Vista Investment Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Vista Investment Management reported 176 stock positions worth $302.8 million. Its top holding was Vanguard S/T Corp. Bond ETF (VCSH) at 3.3% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 3.2%) and Janus Henderson Aaa Clo ETF (JAAA, 3.1%). Compared with Q3 2025, it opened 12 new positions, sold out of 6, added to 66 and reduced 70. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001740140
- Portfolio Value
- $302.8M (Q4 2025)
- SEC Filing
- 0001740140-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 176 stocks · $302.8M
| VCSH Vanguard S/T Corp. Bond ETF | 3.33% | 126,335 | $10.1M | Add +7.3% |
| VGT Vanguard Info Tech ETF | 3.15% | 12,673 | $9.6M | Reduce -0.3% |
| JAAA Janus Henderson Aaa Clo ETF | 3.12% | 186,603 | $9.4M | Add +6.8% |
| SPIB SS SPDR P Int C Corp. ETF | 2.78% | 248,533 | $8.4M | Add +9.5% |
| FLTR Vaneck Ig Floating Rate ETF | 2.75% | 327,107 | $8.3M | Add +14.7% |
| BSCU Invesco Bulletshares 2030 CB | 2.63% | 470,422 | $8.0M | Add +5.8% |
| BSCS Invesco Bulletshares 2028 CB | 2.53% | 371,955 | $7.7M | Reduce -3.0% |
| QUAL iShares MSCI USA Quality Fac | 2.25% | 34,337 | $6.8M | Add +6.4% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.20% | 38,251 | $6.7M | Add +6.6% |
| JPM JPMorgan Chase & Co. | 2.13% | 20,060 | $6.5M | Reduce -2.7% |
| EPS Wisdomtree US Large Cap Fund | 2.03% | 86,706 | $6.1M | Add +7.1% |
| COHR Coherent Corp. | 1.81% | 29,712 | $5.5M | Reduce -8.0% |
| RSPT Invesco S&P 500 Equal Weight | 1.78% | 118,349 | $5.4M | Add +8.0% |
| FPEI First Trust Institutional PR | 1.76% | 274,762 | $5.3M | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 1.71% | 42,976 | $5.2M | Add +0.9% |
| VOX Vanguard Communication Servi | 1.62% | 25,404 | $4.9M | Reduce -1.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 1.56% | 81,584 | $4.7M | Add +7.8% |
| COF Capital One Financial Corp. | 1.46% | 18,202 | $4.4M | Reduce -1.6% |
| SPEM State Street SP PTF Em ETF | 1.42% | 91,578 | $4.3M | Add +6.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.26% | 41,892 | $3.8M | Reduce -31.5% |
| SPSB SS SPDR P St C Corp. ETF | 1.19% | 119,304 | $3.6M | Add +9.8% |
| GOOGL Alphabet Inc. Class A | 1.19% | 11,475 | $3.6M | Reduce -1.3% |
| WCC Wesco International Inc. | 1.15% | 14,225 | $3.5M | Reduce -2.5% |
| IPKW Invesco International Buybac | 1.11% | 60,627 | $3.4M | Add +12.4% |
| VRIG Invesco Variable Rate Invest | 1.09% | 131,235 | $3.3M | Add +10.8% |
| PNC PNC Financial Services Group | 1.07% | 15,475 | $3.2M | Reduce -2.3% |
| RUSHB Rush Enterprises Inc. Class B | 1.06% | 56,898 | $3.2M | Reduce -6.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.05% | 71,619 | $3.2M | Add +10.6% |
| BSCR Invesco Bulletshares 2027 CB | 1.02% | 156,423 | $3.1M | Reduce -7.6% |
| VWO Vanguard Ftse Emerging Marke | 1.00% | 56,502 | $3.0M | Add +1.9% |
| EWX State Street SPDR S&P Emergi | 1.00% | 45,944 | $3.0M | Add +13.6% |
| FBIZ First Business Financial Ser | 0.95% | 52,737 | $2.9M | Add +0.8% |
| IJH iShares Core S&P Midcap ETF | 0.94% | 43,240 | $2.9M | Add +0.5% |
| LOW Lowe's Cos Inc. | 0.93% | 11,706 | $2.8M | Add +1.8% |
| TEL Te Connectivity PLC | 0.91% | 12,118 | $2.8M | Reduce -1.0% |
| TMO Thermo Fisher Scientific Inc. | 0.89% | 4,673 | $2.7M | Reduce -1.1% |
| AAPL Apple Inc. | 0.89% | 9,863 | $2.7M | Reduce -1.3% |
| ICSH iShares Ultra Short Duration | 0.88% | 52,547 | $2.7M | Add +9.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 22,296 | $2.5M | Add +1.9% |
| RTX RTX Corp. | 0.82% | 13,551 | $2.5M | Reduce -5.2% |
| LVS Las Vegas Sands Corp. | 0.82% | 38,045 | $2.5M | Reduce -0.1% |
| BSCW Invesco Bulletshares 2032 CB | 0.73% | 105,641 | $2.2M | Add +22.9% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.72% | 42,973 | $2.2M | Add +14.4% |
| WFC Wells Fargo & Co. | 0.72% | 23,295 | $2.2M | Reduce -0.7% |
| DGS Wisdomtree Em Small Cap | 0.68% | 36,115 | $2.1M | Add +3.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.67% | 25,386 | $2.0M | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.67% | 6,648 | $2.0M | Add +4.1% |
| AZN Astrazeneca PLC-Spons ADR | 0.64% | 21,215 | $2.0M | Add +0.3% |
| ELV Elevance Health Inc. | 0.63% | 5,469 | $1.9M | Reduce -1.1% |
| XLK SS Technology Select Sector | 0.62% | 13,130 | $1.9M | Reduce -0.4% |
| RSPD Invesco S&P 500 Equal Weight | 0.61% | 32,649 | $1.9M | Add +2.7% |
| CSCO Cisco Systems Inc. | 0.60% | 23,565 | $1.8M | Reduce -2.6% |
| MSFT Microsoft Corp. | 0.60% | 3,747 | $1.8M | Add +0.0% |
| JPST JPMorgan Ultra-Short Income | 0.57% | 34,243 | $1.7M | Add +26.2% |
| VEA Vanguard Ftse Developed ETF | 0.57% | 27,618 | $1.7M | Add +3.3% |
| BFH Bread Financial Holdings Inc. | 0.56% | 22,858 | $1.7M | Add +1.1% |
| SGOV iShares 0-3 Month Treasury B | 0.55% | 16,653 | $1.7M | New |
| PEP Pepsico Inc. | 0.55% | 11,535 | $1.7M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.54% | 4,986 | $1.6M | Add +2.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.53% | 5,503 | $1.6M | Reduce -0.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.52% | 4,694 | $1.6M | Reduce -0.3% |
| STZ Constellation Brands Inc. Class A | 0.52% | 11,382 | $1.6M | Reduce -1.0% |
| VAW Vanguard Materials ETF | 0.47% | 6,889 | $1.4M | Reduce -3.5% |
| FCOM Fidelity MSCI Comm Serv Indx | 0.45% | 18,691 | $1.4M | Add +3.9% |
| IVV iShares Core S&P 500 ETF | 0.45% | 1,993 | $1.4M | Reduce -0.6% |
| MCHP Microchip Technology Inc. | 0.44% | 20,987 | $1.3M | Reduce -2.3% |
| VHT Vanguard Health Care ETF | 0.44% | 4,635 | $1.3M | Add +8.1% |
| GS Goldman Sachs Group Inc. | 0.44% | 1,507 | $1.3M | Reduce -2.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.44% | 25,923 | $1.3M | Add +19.4% |
| INGR Ingredion Inc. | 0.42% | 11,652 | $1.3M | Add +7.1% |
| EOG EOG Resources Inc. | 0.41% | 11,877 | $1.2M | Reduce -1.7% |
| ISCF iShares International Small | 0.40% | 29,526 | $1.2M | Add +6.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 1,777 | $1.2M | Reduce -0.2% |
| JLL Jones Lang Lasalle Inc. | 0.39% | 3,536 | $1.2M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.39% | 4,545 | $1.2M | Reduce -0.8% |
| IEMG iShares Core MSCI Emerging | 0.38% | 17,292 | $1.2M | Add +20.2% |
| RMD Resmed Inc. | 0.38% | 4,731 | $1.1M | Reduce -0.1% |
| AMGN Amgen Inc. | 0.37% | 3,454 | $1.1M | Reduce -1.8% |
| JMUB JPMorgan Municipal ETF | 0.37% | 22,339 | $1.1M | Add +0.7% |
| VYM Vanguard High DVD Yield ETF | 0.37% | 7,707 | $1.1M | Add +0.6% |
| BSCT Invesco Bulletshares 2029 CB | 0.35% | 56,426 | $1.1M | Add +77.6% |
| AMZN Amazon.com Inc. | 0.34% | 4,526 | $1.0M | Add +5.2% |
| VCR Vanguard Consumer Discre ETF | 0.34% | 2,619 | $1.0M | Reduce -0.4% |
| CSX CSX Corp. | 0.34% | 28,333 | $1.0M | Reduce -2.2% |
| CVX Chevron Corp. | 0.33% | 6,468 | $986K | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.32% | 3,091 | $970K | Reduce -4.8% |
| XLY SS Consumer Disc Select Sect | 0.30% | 7,726 | $923K | Reduce -0.2% |
| LH Labcorp Holdings Inc. | 0.30% | 3,647 | $915K | Reduce -2.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 17,766 | $904K | Reduce -15.6% |
| MDY State Street SPDR S&P Midcap | 0.30% | 1,494 | $901K | No change |
| SHM SS SPDR N Ice St Muni ETF | 0.30% | 18,715 | $898K | No change |
| WPC WP Carey Inc. | 0.28% | 13,201 | $850K | Reduce -3.6% |
| ABT Abbott Laboratories | 0.28% | 6,779 | $849K | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 1,680 | $844K | Reduce -1.5% |
| XLB SS Materials Select Sector | 0.28% | 18,533 | $840K | No change |
| SUB iShares Short-Term National | 0.27% | 7,588 | $810K | No change |
| HWM Howmet Aerospace Inc. | 0.26% | 3,905 | $801K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.26% | 6,411 | $782K | Add +0.2% |
| GLW Corning Inc. | 0.26% | 8,854 | $775K | Reduce -0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.25% | 1,649 | $748K | Add +0.1% |
Options reported separately and not counted above: NVO calls ($132K), TSM calls ($122K).
Portfolio Sells Q3 2025 → Q4 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -31.5% | 1.26% | −0.69 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.41 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -3.0% | 2.53% | −0.22 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.19 |
| CHINA FUND INC | Sold out | 0.00% | −0.17 |
| D Dominion Energy Inc. | Reduce -50.0% | 0.14% | −0.17 |
| VGT Vanguard Info Tech ETF | Reduce -0.3% | 3.15% | −0.16 |
| RUSHB Rush Enterprises Inc. Class B | Reduce -6.2% | 1.06% | −0.16 |
| ABR Arbor Realty Trust Inc. | Reduce -6.0% | 0.20% | −0.15 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -7.6% | 1.02% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -2.7% | 2.13% | −0.14 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -15.6% | 0.30% | −0.11 |
| RMD Resmed Inc. | Reduce -0.1% | 0.38% | −0.08 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.08 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.07 |
| LH Labcorp Holdings Inc. | Reduce -2.6% | 0.30% | −0.07 |
| NFLX Netflix Inc. | Reduce -0.3% | 0.18% | −0.06 |
| EOG EOG Resources Inc. | Reduce -1.7% | 0.41% | −0.06 |
| VOX Vanguard Communication Servi | Reduce -1.1% | 1.62% | −0.06 |
| ORCL Oracle Corp. | Reduce -1.7% | 0.10% | −0.06 |
| COP Conocophillips | Reduce -11.3% | 0.24% | −0.05 |
| PNC PNC Financial Services Group | Reduce -2.3% | 1.07% | −0.04 |
| RSPS Invesco S&P 500 Equal Weight | Reduce -29.8% | 0.09% | −0.04 |
| ABT Abbott Laboratories | Reduce -1.9% | 0.28% | −0.04 |
| WPC WP Carey Inc. | Reduce -3.6% | 0.28% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.9% | 0.53% | −0.04 |
| MCHP Microchip Technology Inc. | Reduce -2.3% | 0.44% | −0.04 |
| VAW Vanguard Materials ETF | Reduce -3.5% | 0.47% | −0.04 |
| FIS Fidelity National Info Serv | Reduce -9.2% | 0.21% | −0.03 |
| TEL Te Connectivity PLC | Reduce -1.0% | 0.91% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.5% | 0.67% | −0.03 |
| GLD SPDR Gold Shares | Reduce -29.0% | 0.08% | −0.03 |
| XLK SS Technology Select Sector | Reduce -0.4% | 0.62% | −0.02 |
| VCR Vanguard Consumer Discre ETF | Reduce -0.4% | 0.34% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -1.0% | 0.52% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 0.28% | −0.02 |
| CSX CSX Corp. | Reduce -2.2% | 0.34% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 0.52% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.8% | 0.39% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -0.2% | 0.30% | −0.02 |
| LHX L3HARRIS Technologies Inc. | Reduce -8.6% | 0.09% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.6% | 0.45% | −0.02 |
| RTX RTX Corp. | Reduce -5.2% | 0.82% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.40% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.4% | 0.21% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -3.0% | 0.17% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -1.6% | 0.22% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -2.1% | 0.16% | −0.01 |
| ABBV Abbvie Inc. | Reduce -1.6% | 0.09% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SGOV iShares 0-3 Month Treasury B | New | 0.55% | +0.55 |
| VGSH Vanguard Short-Term Treasury | New | 0.23% | +0.23 |
| FLTR Vaneck Ig Floating Rate ETF | Add +14.7% | 2.75% | +0.21 |
| GPN Global Payments Inc. | New | 0.15% | +0.15 |
| BSCT Invesco Bulletshares 2029 CB | Add +77.6% | 0.35% | +0.14 |
| IPKW Invesco International Buybac | Add +12.4% | 1.11% | +0.12 |
| BFH Bread Financial Holdings Inc. | Add +1.1% | 0.56% | +0.12 |
| CDNS Cadence Design SYS Inc. | New | 0.11% | +0.11 |
| BSCW Invesco Bulletshares 2032 CB | Add +22.9% | 0.73% | +0.10 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.09% | +0.09 |
| JPST JPMorgan Ultra-Short Income | Add +26.2% | 0.57% | +0.09 |
| SPIB SS SPDR P Int C Corp. ETF | Add +9.5% | 2.78% | +0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.08% | +0.08 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +10.6% | 1.05% | +0.08 |
| VNQ Vanguard Real Estate ETF | New | 0.08% | +0.08 |
| ADI Analog Devices Inc. | New | 0.08% | +0.08 |
| EPS Wisdomtree US Large Cap Fund | Add +7.1% | 2.03% | +0.08 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.3% | 0.64% | +0.08 |
| XPH SS SPDR S&P Pharma ETF | New | 0.07% | +0.07 |
| RSPT Invesco S&P 500 Equal Weight | Add +8.0% | 1.78% | +0.07 |
| IBB iShares Biotechnology ETF | New | 0.07% | +0.07 |
| CAT Caterpillar Inc. | New | 0.07% | +0.07 |
| OEF iShares S&P 100 ETF | New | 0.07% | +0.07 |
| QUAL iShares MSCI USA Quality Fac | Add +6.4% | 2.25% | +0.06 |
| QUS SS SPDR MSCI U Stratfact ETF | Add +6.6% | 2.20% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +20.2% | 0.38% | +0.05 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Add +14.4% | 0.72% | +0.05 |
| VHT Vanguard Health Care ETF | Add +8.1% | 0.44% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +36.3% | 0.22% | +0.05 |
| VRIG Invesco Variable Rate Invest | Add +10.8% | 1.09% | +0.05 |
| JMST JPM Ultra-Short Muni Income | Add +19.4% | 0.44% | +0.05 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +7.8% | 1.56% | +0.05 |
| EWX State Street SPDR S&P Emergi | Add +13.6% | 1.00% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.1% | 0.67% | +0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +7.3% | 3.33% | +0.04 |
| SPSB SS SPDR P St C Corp. ETF | Add +9.8% | 1.19% | +0.04 |
| LLY Eli Lilly & Co. | Add +7.3% | 0.12% | +0.04 |
| XBI SS SPDR S&P Biotech ETF | Add +0.2% | 0.26% | +0.03 |
| ICSH iShares Ultra Short Duration | Add +9.7% | 0.88% | +0.03 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +33.6% | 0.11% | +0.02 |
| MUNI PIMCO Intermediate Municipal | Add +26.2% | 0.13% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.1% | 0.25% | +0.02 |
| JAAA Janus Henderson Aaa Clo ETF | Add +6.8% | 3.12% | +0.02 |
| AMZN Amazon.com Inc. | Add +5.2% | 0.34% | +0.01 |
| VDE Vanguard Energy ETF | Add +11.7% | 0.23% | +0.01 |
| CIVB Civista Bancshares Inc. | Add +5.3% | 0.13% | +0.01 |
| AXP American Express Co. | Add +3.9% | 0.12% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +3.3% | 0.57% | +0.01 |
| SPEM State Street SP PTF Em ETF | Add +6.5% | 1.42% | +0.01 |
| FBIZ First Business Financial Ser | Add +0.8% | 0.95% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| NVO Novo-Nordisk A/S-Spons ADR | call | Add +62.5% | 2,600 | $132K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 174 | $331.2M | VGT, VCSH, JAAA, SPIB, FLTR |
| Q1 2026 | 173 | $298.4M | VCSH, JAAA, VGT, FLTR, SPIB |
| Q4 2025 | 176 | $302.8M | VCSH, VGT, JAAA, SPIB, FLTR |
| Q3 2025 | 170 | $286.4M | VGT, VCSH, JAAA, BSCS, SPIB |
| Q2 2025 | 168 | $269.5M | VCSH, VGT, JAAA, BSCS, SPIB |
| Q1 2025 | 172 | $255.7M | VCSH, BSCS, JAAA, SPIB, BSCU |
| Q4 2024 | 177 | $263.5M | VCSH, BSCS, VGT, JAAA, SPIB |
| Q3 2024 | 173 | $265.3M | VCSH, BSCS, VGT, JAAA, SPIB |
| Q2 2024 | 172 | $246.9M | VCSH, BSCS, VGT, JAAA, SPIB |
| Q1 2024 | 180 | $245.6M | VCSH, SPSB, BSCS, VGT, SPIB |