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Portfolio (Quarterly) Guide ↗

VELA Investment Management, LLC

· CIK 0001895612
13F Portfolio $410M AUM Filed Oct 30, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 172 New
Page 2 of 9  ·  172 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AXS Axis Capital Holdings Ltd Financial Services 49,970.0 $4.8M 1.17% NEW $95.80 +5.1%
22 WHD Cactus Inc. A Energy 117,549.0 $4.6M 1.13% NEW $39.47 +57.5%
23 TMO Thermo Fisher Scientific Inc Healthcare 9,305.0 $4.5M 1.10% NEW $485.02 -6.9%
24 PFGC Performance Food Group Co Consumer Defensive 43,283.0 $4.5M 1.10% NEW $104.04 -9.0%
25 NOC Northrop Grumman Corp Industrials 7,060.0 $4.3M 1.05% NEW $609.32 -9.5%
26 CPA Copa Holdings SA Industrials 35,276.0 $4.2M 1.02% NEW $118.82 +15.4%
27 AR Antero Resources Corp Energy 121,635.0 $4.1M 1.00% NEW $33.56 +10.4%
28 GOOGL PUT Alphabet Inc Communication Services 16,000.0 $3.9M 0.95% NEW $243.10 +59.5%
29 MSFT Microsoft Corp Technology 7,268.0 $3.8M 0.92% NEW $517.96 -19.1%
30 MOV Movado Group PLC Consumer Cyclical 198,351.0 $3.8M 0.92% NEW $18.97 +45.0%
31 ABT Abbott Laboratories Healthcare 27,883.0 $3.7M 0.91% NEW $133.94 -34.5%
32 GBX Greenbrier Cos Inc/The Industrials 80,426.0 $3.7M 0.91% NEW $46.17 +5.5%
33 MSFT PUT Microsoft Corp Technology 7,000.0 $3.6M 0.88% NEW $517.95 -19.1%
34 COKE Coca-Cola Consolidated Inc Consumer Defensive 30,307.0 $3.6M 0.87% NEW $117.16 +50.5%
35 RRC Range Resources Corp Energy 93,472.0 $3.5M 0.86% NEW $37.64 +11.8%
36 Indivior PLC 142,511.0 $3.4M 0.84% NEW $24.11
37 POOL Pool Corp Industrials 10,967.0 $3.4M 0.83% NEW $310.07 -41.4%
38 MAMA Mama's Creations Inc Consumer Defensive 309,725.0 $3.3M 0.79% NEW $10.51 +40.0%
39 Atlanta Braves Holdings Inc 77,960.0 $3.2M 0.79% NEW $41.59
40 FIS Fidelity National Information Technology 47,031.0 $3.1M 0.76% NEW $65.94 -33.8%
Page 2 of 9  ·  172 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 26.3%
Technology 12.8%
Consumer Defensive 11.2%
Financial Services 10.4%
Energy 9.3%
Healthcare 9.2%
Communication Services 8.8%
Consumer Cyclical 8.2%
Basic Materials 2.7%
Real Estate 0.9%