Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SE600 index is one of the most widely followed benchmark indices in Europe. It also acts as a universe for some highly tracked indices.</li>
<li>In this insight, we consider potential index changes that could take place in the December 2026 rebal, along with many M&amp;A deals that could trigger intra-review changes.</li>
<li>We discuss around seven intra-review index changes likely to take place on or before 4Q 2026 and three regular changes during the December 2026 rebal.</li>
</ul>


The SE600 index is one of the most widely followed benchmark indices in Europe. It also acts as a universe for some highly tracked indices.
In this insight, we consider potential index changes that could take place in the December 2026 rebal, along with many M&amp;A deals that could trigger intra-review changes.
We discuss around seven intra-review index changes likely to take place on or before 4Q 2026 and three regular changes during the December 2026 rebal.


Quiddity Leaderboard SE600 Dec26: Multiple Intra-Review Changes Likely

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.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
<a href="https://smartkarma.com/entities/van-lanschot-kempen-nv">Van Lanschot Kempen</a> is a well-established Dutch wealth manager with a history dating back to 1737, positioning it as a stable and reputable player in the Benelux region.</li>
 <li>The company is executing a clear growth strategy focused on both organic expansion and bolt-on acquisitions, aiming for an average annual growth of 10% in assets under management.</li>
 <li>Financial performance is robust, characterized by strong multi-year growth in revenue, net income, and dividends, supported by a capital-light business model.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Van Lanschot Kempen is a well-established Dutch wealth manager with a history dating back to 1737, positioning it as a stable and reputable player in the Benelux region.
  The company is executing a clear growth strategy focused on both organic expansion and bolt-on acquisitions, aiming for an average annual growth of 10% in assets under management.
  Financial performance is robust, characterized by strong multi-year growth in revenue, net income, and dividends, supported by a capital-light business model.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Van Lanschot Kempen (VLK NA) - Aug 2026

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

<ul><li>In this edition: • Van Lanschot Kempen | Delen Private Bank expands in the Netherlands with 8th acquisition • Acomo | acquires Cublend in the Netherlands • CM.com | reiterates outlook of at least 30% increase in FY26 adjusted EBITDA • Allegro | strengthens logistics partnership with DHL eCommerce • E-commerce & Logistics | AliExpress fined EUR 550m for violating the DSA</li></ul>

In this edition: • Van Lanschot Kempen | Delen Private Bank expands in the Netherlands with 8th acquisition • Acomo | acquires Cublend in the Netherlands • CM.com | reiterates outlook of at least 30% increase in FY26 adjusted EBITDA • Allegro | strengthens logistics partnership with DHL eCommerce • E-commerce & Logistics | AliExpress fined EUR 550m for violating the DSA

Van Lanschot Kempen NV - What's News in Amsterdam

<ul>
<li>The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.</li>
<li>The potential ADDs and DELs of SE600 September 2026 rebal are starting to take shape, with the ranking cutoff (31st August 2026 close) now about six weeks away.</li>
<li>We now expect three intra-review index changes before the regular rebal and seven regular changes during the September 2026 rebal.</li>
</ul>


The SE600 index is a widely followed benchmark index in Europe. This index is rebalanced on a quarterly basis.
The potential ADDs and DELs of SE600 September 2026 rebal are starting to take shape, with the ranking cutoff (31st August 2026 close) now about six weeks away.
We now expect three intra-review index changes before the regular rebal and seven regular changes during the September 2026 rebal.


Quiddity Leaderboard SE600 Sep26: Base Date Six Weeks Out; Seven ADDs and DELs Likely

Thematic (Sector/Industry)

<ul>
<li>dsm-firmenich delivered a stronger-than-expected start to 2026, with 1Q26 organic revenue growth of 4%, materially ahead of consensus expectations of ~1.5%, supported primarily by volume expansion rather than pricing.</li>
<li>Reported group revenue reached EUR 2.28bn, slightly above market forecasts despite a 6% adverse FX impact and the divestment effect from the animal nutrition business sold to CVC.</li>
<li>Adj. EBITDA of EUR 434m modestly exceeded consensus, demonstrating resilience in margins amid ongoing macroeconomic volatility.</li>
</ul>


dsm-firmenich delivered a stronger-than-expected start to 2026, with 1Q26 organic revenue growth of 4%, materially ahead of consensus expectations of ~1.5%, supported primarily by volume expansion rather than pricing.
Reported group revenue reached EUR 2.28bn, slightly above market forecasts despite a 6% adverse FX impact and the divestment effect from the animal nutrition business sold to CVC.
Adj. EBITDA of EUR 434m modestly exceeded consensus, demonstrating resilience in margins amid ongoing macroeconomic volatility.


Netherlands

Van Lanschot Kempen N.V. provides banking and financial services. The Company offers private banking, investment, finance, mortgages, insurance, equity management, and charity services. Van Lanschot Kempen serves customers worldwide.

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Van Lanschot Kempen (VLK NA)

Quiddity Leaderboard SE600 Dec26: Multiple Intra-Review Changes Likely

SE600 members Beazley and Schroders will be deleted from the index after today's close. We expect Vontobel (VONN SW) and B&M European Value Retail...

Afridi Reyal

Primer: Van Lanschot Kempen (VLK NA) - Aug 2026

Van Lanschot Kempen is a well-established Dutch wealth manager with a history dating back to 1737, positioning it as a stable and reputable...

αSK Primers

Van Lanschot Kempen NV - What's News in Amsterdam

In this edition: • Van Lanschot Kempen | Delen Private Bank expands in the Netherlands with 8th acquisition • Acomo | acquires Cublend in the...

The IDEA!

Quiddity Leaderboard SE600 Sep26: Base Date Six Weeks Out; Seven ADDs and DELs Likely

The SE600 Rankings are stabilizing with six weeks to go; banking-name ADDs Alior Bank, Van Lanschot Kempen, and Vontobel are expected to see...

Afridi Reyal

What's News in Amsterdam

Adj. EBITDA of EUR 434m modestly exceeded consensus, demonstrating resilience in margins amid ongoing macroeconomic volatility.

The IDEA!

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