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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 4 of 9  ·  172 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 FOUR Shift 4 Payments Inc. Cl A Technology 28,406.0 $2.2M 0.54% NEW $77.40 -43.8%
62 ZTS Zoetis Inc Healthcare 14,883.0 $2.2M 0.53% NEW $146.32 -45.5%
63 NLOP Net Lease Office Properties Real Estate 72,336.0 $2.1M 0.52% NEW $29.66 -60.1%
64 WOR Worthington Inc Industrials 38,581.0 $2.1M 0.52% NEW $55.49 -1.5%
65 NFG National Fuel Gas Co NJ Energy 23,114.0 $2.1M 0.52% NEW $92.37 -12.0%
66 MET MetLife Inc Financial Services 25,273.0 $2.1M 0.51% NEW $82.37 +2.3%
67 SIBN SI-BONE Inc Healthcare 141,222.0 $2.1M 0.51% NEW $14.72 +0.7%
68 SRCE 1st Source Corp Financial Services 33,308.0 $2.1M 0.50% NEW $61.56 +19.4%
69 C PUT Citigroup Inc Financial Services 19,500.0 $2.0M 0.48% NEW $101.50 +23.3%
70 AMZN PUT Amazon.com Inc Consumer Cyclical 9,000.0 $2.0M 0.48% NEW $219.57 +22.3%
71 SUPN Supernus Pharmaceuticals Inc. Healthcare 40,251.0 $1.9M 0.47% NEW $47.79 +1.9%
72 JNJ PUT Johnson & Johnson Healthcare 10,000.0 $1.9M 0.45% NEW $185.42 +25.0%
73 MPLX MPLX LP Energy 35,906.0 $1.8M 0.44% NEW $49.95 +11.4%
74 EHC Encompass Health Corp Healthcare 13,859.0 $1.8M 0.43% NEW $127.02 -17.8%
75 IMKTA Ingles Markets Inc. - Class A Consumer Defensive 25,065.0 $1.7M 0.42% NEW $69.56 +25.6%
76 NEU NewMarket Corp Basic Materials 2,088.0 $1.7M 0.42% NEW $828.21 -13.0%
77 BKNG Booking Holdings Inc Consumer Cyclical 294.0 $1.6M 0.39% NEW $5399.27 -97.0%
78 NKE NIKE Inc Consumer Cyclical 22,495.0 $1.6M 0.38% NEW $69.73 -36.3%
79 BKR Baker Hughes Co Energy 32,155.0 $1.6M 0.38% NEW $48.72 +35.1%
80 CRM Salesforce Inc Technology 6,597.0 $1.6M 0.38% NEW $237.00 -25.6%
Page 4 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%