U.S. Undervalued based on future growth

Strategy

Market Cap: US$95.7b

Operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally.

Ford Motor

Market Cap: US$46.2b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Nucor

Market Cap: US$32.8b

Engages in the manufacture and sale of steel and steel products.

Citizens Financial Group

Market Cap: US$22.1b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

First Solar

Market Cap: US$22.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Steel Dynamics

Market Cap: US$20.1b

Operates as a steel producer and metal recycler in the United States.

Aptiv

Market Cap: US$18.1b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

Kaspi.kz

Market Cap: US$16.2b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Fidelity National Financial

Market Cap: US$15.9b

Provides various insurance products in the United States.

Centene

Market Cap: US$15.6b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Annaly Capital Management

Market Cap: US$14.0b

A diversified capital manager, engages in the mortgage finance business.

Everest Group

Market Cap: US$13.9b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Owens Corning

Market Cap: US$12.5b

Provides residential and commercial building products in the United States, Europe, the Asia Pacific, and internationally.

CNA Financial

Market Cap: US$12.5b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Reinsurance Group of America

Market Cap: US$12.4b

Provides reinsurance and financial solutions.

Norwegian Cruise Line Holdings

Market Cap: US$11.6b

Operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.

Stifel Financial

Market Cap: US$11.5b

Operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally.

Ovintiv

Market Cap: US$10.9b

Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.

AGNC Investment

Market Cap: US$10.6b

Provides private capital to housing market in the United States.

SouthState Bank

Market Cap: US$10.1b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Western Alliance Bancorporation

Market Cap: US$9.5b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

AES

Market Cap: US$9.0b

Operates as a power generation and utility company in the United States and internationally.

UMB Financial

Market Cap: US$9.0b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

APA

Market Cap: US$8.8b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Old National Bancorp

Market Cap: US$8.5b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Hess Midstream

Market Cap: US$8.3b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

American Airlines Group

Market Cap: US$8.2b

Through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific.

National Fuel Gas

Market Cap: US$7.8b

Operates as a diversified energy company.

Shift4 Payments

Market Cap: US$7.6b

Engages in the provision of software and payment processing solutions in the United States and internationally.

Lincoln National

Market Cap: US$7.5b

Through its subsidiaries, operates multiple insurance and retirement businesses in the United States.

Kyndryl Holdings

Market Cap: US$7.3b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Pinnacle Financial Partners

Market Cap: US$7.3b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Voya Financial

Market Cap: US$7.3b

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

OneMain Holdings

Market Cap: US$7.2b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Alaska Air Group

Market Cap: US$6.6b

Through its subsidiaries, operates airlines.

PennyMac Financial Services

Market Cap: US$6.4b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.