VELA SMALL CAP FUND

Fund Profile

Fund profile

Fund manager

VELA Funds

Total assets

$108.67 mm

Liabilities

$1.52 mm

Net assets

$107.15 mm

Number of holdings

85.00

85 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
KEX Kirby Corporation	5.87 mm	47.91 k shares	5.47	Common equity	Long	USA
HUBG Hub Group, Inc.	4.87 mm	107.13 k shares	4.54	Common equity	Long	USA
GHC Graham Holdings Company	4.07 mm	4.95 k shares	3.80	Common equity	Long	USA
Federated Hermes Treasury Oligations Fund	4.01 mm	4.01 mm principal	3.75	Short-term investment vehicle	Long	USA
AIT Applied Industrial Technologies, Inc.	3.97 mm	17.78 k shares	3.70	Common equity	Long	USA
RRC Range Resources Corporation	3.63 mm	118.02 k shares	3.39	Common equity	Long	USA
COKE Coca-Cola Consolidated, Inc.	3.40 mm	2.58 k shares	3.17	Common equity	Long	USA
GBX The Greenbrier Companies, Inc.	3.39 mm	66.54 k shares	3.16	Common equity	Long	USA
AXS AXIS Capital Holdings Limited	3.32 mm	41.71 k shares	3.10	Common equity	Long	Bermuda
CORE Core-Mark Hldg Co Inc	3.21 mm	41.02 k shares	3.00	Common equity	Long	USA
SEB Seaboard Corporation	2.93 mm	935.00 shares	2.74	Common equity	Long	USA
MAMA Mama's Creations, Inc.	2.85 mm	391.03 k shares	2.66	Common equity	Long	USA
BWXT BWX Technologies, Inc.	2.84 mm	26.11 k shares	2.65	Common equity	Long	USA
CIVI Civitas Resources, Inc.	2.83 mm	55.77 k shares	2.64	Common equity	Long	USA
CRTO Criteo S.A.	2.66 mm	66.16 k shares	2.48	Common equity	Long	France
EHC Encompass Health Corporation	2.66 mm	27.49 k shares	2.48	Common equity	Long	USA
TTEK Tetra Tech, Inc.	2.64 mm	56.01 k shares	2.47	Common equity	Long	USA
BATRA Atlanta Braves Holdings, Inc.	2.45 mm	61.50 k shares	2.28	Common equity	Long	USA
VVV Valvoline Inc.	2.41 mm	57.67 k shares	2.25	Common equity	Long	USA
AGO Assured Guaranty Ltd.	2.30 mm	28.98 k shares	2.15	Common equity	Long	Bermuda
FROG JFrog Ltd.	2.28 mm	78.39 k shares	2.12	Common equity	Long	Israel
AGI Alamos Gold Inc.	2.23 mm	111.96 k shares	2.08	Common equity	Long	Canada
AR Antero Resources Corporation	2.02 mm	70.66 k shares	1.89	Common equity	Long	USA
BOKF BOK Financial Corporation	1.85 mm	17.68 k shares	1.73	Common equity	Long	USA
WIX Wix.com Ltd.	1.73 mm	10.33 k shares	1.61	Common equity	Long	Israel
SRCE 1st Source Corporation	1.72 mm	28.79 k shares	1.61	Common equity	Long	USA
Ashland Inc.	1.69 mm	19.48 k shares	1.58	Common equity	Long	USA
TDW Tidewater Inc.	1.65 mm	22.92 k shares	1.54	Common equity	Long	USA
PRCT PROCEPT BioRobotics Corporation	1.57 mm	19.55 k shares	1.46	Common equity	Long	USA
CFR Cullen/Frost Bankers, Inc.	1.56 mm	13.93 k shares	1.45	Common equity	Long	USA
MDI Major Drilling Group International Inc	1.56 mm	251.36 k shares	1.45	Common equity	Long	Canada
CPA Copa Holdings, S.A.	1.54 mm	16.40 k shares	1.44	Common equity	Long	Panama
HII Huntington Ingalls Industries, Inc.	1.50 mm	5.68 k shares	1.40	Common equity	Long	USA
LECO Lincoln Electric Holdings, Inc.	1.47 mm	7.65 k shares	1.37	Common equity	Long	USA
CNM Core & Main, Inc.	1.43 mm	32.14 k shares	1.33	Common equity	Long	USA
CASY Casey's General Stores, Inc.	1.39 mm	3.70 k shares	1.30	Common equity	Long	USA
SIBN SI-BONE, Inc.	1.32 mm	94.24 k shares	1.23	Common equity	Long	USA
Lantheus Holdings, Inc.	1.32 mm	11.99 k shares	1.23	Common equity	Long	USA
AMN AMN Healthcare Services, Inc.	1.20 mm	28.30 k shares	1.12	Common equity	Long	USA
XRAY DENTSPLY SIRONA Inc.	1.07 mm	39.49 k shares	1.00	Common equity	Long	USA
Foraco International SA	1.06 mm	663.99 k shares	0.99	Common equity	Long	France
OLLI Ollie's Bargain Outlet Holdings, Inc.	926.12 k	9.53 k shares	0.86	Common equity	Long	USA
MOV Movado Group, Inc.	782.28 k	42.06 k shares	0.73	Common equity	Long	USA
MRVI Maravai LifeSciences Holdings, Inc.	760.94 k	91.57 k shares	0.71	Common equity	Long	USA
TRMK Trustmark Corporation	726.10 k	22.82 k shares	0.68	Common equity	Long	USA
HLI Houlihan Lokey, Inc.	709.04 k	4.49 k shares	0.66	Common equity	Long	USA
SEMR Semrush Holdings, Inc.	671.87 k	42.77 k shares	0.63	Common equity	Long	USA
ONTO Onto Innovation Inc.	621.43 k	2.99 k shares	0.58	Common equity	Long	USA
BHVN Biohaven Ltd.	572.41 k	11.46 k shares	0.53	Common equity	Long	Virgin Islands (British)
INDV Indivior PLC	560.16 k	57.45 k shares	0.52	Common equity	Long	UK
RCKT Rocket Pharmaceuticals, Inc.	547.28 k	29.63 k shares	0.51	Common equity	Long	USA
HALO Halozyme Therapeutics, Inc.	425.58 k	7.44 k shares	0.40	Common equity	Long	USA
ROIV Roivant Sciences Ltd.	405.50 k	35.14 k shares	0.38	Common equity	Long	Bermuda
ATNI ATN International, Inc.	368.82 k	32.90 k shares	0.34	Common equity	Long	USA
DNLI Denali Therapeutics Inc.	272.57 k	9.36 k shares	0.25	Common equity	Long	USA
Trustmark Corp. Call @ 40 November 2024	-217.00	-217.00 shares	-0.00	Equity derivative	Short	USA
Huntington Ingalls Industries, Inc. Call @ 300 December 2024	-3.36 k	-17.00 shares	-0.00	Equity derivative	Short	USA
Tidewater, Inc. Call @ 120 January 2025	-3.91 k	-34.00 shares	-0.00	Equity derivative	Short	USA
Maravai LifeSciences Holdings, Inc. Call @ 17.5 January 2025	-5.09 k	-212.00 shares	-0.00	Equity derivative	Short	USA
Hub Group, Inc. Call @ 55 January 2025	-5.62 k	-107.00 shares	-0.01	Equity derivative	Short	USA
Halozyme Therapeutics, Inc. Call @ 70 March 2025	-10.50 k	-60.00 shares	-0.01	Equity derivative	Short	USA
Antero Resources Corp. Call @ 38 February 2025	-11.13 k	-106.00 shares	-0.01	Equity derivative	Short	USA
Assured Guaranty Ltd. Call @ 95 April 2025	-13.92 k	-116.00 shares	-0.01	Equity derivative	Short	USA
Ashland, Inc. Call @ 100 April 2025	-13.94 k	-68.00 shares	-0.01	Equity derivative	Short	USA
Liberty Media Corp. - Liberty Braves Call @ 50 February 2025	-14.58 k	-307.00 shares	-0.01	Equity derivative	Short	USA
JFrog Ltd Call @ 35 December 2024	-16.80 k	-210.00 shares	-0.02	Equity derivative	Short	USA
Cullen/Frost Bankers, Inc. Call @ 125 January 2025	-17.15 k	-70.00 shares	-0.02	Equity derivative	Short	USA
BOK Financial Corp. Call @ 115 December 2024	-17.85 k	-70.00 shares	-0.02	Equity derivative	Short	USA
Alamos Gold, Inc. Call @ 24 February 2025	-20.16 k	-336.00 shares	-0.02	Equity derivative	Short	USA
1st Source Corp. Call @ 70 February 2025	-21.45 k	-173.00 shares	-0.02	Equity derivative	Short	USA
Ollie's Bargain Outlet Holdings, Inc. Call @ 115 April 2024	-22.50 k	-50.00 shares	-0.02	Equity derivative	Short	USA
Wix.com Ltd. Call @ $200 Expiring January 2025	-24.96 k	-52.00 shares	-0.02	Equity derivative	Short	USA
Greenbrier Companies, Inc./The Call @ 65 March 2025	-27.50 k	-200.00 shares	-0.03	Equity derivative	Short	USA
Tetra Tech, Inc. Call @ $50 Expiring March 2025	-28.68 k	-155.00 shares	-0.03	Equity derivative	Short	USA
Mama's Creations, Inc. Call @ 10 January 2025	-34.21 k	-1.96 k shares	-0.03	Equity derivative	Short	USA
Lantheus Holdings, Inc. Call @ 140 June 2025	-39.24 k	-36.00 shares	-0.04	Equity derivative	Short	USA
Casey's General Stores, Inc. Call @ $400 Expiring February 2025	-51.10 k	-35.00 shares	-0.05	Equity derivative	Short	USA
Valvoline, Inc. Call @ 45 April 2025	-55.55 k	-202.00 shares	-0.05	Equity derivative	Short	USA
BWX Technologies, Inc. Call @ 130 May 2025	-57.00 k	-150.00 shares	-0.05	Equity derivative	Short	USA
Axis Capital Holdings Ltd. Call @ 85 March 2025	-71.71 k	-202.00 shares	-0.07	Equity derivative	Short	USA
Kirby Corporation Call @ 135 March 2025	-74.16 k	-144.00 shares	-0.07	Equity derivative	Short	USA
Lantheus Holdings, Inc. Call @ 110 January 2025	-80.10 k	-60.00 shares	-0.07	Equity derivative	Short	USA
PROCEPT BioRobotics Corp. Call @ 82.5 November 2024	-125.11 k	-191.00 shares	-0.12	Equity derivative	Short	USA
Applied Industrial Technologies, Inc. Call @ 230 February 2025	-129.60 k	-90.00 shares	-0.12	Equity derivative	Short	USA
Encompass Health Corp. Call @ 100 April 2025	-144.78 k	-254.00 shares	-0.14	Equity derivative	Short	USA