VELA SMALL CAP FUND

Fund Profile

Fund profile

Fund manager

VELA Funds

Total assets

$113.74 mm

Liabilities

$1.09 mm

Net assets

$112.65 mm

Number of holdings

95.00

95 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
KEX Kirby Corporation	5.57 mm	52.62 k shares	4.94	Common equity	Long	USA
HUBG Hub Group, Inc.	5.02 mm	112.63 k shares	4.46	Common equity	Long	USA
Federated Hermes Treasury Oligations Fund	4.73 mm	4.73 mm principal	4.20	Short-term investment vehicle	Long	USA
Graham Holdings Co	4.32 mm	4.95 k shares	3.83	Common equity	Long	USA
AXS AXIS Capital Holdings Limited	3.70 mm	41.71 k shares	3.28	Common equity	Long	Bermuda
COKE Coca-Cola Consolidated, Inc.	3.66 mm	2.91 k shares	3.25	Common equity	Long	USA
AIT Applied Industrial Technologies, Inc.	3.62 mm	15.12 k shares	3.21	Common equity	Long	USA
RRC Range Resources Corporation	3.54 mm	98.39 k shares	3.14	Common equity	Long	USA
CORE Core-Mark Hldg Co Inc	3.47 mm	41.02 k shares	3.08	Common equity	Long	USA
CRTO Criteo S.A.	3.19 mm	80.71 k shares	2.83	Common equity	Long	France
MAMA Mama's Creations, Inc.	3.11 mm	391.03 k shares	2.76	Common equity	Long	USA
AGO Assured Guaranty Ltd.	2.98 mm	33.15 k shares	2.65	Common equity	Long	Bermuda
Atlanta Braves Holdings, Inc.	2.80 mm	73.10 k shares	2.48	Common equity	Long	USA
CIVI Civitas Resources, Inc.	2.74 mm	59.72 k shares	2.43	Common equity	Long	USA
GBX The Greenbrier Companies, Inc.	2.68 mm	43.91 k shares	2.38	Common equity	Long	USA
EHC Encompass Health Corporation	2.54 mm	27.49 k shares	2.25	Common equity	Long	USA
AR Antero Resources Corporation	2.48 mm	70.66 k shares	2.20	Common equity	Long	USA
VVV Valvoline Inc.	2.42 mm	66.83 k shares	2.15	Common equity	Long	USA
TTEK Tetra Tech, Inc.	2.39 mm	59.99 k shares	2.12	Common equity	Long	USA
FROG JFrog Ltd.	2.31 mm	78.39 k shares	2.05	Common equity	Long	Israel
AGI Alamos Gold Inc.	2.28 mm	123.40 k shares	2.02	Common equity	Long	Canada
SEB Seaboard Corporation	2.27 mm	935.00 shares	2.02	Common equity	Long	USA
BOKF BOK Financial Corporation	2.22 mm	20.85 k shares	1.97	Common equity	Long	USA
WIX Wix.com Ltd.	2.22 mm	10.33 k shares	1.97	Common equity	Long	Israel
TDW Tidewater Inc.	2.17 mm	39.67 k shares	1.93	Common equity	Long	USA
SRCE 1st Source Corporation	2.15 mm	36.90 k shares	1.91	Common equity	Long	USA
MOV Movado Group, Inc.	1.93 mm	98.11 k shares	1.71	Common equity	Long	USA
CFR Cullen/Frost Bankers, Inc.	1.87 mm	13.93 k shares	1.66	Common equity	Long	USA
BWXT BWX Technologies, Inc.	1.77 mm	15.90 k shares	1.57	Common equity	Long	USA
CPA Copa Holdings, S.A.	1.71 mm	19.42 k shares	1.51	Common equity	Long	Panama
SIBN SI-BONE, Inc.	1.65 mm	117.58 k shares	1.46	Common equity	Long	USA
Ashland Inc.	1.58 mm	22.16 k shares	1.41	Common equity	Long	USA
LECO Lincoln Electric Holdings, Inc.	1.53 mm	8.14 k shares	1.35	Common equity	Long	USA
CASY Casey's General Stores, Inc.	1.47 mm	3.70 k shares	1.30	Common equity	Long	USA
SNCY Sun Country Airlines Holdings, Inc.	1.44 mm	98.91 k shares	1.28	Common equity	Long	USA
MDI Major Drilling Group International Inc	1.44 mm	251.36 k shares	1.27	Common equity	Long	Canada
OLLI Ollie's Bargain Outlet Holdings, Inc.	1.43 mm	12.99 k shares	1.27	Common equity	Long	USA
AGM Federal Agricultural Mortgage Corporation	1.36 mm	6.92 k shares	1.21	Common equity	Long	USA
INDV Indivior PLC	1.22 mm	98.25 k shares	1.08	Common equity	Long	UK
WOR Worthington Industries, Inc.	1.20 mm	29.93 k shares	1.07	Common equity	Long	USA
BRKR Bruker Corporation	1.14 mm	19.43 k shares	1.01	Common equity	Long	USA
JBI Janus International Group, Inc.	1.11 mm	151.64 k shares	0.99	Common equity	Long	USA
Foraco International SA	1.11 mm	663.99 k shares	0.99	Common equity	Long	France
GTX Garrett Motion Inc.	862.15 k	95.48 k shares	0.77	Common equity	Long	USA
COTI Coretag, Inc.	840.02 k	16.50 k shares	0.75	Common equity	Long	USA
SEMR Semrush Holdings, Inc.	832.13 k	70.05 k shares	0.74	Common equity	Long	USA
WHD Cactus, Inc.	815.70 k	13.98 k shares	0.72	Common equity	Long	USA
HLI Houlihan Lokey, Inc.	779.21 k	4.49 k shares	0.69	Common equity	Long	USA
MRVI Maravai LifeSciences Holdings, Inc.	774.37 k	142.09 k shares	0.69	Common equity	Long	USA
AMBC Ambac Financial Group, Inc.	763.66 k	60.37 k shares	0.68	Common equity	Long	USA
ONTO Onto Innovation Inc.	742.85 k	4.46 k shares	0.66	Common equity	Long	USA
BHVN Biohaven Ltd.	427.84 k	11.46 k shares	0.38	Common equity	Long	Virgin Islands (British)
ROIV Roivant Sciences Ltd.	415.69 k	35.14 k shares	0.37	Common equity	Long	Bermuda
RCKT Rocket Pharmaceuticals, Inc.	372.46 k	29.63 k shares	0.33	Common equity	Long	USA
HALO Halozyme Therapeutics, Inc.	355.47 k	7.44 k shares	0.32	Common equity	Long	USA
DNLI Denali Therapeutics Inc.	190.70 k	9.36 k shares	0.17	Common equity	Long	USA
Hub Group, Inc. Call @ 55 January 2025	-107.00	-107.00 shares	-0.00	Equity derivative	Short	USA
Maravai LifeSciences Holdings, Inc. Call @ 17.5 January 2025	-212.00	-212.00 shares	-0.00	Equity derivative	Short	USA
BOK Financial Corp. Call @ 125 March 2024	-1.53 k	-18.00 shares	-0.00	Equity derivative	Short	USA
Lincoln Electric Holdings, Inc. Call @ 240 March 2025	-3.72 k	-24.00 shares	-0.00	Equity derivative	Short	USA
Assured Guaranty Ltd. Call @ 105 April 2025	-4.00 k	-50.00 shares	-0.00	Equity derivative	Short	USA
Greenbrier Companies, Inc./The Call @ 75 March 2025	-5.12 k	-66.00 shares	-0.00	Equity derivative	Short	USA
Performance Food Group Co. Call @ 95 March 2025	-6.75 k	-60.00 shares	-0.01	Equity derivative	Short	USA
1st Source Corp. Call @ 70 February 2025	-7.61 k	-173.00 shares	-0.01	Equity derivative	Short	USA
Core & Main, Inc. Call @ 57.5 March 2025	-8.13 k	-65.00 shares	-0.01	Equity derivative	Short	USA
Applied Industrial Technologies, Inc. Call @ 250 February 2025	-9.00 k	-25.00 shares	-0.01	Equity derivative	Short	USA
Federal Agricultural Mortgage Corp. Call @ 230 May 2025	-9.45 k	-27.00 shares	-0.01	Equity derivative	Short	USA
Denali Therapeutics, Inc. Call @ 30 March 2025	-9.45 k	-84.00 shares	-0.01	Equity derivative	Short	USA
Antero Resources Corp. Call @ 40 February 2025	-10.22 k	-141.00 shares	-0.01	Equity derivative	Short	USA
Movado Group, Inc. Call @ 25 March 2025	-10.37 k	-305.00 shares	-0.01	Equity derivative	Short	USA
Criteo S.A. Call @ 55 April 2025	-10.89 k	-121.00 shares	-0.01	Equity derivative	Short	USA
Kirby Corporation Call @ 135 March 2025	-10.98 k	-191.00 shares	-0.01	Equity derivative	Short	USA
Valvoline, Inc. Call @ 45 April 2025	-11.06 k	-134.00 shares	-0.01	Equity derivative	Short	USA
Antero Resources Corp. Call @ 45 May 2025	-12.48 k	-141.00 shares	-0.01	Equity derivative	Short	USA
Cullen/Frost Bankers, Inc. Call @ 155 April 2025	-15.30 k	-60.00 shares	-0.01	Equity derivative	Short	USA
Biohaven Pharmaceutical Holding Co. Ltd. Call @ 60 April 2025	-17.63 k	-86.00 shares	-0.02	Equity derivative	Short	USA
Ollie's Bargain Outlet Holdings, Inc. Call @ 120, Expiring April 2025	-18.87 k	-37.00 shares	-0.02	Equity derivative	Short	USA
JFrog Ltd Call @ 37.5 June 2025	-19.11 k	-196.00 shares	-0.02	Equity derivative	Short	USA
BOK Financial Corp. Call @ 125 June 2025	-22.10 k	-85.00 shares	-0.02	Equity derivative	Short	USA
Indivior PLC Call @ 15 May 2025	-25.83 k	-246.00 shares	-0.02	Equity derivative	Short	USA
Wix.com Ltd. Call @ 240 April 2025	-26.52 k	-26.00 shares	-0.02	Equity derivative	Short	USA
BWX Technologies, Inc. Call @ 130 May 2025	-27.00 k	-75.00 shares	-0.02	Equity derivative	Short	USA
Core & Main, Inc. Call @ 55 March 2025	-30.64 k	-95.00 shares	-0.03	Equity derivative	Short	USA
Performance Food Group Co. Call @ 90 March 2025	-32.04 k	-144.00 shares	-0.03	Equity derivative	Short	USA
Ollie's Bargain Outlet Holdings, Inc. Call @ 115 April 2024	-34.50 k	-50.00 shares	-0.03	Equity derivative	Short	USA
Cullen/Frost Bankers, Inc. Call @ 125 January 2025	-35.17 k	-35.00 shares	-0.03	Equity derivative	Short	USA
Assured Guaranty Ltd. Call @ 95 April 2025	-39.73 k	-116.00 shares	-0.04	Equity derivative	Short	USA
Casey's General Stores, Inc. Call @ $400 Expiring February 2025	-43.93 k	-35.00 shares	-0.04	Equity derivative	Short	USA
Wix.com Ltd. Call @ $200 Expiring January 2025	-43.94 k	-26.00 shares	-0.04	Equity derivative	Short	USA
Encompass Health Corp. Call @ 100 April 2025	-44.20 k	-170.00 shares	-0.04	Equity derivative	Short	USA
Rocket Pharmaceuticals, Inc. Call @ 15, Expiring April 2025	-50.40 k	-252.00 shares	-0.04	Equity derivative	Short	USA
Antero Resources Corp. Call @ 38 February 2025	-50.56 k	-212.00 shares	-0.04	Equity derivative	Short	USA
Range Resources Corp. Call @ 40 March 2025	-59.00 k	-590.00 shares	-0.05	Equity derivative	Short	USA
Greenbrier Companies, Inc./The Call @ 65 March 2025	-64.97 k	-183.00 shares	-0.06	Equity derivative	Short	USA
Axis Capital Holdings Ltd. Call @ 85 March 2025	-133.32 k	-202.00 shares	-0.12	Equity derivative	Short	USA