Prior Movesmirror the world’s best investors

🪞 David Abrams · Abrams Capital

Concentrated value, low turnover.

Style
Value & quality
Disclosed holdings
11
Model accuracy (AUC)
56%
Backtest edge
-2.5 pts/q

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🔮 Predicted next buys: quarter ending 2026-06-30

Pure model output for David Abrams · Abrams Capital’s next 13F filing, no public confirmation yet. Probabilities are the model’s raw scores.

#TickerCompanyModel probability
1BIDSotheby'S47%
2LNCLincoln National Corp47%
3BXUSDBlackstone Group Lp/The45%
4TRCOTribune Media Co - A45%
5YYEURYy Inc-Adr45%
6CSODCornerstone Ondemand Inc43%
7LBEURL Brands Inc43%
8MSGNMsg Networks Inc- A43%
9GSITGsi Technology Inc43%
10HRCHill-Rom Holdings Inc34%

📉 Predicted exits, conviction fading

Of David Abrams · Abrams Capital’s current disclosed holdings, the names a model flags as most likely to be EXITED or TRIMMED next quarter, before the 13F shows it. Model score (not a calibrated probability), ranked. Holdings as of 2026-03-31.

TickerCompanyWeightLast moveSell likelihood
NUVBNuvation Bio Inc0.12%trimmed last Q 53

⚠️ This predicts the ACTION (whether David Abrams · Abrams Capital reduces the position), not a return and not a short. A 13F shows long positions only, so a “sell” here means exiting or cutting a long, never shorting the stock. Walk-forward validated on the decision (AUC ≈ 0.66), but acting on it is not shown to make money. Research, not advice.

📜 Top disclosed holdings: Mar 2026

TickerCompanyWeightLast change
LOARLoar Holdings Inc39.59%✊ Held
LADLithia Mtrs Inc13.41%✊ Held
GOOGLAlphabet Inc11.57%✊ Held
TPDSomnigroup International Inc9.24%✊ Held
AWGAsbury Automotive Group Inc9.08%✊ Held
CPNGCoupang Inc5.30%✊ Held
-Willis Towers Watson Plc Ltd4.52%✊ Held
METAMeta Platforms Inc4.01%✊ Held
-U Haul Holding Company3.13%✊ Held
NUVBNuvation Bio Inc0.12%➖ Trimmed
UHALU Haul Holding Company0.04%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 11 shown.

💲 Where they bought: accumulation cost

13F shows holdings, not trade prices. Implied average cost is total value ÷ shares; the zone is the price range that quarter, where they accumulated. “vs cost” is today versus that average. This is where they bought, not a future price.

TickerAvg costAccumulation zoneTodayvs costDip target
LOAR$57.29$55–$75$70.57+23.2%$46.26
LAD$249.72$243–$343$335.28+34.3%$210.11
GOOGL$287.56$273–$343$346.77+20.6%$210.35
CPNG$18.88$17–$24$16.62-12.0%$14.42
META$572.13$525–$737$664.54+16.2%$451.65
NUVB$4.29$4–$9$5.80+35.2%$5.42
UHAL$47.78$42–$59$66.75+39.7%$36.18

Dip target = the recent high discounted by this investor’s historical tendency to add on weakness. Behavioral, not a guarantee.

🧬 Factor fingerprint, the style behind the book

51% of David Abrams · Abrams Capital’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (8 of 9 names, ~451 trading days). Market beta 0.95.

growth
value
large-cap
small-cap
low-quality
quality
contrarian
momentum
aggressive
conservative

⚠️ This is the part the great investors can’t hide: their style is a tilt toward known factors, and every one of these is sold as a cheap index ETF. Buying the factors gets you most of the book for a few basis points. What’s left after the factors (the residual) is noisy on a single concentrated book and is not a reliable edge, read this as transparency about the style you’re copying, not a secret signal. Loadings are in-sample on current static weights, U.S. long positions only. Research, not advice.

📈 This mirror’s track: backtest vs S&P 500

Avg edge / quarter
-2.5 pts
Quarters beating S&P
9/34
Avg quarterly return
+0.9%
-15%97%208%2017-092021-122025-12This mirror (backtest)S&P 500

⚠️ Read this honestly. Leak-free walk-forward backtest: top-10 predicted new buys ranked from a broad ~2,000-name universe known at the rebalance date, equal-weight, 1-quarter holds, complete quarters only, gross (before costs). Small samples, per-investor edges are noisy and not statistically significant. The consensus mirror's backtest shows +1.8 pts/quarter net vs the S&P 500 over 47 complete quarters (2014–2026), directional, NOT statistically significant (t≈1.4; 95% CI includes zero). Past performance does not predict future results. Not investment advice.

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Prior Moves is a research publication: one impersonal model portfolio per investor, identical for every reader. You place any trades yourself at your own broker. No execution, no custody, no individualised advice.