VELA Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), VELA Investment Management, LLC reported 132 stock positions worth $336.4 million. Its top holding was Kirby (KEX) at 4.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.2%) and Hub Class A (HUBG, 3.1%). Compared with Q1 2025, it opened 13 new positions, sold out of 11, added to 69 and reduced 35. The biggest buy was Valvoline (VVV, shares +81%) and the biggest sale an exit from Civitas Resources (CIVI).
- Most Recent 13F
- Q2 2026
- Location
- NEW ALBANY, OH
- CIK
- 0001895612
- Portfolio Value
- $336.4M (Q2 2025)
- SEC Filing
- 0001895612-25-000008 ↗ filed Jul 29, 2025
Holdings Value
Holdings 132 stocks · $336.4M
| KEX Kirby Corp. | 4.85% | 143,860 | $16.3M | Add +10.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.19% | 29,030 | $14.1M | Add +49.0% |
| HUBG Hub Group Inc. Class A | 3.07% | 309,220 | $10.3M | Add +23.8% |
| GOOGL Alphabet Inc. Class A | 2.60% | 49,686 | $8.8M | Reduce -0.1% |
| CRTO Criteo SA-Spon | 2.51% | 351,940 | $8.4M | Add +86.5% |
| AMZN Amazon.com Inc. | 2.46% | 37,753 | $8.3M | Add +15.6% |
| LECO Lincoln Electric Holdings | 2.46% | 39,863 | $8.3M | Add +19.5% |
| VVV Valvoline Inc. | 2.35% | 208,970 | $7.9M | Add +81.1% |
| SYY Sysco Corp. | 1.96% | 87,238 | $6.6M | Add +3.1% |
| GHC Graham Holdings Co. Class B | 1.96% | 6,977 | $6.6M | Reduce -16.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.85% | 50,271 | $6.2M | Add +7.2% |
| JNJ Johnson & Johnson | 1.74% | 38,273 | $5.8M | Reduce -2.9% |
| AIT Applied Industrial Tech Inc. | 1.70% | 24,584 | $5.7M | Add +12.8% |
| CSX CSX Corp. | 1.69% | 174,103 | $5.7M | Add +12.7% |
| ACGL Arch Capital Group Ltd. | 1.54% | 56,820 | $5.2M | Add +5.0% |
| BRKR Bruker Corp. | 1.51% | 123,591 | $5.1M | Add +80.0% |
| WHD Cactus Inc. Class A | 1.50% | 115,440 | $5.0M | Add +79.6% |
| PFGC Performance Food Group Co. | 1.44% | 55,305 | $4.8M | Add +18.7% |
| WIX Wix.com Ltd. | 1.43% | 30,432 | $4.8M | Add +61.3% |
| AXS Axis Capital Holdings Ltd. | 1.37% | 44,458 | $4.6M | Add +6.3% |
| COKE Coca-Cola Consolidated Inc. | 1.32% | 39,735 | $4.4M | Add +0.6% |
| TER Teradyne Inc. | 1.22% | 45,700 | $4.1M | Add +119.7% |
| AGI Alamos Gold Inc. Class A | 1.20% | 152,430 | $4.0M | Reduce -9.2% |
| CPA Copa Holdings SA Class A | 1.17% | 35,741 | $3.9M | Add +2.0% |
| ABT Abbott Laboratories | 1.15% | 28,425 | $3.9M | Reduce -13.3% |
| MSFT Microsoft Corp. | 1.13% | 7,632 | $3.8M | Reduce -4.1% |
| GBX Greenbrier Companies Inc. | 1.11% | 81,364 | $3.7M | Add +21.7% |
| NOC Northrop Grumman Corp. | 1.11% | 7,485 | $3.7M | Reduce -5.4% |
| BATRK Atlanta Braves Holdings in-C | 1.10% | 79,232 | $3.7M | Add +4.0% |
| FIS Fidelity National Info Serv | 1.08% | 44,479 | $3.6M | Reduce -0.4% |
| PEP Pepsico Inc. | 1.05% | 26,765 | $3.5M | Reduce -10.7% |
| ALGN Align Technology Inc. | 1.04% | 18,540 | $3.5M | Add +68.5% |
| TTEK Tetra Tech Inc. | 1.03% | 96,363 | $3.5M | Add +32.5% |
| RRC Range Resources Corp. | 1.02% | 84,176 | $3.4M | Add +19.2% |
| T AT&T Inc. | 0.95% | 110,609 | $3.2M | Add +0.0% |
| POOL Pool Corp. | 0.94% | 10,891 | $3.2M | New |
| MOV Movado Group Inc. | 0.91% | 199,760 | $3.0M | Add +39.3% |
| AGO Assured Guaranty Ltd. | 0.89% | 34,428 | $3.0M | No change |
| EHC Encompass Health Corp. | 0.89% | 24,411 | $3.0M | Reduce -14.9% |
| AGM Federal Agric MTG Corp. Class C | 0.89% | 15,350 | $3.0M | Add +18.2% |
| WNC Wabash National Corp. | 0.88% | 277,206 | $2.9M | Add +115.7% |
| MO Altria Group Inc. | 0.87% | 50,193 | $2.9M | No change |
| AR Antero Resources Corp. | 0.85% | 71,024 | $2.9M | Add +26.6% |
| MAMA Mama's Creations Inc. | 0.84% | 339,726 | $2.8M | Reduce -28.7% |
| NKE Nike Inc. Class B | 0.80% | 37,685 | $2.7M | Add +39.3% |
| META Meta Platforms Inc. Class A | 0.77% | 3,519 | $2.6M | Reduce -0.3% |
| SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC | 0.74% | 211,048 | $2.5M | Add +63.9% |
| SU Suncor Energy Inc. | 0.74% | 66,147 | $2.5M | Add +2.2% |
| BWXT BWX Technologies Inc. | 0.73% | 17,021 | $2.5M | Add +3.6% |
| SIBN Si-Bone Inc. | 0.71% | 126,174 | $2.4M | Add +2.9% |
| JBI Janus International Group Inc. | 0.70% | 287,443 | $2.3M | Add +22.7% |
| ZTS Zoetis Inc. | 0.69% | 14,827 | $2.3M | Add +16.0% |
| IBP Installed Building Products | 0.68% | 12,750 | $2.3M | Add +288.6% |
| TMO Thermo Fisher Scientific Inc. | 0.68% | 5,622 | $2.3M | Add +138.3% |
| BOKF Bok Financial Corporation | 0.65% | 22,561 | $2.2M | Add +3.9% |
| SCHW Schwab (charles) Corp. | 0.63% | 23,196 | $2.1M | Add +0.3% |
| SRCE 1ST Source Corp. | 0.62% | 33,487 | $2.1M | Add +3.6% |
| SEB Seaboard Corp. | 0.62% | 724 | $2.1M | Reduce -25.0% |
| WOR Worthington Enterprises Inc. | 0.59% | 31,363 | $2.0M | Add +0.7% |
| ABBV Abbvie Inc. | 0.58% | 10,558 | $2.0M | Reduce -12.3% |
| MPLX MPLX LP | 0.56% | 36,685 | $1.9M | Add +1.6% |
| C Citigroup Inc. | 0.56% | 22,032 | $1.9M | Reduce -13.9% |
| BKNG Booking Holdings Inc. | 0.53% | 308 | $1.8M | No change |
| MET Metlife Inc. | 0.52% | 21,738 | $1.7M | Add +11.2% |
| NFG National Fuel Gas Co. | 0.51% | 20,361 | $1.7M | Add +4.6% |
| FOUR SHIFT4 Payments Inc. Class A | 0.50% | 16,905 | $1.7M | New |
| NOW ServiceNow Inc. | 0.46% | 1,519 | $1.6M | No change |
| INDV Indivior Ltd. | 0.46% | 105,027 | $1.5M | Reduce -41.5% |
| ADSK Autodesk Inc. | 0.45% | 4,930 | $1.5M | Reduce -39.8% |
| V Visa Inc. Class A | 0.45% | 4,225 | $1.5M | Reduce -13.0% |
| ACN Accenture PLC Class A | 0.44% | 4,991 | $1.5M | Add +20.3% |
| ASH Ashland Inc. | 0.44% | 29,586 | $1.5M | Reduce -13.8% |
| MMM 3M Co. | 0.44% | 9,761 | $1.5M | Reduce -8.7% |
| SBUX Starbucks Corp. | 0.44% | 16,098 | $1.5M | Reduce -50.9% |
| NLOP Net Lease Office Property | 0.44% | 45,215 | $1.5M | Add +59.3% |
| SEMR Semrush Holdings Inc. Class A | 0.44% | 162,020 | $1.5M | Add +3.4% |
| NEU Newmarket Corp. | 0.43% | 2,112 | $1.5M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 30,185 | $1.4M | Reduce -8.4% |
| FROG Jfrog Ltd. | 0.41% | 31,617 | $1.4M | Reduce -46.9% |
| BKR Baker Hughes Co. | 0.39% | 34,333 | $1.3M | Add +0.2% |
| DE Deere & Co. | 0.39% | 2,588 | $1.3M | Reduce -0.5% |
| HD Home Depot Inc. | 0.38% | 3,516 | $1.3M | No change |
| CRM Salesforce Inc. | 0.38% | 4,692 | $1.3M | No change |
| NOMD Nomad Foods Ltd. | 0.37% | 74,000 | $1.3M | Add +27.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 9,572 | $1.2M | Reduce -6.9% |
| UBER Uber Technologies Inc. | 0.34% | 12,252 | $1.1M | Reduce -7.8% |
| KKR KKR & Co. Inc. | 0.33% | 8,360 | $1.1M | Add +316.1% |
| OLLI Ollie's Bargain Outlet Holdi | 0.33% | 8,396 | $1.1M | Reduce -38.5% |
| DOO BRP Inc./Ca- Sub Voting | 0.32% | 22,420 | $1.1M | New |
| AZN Astrazeneca PLC-Spons ADR | 0.31% | 14,964 | $1.0M | Add +16.5% |
| LYB Lyondellbasell Indu Class A | 0.31% | 18,028 | $1.0M | Add +55.3% |
| ELV Elevance Health Inc. | 0.31% | 2,674 | $1.0M | No change |
| FDX FedEx Corp. | 0.31% | 4,535 | $1.0M | Add +10.2% |
| EPAM Epam Systems Inc. | 0.31% | 5,818 | $1.0M | Add +6.3% |
| TSN Tyson Foods Inc. Class A | 0.29% | 17,678 | $989K | No change |
| TBBB BBB Foods Inc. Class A | 0.28% | 34,300 | $952K | Add +37.2% |
| IMKTA Ingles Markets Inc. Class A | 0.27% | 14,516 | $920K | New |
| CFR Cullen/Frost Bankers Inc. | 0.27% | 7,148 | $919K | Reduce -14.6% |
| MUSA Murphy USA Inc. | 0.27% | 2,232 | $908K | New |
| OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC | 0.26% | 122,770 | $872K | Add +32.9% |
| ADBE Adobe Inc. | 0.25% | 2,209 | $855K | Add +10.5% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.24% | 102,000 | $805K | New |
| PYPL PayPal Holdings Inc. | 0.23% | 10,552 | $784K | Reduce -0.4% |
| ONTO Onto Innovation Inc. | 0.22% | 7,296 | $736K | Reduce -22.4% |
| WDAY Workday Inc. Class A | 0.21% | 2,943 | $706K | No change |
| HALO Halozyme Therapeutics Inc. | 0.20% | 12,989 | $676K | Add +2.0% |
| MAS Masco Corp. | 0.19% | 10,113 | $651K | Add +32.4% |
| MDT Medtronic PLC | 0.19% | 7,366 | $642K | Reduce -31.1% |
| MCHP Microchip Technology Inc. | 0.18% | 8,641 | $608K | Reduce -65.9% |
| MRVI Maravai Lifesciences Hldgs-A | 0.17% | 242,962 | $586K | Add +55.4% |
| COOP Mr Cooper Group Inc. | 0.17% | 3,917 | $584K | No change |
| EA Electronic Arts Inc. | 0.17% | 3,607 | $576K | No change |
| DECK Deckers Outdoor Corp. | 0.16% | 5,312 | $548K | New |
| GPC Genuine Parts Co. | 0.16% | 4,361 | $529K | Add +12.9% |
| PPG PPG Industries Inc. | 0.15% | 4,555 | $518K | New |
| LIN Linde PLC | 0.14% | 1,004 | $471K | No change |
| MTN Vail Resorts Inc. | 0.13% | 2,844 | $447K | Add +17.3% |
| JPM JPMorgan Chase & Co. | 0.13% | 1,537 | $446K | No change |
| GRMN Garmin Ltd. | 0.13% | 2,070 | $432K | Add +70.5% |
| SPG Simon Property Group Inc. | 0.12% | 2,614 | $420K | Add +55.3% |
| CMCSA Comcast Corp. Class A | 0.12% | 11,376 | $406K | Reduce -12.7% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.11% | 2,575 | $370K | Reduce -68.4% |
| TXN Texas Instruments Inc. | 0.10% | 1,612 | $335K | Add +22.6% |
| UPS United Parcel Service Class B | 0.10% | 3,301 | $333K | Add +16.2% |
| MDLZ Mondelez International Inc. Class A | 0.10% | 4,923 | $332K | Reduce -20.4% |
| BXP BXP Inc. | 0.09% | 4,728 | $319K | New |
| AIG American International Group | 0.09% | 3,594 | $308K | No change |
| AMD Advanced Micro Devices | 0.09% | 2,061 | $292K | New |
| AVY Avery Dennison Corp. | 0.09% | 1,651 | $290K | No change |
| WCC Wesco International Inc. | 0.06% | 1,146 | $212K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 166 | $103K | Add +10.7% |
| UNH Unitedhealth Group Inc. | 0.00% | 4 | $1K | New |
Options reported separately and not counted above: SPY puts ($4.6M), MSFT puts ($2.5M), NOW puts ($1.7M), C puts ($1.7M), META puts ($1.6M), ARKK puts ($1.5M), JNJ puts ($1.5M), NKE puts ($1.4M), BAC puts ($1.3M), BKNG puts ($1.2M), MPLX puts ($984K), LYB puts ($984K), and 17 more.
Portfolio Sells Q1 2025 → Q2 2025
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −1.18 |
| GHC Graham Holdings Co. Class B | Reduce -16.4% | 1.96% | −0.79 |
| SBUX Starbucks Corp. | Reduce -50.9% | 0.44% | −0.67 |
| JNJ Johnson & Johnson | Reduce -2.9% | 1.74% | −0.50 |
| PEP Pepsico Inc. | Reduce -10.7% | 1.05% | −0.49 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.38 |
| GTX Garrett Motion Inc. | Sold out | 0.00% | −0.35 |
| ABT Abbott Laboratories | Reduce -13.3% | 1.15% | −0.34 |
| AGI Alamos Gold Inc. Class A | Reduce -9.2% | 1.20% | −0.34 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -68.4% | 0.11% | −0.30 |
| ABBV Abbvie Inc. | Reduce -12.3% | 0.58% | −0.28 |
| ADSK Autodesk Inc. | Reduce -39.8% | 0.45% | −0.28 |
| NOC Northrop Grumman Corp. | Reduce -5.4% | 1.11% | −0.28 |
| SEB Seaboard Corp. | Reduce -25.0% | 0.62% | −0.28 |
| ASH Ashland Inc. | Reduce -13.8% | 0.44% | −0.26 |
| FROG Jfrog Ltd. | Reduce -46.9% | 0.41% | −0.24 |
| MCHP Microchip Technology Inc. | Reduce -65.9% | 0.18% | −0.24 |
| MAMA Mama's Creations Inc. | Reduce -28.7% | 0.84% | −0.23 |
| BHVN Biohaven Ltd. | Sold out | 0.00% | −0.22 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.22 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -38.5% | 0.33% | −0.22 |
| ONTO Onto Innovation Inc. | Reduce -22.4% | 0.22% | −0.17 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.16 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.16 |
| MDT Medtronic PLC | Reduce -31.1% | 0.19% | −0.14 |
| V Visa Inc. Class A | Reduce -13.0% | 0.45% | −0.14 |
| DOW Dow Inc. | Sold out | 0.00% | −0.13 |
| DNLI Denali Therapeutics Inc. | Sold out | 0.00% | −0.13 |
| INDV Indivior Ltd. | Reduce -41.5% | 0.46% | −0.12 |
| EHC Encompass Health Corp. | Reduce -14.9% | 0.89% | −0.11 |
| MMM 3M Co. | Reduce -8.7% | 0.44% | −0.10 |
| CFR Cullen/Frost Bankers Inc. | Reduce -14.6% | 0.27% | −0.09 |
| XRAY Dentsply Sirona Inc. | Sold out | 0.00% | −0.09 |
| TJX TJX Companies Inc. | Reduce -6.9% | 0.35% | −0.08 |
| RCKT Rocket Pharmaceuticals Inc. | Sold out | 0.00% | −0.07 |
| FIS Fidelity National Info Serv | Reduce -0.4% | 1.08% | −0.07 |
| C Citigroup Inc. | Reduce -13.9% | 0.56% | −0.07 |
| BAC Bank of America Corp. | Reduce -8.4% | 0.42% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -20.4% | 0.10% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -12.7% | 0.12% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 2.60% | −0.04 |
| DE Deere & Co. | Reduce -0.5% | 0.39% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -0.4% | 0.23% | −0.00 |
| UBER Uber Technologies Inc. | Reduce -7.8% | 0.34% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.77% | +0.07 |
| MSFT Microsoft Corp. | Reduce -4.1% | 1.13% | +0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| VVV Valvoline Inc. | Add +81.1% | 2.35% | +0.97 |
| POOL Pool Corp. | New | 0.94% | +0.94 |
| TER Teradyne Inc. | Add +119.7% | 1.22% | +0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +49.0% | 4.19% | +0.63 |
| BRKR Bruker Corp. | Add +80.0% | 1.51% | +0.53 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.50% | +0.50 |
| IBP Installed Building Products | Add +288.6% | 0.68% | +0.49 |
| WHD Cactus Inc. Class A | Add +79.6% | 1.50% | +0.49 |
| ALGN Align Technology Inc. | Add +68.5% | 1.04% | +0.44 |
| NEU Newmarket Corp. | New | 0.43% | +0.43 |
| WNC Wabash National Corp. | Add +115.7% | 0.88% | +0.39 |
| WIX Wix.com Ltd. | Add +61.3% | 1.43% | +0.38 |
| KEX Kirby Corp. | Add +10.4% | 4.85% | +0.33 |
| AMZN Amazon.com Inc. | Add +15.6% | 2.46% | +0.33 |
| DOO BRP Inc./Ca- Sub Voting | New | 0.32% | +0.32 |
| TTEK Tetra Tech Inc. | Add +32.5% | 1.03% | +0.30 |
| LECO Lincoln Electric Holdings | Add +19.5% | 2.46% | +0.29 |
| TMO Thermo Fisher Scientific Inc. | Add +138.3% | 0.68% | +0.27 |
| IMKTA Ingles Markets Inc. Class A | New | 0.27% | +0.27 |
| MUSA Murphy USA Inc. | New | 0.27% | +0.27 |
| DIS The Walt Disney Co. | Add +7.2% | 1.85% | +0.26 |
| KKR KKR & Co. Inc. | Add +316.1% | 0.33% | +0.25 |
| ARCO Arcos Dorados Holdings Inc. Class A | New | 0.24% | +0.24 |
| CRTO Criteo SA-Spon | Add +86.5% | 2.51% | +0.21 |
| NKE Nike Inc. Class B | Add +39.3% | 0.80% | +0.21 |
| SNCY Sun Country Airlines Holding | Add +63.9% | 0.74% | +0.19 |
| PFGC Performance Food Group Co. | Add +18.7% | 1.44% | +0.18 |
| BWXT BWX Technologies Inc. | Add +3.6% | 0.73% | +0.17 |
| DECK Deckers Outdoor Corp. | New | 0.16% | +0.16 |
| PPG PPG Industries Inc. | New | 0.15% | +0.15 |
| NLOP Net Lease Office Property | Add +59.3% | 0.44% | +0.13 |
| CSX CSX Corp. | Add +12.7% | 1.69% | +0.13 |
| JBI Janus International Group Inc. | Add +22.7% | 0.70% | +0.12 |
| SIBN Si-Bone Inc. | Add +2.9% | 0.71% | +0.12 |
| BXP BXP Inc. | New | 0.09% | +0.09 |
| AMD Advanced Micro Devices | New | 0.09% | +0.09 |
| MOV Movado Group Inc. | Add +39.3% | 0.91% | +0.08 |
| AR Antero Resources Corp. | Add +26.6% | 0.85% | +0.07 |
| WCC Wesco International Inc. | New | 0.06% | +0.06 |
| WOR Worthington Enterprises Inc. | Add +0.7% | 0.59% | +0.06 |
| CPA Copa Holdings SA Class A | Add +2.0% | 1.17% | +0.06 |
| MRVI Maravai Lifesciences Hldgs-A | Add +55.4% | 0.17% | +0.06 |
| BATRK Atlanta Braves Holdings in-C | Add +4.0% | 1.10% | +0.06 |
| TBBB BBB Foods Inc. Class A | Add +37.2% | 0.28% | +0.05 |
| AGM Federal Agric MTG Corp. Class C | Add +18.2% | 0.89% | +0.05 |
| RRC Range Resources Corp. | Add +19.2% | 1.02% | +0.05 |
| GRMN Garmin Ltd. | Add +70.5% | 0.13% | +0.04 |
| LYB Lyondellbasell Indu Class A | Add +55.3% | 0.31% | +0.03 |
| SPG Simon Property Group Inc. | Add +55.3% | 0.12% | +0.03 |
| TXN Texas Instruments Inc. | Add +22.6% | 0.10% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -40.0% | 7,500 | $4.6M |
| AMZN Amazon.com Inc. | put | Sold out | 10,000 | $1.9Mbefore exit |
| NOW ServiceNow Inc. | put | Add +142.9% | 1,700 | $1.7M |
| C Citigroup Inc. | put | Add +36.7% | 20,500 | $1.7M |
| META Meta Platforms Inc. Class A | put | Reduce -12.0% | 2,200 | $1.6M |
| TSLA Tesla Inc. | call | Sold out | 6,000 | $1.6Mbefore exit |
| ARKK ARK Innovation ETF | put | New | 22,000 | $1.5M |
| JNJ Johnson & Johnson | put | New | 10,000 | $1.5M |
| NKE Nike Inc. Class B | put | New | 20,000 | $1.4M |
| MPLX MPLX LP | put | New | 19,100 | $984K |
| LYB Lyondellbasell Indu Class A | put | Add +142.9% | 17,000 | $984K |
| ZTS Zoetis Inc. | put | New | 6,000 | $936K |
| UBER Uber Technologies Inc. | put | Reduce -21.9% | 10,000 | $933K |
| ADSK Autodesk Inc. | put | Add +150.0% | 3,000 | $929K |
| ABBV Abbvie Inc. | put | New | 5,000 | $928K |
| CRM Salesforce Inc. | put | New | 3,300 | $900K |
| ACN Accenture PLC Class A | put | New | 3,000 | $897K |
| GOOGL Alphabet Inc. Class A | put | Add +42.9% | 5,000 | $881K |
| DE Deere & Co. | put | Sold out | 1,600 | $751Kbefore exit |
| JBHT Hunt (jb) Transprt SVCS Inc. | put | Sold out | 5,000 | $740Kbefore exit |
| ALGN Align Technology Inc. | put | Add +280.0% | 3,800 | $719K |
| SBUX Starbucks Corp. | put | New | 7,800 | $715K |
| MMM 3M Co. | put | Reduce -73.3% | 4,000 | $609K |
| MCHP Microchip Technology Inc. | put | Sold out | 12,000 | $581Kbefore exit |
| ADBE Adobe Inc. | call | Reduce -40.0% | 1,500 | $580K |
| EPAM Epam Systems Inc. | put | Reduce -25.0% | 3,000 | $530K |
| DOW Dow Inc. | put | Sold out | 15,000 | $524Kbefore exit |
| BKR Baker Hughes Co. | put | Reduce -18.4% | 13,300 | $510K |
| DECK Deckers Outdoor Corp. | put | New | 3,900 | $402K |
| UNH Unitedhealth Group Inc. | call | New | 1,000 | $312K |
| ELV Elevance Health Inc. | put | New | 800 | $311K |
| WDAY Workday Inc. Class A | put | Reduce -58.8% | 700 | $168K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 131 | $406.5M | KEX, CRTO, WOR, GOOGL, BRK.B |
| Q1 2026Amended | 133 | $386.6M | KEX, CRTO, BRK.B, WIX, WOR |
| Q4 2025Amended | 130 | $367.1M | KEX, HUBG, BRK.B, GOOGL, CRTO |
| Q3 2025 | 131 | $347.1M | KEX, BRK.B, HUBG, GOOGL, WIX |
| Q2 2025 | 132 | $336.4M | KEX, BRK.B, HUBG, GOOGL, CRTO |
| Q1 2025 | 130 | $291.4M | KEX, BRK.B, HUBG, GHC, GOOGL |
| Q4 2024 | 137 | $292.4M | KEX, HUBG, GOOGL, BRK.B, GHC |
| Q3 2024 | 137 | $292.5M | KEX, HUBG, BRK.B, GOOGL, GHC |
| Q2 2024 | 141 | $282.5M | KEX, BRK.B, HUBG, GOOGL, GHC |
| Q1 2024 | 142 | $271.6M | KEX, BRK.B, HUBG, GOOGL, GBX |