VELA Investment Management, LLC

Long Only Manager

VELA Investment Management, LLC is a Long Only Manager based in New Albany, OH led by Roderick Hadley Dillon, reporting $486.2M in AUM as of Q3 2025 with KEX as the largest holding (4% allocation).

CEORoderick Hadley Dillon

Portfolio Value: $347.1M
Positions: 131
Top Holding: KEX at 3.86%
Last Reported: Q3 2025

Address220 Market Street Suite 208, New Albany, OH, 43054, United States

Top Holdings

Largest long holdings in VELA Investment Management, LLC's portfolio (28.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Kirby Corporation KEX	Marine Shipping Industrials	$13.4M	3.86%	+$1.4M Bought	0.29% 160.5K shares	Q4 2021 Held for 3y 11m
2 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$11.8M	3.41%	-$2.7M Sold	0.00% 23.6K shares	Q4 2021 Held for 3y 11m
3 HUB Group HUBG	Integrated Freight & Logistics Industrials	$10.9M	3.13%	+$205.4K Bought	0.51% 315.2K shares	Q4 2021 Held for 3y 11m
4 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$10.2M	2.95%	-$1.9M Sold	0.00% 42.1K shares	Q4 2021 Held for 3y 11m
5 Wix.com WIX	Software - Infrastructure Technology	$10.2M	2.93%	+$4.8M Bought	0.10% 57.3K shares	Q1 2024 Held for 1y 8m
6 CRTO Criteo CRTO	Unknown Unknown	$9.7M	2.80%	+$1.8M Bought	— 430.2K shares	Q1 2023 Held for 2y 8m
7 Amazon AMZN	Specialty Retail Consumer Cyclical	$8.4M	2.41%	+$83.2K Bought	0.00% 38.1K shares	Q3 2023 Held for 2y 2m
8 Lincoln Electric Holdings LECO	Manufacturing - Tools & Accessories Industrials	$8.3M	2.38%	-$1.1M Sold	0.06% 35.1K shares	Q3 2023 Held for 2y 2m
9 Graham Holdings GHC	Education & Training Services Consumer Defensive	$8.1M	2.35%	-$71.8K Sold	0.16% 6.9K shares	Q4 2021 Held for 3y 11m
10 Valvoline VVV	Oil & Gas Refining & Marketing Energy	$7.8M	2.25%	+$314.5K Bought	0.17% 217.7K shares	Q4 2022 Held for 2y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in VELA Investment Management, LLC's latest filing

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Market Value

$347.1M

Prior: $336.4M

Q/Q Change

+3.18%

+$10.7M

Net Flows % of MV

-0.737%

Turnover Ratio

10.51%

New Purchases

8 stocks

$6.5M

Added To

49 stocks

+$28.2M

Sold Out Of

13 stocks

$14.5M

Reduced Holdings

58 stocks

-$22.8M

Increased Positions

Position	Shares Δ	Change
1 Supernus Pharmaceuticals SUPN	New	0 → 40.3K +$1.9M
2 Globus Medical GMED	New	0 → 25.5K +$1.5M
3 Proficient Auto Logistics, Inc. PAL	New	0 → 201.1K +$1.4M
4 Globant GLOB	New	0 → 11.7K +$671.3K
5 United Homes Group UHG	New	0 → 100.0K +$413.0K

Decreased Positions

Position	Shares Δ	Change
1 AT&T T	Sold	110.6K → 0 −$3.2M
2 Altria Group MO	Sold	50.2K → 0 −$2.9M
3 Ashland ASH	Sold	29.6K → 0 −$1.5M
4 LyondellBasell Industries N.V. LYB	Sold	18.0K → 0 −$1.0M
5 Elevance Health ELV	Sold	2.7K → 0 −$1.0M