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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 5 of 9  ·  172 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 BAC Bank of America Corp Financial Services 30,255.0 $1.6M 0.38% NEW $51.59 -0.2%
82 TDW Tidewater Inc Energy 28,980.0 $1.5M 0.38% NEW $53.33 +58.6%
83 OSG AMBAC Financial Group, Inc. Financial Services 180,089.0 $1.5M 0.37% NEW $8.34 -31.2%
84 Globus Med Inc Cl A 25,483.0 $1.5M 0.36% NEW $57.27
85 V Visa Inc Financial Services 4,239.0 $1.4M 0.35% NEW $341.38 -3.1%
86 FROG JFrog Ltd Technology 30,503.0 $1.4M 0.35% NEW $47.33 +50.9%
87 MMM 3M Co Industrials 9,209.0 $1.4M 0.35% NEW $155.18 -2.3%
88 HD Home Depot Inc/The Consumer Cyclical 3,516.0 $1.4M 0.35% NEW $405.19 -22.6%
89 ADSK Autodesk Inc Technology 4,470.0 $1.4M 0.35% NEW $317.67 -24.4%
90 BAC PUT Bank of America Corp Financial Services 27,500.0 $1.4M 0.35% NEW $51.59 -0.2%
91 SCHW Charles Schwab Corp/The Financial Services 14,785.0 $1.4M 0.34% NEW $95.47 -5.6%
92 NOW ServiceNow Inc Technology 1,519.0 $1.4M 0.34% NEW $920.28 -89.2%
93 MMM PUT 3M Co Industrials 9,000.0 $1.4M 0.34% NEW $155.18 -2.3%
94 TJX TJX Cos Inc/The Consumer Cyclical 9,595.0 $1.4M 0.34% NEW $144.54 +10.1%
95 PAL Proficient Auto Logistics Inc Industrials 201,058.0 $1.4M 0.34% NEW $6.89 -26.0%
96 NOW PUT ServiceNow Inc Technology 1,500.0 $1.4M 0.34% NEW $920.28 -89.2%
97 V PUT Visa Inc Financial Services 4,000.0 $1.4M 0.33% NEW $341.38 -3.1%
98 DOO BRP INC/CA- Sub-Voting Consumer Cyclical 22,193.0 $1.3M 0.33% NEW $60.78 -9.9%
99 NVDA CALL Nvidia Corp Technology 7,000.0 $1.3M 0.32% NEW $186.58 +17.6%
100 PPG PPG Industries Inc Basic Materials 12,361.0 $1.3M 0.32% NEW $105.11 -0.7%
Page 5 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%