The scan is leaning short bond-proxy pain. Earnings yield vs bonds is the dominant drag in 7 of 10. Short interest is the other common stamp. No clean sector dump — this is factor-level, not macro.

Trimble Inc. ($TRMB) and Realty Income Corporation ($O) lead the short book at -12.2% and -11.7%. $TRMB: earnings yield vs bonds and short interest drag, illiquidity is the only push up. $O: short interest and illiquidity hit hardest, earnings yield also negative. Both univ 0%. Dow Inc. ($DOW) and Pfizer Inc. ($PFE) are next: -11.4%, -10.6%, conf 84/86. $DOW: earnings yield vs bonds and short interest, plus fwd/trail P/E drag. $PFE: earnings yield and illiquidity, with 60d vol also hurting. Healthcare and Materials aren't crowded — this is stock-specific. Bio-Techne Corporation ($TECH) and Live Nation Entertainment, Inc. ($LYV) both print -10.5%. $TECH: earnings yield and short interest, illiquidity drag. $LYV: earnings yield, short interest, 60d vol. Univ 1%, sec 3%/5% — no shared sector read. Molson Coors Beverage Company ($TAP) and Jacobs Solutions Inc. ($J) at -10.3%/-10.0%. $TAP: short interest biggest negative, earnings yield bad, illiquidity up. $J: earnings yield and short inte

Trimble Inc. ($TRMB) and Realty Income Corporation ($O) lead the short book at -12.2% and -11.7%. $TRMB: earnings yield vs bonds and short interest drag, illiquidity is the only push up. $O: short int