Cristiano Vitullo
Cristiano Vitullo @CapitalRock

Performance
All

18.76%2026
2026
24.00%2025
2025
4.43%2024
2024
11.50%2023
2023
-18.68%2022
2022
0.76%2021
2021
8.66%2020
2020
24.0%0%-24.0%
Cristiano Vitullo
๐—ช๐—ฒ๐—ฒ๐—ธ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ (๐—ฆ๐—ฒ๐—ฝ 7 โ€“ ๐—ฆ๐—ฒ๐—ฝ 11) ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Week: +0.2% vs S&P 500: -0.8% (+100bps) YTD: +18.0% vs S&P 500: +11.6% (+640bps) ๐—ง๐—ต๐—ฒ ๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐˜๐—ต๐—ฎ๐˜ ๐—ฐ๐—ผ๐˜€๐˜ ๐—บ๐—ฒ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ถ๐˜€ ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ. Meta... Show More
Cristiano Vitullo
๐— ๐—ข๐—ก๐—ง๐—›๐—Ÿ๐—ฌ ๐—ข๐—จ๐—ง๐—Ÿ๐—ข๐—ข๐—ž โ€” ๐—ฆ๐—˜๐—ฃ๐—ง๐—˜๐— ๐—•๐—˜๐—ฅ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ ๐— ๐—ฎ๐—ฐ๐—ฟ๐—ผ ๐—ฆ๐—ป๐—ฎ๐—ฝ๐˜€๐—ต๐—ผ๐˜ August was the month the growth scare reversed and the rate fear came back. The Q2 headline that looked like a stall was revised away: GDPNow now reads Q3 near 4.8%, so the "distortion, not collapse" call... Show More
Cristiano Vitullo
๐—ช๐—ฒ๐—ฒ๐—ธ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ (๐—”๐˜‚๐—ด 31 โ€“ ๐—ฆ๐—ฒ๐—ฝ 4) ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Week: +0.5% vs S&P 500: +0.1% (+40bps) YTD: +17.8% vs S&P 500: +12.5% (+530bps) ๐—ข๐—ป๐—ฒ ๐—ป๐—ฎ๐—บ๐—ฒ ๐—บ๐—ฎ๐—ฑ๐—ฒ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ, ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ด๐—ฎ๐˜ƒ๐—ฒ ๐—ฝ๐—ฎ๐—ฟ๐˜ ๐—ผ๐—ณ ๐—ถ๐˜ ๐—ฏ๐—ฎ๐—ฐ๐—ธ. Meta closed +6.7%... Show More
Cristiano Vitullo
๐—ฃ๐—ฅ๐—ข๐—ง๐—˜๐—–๐—ง๐—œ๐—ข๐—ก ๐—ข๐—™๐—™ โ€“ ๐—ช๐—ฒ๐—ฒ๐—ธ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ (๐—”๐˜‚๐—ด 24โ€“28) ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Week: +0.4% vs S&P 500: +0.5% (-10bps) YTD: +17.3% vs S&P 500: +12.4% (+490bps) ๐—ง๐—ต๐—ฒ ๐—ต๐—ฒ๐—ฑ๐—ด๐—ฒ ๐—ฐ๐—ผ๐˜€๐˜ ๐˜‚๐˜€ ๐˜๐—ต๐—ฒ ๐˜„๐—ต๐—ผ๐—น๐—ฒ ๐—ด๐—ฎ๐—ฝ, ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—œ ๐—ฟ๐—ฒ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ... Show More
Cristiano Vitullo
Cristiano Vitullo
Bought $CI @279.93
Italy
Cigna enters the portfolio today, taking the healthcare seat Merck left when it hit target. Around 9x adjusted earnings and close to 11% free cash flow yield, against a market near 20x. Double-digit earnings growth, a shrinking share count, and the most profitable segment growing the fastest. The consensus... Show More
CI
Cigna Group
285.17
-3.73 (-1.29%)
Cristiano Vitullo
๐—•๐—”๐—–๐—ž ๐—™๐—ฅ๐—ข๐—  ๐—ง๐—›๐—˜ ๐—•๐—ฅ๐—˜๐—”๐—ž โ€“ ๐— ๐—ผ๐—ป๐˜๐—ต-๐˜๐—ผ-๐——๐—ฎ๐˜๐—ฒ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ (๐—”๐˜‚๐—ด๐˜‚๐˜€๐˜) ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Month-to-date: +2.4% vs S&P 500: +2.5% (-10bps) YTD: +16.8% vs S&P 500: +11.9% (+490bps) ๐—ช๐—ฒ ๐—บ๐—ฎ๐˜๐—ฐ๐—ต๐—ฒ๐—ฑ ๐—ฎ ๐—ฟ๐—ถ๐˜€๐—ถ๐—ป๐—ด ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜„๐—ต๐—ถ๐—น๐—ฒ ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ฒ๐—ฑ... Show More
Cristiano Vitullo
๐—ช๐—˜๐—˜๐—ž๐—Ÿ๐—ฌ ๐—œ๐—ก๐—ฉ๐—˜๐—ฆ๐—ง๐—ข๐—ฅ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ โ€“ July 27-31, 2026 ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Week: -0.5% vs S&P 500: +1.1% (-160bps) YTD: +14.1% vs S&P 500: +9.2% (+490bps) ๐—ง๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฟ๐—ผ๐˜€๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐˜„๐—ฒ ๐—ฑ๐—ถ๐—ฑ ๐—ป๐—ผ๐˜. META fell 6.5% after earnings and cost the book 0.7%,... Show More
Cristiano Vitullo
๐— ๐—˜๐—ง๐—” โ€” ๐—ช๐—›๐—ฌ ๐—œ ๐—”๐—  ๐—ก๐—ข๐—ง ๐—•๐—จ๐—ฌ๐—œ๐—ก๐—š ๐—ง๐—›๐—˜ ๐——๐—œ๐—ฃ The position is down 16%. The price is now below my estimated fair value. Every instinct says buy more. I am not buying more. Here is why. ๐—ช๐—›๐—”๐—ง ๐—›๐—”๐—ฃ๐—ฃ๐—˜๐—ก๐—˜๐—— ๐—œ๐—ก ๐—ง๐—›๐—˜ ๐—ค๐—จ๐—”๐—ฅ๐—ง๐—˜๐—ฅ Revenue grew 28%. Ad volumes grew 14%, ad prices... Show More
Cristiano Vitullo
๐—›๐—”๐—ฅ๐—ง๐—™๐—ข๐—ฅ๐—— ๐—ค๐Ÿฎ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ - ๐—”๐—ก ๐—›๐—ข๐—ก๐—˜๐—ฆ๐—ง ๐—Ÿ๐—ข๐—ข๐—ž Hartford's second quarter numbers came out this week. There is real strength in this report. There is also something I have been watching build for two quarters that just got harder to ignore. I want to walk you through both sides. ๐Ÿ“Š... Show More
Cristiano Vitullo
๐—ช๐—˜๐—˜๐—ž๐—Ÿ๐—ฌ ๐—œ๐—ก๐—ฉ๐—˜๐—ฆ๐—ง๐—ข๐—ฅ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ โ€“ July 20-24, 2026 ๐Ÿ“Š ๐—ฃ๐—ข๐—ฅ๐—ง๐—™๐—ข๐—Ÿ๐—œ๐—ข ๐—ฆ๐—ก๐—”๐—ฃ๐—ฆ๐—›๐—ข๐—ง Week: -0.7% vs S&P 500: -0.6% (-10bps) YTD: +14.6% vs S&P 500: +8.1% (+650bps) ๐—ข๐—ป๐—ฒ ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ฑ๐—ถ๐—ฑ ๐—ฎ๐—น๐—น ๐˜๐—ต๐—ฒ ๐—ฑ๐—ฎ๐—บ๐—ฎ๐—ด๐—ฒ. META fell 7.9% and cost the book 0.9%, more than the... Show More

About Cristiano Vitullo
Italy
Strategy: Value

Open-minded long-term investor with a primary focus on the US stock market. Risk-cautious.
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