Model is leaning on 12mo momentum in 8 of 10 names. Not deep value, not quality. It wants stuff that already ripped, with illiquidity as the second leg. Book +6.2%..+8.0%, median conf 80.

Raiffeisen Bank International AG ($RBI.VI) is the top Financials pick: univ 100, sec 100, +8.0%, conf 80. 12mo momentum +0.0246, 6mo +0.0217, illiquidity +0.0178. Already working, trades thin. Glanbia plc ($GL9.IR) prints the same drivers in Consumer Defensive: univ 100, sec 100, +7.5%, conf 80. Lotus Bakeries NV ($LOTB.BR) is univ 100, sec 98, +7.4%, conf 78 — 12mo momentum + illiquidity + 6mo momentum. Two defensive names, same momentum trade. AT&S Austria Tech.&Systemtech. ($ATS.VI) is Tech top rank: univ 100, sec 100, +7.2%, conf 80. Drivers: 12mo momentum, 6mo momentum, downside risk. Valeo SE ($FR.PA) is different: illiquidity +0.0225 is top driver, then 12mo and 6mo momentum — univ 99, sec 100, +6.9%, conf 80. VAT Group AG ($VACN.SW) is Industrials top rank: univ 99, sec 100, +6.8%, conf 80, with 12mo momentum, 6mo momentum, downside risk. Soitec SA ($SOI.PA) is the second Tech name: univ 99, sec 97, +6.6%, conf 78. Same momentum + downside-risk imprint. Fortum Oyj ($FORTUM.HE)

Raiffeisen Bank International AG ($RBI.VI) is the top Financials pick: univ 100, sec 100, +8.0%, conf 80. 12mo momentum +0.0246, 6mo +0.0217, illiquidity +0.0178. Already working, trades thin. Glanbia