Prior Movesmirror the world’s best investors

🪞 Chuck Akre · Akre Capital

Quality compounders, near-zero turnover.

Style
Value & quality
Disclosed holdings
19
Top pick hit rate
1.7%
Backtest edge
+0.8 pts/q

Hit rate is measured, not predicted: across 2,030 investor-quarters of walk-forward holdout, the name this model ranked first was the investor’s actual next new buy 1.7% of the time, against 0.62% for a name drawn at random from the same board. That is 2.77x chance. The model ranks the whole board; AUC and the rest of the scoring detail are on the how it works page.

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🔮 Predicted next buys: quarter ending 2026-09-30

The model orders Chuck Akre · Akre Capital’s candidates for the next 13F filing. No public confirmation yet. The rate beside each name is the model’s own score rewritten as a measured quantity: how often a name in that position turned out to be the next buy across 2,030 investor-quarters of holdout. Picking at random from this board lands 0.62%.

#TickerCompanyMeasured hit ratevs base
1RRCRange Resources Corp1.8%2.9x
2DHIDr Horton Inc1.7%2.8x
3SNOWSnowflake Inc1.7%2.8x
4DTDynatrace Inc1.7%2.7x
5PRMPerimeter Solutions Inc1.7%2.7x
6NOWServicenow Inc1.6%2.5x
7UPSUnited Parcel Service-Cl B1.5%2.5x
8DPZDomino'S Pizza Inc1.5%2.4x
9FICOFair Isaac Corp1.4%2.3x
10DTEDte Energy Company1.4%2.3x

📉 Predicted exits, conviction fading

Of Chuck Akre · Akre 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 2026-06-30.

TickerCompanyWeightLast moveSell likelihood
-American Tower Corp New0.09%trimmed last Q▲▲ 61
ABNBAirbnb Inc3.31%trimmed last Q 60
BNBrookfield Corp10.08%trimmed last Q 56
MAMastercard Incorporated19.95%trimmed last Q 51
VVisa Inc7.44%trimmed last Q· 49
ORLYOreilly Automotive Inc3.89%trimmed last Q· 49
DUTMoodys Corp10.23%held flat· 48
KKRKkr & Co L P Del8.93%trimmed last Q· 47

⚠️ This predicts the ACTION (whether Chuck Akre · Akre 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: Jun 2026

TickerCompanyWeightLast change
MAMastercard Incorporated19.95%➖ Trimmed
DUTMoodys Corp10.23%✊ Held
BNBrookfield Corp10.08%➖ Trimmed
KKRKkr & Co L P Del8.93%➖ Trimmed
FICOFair Isaac Corp8.44%✊ Held
ROPRoper Technologies Inc7.77%✊ Held
VVisa Inc7.44%➖ Trimmed
CSGPCostar Group Inc6.47%➕ Added
CPRTCopart Inc4.39%✊ Held
ORLYOreilly Automotive Inc3.89%➖ Trimmed
ABNBAirbnb Inc3.31%➖ Trimmed
CCCCcc Intelligent Solutions Hl3.01%✊ Held
CRMSalesforce Inc2.50%✊ Held
NOWServicenow Inc2.42%➕ Added
GSHDGoosehead Ins Inc0.42%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 19 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
MA$513.60$471–$524$591.73+15.2%$414.50
BN$42.59$40–$47$41.22-3.2%$37.51
KKR$91.78$89–$106$109.32+19.1%$83.41
FICO$1194.78$922–$1296$1147.21-4.0%$1024.77
ROP$338.39$315–$364$426.20+25.9%$287.60
V$343.09$297–$342$379.66+10.7%$270.71
CSGP$28.32$28–$41$31.34+10.7%$32.55
CPRT$28.19$28–$34$32.76+16.2%$27.19
ORLY$92.09$86–$99$87.83-4.6%$78.58
ABNB$143.10$125–$147$183.22+28.0%$116.34

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

🎯 Disclosed options: calls vs puts

13F discloses option positions too. Calls lean bullish or levered; puts lean bearish or hedging. This is the not-just-buying side of what they disclose.

TickerPositionLean
CRMcallsbullish / levered

Source: 13F option lines (put_call). Disclosed positions, not advice.

🧬 Factor fingerprint, the style behind the book

69% of Chuck Akre · Akre Capital’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (15 of 15 names, ~421 trading days). Market beta 0.91.

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
+0.8 pts
Quarters beating S&P
19/34
Avg quarterly return
+3.9%
-8%100%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 +2.2 pts/quarter net vs the S&P 500 over 35 complete quarters (2017Q3 to 2026Q1), directional, NOT statistically significant (t≈1.3; 95% CI includes zero). Most of that average is one quarter: 2026Q1 posted a +47.5 pt edge, roughly half of it two AI-hardware names (SNDK +258%, AMD +186%) marked at what proved to be a local peak; excluding it the edge is +0.9 pts/quarter. Past performance does not predict future results. Not investment advice.

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New filings and predicted-buy refreshes are published to every reader at once, weekly digest (email) · build a basket.

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.