Model is stuffing the book with 12mo momentum — 7 of 10 carry it. Top decile of STOXX 600, conf 75-79, 6m expected +7.1% to +9.2%. Tech 3, Financials 2, Staples 2, Industrials 2, Discretionary 1. Mome

Raiffeisen Bank International AG ($RBI.VI) is the top rank: +9.2%, conf 79, univ/sec 100. Drivers: 12mo/6mo momentum + illiquidity. Glanbia plc ($GL9.IR) +8.7%, conf 79: illiquidity leads, then 12mo/6mo momentum. AT&S Austria Tech.&Systemtech. ($ATS.VI) +8.4%, conf 79: momentum + downside risk. Three 100/100 ranks. That’s a cluster. VAT Group AG ($VACN.SW) +8.4%, conf 79: same 12mo/6mo momentum print, but downside risk instead of illiquidity. Lotus Bakeries NV ($LOTB.BR) +7.9%, conf 77: momentum + illiquidity, Staples. Soitec SA ($SOI.PA) +7.8%, conf 77: momentum + downside risk, Tech. VAT and Soitec share the downside-risk momentum trade in different sectors. Edenred SE ($EDEN.PA) +7.5%, conf 78: no 12mo momentum driver. It’s 6mo momentum + illiquidity, with downside risk. Technoprobe S.p.A. ($TPRO.MI) +7.4%, conf 75: 12mo/6mo momentum + illiquidity. Lower confidence, lower return. Edenred is the odd one — the model wants the 6mo leg here. thyssenkrupp AG ($TKA.DE) +7.1%, conf 78: 12m

Raiffeisen Bank International AG ($RBI.VI) is the top rank: +9.2%, conf 79, univ/sec 100. Drivers: 12mo/6mo momentum + illiquidity. Glanbia plc ($GL9.IR) +8.7%, conf 79: illiquidity leads, then 12mo/6