Q2 2026 13F · SEC CIK 1895612

VELA Investment Management, LLC

Mutual fund managerFiled 2026-08-27 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $406.8M
Reported positions: 132
Top holdings a year, 3 yrs: +12.4%
Assets under management: $562.9M

VELA Investment Management, LLC is a mutual fund manager that reported 132 positions worth $406.8M in its Q2 2026 13F, filed 2026-08-27. Its largest holdings were Kirby Corp (KEX, 4.3%), Criteo SA (CRTO, 3.4%), Worthington Enterprises Inc (WOR, 2.9%). A portfolio copying its top holdings returned 12.4% a year over the last 3 years, against 22.3% for the S&P 500.

VELA Investment Management, LLC holdings largest 50 of 132 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

VELA Investment Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
KEXKirby Corp	4.3%	4.9%	128,374	-9.4%	$17.5M
CRTOCriteo SA	3.4%	3.7%	761,210	-5.6%	$13.9M
WORWorthington Enterprises Inc	2.9%	2.9%	222,561	+5.1%	$12.0M
GOOGLAlphabet Inc	2.9%	2.7%	33,113	-9.9%	$11.8M
BRK-BBerkshire Hathaway Inc Del	2.9%	2.9%	23,618	+1.5%	$11.8M
HUBGHub Group Inc	2.8%	2.8%	259,419	-12.9%	$11.4M
AMZNAmazon Com Inc	2.4%	2.4%	40,856	-6.4%	$9.7M
LECOLincoln Elec Hldgs Inc	2.2%	2.2%	34,079	+0.3%	$9.0M
JKHYHenry Jack & Assoc Inc Com	2.2%	1.5%	65,260	+77.4%	$9.0M
CSLCarlisle Cos Inc	2.0%	1.8%	22,178	+8.7%	$8.0M
CSXCsx Corp	1.9%	1.9%	165,693	-9.2%	$7.9M
WHDCactus Inc	1.8%	1.7%	145,421	+2.8%	$7.4M
POOLPool Corp	1.7%	1.9%	33,118	-9.0%	$7.1M
JNJJohnson & Johnson	1.6%	1.9%	26,143	-12.4%	$6.6M
DISDisney Walt Co	1.6%	1.5%	68,580	+12.4%	$6.6M
CPACopa Holdings SA	1.5%	1.1%	39,119	+0.2%	$6.1M
ACGLArch Cap Group Ltd	1.5%	1.6%	62,029	-0.9%	$6.0M
ZBRAZebra Technologies Corporati	1.4%	—	21,281	—	$5.6M
TMOThermo Fisher Scientific Inc	1.4%	1.2%	11,167	+15.7%	$5.6M
AXSAxis Capital Holdings Ltd	1.4%	1.3%	51,510	+7.2%	$5.5M
BATRKAtlanta Braves Hldgs Inc	1.3%	1.2%	104,575	+0.0%	$5.4M
GILGildan Activewear Inc	1.3%	1.0%	104,710	+44.0%	$5.4M
MUSAMurphy USA Inc	1.2%	1.5%	9,391	-18.8%	$5.1M
ABTAbbott Laboratories	1.2%	—	54,892	—	$5.0M
EHCEncompass Health Corp	1.2%	0.8%	48,991	+53.6%	$5.0M
GHCGraham Hldgs Co Com Cl B	1.2%	1.2%	4,288	-0.8%	$4.9M
IPARInterparfums Inc	1.2%	0.9%	42,301	+10.1%	$4.7M
PEPPepsico Inc	1.1%	1.3%	34,544	+3.6%	$4.7M
GBXGreenbrier Cos Inc	1.1%	1.3%	94,828	+2.8%	$4.6M
ARAntero Resources Corp	1.1%	1.1%	128,815	+27.2%	$4.5M
BRKRBruker Corp	1.1%	0.9%	74,924	-23.0%	$4.5M
ALGTAllegiant Travel	1.1%	—	37,934	—	$4.5M
MOVMovado Group PLC	1.1%	1.1%	111,318	-37.9%	$4.4M
PFGCPerformance Food Group Co	1.1%	0.9%	38,902	-0.7%	$4.3M
BKNGBooking Holdings Inc	1.1%	0.9%	23,966	+2670.6%	$4.3M
VVVValvoline Inc	1.0%	0.9%	104,788	+0.0%	$4.1M
SSDSimpson Mfg Inc	1.0%	0.7%	18,973	+20.4%	$4.0M
EFXEquifax Inc	1.0%	0.9%	24,643	+25.9%	$3.9M
MSMMsc Indl Direct Inc	0.9%	—	31,854	—	$3.8M
ALGNAlign Technology Inc	0.9%	0.8%	22,015	+15.0%	$3.7M
AITApplied Indl Technologies in	0.9%	0.9%	10,777	-17.3%	$3.6M
ETSYEtsy Inc	0.9%	—	47,833	—	$3.6M
MSFTMicrosoft Corp	0.9%	0.9%	9,618	+4.6%	$3.6M
NFGNational Fuel Gas Co	0.9%	0.8%	45,298	+33.5%	$3.5M
PALProficient Auto Logistics Inc	0.9%	0.7%	510,840	+23.8%	$3.5M
LMBLimbach Holdings Inc.	0.9%	0.8%	45,166	+8.6%	$3.5M
HLIHoulihan Lokey Inc	0.8%	—	25,348	—	$3.4M
LWLamb Weston Hldgs Inc	0.8%	0.9%	78,694	+0.7%	$3.4M
AGMFederal Agric Mtg Corp	0.8%	—	16,648	—	$3.3M
SIBNSI-BONE Inc	0.8%	—	201,094	—	$3.3M

What VELA Investment Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.3% /yr; S&P 500 +11.7%
3 years: +12.4% /yr; S&P 500 +22.3%
5 years: +6.5% /yr; S&P 500 +11.8%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$406.8M	132
Q1 2026	$387.0M	134
Q3 2025	$347.1M	131
Q2 2025	$336.4M	132
Q1 2025	$291.4M	130
Q4 2024	$292.4M	137
Q3 2024	$292.5M	137
Q2 2024	$282.5M	141
Q1 2024	$271.6M	142
Q4 2023	$246.7M	145
Q3 2023	$227.6M	136
Q2 2023	$216.6M	136

Questions about VELA Investment Management, LLC's portfolio

What stocks does VELA Investment Management, LLC own?

VELA Investment Management, LLC's latest 13F, for Q2 2026 and filed Aug 27, 2026, lists 132 positions worth $406.8M. The largest are Kirby Corp (KEX) at 4.3%, Criteo SA (CRTO) at 3.4%, Worthington Enterprises Inc (WOR) at 2.9%, Alphabet Inc (GOOGL) at 2.9% and Berkshire Hathaway Inc Del (BRK-B) at 2.9%.

What did VELA Investment Management, LLC buy last quarter?

In Q2 2026, VELA Investment Management, LLC added Booking Holdings Inc (BKNG) (+2670.6% shares), Henry Jack & Assoc Inc Com (JKHY) (+77.4% shares) and Encompass Health Corp (EHC) (+53.6% shares), compared with its Q1 2026 filing.

What did VELA Investment Management, LLC sell last quarter?

In Q2 2026, VELA Investment Management, LLC cut from its top 50 Wix Com Ltd (WIX), cut from its top 50 Accenture PLC Ireland (ACN), cut from its top 50 Sun Country Airlines Holding (SNCY), cut from its top 50 Alamos Gold Inc (AGI), cut from its top 50 Sysco Corp (SYY), Movado Group PLC (MOV) (-37.9% shares), Bruker Corp (BRKR) (-23.0% shares) and Murphy USA Inc (MUSA) (-18.8% shares), compared with its Q1 2026 filing.

How has VELA Investment Management, LLC's portfolio performed?

A portfolio copying VELA Investment Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.4% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +12.3% against +11.7%. Over 5 years: +6.5% a year against +11.8%.

When is VELA Investment Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. VELA Investment Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does VELA Investment Management, LLC manage?

VELA Investment Management, LLC reported $562.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $406.8M.