VELA Investment Management, LLC — 13F Holdings & Portfolio
CIK 1895612 · latest 13F-HR filed 2026-08-27
VELA Investment Management, LLC manages $459.0M in 13F-reported U.S. long-equity assets across 165 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are KEX (3.80%), SOXX (3.14%), CRTO (3.03%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 13 new positions and exited 15; 69 existing positions rose in reported value and 29 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$459.0M
Long-equity book
Holdings
165
Distinct positions
Period
2026-06-30
Filed 2026-08-27
Q/Q Activity
+13 / −15 / ↑69 / ↓29
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26KEX4.3% · -9%CRTO3.4% · -6%WOR2.9% · +5%GOOGL2.9% · -10%BRK.B2.9% · +2%HUBG2.8% · -13%AMZN2.4% · -6%LECO2.2% · +0%JKHY2.2% · +77%CSL2.0% · +9%CSX1.9% · -9%WHD1.8% · +3%POOL1.7% · -9%JNJ1.6% · -12%DIS1.6% · +12%CPA1.5% · +0%ACGL1.5% · -1%ZBRA1.4% · newTMO1.4% · +16%AXS1.4% · +7%BATRK1.3% · 0%GIL1.3% · +44%MUSA1.2% · -19%ABT1.2% · +164%EHC1.2% · +54%GHC1.2% · -1%IPAR1.2% · +10%PEP1.1% · +4%GBX1.1% · +3%AR1.1% · +27%BRKR1.1% · -23%ALGT1.1% · newMOV1.1% · -38%PFGC1.1% · -1%BKNG1.1% · +2671%VVV1.0% · 0%SSD1.0% · +20%EFX1.0% · +26%MSM0.9% · newALGN0.9% · +15%AIT0.9% · -17%ETSY0.9% · 0%MSFT0.9% · +5%NFG0.9% · +34%PAL0.9% · +24%LMB0.9% · +9%HLI0.8% · +62%LW0.8% · +1%AGM0.8% · +6%SIBN0.8% · +7%EPAM0.7% · +49%TTC0.7% · +10%SUPN0.7% · +25%AGO0.7% · 0%DOO0.7% · +61%RRC0.7% · +23%PPG0.7% · -12%TDW0.6% · +18%PRCT0.6% · +62%ESNT0.6% · +1%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 28.1%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 22, 2026.
Assets Under Management
$562.9M
Discretionary
$562.9M
Employees
29
Accounts
346
Address
220 MARKET STREET SUITE 208
NEW ALBANY, OH 43054
NEW ALBANY, OH 43054
Phone
(614) 653-8352
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DILLON, RODERICK, HADLEY Control | MEMBER, CEO, CIO & PORTFOLIO MANAGER since Nov 2019 | 25–50% | Individual |
| DOWNEY, JASON Control | MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST since Apr 2020 | 10–25% | Individual |
| HUBBARD, JEANNETTE, MCDONALD Control | MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST since Apr 2020 | 5–10% | Individual |
| JOB, JASON, RICHARD Control | MEMBER, CFO & PORTFOLIO MANAGER since Dec 2019 | 5–10% | Individual |
| LUCHIN, STACY, ALLISON Control | CHIEF OPERATING OFFICER since Sep 2026 | Less than 5% | Individual |
| SHARPE, ROBERT, CRAIG Control | MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST since Sep 2020 | 5–10% | Individual |
| WESOLEK, LISA, MARIE Control | MEMBER, PRESIDENT & CHIEF COMPLIANCE OFFICER since Dec 2019 | 5–10% | Individual |
Ownership & leadership changes · 12 filings with changes since Jun 8, 2020
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Sep 22, 2026 filing
- AddedLUCHIN, STACY, ALLISON · CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedWESOLEK, LISA, MARIE · title MEMBER, PRESIDENT, CHIEF COMPLIANCE OFFICER, & COO → MEMBER, PRESIDENT & CHIEF COMPLIANCE OFFICER
Mar 26, 2026 filing
- No longer listedBrinich, Christopher · MEMBER, RESEARCH ANALYST · Less than 5% · control person · listed since Jan 2023
- No longer listedBurgett, Austin · MEMBER, RESEARCH ASSOCIATE · Less than 5% · control person · listed since Jan 2025
- No longer listedDUNLAP, BROOKE, MEREDITH · MEMBER, CLIENT SERVICE MANAGER · Less than 5% · control person · listed since Jan 2025
- No longer listedKOCI, ROBERT, WILLIAM CHAS · MEMBER, HEAD TRADER · Less than 5% · control person · listed since Jan 2023
- No longer listedLennox, Thomas · MEMBER, CLIENT DEVELOPMENT · Less than 5% · listed since May 2021
- No longer listedMADISON, STACEY, LYNN · MEMBER, OPERATIONS MANAGER · Less than 5% · control person · listed since Jan 2023
- No longer listedMCCONNELL, JULIA, ANNE · MEMBER, MARKETING & COMMUNICATIONS DIRECTOR · Less than 5% · listed since Sep 2020
- No longer listedMURPHY, ROBERT, MULHOLAND · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · control person · listed since Apr 2020
- No longer listedRinker, Nicholas · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · control person · listed since Jan 2023
- No longer listedSUSI, MATTHEW, GAETANO · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · control person · listed since Jan 2025
- No longer listedSchneider, Kyle, Lyndon · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · listed since Sep 2020
- No longer listedSteiger, Shaun · MEMBER, RESEARCH ANALYST · Less than 5% · control person · listed since Jan 2023
- No longer listedStraw, Emily, Elizabeth · MEMBER, BUSINESS DEVELOPMENT · Less than 5% · control person · listed since May 2024
- No longer listedWESOLEK, ALEXANDRA, JANE · MEMBER, COMMUNICATIONS DIRECTOR · Less than 5% · control person · listed since Jan 2025
May 8, 2025 filing
- No longer listedLANGLEY, BEVERLY, JEAN · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2021
- ChangedWESOLEK, LISA, MARIE · title MEMBER, PRESIDENT & COO → MEMBER, PRESIDENT, CHIEF COMPLIANCE OFFICER, & COO
Mar 21, 2025 filing
- AddedBurgett, Austin · MEMBER, RESEARCH ASSOCIATE · Less than 5% · control person
- AddedDUNLAP, BROOKE, MEREDITH · MEMBER, CLIENT SERVICE MANAGER · Less than 5% · control person
- AddedSUSI, MATTHEW, GAETANO · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · control person
- AddedWESOLEK, ALEXANDRA, JANE · MEMBER, COMMUNICATIONS DIRECTOR · Less than 5% · control person
Jun 20, 2024 filing
- AddedStraw, Emily, Elizabeth · MEMBER, BUSINESS DEVELOPMENT · Less than 5% · control person
- ChangedMURPHY, ROBERT, MULHOLAND · ownership 5–10% → Less than 5%
Mar 26, 2024 filing
- No longer listedHilderbrand, Brian · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · listed since Apr 2020
Mar 21, 2023 filing
- AddedBrinich, Christopher · MEMBER, RESEARCH ANALYST · Less than 5% · control person
- AddedKOCI, ROBERT, WILLIAM CHAS · MEMBER, HEAD TRADER · Less than 5% · control person
- AddedMADISON, STACEY, LYNN · MEMBER, OPERATIONS MANAGER · Less than 5% · control person
- AddedRinker, Nicholas · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5% · control person
- AddedSteiger, Shaun · MEMBER, RESEARCH ANALYST · Less than 5% · control person
- ChangedHilderbrand, Brian · title MEMBER, PORTFOLIO MANAGER & ANALYST → MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST
- ChangedLennox, Thomas · title MEMBER → MEMBER, CLIENT DEVELOPMENT
Oct 15, 2021 filing
- AddedLANGLEY, BEVERLY, JEAN · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedJOB, JASON, RICHARD · title MEMBER, CCO, CFO & PORTFOLIO MANAGER → MEMBER, CFO & PORTFOLIO MANAGER
Jun 7, 2021 filing
- AddedHilderbrand, Brian · MEMBER, PORTFOLIO MANAGER & ANALYST · Less than 5%
- AddedLennox, Thomas · MEMBER · Less than 5%
Oct 2, 2020 filing
- AddedMCCONNELL, JULIA, ANNE · MEMBER, MARKETING & COMMUNICATIONS DIRECTOR · Less than 5%
- AddedSchneider, Kyle, Lyndon · MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST · Less than 5%
- ChangedDILLON, RODERICK, HADLEY · title MANAGING MEMBER → MEMBER, CEO, CIO & PORTFOLIO MANAGER
- ChangedDOWNEY, JASON · title PORTFOLIO MANAGER → MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST
- ChangedHUBBARD, JEANNETTE, MCDONALD · title PORTFOLIO MANAGER → MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST
- ChangedJOB, JASON, RICHARD · title CHIEF COMPLIANCE OFFICER, CFO → MEMBER, CCO, CFO & PORTFOLIO MANAGER
- ChangedMURPHY, ROBERT, MULHOLAND · title PORTFOLIO MANAGER → MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST
- ChangedSHARPE, ROBERT, CRAIG · title PORTFOLIO MANAGER → MEMBER, PORTFOLIO MANAGER & RESEARCH ANALYST
- ChangedWESOLEK, LISA, MARIE · title PRESIDENT, COO → MEMBER, PRESIDENT & COO
Older changes (3 more filings)
Sep 29, 2020 filing
- AddedDOWNEY, JASON · PORTFOLIO MANAGER · 10–25% · control person
- AddedHUBBARD, JEANNETTE, MCDONALD · PORTFOLIO MANAGER · 5–10% · control person
- AddedMURPHY, ROBERT, MULHOLAND · PORTFOLIO MANAGER · 5–10% · control person
- AddedSHARPE, ROBERT, CRAIG · PORTFOLIO MANAGER · 5–10% · control person
- ChangedDILLON, RODERICK, HADLEY · ownership 75% or more → 25–50%
- ChangedJOB, JASON, RICHARD · ownership Less than 5% → 5–10%
- ChangedWESOLEK, LISA, MARIE · ownership Less than 5% → 5–10%
Sep 4, 2020 filing
- AddedWESOLEK, LISA, MARIE · PRESIDENT, COO · Less than 5% · control person
- ChangedJOB, JASON, RICHARD · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CFO
Jun 8, 2020 filing (earliest on record)
- ListedDILLON, RODERICK, HADLEY · MANAGING MEMBER · 75% or more · control person
- ListedJOB, JASON, RICHARD · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- Henry Jack & Assoc Inc$3.2M +54.6%
- Abbott Laboratories$2.8M +133.4%
- Icon Plc$1.9M +859.8%
- Encompass Health Corp$1.9M +60.6%
- Copa Holdings SA$1.7M +37.2%
Top Trims
- Accenture PLC-$3.1M -57.6%
- Alamos Gold Inc-$2.2M -58.1%
- Shift 4 Payments Inc. Cl A-$2.1M -91.4%
- Kirby Corp-$1.4M -7.3%
- Johnson & Johnson-$659.5K -9.0%
New Positions
- Zebra Technologies Corp Cl A$5.6M
- Allegiant Travel Co$4.5M
- MSC Industrial Direct Inc Cl A$3.8M
- Ollie's Bargain Outlet Holding$1.9M
- Copart Inc$1.7M
Exited Positions
- Wix.com Ltd$11.1M
- Sun Country Airlines Holding$4.0M
- Sysco Corp$3.7M
- Janus International Group IN$2.5M
- Net Lease Office Properties$1.5M
VELA Investment Management, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Kirby Corp | KEX | 497266106 | $17.5M | 3.80% | 128,374 | SH |
| 2 | iShares Semiconductor ETF Put | SOXX | 464287523 | $14.4M | 3.14% | 22,500 | SH |
| 3 | Criteo SA | CRTO | 226718104 | $13.9M | 3.03% | 761,210 | SH |
| 4 | Worthington Inc | WOR | 981811102 | $12.0M | 2.61% | 222,561 | SH |
| 5 | Alphabet Inc | GOOGL | 02079K305 | $11.8M | 2.58% | 33,113 | SH |
| 6 | Berkshire Hathaway Inc Cl B | BRK.B | 084670702 | $11.8M | 2.57% | 23,618 | SH |
| 7 | Hub Group Inc | HUBG | 443320106 | $11.4M | 2.48% | 259,419 | SH |
| 8 | Amazon.com Inc | AMZN | 023135106 | $9.7M | 2.12% | 40,856 | SH |
| 9 | Lincoln Electric Holdings Inc | LECO | 533900106 | $9.0M | 1.97% | 34,079 | SH |
| 10 | Henry Jack & Assoc Inc | JKHY | 426281101 | $9.0M | 1.96% | 65,260 | SH |
| 11 | Carlisle Cos Inc | CSL | 142339100 | $8.0M | 1.75% | 22,178 | SH |
| 12 | CSX Corp | CSX | 126408103 | $7.9M | 1.72% | 165,693 | SH |
| 13 | Cactus Inc. A | WHD | 127203107 | $7.4M | 1.62% | 145,421 | SH |
| 14 | Pool Corp | POOL | 73278L105 | $7.1M | 1.55% | 33,118 | SH |
| 15 | Johnson & Johnson | JNJ | 478160104 | $6.6M | 1.45% | 26,143 | SH |
| 16 | Walt Disney Co/The | DIS | 254687106 | $6.6M | 1.44% | 68,580 | SH |
| 17 | Copa Holdings SA | CPA | P31076105 | $6.1M | 1.33% | 39,119 | SH |
| 18 | Arch Capital Group Ltd | ACGL | G0450A105 | $6.0M | 1.31% | 62,029 | SH |
| 19 | Zebra Technologies Corp Cl A | ZBRA | 989207105 | $5.6M | 1.22% | 21,281 | SH |
| 20 | Thermo Fisher Scientific Inc | TMO | 883556102 | $5.6M | 1.22% | 11,167 | SH |
| 21 | Axis Capital Holdings Ltd | AXS | G0692U109 | $5.5M | 1.21% | 51,510 | SH |
| 22 | Atlanta Braves Holdings Inc | BATRK | 047726302 | $5.4M | 1.18% | 104,575 | SH |
| 23 | Gildan Activewear Inc | GIL | 375916103 | $5.4M | 1.18% | 104,710 | SH |
| 24 | Murphy USA Inc. | MUSA | 626755102 | $5.1M | 1.10% | 9,391 | SH |
| 25 | Abbott Laboratories | ABT | 002824100 | $5.0M | 1.09% | 54,892 | SH |
| 26 | Encompass Health Corp | EHC | 29261A100 | $5.0M | 1.08% | 48,991 | SH |
| 27 | Graham Holdings Co | GHC | 384637104 | $4.9M | 1.07% | 4,288 | SH |
| 28 | Interparfums Inc | IPAR | 458334109 | $4.7M | 1.03% | 42,301 | SH |
| 29 | PepsiCo Inc | PEP | 713448108 | $4.7M | 1.02% | 34,544 | SH |
| 30 | Greenbrier Cos Inc/The | GBX | 393657101 | $4.6M | 1.01% | 94,828 | SH |
| 31 | Antero Resources Corp | AR | 03674X106 | $4.5M | 0.99% | 128,815 | SH |
| 32 | Bruker Corp | BRKR | 116794108 | $4.5M | 0.98% | 74,924 | SH |
| 33 | Allegiant Travel Co | ALGT | 01748X102 | $4.5M | 0.97% | 37,934 | SH |
| 34 | Movado Group PLC | MOV | 624580106 | $4.4M | 0.95% | 111,318 | SH |
| 35 | Performance Food Group Co | PFGC | 71377A103 | $4.3M | 0.95% | 38,902 | SH |
| 36 | Booking Holdings Inc | BKNG | 09857L108 | $4.3M | 0.93% | 23,966 | SH |
| 37 | Valvoline Inc | VVV | 92047W101 | $4.1M | 0.90% | 104,788 | SH |
| 38 | Simpson Manufacturing Co Inc. | SSD | 829073105 | $4.0M | 0.87% | 18,973 | SH |
| 39 | Equifax Inc | EFX | 294429105 | $3.9M | 0.85% | 24,643 | SH |
| 40 | MSC Industrial Direct Inc Cl A | MSM | 553530106 | $3.8M | 0.83% | 31,854 | SH |
| 41 | Align Technology Inc | ALGN | 016255101 | $3.7M | 0.81% | 22,015 | SH |
| 42 | Applied Industrial Technologie | AIT | 03820C105 | $3.6M | 0.79% | 10,777 | SH |
| 43 | Etsy Inc | ETSY | 29786A106 | $3.6M | 0.79% | 47,833 | SH |
| 44 | Microsoft Corp | MSFT | 594918104 | $3.6M | 0.78% | 9,618 | SH |
| 45 | National Fuel Gas Co NJ | NFG | 636180101 | $3.5M | 0.76% | 45,298 | SH |
| 46 | Proficient Auto Logistics Inc | PAL | 74317M104 | $3.5M | 0.76% | 510,840 | SH |
| 47 | Limbach Holdings Inc. | LMB | 53263P105 | $3.5M | 0.76% | 45,166 | SH |
| 48 | Houlihan Lokey Inc | HLI | 441593100 | $3.4M | 0.74% | 25,348 | SH |
| 49 | Lamb Weston Holdings Inc | LW | 513272104 | $3.4M | 0.74% | 78,694 | SH |
| 50 | Microsoft Corp Put | MSFT | 594918104 | $3.4M | 0.73% | 9,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-03 | $467.7M | 167 | 0001895612-26-000006 |
| 2026-06-30 | 2026-08-27 | $459.0M | 165 | 0001895612-26-000014 |
| 2026-03-31 | 2026-05-08 | $436.1M | 174 | 0001895612-26-000004 |
| 2026-03-31 | 2026-08-27 | $428.7M | 172 | 0001895612-26-000013 |
| 2025-12-31 | 2026-02-02 | $425.0M | 169 | 0001895612-26-000002 |
Filer Information
Address
220 MARKET ST.SUITE 208
NEW ALBANY, OH 43054
Phone
(614) 653-8352
Filing Manager
VELA Investment Management, LLC
NEW ALBANY, OH
Signatory
Jason Job
CFO