Vista IM

Core Holding



  • Strategy Stocks
Vista Investment Management employs a Core Equity investment strategy for its model portfolio, using primarily individual securities. The primary objective is growth of capital with a moderate level of risk. The model portfolio is highly diversified and has exposure to virtually all major equity sectors. Market timing does not play a significant role in Vista's strategy. Because this strategy is highly diversified, it may be appropriate for investors seeking one primary equities portfolio. To the extent possible, Vista will attempt to minimize taxable events.
Vista employs a Core Equity approach in an attempt to achieve long-term returns in excess of the S&P 500 Index, while maintaining a level of risk that is equal to or less than this Index. There are many types of risk , including company risk, market risk, sector risk, geographic risk, economic risk, and interest rate risk. By maintaining a high degree of diversification, Vista attempts to limit exposure to any one type of risk. Vista’s equity investment process relies heavily on the analysis of fundamental data to identify attractive investment opportunities.

Vista may take short positions if an arbitrage opportunity arises.
Utilizing analytical software, thousands of companies are screened and scored. The manager performs in-depth analysis on companies that score the highest. Investments are made in companies that appear to be undervalued in relation to their earnings, cash flows and growth rates. In addition, other factors such as management strength, financial condition, profitability, and consistency of performance are considered. Vista generally invests in individual common stocks, ADRs, ETFs and closed-end funds. On occasion, leveraged ETFs may be used.
Vista seeks exposure to all major industry sectors, growth and value stocks, large and small companies and international markets. Although exposure may vary, large U.S. companies will typically comprise approximately 40% of the portfolio, mid and small companies will also represent about 40%, and international (including emerging markets) will equal about 20% of the portfolio. The portfolio will typically hold 25 to 30 positions. Rebalancing is done on an ongoing basis. Generally, no individual company position will exceed 5% of the portfolio. However, a fund position might exceed the 5% threshold. Typical turnover should be approximately 25% per year.
When long-term fundamentals negatively change, or a price target is reached, the investment is sold. To help make this determination, Vista utilizes various analyses to evaluate all current investments. Each investment receives a score based on numerous factors. When the score drops below a certain threshold, it is evaluated for potential sale from the portfolio.
None.

Portfolio Manager performance

4.3%

Last 30 days

30D

3.4%

Last 90 days

90D

19.3%

Last 365 days

365D

Quarterly vs S&P500

Quarterly vs S&P500

Risk score

  • 14.1%

    Best quarter

  • -14.8%

    Worst quarter

    • 0.5% fee
    • $20,000 min
  • Required: Margin account

Portfolio Manager performance graph

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. Client account performance is displayed on the client dashboard.

Performance Portfolio inception February 03, 2011

as of September 18, 2017 Manager (net of fees ) S&P 500
Last 30 days 4.3% 3.2%
Last 90 days 3.4% 2.7%
Last 365 Days 19.3% 17.0%
Since inception (Annualized) 10.7% 10.3%
2017 (YTD) 15.6% 11.8%
2016 9.9% 9.5%
2015 -3.0% -0.7%
2014 6.2% 11.4%
2013 33.3% 29.6%
2012 22.8% 13.4%

Risk metrics Last 365 days

as of September 18, 2017 Manager (net of fees ) S&P 500
Volatility 8.6% 7.7%
Sharpe Ratio 2.13 2.08
Sortino Ratio 3.12 3.00
Maximum Drawdown -4.5% -4.2%
Value-at-risk (95%, 1 week) -2.0% -1.8%
vs. S&P 500
Information Ratio 0.69
Alpha 1.6%
Beta 1.03
R-Squared 0.85

Exposure

25.9%
16.6%
15.0%
9.4%
8.4%
  • Equity Fund
  • Consumer, Non-cyclical
  • Financial
  • Technology
  • Consumer, Cyclical

Top 5 securities

7.8%
6.5%
3.9%
3.9%
3.8%
View all

Portfolio commentary

  1. Profile Picture Be wary of Trumphoria January 20, 2017

    Investors may be leaning over the tip of their skis about Trump

  2. Profile Picture In search of earnings growth May 18, 2016
  3. Profile Picture US stock valuations improve amid market turmoil October 19, 2015
  4. Profile Picture Rates, earnings shape stock market contours July 27, 2015
  5. Profile Picture The stock market's Fed dependency problem April 22, 2015
Show more

Latest transactions Average trades per month 1.5

Executed Symbol Security Type Price
July 14, 2017 WFC Wells Fargo & Co Buy $54.40
March 28, 2017 IIF Morgan Stanley India Investment Fund Inc Buy $30.70
March 28, 2017 VIS Vanguard Industrials ETF Buy $122.88
March 28, 2017 CAT Caterpillar Inc Sell $92.72
March 28, 2017 GLW Corning Inc Buy $27.56
March 28, 2017 GE General Electric Co Buy $29.53
March 28, 2017 INTC Intel Corp Buy $35.57
March 28, 2017 VTR Ventas Inc Buy $64.50
View all

Manager's other portfolios

Vista IM - Core Equity Core Equity

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Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.  
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IB Asset Management account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IB Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IB Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  9. The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.
  10. The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.