VELA Investment Management, LLC
Long book
$394.3M
Q1 2026
Positions
136
Top-10 weight
29%
concentration
Last quarter
+5.7%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsVELA Investment Management, LLC is an institutional manager, running a $394.3M US long book across 136 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: KIRBY CORP, CRITEO SA-SPON ADR, WIX.COM LTD, WORTHINGTON ENTERPRISES INC, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.0%
Q2 2024
+6.3%
Q3 2024
-0.1%
Q4 2024
-2.0%
Q1 2025
+3.9%
Q2 2025
+3.9%
Q3 2025
+4.5%
Q4 2025
-0.3%
Q1 2026
+5.7%
Sector allocation
Industrials 28%
Technology 12%
Consumer discretionary 11%
Financials 11%
Services media 9%
Healthcare 9%
Other 9%
Energy 4%
Long book by quarter
What does VELA Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KEX KIRBY CORP | Industrials | 143.9K | $19.1M | 4.8% | -6.6% |
| WIX WIX.COM LTD | Technology | 126.1K | $11.4M | 2.9% | +28.7% |
| WOR WORTHINGTON ENTERPRISES INC | Industrials | 217.1K | $11.3M | 2.9% | +177.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.3K | $11.1M | 2.8% | -0.6% |
| HUBG HUB GROUP INC-CL A | Industrials | 304.2K | $11.0M | 2.8% | -5.4% |
| GOOGL ALPHABET INC-CL A | Technology | 36.8K | $10.6M | 2.7% | -1.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 43.7K | $9.1M | 2.3% | +11.4% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 34.6K | $8.6M | 2.2% | -8.5% |
| POOL POOL CORP | Consumer discretionary | 37.3K | $7.6M | 1.9% | +81.4% |
| CSX CSX CORP | Industrials | 182.6K | $7.5M | 1.9% | -4.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 29.9K | $7.3M | 1.9% | -9.8% |
| CSL CARLISLE COS INC | Other | 21.0K | $7.0M | 1.8% | +33.7% |
| WHD CACTUS INC - A | Industrials | 144.7K | $6.9M | 1.7% | -0.9% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 64.6K | $6.2M | 1.6% | +4.6% |
| JKHY JACK HENRY & ASSOCIATES INC | Technology | 37.7K | $6.0M | 1.5% | +169.2% |
| MUSA MURPHY USA INC | Consumer discretionary | 11.9K | $5.9M | 1.5% | +22.2% |
| DIS WALT DISNEY CO/THE | Services media | 61.0K | $5.9M | 1.5% | +17.1% |
| ACN ACCENTURE PLC-CL A | Services media | 27.0K | $5.4M | 1.4% | +86.4% |
| PEP PEPSICO INC | Consumer staples | 33.3K | $5.2M | 1.3% | +1.1% |
| GBX GREENBRIER COMPANIES INC | Industrials | 95.3K | $5.0M | 1.3% | +2.8% |
| AXS AXIS CAPITAL HOLDINGS LTD | Financials | 48.0K | $4.9M | 1.2% | -0.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 9.7K | $4.7M | 1.2% | +13.5% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 109.1K | $4.7M | 1.2% | +23.3% |
| GHC GRAHAM HOLDINGS CO-CLASS B | Services media | 4.3K | $4.6M | 1.2% | -12.1% |
| CPA COPA HOLDINGS SA-CLASS A | Industrials | 39.8K | $4.5M | 1.1% | +6.4% |
| AR ANTERO RESOURCES CORP | Energy | 104.5K | $4.4M | 1.1% | -19.1% |
| MOV MOVADO GROUP INC | Other | 179.4K | $4.4M | 1.1% | -3.0% |
| GIL GILDAN ACTIVEWEAR INC | Other | 75.8K | $4.2M | 1.1% | +52.5% |
| SNCY SUN COUNTRY AIRLINES HOLDING | — | 243.7K | $4.0M | 1.0% | +1.9% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 87.6K | $3.9M | 1.0% | -24.5% |
| SYY SYSCO CORP | Consumer discretionary | 52.8K | $3.8M | 1.0% | -38.7% |
| EFX EQUIFAX INC | Services media | 20.6K | $3.7M | 0.9% | New |
| VVV VALVOLINE INC | Energy | 108.8K | $3.7M | 0.9% | -18.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 865 | $3.6M | 0.9% | +239.2% |
| BRKR BRUKER CORP | Healthcare | 100.5K | $3.6M | 0.9% | -2.1% |
| IPAR INTERPARFUMS INC | Other | 39.7K | $3.6M | 0.9% | New |
| EPAM EPAM SYSTEMS INC | Technology | 26.4K | $3.6M | 0.9% | +65.6% |
| AIT APPLIED INDUSTRIAL TECH INC | Consumer discretionary | 13.3K | $3.5M | 0.9% | -35.8% |
| LW LAMB WESTON HOLDINGS INC | Consumer staples | 80.7K | $3.4M | 0.9% | New |
| MSFT MICROSOFT CORP | Technology | 9.2K | $3.4M | 0.9% | +26.6% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 19.7K | $3.4M | 0.9% | +1.1% |
| LMB LIMBACH HOLDINGS INC | Industrials | 43.1K | $3.4M | 0.9% | New |
| PFGC PERFORMANCE FOOD GROUP CO | Consumer discretionary | 39.2K | $3.4M | 0.9% | +25.6% |
| NFG NATIONAL FUEL GAS CO | Utilities | 35.1K | $3.3M | 0.8% | +35.9% |
| EHC ENCOMPASS HEALTH CORP | Healthcare | 33.1K | $3.2M | 0.8% | +97.0% |
| AGO ASSURED GUARANTY LTD | Financials | 35.8K | $2.9M | 0.7% | +1.9% |
| TDW TIDEWATER INC | Industrials | 34.5K | $2.9M | 0.7% | +3.4% |
| SSD SIMPSON MANUFACTURING CO INC | Industrials | 16.4K | $2.8M | 0.7% | +5.6% |
| PAL PROFICIENT AUTO LOGISTICS IN | Industrials | 412.6K | $2.8M | 0.7% | +71.9% |
| PPG PPG INDUSTRIES INC | Other | 26.2K | $2.8M | 0.7% | +0.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 174 | $436.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 169 | $425.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 174 | $409.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 161 | $368.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 154 | $318.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 167 | $359.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 160 | $324.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 164 | $321.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 160 | $295.0M | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P