Australian Retail & Consumer Sector "Jun-26 Investor Positioning in the..."

Research evidence excerpt

Australian Retail & Consumer Sector "Jun-26 Investor Positioning in the..."

Global Research

2 July 2026ab

Australian Retail & Consumer Sector Equities

AustraliaJun-26 Investor Positioning in the Australian

Retail & Consumer Sector Retail

Shaun Cousins

Analyst

shaun.cousins@ubs.com

Australian Retail & Consumer Sector Crowding Monitor +61-2-9324 3844

The UBS Australia Retail & Consumer Sector Crowding Monitor utilises data from the James Meares

UBS Quantitative Research team, highlighting net long and short crowded investor Analyst

positions across our coverage. The absolute level and change possess insight into james.meares@ubs.com

directional positioning and flows. A positive value indicates net crowded long positions +61-29-324 3575

while a negative value indicates net crowded short positions. The UBS Quantitative Zack Pontey

Research team has created the composite crowding factor based on a proprietary Associate Analyst

combination of multiple data sets. It provides a good overall lens for positioning zack.pontey@ubs.com

information, albeit is a directional measure, hence scores around 0 do not exhibit clear +61-2-9324 2475

long or short crowding. Please contact the UBS Quantitative Research team for more Stephanie La

information. Associate Analyst

stephanie.la@ubs.com

Crowded Longs and Shorts +61-2-9324 2655

JBH is the most long crowded with EDV, GYG, DMP, TWE, SUL & SIG the most short

crowded. Jun-26 saw an upward trend m/m in crowding scores (25% of our coverage

having a downwards m/m movement vs 75% having an upwards m/m movement).

Notable changes in positioning

TWE experienced the largest monthly reduction in short crowding, likely attributable to

the new 5-year transformation plan which TWE outlined at its Investor Day, with key