VELA Investment Management, LLC Q2 2025 Filing

Filed July 29, 2025

Portfolio Value

$368.9M

Holdings

133

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (133 positions)

#	Stock	Shares	Value	% Portfolio	Type
101	DECKDeckers Outdoor Corp.	9,212	$949K	0.26%	Put
102	IMKTAIngles Markets Inc. - Class A	14,516	$920K	0.25%
103	CFRCullen/Frost Bankers Inc	7,148	$919K	0.25%
104	MUSAMurphy USA Inc.	2,232	$908K	0.25%
105	WDAYWorkday Inc	3,643	$874K	0.24%	Put
106	OSGAMBAC Financial Group, Inc.	122,770	$872K	0.24%
107	ARCOArcos Dorados Holdings Inc. -A	102,000	$805K	0.22%
108	PYPLPayPal Holdings Inc	10,552	$784K	0.21%
109	ONTOOnto Innovation Inc	7,296	$736K	0.20%
110	HALOHalozyme Therapeutics Inc.	12,989	$676K	0.18%
111	MASMasco Corp	10,113	$651K	0.18%
112	MDTMedtronic PLC	7,366	$642K	0.17%
113	MCHPMicrochip Technology Inc	8,641	$608K	0.16%
114	MRVIMaravai LifeSciences Holdings	242,962	$586K	0.16%
115	07WAMr Cooper Group Inc	3,917	$584K	0.16%
116	EAElectronic Arts Inc	3,607	$576K	0.16%
117	GPCGenuine Parts Co	4,361	$529K	0.14%
118	PPGPPG Industries Inc	4,555	$518K	0.14%
119	LINLinde PLC Shs	1,004	$471K	0.13%
120	MTNVail Resorts Inc	2,844	$447K	0.12%
121	JPMJPMorgan Chase & Co	1,537	$446K	0.12%
122	GRMNGarmin Ltd	2,070	$432K	0.12%
123	SPGSimon Property Group Inc	2,614	$420K	0.11%
124	CMCSAComcast Corp	11,376	$406K	0.11%
125	JBHTJB Hunt Transport Services Inc	2,575	$370K	0.10%
126	TXNTexas Instruments Inc	1,612	$335K	0.09%
127	UPSUnited Parcel Service Inc Cl B	3,301	$333K	0.09%
128	MDLZMondelez International Inc	4,923	$332K	0.09%
129	BXPBoston Properties Inc	4,728	$319K	0.09%
130	UNHUnitedHealth Group Inc	1,004	$313K	0.08%	Call
131	AIGAmerican Intl Group Inc	3,594	$308K	0.08%
132	AMDAdvanced Micro Devices Inc	2,061	$292K	0.08%
133	AVYAvery Dennison Corp	1,651	$290K	0.08%
134	WCCWesco Intl Inc	1,146	$212K	0.06%
135	SPYSPDR S&P 500 ETF Trust	166	$103K	0.03%

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