Prior Movesmirror the world’s best investors

🪞 Tom Russo · Gardner Russo & Quinn

Global brand compounders.

Style
Value & quality
Disclosed holdings
86
Model accuracy (AUC)
58%
Backtest edge
-1.1 pts/q

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

Pure model output for Tom Russo · Gardner Russo & Quinn’s next 13F filing, no public confirmation yet. Probabilities are the model’s raw scores.

#TickerCompanyModel probability
1SUNBSunbelt Rentals Holdings Inc98%
2OIIOceaneering Intl Inc75%
3JBHTHunt (Jb) Transprt Svcs Inc75%
4ALRMAlarm.Com Holdings Inc71%
5TREXTrex Company Inc57%
6QLYSQualys Inc56%
7CVSACovista Inc56%
8VENVentas Inc49%
9BIDUNBaidu Inc - Spon Adr49%
10BUWABio-Rad Laboratories-A49%

📉 Predicted exits, conviction fading

Of Tom Russo · Gardner Russo & Quinn’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
-Carlsberg B A/S0.01%trimmed last Q▲▲ 68
-Rational Ag0.02%added last Q 56
GOOGLAlphabet Inc Cl A0.04%trimmed last Q 52
AXPAmerican Express0.02%trimmed last Q 52
-Konecranes0.02%added last Q 51
LAMRLamar Advertising Co-A0.01%trimmed last Q· 50
-Total Return Securities Fund0.01%trimmed last Q· 49
-Sunbelt Rentals Holdings Ord0.01%just entered· 49

⚠️ This predicts the ACTION (whether Tom Russo · Gardner Russo & Quinn 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/ABerkshire Hathaway Inc Cl A12.34%✊ Held
GOOGAlphabet Inc Cl C11.31%➖ Trimmed
MAMastercard Inc Cl A9.15%✊ Held
4I1Philip Morris International In8.96%✊ Held
-Heineken Holding Nv7.57%✊ Held
-Compagnie Financiere Richemont7.00%✊ Held
-Nestle Sa Sponsored Adr6.39%✊ Held
NFLXNetflix Inc6.35%➕ Added
BRK/BBerkshire Hathaway Inc Cl B6.26%✊ Held
MLMMartin Marietta Materials4.96%✊ Held
SUNBSunbelt Rentals Holdings Inc4.63%🆕 New
UBERUber Technologies Inc4.38%✊ Held
-Eurofins Scientific2.63%🆕 New
-Pernod Ricard2.16%✊ Held
DASHDoordash Inc Cl A1.77%✊ Held

Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 86 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-A$718140.00$703700–$762570$745140.00+3.8%
GOOG$286.86$273–$344$353.81+23.3%
MA$499.66$483–$578$551.54+10.4%
NFLX$96.15$76–$99$74.35-22.7%
BRK-B$479.20$468–$508$490.91+2.4%
MLM$588.68$561–$707$594.17+0.9%
SUNB$65.09$63–$76$73.19+12.4%
UBER$71.93$69–$88$74.54+3.6%
DASH$150.15$147–$231$184.14+22.6%
CMCSA$28.71$26–$32$23.79-17.1%

🧬 Factor fingerprint, the style behind the book

70% of Tom Russo · Gardner Russo & Quinn’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (6 of 8 names, ~451 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
-1.1 pts
Quarters beating S&P
13/34
Avg quarterly return
+2.6%
-2%103%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.