Why this money manager added to his Paycom position and sold a Japanese consumer review stock
Hillside Wealth Management portfolio manager Jason Del Vicario of iA Private Wealth Inc. said he added to stocks he views as high-quality at favorable prices, citing buys in Copart (average US$32), Kinsale Capital Group (US$309), and Paycom (bought in 2024, added at US$114-121). He sold Kakaku.com after a private equity takeover. Fund performance is 6.8% YTD and -1.5% over one year (as of July 15).
How this was made
The 30-second read
Why it matters
The only concrete, trader-relevant elements are the described trade timing and the stated theses (AI tailwind for Paycom, margin dynamics and buyback for Copart, proprietary claims tech for Kinsale, and a private-equity takeover for Kakaku.com). It does not disclose new company filings or fresh deal terms.
Market read
Useful as a sentiment and positioning signal for long-only investors, but lacks new fundamental catalysts for near-term trading decisions.
What to watch
No discussion of position sizing changes beyond qualitative adds, no mention of valuation metrics beyond the Kakaku.com P/E, and no new company disclosures (earnings, guidance, regulatory actions) are provided.
Background
The article is an interview with portfolio manager Jason Del Vicario describing his recent buys and one trim/sale, plus performance of his firm’s all-equity fund.
Ticker impact
The manager says he added to Paycom in spring 2026, citing AI as a productivity tailwind and a recent buyback.
Low near-term impact; any effect is indirect via investor sentiment.
The article provides the investor’s rationale and buy/trim timing, but no new Paycom-specific disclosure (no earnings, guidance, or transaction details).
The manager started buying Copart in March and added in June, pointing to margin benefits from more cars being totaled and a buyback.
Limited immediate price impact; more relevant for longer-horizon positioning.
The newest facts are the manager’s trades and thesis. Copart’s described buyback and debt-free status are not newly reported in the article.
The manager started buying Kinsale in early June, highlighting proprietary claims tech, founder stake, no debt, and market-share gains.
Negligible immediate impact; could influence discretionary sentiment among similar investors.
The article is primarily an investor interview. It lacks new Kinsale datapoints like results, guidance, or regulatory actions.
Market effects
Reinforces investor preference for capital-return and balance-sheet strength (buybacks, no debt) across software, insurance, and industrial services.
Canada-based wealth manager interview; limited direct regional market impact beyond sentiment.
Includes a Japan takeover-related exit (Kakaku.com), but without new deal terms.
Counterpoint
Investor trade rationales can lag or diverge from fundamentals; AI tailwind and buyback narratives may already be priced, and the Kakaku.com sale could reflect deal uncertainty rather than valuation alone.
Key entities
- personJason Del Vicario
Portfolio manager at Hillside Wealth Management at iA Private Wealth Inc., describing recent stock buys and a sale.
- asset_managerHillside Wealth Management (iA Private Wealth Inc.)
The firm managing the all-equity fund referenced in the article.
