MURPHY USA INC

Ticker: MUSA CUSIP: 626755102 Class: EQTY

VELA Investment Management, LLC's Holding History (CIK: 0001895612)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 9,765 Value ($000) $3,940 Avg Close $383.35 Range $349.22 - $413.97

Q3 2025

Shares 6,714 Value ($000) $2,607 Avg Close $394.84 Range $344.15 - $436.63

Q2 2025

Shares 2,232 Value ($000) $908 Avg Close $452.94 Range $384.23 - $520.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,765	$3,940	$383.35	$349.22 - $413.97
Q3 2025	6,714	$2,607	$394.84	$344.15 - $436.63
Q2 2025	2,232	$908	$452.94	$384.23 - $520.87