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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 | |
|---|---|---|---|---|---|---|
126
Fastenal
FAST
$59.7B
| $307K | 0.14% |
10,406
| – | – |
|
127
Mondelez International
MDLZ
$78.7B
| $294K | 0.14% |
4,027
| – | – |
|
128
Coca-Cola
KO
$376B
| $289K | 0.13% |
4,795
| – | – |
|
129
Mercury Insurance
MCY
$5.95B
| $273K | 0.13% |
9,025
+760
| +9% | +$23.2K |
|
130
LyondellBasell Industries
LYB
$20B
| $259K | 0.12% |
+2,820
| New | +$258K |
|
131
Verizon
VZ
$195B
| $244K | 0.11% |
6,555
+117
| +2% | +$4.33K |
|
132
Biohaven
BHVN
$2.21B
| $236K | 0.11% |
+9,868
| New | +$170K |
|
133
Maravai LifeSciences
MRVI
$912M
| $228K | 0.11% |
+18,382
| New | +$248K |
|
134
Roivant Sciences
ROIV
$26B
| $224K | 0.1% |
+22,200
| New | +$199K |
|
135
Tidewater
TDW
$4.33B
| $212K | 0.1% |
+3,828
| New | +$175K |
|
136
SentinelOne
S
$7.62B
| $155K | 0.07% |
+10,276
| New | +$174K |
|
137
Jazz Pharmaceuticals
JAZZ
$16.8B
| – | – |
-2,369
| Closed | -$347K |
|
138
LivaNova
LIVN
$4.18B
| – | – |
-12,187
| Closed | -$531K |
|
139
Texas Pacific Land
TPL
$24B
| – | – |
-3,321
| Closed | -$628K |
|
140
VF Corp
VFC
$5.85B
| – | – |
-17,114
| Closed | -$392K |
|
|
PXD
141
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-3,321
| Closed | -$678K |
|
|
PDCE
142
DELISTED
PDC Energy, Inc.
PDCE
| – | – |
-34,219
| Closed | -$2.2M |
|
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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.