Confirmed

Regional and Diversified Banks

7 names are moving together; 71% are participating in the current session.

3 observed Confirmed episodes

Co-movement

Observed member paths adjusted against SPY. Shading marks the latest observation window.

Members

TICKER	Company	Sector	Today	Observed activity
XP	XP Inc.	Financial Services	-0.8%	1/7 observed active sessions
CIB	Grupo Cibest S.A.	Financial Services	-1.4%	4/7 observed active sessions
SMFG	Sumitomo Mitsui Financial Group	Financial Services	+0.5%	1/7 observed active sessions
MFG	Mizuho Financial Group, Inc. Sp	Financial Services	+0.9%	1/7 observed active sessions
MUFG	Mitsubishi UFJ Financial Group,	Financial Services	-0.3%	2/7 observed active sessions
NMR	Nomura Holdings Inc	Financial Services	+1.1%	1/7 observed active sessions
AKO-B	Embotelladora Andina S.A.	Consumer Defensive	+0.4%	2/7 observed active sessions

Why we believe this

Cohort

7 names

Participation

71% this session

Observed history

15 daily builds

This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.

Connected, outside the group

LITE

MFGsupplier · Not moving with the group now

Filing receipt · LITE / MFG

“As the principal amounts of all of our outstanding convertible notes must be settled in cash, the actual cash settlement may be higher if we decide to settle the convers…”
MFG · supplier

MSTR

MFGsupplier · Not moving with the group now

Filing receipt · MSTR / MFG

“Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Moelis & Company LLC, Morgan Stanley & Co.”
MFG · supplier

STRF

MFGsupplier · Current intraday read unavailable

Filing receipt · STRF / MFG

“Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Maxim Group LLC, Mizuho Securities USA LLC, Moelis & Company LLC, Morgan Stanley & Co.”
MFG · supplier

PMT

MFGcompetitor · Current intraday read unavailable

Filing receipt · PMT / MFG

“12,629 Bank of Montreal 10,826 Mizuho Financial Group 4,635 Daiwa Capital Markets America Inc.”
MFG · competitor

JEF

SMFGpartner · Not moving with the group now

Filing receipt · JEF / SMFG

“Strategic Alliance with SMBC Group In July 2021, we entered into a strategic alliance with Sumitomo Mitsui Financial Group, Inc.”
SMFG · partner

History

2026-07-28 → 2026-07-302 observed active sessions · 25% of active names held across the episode

2026-07-17 → 2026-07-224 observed active sessions · 0% of active names held across the episode

2026-07-101 observed active session · 100% of active names held across the episode