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>After a yuuge rally in the stock over the last 8 months, <a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a> could be added to a global index in February.</li>
<li>
<a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a> is also a potential upward migration in a local index a few weeks later and that will lead to more passive buying.</li>
<li>There has been increased positioning in <a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a>, but we also see a similar trend in its peers that do not have any upcoming passive flows.</li>
</ul>


After a yuuge rally in the stock over the last 8 months, Pilbara Minerals (PLS AU) could be added to a global index in February.

Pilbara Minerals (PLS AU) is also a potential upward migration in a local index a few weeks later and that will lead to more passive buying.
There has been increased positioning in Pilbara Minerals (PLS AU), but we also see a similar trend in its peers that do not have any upcoming passive flows.


PLS Group (PLS AU): Index Inclusion Follows Huge Move Higher

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 5th October, published on the 9th October.</li>
<li>The largest industry net increase in the past week was A$0.7bn into "Metals &amp; Mining"; the largest industry net decrease was A$0.03bn out of "Coal". Net shorts increased A$2.5bn week-on-week.</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/wesfarmers-ltd" target="_blank" data-smartkarma-citation="entities:1104:1" rel="noopener">Wesfarmers (WES AU)</a>, <a href="https://www.smartkarma.com/entities/northern-star-resources-ltd" target="_blank" data-smartkarma-citation="entities:4243:1" rel="noopener">Northern Star Resources (NST AU)</a>, <a href="https://www.smartkarma.com/entities/pinnacle-investment-management" target="_blank" data-smartkarma-citation="entities:20624:1" rel="noopener">Pinnacle Investment Management (PNI AU)</a>, <a href="https://www.smartkarma.com/entities/alcoa-corporation" target="_blank" data-smartkarma-citation="entities:45100:1" rel="noopener">Alcoa Corporation (AAI AU)</a>, and <a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp (LYC AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 5th October, published on the 9th October.
The largest industry net increase in the past week was A$0.7bn into "Metals &amp; Mining"; the largest industry net decrease was A$0.03bn out of "Coal". Net shorts increased A$2.5bn week-on-week.
Companies mentioned in this regular weekly report include: Wesfarmers (WES AU), Northern Star Resources (NST AU), Pinnacle Investment Management (PNI AU), Alcoa Corporation (AAI AU), and Lynas Corp (LYC AU).


Aussie Shorts [5th Oct 2026]: Wesfarmers , Northern Star Res., Pinnacle Investment, Alcoa, Lynas

Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>The US-Australia critical minerals investment agreement has driven lithium miner Pilbara Minerals&rsquo; share price on sentiment, well above fundamentals, on most assessments.</li><li> US-Australia critical minerals deal sends miner share prices surging Pilbara Minerals posts solid September quarter beat Lithium prices remain below new production threshold Most brokers see Pilbara Minerals as overvalued</li></ul>

The US-Australia critical minerals investment agreement has driven lithium miner Pilbara Minerals&rsquo; share price on sentiment, well above fundamentals, on most assessments. US-Australia critical minerals deal sends miner share prices surging Pilbara Minerals posts solid September quarter beat Lithium prices remain below new production threshold Most brokers see Pilbara Minerals as overvalued

Valuation vs Sentiment For Pilbara Minerals

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 2nd (reported today). The aggregated short interest was USD50.5bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 2nd (reported today). The aggregated short interest was USD50.5bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp.


ASX Short Interest Weekly (Oct 2nd): Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 25th (reported today). The aggregated short interest was USD49.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Steadfast, Wesfarmers, Macquarie, Ampol, BHP.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 25th (reported today). The aggregated short interest was USD49.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Steadfast, Wesfarmers, Macquarie, Ampol, BHP.


ASX Short Interest Weekly (Sep 25th): Steadfast, Wesfarmers, Macquarie, Ampol, BHP

Australia

PLS Group Limited operates as a mining and exploration company. The Company focuses on the exploration and development of hard rock lithium projects, as well as manufactures battery materials. PLS Group serves customers worldwide.

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PLS Group (PLS AU)

PLS Group (PLS AU): Index Inclusion Follows Huge Move Higher

PLS Group could be added to a global index in Feb. And then to a local index in March. Shorts have covered but are still huge compared to float....

Brian Freitas

Aussie Shorts [5th Oct 2026]: Wesfarmers , Northern Star Res., Pinnacle Investment, Alcoa, Lynas

The largest industry net increase in the past week was A$0.7bn into "Metals & Mining"; the largest industry net decrease was A$0.03bn out of...

David Blennerhassett

Valuation vs Sentiment For Pilbara Minerals

The US-Australia critical minerals investment agreement has driven lithium miner Pilbara Minerals’ share price on sentiment, well above...

FNArena

ASX Short Interest Weekly (Oct 2nd): Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Alcoa, Wesfarmers,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Sep 25th): Steadfast, Wesfarmers, Macquarie, Ampol, BHP

We analyzed ASX short interest report for the past week and highlight short interest changes in Steadfast, Wesfarmers, Macquarie, Ampol, BHP.

Ke Yan, CFA, FRM

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