Prior Movesmirror the world’s best investors

🪞 Warren Buffett · Berkshire Hathaway

Value, long-duration, quality businesses.

Style
Value & quality
Disclosed holdings
29
Top pick hit rate
1.7%
Backtest edge
-2.1 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 Warren Buffett · Berkshire Hathaway’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
1DHIDr Horton Inc1.8%2.9x
2RRCRange Resources Corp1.7%2.8x
3DPZDomino'S Pizza Inc1.7%2.8x
4DTDynatrace Inc1.7%2.7x
5ABTAbbott Laboratories1.7%2.7x
6MMacy'S Inc1.6%2.6x
7FWONKLiberty Media Corp-Formula-C1.6%2.6x
8MCHPMicrochip Technology Inc1.6%2.5x
9VTSVitesse Energy Inc1.5%2.5x
10ICEIntercontinental Exchange In1.4%2.3x

📉 Predicted exits, conviction fading

Of Warren Buffett · Berkshire Hathaway’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
DHID R Horton Inc0.00%just entered▲▲ 62
NUENucor Corp0.14%trimmed last Q 59
COFCapital One Finl Corp0.20%trimmed last Q 54
MMacys Inc0.06%added last Q· 49
LENLennar Corp0.40%added last Q· 48

⚠️ This predicts the ACTION (whether Warren Buffett · Berkshire Hathaway 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
AAPLApple Inc22.04%✊ Held
AXPAmerican Express Co17.14%✊ Held
KOCoca Cola Co10.86%✊ Held
GOOGLAlphabet Inc9.41%➕ Added
BACBank Of Amer Corp9.20%✊ Held
CHVChevron Corporation4.67%✊ Held
OXYOccidental Pete Corp4.30%✊ Held
-Chubb Limited3.90%✊ Held
DUTMoodys Corp3.73%✊ Held
GOOGAlphabet Inc3.21%➕ Added
KHCKraft Heinz Co2.57%✊ Held
TRLDavita Inc2.15%✊ Held
DALDelta Air Lines Inc1.79%➕ Added
SIRISiriusxm Holdings Inc1.23%✊ Held
VRSNVerisign Inc0.76%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 29 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
AXP$338.25$299–$342$330.17-2.4%$291.15
GOOGL$357.37$287–$402$340.65-4.7%$342.93
AAPL$289.36$253–$315$316.85+9.5%$268.40
KO$81.27$74–$83$88.67+9.1%$70.78
BAC$56.98$49–$58$61.94+8.7%$49.59
OXY$48.57$49–$65$59.10+21.7%$55.14
GOOG$353.33$287–$399$337.71-4.4%$339.88
KHC$23.62$22–$24$25.13+6.4%$20.79
DAL$93.66$65–$93$78.00-16.7%$79.63

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

82% of Warren Buffett · Berkshire Hathaway’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (13 of 14 names, ~421 trading days). Market beta 1.02.

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
-2.1 pts
Quarters beating S&P
15/34
Avg quarterly return
+1.5%
-41%84%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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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.