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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
+8.48%
1 Year Est. Return
+18.47%
3 Year Est. Return
+56.57%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$261M
AUM Growth
+$33.8M
(+15%)
Cap. Flow
+$15.8M
Cap. Flow
% of AUM
6.06%
Top 10 Holdings %
Top 10 Hldgs %
26.76%
Holding
166
New
30
Increased
66
Reduced
33
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wabash National
WNC
|
+$1.15M |
| 2 |
Kirby Corp
KEX
|
+$1.11M |
| 3 |
Envista
NVST
|
+$806K |
| 4 |
Core & Main
CNM
|
+$743K |
| 5 |
SWAV
Shockwave Medical, Inc. Common Stock
SWAV
|
+$648K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
National Healthcare
NHC
|
+$1.99M |
| 2 |
XPO
XPO
|
+$1.73M |
| 3 |
Exelon
EXC
|
+$1.27M |
| 4 |
Gildan
GIL
|
+$1.18M |
| 5 |
Ashland
ASH
|
+$1.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.28% |
| 2 | Healthcare | 13.21% |
| 3 | Financials | 13.11% |
| 4 | Consumer Discretionary | 11.28% |
| 5 | Technology | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WCC
151
WESCO International
WCC
$18B
| $257K | 0.1% |
+1,480
| New | +$222K |
|
152
Onto Innovation
ONTO
$14.7B
| $257K | 0.1% |
+1,683
| New | +$226K |
|
153
Red Rock Resorts
RRR
$3.6B
| $256K | 0.1% |
+4,808
| New | +$213K |
|
154
Cimpress
CMPR
$2.29B
| $239K | 0.09% |
+2,987
| New | +$208K |
|
155
Coca-Cola
KO
$376B
| $227K | 0.09% |
3,858
-937
| -20% | -$53.2K |
|
156
State Street Energy Select Sector SPDR ETF
XLE
$38.8B
| $30.4K | 0.01% |
+724
| New | +$31K |
|
157
General Motors
GM
$77.8B
| $11.6K | ﹤0.01% |
+324
| New | +$10K |
|
158
NVIDIA
NVDA
$5.32T
| $9.9K | ﹤0.01% |
+200
| New | +$9.27K |
|
159
Alibaba
BABA
$313B
| $3.1K | ﹤0.01% |
+40
| New | +$3.19K |
|
160
Aptiv
APTV
$10.1B
| – | – |
-3,878
| Closed | -$382K |
|
161
Cisco
CSCO
$486B
| – | – |
-3,832
| Closed | -$206K |
|
162
Devon Energy
DVN
$49.2B
| – | – |
-10,102
| Closed | -$482K |
|
|
163
Exelon
EXC
$45.9B
| – | – |
-33,618
| Closed | -$1.27M |
|
164
MGP Ingredients
MGPI
$364M
| – | – |
-9,433
| Closed | -$995K |
|
165
Verizon
VZ
$194B
| – | – |
-6,438
| Closed | -$209K |
|
|
166
XPO
XPO
$23.5B
| – | – |
-23,191
| Closed | -$1.73M |
|
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VELA Investment Management's Q4 2023 Portfolio in Review
As of Q4 2023, VELA Investment Management held 166 positions worth $261M, up 15% from $228M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
VELA Investment Management deployed $15.8M of net new capital in Q4 2023, opening 30 new positions and adding to 66 existing holdings. Its largest new stake was Wabash National: 50,878 shares worth $1.3M.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was National Healthcare, an estimated $1.99M trimmed.
- VELA Investment Management's largest Q4 2023 buy was Wabash National: 50,878 shares worth $1.3M.
- VELA Investment Management added most to Kirby Corp in Q4 2023, an estimated $1.11M increase.
- VELA Investment Management's biggest Q4 2023 reduction was National Healthcare, cutting an estimated $1.99M.
- VELA Investment Management fully exited XPO in Q4 2023, selling an estimated $1.73M.
- VELA Investment Management's ten largest holdings make up 27% of its $261M portfolio in Q4 2023.
- VELA Investment Management opened 30 new positions and closed 7 in Q4 2023.
- VELA Investment Management's portfolio value rose 15% quarter-over-quarter to $261M.
Based on VELA Investment Management's 13F filing for Q4 2023, filed 30 Jan 2024.