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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 8 of 9  ·  165 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 NVR NVR Inc Consumer Cyclical 76.0 $518K 0.11% NEW $6813.39 -7.0%
142 UNP Union Pacific Corp Industrials 1,748.0 $475K 0.10% +73.0 +4.4% $272.00 +13.7%
143 SHW Sherwin Williams Co Basic Materials 1,362.0 $469K 0.10% NEW $344.32 +1.1%
144 NOC Northrop Grumman Corp Industrials 899.0 $458K 0.10% -5K -85.2% $509.31 +6.7%
145 LIN Linde PLC Shs Basic Materials 859.0 $446K 0.10% $518.94 -6.4%
146 CMCSA Comcast Corp Communication Services 18,132.0 $445K 0.10% +6K +46.3% $24.55 +11.2%
147 PYPL CALL PayPal Holdings Inc Financial Services 10,000.0 $432K 0.09% NEW $43.18 +44.0%
148 DPZ Dominos Pizza Inc Consumer Cyclical 1,450.0 $429K 0.09% NEW $296.04 +18.4%
149 FSK PUT FS KKR Capital Corp. Financial Services 40,000.0 $420K 0.09% NEW $10.50 +14.2%
150 Shift4 Payments Inc. 6,000.0 $374K 0.08% +3K +100.0% $62.27
151 WCC Wesco Intl Inc Industrials 1,060.0 $366K 0.08% -86.0 -7.5% $345.43 -1.1%
152 GRMN Garmin Ltd Technology 1,510.0 $359K 0.08% $237.54 +21.5%
153 FOUR Shift 4 Payments Inc. Cl A Technology 6,567.0 $319K 0.07% -46K -87.5% $48.64 +2.5%
154 HSY Hershey Co/The Consumer Defensive 1,787.0 $314K 0.07% NEW $175.45 +6.2%
155 VOO Vanguard S&P 500 ETF 446.0 $307K 0.07% NEW $687.47 +2.4%
156 TER Teradyne Inc Technology 619.0 $299K 0.06% -21K -97.2% $483.84 -23.8%
157 AXSM Axsome Therapeutics Inc. Healthcare 1,200.0 $294K 0.06% NEW $244.77 -16.6%
158 AXSM PUT Axsome Therapeutics Inc. Healthcare 1,200.0 $294K 0.06% NEW $244.77 -16.6%
159 BRO Brown & Brown Inc Financial Services 4,392.0 $282K 0.06% NEW $64.15 +14.5%
160 CMPR Cimpress PLC Euro Communication Services 2,743.0 $279K 0.06% NEW $101.70 -14.9%
Page 8 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%