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VIM
VELA Investment Management Portfolio holdings
AUM
$468M
1-Year Est. Return
18.47%
This Fund
S&P 500
This Quarter
Est. Return
+5.98%
1 Year Est. Return
+18.47%
3 Year Est. Return
+56.57%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$217M
AUM Growth
-$3.18M
(-1.4%)
Cap. Flow
-$12.8M
Cap. Flow
% of AUM
-5.91%
Top 10 Holdings %
Top 10 Hldgs %
27.15%
Holding
142
New
9
Increased
38
Reduced
36
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enterprise Products Partners
EPD
|
+$855K |
| 2 |
Cullen/Frost Bankers
CFR
|
+$423K |
| 3 |
Fox Factory Holding Corp
FOXF
|
+$384K |
| 4 |
Tetra Tech
TTEK
|
+$368K |
| 5 |
Atlanta Braves Holdings Series B
BATRK
|
+$299K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$2.2M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$1.52M |
| 3 |
O'Reilly Automotive
ORLY
|
+$1.26M |
| 4 |
CIVI
Civitas Resources
CIVI
|
+$1.08M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$1.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 22.87% |
| 2 | Financials | 14.75% |
| 3 | Healthcare | 13.19% |
| 4 | Consumer Discretionary | 11.66% |
| 5 | Technology | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Denali Therapeutics
DNLI
$3.97B
| $610K | 0.28% |
20,672
| – | – |
|
102
JPMorgan Chase
JPM
$950B
| $610K | 0.28% |
4,193
| – | – |
|
103
Citigroup
C
$226B
| $605K | 0.28% |
13,135
-588
| -4% | -$27.5K |
|
104
State Street SPDR S&P Regional Banking ETF
KRE
$4.57B
| $596K | 0.28% |
14,609
+4,596
| +46% | +$189K |
|
105
Simon Property Group
SPG
$72.3B
| $584K | 0.27% |
5,056
| – | – |
|
106
Polaris
PII
$4.07B
| $561K | 0.26% |
4,635
| – | – |
|
|
ATVI
107
DELISTED
Activision Blizzard
ATVI
| $519K | 0.24% |
6,152
| – | – |
|
108
Texas Instruments
TXN
$261B
| $516K | 0.24% |
2,866
| – | – |
|
109
Booking.com
BKNG
$161B
| $516K | 0.24% |
4,775
+1,625
| +52% | +$172K |
|
110
NorthWestern Energy
NWE
$4.43B
| $513K | 0.24% |
9,036
| – | – |
|
111
Hingham Institution for Saving
HIFS
$663M
| $503K | 0.23% |
2,358
-196
| -8% | -$39.9K |
|
112
Devon Energy
DVN
$47.3B
| $499K | 0.23% |
10,324
-133
| -1% | -$6.69K |
|
113
BioMarin Pharmaceuticals
BMRN
$12.4B
| $484K | 0.22% |
5,584
+1,042
| +23% | +$98.1K |
|
114
Alamos Gold
AGI
$13.9B
| $471K | 0.22% |
39,500
| – | – |
|
115
Comcast
CMCSA
$90B
| $464K | 0.21% |
11,176
| – | – |
|
116
Genuine Parts
GPC
$18.7B
| $416K | 0.19% |
2,461
| – | – |
|
|
117
Tetra Tech
TTEK
$9.07B
| $410K | 0.19% |
+12,515
| New | +$368K |
|
|
118
Fox Factory Holding Corp
FOXF
$886M
| $407K | 0.19% |
+3,749
| New | +$384K |
|
|
VMW
119
DELISTED
VMware, Inc
VMW
| $390K | 0.18% |
2,717
-2,219
| -45% | -$288K |
|
120
Bank of America
BAC
$442B
| $383K | 0.18% |
13,337
| – | – |
|
121
Realty Income
O
$59.1B
| $379K | 0.17% |
6,331
| – | – |
|
122
ChargePoint
CHPT
$161M
| $346K | 0.16% |
1,969
+729
| +59% | +$128K |
|
123
Aptiv
APTV
$10.3B
| $345K | 0.16% |
3,379
| – | – |
|
124
Omnicom Group
OMC
$23.4B
| $328K | 0.15% |
3,447
-1,700
| -33% | -$158K |
|
125
Sarepta Therapeutics
SRPT
$1.77B
| $319K | 0.15% |
2,788
+694
| +33% | +$89.5K |
|
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VELA Investment Management's Q2 2023 Portfolio in Review
As of Q2 2023, VELA Investment Management held 142 positions worth $217M, down 1.4% from $220M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
VELA Investment Management withdrew a net $12.8M in Q2 2023, closing 6 positions and reducing 36 holdings. Its most notable exit was PDC Energy, Inc., an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.
Against the trend, VELA Investment Management opened a new position in Enterprise Products Partners worth $862K.
- VELA Investment Management's largest Q2 2023 buy was Enterprise Products Partners: 32,700 shares worth $862K.
- VELA Investment Management added most to Cullen/Frost Bankers in Q2 2023, an estimated $423K increase.
- VELA Investment Management's biggest Q2 2023 reduction was Berkshire Hathaway Class B, cutting an estimated $1.52M.
- VELA Investment Management fully exited PDC Energy, Inc. in Q2 2023, selling an estimated $2.2M.
- VELA Investment Management's ten largest holdings make up 27% of its $217M portfolio in Q2 2023.
- VELA Investment Management opened 9 new positions and closed 6 in Q2 2023.
- VELA Investment Management's portfolio value fell 1.4% quarter-over-quarter to $217M.
Based on VELA Investment Management's 13F filing for Q2 2023, filed 8 Aug 2023.