Data, Discipline, and Dumbbells: Jason Del Vicario Portfolio Built to Last
Inside the Long-Term Strategy Powering Jason Del Vicario’s Global Stock Picks for 2025

In a world often dominated by market noise, macroeconomic turbulence, and investor overreaction, Jason Del Vicario continues to chart his course with unshakable clarity. As Portfolio Manager at Hillside Wealth Management under the iA Private Wealth umbrella, Del Vicario remains laser-focused on one metric above all else: return on invested capital. For him, investing is not a race to react, but a disciplined walk with conviction—a journey measured not in months or quarters, but in decades.
This long-term mindset permeates every decision within his concentrated portfolio of 28 high-conviction global equities. While many investors scramble to adjust their holdings to the latest inflation data or central bank whisper, Del Vicario maintains that such short-term variables are ultimately irrelevant to long-term wealth creation. His team’s commitment to fundamental research, paired with disciplined inactivity when required, has kept them steady even as broader markets flinch.
This month, BNN Bloomberg revisits his current top picks: Kaspi.kz, Calnex Solutions, and Curves Holdings. These aren’t your typical North American mega-cap darlings, and that’s exactly the point. Del Vicario is hunting for quality—regardless of geography—and his selections are proof that growth and value can still go hand in hand.
