U.S. High ROE Growth Engines

Alphabet

Market Cap: US$3.8t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Microsoft

Market Cap: US$3.5t

Develops and supports software, services, devices, and solutions worldwide.

Meta Platforms

Market Cap: US$1.7t

Engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality and mixed reality headsets, augmented reality, and wearables worldwide.

Costco Wholesale

Market Cap: US$388.7b

Engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

Applied Materials

Market Cap: US$225.4b

Provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries in the United States, China, Korea, Taiwan, Japan, Southeast Asia, Europe, and internationally.

Abbott Laboratories

Market Cap: US$219.9b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Arista Networks

Market Cap: US$172.8b

Engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

PDD Holdings

Market Cap: US$169.1b

A multinational commerce group that owns and operates a portfolio of businesses.

Progressive

Market Cap: US$124.9b

Operates as an insurance company in the United States.

Airbnb

Market Cap: US$82.4b

Operates a platform that enables hosts to offer stays and experiences to guests worldwide.

Ross Stores

Market Cap: US$60.4b

Operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States.

Allstate

Market Cap: US$53.8b

Provides property and casualty, and other insurance products in the United States and Canada.

Chipotle Mexican Grill

Market Cap: US$50.6b

Owns and operates Chipotle Mexican Grill restaurants.

Fastenal

Market Cap: US$47.2b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

AngloGold Ashanti

Market Cap: US$44.7b

Operates as a gold mining company in Africa, Australia, and the Americas.

Comfort Systems USA

Market Cap: US$36.3b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

EMCOR Group

Market Cap: US$29.3b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Rollins

Market Cap: US$28.4b

Through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally.

Ulta Beauty

Market Cap: US$28.0b

Operates as a specialty beauty retailer in the United States, Mexico, and Kuwait.

Futu Holdings

Market Cap: US$25.2b

Provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

lululemon athletica

Market Cap: US$24.9b

Designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China Mainland, Hong Kong, Taiwan, Macau, and internationally.

Ralph Lauren

Market Cap: US$21.7b

Designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally.

NVR

Market Cap: US$20.8b

Operates as a homebuilder in the United States.

Expeditors International of Washington

Market Cap: US$20.7b

Provides logistics services in the Americas, North Asia, South Asia, Europe, and MAIR.

Texas Pacific Land

Market Cap: US$20.5b

Engages in the land and resource management, and water services and operations businesses.

Incyte

Market Cap: US$20.0b

A biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics in the United States, Europe, Canada, and Japan.

Check Point Software Technologies

Market Cap: US$19.9b

Develops, markets, and supports a range of products and services for IT security worldwide.

TechnipFMC

Market Cap: US$19.5b

Engages in the energy projects, technologies, systems, and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally.

Pinterest

Market Cap: US$17.9b

Operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally.

UL Solutions

Market Cap: US$17.8b

Provides testing, inspection and certification, and related software and advisory services worldwide.

Deckers Outdoor

Market Cap: US$15.8b

Designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.

Erie Indemnity

Market Cap: US$14.7b

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

Evercore

Market Cap: US$14.4b

Operates as an independent investment banking firm in the Americas, Europe, Middle East, Africa, and Asia-Pacific.

Chewy

Market Cap: US$13.3b

Engages in the e-commerce business in the United States.

Nextpower

Market Cap: US$13.3b

Provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.2b

Operates membership warehouse clubs on the eastern half of the United States.