U.S. Diversified Financials Potentially Undervalued Companies

GAMCO Investors

Market Cap: US$557.9m

A publicly owned holding investment manager.

Schweizerische Nationalbank

Market Cap: US$329.0m

An independent central bank, provides banking services to the Swiss Confederation.

Flow Traders

Market Cap: US$1.1b

Operates as a financial technology-enabled multi-asset class liquidity provider in Europe, the Americas, and Asia.

Man Group

Market Cap: US$1.8b

Man Group Limited is a publicly owned investment manager.

Eurazeo

Market Cap: US$3.7b

A private equity and venture capital firm specializing in growth capital, series C, acquisitions, leveraged buyouts, and buy-ins of a private company, and investments in upper mid-market, mid-market and listed public companies, small- and mid-cap healthcare companies, equity in the small-mid and mid-large buyout segments.

Berkshire Hathaway

Market Cap: US$1.1t

Through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide.

Magellan Financial Group

Market Cap: US$1.7b

A publicly owned investment manager.

Insignia Financial

Market Cap: US$1.6b

Provides financial advice, platforms, and asset management services in Australia.

Investcorp Europe Acquisition Corp I

Market Cap: US$200.1m

Does not have significant operations.

Fideicomiso Irrevocable F/2061 FHipo

Market Cap: US$2.0b

A real estate investment trust, engages in acquiring, originating, co-participating, and managing mortgage portfolios in Mexico.

Reinet Investments S.C.A

Market Cap: US$4.1b

Operates as a securitization vehicle in Luxembourg.

BFI Finance Indonesia

Market Cap: US$12.2t

Provides investment, working capital, multipurpose, sharia, and other financing services primarily in Indonesia.

Hi Sun Technology (China)

Market Cap: US$1.5b

An investment holding company, provides payment and digital services, fintech services, and platform operation and financial solutions in Hong Kong, Mainland China, and internationally.

CoinShares International

Market Cap: US$6.5b

Engages in the creating financial products with digital assets and blockchain technology business in Jersey.

State Street

Market Cap: US$32.7b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Ryvyl

Market Cap: US$9.8m

A financial technology company, develops software platforms and tools that focuses on providing payment acceptance and disbursement capabilities in North America, Europe, and Asia.

Central Securities

Market Cap: US$1.4b

Central Securities Corp. is a publicly owned investment manager.

Impax Asset Management Group

Market Cap: US$233.2m

A publicly owned investment manager.

General American Investors Company

Market Cap: US$1.4b

A publicly owned investment manager.

Euronet Worldwide

Market Cap: US$3.9b

Provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide.

X Financial

Market Cap: US$626.0m

Operates as an online personal finance company in the People's Republic of China.

Voya Financial

Market Cap: US$7.2b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

Galaxy Digital

Market Cap: US$9.3b

Engages in the digital asset and blockchain businesses.

Grenke

Market Cap: US$637.0m

Provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally.

SPARX Group

Market Cap: US$56.9b

A publicly owned asset management holding company.

Worldline

Market Cap: US$820.4m

Provides payments and transactional services for financial institutions, merchants, corporations, and government agencies in Northern Europe, Central and Eastern Europe, Southern Europe, and internationally.

Phoenix Vega Mezz

Market Cap: US$84.0m

Phoenix Vega Mezz Plc holds and manages mezzanine and junior notes of Phoenix and Vega portfolios.

Investcorp Europe Acquisition Corp I

Market Cap: US$36.0m

Does not have significant operations.

Deutsche Bank

Market Cap: US$57.6b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Oportun Financial

Market Cap: US$291.3m

Provides financial services in the United States.

Julius Bär Gruppe

Market Cap: US$11.8b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

Raymond James Financial

Market Cap: US$33.6b

A diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe.

Winmill

Market Cap: US$5.5m

Through its subsidiaries, provides investment management and distribution services for the mutual funds in the Midas Funds family.

Heritage Global

Market Cap: US$67.1m

Operates as an asset services company with focus on financial and industrial asset transactions in the United States.

Adams Diversified Equity Fund

Market Cap: US$2.6b

A publicly owned investment manager.

SLM

Market Cap: US$6.5b

Through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.