>>> Makor Monthly Share Class Report

Please find attached Makor’s Europe Monthly Share Class Report.

We now split our focus lists in 2 categories:
  1. Special Situations
  2. Mean Reversion trades

We focus in Europe on Share Classes with a liquidity for each leg > €2.5m and a Spread > 2%.
We elaborate further in this note and we have additional analysis available on request.

Focus list 1 - Special Situations:
  1. SCHA NO - SCHB NO
  2. RYAAY US - RYA ID
  3. TITR IM - TIT IM
  4. LISN SW - LISP SW
  5. VOW3 GY - VOW GY
  6. VOLVA SS - VOLVB SS
  7. INDUA SS - INDUC SS
  8. SCHN SW – SCHP SW
  9. SHBA SS – SHBB SS
  10. SRT3 GY - SRT GY
  11. SSABA SS - SSABB SS
  12. INVEA SS – INVEB SS
  13. GRFS US - GRF SM
Focus list 2 - Mean Reversion trades:
  1. ATCOB SS - ATCOA SS
  2. BMW3 GY - BMW GY
  3. EPIB SS - EPIA SS
  4. HEN3 GY - HEN GY
  5. MAERSKA DC - MAERSKB DC
  6. RO SW - ROG SW
  7. UHRN SW - UHR SW