Prior Movesmirror the world’s best investors

🪞 Francois Rochon · Giverny

Quality compounders.

Style
Value & quality
Disclosed holdings
51
Model accuracy (AUC)
56%
Backtest edge
+4.3 pts/q

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

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

#TickerCompanyModel probability
1SUNBSunbelt Rentals Holdings Inc99%
2ADPAutomatic Data Processing98%
3ALGTAllegiant Travel Co97%
4TLRDQTailored Brands Inc97%
5UTXZUnited Tech Corp97%
6LMEURLegg Mason Inc97%
7CARSCars.Com Inc97%
8FBPFirst Bancorp Puerto Rico97%
9VISNVistance Networks Inc94%
10LELands' End Inc94%

📉 Predicted exits, conviction fading

Of Francois Rochon · Giverny’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
TWFGTwfg Inc0.37%added last Q 55
-Invesco Exch Traded Fd Tr Ii0.04%just entered 54
RSPInvesco S&P500 Eq Wgt Etf0.04%just entered 53
TSMTaiwan Semiconductor Mfg Ltd0.10%trimmed last Q 51
-Aaon Inc0.61%just entered· 50
SUNBSunbelt Rentals Hldgs In Gb Shrs0.65%just entered· 50
-Installed Bldg Prods Inc3.92%trimmed last Q· 48

⚠️ This predicts the ACTION (whether Francois Rochon · Giverny 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
BRK/BBerkshire Hathaway Inc Del6.64%➖ Trimmed
GOOGAlphabet Inc C6.52%✊ Held
METAMeta Platforms Inc6.45%✊ Held
HEI/AHeico Corp New5.71%✊ Held
SCHWSchwab Charles Corp5.29%✊ Held
FIVEFive Below Inc5.16%✊ Held
AMEAmetek Inc4.80%➖ Trimmed
MEDPMedpace Holdings Inc4.50%✊ Held
VVisa Inc4.39%✊ Held
-Installed Bldg Prods Inc3.92%➖ Trimmed
PGRProgressive Corp3.83%✊ Held
GOOGLAlphabet Inc3.67%✊ Held
KEYSKeysight Technologies Inc3.34%✊ Held
NVRNvr Inc3.29%✊ Held
BKNGBooking Holdings Inc.3.26%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 51 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
BRK-B$479.20$468–$508$490.91+2.4%
GOOG$286.86$273–$344$353.81+23.3%
META$572.13$525–$737$664.54+16.2%
HEI-A$211.09$205–$276$254.74+20.7%
SCHW$93.98$91–$106$103.12+9.7%
FIVE$228.48$185–$235$197.71-13.5%
AME$214.36$208–$241$237.00+10.6%
MEDP$480.19$416–$621$529.23+10.2%
V$302.24$295–$356$348.97+15.5%
PGR$198.24$198–$216$230.72+16.4%

🧬 Factor fingerprint, the style behind the book

78% of Francois Rochon · Giverny’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (12 of 12 names, ~451 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
+4.3 pts
Quarters beating S&P
18/34
Avg quarterly return
+7.8%
0%340%680%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.