Model is putting weight on short interest % and earnings yield vs bonds, with financials, defensives, and utilities doing the heavy lifting. 6 of 10 top longs carry a short-interest ↑. Fiserv, Inc. ($

Edison International ($EIX) is the utilities standout: univ/sec 100%, +11.0%, conf 94. Earnings yield vs bonds +0.0667 and illiquidity +0.0258 drive it, but short interest is a ↓ (-0.0268). That’s the difference from the top two. The Allstate Corporation ($ALL) is financials: univ 99%, sec 100%, +10.9%, conf 94. Earnings yield vs bonds +0.0711, short interest +0.0512, fwd/trail P/E +0.0214. Value + squeeze combo, not pure defense. PG&E Corporation ($PCG) is another utility: univ 99%, sec 97%, +10.5%, conf 92. Short interest +0.0695, earnings yield vs bonds +0.0622, 60d volatility +0.0219. Higher vol kicker, so not the same sleepy utility trade. Solventum Corporation ($SOLV) is the lone healthcare name: univ 99%, sec 100%, +10.4%, conf 94. Earnings yield vs bonds +0.0685, short interest +0.0291, illiquidity +0.0277. Sector diversity is thin; model keeps chasing the same cash-flow/short prints. BNY ($BNY) is financials: univ 99%, sec 99%, +10.3%, conf 93. Short interest +0.0797, illiquid

Edison International ($EIX) is the utilities standout: univ/sec 100%, +11.0%, conf 94. Earnings yield vs bonds +0.0667 and illiquidity +0.0258 drive it, but short interest is a ↓ (-0.0268). That’s the