{"entity_type":"fund","name":"VELA SMALL CAP FUND","identifiers":{"lei":"549300SE8BRG0OLRTP40","cik":"1815493","fund_id":"S000069564","fundkey":"vela-small-cap-fund"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2026-09-30","filing_date":"2026-02-27"},"summary":{"total_positions":59,"total_value_usd":154812715.52,"asset_categories":["EC","DE","STIV"],"by_asset_category":{"EC":{"positions":57,"total_value_usd":153164176.84},"STIV":{"positions":1,"total_value_usd":1985208.68},"DE":{"positions":1,"total_value_usd":-336670}}},"holdings":[{"issuer_name":"Kirby Corp","title":"Kirby Corporation","isin":"US4972661064","value_usd":7494002.88,"pct_val":4.882642118884,"balance":68016,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"HUB Group Inc","title":"Hub Group, Inc.","isin":"US4433201062","value_usd":6800215.12,"pct_val":4.430611689648,"balance":159592,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Criteo S.A","title":"Criteo S.A.","isin":"US2267181046","value_usd":6044748.12,"pct_val":3.938394772642,"balance":293292,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AXIS Capital Holdings Limited","title":"Axis Capital Holdings Ltd.","isin":"BMG0692U1099","value_usd":4553038.44,"pct_val":2.966486350755,"balance":42516,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Wix.com Limited","title":"Wix.com Ltd.","isin":"IL0011301780","value_usd":4133575.32,"pct_val":2.69318937852,"balance":39788,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Coca-Cola Consolidated Inc","title":"Coca-Cola Consolidated, Inc.","isin":"US1910981026","value_usd":3920340.9,"pct_val":2.554258639239,"balance":25573,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Pool Corporation","title":"Pool Corporation","isin":"US73278L1052","value_usd":3846888.75,"pct_val":2.506401630501,"balance":16817,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Lincoln Electric Holdings Inc.","title":"Lincoln Electric Holdings, Inc.","isin":"US5339001068","value_usd":3747011.04,"pct_val":2.441327314225,"balance":15636,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Murphy USA Inc.","title":"Murphy USA, Inc.","isin":"US6267551025","value_usd":3544116.16,"pct_val":2.309133198122,"balance":8783,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Bruker Corporation","title":"Bruker Corporation","isin":"US1167941087","value_usd":3345705.09,"pct_val":2.179860463277,"balance":71019,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Sun Country Airlines Holdings Inc.","title":"Sun Country Airlines Holdings, Inc.","isin":"US8666831057","value_usd":3287078.92,"pct_val":2.141663172524,"balance":228428,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Applied Industrial Technologies Inc.","title":"Applied Industrial Technologies, Inc.","isin":"US03820C1053","value_usd":3193448.49,"pct_val":2.080659208628,"balance":12437,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Movado Group Inc","title":"Movado Group, Inc.","isin":"US6245801062","value_usd":3188346.88,"pct_val":2.077335306001,"balance":154624,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"The Greenbrier Companies, Inc.","title":"Greenbrier Companies, Inc. (The)","isin":"US3936571013","value_usd":3157567.44,"pct_val":2.057281271789,"balance":67556,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Antero Resources Corporation","title":"Antero Resources Corporation","isin":"US03674X1063","value_usd":3125142.94,"pct_val":2.036155415299,"balance":90689,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Atlanta Braves Holdings Inc","title":"Atlanta Braves Holdings, Inc.","isin":"US0477263026","value_usd":3096746.1,"pct_val":2.017653740126,"balance":78498,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Worthington Enterprises Inc","title":"Worthington Enterprises, Inc.","isin":"US9818111026","value_usd":3039381.09,"pct_val":1.980278145473,"balance":58937,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cactus Inc","title":"Cactus, Inc.","isin":"US1272031071","value_usd":3022599.92,"pct_val":1.96934454313,"balance":66169,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Shift4 Payments Inc","title":"Shift4 Payments, Inc.","isin":"US82452J1097","value_usd":3007825.02,"pct_val":1.959718105804,"balance":47766,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Assured Guaranty Ltd.","title":"Assured Guaranty Ltd.","isin":"BMG0585R1060","value_usd":2978741.15,"pct_val":1.940768803153,"balance":33145,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Mama's Creations, Inc","title":"Mama's Creations, Inc.","isin":"US56146T1034","value_usd":2894171.58,"pct_val":1.885668351356,"balance":214542,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Valvoline Inc","title":"Valvoline, Inc.","isin":"US92047W1018","value_usd":2887721.26,"pct_val":1.881465710308,"balance":99371,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Gildan Activewear Inc.","title":"Gildan Activewear, Inc.","isin":"CA3759161035","value_usd":2830062.6,"pct_val":1.843898790954,"balance":45310,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Major Drilling Group Intl Inc","title":"Major Drilling Group International, Inc.","isin":"CA5609091031","value_usd":2670967.38,"pct_val":1.740241902303,"balance":284193,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Performance Food Group Co.","title":"Performance Food Group Company","isin":"US71377A1034","value_usd":2656056.96,"pct_val":1.730527168285,"balance":29538,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SI-BONE Inc.","title":"SI-BONE, Inc.","isin":"US8257041090","value_usd":2631969.24,"pct_val":1.71483305686,"balance":133467,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Installed Building Products Inc","title":"Installed Building Products, Inc.","isin":"US45780R1014","value_usd":2609204.01,"pct_val":1.700000600478,"balance":10059,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Alamos Gold Inc.","title":"Alamos Gold, Inc.","isin":"CA0115321089","value_usd":2577761.28,"pct_val":1.679514406346,"balance":66816,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Seaboard Corp Del","title":"Seaboard Corporation","isin":"US8115431079","value_usd":2471319.92,"pct_val":1.610163610002,"balance":556,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Janus International Group Inc","title":"Janus International Group, Inc.","isin":"US47103N1063","value_usd":2350175.16,"pct_val":1.531232961438,"balance":359354,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Copa Holdings SA","title":"Copa Holdings S.A.","isin":"PAP310761054","value_usd":2341884.37,"pct_val":1.525831180694,"balance":19417,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"PA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Henry Jack & Associates Inc.","title":"Jack Henry & Associates, Inc.","isin":"US4262811015","value_usd":2326802.48,"pct_val":1.516004727125,"balance":12751,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Carlisle Companies Inc.","title":"Carlisle Companies, Inc.","isin":"US1423391002","value_usd":2291157.18,"pct_val":1.492780390825,"balance":7163,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Supernus Pharmaceuticals, Inc","title":"Supernus Pharmaceuticals, Inc.","isin":"US8684591089","value_usd":2279092.9,"pct_val":1.484920030667,"balance":45857,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Simpson Manufacturing Co Inc.","title":"Simpson Manufacturing Company, Inc.","isin":"US8290731053","value_usd":2269945.26,"pct_val":1.478959977933,"balance":14058,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Teradyne Inc.","title":"Teradyne, Inc.","isin":"US8807701029","value_usd":2268329.64,"pct_val":1.47790733699,"balance":11719,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Proficient Auto Logistics Inc","title":"Proficient Auto Logistics, Inc.","isin":"US74317M1045","value_usd":2194873.76,"pct_val":1.430047898008,"balance":227684,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Graham Holdings Co","title":"Graham Holdings Company","isin":"US3846371041","value_usd":2170833.6,"pct_val":1.414384773822,"balance":1976,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Range Resources Corp.","title":"Range Resources Corporation","isin":"US75281A1097","value_usd":2128258.34,"pct_val":1.386645291861,"balance":60359,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Globus Med Inc","title":"Globus Medical, Inc.","isin":"US3795772082","value_usd":2118839.08,"pct_val":1.380508267852,"balance":24268,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BOK Financial Corp","title":"BOK Financial Corporation","isin":"US05561Q2012","value_usd":1989298.78,"pct_val":1.296107589736,"balance":16793,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"First American Funds Inc.","title":"First American Treasury Obligations Fund","isin":"US31846V3289","value_usd":1985208.68,"pct_val":1.293442726264,"balance":1985208.68,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Net Lease Office Properties","title":"NET Lease Office Properties","isin":"US64110Y1082","value_usd":1963624.81,"pct_val":1.279379973095,"balance":76139,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"The Toro Company","title":"Toro Company (The)","isin":"US8910921084","value_usd":1957215.36,"pct_val":1.275203960485,"balance":24863,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EPAM Systems Inc.","title":"EPAM Systems, Inc.","isin":"US29414B1044","value_usd":1827119.84,"pct_val":1.190441534369,"balance":8918,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Align Technology Inc.","title":"Align Technology, Inc.","isin":"US0162551016","value_usd":1637076.6,"pct_val":1.066620774904,"balance":10484,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SPS Commerce Inc","title":"SPS Commerce, Inc.","isin":"US78463M1071","value_usd":1610668.23,"pct_val":1.049414667338,"balance":18071,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ingles Markets, Incorporated","title":"Ingles Markets, Inc.","isin":"US4570301048","value_usd":1609211.25,"pct_val":1.048465386689,"balance":23475,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Encompass Health Corporation","title":"Encompass Health Corporation","isin":"US29261A1007","value_usd":1546035.24,"pct_val":1.007303693497,"balance":14566,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"National Fuel Gas Company","title":"National Fuel Gas Company","isin":"US6361801011","value_usd":1496401.46,"pct_val":0.974965303904,"balance":18691,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BRP Inc.","title":"BRP, Inc.","isin":"CA05577W2004","value_usd":1488012.04,"pct_val":0.969499261776,"balance":21029,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CA","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tidewater Inc New","title":"Tidewater, Inc.","isin":"US88642R1095","value_usd":1480448.1,"pct_val":0.964571052831,"balance":29310,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Monarch Cement Co","title":"Monarch Cement Company (The)","isin":"US6090313072","value_usd":1410470,"pct_val":0.91897752639,"balance":6002,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Newmarket Corporation","title":"NewMarket Corporation","isin":"US6515871076","value_usd":1358713.02,"pct_val":0.885255787215,"balance":1977,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Octave Specialty Group Inc.","title":"Ambac Financial Group, Inc.","isin":"US0231398845","value_usd":1322592.22,"pct_val":0.861721643678,"balance":169999,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Procept Biorobotics Corp.","title":"PROCEPT BioRobotics Corporation","isin":"US74276L1052","value_usd":1061145.8,"pct_val":0.691378861247,"balance":33730,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Etsy Inc","title":"Etsy, Inc.","isin":"US29786A1060","value_usd":957504.24,"pct_val":0.623852246402,"balance":17271,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BWX Technologies Inc.","title":"BWX Technologies, Inc.","isin":"US05605H1005","value_usd":952694.08,"pct_val":0.620718235088,"balance":5512,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"THE OPTIONS CLEARING CORPORATION","title":"Alamos Gold, Inc. 03/20/2026 34 Call","isin":null,"value_usd":-336670,"pct_val":-0.21935394854,"balance":-514,"units":"NS","currency":"USD","asset_cat":"DE","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Short"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1815493&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/vela-small-cap-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/vela-small-cap-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: VELA SMALL CAP FUND | LEI: 549300SE8BRG0OLRTP40 | 59 positions totaling $154,812,716 across EC, DE, STIV | Filing: Thu Feb 26 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-27"}