VELA INCOME OPPORTUNITIES FUND

Fund Profile

Fund profile

Fund manager

VELA Funds

Total assets

$29.64 mm

Liabilities

$154.39 k

Net assets

$29.48 mm

Number of holdings

128.00

128 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
GBX The Greenbrier Companies, Inc.	1.05 mm	20.68 k shares	3.57	Common equity	Long	USA
MDT Medtronic plc	818.64 k	9.09 k shares	2.78	Common equity	Long	Ireland
SYY Sysco Corporation	764.60 k	9.80 k shares	2.59	Common equity	Long	USA
Federated Hermes Treasury Oligations Fund	644.42 k	644.42 k principal	2.19	Short-term investment vehicle	Long	USA
SU Suncor Energy Inc.	628.49 k	17.02 k shares	2.13	Common equity	Long	Canada
JNJ Johnson & Johnson	628.31 k	3.88 k shares	2.13	Common equity	Long	USA
FLO Flowers Foods, Inc.	616.78 k	26.74 k shares	2.09	Common equity	Long	USA
SBUX Starbucks Corporation	572.95 k	5.88 k shares	1.94	Common equity	Long	USA
FIS Fidelity National Information Services, Inc.	561.21 k	6.70 k shares	1.90	Common equity	Long	USA
KHC The Kraft Heinz Company	538.20 k	15.33 k shares	1.83	Common equity	Long	USA
HII Huntington Ingalls Industries, Inc.	525.59 k	1.99 k shares	1.78	Common equity	Long	USA
BHI BAKER HUGHES a GE Co LLC	523.49 k	14.48 k shares	1.78	Common equity	Long	USA
GPC Genuine Parts Company	516.54 k	3.70 k shares	1.75	Common equity	Long	USA
WEN The Wendy's Company	510.09 k	29.12 k shares	1.73	Common equity	Long	USA
ABT Abbott Laboratories	481.12 k	4.22 k shares	1.63	Common equity	Long	USA
CIVI Civitas Resources, Inc.	471.89 k	9.31 k shares	1.60	Common equity	Long	USA
NSC Norfolk Southern Corporation	469.91 k	1.89 k shares	1.59	Common equity	Long	USA
AXS AXIS Capital Holdings Limited	463.41 k	5.82 k shares	1.57	Common equity	Long	Bermuda
CPA Copa Holdings, S.A.	425.56 k	4.54 k shares	1.44	Common equity	Long	Panama
CMCSA Comcast Corporation	407.47 k	9.76 k shares	1.38	Common equity	Long	USA
FDX FedEx Corporation	365.64 k	1.34 k shares	1.24	Common equity	Long	USA
OMC Omnicom Group Inc.	356.39 k	3.45 k shares	1.21	Common equity	Long	USA
Arch Capital Group Ltd.	354.65 k	17.35 k shares	1.20	Preferred equity	Long	USA
ZTS Zoetis Inc.	333.90 k	1.71 k shares	1.13	Common equity	Long	USA
JPM JPMorgan Chase & Co.	321.56 k	1.53 k shares	1.09	Common equity	Long	USA
MDLZ Mondelez International, Inc.	316.56 k	4.30 k shares	1.07	Common equity	Long	USA
XRAY DENTSPLY SIRONA Inc.	313.22 k	11.58 k shares	1.06	Common equity	Long	USA
MTN Vail Resorts, Inc.	308.84 k	1.77 k shares	1.05	Common equity	Long	USA
MPLX MPLX LP	304.37 k	6.85 k shares	1.03	Common equity	Long	USA
PEP PepsiCo, Inc.	300.65 k	1.77 k shares	1.02	Common equity	Long	USA
Graham Holdings Co.	300.17 k	300.00 k principal	1.02	Debt	Long	USA
Nintendo Co. Ltd.	290.08 k	5.43 k shares	0.98	Common equity	Long	Japan
GPC Genuine Parts Company	287.23 k	250.00 k principal	0.97	Debt	Long	USA
SPG Simon Property Group, Inc.	284.46 k	1.68 k shares	0.96	Common equity	Long	USA
XPO CNW Inc.	281.83 k	265.00 k principal	0.96	Debt	Long	USA
CFR Cullen/Frost Bankers, Inc.	281.22 k	2.51 k shares	0.95	Common equity	Long	USA
PZZA Papa John's International, Inc.	277.94 k	300.00 k principal	0.94	Debt	Long	USA
DRI Darden Restaurants, Inc.	272.37 k	250.00 k principal	0.92	Debt	Long	USA
Oaktree Strategic Credit Fund	270.40 k	250.00 k principal	0.92	Debt	Long	USA
NMRK Newmark Group, Inc.	270.37 k	250.00 k principal	0.92	Debt	Long	USA
Acushnet Co.	263.79 k	250.00 k principal	0.89	Debt	Long	USA
IRM Iron Mountain Incorporated	260.81 k	250.00 k principal	0.88	Debt	Long	USA
Sotera Health Holdings LLC	259.94 k	250.00 k principal	0.88	Debt	Long	USA
BCO The Brink's Company	259.83 k	250.00 k principal	0.88	Debt	Long	USA
BALL Ball Corporation	259.11 k	250.00 k principal	0.88	Debt	Long	USA
Ashland Inc.	257.66 k	240.00 k principal	0.87	Debt	Long	USA
TXN Texas Instruments Incorporated	257.59 k	1.25 k shares	0.87	Common equity	Long	USA
WMS Advanced Drainage Systems, Inc.	255.67 k	250.00 k principal	0.87	Debt	Long	USA
Taylor Morrison Communities, Inc.	255.43 k	250.00 k principal	0.87	Debt	Long	USA
HI Hillenbrand, Inc.	254.71 k	250.00 k principal	0.86	Debt	Long	USA
Cimpress PLC	253.11 k	250.00 k principal	0.86	Debt	Long	Ireland
Sensata Technologies BV	251.23 k	250.00 k principal	0.85	Debt	Long	USA
IBP Installed Building Products, Inc.	249.44 k	250.00 k principal	0.85	Debt	Long	USA
United States Treasury Bill	245.53 k	250.00 k principal	0.83	Debt	Long	USA
Korn Ferry	244.69 k	250.00 k principal	0.83	Debt	Long	USA
Saturn Oil & Gas, Inc.	240.99 k	243.71 k principal	0.82	Debt	Long	USA
SMG The Scotts Miracle-Gro Company	240.66 k	250.00 k principal	0.82	Debt	Long	USA
EHC Encompass Health Corporation	240.11 k	250.00 k principal	0.81	Debt	Long	USA
Simmons Foods, Inc.	237.09 k	250.00 k principal	0.80	Debt	Long	USA
WNC Wabash National Corporation	229.34 k	250.00 k principal	0.78	Debt	Long	USA
VVV Valvoline Inc.	223.98 k	250.00 k principal	0.76	Debt	Long	USA
VSCO Victoria's Secret & Co.	220.93 k	250.00 k principal	0.75	Debt	Long	USA
GRMN Garmin Ltd.	213.70 k	1.21 k shares	0.72	Common equity	Long	USA
AEP American Electric Power Company, Inc.	210.77 k	200.00 k principal	0.71	Debt	Long	USA
Enstar Group Ltd., Series D, 7.00%	210.70 k	10.79 k shares	0.71	Preferred equity	Long	Bermuda
GEN Gen Digital Inc.	205.72 k	200.00 k principal	0.70	Debt	Long	USA
Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op	202.90 k	200.00 k principal	0.69	Debt	Long	USA
Performance Food Group Inc	199.70 k	200.00 k principal	0.68	Debt	Long	USA
MTB M&T Bank Corporation	199.57 k	200.00 k principal	0.68	Debt	Long	USA
FCNCP First Citizens BancShares, Inc.	195.77 k	200.00 k principal	0.66	Debt	Long	USA
SWK Stanley Black & Decker, Inc.	189.92 k	200.00 k principal	0.64	Debt	Long	USA
WOR Worthington Industries, Inc.	189.05 k	210.00 k principal	0.64	Debt	Long	USA
ATKR Atkore Inc.	183.03 k	200.00 k principal	0.62	Debt	Long	USA
TRMK Trustmark Corporation	177.43 k	5.58 k shares	0.60	Common equity	Long	USA
Cullen/Frost Capital Trust II	174.94 k	200.00 k principal	0.59	Debt	Long	USA
Viking Cruises Ltd	164.68 k	150.00 k principal	0.56	Debt	Long	USA
Air Canada 2020-1 Class C Pass Through Trust	161.84 k	150.00 k principal	0.55	ABS-other	Long	USA
Bank OZK	161.04 k	8.70 k shares	0.55	Preferred equity	Long	USA
Bayer US Finance LLC	160.54 k	150.00 k principal	0.54	Debt	Long	USA
SF Stifel Financial Corp.	157.56 k	6.30 k shares	0.53	Preferred equity	Long	USA
CNX CNX Resources Corporation	156.91 k	150.00 k principal	0.53	Debt	Long	USA
RDN Radian Group Inc.	156.73 k	150.00 k principal	0.53	Debt	Long	USA
C Citigroup Inc.	156.47 k	150.00 k principal	0.53	Debt	Long	USA
CHDN Churchill Downs Incorporated	155.09 k	150.00 k principal	0.53	Debt	Long	USA
AR Antero Resources Corporation	155.06 k	150.00 k principal	0.53	Debt	Long	USA
Wendy's International LLC	153.21 k	150.00 k principal	0.52	Debt	Long	USA
United States Treasury Note	151.81 k	150.00 k principal	0.51	Debt	Long	USA
C Citigroup Inc.	151.18 k	2.42 k shares	0.51	Common equity	Long	USA
United States Treasury Note	150.69 k	150.00 k principal	0.51	Debt	Long	USA
Nexstar Media Inc	148.70 k	150.00 k principal	0.50	Debt	Long	USA
ALGT Allegiant Travel Company	148.18 k	150.00 k principal	0.50	Debt	Long	USA
HBAN Huntington Bancshares Incorporated	146.98 k	5.70 k shares	0.50	Preferred equity	Long	USA
AXIS Capital Holdings Limited	145.76 k	6.39 k shares	0.49	Preferred equity	Long	USA
BWXT BWX Technologies, Inc.	144.81 k	150.00 k principal	0.49	Debt	Long	USA
AMN Healthcare, Inc.	140.36 k	150.00 k principal	0.48	Debt	Long	USA
Morgan Stanley, Series I, 6.375%	139.00 k	5.49 k shares	0.47	Preferred equity	Long	USA
MOV Movado Group, Inc.	138.53 k	7.45 k shares	0.47	Common equity	Long	USA
AGM Federal Agricultural Mortgage Corporation	134.75 k	719.00 shares	0.46	Common equity	Long	USA
Bank OZK	123.75 k	150.00 k principal	0.42	Debt	Long	USA
NWE NorthWestern Corporation	93.67 k	1.64 k shares	0.32	Common equity	Long	USA
FedEx Corp. Call @ 320 October 2024	-39.00	-6.00 shares	-0.00	Equity derivative	Short	USA
Trustmark Corp. Call @ 40 November 2024	-53.00	-53.00 shares	-0.00	Equity derivative	Short	USA
Wendy's Co./The Call @ 23 November 2024	-73.00	-73.00 shares	-0.00	Equity derivative	Short	USA
Flowers Foods, Inc. Call @ 25 October 2024	-88.00	-88.00 shares	-0.00	Equity derivative	Short	USA
FedEx Corp. Call @ 300 October 2024	-90.00	-3.00 shares	-0.00	Equity derivative	Short	USA
Huntington Ingalls Industries, Inc. Call @ 300 December 2024	-1.78 k	-9.00 shares	-0.01	Equity derivative	Short	USA
Fidelity National Information Services, Inc. Call @ 95 January 2025	-2.15 k	-22.00 shares	-0.01	Equity derivative	Short	USA
Suncor Energy, Inc. Call @ 45 January 2025	-2.19 k	-86.00 shares	-0.01	Equity derivative	Short	USA
Garmin Ltd. Call @ 195 January 2025	-2.30 k	-8.00 shares	-0.01	Equity derivative	Short	USA
Comcast Corp. Call @ 47.5 January 2025	-2.51 k	-47.00 shares	-0.01	Equity derivative	Short	USA
Greenbrier Companies, Inc./The Call @ 65 December 2024	-2.60 k	-52.00 shares	-0.01	Equity derivative	Short	USA
Abbott Laboratories Call @ 120 January 2025	-3.04 k	-10.00 shares	-0.01	Equity derivative	Short	USA
Genuine Parts Co. Call @ 165, Expiring February 2025	-4.01 k	-18.00 shares	-0.01	Equity derivative	Short	USA
Zoetis, Inc. Call @ 210 January 2025	-4.24 k	-8.00 shares	-0.01	Equity derivative	Short	USA
Fidelity National Information Services, Inc. Call @ 90 January 2025	-4.62 k	-22.00 shares	-0.02	Equity derivative	Short	USA
Abbott Laboratories Call @ 125 June 2025	-4.79 k	-11.00 shares	-0.02	Equity derivative	Short	USA
Texas Instruments, Inc. Call @ 230 January 2025	-4.80 k	-10.00 shares	-0.02	Equity derivative	Short	USA
Abbott Laboratories Call @ 115 January 2025	-5.67 k	-11.00 shares	-0.02	Equity derivative	Short	USA
Mondelez International, Inc. Call @ 80 March 2025	-6.20 k	-40.00 shares	-0.02	Equity derivative	Short	USA
Axis Capital Holdings Ltd. Call @ 80 December 2024	-6.56 k	-19.00 shares	-0.02	Equity derivative	Short	USA
Greenbrier Companies, Inc./The Call @ 65 March 2025	-7.15 k	-52.00 shares	-0.02	Equity derivative	Short	USA
Zoetis, Inc. Call @ 220 June 2025	-7.44 k	-8.00 shares	-0.03	Equity derivative	Short	USA
Baker Hughes Co. Call @ 41 January 2025	-8.12 k	-116.00 shares	-0.03	Equity derivative	Short	USA
Omnicom Group, Inc. Call @ 105 January 2025	-8.41 k	-17.00 shares	-0.03	Equity derivative	Short	USA
Starbucks Corp. Call @ 97.5 January 2025	-9.30 k	-15.00 shares	-0.03	Equity derivative	Short	USA
Norfolk Southern Corp. Call @ 250 December 2024	-10.31 k	-9.00 shares	-0.03	Equity derivative	Short	USA
Medtronic PLC Call @ 95 February 2025	-11.97 k	-45.00 shares	-0.04	Equity derivative	Short	USA
Starbucks Corp. Call @ 92.5 January 2025	-12.38 k	-15.00 shares	-0.04	Equity derivative	Short	USA