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Confirmed

Risk-Off Basket · BF-B

29 names are moving together; 28% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
VRTXVertex Pharmaceuticals IncorporHealthcare-1.1%Group member
DDDuPont de Nemours, Inc.Basic Materials-1.7%Group member
FGF&G Annuities & Life, Inc.Financial Services+3.8%Group member
CAKEThe Cheesecake Factory IncorporConsumer Cyclical-0.9%Group member
PBProsperity Bancshares, Inc.Financial Services+0.9%Group member
MRPMillrose Properties, Inc.Real Estate-0.6%Group member
CBLCBL & Associates Properties, InReal Estate-1.6%Group member
VCELVericel CorporationHealthcare+1.0%Group member
EGPEastGroup Properties, Inc.Real Estate+0.6%Group member
ZTOZTO Express (Cayman) Inc.Industrials+0.8%Group member
BOHBank of Hawaii CorporationFinancial Services-0.2%Group member
PNCPNC Financial Services Group, IFinancial Services+0.4%Group member
JBSJBS N.V.Consumer Defensive-0.8%Group member
FRTFederal Realty Investment TrustReal Estate+0.8%Group member
MMSIMerit Medical Systems, Inc.Healthcare-0.0%Group member
BMRNBioMarin Pharmaceutical Inc.Healthcare+0.1%Group member
BOKFBOK Financial CorporationFinancial Services-0.4%Group member
FBRTFranklin BSP Realty Trust, Inc.Real Estate-1.2%Group member
GMEDGlobus Medical, Inc.Healthcare+2.0%Group member
PRIMPrimoris Services CorporationIndustrials-1.6%Group member
AKRAcadia Realty TrustReal Estate+0.3%Group member
LXPLXP Industrial TrustReal Estate-0.8%Group member
CUBECubeSmartReal Estate+1.1%Group member
TFCTruist Financial CorporationFinancial Services+0.5%Group member

Why we believe this

Cohort

29 names

Participation

28% this session

Observed history

1 daily builds

Filing coverage

27/29 members

credit / rates affecting interest expense

26 • We delivered diluted earnings per share of $1.41 for the nine months ended January 31, 2026, a decrease of 8% from the $1.53 reported for the same period last year, driven by the absence of gain on sale of our investment in Duckhorn and an increase in non-operating postretirement expense, partially offset by lower interest expense, net.

BF-B 10-Q

credit / rates

The $191 million increase largely reflects a $400 million increase in share repurchases and an $8 million increase in dividend payments, partially offset by a $214 million decrease in net repayments of short-term borrowings.

BF-B 10-Q

demand / volume

These declines were partially offset by (a) new product launches, including JDTB, Jack Daniel’s Single Barrel Heritage Barrel, and New Mix, (b) higher net pricing across the portfolio as a result of changes to our distributor relationship terms, and (c) higher volumes of Woodford Reserve due to timing of distributor ordering patterns in our transition markets.

BF-B 10-Q

Risk-Off Basket can stay leader-led if BMRN and the next software names fail to join while BF-B keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.