Latvian Software ROE over 20

Blue Bird

Market Cap: US$1.7b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Arcos Dorados Holdings

Market Cap: US$1.7b

Operates as a franchisee of McDonald’s restaurants.

Organon

Market Cap: US$1.7b

Develops and delivers women health solutions through prescription therapies and medical devices in the United States, Europe, Canada, Japan, rest of the Asia Pacific, China, Latin America, the Middle East, Russia, Africa, and internationally.

Innoviva

Market Cap: US$1.7b

Operates as a biopharmaceutical company in the United States and internationally.

GigaCloud Technology

Market Cap: US$1.6b

Provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally.

AGI

Market Cap: US$1.6b

Provides technology-based specialized financial services in Brazil.

Napco Security Technologies

Market Cap: US$1.5b

Engages in the development, manufacturing, and sale of electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally.

Yelp

Market Cap: US$1.5b

Operates a platform that connects consumers with local businesses in the United States and internationally.

Innodata

Market Cap: US$1.5b

Operates as a data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally.

Karooooo

Market Cap: US$1.5b

Provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

American Superconductor

Market Cap: US$1.5b

Provides megawatt-scale power resiliency solutions worldwide.

Sally Beauty Holdings

Market Cap: US$1.4b

Operates as a specialty retailer and distributor of professional beauty supplies.

Encore Capital Group

Market Cap: US$1.4b

A specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide.

Leggett & Platt

Market Cap: US$1.4b

Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.

Exzeo Group

Market Cap: US$1.4b

Provides turnkey insurance technology and operations solutions to insurance carriers and agents.

Global Ship Lease

Market Cap: US$1.4b

Engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide.

Wolverine World Wide

Market Cap: US$1.3b

Designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America.

Bitgo Holdings

Market Cap: US$1.3b

Operates as a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform.

IRADIMED

Market Cap: US$1.3b

Develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible intravenous infusion pump system and MRI compatible patient vital signs monitoring systems and related accessories, and disposables and services in the United States and internationally.

Alexander's

Market Cap: US$1.3b

Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties.

IDT

Market Cap: US$1.2b

Provides communications and payment services in the United States, the United Kingdom, and internationally.

Global Industrial

Market Cap: US$1.2b

Through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada.

LuxExperience B.V

Market Cap: US$1.2b

Through its subsidiary, operates digital platform for the luxury fashion in Germany, the United States, Europe, Middle East, Japan, mainland China, Hong Kong SAR, China, and internationally.

CBL & Associates Properties

Market Cap: US$1.2b

Owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

Nabors Industries

Market Cap: US$1.2b

Provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally.

Jefferson Capital

Market Cap: US$1.1b

Provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America.

Collegium Pharmaceutical

Market Cap: US$1.1b

A specialty pharmaceutical company, engages in the development and commercialization of medicines for pain management.

CRA International

Market Cap: US$1.1b

Provides economic, financial, and management consulting services worldwide.

Diversified Energy

Market Cap: US$1.0b

An independent energy company, engages in the production, transportation and marketing of natural gas, oil, and liquids primarily in the Appalachian and Central regions of the United States.

Phoenix Education Partners

Market Cap: US$1.0b

Through its subsidiary, The University of Phoenix, Inc., provides online higher education for working adults in the United States.

Ituran Location and Control

Market Cap: US$994.0m

Provides location-based telematics services and machine-to-machine telematics products in Israel, Brazil, and internationally.

Universal Insurance Holdings

Market Cap: US$949.2m

Operates as an integrated insurance holding company in the United States.

Yuanbao

Market Cap: US$910.1m

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Cricut

Market Cap: US$857.7m

Engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, Western Europe, the Middle East, Latin America, South Africa, and Asia.

CytomX Therapeutics

Market Cap: US$826.8m

Operates as an oncology-focused biopharmaceutical company that focuses on developing novel conditionally activated biologics localized to the tumor microenvironment.

QDM International

Market Cap: US$792.0m

Operates as an insurance brokerage company primarily in Hong Kong.