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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 8 of 9  ·  172 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 IONS CALL Ionis Pharmaceuticals Inc Healthcare 7,500.0 $491K 0.12% NEW $65.42 +15.8%
142 LIN Linde PLC Shs Basic Materials 968.0 $460K 0.11% NEW $475.00 +8.3%
143 TER PUT Teradyne Inc Technology 3,100.0 $427K 0.10% NEW $137.64 +150.2%
144 MTN Vail Resorts Inc Consumer Cyclical 2,844.0 $425K 0.10% NEW $149.57 -15.2%
145 UHG United Homes Group Inc. CL A Consumer Cyclical 100,000.0 $413K 0.10% NEW $4.13 -70.5%
146 JPM JPMorgan Chase & Co Financial Services 1,215.0 $383K 0.09% NEW $315.43 -3.9%
147 SPG Simon Property Group Inc Real Estate 1,988.0 $373K 0.09% NEW $187.67 +8.8%
148 CALL Globus Med Inc Cl A 6,500.0 $372K 0.09% NEW $57.27
149 GRMN Garmin Ltd Technology 1,510.0 $372K 0.09% NEW $246.22 -2.6%
150 FIBK First Interstate Bancsys-A Financial Services 11,501.0 $367K 0.09% NEW $31.87 +10.4%
151 AXSM CALL Axsome Therapeutics Inc. Healthcare 3,000.0 $364K 0.09% NEW $121.45 +92.4%
152 CMCSA Comcast Corp Communication Services 11,376.0 $357K 0.09% NEW $31.42 -20.2%
153 BXP Boston Properties Inc Real Estate 4,728.0 $351K 0.09% NEW $74.34 -19.1%
154 AMD Advanced Micro Devices Inc Technology 2,099.0 $340K 0.08% NEW $161.79 +177.9%
155 TSLA CALL Tesla Inc Consumer Cyclical 700.0 $311K 0.08% NEW $444.72 -6.2%
156 AMD PUT Advanced Micro Devices Inc Technology 1,900.0 $307K 0.07% NEW $161.79 +177.9%
157 MDLZ Mondelez International Inc Consumer Defensive 4,900.0 $306K 0.07% NEW $62.47 -1.6%
158 CVS CALL CVS Health Corp Healthcare 4,000.0 $302K 0.07% NEW $75.39 +23.8%
159 LYB PUT LyondellBasell Industries NV Basic Materials 6,000.0 $294K 0.07% NEW $49.04 +42.9%
160 AIG American Intl Group Inc Financial Services 3,594.0 $282K 0.07% NEW $78.54 +0.1%
Page 8 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%