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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.
Latest 13F Filing Activity
Vela Investment Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 132 equity positions and 29 options positions with a total 13F market value of $369M. The fund increased holdings in Valvoline Inc., Berkshire Hathaway Inc. CL B, Pool Corp. among other positions. Vela Investment Management, LLC reduced exposure to Civitas Resources Inc., Starbucks Corp., Graham Holdings Co. among others.
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 |
| 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 |
| 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 (29)
| 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 |
Industry Allocation
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