# EDGAR Filing Document

**Accession Number:** 0001895612
**File Stem:** 0001895612-23-000002
**Filing Date:** 2023-1
**Character Count:** 16966
**Document Hash:** a230d281fd05791043f46dbf386dec00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001895612-23-000002.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001895612-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**EFFECTIVENESS DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VELA Investment Management, LLC
- **CENTRAL INDEX KEY:** 0001895612
- **IRS NUMBER:** 843778213
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21675
- **FILM NUMBER:** 23571939

**BUSINESS ADDRESS:**
- **STREET 1:** 220 MARKET ST.
- **STREET 2:** SUITE 208
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054
- **BUSINESS PHONE:** 6146538352

**MAIL ADDRESS:**
- **STREET 1:** 220 MARKET ST.
- **STREET 2:** SUITE 208
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** VELA Investment Management LLC<br>**Address:** 220 MARKET ST.<br>SUITE 208<br>NEW ALBANY, OH 43054

**Form 13F File Number:** 028-21675

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stacey Madison<br>**Title:** Operations Manager<br>**Phone:** 6149294512

**Signature, Place, and Date of Signing:**

Stacey Madison  New Albany, OH  01-31-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 139

**Form 13F Information Table Value Total:** $202458975

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Realty Income Corp | COM | 756109104 |  | 369924 | 5832 | SH |  | SOLE |  | 5832 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 |  | 593979 | 5056 | SH |  | SOLE |  | 5056 | 0 | 0 |
| 1st Source Corp | COM | 336901103 |  | 1174563 | 22124 | SH |  | SOLE |  | 22124 | 0 | 0 |
| Abbott Laboratories Com | COM | 002824100 |  | 2506286 | 22828 | SH |  | SOLE |  | 22828 | 0 | 0 |
| AbbVie Inc | COM | 00287Y109 |  | 2914960 | 18037 | SH |  | SOLE |  | 18037 | 0 | 0 |
| AbbVie Inc | COM | 00287Y109 |  | 20201 | 125 | SH |  | DFND |  | 0 | 0 | 125 |
| Accenture PLC Ireland  Class A | COM | G1151C101 |  | 810126 | 3036 | SH |  | SOLE |  | 3036 | 0 | 0 |
| Activision Blizzard Inc | COM | 00507V109 |  | 265552 | 3469 | SH |  | SOLE |  | 3469 | 0 | 0 |
| Adobe Systems Incorporated | COM | 00724F101 |  | 1504962 | 4472 | SH |  | SOLE |  | 4472 | 0 | 0 |
| Alamos Gold Inc | COM | 011532108 |  | 202200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| Alnylam Pharmaceuticals Inc | COM | 02043Q107 |  | 790186 | 3325 | SH |  | SOLE |  | 3325 | 0 | 0 |
| Alphabet Inc Cl A | COM | 02079K305 |  | 4072609 | 46159 | SH |  | SOLE |  | 46159 | 0 | 0 |
| Apple Inc | COM | 037833100 |  | 1176029 | 9051 | SH |  | SOLE |  | 9051 | 0 | 0 |
| Applied Indl Technologies Inc | COM | 03820C105 |  | 2456325 | 19490 | SH |  | SOLE |  | 19490 | 0 | 0 |
| Aptiv PLC | COM | G6095L109 |  | 245863 | 2640 | SH |  | SOLE |  | 2640 | 0 | 0 |
| Arch Capital Group Ltd | COM | G0450A105 |  | 4101229 | 65327 | SH |  | SOLE |  | 65327 | 0 | 0 |
| Ashland Inc | COM | 044186104 |  | 5389081 | 50117 | SH |  | SOLE |  | 50117 | 0 | 0 |
| Assured Guaranty Ltd | COM | G0585R106 |  | 1433225 | 23020 | SH |  | SOLE |  | 23020 | 0 | 0 |
| Avery Dennison Corp | COM | 053611109 |  | 1138128 | 6288 | SH |  | SOLE |  | 6288 | 0 | 0 |
| Axis Cap Holdings Ltd | COM | G0692U109 |  | 2210515 | 40807 | SH |  | SOLE |  | 40807 | 0 | 0 |
| Baker Hughes Company Cl A | COM | 05722G100 |  | 1280303 | 43356 | SH |  | SOLE |  | 43356 | 0 | 0 |
| Bank of America Corp | COM | 060505104 |  | 792727 | 23935 | SH |  | SOLE |  | 23935 | 0 | 0 |
| Bank Ozk Com | COM | 06417N103 |  | 2869858 | 71639 | SH |  | SOLE |  | 71639 | 0 | 0 |
| Berkshire Hathaway Inc Cl B | COM | 084670702 |  | 8278829 | 26801 | SH |  | SOLE |  | 26801 | 0 | 0 |
| BioMarin Pharmaceutical Inc | COM | 09061G101 |  | 361387 | 3492 | SH |  | SOLE |  | 3492 | 0 | 0 |
| BOK Financial Corp | COM | 05561Q201 |  | 1773875 | 17091 | SH |  | SOLE |  | 17091 | 0 | 0 |
| Boston Scientific Corp | COM | 101137107 |  | 721997 | 15604 | SH |  | SOLE |  | 15604 | 0 | 0 |
| Bwx Technologies Inc | COM | 05605H100 |  | 4195583 | 72238 | SH |  | SOLE |  | 72238 | 0 | 0 |
| CenterPoint Energy Inc | COM | 15189T107 |  | 534422 | 17820 | SH |  | SOLE |  | 17820 | 0 | 0 |
| ChargePoint Holdings Inc | COM | 15961R105 |  | 236430 | 24809 | SH |  | SOLE |  | 24809 | 0 | 0 |
| Charles Schwab Corp | COM | 808513105 |  | 4629006 | 55597 | SH |  | SOLE |  | 55597 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 271739 | 5704 | SH |  | SOLE |  | 5704 | 0 | 0 |
| Citigroup Inc New | COM | 172967424 |  | 261113 | 5773 | SH |  | SOLE |  | 5773 | 0 | 0 |
| Civitas Resources Inc Com New | COM | 17888H103 |  | 5430126 | 93736 | SH |  | SOLE |  | 93736 | 0 | 0 |
| Coca-Cola Co | COM | 191216100 |  | 305010 | 4795 | SH |  | SOLE |  | 4795 | 0 | 0 |
| Comcast Corp Cl A | COM | 20030N101 |  | 1146002 | 32771 | SH |  | SOLE |  | 32771 | 0 | 0 |
| Community Trust Bancorp | COM | 204149108 |  | 1029751 | 22420 | SH |  | SOLE |  | 22420 | 0 | 0 |
| Copa Holdings SA Cl A | COM | P31076105 |  | 994796 | 11961 | SH |  | SOLE |  | 11961 | 0 | 0 |
| Coterra Energy Inc Com | COM | 127097103 |  | 569066 | 23161 | SH |  | SOLE |  | 23161 | 0 | 0 |
| CSX Corp | COM | 126408103 |  | 512285 | 16536 | SH |  | SOLE |  | 16536 | 0 | 0 |
| Deere  Co | COM | 244199105 |  | 1462500 | 3411 | SH |  | SOLE |  | 3411 | 0 | 0 |
| Denali Therapeutics Inc. | COM | 24823R105 |  | 382276 | 13746 | SH |  | SOLE |  | 13746 | 0 | 0 |
| Devon Energy Corp New Com | COM | 25179M103 |  | 643210 | 10457 | SH |  | SOLE |  | 10457 | 0 | 0 |
| Dollar General Corp | COM | 256677105 |  | 1858449 | 7547 | SH |  | SOLE |  | 7547 | 0 | 0 |
| Encompass Health Corp | COM | 29261A100 |  | 1492259 | 24950 | SH |  | SOLE |  | 24950 | 0 | 0 |
| Envista Holdings Corporation | COM | 29415F104 |  | 1569291 | 46608 | SH |  | SOLE |  | 46608 | 0 | 0 |
| EQT Corp | COM | 26884L109 |  | 544832 | 16105 | SH |  | SOLE |  | 16105 | 0 | 0 |
| Exelon Corp | COM | 30161N101 |  | 1007345 | 23302 | SH |  | SOLE |  | 23302 | 0 | 0 |
| Fastenal Co | COM | 311900104 |  | 246206 | 5203 | SH |  | SOLE |  | 5203 | 0 | 0 |
| FedEx Corp | COM | 31428X106 |  | 721032 | 4163 | SH |  | SOLE |  | 4163 | 0 | 0 |
| Fidelity Natl Information Serv | COM | 31620M106 |  | 1078883 | 15901 | SH |  | SOLE |  | 15901 | 0 | 0 |
| First Republic Bank San Franci | COM | 33616C100 |  | 1455610 | 11942 | SH |  | SOLE |  | 11942 | 0 | 0 |
| Flowers Foods Inc Com | COM | 343498101 |  | 1489106 | 51813 | SH |  | SOLE |  | 51813 | 0 | 0 |
| Genuine Parts Co | COM | 372460105 |  | 305204 | 1759 | SH |  | SOLE |  | 1759 | 0 | 0 |
| Gildan Activewear Inc | COM | 375916103 |  | 796491 | 29069 | SH |  | SOLE |  | 29069 | 0 | 0 |
| Goldman Sachs Group Inc | COM | 38141G104 |  | 590614 | 1720 | SH |  | SOLE |  | 1720 | 0 | 0 |
| Graham Hldgs Co Com Cl B | COM | 384637104 |  | 4263910 | 7057 | SH |  | SOLE |  | 7057 | 0 | 0 |
| Green Brick Partners Inc | COM | 392709101 |  | 790286 | 32616 | SH |  | SOLE |  | 32616 | 0 | 0 |
| Greenbrier Cos Inc | COM | 393657101 |  | 4464654 | 133154 | SH |  | SOLE |  | 133154 | 0 | 0 |
| Hingham Institution for Saving | COM | 433323102 |  | 325081 | 1178 | SH |  | SOLE |  | 1178 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 1124462 | 3560 | SH |  | SOLE |  | 3560 | 0 | 0 |
| Horizon Therapeutics Pub L | COM | G46188101 |  | 386010 | 3392 | SH |  | SOLE |  | 3392 | 0 | 0 |
| Houlihan Lokey | COM | 441593100 |  | 520345 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| Hub Group Inc Cl A | COM | 443320106 |  | 6779464 | 85287 | SH |  | SOLE |  | 85287 | 0 | 0 |
| Humana Inc | COM | 444859102 |  | 5026120 | 9813 | SH |  | SOLE |  | 9813 | 0 | 0 |
| Hunt J B Trans Services Inc | COM | 445658107 |  | 466587 | 2676 | SH |  | SOLE |  | 2676 | 0 | 0 |
| Huntington Ingalls Industries | COM | 446413106 |  | 1445210 | 6265 | SH |  | SOLE |  | 6265 | 0 | 0 |
| Jazz Pharmaceuticals PLC USD | COM | G50871105 |  | 275288 | 1728 | SH |  | SOLE |  | 1728 | 0 | 0 |
| Jfrog Ltd | COM | M6191J100 |  | 940120 | 44075 | SH |  | SOLE |  | 44075 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 1065376 | 6031 | SH |  | SOLE |  | 6031 | 0 | 0 |
| Johnson Controls Intl PLC | COM | G51502105 |  | 1236672 | 19323 | SH |  | SOLE |  | 19323 | 0 | 0 |
| JP Morgan Chase  Co | COM | 46625H100 |  | 444139 | 3312 | SH |  | SOLE |  | 3312 | 0 | 0 |
| Kirby Corp | COM | 497266106 |  | 8241047 | 128066 | SH |  | SOLE |  | 128066 | 0 | 0 |
| Kraft Heinz Co | COM | 500754106 |  | 1336754 | 32836 | SH |  | SOLE |  | 32836 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COM | 516544103 |  | 249092 | 4888 | SH |  | SOLE |  | 4888 | 0 | 0 |
| Lazydays Holdings Inc. | COM | 52110H100 |  | 805234 | 67440 | SH |  | SOLE |  | 67440 | 0 | 0 |
| Liberty Media Corp  C Braves G | COM | 531229888 |  | 1793084 | 55634 | SH |  | SOLE |  | 55634 | 0 | 0 |
| Linde PLC | COM | G5494J103 |  | 1740170 | 5335 | SH |  | SOLE |  | 5335 | 0 | 0 |
| Livanova PLC | COM | G5509L101 |  | 676866 | 12187 | SH |  | SOLE |  | 12187 | 0 | 0 |
| Live Nation Entertainment Inc | COM | 538034109 |  | 375271 | 5381 | SH |  | SOLE |  | 5381 | 0 | 0 |
| Live Oak Bancshares Inc | COM | 53803X105 |  | 3182718 | 105388 | SH |  | SOLE |  | 105388 | 0 | 0 |
| MBIA INC COM | COM | 55262C100 |  | 683414 | 53184 | SH |  | SOLE |  | 53184 | 0 | 0 |
| Medtronic PLC | COM | G5960L103 |  | 1943622 | 25008 | SH |  | SOLE |  | 25008 | 0 | 0 |
| Mercury General Corp | COM | 589400100 |  | 263408 | 7702 | SH |  | SOLE |  | 7702 | 0 | 0 |
| MetLife Inc | COM | 59156R108 |  | 779063 | 10765 | SH |  | SOLE |  | 10765 | 0 | 0 |
| Mgp Ingredients Inc | COM | 55303J106 |  | 708278 | 6658 | SH |  | SOLE |  | 6658 | 0 | 0 |
| Microchip Technology Inc | COM | 595017104 |  | 573591 | 8165 | SH |  | SOLE |  | 8165 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 1404799 | 5858 | SH |  | SOLE |  | 5858 | 0 | 0 |
| Mondelez Intl Inc Cl A | COM | 609207105 |  | 535000 | 8027 | SH |  | SOLE |  | 8027 | 0 | 0 |
| National Healthcare Corporatio | COM | 635906100 |  | 1681946 | 28268 | SH |  | SOLE |  | 28268 | 0 | 0 |
| Norfolk Southern Corp | COM | 655844108 |  | 539413 | 2189 | SH |  | SOLE |  | 2189 | 0 | 0 |
| Northrop Grumman Corp | COM | 666807102 |  | 4278674 | 7842 | SH |  | SOLE |  | 7842 | 0 | 0 |
| NorthWestern Corporation | COM | 668074305 |  | 536196 | 9036 | SH |  | SOLE |  | 9036 | 0 | 0 |
| Nutanix Inc Cl A | COM | 67059N108 |  | 1004566 | 38563 | SH |  | SOLE |  | 38563 | 0 | 0 |
| NVR Inc | COM | 62944T105 |  | 747238 | 162 | SH |  | SOLE |  | 162 | 0 | 0 |
| O'Reilly Automotive Inc | COM | 67103H107 |  | 3025004 | 3584 | SH |  | SOLE |  | 3584 | 0 | 0 |
| Ollies Bargain Outlet Holdings | COM | 681116109 |  | 1365339 | 29149 | SH |  | SOLE |  | 29149 | 0 | 0 |
| Omnicom Group Inc | COM | 681919106 |  | 419841 | 5147 | SH |  | SOLE |  | 5147 | 0 | 0 |
| Papa Johns International Inc. | COM | 698813102 |  | 990601 | 12035 | SH |  | SOLE |  | 12035 | 0 | 0 |
| Paypal Holdings Inc | COM | 70450Y103 |  | 421124 | 5913 | SH |  | SOLE |  | 5913 | 0 | 0 |
| Pdc Energy Inc | COM | 69327R101 |  | 2171397 | 34206 | SH |  | SOLE |  | 34206 | 0 | 0 |
| PepsiCo Inc | COM | 713448108 |  | 917753 | 5080 | SH |  | SOLE |  | 5080 | 0 | 0 |
| Performance Food Group Co. | COM | 71377A103 |  | 1424074 | 24389 | SH |  | SOLE |  | 24389 | 0 | 0 |
| Pioneer Natural Resources Co | COM | 723787107 |  | 651825 | 2854 | SH |  | SOLE |  | 2854 | 0 | 0 |
| Polaris Inc Com | COM | 731068102 |  | 1021110 | 10110 | SH |  | SOLE |  | 10110 | 0 | 0 |
| Prudential Financial Inc | COM | 744320102 |  | 386800 | 3889 | SH |  | SOLE |  | 3889 | 0 | 0 |
| Prudential Financial Inc | COM | 744320102 |  | 15914 | 160 | SH |  | DFND |  | 0 | 0 | 160 |
| Range Resources Corporation | COM | 75281A109 |  | 2392062 | 95606 | SH |  | SOLE |  | 95606 | 0 | 0 |
| RPM Intl Inc | COM | 749685103 |  | 1135975 | 11657 | SH |  | SOLE |  | 11657 | 0 | 0 |
| Salesforce Inc | COM | 79466L302 |  | 630731 | 4757 | SH |  | SOLE |  | 4757 | 0 | 0 |
| Scotts Miracle-Gro Co Cl A | COM | 810186106 |  | 2077368 | 42753 | SH |  | SOLE |  | 42753 | 0 | 0 |
| SI-BONE Inc. | COM | 825704109 |  | 646272 | 47520 | SH |  | SOLE |  | 47520 | 0 | 0 |
| Southwest Gas Holdings Inc | COM | 844895102 |  | 915205 | 14790 | SH |  | SOLE |  | 14790 | 0 | 0 |
| Starbucks Corp | COM | 855244109 |  | 984659 | 9926 | SH |  | SOLE |  | 9926 | 0 | 0 |
| Suncor Energy Inc | COM | 867224107 |  | 2012697 | 63432 | SH |  | SOLE |  | 63432 | 0 | 0 |
| SVB Financial Group | COM | 78486Q101 |  | 359249 | 1561 | SH |  | SOLE |  | 1561 | 0 | 0 |
| Sysco Corp | COM | 871829107 |  | 2759616 | 36097 | SH |  | SOLE |  | 36097 | 0 | 0 |
| T-Mobile US Inc | COM | 872590104 |  | 597380 | 4267 | SH |  | SOLE |  | 4267 | 0 | 0 |
| Teradyne Inc | COM | 880770102 |  | 2010273 | 23014 | SH |  | SOLE |  | 23014 | 0 | 0 |
| Texas Instruments Inc | COM | 882508104 |  | 473521 | 2866 | SH |  | SOLE |  | 2866 | 0 | 0 |
| Texas Pacific Land Corporation | COM | 88262P102 |  | 2215297 | 945 | SH |  | SOLE |  | 945 | 0 | 0 |
| TJX Cos Inc | COM | 872540109 |  | 1281003 | 16093 | SH |  | SOLE |  | 16093 | 0 | 0 |
| Umb Finl Corp Com | COM | 902788108 |  | 1331309 | 15940 | SH |  | SOLE |  | 15940 | 0 | 0 |
| Vail Resorts Inc | COM | 91879Q109 |  | 1823139 | 7649 | SH |  | SOLE |  | 7649 | 0 | 0 |
| Valvoline Inc | COM | 92047W101 |  | 785885 | 24070 | SH |  | SOLE |  | 24070 | 0 | 0 |
| Verint Systems Inc. | COM | 92343X100 |  | 1212732 | 33427 | SH |  | SOLE |  | 33427 | 0 | 0 |
| Verizon Communications Inc | COM | 92343V104 |  | 253657 | 6438 | SH |  | SOLE |  | 6438 | 0 | 0 |
| Vertex Pharmaceuticals Inc | COM | 92532F100 |  | 2551949 | 8837 | SH |  | SOLE |  | 8837 | 0 | 0 |
| VF Corp | COM | 918204108 |  | 566695 | 20525 | SH |  | SOLE |  | 20525 | 0 | 0 |
| Visa Inc Cl A | COM | 92826C839 |  | 751052 | 3615 | SH |  | SOLE |  | 3615 | 0 | 0 |
| VMware Inc Cl A | COM | 928563402 |  | 465383 | 3791 | SH |  | SOLE |  | 3791 | 0 | 0 |
| Walt Disney Co | COM | 254687106 |  | 3034545 | 34928 | SH |  | SOLE |  | 34928 | 0 | 0 |
| Washington Tr Bancorp Com | COM | 940610108 |  | 1561469 | 33096 | SH |  | SOLE |  | 33096 | 0 | 0 |
| Wells Fargo Co | COM | 949746101 |  | 603701 | 14621 | SH |  | SOLE |  | 14621 | 0 | 0 |
| Wendys Co | COM | 95058W100 |  | 1843734 | 81473 | SH |  | SOLE |  | 81473 | 0 | 0 |
| XPO Inc | COM | 983793100 |  | 1071272 | 32180 | SH |  | SOLE |  | 32180 | 0 | 0 |
| Zebra Technologies Corp Cl A | COM | 989207105 |  | 1285896 | 5015 | SH |  | SOLE |  | 5015 | 0 | 0 |
| Astrazeneca Plc | ADR | 046353108 |  | 540366 | 7970 | SH |  | SOLE |  | 7970 | 0 | 0 |
| Energy Transfer LP UT Ltd Ptn | COM | 29273V100 |  | 627377 | 52854 | SH |  | SOLE |  | 52854 | 0 | 0 |

---