Russian Software ROE over 20

Churchill Downs

Market Cap: US$6.3b

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

PJT Partners

Market Cap: US$6.3b

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.

SOLV Energy

Market Cap: US$6.2b

Provides infrastructure services to the power industry in the Unites Sates.

Sealed Air

Market Cap: US$6.2b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Copa Holdings

Market Cap: US$6.1b

Through its subsidiaries, provides airline passenger and cargo transport services.

AppFolio

Market Cap: US$6.1b

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

Wyndham Hotels & Resorts

Market Cap: US$6.1b

Operates as a hotel franchisor in the United States and internationally.

Virtu Financial

Market Cap: US$6.0b

Operates as a financial services company in the United States, Ireland, and internationally.

Paylocity Holding

Market Cap: US$5.9b

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

Acushnet Holdings

Market Cap: US$5.9b

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

Vontier

Market Cap: US$5.8b

Provides mobility ecosystem solutions worldwide.

Brookfield Infrastructure

Market Cap: US$5.8b

Owns and operates utility investments in Brazil, the United Kingdom, and internationally.

Argan

Market Cap: US$5.7b

Through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.

NewMarket

Market Cap: US$5.7b

Through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives.

RLI

Market Cap: US$5.6b

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

WEX

Market Cap: US$5.5b

Operates a commerce platform in the United States and internationally.

Credit Acceptance

Market Cap: US$5.4b

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

Atour Lifestyle Holdings

Market Cap: US$5.4b

Through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China.

Piper Sandler Companies

Market Cap: US$5.4b

Operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally.

Brink's

Market Cap: US$5.4b

Provides cash and valuables management, digital retail solutions, and automated teller machines (ATM) managed services in North America, Latin America, Europe, and internationally.

KBR

Market Cap: US$5.4b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

Mercury General

Market Cap: US$5.3b

Engages in writing personal automobile insurance in the United States.

Everus Construction Group

Market Cap: US$5.2b

Provides contracting services in the United States.

Duolingo

Market Cap: US$5.2b

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

Valvoline

Market Cap: US$5.0b

Provides automotive preventive maintenance through its retail stores in the United States and Canada.

Lazard

Market Cap: US$4.9b

Operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Victoria's Secret

Market Cap: US$4.8b

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

SLM

Market Cap: US$4.8b

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.

ExlService Holdings

Market Cap: US$4.7b

Operates as a data analytics, and digital operations and solutions company in the United States and internationally.

Super Group (SGHC)

Market Cap: US$4.7b

Operates as an online sports betting and gaming operator.

Moelis

Market Cap: US$4.7b

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

Doximity

Market Cap: US$4.7b

Operates as a digital platform for medical professionals in the United States.

TransMedics Group

Market Cap: US$4.6b

A commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients in the United States and internationally.

Grand Canyon Education

Market Cap: US$4.5b

Operates as an education services company in the United States.

Abercrombie & Fitch

Market Cap: US$4.4b

Through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Griffon

Market Cap: US$4.2b

Through its subsidiaries, provides home and building, and consumer and professional products in the United States, Europe, Canada, Australia, and internationally.