Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul><li>The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN market cap online travel company that is gobbling up its own shares.</li><li>We have ideas profiled from Poland, Canada, India, Austria, Argentina, Italy, and of course, the United States.</li><li>The report will start with my personal favorite idea and then cover the additional ideas in alphabetical order.</li></ul>

The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN market cap online travel company that is gobbling up its own shares.We have ideas profiled from Poland, Canada, India, Austria, Argentina, Italy, and of course, the United States.The report will start with my personal favorite idea and then cover the additional ideas in alphabetical order.

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

Index Rebalance

<ul>
<li>There are 44 adds, 1 delete and 2 listing changes for the <a href="https://www.smartkarma.com/entities/vaneck-vectors-junior-gold-miners-etf" target="_blank" data-smartkarma-citation="entities:32845:1" rel="noopener">VanEck Vectors Junior Gold Miners ETF (GDXJ US)</a> in September. There are capping and float changes too.</li>
<li>Estimated one-way turnover is 15% resulting in a round-trip trade of US$3.2bn. There is a lot of stock to buy in the inclusions.</li>
<li>There are a number of adds in Asia that will have same-way flow from passive trackers of other local and global indices on the same day.</li>
</ul>


There are 44 adds, 1 delete and 2 listing changes for the VanEck Vectors Junior Gold Miners ETF (GDXJ US) in September. There are capping and float changes too.
Estimated one-way turnover is 15% resulting in a round-trip trade of US$3.2bn. There is a lot of stock to buy in the inclusions.
There are a number of adds in Asia that will have same-way flow from passive trackers of other local and global indices on the same day.


MV Global Junior Gold Miners (GDXJ) Index Rebalance: 44 Adds; 1 Delete; US$3.2bn Trade

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>The MV Global Junior Gold Miners index represents the performance of small/medium-cap gold and silver mining companies listed around the world.</li>
<li>There will be 44 ADDs and 2 DELs for the September 2026 rebal.  The ADDs are small yet high-impact and there will be one big DEL.</li>
<li>We expect a one-way flow of US$1.35bn for September 2026 to trade on the close of 18th September 2026.</li>
</ul>


The MV Global Junior Gold Miners index represents the performance of small/medium-cap gold and silver mining companies listed around the world.
There will be 44 ADDs and 2 DELs for the September 2026 rebal.  The ADDs are small yet high-impact and there will be one big DEL.
We expect a one-way flow of US$1.35bn for September 2026 to trade on the close of 18th September 2026.


[Quiddity Index] MV Junior Gold Miners Sep26 Results: 44 ADDs and 2 DELs; ~1.35bn One-Way Flows

<ul>
<li>The MV Junior Gold Miners index represents the performance of small-cap and mid-cap gold and silver mining companies listed around the world. </li>
<li>This index regularly sees double-digit changes at its semi-annual reviews, and September 2026 is shaping up that way; we expect 20+ index changes (ADDs/DELs).</li>
<li>The top 5 fixed-weight capping in this index creates interesting UP/DOWN weights, and the race for the top 5 is tight. BIG Day Counts to trade here.</li>
</ul>


The MV Junior Gold Miners index represents the performance of small-cap and mid-cap gold and silver mining companies listed around the world. 
This index regularly sees double-digit changes at its semi-annual reviews, and September 2026 is shaping up that way; we expect 20+ index changes (ADDs/DELs).
The top 5 fixed-weight capping in this index creates interesting UP/DOWN weights, and the race for the top 5 is tight. BIG Day Counts to trade here.


[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: Changes Galore; US1.7bn+ One-Way

Canada

Mineros S.A. provides exploration and mining services. The Company explores and develops gold projects. Mineros serves customers worldwide.

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Mineros SA (MSA CN)

Best Ideas of 2025

The range of ideas is broad. The smallest market cap is a $15MM Canadian micro-cap that is trading below its net cash, and the largest is an $25BN...

Richard Howe

MV Global Junior Gold Miners (GDXJ) Index Rebalance: 44 Adds; 1 Delete; US$3.2bn Trade

There are 44 adds and 1 delete in Sep. Estimated one-way turnover is 15% resulting in a round-trip trade of US$3.2bn. Lots to sell in Evolution...

Brian Freitas

[Quiddity Index] MV Junior Gold Miners Sep26 Results: 44 ADDs and 2 DELs; ~1.35bn One-Way Flows

We had foreseen big changes for the MV Gloabl Junior Gold Miners Index in Sep26 but the rebal is HUGE. VERY BROAD. 44 ADDs and only one real...

Travis Lundy

[Quiddity Index] MV Junior Gold Miners Sep26 Rebal: Changes Galore; US1.7bn+ One-Way

The MV Junior Gold Miners Index rebal is a fave. Turnover is high on index construction; there are multiple ways to win. There are some BIG...

Travis Lundy

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