UBS Warburg is a runaway winner for the top slot in the final results of Thomson Financial's RMBS 2002 second quarter league tables.
UBS continued its winning streak from the first quarter, according to Thomson's RMBS manager activity rankings for both agency and non-agency MBS. It sold $24.77 billion, allowing it to grab a market share of 17.5%.
Credit Suisse First Boston is a not-quite-so-close second with $18.31 billion in proceeds and a 13% market share. Bear Stearns & Co., Inc., who was No. 5 last quarter, jumped to third place with $17.54 billion sold (12.4% market share).
Lehman Brothers, who maintained its fourth place status from 1Q, sold $16.57 billion (11.7% market share). Goldman Sachs & Co. fell to the fifth seat in the current tables from being third in last quarter's results. It sold only $13.79 billion, compared to last quarter's showing of $20.49 billion. Its market share also dropped to 9.8% in the 2Q tables from 12.3% last quarter.
Salomon Smith Barney is in sixth place with $10.45 billion in proceeds (7.4% market share). Banc of America Securities LLC is in the No.7 spot, moving up two notches from last quarter, with $98.78 billion (7% market share).
JPMorgan went up by two counts to No.8 this quarter. It had $91.84 billion in proceeds with a 6.5% market share.
Royal Bank of Scotland Group dropped to ninth place from seventh place in 1Q. RBS sold $6.68 billion in the second quarter, garnering a 4.7% market share. Meanwhile, Merrill Lynch and Co. also went back two steps to No. 10 in the 2Q. It has $6.03 billion in proceeds and a 4.3% market share.
The same players that topped the second quarter also led in the year-to-date totals. UBS sold $52.39 billion and garnered a 17% market share. CSFB - in second place - had $41.72 billion in proceeds (13.5% market share), while Bear Stearns - in third place - had $37.53 billion (12.2% market share).
Industry totals went down in the second quarter to $141.31 billion from $166.81 billion in 1Q.