Jeff Ubben · Inclusive Capital
Dormant. This investor last filed a 13F for Sep 2025 and has not filed under this CIK since. The holdings below are that final disclosed book, kept as a historical record; no new predictions are produced for a book that has stopped reporting.
ESG / impact activist.
The board ranks candidate holdings for a later filing. The stored hit-rate and lift summaries have not been reconciled to the serving model version, so they are withheld. The ranks are not return forecasts. See the methodology for the separate historical ranking evaluation.
Ranking evidence is model- and population-specific. The current serving board and stored per-investor holdout summaries do not yet have a verified version mapping, so no per-investor hit rate or AUC is shown.
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Top disclosed holdings: Jun 2024
| Ticker | Company | Weight | Last change |
|---|---|---|---|
| RDDT | Reddit Inc | 45.76% | ✊ Held |
| STRA | Strategic Ed Inc | 36.99% | ➖ Trimmed |
| NGVT | Ingevity Corp | 17.25% | ✊ Held |
Source: SEC Form 13F (public domain), long U.S. equity positions only, disclosed up to 45 days after quarter-end. Top 15 of 3 shown.
Factor fingerprint, the style behind the book
34% of Jeff Ubben · Inclusive Capital’s day-to-day swings are explained by public, buyable factors (Fama-French 5 + momentum), regressed on their current disclosed book (3 of 3 names, ~391 trading days). Market beta 1.19.
⚠️ 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
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. Historical simulation only. Portfolio outcomes do not establish prospective performance, and the average is sensitive to a small number of quarters. 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.