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.

Gambol Pet Group

Market Cap: CN¥22.1b

Engages in the research, development, production, and sale of pet food products in China, Japan, South Korea, Europe, the Americas, and internationally.

East West Bancorp

Market Cap: US$16.8b

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.

Opple LightingLTD

Market Cap: CN¥14.6b

Engages in the research and development, production, and sale of smart lighting products in China and internationally.

CCL Industries

Market Cap: CA$15.1b

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

Ligeance Aerospace TechnologyLtd

Market Cap: CN¥14.0b

Manufactures and sells aviation products in China and internationally.

QuantumCTek

Market Cap: CN¥56.6b

Engages in the research, development, production, and sale of quantum communication, computing, and measurement products in China.

Shenzhen iN-Cube Automation

Market Cap: CN¥13.8b

Engages in the research and development, manufacture, and sale of industrial automation equipment, automation equipment accessories and related technical services in China and internationally.

RIT Capital Partners

Market Cap: UK£3.0b

A self-managed investment trust.

Stevanato Group

Market Cap: US$4.4b

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.

Dover

Market Cap: US$30.3b

Provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.

Procore Technologies

Market Cap: US$8.3b

Provides a cloud-based construction management platform and related products and services in the United States and internationally.

CorVel

Market Cap: US$2.9b

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

DPM Metals

Market Cap: CA$11.7b

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

ServiceTitan

Market Cap: US$6.0b

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

Plus500

Market Cap: UK£3.1b

A fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally.

SSAB

Market Cap: SEK 82.8b

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.

Blue Bird

Market Cap: US$2.1b

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

Abercrombie & Fitch

Market Cap: US$3.9b

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

CAVA Group

Market Cap: US$11.1b

Owns and operates a chain of restaurants under the CAVA brand in the United States.

EPAM Systems

Market Cap: US$6.3b

Provides digital platform engineering and software development services worldwide.

Oshkosh

Market Cap: US$9.4b

Provides purpose-built vehicles and equipment worldwide.

Russel Metals

Market Cap: CA$2.9b

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

Expeditors International of Washington

Market Cap: US$19.6b

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

F5

Market Cap: US$15.8b

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

Ivanhoe Electric

Market Cap: US$2.1b

Engages in exploration and development of minerals in the United States, Canada, and China.

United States Lime & Minerals

Market Cap: US$3.8b

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

CD Projekt

Market Cap: zł27.9b

Together its subsidiaries, engages in the production, publishing, and digital distribution of video games and related products in Poland.

Autohome

Market Cap: US$2.1b

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

Edwards Lifesciences

Market Cap: US$48.5b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Exponent

Market Cap: US$3.2b

Operates as a science and engineering consulting company in the United States and internationally.

ENAV

Market Cap: €2.7b

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

Theon International

Market Cap: €2.6b

Develops and manufactures customizable night vision, thermal imaging, and electro-optical ISR systems for military and security applications in Europe and internationally.

Garmin

Market Cap: US$50.0b

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