Vista IM Profile Picture Investment Adviser

Vista IM

Vista IM

  • EducationUniversity of Pittsburgh; Penn State University
  • QualificationsMBA, BS, CFA, CPA
  • Investment ExperienceOver 25 years experience
  • Founded2002

Core Holding

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.

Risk score

Risk Score 4

Best 30 days


Worst 30 days


  • 0.7%
    30 day
  • 1.5%
    90 day
  • 19.1%
    365 day
    February 03, 2011
Monthly vs S&P500
Vista IM - Core Holding Monthly vs S&P500
-0.2% 12 months
  • $20,000 subscription min
  • Margin account required
  • 0.5% fee


  • Replicable

Top 5 Holdings View all


Portfolio commentary

  1. Tech shares aside, most stocks are reasonably valued

    15 April 2014

    There are bargains out there for the discerning investor.

  2. Beware of frothiness in the stock market 10 January 2014
  3. We've had a remarkable rally since the financial crisis 8 October 2013
  4. Stay cautious with this record stock rally 16 April 2013
  5. Why emerging markets and small companies offer the best growth opportunity 9 July 2012

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Performance detail

  • Manager (net of fees)


Inception February 03, 2011

as of April 23, 2014 Manager (net of fees) S&P 500
Past 30 days 0.7% 1.1%
Past 90 days 1.5% 3.1%
Past 365 days 19.1% 21.3%
Since Inception (Annualized) 13.5% 14.3%
2014 (YTD) 0.4% 2.1%
2013 33.3% 32.4%
2012 22.8% 16.0%

Risk metrics

Last 365 days

as of April 23, 2014 Manager (net of fees) S&P 500
Best 30 days 8.4% 7.9%
Worst 30 days -7.0% -4.8%
Volatility 13.1% 11.3%
Sharpe Ratio 1.46 1.88
Sortino Ratio 2.13 2.63
Maximum Drawdown -8.1% -5.7%
Value-at-risk (95%, 1 week) -3.0% -2.6%
vs. S&P 500
Information Ratio - 0.49
Alpha -3.4%
Beta 1.09
R-Squared 0.88
  • $20,000 subscription min
  • Margin account required
  • 0.5% fee

Latest transactions View all

Average trades per month 1.7
Executed Symbol Security Replicable Type Price
04/23/14 BANC Banc of California Inc Yes Sell $12.38
10/23/13 ABBV AbbVie Inc Yes Sell $48.59
10/22/13 SUP Superior Industries International Inc Yes Sell $18.70
10/21/13 SUP Superior Industries International Inc Yes Sell $18.70
09/13/13 DGS WisdomTree Emerging Markets SmallCap Dividend Fund Yes Buy $46.83
09/13/13 BTU Peabody Energy Corp Yes Buy $18.06
09/13/13 BANC Banc of California Inc Yes Buy $13.65
09/13/13 FBIZ First Business Financial Services Inc   Sell $32.65

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
  3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, 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. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor 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 have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
  9. These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
  10. These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
  11. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.