Global Leverage Leaders

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Oil Company Bashneft

Market Cap: ₽176.8b

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Phison Electronics

Market Cap: NT$393.3b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Autohome

Market Cap: US$2.3b

Operates as an online destination for automobile consumers in the People’s Republic of China.

ACADIA Pharmaceuticals

Market Cap: US$3.8b

A biopharmaceutical company, focuses on the development and commercialization of medicines for neurological and rare disease in North America.

Dorman Products

Market Cap: US$3.2b

Supplies replacement and upgrade parts for the motor vehicle aftermarket industry in the United States and internationally.

RIT Capital Partners

Market Cap: UK£3.0b

A self-managed investment trust.

Luckin Coffee

Market Cap: US$11.4b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

Plexus

Market Cap: US$5.2b

Provides electronic manufacturing services in the United States, the Asia-Pacific, Europe, the Middle East, and Africa.

MTU Aero Engines

Market Cap: €18.8b

Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Sampo Oyj

Market Cap: €24.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Delta

Market Cap: US$35.5b

Manufactures and distributes cold beverages in Zimbabwe. The company operates through Lager Beer, Sparkling Beverages, Sorghum Beer, and Wines and Spirits segments.

Remitly Global

Market Cap: US$3.6b

A cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.

United States Lime & Minerals

Market Cap: US$3.4b

Manufactures and supplies lime and limestone products in the United States.

Yara International

Market Cap: NOK 130.9b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

Stevanato Group

Market Cap: US$4.1b

Engages in the design, production, and distribution of products and processes to provide solutions for biopharma and healthcare industries in Europe, the Middle East, Africa, North America, South America, and the Asia Pacific.

Gap

Market Cap: US$8.6b

Operates as an apparel retail company.

Egypt Aluminum

Market Cap: ج.م121.7b

Produces, manufactures, markets, and distributes aluminum products.

Boston Beer Company

Market Cap: US$2.4b

Produces and sells alcohol beverages primarily in the United States.

JOYY

Market Cap: US$3.0b

Engages in the provision of social product matrix and communication technology.

Bilfinger

Market Cap: €4.0b

Provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East.

Wärtsilä Oyj Abp

Market Cap: €19.7b

Offers technologies and lifecycle solutions for the marine and energy markets worldwide.

CorVel

Market Cap: US$2.6b

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

Braze

Market Cap: US$2.1b

Operates a customer engagement platform that provides interactions between consumers and brands worldwide.

United Bankshares

Market Cap: US$5.6b

Through its subsidiaries, provides commercial and retail banking products and services in the United States.

Dianthus Therapeutics

Market Cap: US$3.9b

A clinical-stage biotechnology company, engages in the development of therapies for patients with severe autoimmune diseases.

Ambarella

Market Cap: US$2.3b

Develops semiconductor solutions that enable artificial intelligence (AI) processing, advanced image signal processing, and high-definition (HD) and ultra-HD compression.

Rathbones Group

Market Cap: UK£2.1b

Provides wealth management, asset management, and related services in the United Kingdom and Channel Islands.

East West Bancorp

Market Cap: US$14.8b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Guardian Pharmacy Services

Market Cap: US$2.1b

A pharmacy service company, provides a suite of technology-enabled services to help residents of long-term health care facilities (LTCFs) in the United States.

CCL Industries

Market Cap: CA$14.9b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

TowneBank

Market Cap: US$3.1b

Provides retail and commercial banking services for individuals, commercial enterprises, and professionals in the United States.

Erie Indemnity

Market Cap: US$12.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Straumann Holding

Market Cap: CHF 13.4b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Trigano

Market Cap: €3.0b

Designs, manufactures, and distributes leisure vehicles for individuals and professionals in France, Germany, the United Kingdom, Benelux, Italy, Spain, Northern Europe, and internationally.