U.S. Undervalued Solid Performers

SouthState Bank

Market Cap: US$9.2b

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.

ICON

Market Cap: US$8.7b

A clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally.

Manhattan Associates

Market Cap: US$8.1b

Develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations.

Sprouts Farmers Market

Market Cap: US$7.3b

Engages in the retailing of fresh, natural, and organic food products in the United States.

Paycom Software

Market Cap: US$6.6b

Provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States.

Magnolia Oil & Gas

Market Cap: US$5.9b

An independent oil and natural gas company, engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States.

Urban Outfitters

Market Cap: US$5.5b

Offers lifestyle products and services in the United States and internationally.

Home BancShares

Market Cap: US$5.3b

Operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities in the United States.

Hamilton Lane

Market Cap: US$5.3b

A private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies.

Compass

Market Cap: US$5.2b

Provides an end-to-end technology platform for residential real estate in the United States.

Bank OZK

Market Cap: US$5.1b

Operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services.

Mercury General

Market Cap: US$4.9b

Engages in writing personal automobile insurance in the United States.

ExlService Holdings

Market Cap: US$4.8b

Operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally.

Graham Holdings

Market Cap: US$4.6b

Through its subsidiaries, operates as a diversified holding company in the United States and internationally.

International Bancshares

Market Cap: US$4.2b

A multibank financial holding company, engages in the provision of commercial and retail banking services in Texas and the State of Oklahoma.

Zeta Global Holdings

Market Cap: US$3.9b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

GitLab

Market Cap: US$3.8b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Brady

Market Cap: US$3.8b

Manufactures and supplies identification solutions and workplace safety products that identify and protect premises, products, and people in the Americas, Asia, Europe, and Australia.

DLocal

Market Cap: US$3.8b

Provides payment processing services worldwide.

BancFirst

Market Cap: US$3.7b

Operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses in the United States.

Assured Guaranty

Market Cap: US$3.6b

Provides credit protection products to public finance and structured finance markets in the United States and internationally.

Nicolet Bankshares

Market Cap: US$3.2b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

CarGurus

Market Cap: US$3.2b

Operates an online automotive platform for buying and selling vehicles in the United States and internationally.

Qualys

Market Cap: US$3.2b

Provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.

DHT Holdings

Market Cap: US$3.0b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Interparfums

Market Cap: US$2.9b

Manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally.

PagSeguro Digital

Market Cap: US$2.9b

Engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally.

NMI Holdings

Market Cap: US$2.9b

Provides private mortgage guaranty insurance services in the United States.

Seadrill

Market Cap: US$2.8b

Provides offshore drilling services to the oil and gas industry worldwide.

Green Brick Partners

Market Cap: US$2.8b

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida.

CorVel

Market Cap: US$2.8b

Provides workers’ compensation, general and auto liability, and hospital bill auditing and payment integrity solutions.

Titan America

Market Cap: US$2.8b

Through its subsidiaries, manufactures and supplies heavy building materials and services in the United States.

DRDGOLD

Market Cap: US$2.7b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

SiriusPoint

Market Cap: US$2.6b

Provides multi-line reinsurance and insurance products and services worldwide.

Zai Lab

Market Cap: US$2.3b

A biopharmaceutical company, focuses on discovering, developing, and commercializing products that address medical conditions in the areas of oncology, immunology, neuroscience, and infectious diseases.

National Energy Services Reunited

Market Cap: US$2.3b

Provides oilfield services in the Middle East and North Africa.