Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>The MV Global Defense Industry Index represents the performance of companies in national defense industries.</li>
<li>There will be five ADDs for the MV Global Defense Index in June 2026.</li>
<li>We expect one-way flow of roughly US$440mm, which translates to a turnover of 5.6%.</li>
</ul>


The MV Global Defense Industry Index represents the performance of companies in national defense industries.
There will be five ADDs for the MV Global Defense Index in June 2026.
We expect one-way flow of roughly US$440mm, which translates to a turnover of 5.6%.


[Quiddity Index] MV Global Defense Jun26 Rebal Results: 5 ADDs; US$440mm One-Way Capping

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/kongsberg-gruppen-asa" target="_blank" data-smartkarma-citation="entities:22235:1" rel="noopener">Kongsberg Gruppen (KOG NO)</a>, <a href="https://www.smartkarma.com/entities/tkms-ag-co-kgaa" target="_blank" data-smartkarma-citation="entities:46044:1" rel="noopener">TKMS (TKMS GR)</a>, <a href="https://www.smartkarma.com/entities/v2x-inc" target="_blank" data-smartkarma-citation="entities:20443:1" rel="noopener">V2X (VVX US)</a>, <a href="https://www.smartkarma.com/entities/voyager-technologies-inc" target="_blank" data-smartkarma-citation="entities:45210:1" rel="noopener">Voyager Technologies (VOYG US)</a> and <a href="https://www.smartkarma.com/entities/red-cat-holdings-inc" target="_blank" data-smartkarma-citation="entities:37829:1" rel="noopener">Red Cat Holdings (RCAT US)</a> will be added to the MarketVector Global Defense Industry Index.</li>
<li>The 5 adds, float changes and capping changes will result in an estimated one-way turnover of 5.3% resulting in a round-trip trade of US$830m.</li>
<li>Most adds have traded higher over the last few months with <a href="https://www.smartkarma.com/entities/v2x-inc" target="_blank" data-smartkarma-citation="entities:20443:1" rel="noopener">V2X</a> breaking out to new highs and <a href="https://www.smartkarma.com/entities/voyager-technologies-inc" target="_blank" data-smartkarma-citation="entities:45210:1" rel="noopener">Voyager Technologies</a> nearing its earlier highs. Positioning could be unwound into strength.</li>
</ul>



Kongsberg Gruppen (KOG NO), TKMS (TKMS GR), V2X (VVX US), Voyager Technologies (VOYG US) and Red Cat Holdings (RCAT US) will be added to the MarketVector Global Defense Industry Index.
The 5 adds, float changes and capping changes will result in an estimated one-way turnover of 5.3% resulting in a round-trip trade of US$830m.
Most adds have traded higher over the last few months with V2X breaking out to new highs and Voyager Technologies nearing its earlier highs. Positioning could be unwound into strength.


MV Global Defense Industry Index Rebalance: 5 Adds; 5.3% Turnover; US$830m Trade

Podcast by Andrew Walker, a PM at Rangeley Capital, Yet Another Value Podcast

Yet Another Value Podcast

Podcast by Andrew Walker, a PM at Rangeley Capital

Yet Another Value Podcast is a new podcast from Andrew Walker, the founder of yetanothervalueblog.substack.com/. We interview top investors and dive deep into stocks and companies they are currently working on and investing in. While nothing on this channel is investing advice and everyone should do their own diligence, our goal is to frequently feature edgy and actionable value and/or event driven ideas. Please see our legal and disclaimer at: https://yetanothervalueblog.substack.com/p/legal-and-disclaimer

Equity Bottom-Up

<ul><li>Paul Cerro, founder of the Cedar Grove Empire, discusses his investment in Redcat Holdings</li><li>Redcat is a US-based drone manufacturer specializing in unmanned drones for military purposes</li><li>Redcat is poised to potentially win a lucrative US Army contract, driving significant upside potential</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Paul Cerro, founder of the Cedar Grove Empire, discusses his investment in Redcat HoldingsRedcat is a US-based drone manufacturer specializing in unmanned drones for military purposesRedcat is poised to potentially win a lucrative US Army contract, driving significant upside potentialThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Cedar Grove's Paul Cerro on what makes $RCAT drones unique + odds for winning SRR contract

United States

Red Cat Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides distributed data storage, analytics, and services for the drone industry. Red Cat Holdings offers black box drone flight recorder and distributed system with security and encryption.

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Red Cat Holdings (RCAT US)

[Quiddity Index] MV Global Defense Jun26 Rebal Results: 5 ADDs; US$440mm One-Way Capping

The MV Global Defense Index provides five ADDs this time. That's a fair bit. One name has substantial buying to do but there has already been...

Travis Lundy

MV Global Defense Industry Index Rebalance: 5 Adds; 5.3% Turnover; US$830m Trade

The 5 adds, float changes and capping changes result in an estimated one-way turnover of 5.3% and in a round-trip trade of US$830m. Multiple days...

Brian Freitas

Cedar Grove's Paul Cerro on what makes $RCAT drones unique + odds for winning SRR contract

Paul Cerro, founder of the Cedar Grove Empire, discusses potential investment opportunity in Redcat, a US unmanned drone manufacturer competing for...

Yet Another Value Podcast

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