U.S. High ROE Growth Engines

Microsoft

Market Cap: US$3.5t

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

Alphabet

Market Cap: US$2.1t

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

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$439.1b

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.

Abbott Laboratories

Market Cap: US$236.0b

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

Accenture

Market Cap: US$195.1b

Provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally.

Progressive

Market Cap: US$157.0b

Operates as an insurance company in the United States.

PDD Holdings

Market Cap: US$142.8b

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

Applied Materials

Market Cap: US$136.9b

Engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Arista Networks

Market Cap: US$116.0b

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.

Lam Research

Market Cap: US$114.5b

Designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.

Airbnb

Market Cap: US$83.7b

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

Chipotle Mexican Grill

Market Cap: US$67.7b

Owns and operates Chipotle Mexican Grill restaurants.

Paychex

Market Cap: US$55.2b

Provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India.

Fastenal

Market Cap: US$48.4b

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

Ross Stores

Market Cap: US$43.1b

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

Old Dominion Freight Line

Market Cap: US$33.9b

Operates as a less-than-truckload motor carrier in the United States and North America.

lululemon athletica

Market Cap: US$28.7b

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.

Rollins

Market Cap: US$27.6b

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

Texas Pacific Land

Market Cap: US$25.7b

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

Check Point Software Technologies

Market Cap: US$23.7b

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

Pinterest

Market Cap: US$22.9b

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

NVR

Market Cap: US$21.5b

Operates as a homebuilder in the United States.

EMCOR Group

Market Cap: US$21.4b

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

Ulta Beauty

Market Cap: US$20.6b

Operates as a specialty beauty retailer in the United States.

Erie Indemnity

Market Cap: US$18.7b

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

Comfort Systems USA

Market Cap: US$17.3b

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

Trimble

Market Cap: US$17.0b

Provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes in North America, Europe, the Asia Pacific, and internationally.

Ralph Lauren

Market Cap: US$15.7b

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

Expeditors International of Washington

Market Cap: US$15.6b

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

Sprouts Farmers Market

Market Cap: US$15.5b

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

Deckers Outdoor

Market Cap: US$15.2b

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

BJ's Wholesale Club Holdings

Market Cap: US$14.6b

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

TechnipFMC

Market Cap: US$14.5b

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.

DICK'S Sporting Goods

Market Cap: US$14.1b

Operates as an omni-channel sporting goods retailer primarily in the United States.

Hims & Hers Health

Market Cap: US$12.4b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.