Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

Horizon Quantum Holdings / Index Rebalance

<ul>
<li>The BStar Machine Learning and Quantum Computing Index represents the largest and most liquid global companies in the field of ML and Quantum computing.</li>
<li>There will be five ADDs for the index in June 2026 and a turnover of 20% of the index, which is huge.  US$1.175bn one-way.</li>
<li>The equal-weighting scheme produces interesting flows for the index. We see US$64+mm to trade for each ADD, but so much other movement means LOTS of capping/funding trades.</li>
</ul>


The BStar Machine Learning and Quantum Computing Index represents the largest and most liquid global companies in the field of ML and Quantum computing.
There will be five ADDs for the index in June 2026 and a turnover of 20% of the index, which is huge.  US$1.175bn one-way.
The equal-weighting scheme produces interesting flows for the index. We see US$64+mm to trade for each ADD, but so much other movement means LOTS of capping/funding trades.


[Quiddity Index] BStar ML and Quantum Computing Index Jun26 Rebal Results: 5 ADDs; US$1.18bn One Way

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Bottom-Up

Horizon Quantum Holdings / Equity Bottom-Up

<ul>
  <li>
<a href="https://smartkarma.com/entities/horizon-quantum-holdings-ltd">Horizon Quantum Holdings</a> is a pre-revenue, pure-play quantum software company aiming to build the foundational software layer for the nascent quantum computing industry, abstracting hardware complexity for developers.</li>
  <li>The company's flagship product, Triple Alpha, is an integrated development environment designed to allow programmers to build, compile, and deploy hardware-agnostic quantum applications, potentially positioning HQ at the center of the ecosystem.</li>
  <li>While the long-term market opportunity is substantial, the company faces significant risks, including a complete dependency on the maturation of quantum hardware, high cash burn, and intense competition from both startups and established technology giants.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Horizon Quantum Holdings is a pre-revenue, pure-play quantum software company aiming to build the foundational software layer for the nascent quantum computing industry, abstracting hardware complexity for developers.
  The company's flagship product, Triple Alpha, is an integrated development environment designed to allow programmers to build, compile, and deploy hardware-agnostic quantum applications, potentially positioning HQ at the center of the ecosystem.
  While the long-term market opportunity is substantial, the company faces significant risks, including a complete dependency on the maturation of quantum hardware, high cash burn, and intense competition from both startups and established technology giants.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Horizon Quantum Holdings (HQ US) - Aug 2026

Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

<ul><li>Short sellers were active the week of July 13.</li><li>Borrow costs exploded on several names, led by a leveraged ETF tracking Micron hitting 441% of float.</li><li>Earnings season drove positioning on both sides - bears loaded up on some names while covering hard on others.</li></ul>

Short sellers were active the week of July 13.Borrow costs exploded on several names, led by a leveraged ETF tracking Micron hitting 441% of float.Earnings season drove positioning on both sides - bears loaded up on some names while covering hard on others.

Bears Build Into Earnings Season: Short Interest Spikes Across Small Caps

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

<ul>
<li>
<a href="https://www.smartkarma.com/entities/quantinuum-inc" target="_blank" data-smartkarma-citation="entities:49399:1" rel="noopener">Quantinuum (QNT US)</a> will be added to the BlueStar Machine Learning and Quantum Computing Index after the close on 18 September.</li>
<li>Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with decent ADV to trade.</li>
<li>There are inflows for <a href="https://www.smartkarma.com/entities/honeywell-aerospace-inc" target="_blank" data-smartkarma-citation="entities:50307:1" rel="noopener">Honeywell Aerospace</a>, <a href="https://www.smartkarma.com/entities/honeywell-international-inc" target="_blank" data-smartkarma-citation="entities:16765:1" rel="noopener">Honeywell International</a> and <a href="https://www.smartkarma.com/entities/on-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:2729:1" rel="noopener">On Semiconductor</a> and outflows for <a href="https://www.smartkarma.com/entities/arqit-quantum-inc" target="_blank" data-smartkarma-citation="entities:35381:1" rel="noopener">Arqit Quantum</a>, <a href="https://www.smartkarma.com/entities/horizon-quantum-holdings-ltd" target="_blank" data-smartkarma-citation="entities:36891:1" rel="noopener">Horizon Quantum Holdings</a> and <a href="https://www.smartkarma.com/entities/global-unichip-corp" target="_blank" data-smartkarma-citation="entities:10305:1" rel="noopener">Global Unichip</a>.</li>
</ul>



Quantinuum (QNT US) will be added to the BlueStar Machine Learning and Quantum Computing Index after the close on 18 September.
Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with decent ADV to trade.
There are inflows for Honeywell Aerospace, Honeywell International and On Semiconductor and outflows for Arqit Quantum, Horizon Quantum Holdings and Global Unichip.


BlueStar Machine Learning and Quantum Computing Index: 1 Add & US$1bn Trade

Research from e27, e27

Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

Horizon Quantum Holdings / Private Capital Markets

<ul><li>Singapore-based Horizon Quantum Computing has secured US$18.1 million in a Series A investment from Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund.</li><li>The investment will allow the startup to strengthen its science and engineering teams to accelerate product development, establish its new engineering centre in Europe, and bring its technology to the market.</li><li>This round takes Horizon Quantum’s total funding to approximately US$21.3 million.</li></ul>

Singapore-based Horizon Quantum Computing has secured US$18.1 million in a Series A investment from Sequoia Capital India, Tencent, SGInnovate, Pappas Capital and Expeditions Fund.The investment will allow the startup to strengthen its science and engineering teams to accelerate product development, establish its new engineering centre in Europe, and bring its technology to the market.This round takes Horizon Quantum’s total funding to approximately US$21.3 million.

Tencent, SGInnovate Join US$18.1M Series A Round of Horizon Quantum Computing

Singapore

Horizon Quantum Holdings Ltd. operates as a holding company. The Company, through its subsidiaries, builds software infrastructure that empowers developers to use quantum computing to solve computational problems. Horizon Quantum Holdings serves customers worldwide.

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Horizon Quantum Holdings (HQ US)

[Quiddity Index] BStar ML and Quantum Computing Index Jun26 Rebal Results: 5 ADDs; US$1.18bn One Way

The Bstar ML And Quantum Computing Index gets rebalanced in June and Dec. This time it sees a whopping 22% turnover (one-way) against its nearly...

Travis Lundy

Primer: Horizon Quantum Holdings (HQ US) - Aug 2026

Horizon Quantum Holdings is a pre-revenue, pure-play quantum software company aiming to build the foundational software layer for the nascent...

αSK Primers

Bears Build Into Earnings Season: Short Interest Spikes Across Small Caps

Short sellers were active the week of July 13. Borrow costs exploded on several names, led by a leveraged ETF tracking Micron hitting 441% of...

ORTEX Market Intel

BlueStar Machine Learning and Quantum Computing Index: 1 Add & US$1bn Trade

There is 1 add for BQTUM in Sep. Estimated one-way turnover is 9.1% resulting in a round-trip trade of US$1bn. There are a few stocks with multiple...

Brian Freitas

Tencent, SGInnovate Join US$18.1M Series A Round of Horizon Quantum Computing

Horizon Quantum develops a new generation of programming tools to simplify and expedite software development for quantum computers

e27

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