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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 9  ·  168 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TMO Thermo Fisher Scientific Inc Healthcare 8,508.0 $4.9M 1.16% -797.0 -8.6% $579.45 -22.0%
22 BRKR Bruker Corp Healthcare 102,700.0 $4.8M 1.14% +35K +51.0% $47.11 -4.5%
23 PEP PepsiCo Inc Consumer Defensive 32,979.0 $4.7M 1.11% -2K -5.5% $143.52 +3.7%
24 POOL Pool Corp Industrials 20,578.0 $4.7M 1.11% +10K +87.6% $228.75 -20.5%
25 CPA Copa Holdings SA Industrials 37,393.0 $4.5M 1.06% +2K +6.0% $120.61 +13.6%
26 AGI Alamos Gold Inc Basic Materials 116,144.0 $4.5M 1.05% -37K -24.1% $38.58 +1.7%
27 AR Antero Resources Corp Energy 129,130.0 $4.4M 1.05% +7K +6.2% $34.46 +7.5%
28 GBX Greenbrier Cos Inc/The Industrials 92,695.0 $4.3M 1.02% +12K +15.3% $46.74 +4.2%
29 TER Teradyne Inc Technology 22,060.0 $4.3M 1.00% -22K -50.5% $193.56 +77.9%
30 COKE Coca-Cola Consolidated Inc Consumer Defensive 27,818.0 $4.3M 1.00% -2K -8.2% $153.30 +15.0%
31 WOR Worthington Inc Industrials 78,306.0 $4.0M 0.95% +40K +103.0% $51.57 +6.0%
32 MUSA Murphy USA Inc. Consumer Cyclical 9,765.0 $3.9M 0.93% +3K +45.4% $403.52 +34.9%
33 ACN Accenture PLC Technology 14,503.0 $3.9M 0.92% +3K +22.2% $268.30 -33.7%
34 VVV Valvoline Inc Energy 133,756.0 $3.9M 0.91% -84K -38.6% $29.06 +14.5%
35 MOV Movado Group PLC Consumer Cyclical 185,006.0 $3.8M 0.90% -13K -6.7% $20.62 +33.4%
36 GLD PUT SPDR Gold Shares Financial Services 9,000.0 $3.6M 0.84% NEW $396.31 +5.2%
37 MSFT Microsoft Corp Technology 7,268.0 $3.5M 0.83% $483.65 -13.3%
38 Atlanta Braves Holdings Inc 88,467.0 $3.5M 0.82% +11K +13.5% $39.45
39 NOC Northrop Grumman Corp Industrials 6,087.0 $3.5M 0.82% -973.0 -13.8% $570.21 -3.3%
40 SNCY Sun Country Airlines Holding Industrials 239,179.0 $3.4M 0.81% +30K +14.2% $14.39 +12.4%
Page 2 of 9  ·  168 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%