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Portfolio (Quarterly) Guide ↗

VELA Investment Management, LLC

· CIK 0001895612
13F Portfolio $425M AUM 169 positions Filed Feb 2, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 26 New 54 Added 58 Reduced 30 Exited
Page 2 of 2  ·  26 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GOOG Alphabet Inc Communication Services 2,056.0 $645K 0.15% NEW $313.80 +22.2%
22 WDAY PUT Workday Inc Technology 3,000.0 $644K 0.15% NEW $214.78 -41.1%
23 CNC CALL Centene Corp Healthcare 12,500.0 $514K 0.12% NEW $41.15 +40.4%
24 ACGL PUT Arch Capital Group Ltd Financial Services 5,000.0 $480K 0.11% NEW $95.92 +0.2%
25 UNP Union Pacific Corp Industrials 1,675.0 $387K 0.09% NEW $231.32 +14.9%
26 Shift4 Payments Inc. 3,000.0 $240K 0.06% NEW $80.01
Page 2 of 2  ·  26 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 28.8%
Technology 13.2%
Healthcare 10.3%
Communication Services 9.3%
Consumer Cyclical 9.1%
Consumer Defensive 9.1%
Financial Services 8.5%
Energy 7.8%
Basic Materials 2.6%
Real Estate 0.9%