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.

Penumbra

Market Cap: US$12.9b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Guardian Pharmacy Services

Market Cap: US$2.4b

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.

Innovex International

Market Cap: US$2.1b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

BUA Foods

Market Cap: ₦17.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Dianthus Therapeutics

Market Cap: US$4.9b

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

Korn Ferry

Market Cap: US$3.5b

Engages in the provision of organizational consulting services worldwide.

Abercrombie & Fitch

Market Cap: US$3.4b

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

F5

Market Cap: US$21.6b

Provides multicloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region.

Bure Equity

Market Cap: SEK 22.2b

A private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds.

CorVel

Market Cap: US$3.1b

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

Delta

Market Cap: US$40.6b

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

SSAB

Market Cap: SEK 90.4b

Engages in the production and sale of steel products in Sweden, Finland, Germany, Poland, Denmark, Asia, the Rest of Europe, the United States, and internationally.

Grand Canyon Education

Market Cap: US$4.1b

Operates as an education services company in the United States.

ServiceTitan

Market Cap: US$5.8b

Provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft2.4t

Operates as an integrated oil and gas company in Hungary and internationally.

Sampo Oyj

Market Cap: €24.5b

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.

Braze

Market Cap: US$2.7b

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

AutoStore Holdings

Market Cap: NOK 44.0b

Provides robotic and software technology in Norway, Germany, rest of Europe, the United States, Asia, and internationally.

JOYY

Market Cap: US$2.8b

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

Türkiye Sigorta

Market Cap: ₺130.7b

Operates as a non-life insurance company in Turkey.

NetScout Systems

Market Cap: US$2.8b

Provides carrier service assurance, cybersecurity, and Distributed Denial-of-Service (DDoS) solutions to protect digital business services against disruptions.

United States Lime & Minerals

Market Cap: US$3.0b

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

CCL Industries

Market Cap: CA$15.4b

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

Oshkosh

Market Cap: US$7.9b

Provides purpose-built vehicles and equipment worldwide.

Russel Metals

Market Cap: CA$3.2b

Engages in the distribution of steel and other metal products in Canada and the United States.

ENAV

Market Cap: €2.8b

Provides air traffic control and management, and other air navigation services in Italy, the rest of Europe, and internationally.

Wärtsilä Oyj Abp

Market Cap: €20.9b

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

Expeditors International of Washington

Market Cap: US$20.6b

Provides logistics services in the Americas, North Asia, South Asia, Europe, and Middle East, Africa, and India.

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.

Remitly Global

Market Cap: US$4.5b

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

DPM Metals

Market Cap: CA$10.1b

A gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals.

Garmin

Market Cap: US$46.2b

Designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.

Tenaris

Market Cap: €26.7b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.