VELA Investment Management, LLC

Q4 2025 13F-HR Holdings

Location
New Albany, OH
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
168
Total value ($000)
$425,048
Net value change ($000)
+15,109 (3.7%)
New positions
15
Sold out positions
15
Turnover %
10.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CSL 5,024 NEW
KEX 3,581 26.7%
GIL 3,104 NEW
HUBG 2,840 26.2%
BRKR 2,629 119.0%
JKHY 2,553 NEW
SSD 2,504 NEW
TTC 2,224 NEW
WHD 2,031 43.8%
ALGN 1,956 179.8%
Top Reduces (Value $000, Stocks/ETFs)
VVV -3,932 -50.3%
INDV -3,436 -100.0%
GHC -2,738 -33.6%
TTEK -2,697 -100.0%
SRCE -2,050 -100.0%
AGM -2,032 -77.9%
TER -1,858 -30.3%
PFGC -1,698 -37.7%
BWXT -1,542 -61.0%
FROG -1,444 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 53,182 (12.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type