Global High Return On Equity, Low Debt

Microsoft

Market Cap: US$2.9t

Develops and supports software, services, devices and solutions worldwide.

Alphabet

Market Cap: US$2.0t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Meta Platforms

Market Cap: US$1.5t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Procter & Gamble

Market Cap: US$393.9b

Engages in the provision of branded consumer packaged goods worldwide.

Netflix

Market Cap: US$392.7b

Provides entertainment services.

Kweichow Moutai

Market Cap: CN¥2.0t

Produces and sells liquor products in China and internationally.

ASML Holding

Market Cap: €257.9b

Provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.

Merck

Market Cap: US$238.9b

Operates as a healthcare company worldwide.

General Electric

Market Cap: US$211.6b

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems.

QUALCOMM

Market Cap: US$173.1b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

PDD Holdings

Market Cap: US$170.2b

A multinational commerce group, owns and operates a portfolio of businesses.

Progressive

Market Cap: US$166.3b

Operates as an insurance company in the United States.

Uber Technologies

Market Cap: US$149.5b

Develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Tata Consultancy Services

Market Cap: ₹12.7t

Provides information technology (IT) and IT enabled services in the Americas, Europe, India, and internationally.

Applied Materials

Market Cap: US$126.5b

Engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.

NIKE

Market Cap: US$106.0b

Engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, accessories, and services worldwide.

Lam Research

Market Cap: US$101.0b

Designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.

Ferrari

Market Cap: €73.5b

Through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide.

Trane Technologies

Market Cap: US$78.0b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Cintas

Market Cap: US$77.8b

Engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America.

Southern Copper

Market Cap: US$76.5b

Engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.

Airbnb

Market Cap: US$76.3b

Operates a platform that enables hosts to offer stays and experiences to guests worldwide.

Infosys

Market Cap: ₹6.5t

Provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally.

Chipotle Mexican Grill

Market Cap: US$67.8b

Owns and operates Chipotle Mexican Grill restaurants.

Nongfu Spring

Market Cap: HK$427.9b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

Autodesk

Market Cap: US$54.2b

Provides 3D design, engineering, and entertainment technology solutions worldwide.

Paychex

Market Cap: US$52.4b

Provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India.

Cummins

Market Cap: US$44.2b

Offers various power solutions worldwide.

Fastenal

Market Cap: US$43.2b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

Bayan Resources

Market Cap: Rp674.2t

Engages in the coal mining and sale in Indonesia.

Ross Stores

Market Cap: US$41.0b

Operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States.

Partners Group Holding

Market Cap: CHF 34.1b

A private equity firm specializing in direct, secondary, and primary investments across private equity, private real estate, private infrastructure, and private debt.

Lululemon Athletica

Market Cap: US$37.8b

Designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥271.9b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Texas Pacific Land

Market Cap: US$30.4b

Engages in the land and resource management, and water services and operations businesses.

KONE Oyj

Market Cap: €27.7b

Engages in the elevator and escalator business worldwide.