Bermudian Software ROE over 20

Super Group (SGHC)

Market Cap: US$7.1b

Operates as an online sports betting and gaming operator.

Lantheus Holdings

Market Cap: US$7.1b

Develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in diagnosis and treatment of heart, cancer, and other diseases worldwide.

Liquidia

Market Cap: US$7.1b

A biopharmaceutical company, develops, manufactures, and commercializes various products for rare cardiopulmonary diseases in the United States.

PACS Group

Market Cap: US$7.0b

Through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States.

OneMain Holdings

Market Cap: US$7.0b

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

Acushnet Holdings

Market Cap: US$6.9b

Designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Asia, Africa, Japan, Korea, and internationally.

Credit Acceptance

Market Cap: US$6.9b

Engages in the provision of financing programs, and related products and services in the United States.

Archrock

Market Cap: US$6.8b

Operates as an energy infrastructure company in the United States.

Pilgrim's Pride

Market Cap: US$6.8b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Eagle Materials

Market Cap: US$6.8b

Through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States.

Gap

Market Cap: US$6.8b

Operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally.

Armstrong World Industries

Market Cap: US$6.7b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

MSA Safety

Market Cap: US$6.6b

Develops, manufactures, and supplies safety products and technology solutions that protect workers and facility infrastructures worldwide.

PJT Partners

Market Cap: US$6.4b

An investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide.

Chemed

Market Cap: US$6.4b

Provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.

Copa Holdings

Market Cap: US$6.3b

Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.

Wyndham Hotels & Resorts

Market Cap: US$6.3b

Wyndham Hotels & Resorts, Inc. is the world's largest hotel franchising company by the number of franchised properties, with approximately 8,300 hotels across approximately 100 countries on six continents.

Churchill Downs

Market Cap: US$6.2b

Operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.

Victoria's Secret

Market Cap: US$6.2b

Operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

AutoNation

Market Cap: US$6.2b

Through its subsidiaries, operates as an automotive retailer in the United States.

Morningstar

Market Cap: US$6.2b

Provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.

Elastic

Market Cap: US$6.1b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Enova International

Market Cap: US$6.0b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

Mercury General

Market Cap: US$6.0b

Engages in writing personal automobile insurance in the United States.

Installed Building Products

Market Cap: US$6.0b

Engages in the installation of insulation for residential and commercial builders in the United States.

Paylocity Holding

Market Cap: US$6.0b

Provides cloud-based human capital management, payroll software, and spend management solutions for the workforce in the United States.

Iridium Communications

Market Cap: US$5.9b

Provides mobile voice and data communications services and products to businesses, the United States and foreign governments, non-governmental organizations, and consumers in the United States, Canada, and internationally.

AppFolio

Market Cap: US$5.8b

Provides cloud-based platform for the real estate industry in the United States.

OUTFRONT Media

Market Cap: US$5.8b

OUTFRONT Media Inc. is one of the largest and most trusted out-of-home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most.

Weatherford International

Market Cap: US$5.8b

An energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide.

Duolingo

Market Cap: US$5.6b

Operates as a mobile learning platform in the United States, the United Kingdom, and internationally.

RLI

Market Cap: US$5.6b

An insurance holding company, provides property, casualty, and surety insurance products.

Moelis

Market Cap: US$5.4b

Operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia.

Laureate Education

Market Cap: US$5.2b

Offers higher education programs and services to students through a portfolio of higher education institutions in Mexico, Peru, and the United States.

Pegasystems

Market Cap: US$5.2b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Alliance Laundry Holdings

Market Cap: US$5.2b

Designs, manufactures, and sells commercial laundry systems in the United States, the Czech Republic, Thailand, and internationally.