Ranking of the 500 largest family businesses globally

largest family businesses by revenue

US$ 0.0t

aggregate revenues

0.0m

employees

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How the world’s 500 largest family businesses build and sustain value

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A ranking of the largest 500 family businesses by revenue.

Revenues(3.5 - 648.1 b.)

Founding year(1610 - 2007)

Voting control(32 - 75%)


Rank	Company	Jurisdiction	Revenue (US$ b)	Founding Year	Industry	Type	Employees	Family	Voting control (%)
1	Walmart Inc.	United States	648.13	1962	Retail	Public	2,149,000	Walton	≥32
2	Volkswagen Group	Germany	356.71	1937	Mobility	Public	684,000	Porsche / Piëch	≥50
3	Schwarz Group	Germany	179.09	1930	Retail	Private	575,000	Schwarz	≥75
4	Cargill, Inc.	United States	177.00	1865	Consumer Products	Private	160,000	Cargill-MacMillan	≥75
5	Ford Motor Company	United States	176.19	1903	Mobility	Public	177,000	Ford	≥32
6	Bayerische Motoren Werke AG (BMW)	Germany	168.12	1916	Mobility	Public	155,000	Quandt	≥32
7	Tata Sons Ltd.	India	165.00	1917	Advanced Manufacturing	Private	1,028,000	Tata	≥75
8	Koch Industries, Inc.	United States	125.00	1940	Oil & Gas	Private	120,000	Koch	≥75
9	Comcast Corporation	United States	121.57	1963	Telecommunications	Public	186,000	Roberts	≥32
10	Reliance Industries Ltd.	India	109.90	1966	Oil & Gas	Public	389,000	Ambani	≥32
11	SK Inc.	South Korea	101.38	1953	Technology	Public	118,000	Chey	≥32
12	Robert Bosch GmbH	Germany	99.99	1886	Advanced Manufacturing	Private	429,000	Bosch	≥75
13	LVMH Moët Hennessy Louis Vuitton	France	93.14	1987	Retail	Public	213,000	Arnault	≥50
14	MSC Group	Switzerland	92.60	1970	Mobility	Private	213,000	Aponte	≥75
15	ALDI SÜD Group	Germany	91.76	1913	Retail	Private	50,000	Albrecht	≥75
16	JBS S.A.	Brazil	72.92	1953	Consumer Products	Public	270,000	Batista	≥32
17	Idemitsu Kosan Co. Ltd.	Japan	69.88	1911	Oil & Gas	Public	14,000	Idemitsu	≥32
18	ArcelorMittal S.A.	Luxembourg	68.28	1976	Mining & Metals	Public	127,000	Mittal	≥32
19	Koç Holding	Türkiye	67.79	1926	Oil & Gas	Public	119,000	Koç	≥50
20	Roche Holding Ltd.	Switzerland	67.23	1896	Life Sciences	Public	104,000	Hoffmann / Oeri	≥50
21	Aditya Birla Management Corporation	India	66.00	1857	Advanced Manufacturing	Private	187,000	Birla	≥75
22	INA-Holding Schaeffler GmbH & Co. KG	Germany	65.67	1946	Mobility	Private	305,000	Schaeffler	≥75
23	LG Corp.	South Korea	64.68	1947	Technology	Public	15,000	Koo	≥32
24	Country Garden Holdings	China	63.96	1992	RE, Hospitality & Construction	Public	70,000	Yang	≥50
25	AnheuserBusch InBev	Belgium	59.38	1852	Consumer Products	Public	155,000	De Spoelberch / De Mévius / Van Damme	≥32
26	Tyson Foods, Inc.	United States	52.88	1935	Consumer Products	Public	139,000	Tyson	≥50
27	PHOENIX Pharma SE	Germany	51.38	1994	Life Sciences	Private	48,000	Merckle	≥75
28	A.P. Møller - Mærsk A/S	Denmark	51.07	1904	Mobility	Public	106,000	Maersk	≥50
29	Louis Dreyfus Company B.V.	Netherlands	50.62	1851	Consumer Products	Private	18,000	Dreyfus	≥50
30	Enterprise Products Partners L.P.	United States	49.72	1968	Oil & Gas	Public	6,000	Duncan	≥32
31	Exor Group	Italy	48.37	1899	Banking & Capital Markets	Public	84,000	Agnelli	≥75
32	América Móvil, S.A.B. de C.V.	Mexico	48.30	2000	Telecommunications	Public	176,000	Slim	≥50
33	Mars, Incorporated	United States	47.00	1911	Consumer Products	Private	125,000	Mars	≥75
34	CMA CGM Group	France	47.00	1978	Mobility	Private	146,000	Saadé	≥50
35	Rongsheng Petrochemical Co. Ltd.	China	45.97	1995	Consumer Products	Public	19,000	Li	≥50
36	Meritz Financial Group Inc.	South Korea	44.97	1945	Insurance	Public	<1,000	Cho	≥32
37	George Weston Ltd.	Canada	44.56	1882	Retail	Public	220,000	Weston	≥50
38	L'Oréal Groupe	France	44.53	1909	Consumer Products	Public	95,000	Bettencourt	≥32
39	H.E. Butt Grocery Company (H-E-B)	United States	43.60	1905	Retail	Private	154,000	Butt	≥75
40	Hanwha Corporation	South Korea	40.81	1952	Advanced Manufacturing	Public	5,000	Kim	≥32
41	Reyes Holdings LLC	United States	40.00	1976	Retail	Private	36,000	Reyes	≥75
42	Heineken N.V.	Netherlands	39.71	1864	Consumer Products	Public	90,000	de Carvalho-Heineken	≥50
43	Inditex Group	Spain	38.91	1963	Retail	Public	161,000	Ortega	≥50
44	Enterprise Mobility	United States	38.00	1957	Professional Firms & Services	Private	90,000	Taylor	≥75
45	Sonepar (Société de Négoce et de participation)	France	36.35	1969	Retail	Private	45,000	Coisne	≥75
46	Jardine Matheson Holdings Ltd.	Hong Kong SAR	36.05	1832	Wealth & Asset Management	Public	443,000	Keswick	≥32
47	Groupe Auchan S.A.	France	35.92	1961	Consumer Products	Private	155,000	Mulliez	≥75
48	Mercadona SA	Spain	35.87	1977	Retail	Private	104,000	Roig	≥75
49	C&S Wholesale Grocers, Inc.	United States	34.70	1918	Retail	Private	15,000	Cohen	≥75
50	Lennar Corporation	United States	34.23	1954	RE, Hospitality & Construction	Public	12,000	Miller	≥32
51	Rajesh Exports Ltd.	India	33.91	1988	Consumer Products	Public	<1,000	Mehta	≥50
52	Jerónimo Martins SGPS	Portugal	33.09	1792	Retail	Public	134,000	Soares dos Santos	≥50
53	Itaú Unibanco Holding S.A.	Brazil	32.97	1924	Banking & Capital Markets	Public	93,000	Moreira Salles / Souza Aranha	≥32
54	Groupe Lactalis	France	32.20	1933	Consumer Products	Private	86,000	Besnier	≥75
55	CJ Corporation	South Korea	31.65	1953	Consumer Products	Public	67,000	Lee	≥32
56	Antarchile S.A.	Chile	30.77	1989	Banking & Capital Markets	Public	41,000	Angelini	≥50
57	Paramount Global	United States	29.65	1986	Media & Entertainment	Public	22,000	Redstone	≥75
58	Penske Automotive Group	United States	29.53	1969	Mobility	Public	28,000	Penske	≥32
59	Power Corporation of Canada	Canada	29.24	1925	Insurance	Public	40,000	Desmarais	≥50
60	Heraeus Group	Germany	28.00	1851	Technology	Private	15,000	Heraeus	≥75
61	C.H. Boehringer Sohn AG & Co. KG	Germany	27.96	1885	Life Sciences	Private	54,000	Boehringer	≥75
62	Kühne + Nagel International AG	Switzerland	26.53	1890	Mobility	Public	75,000	Kuehne	≥50
63	Love's Travel Stops & Country Stores	United States	26.50	1964	Retail	Private	40,000	Love	≥75
64	WH Group Ltd.	Hong Kong SAR	26.24	1984	Consumer Products	Public	101,000	Wan	≥32
65	Southern Glazer’s Wine & Spirits	United States	26.00	1968	Retail	Private	24,000	Glazer / Chaplin	≥50
66	Ultrapar Participações S.A.	Brazil	25.98	1937	Oil & Gas	Public	10,000	Igel	≥32
67	Fairfax Financial Holdings	Canada	25.80	1985	Insurance	Public	51,000	Watsa	≥32
68	CP ALL Plc.	Thailand	25.74	1921	Retail	Public	85,000	Chearavanont	≥32
69	SHV Holdings N.V.	Netherlands	24.84	1896	Wealth & Asset Management	Private	53,000	Fentener van Vlissingen	≥75
70	RETHMANN Group	Germany	24.75	1934	Power & Utilities	Private	96,000	Rethmann	≥75
71	Great Wall Motor (GWM)	China	24.49	1976	Mobility	Public	82,000	Wei	≥50
72	Sodexo S.A.	France	23.98	1966	Consumer Products	Public	430,000	Bellon	≥50
73	Marriott International, Inc.	United States	23.71	1927	RE, Hospitality & Construction	Public	411,000	Marriott	≥75
74	Henkel AG & Co. KGaA	Germany	23.26	1876	Consumer Products	Public	48,000	Henkel	≥50
75	Cox Enterprises, Inc.	United States	23.00	1898	Telecommunications	Private	50,000	Cox	≥75
76	Formosa Petrochemical Corporation	Taiwan	22.87	1954	Oil & Gas	Public	5,000	Wang	≥75
77	Empire Company Ltd.	Canada	22.77	1963	Retail	Public	128,000	Sobey	≥75
78	Liberty Media Corporation	United States	22.75	1965	Media & Entertainment	Public	6,000	Malone	≥32
79	Merck KGaA	Germany	22.70	1668	Life Sciences	Public	63,000	Merck	≥50
80	Grupo Bimbo, S.A.B. de C.V.	Mexico	22.51	1945	Consumer Products	Public	114,000	Servitje	≥50
81	Compagnie Financiere Richemont	Switzerland	22.36	1948	Retail	Public	37,000	Rupert	≥50
82	Adolf Würth GmbH & Co. KG	Germany	22.27	1945	Advanced Manufacturing	Private	87,000	Würth	≥75
83	H&M Group	Sweden	22.22	1947	Consumer Products	Public	101,000	Persson	≥75
84	Bertelsmann SE & Co. KGaA	Germany	21.81	1835	Media & Entertainment	Public	80,000	Mohn	≥75
85	Kering SA	France	21.15	1962	Consumer Products	Public	49,000	Pinault	≥50
86	Meijer, Inc.	United States	21.00	1934	Retail	Private	70,000	Meijer	≥75
87	Gordon Food Service, Inc.	United States	21.00	1897	Retail	Private	22,000	Gordon	≥75
88	Suntory Holdings Ltd.	Japan	20.90	1899	Consumer Products	Private	42,000	Saji	≥75
89	JSW Steel Ltd.	India	20.85	1982	Mining & Metals	Public	26,000	Jindal	≥32
90	QuikTrip Corporation	United States	20.30	1958	Retail	Private	31,000	Cadieux	≥75
91	Banco Bradesco SA	Brazil	20.05	1943	Banking & Capital Markets	Public	86,000	Aguiar	≥32
92	New Hope Liuhe Co. Ltd.	China	20.04	1982	Consumer Products	Public	51,000	Liu	≥32
93	JM Family Enterprises, Inc.	United States	20.00	1968	Mobility	Private	5,000	Moran	≥75
94	Fast Retailing Co. Ltd.	Japan	19.98	1949	Retail	Public	60,000	Yanai	≥32
95	Chanel	France	19.74	1910	Consumer Products	Private	37,000	Wertheimer	≥75
96	RaceTrac, Inc.	United States	19.70	1934	Oil & Gas	Private	11,000	Bolch	≥75
97	Aker ASA	Norway	18.98	1841	Advanced Manufacturing	Public	29,000	Røkke	≥50
98	Wawa, Inc.	United States	18.90	1902	Retail	Private	46,000	Wood	≥50
99	China Hongqiao Group Ltd.	China	18.89	1951	Mining & Metals	Public	49,000	Zhang	≥50
100	DKV Mobility Group	Germany	18.56	1934	Banking & Capital Markets	Private	2,000	Fischer	≥75
101	Ferrero Group	Luxembourg	18.55	1946	Consumer Products	Private	47,000	Ferrero	≥75
102	Acciona S.A.	Spain	18.40	1931	RE, Hospitality & Construction	Public	58,000	Entrecanales	≥50
103	Vedanta Ltd.	India	18.28	1965	Mining & Metals	Public	18,000	Agarwal	≥50
104	Bharti Airtel Ltd.	India	18.12	1995	Telecommunications	Public	17,000	Bharti Mittal	≥50
105	Cencosud S.A.	Chile	18.11	1963	Retail	Public	110,000	Paulmann	≥50
106	Tetra Laval Group	Switzerland	17.16	1951	Advanced Manufacturing	Private	34,000	Rausing	≥75
107	Yıldız Holding	Türkiye	17.06	1944	Consumer Products	Private	80,000	Ülker	≥50
108	dm-drogerie markt GmbH + Co. KG	Germany	17.00	1973	Retail	Private	80,000	Werner / Lehmann	≥50
109	Knauf Gips KG	Germany	16.81	1932	RE, Hospitality & Construction	Private	42,000	Knauf	≥75
110	Bechtel Group, Inc.	United States	16.80	1898	RE, Hospitality & Construction	Private	50,000	Bechtel	≥50
111	United Shipping & Trading Company	Denmark	16.59	1876	Mobility	Private	4,000	Østergaard-Nielsen	≥75
112	SPAR Holding AG	Austria	16.46	1954	Retail	Private	94,000	Reisch / Drexel / Poppmeier	≥50
113	Emil Frey Holding AG	Switzerland	16.41	1924	Mobility	Private	22,000	Frey	≥50
114	Alfa S.A.B. de C.V.	Mexico	16.39	1926	Advanced Manufacturing	Public	54,000	Garza Sada	≥32
115	Otto Group	Germany	16.38	1949	Retail	Private	38,000	Otto	≥50
116	Jim Pattison Group Inc.	Canada	16.00	1961	Retail	Private	50,000	Pattison	≥75
117	The Estée Lauder Companies (ELC)	United States	15.91	1946	Consumer Products	Public	62,000	Lauder	≥75
118	Loews Corporation	United States	15.90	1946	Insurance	Public	18,000	Tisch	≥32
119	Anadolu Group	Türkiye	15.87	1950	Consumer Products	Public	100,000	Yazıcı / Özilhan	≥50
120	Adani Enterprises Ltd.	India	15.65	1988	Power & Utilities	Public	7,000	Adani	≥50
121	Indorama Ventures	Thailand	15.57	1976	Wealth & Asset Management	Public	26,000	Lohia	≥50
122	El Corte Inglés S.A.	Spain	15.47	1890	Retail	Private	82,000	Areces / Alvarez	≥50
123	Yazaki Group	Japan	15.44	1929	Mobility	Private	241,000	Yazaki	≥75
124	Liebherr Group	Switzerland	15.33	1949	Advanced Manufacturing	Private	54,000	Liebherr	≥75
125	Marquard & Bahls AG	Germany	15.23	1947	Oil & Gas	Private	4,000	Weisser	≥50
126	Dirk Rossmann GmbH	Germany	15.17	1972	Consumer Products	Private	62,000	Rossmann	≥50
127	The Gap, Inc.	United States	14.89	1969	Retail	Public	85,000	Fisher	≥32
128	Tenaris S.A.	Luxembourg	14.87	1945	Mining & Metals	Public	29,000	Rocca	≥50
129	Bolloré SE	France	14.79	1822	Advanced Manufacturing	Public	76,000	Bolloré	≥50
130	Hermès International	France	14.66	1837	Retail	Public	22,000	Hermes	≥50
131	Doosan Group	South Korea	14.64	1896	Advanced Manufacturing	Public	39,000	Park	≥32
132	Falabella S.A.	Chile	14.40	1889	Retail	Public	94,000	Solari	≥50
133	Motor Oil (Hellas) Corinth Refineries S.A.	Greece	14.40	1970	Oil & Gas	Public	3,000	Vardinoyannis	≥32
134	Sonic Automotive, Inc.	United States	14.37	1997	Mobility	Public	11,000	Smith	≥75
135	Grupo México	Mexico	14.37	1890	Mining & Metals	Public	31,000	Larrea	≥50
136	Rogers Communications, Inc.	Canada	14.31	1914	Telecommunications	Public	26,000	Roger	≥75
137	Universal Health Services, Inc.	United States	14.28	1979	Health	Public	97,000	Miller	≥75
138	Reitan AS	Norway	14.14	1948	Retail	Private	44,000	Reitan	≥75
139	Sheetz, Inc.	United States	14.00	1952	Retail	Private	25,000	Sheetz	≥75
140	maxingvest GmbH & Co. KGaA	Germany	13.98	1949	Consumer Products	Private	32,000	Herz	≥75
141	Wanxiang Group	China	13.96	1969	Mobility	Private	20,000	Lu	≥50
142	Chow Tai Fook Jewellery Group	Hong Kong SAR	13.90	1929	Retail	Public	28,000	Cheng	≥50
143	Metalúrgica Gerdau S.A.	Brazil	13.78	1901	Mining & Metals	Public	31,000	Gerdau Johannpeter	≥75
144	Droege Group AG	Germany	13.71	1988	Wealth & Asset Management	Private	25,000	Droege	≥50
145	HAL Holding N.V.	Netherlands	13.65	1873	Wealth & Asset Management	Public	32,000	van der Vorm	≥50
146	Gestamp Automoción S.A.	Spain	13.59	1958	Mobility	Public	45,000	Riberas	≥50
147	Hacı Ömer Sabancı Holding	Türkiye	13.44	1925	Advanced Manufacturing	Public	64,000	Sabancı	≥32
148	Menard, Inc.	United States	13.40	1958	Retail	Private	45,000	Menard	≥75
149	HCL Technologies Ltd.	India	13.28	1976	Technology	Public	237,000	Nadar	≥50
150	Grupo Comercial Chedraui	Mexico	13.24	1920	Retail	Public	47,000	Chedraui	≥50
151	Freudenberg & Co. KG	Germany	12.99	1849	Mobility	Private	52,000	Freudenberg	≥75
152	Dick's Sporting Goods, Inc.	United States	12.98	1948	Retail	Public	56,000	Stack	≥75
153	Saputo, Inc.	Canada	12.86	1954	Consumer Products	Public	20,000	Saputo	≥32
154	Schindler Holding AG	Switzerland	12.79	1874	Advanced Manufacturing	Public	70,000	Schindler	≥50
155	Westlake Corporation	United States	12.55	1986	Advanced Manufacturing	Public	16,000	Chao	≥50
156	Wegman's Food Markets, Inc.	United States	12.50	1916	Retail	Private	54,000	Wegman	≥75
157	Canadian Tire Corporation	Canada	12.34	1922	Retail	Public	14,000	Billes	≥50
158	Axel Johnson AB	Sweden	12.34	1873	Retail	Private	25,000	Ax:son Johnson	≥75
159	DKSH Holding AG	Switzerland	12.31	1865	Retail	Public	27,000	Keller	≥32
160	Ashley Furniture Industries	United States	12.30	1945	Retail	Private	17,000	Wanek	≥50
161	Saras S.p.A.	Italy	12.30	1962	Oil & Gas	Public	2,000	Moratti	≥32
162	Swire Pacific Ltd.	Hong Kong SAR	12.11	1816	Retail	Public	54,000	Swire	≥50
163	Koninklijke Jumbo Food Groep	Netherlands	12.04	1921	Retail	Private	43,000	Eerd	≥75
164	The Hearst Corporation	United States	12.00	1887	Media & Entertainment	Private	20,000	Hearst	≥50
165	Icahn Enterprises L.P.	United States	11.85	1987	Wealth & Asset Management	Public	15,000	Icahn	≥75
166	KONE Oyj	Finland	11.84	1910	Advanced Manufacturing	Public	64,000	Herlin	≥50
167	Danfoss A/S	Denmark	11.63	1933	Advanced Manufacturing	Private	42,000	Clausen	≥75
168	Giant Eagle, Inc.	United States	11.50	1918	Retail	Private	36,000	Shapira	≥75
169	DSM-Firmenich AG	Switzerland	11.49	1895	Advanced Manufacturing	Public	29,000	Firmenich	≥32
170	Takenaka Corporation	Japan	11.49	1610	RE, Hospitality & Construction	Private	8,000	Takenaka	≥75
171	Arca Continental	Mexico	11.41	1926	Consumer Products	Public	70,000	Barragan	≥32
172	S.C. Johnson & Son, Inc.	United States	11.20	1886	Consumer Products	Private	13,000	Johnson	≥75
173	Burelle SA	France	11.17	1957	Mobility	Public	34,000	Burelle	≥75
174	The Hershey Company	United States	11.17	1894	Consumer Products	Public	21,000	Hershey	≥75
175	Lotte Shopping Co. Ltd.	South Korea	11.14	1970	Retail	Public	20,000	Shin	≥50
176	CLP Holdings Ltd.	Hong Kong SAR	11.13	1901	Power & Utilities	Public	8,000	Kadoorie	≥32
177	Gulf States Toyota, Inc.	United States	11.10	1957	Mobility	Private	9,000	Friedkin	≥75
178	Standard Industries, Inc.	United States	11.00	1886	Power & Utilities	Private	20,000	Heyman / Millstone / Winter	≥75
179	Pon Holdings B.V.	Netherlands	10.92	1895	Mobility	Private	14,000	Pon	≥75
180	Wipro Ltd.	India	10.80	1945	Technology	Public	234,000	Premji	≥50
181	NorgesGruppen ASA	Norway	10.64	1866	Retail	Private	45,000	Johannson	≥50
182	CGI Inc.	Canada	10.60	1976	Technology	Public	90,000	Godin	≥50
183	First Pacific Company Ltd.	Hong Kong SAR	10.51	1981	Consumer Products	Public	101,000	Salim	≥32
184	McCain Foods Ltd.	Canada	10.44	1957	Consumer Products	Private	23,000	McCain	≥75
185	Edizione S.p.A.	Italy	10.41	1955	Retail	Private	6,000	Benetton	≥75
186	Italiana Petroli S.p.A.	Italy	10.38	1933	Oil & Gas	Private	2,000	Brachetti Peretti	≥75
187	Grupo Elektra S.A.B. de C.V.	Mexico	10.37	1950	Retail	Public	63,000	Salinas	≥50
188	Colruyt Group	Belgium	10.34	1928	Retail	Public	33,000	Colruyt	≥50
189	Globus Holding GmbH & Co. KG	Germany	10.33	1828	Retail	Private	44,000	Bruch	≥50
190	Nippon Paint Holdings	Japan	10.28	1881	Advanced Manufacturing	Public	34,000	Goh	≥50
191	SM Investments Corporation	Philippines	10.27	1958	Wealth & Asset Management	Public	131,000	Sy	≥50
192	Einkaufsbüro Deutscher Eisenhändler GmbH (E/D/E)	Germany	10.15	1931	Retail	Private	1,000	Trautwein	≥50
193	Webuild S.p.A.	Italy	10.04	1906	RE, Hospitality & Construction	Public	87,000	Salini	≥32
194	Theo Müller Group	Germany	10.04	1896	Consumer Products	Private	32,000	Müller	≥75
195	Kohler Co.	United States	10.00	1873	Advanced Manufacturing	Private	40,000	Kohler	≥75
196	Organización Soriana, S.A.B. de C.V.	Mexico	9.91	1968	Retail	Public	86,000	Martín	≥75
197	Visy Industries Holdings	Australia	9.91	1948	Advanced Manufacturing	Private	7,000	Pratt	≥50
198	Votorantim S.A.	Brazil	9.91	1918	Advanced Manufacturing	Private	63,000	Moraes	≥75
199	Sucden (Sucres et Denrées)	France	9.90	1952	Retail	Private	6,000	Varsano	≥50
200	Majid Al Futtaim Holding	United Arab Emirates	9.89	1939	RE, Hospitality & Construction	Private	43,000	Al Futtaim	≥75
201	News Corporation	United States	9.88	1952	Media & Entertainment	Public	25,000	Murdoch	≥32
202	J.R. Simplot Company	United States	9.80	1923	Consumer Products	Private	13,000	Simplot	≥75
203	Casino, Guichard-Perrachon (Groupe Casino)	France	9.79	1898	Retail	Public	44,000	Naouri	≥50
204	Golden Agri-Resources Ltd.	Singapore	9.76	1996	Consumer Products	Public	101,000	Widjaja	≥50
205	Benteler International AG	Austria	9.59	1876	Mobility	Private	21,000	Benteler	≥75
206	Seaboard Corporation	United States	9.56	1918	Consumer Products	Public	13,000	Bresky	≥75
207	Lego A/S	Denmark	9.56	1932	Consumer Products	Private	29,000	Kirk Kristiansen	≥75
208	B. Braun SE	Germany	9.56	1839	Life Sciences	Private	63,000	Braun	≥75
209	Wilhelm Hoyer B.V. & Co. KG	Germany	9.54	1924	Oil & Gas	Private	3,000	Hoyer	≥75
210	Perdue Farms Inc.	United States	9.50	1920	Consumer Products	Private	21,000	Perdue	≥75
211	Landmark Group	United Arab Emirates	9.50	1973	Consumer Products	Private	55,000	Jagtiani	≥50
212	Deichmann SE	Germany	9.50	1913	Retail	Private	49,000	Deichmann	≥75
213	Campbell Soup Company	United States	9.36	1869	Consumer Products	Public	15,000	Dorrance	≥32
214	Esselunga S.p.A.	Italy	9.33	1957	Consumer Products	Private	25,000	Caprotti	≥75
215	Ferrovial S.A.	Spain	9.30	1952	Professional Firms & Services	Public	25,000	Del Pino	≥32
216	Central National-Gottesman Inc.	United States	9.30	1886	Retail	Private	4,000	Wallach	≥75
217	Tengelmann Group	Germany	9.26	1867	Retail	Private	60,000	Haub	≥75
218	Altice USA, Inc.	Luxembourg	9.24	2001	Telecommunications	Public	11,000	Drahi	≥75
219	Harim Holdings Co. Ltd.	South Korea	9.23	1978	Consumer Products	Public	16,000	Kim	≥50
220	Barry Callebaut AG	Switzerland	9.16	1895	Consumer Products	Public	14,000	Jacobs	≥32
221	Companhia Siderúrgica Nacional (CSN)	Brazil	9.09	1941	Mining & Metals	Public	30,000	Steinbruch	≥32
222	Sun Hung Kai Properties Ltd.	Hong Kong SAR	9.08	1972	RE, Hospitality & Construction	Public	40,000	Kwok	≥32
223	Sonae SGPS S.A.	Portugal	9.08	1959	Retail	Public	48,000	de Azevedo	≥50
224	Murugappa Group Ltd.	India	9.02	1900	Consumer Products	Private	73,000	Murugappa	≥50
225	Dyson Technology Ltd.	United Kingdom	9.00	1985	Consumer Products	Private	14,000	Dyson	≥75
226	Grupo André Maggi (AMAGGI)	Brazil	8.98	1977	Retail	Private	9,000	Maggi	≥75
227	Quinenco S.A.	Chile	8.96	1957	Wealth & Asset Management	Public	76,000	Luksic	≥75
228	Discount Tire (America's Tire)	United States	8.93	1960	Consumer Products	Private	28,000	Halle	≥75
229	Musim Mas Group	Singapore	8.90	1932	Consumer Products	Private	42,000	Karim	≥50
230	Hancock Prospecting Pty Ltd	Australia	8.90	1955	Mining & Metals	Private	4,000	Rinehart	≥75
231	84 Lumber Company	United States	8.78	1956	Retail	Private	7,000	Hardy	≥50
232	The Swatch Group	Switzerland	8.77	1983	Retail	Public	34,000	Hayek	≥32
233	Continental Resources, Inc.	United States	8.73	1967	Oil & Gas	Private	1,000	Hamm	≥75
234	Xin Feng Ming Group	China	8.69	2000	Advanced Manufacturing	Public	17,000	Zhuang	≥32
235	Groupe SEB	France	8.66	1857	Consumer Products	Public	31,000	Lescure	≥50
236	D'Ieteren Group	Belgium	8.63	1805	Mobility	Public	50,000	D'Ieteren	≥50
237	Brose Group	Germany	8.62	1908	Mobility	Private	32,000	Stoschek	≥75
238	DOT Foods, Inc.	United States	8.60	1960	Retail	Private	6,000	Tracy	≥75
239	Knorr-Bremse AG	Germany	8.57	1905	Mobility	Public	33,000	Thiele-Schürhoff	≥50
240	Marcegaglia S.p.A.	Italy	8.54	1959	Mining & Metals	Private	7,000	Marcegaglia	≥75
241	Mansfield Energy Corp	United States	8.50	1957	Oil & Gas	Private	<1,000	Mansfield	≥75
242	HELM AG	Germany	8.44	1900	Consumer Products	Private	2,000	Schnabel	≥75
243	Flex-N-Gate Corporation	United States	8.33	1956	Mobility	Private	27,000	Khan	≥75
244	Orbia Advance Corporation	Mexico	8.20	1953	Advanced Manufacturing	Public	24,000	del Valle	≥50
245	Nine Dragons Paper Holdings	China	8.16	1995	Advanced Manufacturing	Public	23,000	Liu / Zhang	≥50
246	Empresas CMPC S.A.	Chile	8.10	1920	Advanced Manufacturing	Public	25,000	Matte	≥50
247	Bass Pro Shops	United States	8.10	1971	Consumer Products	Private	40,000	Morris	≥75
248	Bombardier, Inc.	Canada	8.05	1942	Advanced Manufacturing	Public	18,000	Bombardier	≥32
249	Eberspächer Group	Germany	8.04	1865	Mobility	Private	11,000	Eberspächer	≥50
250	Southwire Company LLC	United States	8.00	1937	Retail	Private	9,000	Richards	≥75
251	Pentland Group Ltd.	United Kingdom	8.00	1932	Retail	Private	76,000	Rubin	≥50
252	Skechers USA, Inc.	United States	8.00	1992	Consumer Products	Public	18,000	Greenberg	≥50
253	Thai Beverage Plc	Thailand	7.98	2003	Consumer Products	Public	43,000	Sirivadhanabhakdi	≥50
254	OSI Group	United States	7.90	1909	Consumer Products	Private	16,000	Lavin	≥75
255	Hobby Lobby Stores, Inc.	United States	7.90	1972	Retail	Private	46,000	Green	≥75
256	Cosan S.A.	Brazil	7.89	1936	Oil & Gas	Public	56,000	Mello	≥32
257	Franklin Resources, Inc.	United States	7.85	1947	Wealth & Asset Management	Public	9,000	Johnson	≥32
258	PT Gudang Garam Tbk	Indonesia	7.82	1958	Consumer Products	Public	28,000	Wonowidjojo	≥75
259	DACHSER Group	Germany	7.75	1930	Mobility	Private	34,000	Simon	≥75
260	Wendel S.A.	France	7.71	1704	Wealth & Asset Management	Public	97,000	Wendel	≥32
261	Amway Corp.	United States	7.70	1959	Consumer Products	Private	15,000	Van Andel / DeVos	≥75
262	Huafon Group	China	7.70	1991	Advanced Manufacturing	Private	14,000	You	≥75
263	Dr. August Oetker KG	Germany	7.55	1891	Consumer Products	Private	29,000	Oetker	≥75
264	Mansour Group	Egypt	7.50	1952	Advanced Manufacturing	Private	60,000	Mansour	≥75
265	VolkerWessels	Netherlands	7.38	1933	RE, Hospitality & Construction	Private	16,000	Wessel	≥75
266	Bank Central Asia	Indonesia	7.38	1957	Banking & Capital Markets	Public	25,000	Hartono	≥50
267	Magazine Luiza S.A.	Brazil	7.35	1957	Retail	Public	37,000	Trajano	≥50
268	Savencia S.A.	France	7.34	1956	Wealth & Asset Management	Public	22,000	Bongrain	≥50
269	Barceló Group	Spain	7.32	1931	RE, Hospitality & Construction	Private	38,000	Barceló	≥50
270	LuLu Retail Holdings	United Arab Emirates	7.30	2000	Retail	Public	70,000	Yusuff Ali	≥75
271	Gilbane, Inc.	United States	7.30	1873	RE, Hospitality & Construction	Private	3,000	Gilbane	≥75
272	Red Apple Group	United States	7.30	1970	Oil & Gas	Private	8,000	Catsimatidis	≥75
273	The Hong Kong and China Gas Company (Towngas)	Hong Kong SAR	7.28	1862	Oil & Gas	Public	2,000	Lee	≥32
274	Central Retail Corporation	Thailand	7.25	1947	Professional Firms & Services	Public	61,000	Chirathivat	≥32
275	Tönnies Holding	Germany	7.22	1971	Retail	Private	15,000	Tönnies	≥75
276	Linamar Corporation	Canada	7.21	1966	Mobility	Public	32,000	Hasenfratz	≥32
277	Clark Enterprises, Inc.	United States	7.20	1972	RE, Hospitality & Construction	Private	5,000	Clark	≥50
278	GOLDBECK GmbH	Germany	7.16	1969	Professional Firms & Services	Private	12,000	Goldbeck	≥75
279	Grifols S.A.	Spain	7.13	1909	Life Sciences	Public	24,000	Grifols	≥32
280	Lars Larsen Group A/S	Denmark	7.12	1979	Retail	Private	41,000	Brunsborg	≥75
281	Breakthru Beverage Group	United States	7.10	1944	Consumer Products	Private	10,000	Wirtz	≥75
282	Diersch & Schröder Group	Germany	7.03	1920	Oil & Gas	Private	1,000	Karstedt	≥75
283	J.C.B. Service	United Kingdom	7.00	1945	Advanced Manufacturing	Private	11,000	Bamford	≥75
284	Uline, Inc.	United States	7.00	1980	Advanced Manufacturing	Private	9,000	Uihlein	≥75
285	Otsuka Corporation	Japan	6.97	1921	Technology	Public	9,000	Otsuka	≥32
286	Bechtle AG	Germany	6.94	1983	Technology	Public	15,000	Schick	≥32
287	VDL Groep B.V.	Netherlands	6.94	1953	Advanced Manufacturing	Private	15,000	van der Leegte	≥75
288	Wacker Chemie AG	Germany	6.92	1914	Advanced Manufacturing	Public	16,000	Wacker	≥50
289	Hilti AG	Liechtenstein	6.90	1941	Advanced Manufacturing	Private	32,000	Hilti	≥75
290	Wieland-Werke AG	Germany	6.88	1820	Mining & Metals	Private	10,000	Schleicher	≥50
291	Dillard's, Inc.	United States	6.87	1938	Retail	Public	30,000	Dillard	≥50
292	Dongwon Industries Co. Ltd.	South Korea	6.85	1969	Consumer Products	Public	<1,000	Kim	≥75
293	Hankook Tire & Technology Co. Ltd.	South Korea	6.84	1941	Advanced Manufacturing	Public	20,000	Cho	≥32
294	Viohalco S.A.	Belgium	6.81	1937	Mining & Metals	Public	11,000	Stasinopoulos	≥75
295	Investor AB	Sweden	6.80	1916	Wealth & Asset Management	Public	17,000	Wallenberg	≥32
296	J.D. Heiskell Holdings	United States	6.80	1886	Retail	Private	<1,000	Hillman	≥75
297	Thomson Reuters Corporation	Canada	6.79	1851	Professional Firms & Services	Public	26,000	Thomson	≥50
298	Harel Group	Israel	6.74	1935	Insurance	Public	5,000	Hamburger	≥32
299	LDC Group (Lambert Dodard Chancereul)	France	6.71	1909	Consumer Products	Public	25,000	Lambert / Dodard Chancereul	≥50
300	Hornbach Holding AG	Germany	6.67	1877	Retail	Public	21,000	Hornbach	≥32
301	Logan Group Company Ltd.	China	6.67	1996	RE, Hospitality & Construction	Public	2,000	Kei	≥75
302	Hyatt Hotels Corporation	United States	6.67	1957	RE, Hospitality & Construction	Public	51,000	Pritzker	≥75
303	Coca-Cola Consolidated, Inc.	United States	6.65	1902	Consumer Products	Public	17,000	Harrison	≥50
304	Ralph Lauren Corporation	United States	6.63	1967	Retail	Public	23,000	Lauren	≥75
305	Demoulas Super Markets, Inc.	United States	6.60	1917	Retail	Private	28,000	Demoulas	≥75
306	YTL Corporation Bhd	Malaysia	6.60	1955	RE, Hospitality & Construction	Public	13,000	Yeoh	≥50
307	Gruma S.A.B. de C.V.	Mexico	6.58	1949	Consumer Products	Public	24,000	Moreno	≥50
308	XXXLutz Group	Austria	6.55	1945	Retail	Private	27,000	Seifert	≥50
309	CLAAS KGaA mbH	Germany	6.55	1913	Mobility	Private	12,000	Claas	≥75
310	PORR Group	Austria	6.54	1869	RE, Hospitality & Construction	Public	21,000	Ortner / Strauss	≥50
311	Porto Seguro S.A.	Brazil	6.52	1945	Insurance	Public	14,000	Garfinkel	≥50
312	Amkor Technology, Inc.	United States	6.50	1968	Technology	Public	29,000	Kim	≥50
313	WEG S.A.	Brazil	6.50	1961	Advanced Manufacturing	Public	41,000	da Silva / Werninghaus / Voigt	≥50
314	New Balance Athletics, Inc.	United States	6.50	1906	Retail	Private	10,000	Davis	≥75
315	Harbor Freight Tools	United States	6.50	1977	Consumer Products	Private	28,000	Smidt	≥75
316	Seven Group Holdings Ltd.	Australia	6.48	1991	Advanced Manufacturing	Public	11,000	Stokes	≥50
317	Trammo, Inc.	United States	6.40	1965	Consumer Products	Private	<1,000	Stanton	≥75
318	Borusan Holding	Türkiye	6.37	1944	Advanced Manufacturing	Private	13,000	Kocabıyık	≥75
319	CFA Properties, Inc. (Chick-fil-A)	United States	6.37	1946	Retail	Private	140,000	Cathy	≥75
320	Grupo Catalana Occidente	Spain	6.32	1864	Insurance	Public	9,000	Serra	≥50