VELA Investment Management, LLC

NEW ALBANY, OH · CIK 1895612 · 13F filing filed 2026-08-27

SEC-registered investment adviser since 2020 · limited liability company

Assets managed$562.9m
Staff29 · 23 in investment roles
Main clients (by assets)Mutual funds and ETFs 68%, High net worth individuals 23%, Charities 7%
Form ADV · 2026-09-22SEC adviser record

Legal entityVELA INVESTMENT MANAGEMENT, LLC (US)

Kindmutual funds
Others nearbyNew Albany, OH

As an employer

Offices in1 country

US visa salary filings

Filings FY20251
Median salary offered$103,000
Middle half$103,000 – $103,000
Job titles1

Job title	Filings	Median	Range
Quantitative Research Associate/AnalystNew Albany, OH	1	$103,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: VELA Investment Management, LLC.

$406.8m reported value +5.1% vs Q1 2026

132positions

28.1%in top 10

13 new 57 added 43 reduced 15 sold out vs Q1 2026

Options: 4 call positions ($2.4m notional), 27 put positions ($49.7m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	KIRBY CORP COM KEX	KEX	128,374	$17.5m4.29%	4.29%	Reduced -13.4k	-13,355 -9.4%
2	CRITEO S A SPONS ADS CRTO	CRTO	761,210	$13.9m3.42%	3.42%	Reduced -44.8k	-44,799 -5.6%
3	WORTHINGTON ENTERPRISES INC COM WOR	WOR	222,561	$12.0m2.94%	2.94%	Added +10.8k	+10,760 5.1%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	33,113	$11.8m2.91%	2.91%	Reduced -3.6k	-3,648 -9.9%
5	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,618	$11.8m2.90%	2.90%	Added +356	+356 1.5%
6	HUB GROUP INC CL A HUBG	HUBG	259,419	$11.4m2.79%	2.79%	Reduced -38.4k	-38,363 -12.9%
7	AMAZON COM INC COM AMZN	AMZN	40,856	$9.7m2.39%	2.39%	Reduced -2.8k	-2,813 -6.4%
8	LINCOLN ELEC HLDGS INC COM LECO	LECO	34,079	$9.0m2.22%	2.22%	Added +111	+111 0.3%
9	HENRY JACK & ASSOC INC COM JKHY	JKHY	65,260	$9.0m2.21%	2.21%	Added +28.5k	+28,474 77.4%
10	CARLISLE COS INC COM CSL	CSL	22,178	$8.0m1.98%	1.98%	Added +1.8k	+1,772 8.7%
11	CSX CORP COM CSX	CSX	165,693	$7.9m1.94%	1.94%	Reduced -16.9k	-16,879 -9.2%
12	CACTUS INC CL A WHD	WHD	145,421	$7.4m1.83%	1.83%	Added +4.0k	+3,951 2.8%
13	POOL CORP COM POOL	POOL	33,118	$7.1m1.75%	1.75%	Reduced -3.3k	-3,265 -9.0%
14	JOHNSON & JOHNSON COM JNJ	JNJ	26,143	$6.6m1.63%	1.63%	Reduced -3.7k	-3,717 -12.4%
15	DISNEY WALT CO COM DIS	DIS	68,580	$6.6m1.62%	1.62%	Added +7.6k	+7,565 12.4%
16	COPA HOLDINGS SA CL A CPA	CPA	39,119	$6.1m1.50%	1.50%	Added +85	+85 0.2%
17	ARCH CAP GROUP LTD ORD ACGL	ACGL	62,029	$6.0m1.48%	1.48%	Reduced -589	-589 -0.9%
18	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	21,281	$5.6m1.38%	1.38%	New
19	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	11,167	$5.6m1.38%	1.38%	Added +1.5k	+1,513 15.7%
20	AXIS CAP HLDGS LTD SHS AXS	AXS	51,510	$5.5m1.36%	1.36%	Added +3.5k	+3,474 7.2%
21	ATLANTA BRAVES HLDGS INC COM SER C BATRK	BATRK	104,575	$5.4m1.33%	1.33%	Unchanged
22	GILDAN ACTIVEWEAR INC COM GIL	GIL	104,710	$5.4m1.33%	1.33%	Added +32.0k	+32,005 44.0%
23	MURPHY USA INC COM MUSA	MUSA	9,391	$5.1m1.24%	1.24%	Reduced -2.2k	-2,172 -18.8%
24	ABBOTT LABS COM ABT	ABT	54,892	$5.0m1.22%	1.22%	Added +34.1k	+34,106 164.1%
25	ENCOMPASS HEALTH CORP COM EHC	EHC	48,991	$5.0m1.22%	1.22%	Added +17.1k	+17,105 53.6%
26	GRAHAM HLDGS CO COM CL B GHC	GHC	4,288	$4.9m1.20%	1.20%	Reduced -35	-35 -0.8%
27	INTERPARFUMS INC COM IPAR	IPAR	42,301	$4.7m1.16%	1.16%	Added +3.9k	+3,893 10.1%
28	PEPSICO INC COM PEP	PEP	34,544	$4.7m1.15%	1.15%	Added +1.2k	+1,201 3.6%
29	GREENBRIER COS INC COM GBX	GBX	94,828	$4.6m1.14%	1.14%	Added +2.5k	+2,547 2.8%
30	ANTERO RESOURCES CORP COM AR	AR	128,815	$4.5m1.11%	1.11%	Added +27.6k	+27,585 27.2%
31	BRUKER CORP COM BRKR	BRKR	74,924	$4.5m1.11%	1.11%	Reduced -22.4k	-22,370 -23.0%
32	ALLEGIANT TRAVEL CO COM ALGT	ALGT	37,934	$4.5m1.10%	1.10%	New
33	MOVADO GROUP INC COM MOV	MOV	111,318	$4.4m1.08%	1.08%	Reduced -68.1k	-68,082 -38.0%
34	PERFORMANCE FOOD GROUP CO COM PFGC	PFGC	38,902	$4.3m1.07%	1.07%	Reduced -271	-271 -0.7%
35	BOOKING HOLDINGS INC COM BKNG	BKNG	23,966	$4.3m1.05%	1.05%	Added +2.3k	+2,341 10.8%
36	VALVOLINE INC COM VVV	VVV	104,788	$4.1m1.02%	1.02%	Unchanged
37	SIMPSON MFG INC COM SSD	SSD	18,973	$4.0m0.98%	0.98%	Added +3.2k	+3,212 20.4%
38	EQUIFAX INC COM EFX	EFX	24,643	$3.9m0.96%	0.96%	Added +5.1k	+5,069 25.9%
39	MSC INDL DIRECT INC CL A MSM	MSM	31,854	$3.8m0.93%	0.93%	New
40	ALIGN TECHNOLOGY INC COM ALGN	ALGN	22,015	$3.7m0.91%	0.91%	Added +2.9k	+2,877 15.0%
41	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	10,777	$3.6m0.90%	0.90%	Reduced -2.3k	-2,262 -17.4%
42	ETSY INC COM ETSY	ETSY	47,833	$3.6m0.89%	0.89%	Unchanged
43	MICROSOFT CORP COM MSFT	MSFT	9,618	$3.6m0.88%	0.88%	Added +419	+419 4.5%
44	NATIONAL FUEL GAS CO COM NFG	NFG	45,298	$3.5m0.86%	0.86%	Added +11.4k	+11,373 33.5%
45	PROFICIENT AUTO LOGISTICS IN COM PAL	PAL	510,840	$3.5m0.86%	0.86%	Added +98.2k	+98,235 23.8%
46	LIMBACH HLDGS INC COM LMB	LMB	45,166	$3.5m0.85%	0.85%	Added +3.6k	+3,566 8.6%
47	HOULIHAN LOKEY INC CL A HLI	HLI	25,348	$3.4m0.84%	0.84%	Added +9.7k	+9,734 62.3%
48	LAMB WESTON HLDGS INC COM LW	LW	78,694	$3.4m0.84%	0.84%	Added +553	+553 0.7%
49	FEDERAL AGRIC MTG CORP CL C AGM	AGM	16,648	$3.3m0.82%	0.82%	Added +952	+952 6.1%
50	SI-BONE INC COM SIBN	SIBN	201,094	$3.3m0.81%	0.81%	Added +13.9k	+13,934 7.4%
51	EPAM SYS INC COM EPAM	EPAM	38,075	$3.0m0.74%	0.74%	Added +12.5k	+12,528 49.0%
52	TORO CO COM TTC	TTC	30,136	$2.9m0.72%	0.72%	Added +2.6k	+2,633 9.6%
53	SUPERNUS PHARMACEUTICALS INC COM SUPN	SUPN	61,703	$2.9m0.71%	0.71%	Added +12.4k	+12,408 25.2%
54	ASSURED GUARANTY LTD COM AGO	AGO	34,892	$2.8m0.69%	0.69%	Unchanged
55	BRP INC COM SUN VTG DOO	DOO	43,737	$2.7m0.66%	0.66%	Added +16.6k	+16,629 61.3%
56	RANGE RES CORP COM RRC	RRC	71,716	$2.7m0.66%	0.66%	Added +13.4k	+13,362 22.9%
57	PPG INDS INC COM PPG	PPG	21,889	$2.7m0.65%	0.65%	Reduced -3.0k	-3,045 -12.2%
58	TIDEWATER INC NEW COM TDW	TDW	38,540	$2.6m0.63%	0.63%	Added +5.8k	+5,834 17.8%
59	PROCEPT BIOROBOTICS CORP COM PRCT	PRCT	113,722	$2.6m0.63%	0.63%	Added +43.5k	+43,513 62.0%
60	ESSENT GROUP LTD COM ESNT	ESNT	39,299	$2.5m0.62%	0.62%	Added +508	+508 1.3%
61	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	18,276	$2.3m0.56%	0.56%	Reduced -8.8k	-8,757 -32.4%
62	GLOBUS MED INC CL A GMED	GMED	27,221	$2.2m0.53%	0.53%	Added +792	+792 3.0%
63	ICON PLC SHS ICLR	ICLR	12,192	$2.1m0.52%	0.52%	Added +10.2k	+10,198 511.4%
64	METLIFE INC COM MET	MET	25,028	$2.1m0.52%	0.52%	Reduced -68	-68 -0.3%
65	MAMAS CREATIONS INC COM MAMA	MAMA	115,414	$2.1m0.51%	0.51%	Reduced -282	-282 -0.2%
66	SUNCOR ENERGY INC NEW COM SU	SU	36,792	$2.0m0.49%	0.49%	Reduced -2.0k	-1,979 -5.1%
67	INSTALLED BLDG PRODS INC COM IBP	IBP	8,391	$1.9m0.47%	0.47%	Added +548	+548 7.0%
68	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	24,136	$1.9m0.46%	0.46%	New
69	COCA COLA CONS INC COM COKE	COKE	9,591	$1.8m0.45%	0.45%	Unchanged
70	CORPAY INC COM SHS CPAY	CPAY	5,368	$1.8m0.44%	0.44%	Added +25	+25 0.5%
71	BAKER HUGHES COMPANY CL A BKR	BKR	31,764	$1.8m0.43%	0.43%	Unchanged
72	BBB FOODS INC CL A COM TBBB	TBBB	41,600	$1.7m0.43%	0.43%	Added +2.5k	+2,500 6.4%
73	INGLES MKTS INC CL A IMKTA	IMKTA	19,209	$1.7m0.42%	0.42%	Reduced -6.0k	-5,954 -23.7%
74	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	153,600	$1.7m0.41%	0.41%	Reduced -33.4k	-33,400 -17.9%
75	COPART INC COM CPRT	CPRT	59,608	$1.7m0.41%	0.41%	New
76	ALAMOS GOLD INC NEW COM CL A AGI	AGI	53,000	$1.6m0.40%	0.40%	Reduced -33.3k	-33,285 -38.6%
77	ZOETIS INC CL A ZTS	ZTS	22,297	$1.6m0.39%	0.39%	Added +6.8k	+6,769 43.6%
78	META PLATFORMS INC CL A META	META	2,768	$1.6m0.38%	0.38%	Reduced -161	-161 -5.5%
79	CITIGROUP INC COM NEW C	C	10,996	$1.5m0.38%	0.38%	Reduced -3.1k	-3,101 -22.0%
80	HOME DEPOT INC COM HD	HD	4,293	$1.5m0.37%	0.37%	Added +366	+366 9.3%
81	SPS COMM INC COM SPSC	SPSC	26,091	$1.5m0.37%	0.37%	Added +400	+400 1.6%
82	VISA INC COM CL A V	V	4,225	$1.4m0.36%	0.36%	Reduced -14	-14 -0.3%
83	BANK AMERICA CORP COM BAC	BAC	24,995	$1.4m0.35%	0.35%	Reduced -70	-70 -0.3%
84	GLOBANT S A COM GLOB	GLOB	48,900	$1.4m0.35%	0.35%	Added +14.8k	+14,800 43.4%
85	TOTALENERGIES SE ACT TTE	TTE	18,000	$1.4m0.34%	0.34%	Unchanged
86	NETFLIX INC COM NFLX	NFLX	19,543	$1.4m0.34%	0.34%	Added +13.8k	+13,798 240.2%
87	NISOURCE INC COM NI	NI	28,463	$1.4m0.33%	0.33%	Reduced -568	-568 -2.0%
88	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	167,400	$1.3m0.33%	0.33%	Unchanged
89	TYSON FOODS INC CL A TSN	TSN	21,558	$1.2m0.30%	0.30%	Added +1.6k	+1,610 8.1%
90	3M CO COM MMM	MMM	7,409	$1.2m0.29%	0.29%	Reduced -8	-8 -0.1%
91	TJX COS INC NEW COM TJX	TJX	7,828	$1.2m0.29%	0.29%	Reduced -977	-977 -11.1%
92	SCHWAB CHARLES CORP COM SCHW	SCHW	12,410	$1.1m0.28%	0.28%	Reduced -16	-16 -0.1%
93	AUTODESK INC COM ADSK	ADSK	5,777	$1.1m0.28%	0.28%	Added +749	+749 14.9%
94	SALESFORCE INC COM CRM	CRM	6,977	$1.1m0.27%	0.27%	Reduced -2.1k	-2,130 -23.4%
95	DEERE & CO COM DE	DE	1,635	$1.0m0.25%	0.25%	Reduced -6	-6 -0.4%
96	UBER TECHNOLOGIES INC COM UBER	UBER	14,246	$1.0m0.25%	0.25%	Added +2.2k	+2,154 17.8%
97	MPLX LP COM UNIT REP LTD MPLX	MPLX	18,164	$1.0m0.25%	0.25%	Added +1.7k	+1,651 10.0%
98	DECKERS OUTDOOR CORP COM DECK	DECK	9,985	$991.4k0.24%	0.24%	Added +422	+422 4.4%
99	SERVICENOW INC COM NOW	NOW	9,468	$940.0k0.23%	0.23%	Unchanged
100	ASTRAZENECA PLC ORD AZN	AZN	4,854	$920.4k0.23%	0.23%	Reduced -1.7k	-1,738 -26.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
WIX COM LTD WIX	WIX	123,695	$11.1m123.7k shares
SUN CTRY AIRLS HLDGS INC SNCY	SNCY	243,658	$4.0m243.7k shares
SYSCO CORP SYY	SYY	51,711	$3.7m51.7k shares
JANUS INTERNATIONAL GROUP IN JBI	JBI	483,211	$2.5m483.2k shares
NET LEASE OFFICE PROPERTIES NLOP	NLOP	133,780	$1.5m133.8k shares
NIKE INC NKE	NKE	23,672	$1.3m23.7k shares
BWX TECHNOLOGIES INC BWXT	BWXT	5,561	$1.1m5.6k shares
STARBUCKS CORP SBUX	SBUX	3,875	$347.1k3.9k shares
FLOWERS FOODS INC FLO	FLO	37,751	$307.7k37.8k shares
MONDELEZ INTL INC MDLZ	MDLZ	5,118	$295.0k5.1k shares
VANGUARD INDEX FDS VTI	VTI	797	$255.7k797 shares
AMERICAN INTL GROUP INC AIG	AIG	1,217	$91.6k1.2k shares
UNITED HOMES GROUP INC UHG	UHG	56,000	$65.0k56.0k shares
SELECT SECTOR SPDR TR XLE	XLE	724	$44.4k724 shares
UNITEDHEALTH GROUP INC UNH	UNH	11	$3.0k11 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES TR SOXX · Put	SOXX	Put	22,500	$14.4m22.5k shares	New
MICROSOFT CORP MSFT · Put	MSFT	Put	9,000	$3.4m9.0k shares	Added
ALPHABET INC GOOGL · Put	GOOGL	Put	8,500	$3.0m8.5k shares	Added
CITIGROUP INC C · Put	C	Put	18,500	$2.6m18.5k shares	Unchanged
AMAZON COM INC AMZN · Put	AMZN	Put	10,000	$2.4m10.0k shares	Unchanged
BANK AMERICA CORP BAC · Put	BAC	Put	40,000	$2.3m40.0k shares	Added
BOOKING HOLDINGS INC BKNG · Put	BKNG	Put	10,000	$1.8m10.0k shares	Added
JOHNSON & JOHNSON JNJ · Put	JNJ	Put	7,000	$1.8m7.0k shares	Unchanged
BLUE OWL CAPITAL INC OWL · Put	OWL	Put	200,000	$1.8m200.0k shares	Added
ROUNDHILL ETF TRUST DRAM · Put	DRAM	Put	20,000	$1.5m20.0k shares	New
PALANTIR TECHNOLOGIES INC PLTR · Put	PLTR	Put	12,000	$1.4m12.0k shares	New
3M CO MMM · Put	MMM	Put	8,000	$1.3m8.0k shares	Unchanged
METLIFE INC MET · Put	MET	Put	15,000	$1.3m15.0k shares	Added
FEDEX CORP FDX · Put	FDX	Put	4,000	$1.3m4.0k shares	Added
META PLATFORMS INC META · Put	META	Put	2,200	$1.2m2.2k shares	Unchanged
SALESFORCE INC CRM · Put	CRM	Put	7,500	$1.2m7.5k shares	Added
BAKER HUGHES COMPANY BKR · Put	BKR	Put	20,000	$1.1m20.0k shares	Unchanged
MICRON TECHNOLOGY INC MU · Call	MU	Call	900	$1.0m900 shares	New
CSX CORP CSX · Put	CSX	Put	20,000	$950.6k20.0k shares	Unchanged
UBER TECHNOLOGIES INC UBER · Put	UBER	Put	10,000	$721.6k10.0k shares	Unchanged
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	1,500	$716.4k1.5k shares	Reduced
DECKERS OUTDOOR CORP DECK · Put	DECK	Put	7,000	$695.0k7.0k shares	Reduced
ALIGN TECHNOLOGY INC ALGN · Put	ALGN	Put	4,000	$674.6k4.0k shares	Reduced
MICROSTRATEGY INC MSTR · Put	MSTR	Put	7,000	$608.5k7.0k shares	New
SERVICENOW INC NOW · Put	NOW	Put	6,000	$595.7k6.0k shares	Reduced