The Beneficial Owner Data Dashboard Q2 2026

Q2 2026 saw beneficial owner securities lending revenues rise strongly as market conditions supported renewed demand across equities and fixed income. A rebound in risk assets, continued investor focus on AI, technology, semiconductors and China-linked growth themes, and shifting rate expectations all helped drive activity.

Total beneficial owner revenues reached $4.09B, up 40% year over year, with equities generating $2.92B and Asian equities delivering the strongest growth at 105%. Demand was concentrated across software, technology hardware, capital goods, consumer and battery-related names, reflecting both momentum positioning and increased hedging activity.

Fixed income also remained an important contributor, with bond lending revenues reaching $1.17B as macro uncertainty, changing interest rate expectations and demand for high-quality collateral continued to support activity across government and corporate bonds. Overall, the quarter highlighted broad-based revenue opportunities across regions and asset classes, reinforcing the importance of actively monitoring securities lending markets in a dynamic investment environment.

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.