DataLend presents its top 10 earnings equities for April 27, 2015. This list is built on DataLend¹s universe of more than 42,000 securities on loan.
Methodology: We scan our universe of more than 42,000 securities on loan to find those securities with the most expensive financing positions in the U.S., U.K., Europe and Asia. Financing costs are determined by taking the total on-loan value of a security and multiplying it by the volume-weighted average fees to borrow that security, then converting the product of those numbers to a dollar value. We then sort the most expensive securities to finance in the securities lending market in descending order.
The top 10 is based on total borrow cost within the market, which = contract value * fee. Utilization is a component of that as the higher the utilization, the more loans are out, the higher the contract value, etc. It is ordered by the top revenue earners, i.e. those with the highest total borrow cost (contract value * fee), not necessarily the most expensive to borrow. Utilization = total out on loan / total inventory. Fees to borrow, along with a variety of other data elements, are available to DataLend clients on the DataLend platform.
US |
Utilization |
| 1 TRANSOCEAN | 91.54% |
| 2 GAMESTOP CL A | 89.98% |
| 3 3D SYSTEMS | 97.48% |
| 4 GREENBRIER | 95.07% |
| 5 NEUSTAR CL A | 88.41% |
| 6 MANNKIND | 92.14% |
| 7 NOW | 94.96% |
| 8 FRESHPET | 90.47% |
| 9 CARBO CERAMICS | 93.26% |
| 10 ULTRA PETROLEUM | 80.18% |
UK |
Utilization |
| 1 TALKTALK TELECOM GROUP | 83.88% |
| 2 BP | 3.91% |
| 3 ASHMORE GROUP | 84.70% |
| 4 LONMIN | 88.61% |
| 5 ASOS | 57.64% |
| 6 JSC VTB BANK GDR | 27.21% |
| 7 QUINDELL | 59.23% |
| 8 GTECH | 94.69% |
| 9 STANDARD CHARTERED | 12.48% |
| 10 SAINSBURYJ | 66.81% |
Europe |
Utilization |
| 1 TRANSOCEAN (CH) | 89.44% |
| 2 GEMALTO (NL) | 85.83% |
| 3 TALKTALK TELECOM GROUP (GB) | 88.61% |
| 4 AIR FRANCE-KLM (FR) | 96.96% |
| 5 WOLTERS KLUWER C (NL) | 34.71% |
| 6 SUEDZUCKER MANNHEIM OCHSENFURT (DE) | 94.45% |
| 7 GEMALTO (FR) | 77.72% |
| 8 BANCA MONTE DEI PASCHI DI SIENA (IT) | 75.83% |
| 9 TGS NOPEC GEOPHYSICAL (NO) | 86.58% |
| 10 MEYER BURGER TECHNOLOGY (CH) | 97.99% |
Far East/Australia Pacific |
Utilization |
| 1 HANERGY TFP (HK) | 77.31% |
| 2 CELLTRION (KR) | 69.99% |
| 3 EVERGRANDE (HK) | 75.24% |
| 4 CSR H (HK) | 78.19% |
| 5 FORTESCUE METALS GROUP (AU) | 82.49% |
| 6 DAUM KAKAO (KR) | 70.53% |
| 7 SANRIO (JP) | 83.72% |
| 8 ALI PICTURES (HK) | 68.87% |
| 9 SHARP (JP) | 79.55% |
| 10 KINGSOFT (HK) | 80.18% |
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