Prior Movesmirror the world’s best investors

🪞 Engaged

Style
Activist
Disclosed holdings
8
Model accuracy (AUC)
50%
Backtest edge
-

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

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

#TickerCompanyModel probability
1PWRQuanta Services Inc83%
2JBHTHunt (Jb) Transprt Svcs Inc74%
3NTRNutrien Ltd74%
4ENBEnbridge Inc66%
5THSTreehouse Foods Inc65%
6FTCHQFarfetch Ltd-Class A65%
7IQIqiyi Inc-Adr65%
8GRBKGreen Brick Partners Inc65%
9DISHDish Network Corp-A65%
10FIVNFive9 Inc61%

📉 Predicted exits, conviction fading

Of Engaged’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
CGNXCognex Corp7.81%trimmed last Q▲▲ 62
-Portillos Inc6.00%added last Q 51

⚠️ This predicts the ACTION (whether Engaged 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
VFCV F Corp26.20%➖ Trimmed
YETIYeti Hldgs Inc21.52%➖ Trimmed
BLBlackline Inc16.68%➕ Added
-Gxo Logistics Incorporated14.04%✊ Held
CGNXCognex Corp7.81%➖ Trimmed
-Portillos Inc6.00%➕ Added
EVHEvolent Health Inc4.18%✊ Held
-Brc Inc3.57%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 8 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 cost
VFC$16.99$16–$21$16.50-2.9%
YETI$36.59$36–$51$51.05+39.5%
BL$37.00$33–$58$29.11-21.3%
CGNX$48.99$37–$59$63.24+29.1%
EVH$2.28$2–$4$6.19+171.5%

🧬 Factor fingerprint, the style behind the book

64% of Engaged’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (5 of 5 names, ~451 trading days). Market beta 1.39.

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.

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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.