VELA Investment Management, LLC

Q4 2025 13F-HR/A Holdings

Location
New Albany, OH
Holdings as of
12/31/2025
Date filed
8/27/2026
Form type
13F-HR/A - RESTATEMENT
Num holdings
168
Total value ($000)
$420,565
Net value change ($000)
+10,626 (2.6%)
New positions
15
Sold out positions
15
Turnover %
10.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: 8/27/2026 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 4,900 NEW
KEX 3,349 25.0%
GIL 3,024 NEW
HUBG 2,637 24.3%
BRKR 2,550 115.4%
JKHY 2,490 NEW
SSD 2,430 NEW
TTC 2,141 NEW
WHD 1,928 41.6%
ALGN 1,895 174.2%
Top Reduces (Value $000, Stocks/ETFs)
VVV -4,028 -51.5%
INDV -3,436 -100.0%
GHC -2,738 -33.6%
TTEK -2,697 -100.0%
AGM -2,108 -80.8%
SRCE -2,050 -100.0%
TER -1,858 -30.3%
PFGC -1,698 -37.7%
BWXT -1,542 -61.0%
AIT -1,446 -21.7%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 53,182 (12.6% 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.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type