2.1M 0.49% +3K +11.7% $80.06 +1.5%
34 CRM Salesforce Inc Technology 6,843.0 $1.8M 0.43% +246.0 +3.7% $264.91 -33.4%
35 EHC Encompass Health Corp Healthcare 16,776.0 $1.8M 0.42% +3K +21.1% $106.14 -1.6%
36 TDW Tidewater Inc Energy 33,369.0 $1.7M 0.40% +4K +15.1% $50.51 +67.4%
37 DOO BRP INC/CA- Sub-Voting Consumer Cyclical 23,335.0 $1.7M 0.39% +1K +5.2% $70.76 -22.6%
38 NOMD Nomad Foods LTD Consumer Defensive 122,400.0 $1.5M 0.36% +66K +119.0% $12.51 -19.0%
39 NEU NewMarket Corp Basic Materials 2,211.0 $1.5M 0.36% +123.0 +5.9% $687.26 +4.8%
40 BBB Foods Inc 43,100.0 $1.4M 0.34% +3K +6.4% $33.39
Page 2 of 3  ·  54 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Industrials 28.8%
Technology 13.2%
Healthcare 10.3%
Communication Services 9.3%
Consumer Cyclical 9.1%
Consumer Defensive 9.1%
Financial Services 8.5%
Energy 7.8%
Basic Materials 2.6%
Real Estate 0.9%