Vela Investment Management, LLC
VELA Investment Management, LLC is a registered investment adviser headquartered in New Albany, Ohio. The firm was formed in November 2019, organized in Delaware, and became SEC registered in June 2020. VELA primarily serves individuals (including high net worth individuals), investment companies (notably mutual funds), and charitable organizations. The firm has 29 employees and is owned by 20 individuals, with Roderick Hadley Dillon, Jr. as principal owner. VELA provides tailored portfolio management and wealth management services for a range of client types.
Investment Strategy
VELA provides customized portfolio management services tailored to each client’s goals, risk tolerance, and investment horizon. The firm develops individualized Investment Policy Statements and creates model allocations and bespoke recommendations. Its strategies include asset allocation, asset selection, and regular monitoring, with the ability to implement client-imposed restrictions based on values or specific needs. VELA manages both separately managed accounts (including Small Cap, All Cap Concentrated, and Large Cap strategies) and mutual funds, and typically receives discretionary authority to select investments and execute transactions on behalf of clients. VELA charges annual fees based on account value, with tiered percentages depending on the strategy.
Top Holdings
Equity Positions (132)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
K KEX | Kirby Corp | 4.42% | $16.3M | 143,860 | $72.22 | $113.41 | +$3.2M |
B BRK-B | Berkshire Hathaway Inc Cl B | 3.82% | $14.1M | 29,030 | $365.19 | $485.77 | +$3.7M |
H HUBG | Hub Group Inc | 2.80% | $10.3M | 309,220 | $39.68 | $33.43 | +$1.1M |
G GOOGL | Alphabet Inc | 2.37% | $8.8M | 49,686 | $126.04 | $176.23 | +$1.1M |
C CRTO | Criteo SA | 2.29% | $8.4M | 351,940 | $29.25 | $23.96 | +$1.7M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF Trust | Sold | Put | $4.6M | 75 | $617.85 | $580.95 | -50 | -$2.4M |
M MSFT | Microsoft Corp | — | Put | $2.5M | 50 | $497.41 | $435.29 | 0 | +$610.1K |
N NOW | ServiceNow Inc | Bought | Put | $1.7M | 17 | $1028.08 | $998.47 | +10 | +$1.2M |
C C | Citigroup Inc | Bought | Put | $1.7M | 205 | $85.12 | $65.59 | +55 | +$680.1K |
M META | Meta Platforms Inc | Sold | Put | $1.6M | 22 | $738.09 | $525.64 | -3 | +$182.9K |