VELA Investment Management, LLC
13F Reported Value
ⓘ$467.7M
incl. option notional
Equity Holdings
ⓘ$415.6M
Option Notional
ⓘ$52.1M
$49.7M puts / $2.4M calls
Holdings
165
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
VELA Investment Management, LLC disclosed 165 positions worth $467.7M in its Form 13F-HR for Q2 2026 — $415.6M in common stock plus $52.1M of put/call option positions (reported at underlying notional value, not premium at risk), led by $KEX (KIRBY CORP) at 4.3% of the equity portfolio. During the quarter the fund opened 20 new positions and exited 29 and a full exit from $SNCY. The portfolio is most concentrated in Industrials (23.7% of disclosed assets). All figures are sourced directly from VELA Investment Management, LLC’s Form 13F-HR filing with the SEC under CIK 1895612.
AI Fund Analysis
Diversifying
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 63.8#588
Quality
$17.7M130,543 sh iShares Semiconductor ETF - COM PUT
—Quality
$14.4M22,500 sh- —
Quality
$14.2M777,671 sh - 55.9
Quality
$12.3M228,927 sh - 78.2
Quality
$11.8M33,113 sh - 73.8
Quality
$11.8M23,618 sh - 42.3
Quality
$11.6M265,796 sh - 68.7
Quality
$9.7M40,856 sh - 60.1
Quality
$9.3M34,876 sh - 66.2
Quality
$9.2M66,665 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 KIRBY CORP$KEX | 63.8#588 | $17.7M | 130,543 |
| iShares Semiconductor ETF - COM PUT | — | $14.4M | 22,500 |
 Criteo S.A.$CRTO | — | $14.2M | 777,671 |
 WORTHINGTON ENTERPRISES, INC.$WOR | 55.9 | $12.3M | 228,927 |
 Alphabet Inc.$GOOG | 78.2 | $11.8M | 33,113 |
 BERKSHIRE HATHAWAY INC$BRK.B | 73.8 | $11.8M | 23,618 |
 Hub Group, Inc.$HUBG | 42.3 | $11.6M | 265,796 |
 AMAZON COM INC$AMZN | 68.7 | $9.7M | 40,856 |
 LINCOLN ELECTRIC HOLDINGS INC$LECO | 60.1 | $9.3M | 34,876 |
 JACK HENRY & ASSOCIATES INC$JKHY | 66.2 | $9.2M | 66,665 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of VELA Investment Management, LLC's 165 positions.
Showing top 10 of 165 holdings.
Sector Allocation
Industrials
$98.4M
Consumer Discretionary
$58.3M
Technology
$54.0M
Financials
$50.7M
Healthcare
$39.5M
Communication Services
$29.3M
Energy
$29.1M
Consumer Staples
$28.1M
Top Holdings — VELA Investment Management, LLC (Q2 2026)
Top 150 of 165 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $KEX | KIRBY CORP | $17.7M | 4.3% | -9% | 63.8 |
| 2 | — | iShares Semiconductor ETF - COM | $14.4M | — | NEW | — |
| 3 | $CRTO | Criteo S.A. | $14.2M | 3.4% | -5% | — |
| 4 | $WOR | WORTHINGTON ENTERPRISES, INC. | $12.3M | 3.0% | +5% | 55.9 |
| 5 | $GOOG | Alphabet Inc. | $11.8M | 2.9% | -10% | 78.2 |
| 6 | $BRK.B | BERKSHIRE HATHAWAY INC | $11.8M | 2.8% | +2% | 73.8 |
| 7 | $HUBG | Hub Group, Inc. | $11.6M | 2.8% | -13% | 42.3 |
| 8 | $AMZN | AMAZON COM INC | $9.7M | 2.3% | -6% | 68.7 |
| 9 | $LECO | LINCOLN ELECTRIC HOLDINGS INC | $9.3M | 2.2% | +1% | 60.1 |
| 10 | $JKHY | JACK HENRY & ASSOCIATES INC | $9.2M | 2.2% | +77% | 66.2 |
| 11 |  $CSL | CARLISLE COMPANIES INC | $8.3M | 2.0% | +9% | 59.4 |
| 12 |  $CSX | CSX CORP | $7.9M | 1.9% | -9% | 65.2 |
| 13 |  $WHD | Cactus, Inc. | $7.6M | 1.8% | +3% | 59.8 |
| 14 |  $POOL | POOL CORP | $7.3M | 1.8% | -9% | 51.8 |
| 15 |  $JNJ | JOHNSON & JOHNSON | $6.6M | 1.6% | -12% | 69 |
| 16 |  $DIS | Walt Disney Co | $6.6M | 1.6% | +12% | 60.1 |
| 17 |  $ACGL | ARCH CAPITAL GROUP LTD. | $6.3M | 1.5% | -0% | — |
| 18 |  $CPA | Copa Holdings, S.A. | $6.2M | 1.5% | +0% | — |
| 19 |  $ZBRA | ZEBRA TECHNOLOGIES CORP | $5.8M | 1.4% | +1466% | 67.5 |
| 20 |  $BATRA | Atlanta Braves Holdings, Inc. | $5.7M | 1.4% | +0% | 20.5 |
| 21 |  $TMO | THERMO FISHER SCIENTIFIC INC. | $5.6M | 1.4% | +16% | 65.1 |
| 22 |  $GIL | Gildan Activewear Inc. | $5.6M | 1.3% | +42% | — |
| 23 |  $AXS | AXIS CAPITAL HOLDINGS LTD | $5.5M | 1.3% | +7% | — |
| 24 |  $MUSA | Murphy USA Inc. | $5.3M | 1.3% | -18% | 52.7 |
| 25 |  $EHC | Encompass Health Corp | $5.1M | 1.2% | +54% | 66.9 |
| 26 |  $ABT | ABBOTT LABORATORIES | $5.0M | 1.2% | +164% | 65.5 |
| 27 |  $IPAR | INTERPARFUMS INC | $4.9M | 1.2% | +11% | 61.5 |
| 28 |  $GHC | Graham Holdings Co | $4.9M | 1.2% | -1% | 55.9 |
| 29 |  $GBX | GREENBRIER COMPANIES INC | $4.8M | 1.1% | +3% | 38 |
| 30 |  $AR | ANTERO RESOURCES Corp | $4.7M | 1.1% | +29% | 75.4 |
| 31 |  $PEP | PEPSICO INC | $4.7M | 1.1% | +4% | 63.4 |
| 32 |  $BRKR | BRUKER CORP | $4.7M | 1.1% | -23% | 50.8 |
| 33 |  $ALGT | Allegiant Travel CO | $4.5M | 1.1% | NEW | 51.5 |
| 34 |  $MOV | MOVADO GROUP INC | $4.4M | 1.1% | -38% | 55.8 |
| 35 |  $PFGC | Performance Food Group Co | $4.3M | 1.1% | -1% | 55.7 |
| 36 |  $VVV | VALVOLINE INC | $4.3M | 1.0% | +0% | 54.8 |
| 37 |  $BKNG | Booking Holdings Inc. | $4.3M | 1.0% | +2671% | 58.5 |
| 38 |  $SSD | Simpson Manufacturing Co., Inc. | $4.1M | 1.0% | +20% | 59.9 |
| 39 |  $EFX | EQUIFAX INC | $4.1M | 1.0% | +26% | 64.8 |
| 40 |  $MSM | MSC INDUSTRIAL DIRECT CO INC | $3.9M | 0.9% | NEW | 50.2 |
| 41 |  $ALGN | ALIGN TECHNOLOGY INC | $3.8M | 0.9% | +15% | 58.9 |
| 42 |  $ETSY | ETSY INC | $3.7M | 0.9% | +0% | 61.2 |
| 43 |  $AIT | APPLIED INDUSTRIAL TECHNOLOGIES INC | $3.7M | 0.9% | -18% | 58.7 |
| 44 |  $NFG | NATIONAL FUEL GAS CO | $3.6M | 0.9% | +34% | 67.8 |
| 45 |  $LMB | Limbach Holdings, Inc. | $3.6M | 0.9% | +9% | 55.7 |
| 46 |  $MSFT | MICROSOFT CORP | $3.6M | 0.9% | +5% | 79.8 |
| 47 |  $HLI | HOULIHAN LOKEY, INC. | $3.5M | 0.8% | +63% | 67.8 |
| 48 |  $LW | Lamb Weston Holdings, Inc. | $3.5M | 0.8% | +1% | 51.7 |
| 49 |  $PAL | Proficient Auto Logistics, Inc | $3.5M | 0.8% | +24% | — |
| 50 |  $AGM | FEDERAL AGRICULTURAL MORTGAGE CORP | $3.4M | 0.8% | +6% | 57.3 |
| 51 | $MSFTPUT | MICROSOFT CORP | $3.4M | — | +200% | 79.8 |
| 52 |  $SIBN | SI-BONE, Inc. | $3.3M | 0.8% | +7% | 42.7 |
| 53 |  $EPAM | EPAM Systems, Inc. | $3.1M | 0.8% | +49% | 58.9 |
| 54 |  $TTC | TORO CO | $3.1M | 0.7% | +11% | 60.6 |
| 55 | $GOOGPUT | Alphabet Inc. | $3.0M | — | +21% | 78.2 |
| 56 |  $SUPN | SUPERNUS PHARMACEUTICALS, INC. | $3.0M | 0.7% | +25% | 41.9 |
| 57 |  $AGO | ASSURED GUARANTY LTD | $2.9M | 0.7% | +0% | — |
| 58 |  $PPG | PPG INDUSTRIES INC | $2.8M | 0.7% | -12% | 59.1 |
| 59 |  $DOO | BRP Inc. | $2.8M | 0.7% | +61% | — |
| 60 |  $TDW | TIDEWATER INC | $2.7M | 0.7% | +17% | 64.3 |
| 61 |  $RRC | RANGE RESOURCES CORP | $2.7M | 0.6% | +18% | 79.4 |
| 62 |  $PRCT | PROCEPT BioRobotics Corp | $2.7M | 0.6% | +61% | 33.3 |
| 63 |  $ESNT | Essent Group Ltd. | $2.6M | 0.6% | +2% | — |
| 64 |  $CPUT | CITIGROUP INC | $2.6M | — | +0% | 65 |
| 65 | $AMZNPUT | AMAZON COM INC | $2.4M | — | +0% | 68.7 |
| 66 |  $BACPUT | BANK OF AMERICA CORP /DE/ | $2.3M | — | +60% | 67.6 |
| 67 |  $ACN | Accenture plc | $2.3M | 0.6% | -32% | — |
| 68 |  $GMED | GLOBUS MEDICAL INC | $2.3M | 0.5% | +6% | 79.5 |
| 69 |  $ICLR | ICON PLC | $2.2M | 0.5% | +531% | — |
| 70 |  $MET | METLIFE INC | $2.1M | 0.5% | -0% | 56.2 |
| 71 |  $MAMA | Mama's Creations, Inc. | $2.1M | 0.5% | -0% | 62.2 |
| 72 |  $SU | SUNCOR ENERGY INC | $2.0M | 0.5% | -5% | — |
| 73 |  $IBP | Installed Building Products, Inc. | $1.9M | 0.5% | +7% | 56.3 |
| 74 |  $CPAY | CORPAY, INC. | $1.9M | 0.5% | +0% | 70.8 |
| 75 |  $OLLI | Ollie's Bargain Outlet Holdings, Inc. | $1.9M | 0.5% | NEW | 63.4 |
| 76 |  $COKE | Coca-Cola Consolidated, Inc. | $1.9M | 0.5% | +0% | 63.4 |
| 77 |  $CPRT | COPART INC | $1.9M | 0.5% | NEW | 69.1 |
| 78 | $BKNGPUT | Booking Holdings Inc. | $1.8M | — | +4900% | 58.5 |
| 79 | $JNJPUT | JOHNSON & JOHNSON | $1.8M | — | +0% | 69 |
| 80 |  $BKR | Baker Hughes Co | $1.8M | 0.4% | +0% | 60.7 |
| 81 |  $OWLPUT | BLUE OWL CAPITAL INC. | $1.8M | — | +264% | 48.8 |
| 82 |  $TBBB | BBB FOODS INC | $1.7M | 0.4% | +6% | — |
| 83 |  $IMKTA | INGLES MARKETS INC | $1.7M | 0.4% | -24% | 47.9 |
| 84 |  $NOMD | Nomad Foods Ltd | $1.7M | 0.4% | -18% | — |
| 85 |  $ZTS | Zoetis Inc. | $1.7M | 0.4% | +49% | 68.6 |
| 86 |  $AGI | ALAMOS GOLD INC | $1.6M | 0.4% | -40% | — |
| 87 |  $SPSC | SPS COMMERCE INC | $1.6M | 0.4% | +3% | 65.2 |
| 88 |  $META | Meta Platforms, Inc. | $1.6M | 0.4% | -5% | 79.6 |
| 89 | $C | CITIGROUP INC | $1.5M | 0.4% | -22% | 65 |
| 90 |  $HD | HOME DEPOT, INC. | $1.5M | 0.4% | +9% | 60.3 |
| 91 | — | Roundhill Memory ETF - COM | $1.5M | — | NEW | — |
| 92 |  $V | VISA INC. | $1.4M | 0.3% | -0% | 82.9 |
| 93 | $BAC | BANK OF AMERICA CORP /DE/ | $1.4M | 0.3% | -0% | 67.6 |
| 94 |  $GLOB | Globant S.A. | $1.4M | 0.3% | +43% | — |
| 95 |  $PLTRPUT | Palantir Technologies Inc. | $1.4M | — | NEW | 84.6 |
| 96 |  $TTE | TotalEnergies SE | $1.4M | 0.3% | +0% | 50.6 |
| 97 |  $NFLX | NETFLIX INC | $1.4M | 0.3% | +240% | 78.8 |
| 98 |  $NI | NISOURCE INC. | $1.4M | 0.3% | -2% | 62.6 |
| 99 |  $ARCO | Arcos Dorados Holdings Inc. | $1.3M | 0.3% | +0% | — |
| 100 |  $MMMPUT | 3M CO | $1.3M | — | +0% | 64.9 |
| 101 | $METPUT | METLIFE INC | $1.3M | — | +50% | 56.2 |
| 102 |  $FDXPUT | FEDEX CORP | $1.3M | — | +33% | 60.3 |
| 103 | $METAPUT | Meta Platforms, Inc. | $1.2M | — | +0% | 79.6 |
| 104 |  $TSN | TYSON FOODS, INC. | $1.2M | 0.3% | +8% | 57.8 |
| 105 | $MMM | 3M CO | $1.2M | 0.3% | -0% | 64.9 |
| 106 |  $TJX | TJX COMPANIES INC /DE/ | $1.2M | 0.3% | -11% | 68.7 |
| 107 |  $CRMPUT | Salesforce, Inc. | $1.2M | — | +50% | 77 |
| 108 |  $SCHW | SCHWAB CHARLES CORP | $1.1M | 0.3% | -0% | 79.4 |
| 109 |  $ADSK | Autodesk, Inc. | $1.1M | 0.3% | +15% | 78.6 |
| 110 |  $DECK | DECKERS OUTDOOR CORP | $1.1M | 0.3% | +8% | 70 |
| 111 | $BKRPUT | Baker Hughes Co | $1.1M | — | +0% | 60.7 |
| 112 | $CRM | Salesforce, Inc. | $1.1M | 0.3% | -23% | 77 |
| 113 |  $MUCALL | MICRON TECHNOLOGY INC | $1.0M | — | NEW | 86.2 |
| 114 |  $DE | DEERE & CO | $1.0M | 0.3% | -0% | 55.4 |
| 115 |  $UBER | Uber Technologies, Inc | $1.0M | 0.3% | +18% | 73.5 |
| 116 |  $MPLX | MPLX LP | $1.0M | 0.3% | +10% | 70 |
| 117 | $CSXPUT | CSX CORP | $950,600 | — | +0% | 65.2 |
| 118 |  $NOW | ServiceNow, Inc. | $939,983 | 0.2% | +0% | 72.9 |
| 119 |  $AZN | ASTRAZENECA PLC | $920,416 | 0.2% | -26% | — |
| 120 | $FDX | FEDEX CORP | $856,724 | 0.2% | +0% | 60.3 |
| 121 |  $MA | Mastercard Inc | $853,090 | 0.2% | +73% | 85.1 |
| 122 |  $AMD | ADVANCED MICRO DEVICES INC | $841,158 | 0.2% | -9% | 79.8 |
| 123 | $UBERPUT | Uber Technologies, Inc | $721,600 | — | +0% | 73.5 |
| 124 |  $TSMCALL | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $716,355 | — | -81% | — |
| 125 |  $GOOGL | Alphabet Inc. | $710,949 | 0.2% | -2% | 78.2 |
| 126 | $DECKPUT | DECKERS OUTDOOR CORP | $695,030 | — | -53% | 70 |
| 127 |  $MTN | VAIL RESORTS INC | $676,393 | 0.2% | -11% | 41.1 |
| 128 | $ALGNPUT | ALIGN TECHNOLOGY INC | $674,640 | — | -50% | 58.9 |
| 129 |  $ABBV | AbbVie Inc. | $613,498 | 0.1% | -1% | 72.6 |
| 130 |  $MSTRPUT | Strategy Inc | $608,510 | — | NEW | 17.9 |
| 131 |  $MDT | Medtronic plc | $605,031 | 0.1% | +16% | 68.7 |
| 132 | $NOWPUT | ServiceNow, Inc. | $595,680 | — | -25% | 72.9 |
| 133 |  $FIS | Fidelity National Information Services, Inc. | $593,503 | 0.1% | -2% | 68.9 |
| 134 | $ADSKPUT | Autodesk, Inc. | $583,260 | — | -25% | 78.6 |
| 135 |  $KKR | KKR & Co. Inc. | $579,132 | 0.1% | +0% | 54.3 |
| 136 |  $FIBK | FIRST INTERSTATE BANCSYSTEM INC | $563,015 | 0.1% | +0% | 54.6 |
| 137 | $EPAMPUT | EPAM Systems, Inc. | $555,450 | — | +0% | 58.9 |
| 138 |  $SPG | SIMON PROPERTY GROUP INC. | $554,652 | 0.1% | -8% | 76.7 |
| 139 |  $RKT | Rocket Companies, Inc. | $549,297 | 0.1% | +0% | 74.2 |
| 140 |  $BXP | BXP, Inc. | $527,894 | 0.1% | -13% | 59.2 |
| 141 |  $NVR | NVR INC | $517,818 | 0.1% | NEW | 56.3 |
| 142 |  $UNP | UNION PACIFIC CORP | $475,456 | 0.1% | -1% | 69.7 |
| 143 |  $SHW | SHERWIN WILLIAMS CO | $468,964 | 0.1% | NEW | 61.3 |
| 144 |  $NOC | NORTHROP GRUMMAN CORP /DE/ | $457,870 | 0.1% | +0% | 62.9 |
| 145 |  $LIN | LINDE PLC | $445,769 | 0.1% | +0% | — |
| 146 |  $CCZ | COMCAST CORP | $445,141 | 0.1% | +46% | 59.5 |
| 147 |  $PYPLCALL | PayPal Holdings, Inc. | $431,800 | — | -20% | 64.1 |
| 148 |  $DPZ | DOMINOS PIZZA INC | $429,258 | 0.1% | +10% | 60.1 |
| 149 |  $FSKPUT | FS KKR Capital Corp | $420,000 | — | NEW | — |
| 150 |  $FOUR | Shift4 Payments, Inc. | $373,620 | 0.1% | +0% | 62.5 |
New Positions (20)
$ALGT Allegiant Travel CO$4.5M$MSM MSC INDUSTRIAL DIRECT CO INC$3.9M$OLLI Ollie's Bargain Outlet Holdings, Inc.$1.9M$CPRT COPART INC$1.9M$PLTRPUT Palantir Technologies Inc.$1.4M$MUCALL MICRON TECHNOLOGY INC$1.0M$MSTRPUT Strategy Inc$608,510$NVR NVR INC$517,818$SHW SHERWIN WILLIAMS CO$468,964$FSKPUT FS KKR Capital Corp$420,000
$HSY HERSHEY CO$313,529
$TER TERADYNE, INC$299,497
$AXSMPUT Axsome Therapeutics, Inc.$293,724Exited Positions (29)
$SNCY Sun Country Airlines Holdings, LLC
$SYY SYSCO CORP
$JBI Janus International Group, Inc.
$UNHCALL UNITEDHEALTH GROUP INC
$NLOP Net Lease Office Properties
$NKE NIKE, Inc.
$BWXT BWX Technologies, Inc.$TJXPUT TJX COMPANIES INC /DE/
$IONSCALL IONIS PHARMACEUTICALS INC
$WIXCALL Wix.com Ltd.
$SLVPUT iShares Silver Trust$NKEPUT NIKE, Inc.
$AIGCALL AMERICAN INTERNATIONAL GROUP, INC.Browse Top Institutional Investors
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