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Portfolio (Quarterly) Guide ↗

VELA Investment Management, LLC

· CIK 0001895612
13F Portfolio $468M AUM 167 positions Filed Aug 3, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 39 New 71 Added 43 Reduced 42 Exited
Page 2 of 9  ·  165 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TMO Thermo Fisher Scientific Inc Healthcare 11,167.0 $5.6M 1.20% +3K +31.2% $501.36 +25.4%
22 GIL Gildan Activewear Inc Consumer Cyclical 107,941.0 $5.6M 1.19% +58K +117.2% $51.60 +6.5%
23 AXS Axis Capital Holdings Ltd Financial Services 51,510.0 $5.5M 1.18% +3K +7.0% $107.44 -7.5%
24 MUSA Murphy USA Inc. Consumer Cyclical 9,760.0 $5.3M 1.12% $538.87 +5.4%
25 EHC Encompass Health Corp Healthcare 50,925.0 $5.1M 1.10% +34K +203.6% $101.08 +19.6%
26 ABT Abbott Laboratories Healthcare 54,892.0 $5.0M 1.06% +28K +101.6% $90.74 +28.6%
27 IPAR Interparfums Inc Consumer Defensive 44,004.0 $4.9M 1.05% NEW $111.86 +4.4%
28 GHC Graham Holdings Co Consumer Defensive 4,288.0 $4.9M 1.05% -631.0 -12.8% $1141.42 +3.0%
29 GBX Greenbrier Cos Inc/The Industrials 97,816.0 $4.8M 1.02% +5K +5.5% $49.01 -6.0%
30 AR Antero Resources Corp Energy 134,472.0 $4.7M 1.01% +5K +4.1% $35.14 +7.9%
31 PEP PepsiCo Inc Consumer Defensive 34,544.0 $4.7M 1.00% +2K +4.8% $135.40 +6.8%
32 BRKR Bruker Corp Healthcare 77,459.0 $4.7M 1.00% -25K -24.6% $60.18 -5.3%
33 ALGT Allegiant Travel Co Industrials 37,934.0 $4.5M 0.95% NEW $117.60 -30.6%
34 MOV Movado Group PLC Consumer Cyclical 111,318.0 $4.4M 0.94% -74K -39.8% $39.31 -11.7%
35 PFGC Performance Food Group Co Consumer Defensive 38,902.0 $4.3M 0.93% +8K +24.7% $111.79 -5.4%
36 VVV Valvoline Inc Energy 108,766.0 $4.3M 0.92% -25K -18.7% $39.54 -15.6%
37 BKNG Booking Holdings Inc Consumer Cyclical 23,966.0 $4.3M 0.91% +24K +9298.4% $178.24 +19.7%
38 SSD Simpson Manufacturing Co Inc. Industrials 19,664.0 $4.1M 0.88% +4K +26.8% $209.35 -10.4%
39 EFX Equifax Inc Industrials 25,925.0 $4.1M 0.88% NEW $158.72 +22.6%
40 MSM MSC Industrial Direct Inc Cl A Industrials 32,636.0 $3.9M 0.83% NEW $118.95 +0.3%
Page 2 of 9  ·  165 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 31.9%
Healthcare 12.1%
Consumer Cyclical 10.1%
Communication Services 9.5%
Financial Services 8.9%
Technology 8.8%
Consumer Defensive 8.7%
Energy 7.9%
Basic Materials 1.4%
Utilities 0.4%