Biology of Business

Russell 2000

427 companies

Instacart

Grocery Delivery / Gig Economy

Apoorva Mehta's 21st startup idea succeeded where his previous 20 failed because of germination timing, not a better idea. In 2012, environmental fact...

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AAON, Inc.

HVAC Equipment Manufacturing

HVAC manufacturer thriving in a niche like desert-adapted species—specialized cooling and heating for commercial buildings, not homes. Focused special...

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Aaron's

Retail

Allows organisms to access nesting materials before they can afford full ownership, tracking repayment through incremental exchanges over extended tim...

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Abercrombie & Fitch Co.

Apparel Retail

Abercrombie & Fitch is an American lifestyle retailer founded in 1892, operating multiple brands including Abercrombie & Fitch, Abercrombie Kids, Holl...

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Abiomed

Medical Devices

Implants mechanical circulatory assist pumps that mimic cardiac function, maintaining blood pressure and perfusion when native hearts fail to sustain...

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Academy Sports and Outdoors, Inc.

Sporting Goods Retail

Academy Sports and Outdoors is a leading full-line sporting goods and outdoor recreation retailer operating 301 stores across 21 states. Originally fo...

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Acadia Healthcare Company, Inc.

Healthcare Services - Behavioral Health

Provides sheltered environments where behaviorally distressed organisms can recover neural homeostasis, processing trauma and reestablishing functiona...

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Acadia Realty Trust

Real Estate Investment Trust - Retail

Acadia Realty Trust is an equity real estate investment trust focused on owning, acquiring, redeveloping and managing retail properties. The company's...

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Accelerate Diagnostics

Medical Devices

Identifies bacterial threats within hours instead of days, detecting microbial signatures and resistance patterns before infections overwhelm host def...

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Acceleron Pharma

Biotechnology

Modulates cellular growth pathways in rare disorders, targeting molecular signals that regulate blood cell production, bone formation, and muscle deve...

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Accuray Incorporated

Medical Devices

Strikes cancer cells with the surgical precision of an archerfish jet, robotic targeting systems delivering lethal doses while healthy tissue escapes...

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ACI Worldwide, Inc.

Financial Technology - Payment Processing

ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. The company powers electronic p...

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Acuity Brands

Industrial Technology

Orchestrates building illumination like firefly synchrony, sensor networks coordinate light pulses and environmental responses through distributed sig...

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Acushnet Holdings Corp.

Sporting Goods Manufacturing - Golf

Engineers golf ball trajectories with the precision of archerfish water jets, Titleist spheres calculate drag and lift like predators computing strike...

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Adaptimmune Therapeutics

Biotechnology

Engineers T-cells into precision hunters like training wolves to track cancer scent, receptor technology redirects immune predators toward tumor prey...

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Addus HomeCare

Healthcare Services

Extends eldercare like elephant matriarchs tending their aging, home services mirror the prosocial grooming and food-sharing that sustains vulnerable...

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ADT Inc.

Security Services

Security monitoring that spreads through authorized dealers like mycelium—the brand sits at the center, but thousands of local installers extend its r...

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Adtalem Global Education

Education Services

Transmits professional knowledge like orca pods teaching hunting techniques, specialized institutions pass workforce skills across generations through...

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Advanced Drainage Systems, Inc.

Construction Materials - Water Management

Engineers corrugated pipe networks that channel storm runoff through buried arteries, mimicking watershed dynamics to prevent flooding and guide water...

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AdvanSix

Chemicals

Transforms nitrogen and carbon feedstocks into nylon polymers and chemical intermediates, breaking down raw materials into building blocks that cascad...

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Adverum Biotechnologies

Biotechnology

Develops gene therapies targeting ocular diseases by inserting therapeutic DNA into retinal cells, reprogramming tissues to produce missing proteins t...

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Aerojet Rocketdyne

Aerospace & Defense

Forges rocket engines that convert chemical propellants into thrust, expelling exhaust at hypersonic speeds to lift payloads beyond Earth's gravitatio...

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AeroVironment, Inc.

Aerospace & Defense - Unmanned Systems

Builds lightweight drones that loiter above battlefields for hours, streaming video back to ground operators, extending human perception across hostil...

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Affirm

Financial Technology - BNPL

Affirm operates as a cleaner organism in the credit ecosystem, removing the parasitic elements (hidden fees, compound interest, late payment traps) th...

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Agenus Inc.

Biotechnology

Engineers cancer vaccines and cell therapies that train immune systems to recognize tumor antigens, priming T cells to hunt malignant cells hiding in...

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Agilent Technologies, Inc.

Life Sciences Tools & Diagnostics

Manufactures mass spectrometers and gene sequencers that detect molecules at parts-per-billion sensitivity, revealing hidden chemical signatures in bl...

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Air Transport Services Group

Transportation & Logistics

Operates freighter fleets that haul e-commerce packages and military cargo overnight, converting passenger aircraft into aerial supply chains serving...

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Alarm.com Holdings, Inc.

Security Software & IoT

Alarm.com is a leading cloud-based platform for smart security and IoT devices. The company provides interactive security, video monitoring, intellige...

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Albany International Corp.

Industrial Materials & Textiles

Weaves engineered fabrics for paper mills and aerospace composites, producing endless belts that convey pulp slurries and carbon-fiber preforms throug...

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Alexander & Baldwin, Inc.

Real Estate Investment Trust - Retail

Alexander & Baldwin is Hawaii's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. The company...

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Allegheny Technologies Incorporated

Specialty Materials & Metal Fabrication

Allegheny forges titanium and nickel alloys that survive inside jet engines and nuclear reactors - materials for environments that would melt ordinary...

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Allogene Therapeutics

Biotechnology

Allogene mass-produces cancer-fighting cells from healthy donors like aphids clone armies without sex - one genetically modified T-cell becomes thousa...

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Alpha and Omega Semiconductor

Semiconductors

Alpha and Omega makes power semiconductors like mitochondria manage cellular energy - MOSFETs and power ICs control electron flow, converting and dist...

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Altair Engineering Inc.

Software - Engineering & Simulation

Altair Engineering is a global technology company providing software and cloud solutions in simulation, high-performance computing, and artificial int...

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AMAG Pharmaceuticals

Pharmaceuticals

Focuses on maternal health and anemia treatments like cleaner shrimp specializing in one service—iron deficiency therapy and women's health. Narrow fo...

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Ambarella, Inc.

Semiconductors - AI & Video Processing

Ambarella develops advanced semiconductor solutions that enable high-definition video and artificial intelligence processing. The company's system-on-...

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AMC Entertainment

Entertainment - Movie Theaters

AMC Entertainment is the largest movie theater chain in the world, surviving near-bankruptcy during the pandemic through retail investor support.

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Amedisys Inc.

Healthcare Services

Amedisys brings healthcare to dying patients at home like elephants tend to their old - hospice care recognizes that sometimes the herd slows down for...

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American Axle & Manufacturing

Auto Parts & Equipment

American Axle makes drivelines and axles for automakers like specialized organs serve the body - they don't build whole vehicles, just critical propul...

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American Eagle Outfitters, Inc.

Apparel Retail

American Eagle Outfitters is a leading retailer of jeans, apparel, accessories, and personal care products operating globally through its American Eag...

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American National Bankshares Inc.

Regional Banking

American National Bankshares is a financial holding company providing a full range of banking and related financial services. Through its subsidiary A...

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American Outdoor Brands

Consumer Goods

American Outdoor Brands equips hunters like wolves have evolved teeth and claws - guns, knives, camping gear are prosthetic predation tools. The compa...

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American Software

Software & Technology

American Software optimizes supply chains like organisms allocate scarce resources - deciding which tissues get glucose during famine. Their demand fo...

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Americas Car-Mart

Automotive Retail

America's Car-Mart feeds on what prime lenders reject - subprime buyers with damaged credit get used vehicles at high interest rates. Like vultures ci...

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Ameris Bancorp

Regional Banking

Ameris Bancorp is a bank holding company operating through its subsidiary Ameris Bank, offering a full range of banking services including consumer an...

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AmeriServ Financial

Regional Banking

AmeriServ is a Pennsylvania regional bank, endemic to mid-Atlantic communities like island species to their archipelago. Small territory, local knowle...

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Ames National Corporation

Regional Banking

Ames National Corporation is a multi-bank holding company providing traditional banking services through its community banks in Iowa. The company offe...

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Amicus Therapeutics

Biotechnology

Amicus targets lysosomal storage disorders - ultra-rare genetic diseases affecting hundreds of patients globally. Like orchids evolved for specific po...

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Amkor Technology

Semiconductors

Amkor packages semiconductor dies like turtle shells protect soft bodies - the chips inside are fragile silicon, packaging provides mechanical strengt...

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Amphastar Pharmaceuticals, Inc.

Pharmaceutical Manufacturing

Amphastar makes emergency drugs like naloxone and epinephrine - molecules that trigger survival responses in crisis moments. Their generic injectables...

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AmSurg Corp.

Healthcare Services - Ambulatory Surgery

AmSurg carves out surgical procedures from hospitals like specialist predators take only choice cuts. Outpatient surgery centers handle high-margin el...

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Amtech Systems

Semiconductor Equipment

Amtech builds tools that build chips - semiconductor equipment is second-order tool use, machines creating the substrate for computation. Like beavers...

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Andersons

Agriculture

Andersons moves grain and fertilizer like dung beetles recycle nutrients - rail cars haul crops from farms, plant nutrients return to fields. The comp...

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Angi Homeservices

Internet Services

Angi connects homeowners with contractors like fig trees host specialized wasps - the marketplace depends on both sides showing up. HomeAdvisor and Ha...

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AngioDynamics

Medical Devices

AngioDynamics makes vascular devices that navigate blood vessels - catheters threading through arteries to deliver treatment. Their minimally invasive...

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Anika Therapeutics

Biotechnology

Anika makes joint therapies for tissue healing - hyaluronic acid injections that cushion damaged cartilage. Their products are temporary scaffolding,...

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Anixter International Inc.

Industrial Distribution

Anixter distributes cables, wires, and fasteners - the connective tissue of industrial facilities. Like capillaries delivering oxygen, they move compo...

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Apogee Enterprises

Building Products

Apogee makes glass curtain walls for skyscrapers - architectural skin that lets light in while keeping weather out. Their building facades are selecti...

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AppFolio

Software

AppFolio manages property portfolios through cloud software - rent collection, maintenance tracking, tenant screening automated. Their platform is res...

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Applied Industrial Technologies, Inc.

Industrial Distribution

Applied Industrial distributes motion control and fluid power parts - bearings, pumps, valves flowing to manufacturers. Like capillaries delivering co...

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Apria Healthcare

Healthcare Services

Apria delivers home medical equipment - oxygen concentrators, CPAP machines, wheelchairs to chronic patients. The company is distributed care infrastr...

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Aptiv PLC

Automotive Technology & Components

Aptiv is a global technology company enabling the future of mobility through advanced safety, electrification, and vehicle connectivity solutions. The...

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ArcBest Corporation

Transportation & Logistics

ArcBest hauls freight through networks of trucks and terminals - less-than-truckload shipping that consolidates small shipments. Their logistics is ef...

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Archrock

Oil & Gas Equipment

Archrock compresses natural gas for transport - pumping stations that move methane through pipelines. Their equipment creates circulatory pressure, fo...

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Arcosa, Inc.

Infrastructure & Construction Products

Arcosa builds infrastructure components - wind towers, utility poles, railcars, barges, aggregates. Their products are skeletal infrastructure, the bo...

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Arcturus Therapeutics

Biotechnology

Arcturus develops mRNA medicines with lipid nanoparticle delivery - genetic instructions packaged in fatty bubbles that slip into cells. Their platfor...

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Ardelyx Inc.

Biotechnology

Ardelyx makes drugs for kidney patients - treating hyperkalemia and phosphate management in chronic renal disease. Their therapies work in the gut, bi...

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Argan

Construction & Engineering

Argan builds natural gas power plants - engineering, procurement, construction for energy infrastructure. Their projects are ecosystem construction, e...

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Arhaus

Home Furnishings Retail

Arhaus sells premium home furniture with sustainability marketing - artisan-crafted pieces at high prices. The brand is costly signaling for homeowner...

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Aris Water Solutions

Energy Services

Aris recycles produced water in Permian oil fields - treating and reusing wastewater from fracking. Their systems are closed-loop resource management,...

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Arlo Technologies

Consumer Electronics

Arlo makes wireless security cameras - battery-powered surveillance watching homes remotely. Their products are distributed sensing, eyes monitoring p...

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Armstrong Flooring

Building Products

Armstrong Flooring operates like bark on a tree—protective layers that shield what's beneath while adapting to wear. Their vinyl and hardwood products...

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Arrow Financial Corporation

Regional Banking

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving northeastern New York. Through its subsidi...

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Artesian Resources Corporation

Water Utilities

Like a tree's xylem vessels drawing groundwater upward through capillary action, Artesian pumps Delaware's aquifers to homes and businesses. They're t...

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Artisan Partners

Asset Management

Artisan hunts like a specialist raptor—studying prey patterns, waiting for the perfect moment, then striking with precision. Their concentrated portfo...

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AST SpaceMobile

Communication Services

Orbits overhead like artificial moons, beaming cellular signals down to earth, connecting remote territories where ground infrastructure cannot reach.

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Astec Industries, Inc.

Construction & Road Building Equipment

Astec builds the machines that tear up and rebuild roads—asphalt plants, crushers, pavers. Like dung beetles processing waste into resource, their equ...

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Astronics Corporation

Aerospace & Defense Electronics

Astronics builds the nervous system for aircraft—power distribution, lighting controls, connectivity. Like the electrical signals coordinating a squid...

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Atara Biotherapeutics

Biotechnology

Atara engineers T-cells into off-the-shelf cancer killers—allogeneic warriors that attack tumors in any patient. Like bacteriophages reprogrammed to h...

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Atkore International

Electrical Equipment

Atkore manufactures the protective conduits that shield electrical wiring—metal and plastic sheaths that prevent damage like bark protecting a tree's...

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Atlantic Union Bankshares Corporation

Regional Banking

Atlantic Union Bankshares is the holding company for Atlantic Union Bank, a regional bank serving Virginia and portions of Maryland and North Carolina...

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Avanos Medical, Inc.

Medical Devices

Avanos creates medical devices for pain management and digestive health—products that interface with the body like prosthetic organs. Their feeding tu...

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Avid Technology

Software & Technology

Avid builds tools for video and audio editors—software that manipulates media like a bower bird arranging its display. Their Pro Tools and Media Compo...

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Avidity Biosciences

Biotechnology

Avidity engineers RNA therapeutics with targeting ligands—combining oligonucleotides with cell-specific delivery like guided missiles. Their AOCs bind...

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Avient Corporation

Specialty Chemicals & Materials

Avient formulates specialized polymers—color concentrates, additives, compounds that modify plastic properties like enzymes catalyzing reactions. They...

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Avista

Utilities

Avista delivers electricity and gas across the Pacific Northwest—mountain watersheds powering hydro turbines, pipelines threading through forests. The...

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Axalta Coating

Chemicals

Axalta formulates protective coatings—paints and finishes that shield surfaces from corrosion, UV damage, abrasion. Like tree bark protecting cambium...

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Axalta Coating Systems Ltd.

Specialty Chemicals - Coatings

Axalta manufactures automotive and industrial coatings—chemical barriers that prevent rust and wear like the mucus layer protecting fish skin. Their f...

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Axcelis Technologies

Semiconductor Equipment

Axcelis builds ion implantation tools that bombard silicon wafers with ions—doping semiconductors like radiation mutations create genetic variants. Th...

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Axon Enterprise, Inc.

Law Enforcement Technology

Axon is a network of devices, apps, and people that helps police and public safety personnel become smarter and safer. The company is known for develo...

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Axonics Inc.

Medical Devices

Axonics implants devices that electrically stimulate sacral nerves—controlling bladder and bowel function like pacemakers regulate heartbeats. Their n...

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B&G Foods

Packaged Foods

B&G Foods owns a pantry of shelf-stable brands—pickles, spices, sauces that survive without refrigeration like tardigrades in dormancy. Their products...

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Balchem

Specialty Chemicals

Balchem produces specialty ingredients—encapsulated nutrients, chelated minerals, animal feed additives. They engineer molecular delivery systems that...

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Banc of California, Inc.

Regional Banking

Banc of California is a bank holding company operating through its subsidiary Banc of California, N.A., serving businesses and individuals throughout...

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BancFirst Corporation

Regional Banking

BancFirst is an Oklahoma-based bank holding company providing a full range of commercial banking services through its subsidiary BancFirst. The compan...

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Bank of Marin Bancorp

Regional Banking

Bank of Marin Bancorp is the holding company for Bank of Marin, a California-based community bank serving the San Francisco Bay Area. The company prov...

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Bank OZK

Banking

Bank OZK specializes in real estate lending—construction loans, commercial property finance across the Sun Belt. They're habitat specialists, concentr...

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Banner Corporation

Regional Banking

Banner survives as a regional bank by occupying thermal refugia - local markets where megabanks overheat from complexity costs.

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Barnes Group Inc.

Industrial Manufacturing & Aerospace

Industrial manufacturer Barnes Group operates like wood frog in freeze-thaw cycles - protecting core aerospace revenue while peripheral divisions hibe...

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Beacon Roofing

Building Materials Distribution

Roofing distributor consolidating fragmented market through roll-up acquisitions - like hermit crab upgrading shells, each purchase adds protective sc...

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Beacon Roofing Supply

Building Materials Distribution

Supply distribution network operating as mycelial system - local branches sense demand, headquarters optimizes nutrient (inventory) flow to high-growt...

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BellRing Brands

Packaged Foods & Beverages

Protein shake maker BellRing pumps out products like R-selected species - rapid SKU proliferation across retail channels, accepting high failure rates...

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Beyond Meat

Food - Plant-Based

Beyond Meat creates plant-based meat substitutes designed to replicate taste and texture of animal meat.

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BioLife Solutions

Biotechnology

BioLife makes cell preservation media - enabling hibernation for shipped cells like wood frogs surviving frozen winters through specialized cryoprotec...

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BioTechne

Life Sciences Tools

Biotech tools supplier operating as resource provisioner - sells equipment to research labs like trees providing structure for epiphyte ecosystems.

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BJ's Restaurants

Restaurants

BJ's Restaurants occupies suburban retail centers—casual dining with brewhouse identity. They're habitat generalists, neither fast food nor fine dinin...

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BJ's Restaurants, Inc.

Casual Dining Restaurants

BJ's Restaurant operates like chain coral—standardized units that replicate successful formats. Their brewhouse concept clones itself across suburbs,...

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Black Box

IT Services

IT infrastructure firm Black Box maintains corporate networks like cleaner shrimp on coral - removes technical parasites, feeds on complexity wealthy...

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Black Hills Corporation

Utilities

Regional energy utility Black Hills operates as territorial monopoly - controlled geography creates natural boundaries where competition remains costl...

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Blackbaud

Software

Nonprofit software provider Blackbaud locks in customers like parasitic wasp - donor databases become so embedded that switching kills the host organi...

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Bloomin' Brands, Inc.

Casual Dining Restaurants

Restaurant group Bloomin Brands operates portfolio like mixed-age forest - Outback mature and cash-flowing, newer concepts in growth phase, dead brand...

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BlueLinx

Building Materials Distribution

Building products distributor BlueLinx operates as nutrient pipeline - transports materials from mills to contractors like xylem carrying water from r...

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Boot Barn Holdings, Inc.

Specialty Retail - Western Wear

Boot Barn is the nation's leading lifestyle retailer of western and work-related footwear, apparel, and accessories. The company operates over 380 sto...

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Boyd Gaming Corporation

Gaming & Casinos

Regional casino operator Boyd Gaming defends local territories - neighborhood properties create home-field advantage against Strip competitors requiri...

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Brady Corporation

Industrial Manufacturing

Industrial label maker Brady profits from compliance mandates - safety regulations create obligate demand like flowering plants depending on specific...

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Bread Financial Holdings

Financial Services

Private label credit provider Bread Financial operates as commensal - attaches to retailer checkout flows, feeding on transaction volume without compe...

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Bridge Bancorp, Inc.

Regional Banking

Bridge Bancorp is the parent company of BNB Bank, a community-oriented financial services company serving Long Island and the greater New York metropo...

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Bridger Aerospace

Aerospace Services

Aerial firefighting company Bridger operates as emergency predator - lying dormant until fire outbreaks trigger contracts, like ambush hunters waiting...

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Bridgewater Bancshares

Regional Banking

Regional bank Bridgewater grows through acquisition digestion - absorbs community banks like amoeba engulfing prey, integrating assets into larger org...

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Bright Horizons Family Solutions Inc.

Child Care & Education Services

Corporate childcare provider Bright Horizons embeds in employers like endosymbiont - HR integration makes extraction costly, creating sticky B2B relat...

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Bright Mountain Media

Digital Media

Podcast network operating as talent aggregator - coordinates independent creators like bee colony, extracting value from coordinated pollination acros...

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Brookline Bancorp, Inc.

Regional Banking

Brookline Bancorp is a bank holding company serving customers throughout New England with a full range of banking services. Through its bank subsidiar...

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Brooks Automation

Automation & Robotics

Automates semiconductor fabrication like leafcutter ants farming fungus—robotic systems cultivate wafer gardens in cleanroom conditions. Life sciences...

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Brunswick Corporation

Marine Recreation Products

Marine and fitness conglomerate shifting between environments like an octopus—boat engines, bowling equipment, billiards, fitness gear. Each division...

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Bryn Mawr Bank Corporation

Regional Banking

Bryn Mawr Bank Corporation is a bank holding company providing full-service retail and commercial banking, trust, wealth management, and insurance ser...

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BWX Technologies, Inc.

Nuclear Technology & Services

BWX Technologies is a leading supplier of nuclear components and fuel to the U.S. government and provides technical and management services to support...

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C.H. Robinson Worldwide

Transportation & Logistics

Logistics broker mapping optimal freight paths like slime mold finding food—connecting shippers with carriers through algorithmic tendrils. Digital pl...

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Calavo Growers

Food Distribution

Avocado grower cooperative pooling harvests from California, Mexico, Peru—sourcing across hemispheres to supply year-round. Seasonal migration mirrors...

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Caleres, Inc.

Footwear Manufacturing & Retail

Caleres is a leading footwear company managing a portfolio of iconic brands including Famous Footwear, Sam Edelman, Naturalizer, Dr. Scholl's Shoes, a...

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Calix

Telecommunications Equipment

Broadband equipment maker building internet infrastructure—fiber optics, cloud platforms enabling rural ISPs. Acts like coral skeleton: providing stru...

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Callon Petroleum

Oil & Gas Exploration

Permian Basin driller extracting oil from Texas shale—horizontal wells sipping trapped hydrocarbons. Operates like wood-boring beetles: tunneling thro...

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Camping World Holdings

Specialty Retail

RV retailer serving modern nomads—selling mobile hermit shells with plumbing, electricity, climate control. Superstores become tribal gathering points...

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Capital City Bank Group, Inc.

Regional Banking

Capital City Bank Group is a financial holding company headquartered in Tallahassee, Florida, providing a full range of banking and financial services...

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Capital Southwest Corporation

Investment Management

Business development company funding small-cap enterprises—patient capital acting like seed dispersal, some investments germinating into profitable ex...

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Cardtronics

Financial Services

ATM operator placing cash-dispensing waterholes where liquidity-seekers congregate—gas stations, convenience stores, bars. Each machine a mineral lick...

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Career Education Corporation

Education Services

For-profit college teaching vocational skills—nursing, culinary, IT certifications targeting career-switchers. Acts like apprenticeship guilds: transm...

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Carlisle Companies

Diversified Manufacturing

Industrial conglomerate making roofing, brakes, aerospace components—specialized divisions dominating narrow niches. Acquisition strategy mirrors tool...

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Carpenter Technology Corporation

Specialty Materials & Metals

Specialty metals manufacturer engineering alloys surviving extreme conditions—jet engines, medical implants, oil drilling requiring heat resistance. M...

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Cars.com

Internet Services

Auto marketplace connecting buyers with dealers—listings, reviews, financing tools aggregated. Revenue model mirrors bee pollination: dealers pay for...

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Carter's, Inc.

Children's Apparel

Carter's dominates infant apparel like barnacles claiming prime tidal rock - first-mover on baby retail, deploying multiple brands (OshKosh, Skip Hop)...

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Carvana

E-Commerce - Vehicles

Carvana demonstrates autophagy at corporate scale—the company nearly collapsed in 2022 under $7 billion debt, then consumed its own inefficiencies to...

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Casa Systems

Telecommunications Equipment

Casa builds broadband infrastructure like mycelium threading through soil - invisible conduits moving data nutrients between telecom providers and mil...

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Casella Waste Systems

Waste Management

Casella metabolizes Northeast waste like vultures cleaning carrion - converting refuse into methane energy and recycled materials, claiming exclusive...

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Casey's General Stores, Inc.

Convenience Stores

Casey's colonizes small Midwest towns like ant colonies staking satellite nests - 2,600 self-sufficient stores making pizza from scratch, converting l...

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Catalent, Inc.

Pharmaceutical Development & Manufacturing

Catalent incubates drugs for 7,000+ pharma partners like parasitoid wasps nurturing offspring - providing development cocoons and delivery tech where...

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Catalyst Pharmaceuticals

Biotechnology

Catalyst hunts rare neuromuscular diseases like archerfish targeting overlooked prey - small patient populations ignored by giants, where precision sh...

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Cathay General Bancorp

Regional Banking

Cathay serves Chinese-American communities like oxpeckers cleaning specific hosts - bilingual expertise and cultural fluency creating mutualistic bond...

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Cavco Industries, Inc.

Manufactured Housing

Cavco builds factory homes like termites constructing modular mounds - standardized components assembled into affordable dwellings, dominating the man...

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CBIZ

Professional Services

Business services firm acting as corporate cleaner-shrimp—handling accounting, benefits, insurance while clients focus on core operations. Removes par...

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CBRE Clarion

Asset Management

Real estate investment arm pooling capital across property types—office, retail, industrial diversification spreading risk. Functions like mycorrhizal...

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CDW Corporation

IT Solutions & Services

IT solutions aggregator connecting enterprises with tech vendors—servers, software, cloud services delivered through single throat to choke. Acts as c...

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Celanese Corporation

Specialty Chemicals

Celanese synthesizes acetyl chemicals and polymers like chemosynthetic bacteria at hydrothermal vents - converting raw molecules into engineered mater...

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Celldex Therapeutics

Biotechnology

Celldex engineers antibody therapeutics like training predatory wasps to hunt specific prey - teaching proteins to recognize and bind cancer cells the...

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Central Bancompany

Regional Banking

Central Bancompany roots across Missouri like prairie dog colonies - dispersed branches with deep local knowledge, surviving regional shocks through r...

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Century Aluminum

Metals & Mining

Century Aluminum smelts primary aluminum like extremophile bacteria processing heat - energy-intensive facilities in US and Iceland converting bauxite...

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Century Casinos

Gaming & Leisure

Century Casinos operates gaming sites across continents like trapdoor spiders waiting - fixed facilities extracting revenue from entertainment-seeking...

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Century Communities, Inc.

Homebuilding

Century Communities builds entry-level homes across 17 states like beavers damming streams - standardized construction creating affordable housing whe...

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CEVA

Semiconductor IP

Contract logistics provider attaching to corporate supply chains—managing warehouses, transport, inventory for brands focused on products. Swims along...

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ChargePoint

Clean Energy - EV Charging

ChargePoint operates one of the world's largest EV charging networks with over 200,000 charging points.

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Chart Industries

Industrial Equipment

Chart manufactures cryogenic equipment like Arctic organisms storing energy - supercooled vessels containing LNG, hydrogen, and industrial gases at ex...

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Chegg

Education Technology

Chegg provides student services like pilot fish following sharks - homework help, textbook rentals, tutoring riding alongside education institutions,...

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Chemed Corporation

Healthcare Services & Home Services

Chemed combines hospice care (VITAS) and plumbing (Roto-Rooter) like organisms serving opposite life stages - comforting the dying while fixing homes...

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Cherry Hill Mortgage Investment

Real Estate Investment

Cherry Hill invests in mortgage securities like squirrels hoarding acorns - buying residential mortgage-backed securities and servicing rights, earnin...

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Chesapeake Utilities Corporation

Natural Gas & Electric Utilities

Chesapeake Utilities distributes natural gas and electricity like vascular systems - transmission pipelines and distribution networks delivering energ...

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Chewy

E-Commerce - Pet Products

Chewy is the largest online retailer of pet products in the United States, competing with Amazon in pet category.

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Chico's FAS

Apparel Retail

Chico's operates three brands (Chico's, White House Black Market, Soma) like adaptive radiation - each targeting distinct women's fashion segments, po...

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Children's Place

Retail

Children's Place sells kids apparel like organisms exploiting early life stages - focusing exclusively on children 0-10, capturing parents during high...

russell2000

Chipotle Mexican Grill, Inc.

Fast Casual Restaurants

Chipotle positions fast-casual Mexican food like species claiming quality niche - fresh ingredients and higher prices differentiating from fast food,...

russell2000

Choice Hotels International, Inc.

Hotel Franchising

Choice Hotels franchises brands (Comfort, Quality, Clarion) like coral spawning polyps - asset-light model licensing hotel identities to independent o...

russell2000

Churchill Downs Incorporated

Gaming & Horse Racing

Churchill Downs owns Kentucky Derby and casinos - horse racing's most prestigious event creating annual status ritual, gaming properties extracting va...

russell2000

Chuy's Holdings, Inc.

Casual Dining Restaurants - Mexican

Chuy's operates Mexican restaurants with unique local decor - each location decorated differently like decorator crabs, made-from-scratch food positio...

russell2000

Ciena Corporation

Telecommunications Equipment

Ciena provides telecom infrastructure like root systems enabling forests - optical and packet networking equipment carriers depend on, invisible backb...

russell2000

Cincinnati Financial Corporation

Insurance

Cincinnati Financial underwrites property-casualty through independent agencies - pooling premiums across business lines, distributing through agent n...

russell2000

Cinemark Holdings, Inc.

Movie Theaters

Cinemark operates 500+ theaters like territorial species claiming catchments - each location monopolizing movie exhibition in radius, collecting rent...

sp500, russell2000

Cirrus Logic

Semiconductors

Cirrus Logic designs audio chips for smartphones - specialized semiconductors processing sound in iPhones and devices, narrow focus on signal processi...

russell2000

Civitas Resources

Oil & Gas Exploration

Civitas extracts oil and gas from DJ Basin - Colorado drilling operations converting underground hydrocarbons into marketable energy, hydraulic fractu...

russell2000

Clean Energy Fuels Corp.

Alternative Energy

Clean Energy Fuels provides natural gas for vehicles - compressed and liquefied natural gas stations serving fleet operators, cleaner-burning fossil a...

russell2000

Clean Harbors, Inc.

Environmental Services

Clean Harbors handles hazardous waste like decomposers processing toxins - industrial waste management and environmental cleanup services, treating an...

russell2000

Clearwater Analytics

Financial Software

Clearwater provides investment accounting software - institutional asset managers outsourcing portfolio accounting and reporting, SaaS platform aggreg...

russell2000

CNO Financial Group

Insurance - Health

Life insurance provider pooling mortality risk across policyholders—healthy subsidize sick, young subsidize old. Functions like prairie dog alarm call...

russell2000

Coca-Cola Bottling Co. Consolidated

Beverages - Non-Alcoholic

Coca-Cola Consolidated operates like ant colony distribution networks - centralized formula production, distributed bottling and delivery, territorial...

russell2000

Cohen & Steers

Asset Management

Cohen & Steers hoards real assets - real estate securities, infrastructure, natural resources. Like squirrels caching acorns for winter, they stockpil...

russell2000

Coherent

Industrial Technology

Coherent focuses photons into industrial cutting tools and scientific instruments - concentrated light energy that slices metal or excites molecules....

russell2000

Coherent Corp (formerly II-VI)

Semiconductors

Coherent Corp makes photonic materials that enable light manipulation across wavelengths - the substrates that turn photons into signals. Like transpa...

russell2000

Coherus BioSciences

Biotechnology

Coherus builds biosimilars - molecular mimics of expensive biologics that fool the immune system into equivalent responses. Like Batesian mimicry wher...

russell2000

Columbia Banking System, Inc.

Regional Banking

Columbia Banking System is a bank holding company operating through its subsidiary Columbia Bank, serving the Pacific Northwest with community banking...

russell2000

Columbia Sportswear

Apparel & Footwear

Columbia Sportswear diversified beyond its flagship brand into Sorel boots, Mountain Hardwear, and prAna - a portfolio strategy that hedges across pri...

russell2000

Comerica Inc.

Regional Banking

Comerica focuses on middle-market businesses in Texas, California, and Michigan - regional concentration in high-growth markets. Like territorial fish...

russell2000

Comfort Systems

Construction Services

Comfort Systems installs HVAC for commercial buildings - the circulatory and respiratory systems that make indoor environments habitable. Like termite...

russell2000

CommScope Holding Company, Inc.

Telecommunications Infrastructure

CommScope manufactures the physical layer of communication networks - fiber optic cables, wireless antennas, and copper infrastructure that data trave...

russell2000

Community Bank System, Inc.

Regional Banking

Community Bank System is a financial holding company providing banking and financial services through Community Bank, N.A. and other subsidiaries acro...

russell2000

Compass Diversified

Private Equity

Compass Diversified owns industrial brands across unrelated sectors - gun safes, tactical apparel, ammunition - where cross-subsidies buffer cyclical...

russell2000

Computer Programs and Systems

Healthcare IT

CPSI sells hospital software to rural and community hospitals - markets too small for Epic and Cerner to service profitably. Like species thriving in...

russell2000

CompX International Inc.

Industrial Components Manufacturing

CompX manufactures security locks and ergonomic slides for office furniture - niche hardware disappearing into finished products. Like nitrogen-fixing...

russell2000

Concentrix Corporation

Business Process Outsourcing

Concentrix operates call centers and back-office processes companies want off balance sheets - tedious customer service outsourced to lower-cost locat...

russell2000

Concrete Pumping Holdings

Construction Services

Concrete Pumping deploys truck-mounted pumps moving wet concrete from mixers to sites through hydraulic pressure. Like xylem vessels transporting wate...

russell2000

Conduent

Business Services

Conduent processes government transactions - toll collection, unemployment claims, Medicaid enrollment - bureaucratic plumbing states want privatized....

russell2000

Conn's

Specialty Retail

Conn's sells furniture and appliances on credit to subprime customers who can't access traditional financing. Like remoras attached to sharks, Conn's...

russell2000

Construction Partners

Construction & Engineering

Construction Partners paves roads across the Southeast - asphalt production and placement that creates hardened arteries for vehicle movement. Like le...

russell2000

Continental Building Products

Building Materials

Continental Building Products cooks gypsum into wallboard - hydrated calcium sulfate sheets that become interior walls. Like coral polyps secreting ca...

russell2000

Cooper Tire & Rubber Company

Tire Manufacturing

Cooper Tire molds rubber into pneumatic cushions that absorb road shock while maintaining traction - engineered interfaces between vehicles and asphal...

russell2000

Cooper-Standard Holdings

Auto Parts & Equipment

Cooper Standard manufactures automotive seals - rubber gaskets that create boundaries between air, water, and sound. Like cell membranes with selectiv...

russell2000

Copart

Commercial Services

Copart auctions wrecked and totaled vehicles to salvage buyers who harvest parts and scrap metal. Like hyenas cracking bones after lions finish, Copar...

russell2000

CoreCard Corporation

Financial Technology

CoreCard builds white-label card processing engines that banks rebrand as their own - the substrate layer beneath consumer-facing payment apps. Like m...

russell2000

CoreLogic

Data & Analytics

CoreLogic aggregates property records, tax assessments, and flood risk into datasets that real estate can't function without. Like honeybees that scou...

russell2000

Cornerstone Building Brands, Inc.

Building Products Manufacturing

Cornerstone makes vinyl siding, metal roofing, and trim - the commodity exterior that wraps tract housing and commercial boxes. Like earthworms that p...

russell2000

Cornerstone OnDemand

Human Resources Technology

Cornerstone tracks employee skills, training compliance, and performance reviews - institutional memory for human capital management. Like chimpanzees...

russell2000, Private

Corsair Gaming

Consumer Electronics

Corsair sells RGB keyboards, high-DPI mice, and liquid cooling rigs to gamers who treat hardware as identity signaling. Like bowerbirds that decorate...

russell2000

Covenant Logistics

Transportation & Logistics

Covenant hauls refrigerated freight across highways - optimizing routes where fuel, driver hours, and cargo value create complex constraints. Like wil...

russell2000

Covetrus

Animal Health

Covetrus distributes pharmaceuticals, diagnostics, and surgical supplies to veterinary clinics - the logistics layer beneath pet healthcare. Like clea...

russell2000

Cracker Barrel Old Country Store, Inc.

Casual Dining Restaurants & Retail

Cracker Barrel clusters locations along interstate highways where road-trip families need predictable meals - territorial restaurant strategy. Like sp...

russell2000

Crawford & Company

Insurance Services

Crawford adjusts insurance claims - third-party verification where carriers won't trust policyholders to self-report damages. Like cleaner fish that i...

russell2000

Credence Resource Management LLC

Business Process Outsourcing

Credence manages timber harvests, wildlife surveys, and habitat restoration for landowners navigating environmental regulations. Like beavers whose da...

russell2000

Crocs

Apparel & Footwear

Crocs operates like a cuttlefish deploying adaptive camouflage—what started as utilitarian foam footwear ridiculed for aesthetics became cultural curr...

russell2000

Cross Country Healthcare

Healthcare Staffing

Cross Country places travel nurses and temporary therapists where hospitals face staffing shortages - nomadic labor that fills gaps. Like cuckoos that...

russell2000

Cryoport

Life Sciences Logistics

Like the alaskan wood frog freezing solid each winter, Cryoport suspends cellular time itself. Its cryogenic supply chain moves gene therapies at -150...

russell2000

CSG Systems

Software

Billing software provider grooming telecom and cable companies—managing subscriber accounts, usage tracking, payment processing. Removes backend paras...

russell2000

CubeSmart

Real Estate Investment Trust - Self Storage

CubeSmart is a leading self-storage real estate investment trust owning and operating self-storage properties across the United States. The company pr...

russell2000

Cubic Corporation

Aerospace & Defense

Cubic builds defense training systems like the archerfish perfecting its hunting - iterative simulation creating muscle memory without live ammunition...

russell2000

Cullen/Frost Bankers, Inc.

Regional Banking

Cullen/Frost Bankers is a financial holding company and one of the 50 largest U.S. banks by asset size. Through its subsidiary Frost Bank, the company...

russell2000

CURO Group

Consumer Finance

Payday lender extracting blood from paycheck-to-paycheck hosts—short-term loans at triple-digit APRs. Feeds on financial desperation like ticks detect...

russell2000

Curtiss-Wright Corporation

Aerospace & Defense - Components

Curtiss-Wright builds aerospace components with the redundancy of vital organs - backup systems for backup systems, because failure at altitude means...

russell2000

Customers Bancorp

Banking

Customers Bancorp thrives in the cracks between giants, specializing in multi-family lending like remoras feeding where sharks won't bother. Its niche...

russell2000

CVB Financial

Banking

California community bank serving Inland Empire businesses—commercial real estate, SBA loans, deposit accounts for local enterprises. Functions like p...

russell2000

CyberArk Software Ltd.

Cybersecurity Software

CyberArk guards privileged access like tortoises withdrawing into shells. Its identity security systems detect credential anomalies through signature-...

russell2000

Darden Restaurants

Restaurants

Darden operates restaurant chains like ant colonies farming aphids. Its Olive Garden and LongHorn Steakhouse brands extract predictable revenue from f...

sp500, russell2000

Dave & Buster's Entertainment

Entertainment & Dining

Dave & Buster's combines dining with arcades like flowers offering nectar to pollinators. Its business model cross-subsidizes: restaurant margins fund...

russell2000

Deckers Outdoor Corporation

Footwear & Apparel

Deckers owns footwear brands like a herd maintaining territory. Its UGG, HOKA, and Teva lines target different niches - luxury comfort, performance ru...

russell2000

Deluxe Corporation

Business Services

Deluxe prints checks as physical decay accelerates. Its legacy business processes paper payment instruments even as digital transfers render them obso...

russell2000

Denny's Corporation

Restaurants

Denny's Corporation franchises and operates full-service restaurant chains across North America. Known for its 24-hour service model, the company oper...

russell2000

Desktop Metal

Industrial Equipment

Desktop Metal prints metal parts through additive layers like coral polyps secreting calcium carbonate. Its 3D printers build components from metal po...

russell2000

Diebold Nixdorf

Financial Technology

Diebold makes ATMs as cash usage declines. Its machines dispense physical currency even as digital payments grow - mechanical dinosaurs serving shrink...

russell2000

Digital Turbine

Mobile Technology

Digital Turbine pre-installs apps on new Android phones like parasites colonizing hosts. Its software comes bundled with devices, manufacturers earnin...

russell2000

DigitalOcean Holdings

Cloud Computing

DigitalOcean is a cloud infrastructure provider serving developers, startups, and small and medium-sized businesses. The company offers simple, afford...

russell2000

Dillard's Inc.

Retail

Dillard's operates department stores as retail fossils. Its mall-based format persists in secondary markets where online competition remains weaker -...

russell2000

Diodes Incorporated

Semiconductors

Diodes manufactures semiconductors like ribosomes synthesizing proteins. Its fab facilities etch silicon wafers into transistors, mass production of t...

russell2000

Donaldson Company

Industrial Equipment

Donaldson filters contaminants from industrial fluids. Its products trap particles before they damage engines and turbines, membrane technologies sepa...

russell2000

Donnelley Financial Solutions

Financial Software

Donnelley publishes regulatory filings for corporations. Its services translate financial results into SEC-compliant documents, XBRL tagging and distr...

russell2000

Dorman Products

Auto Parts

Dorman Products is a supplier of automotive replacement parts, hardware, and fasteners to the automotive aftermarket. The company provides OEM-quality...

russell2000

Douglas Dynamics

Industrial Equipment

Douglas Dynamics manufactures snowplows that clear northern roads. Its equipment attaches to trucks, hydraulic blades scraping asphalt clean after bli...

russell2000

DraftKings

Gaming - Sports Betting

DraftKings operates as an invasive species exploiting newly opened ecological niches—state-by-state sports betting legalization since 2018. The compan...

russell2000

Drake Software

Software & Technology

Hibernates through summer, then explodes into frenetic activity each tax season—bear-like hyperphagia concentrated in Q1, banking resources for the lo...

russell2000

Driven Brands Holdings

Automotive Services

Fifteen franchise brands operate from one back-office colony—termite mound efficiency where shared infrastructure lets each service line focus purely...

russell2000

Duck Creek Technologies

Insurance Software

Duck Creek Technologies provides software solutions for property and casualty insurance carriers and agencies. The company offers core systems, data a...

russell2000

Duluth Holdings (Duluth Trading)

Apparel Retail

Engineer-tested garments built for punishment—arctic fox resilience in fabric form, premium pricing signals durability to contractors who calculate co...

russell2000

Dunkin' Brands Group

Restaurants

Two brands share supply chains—Dunkin dominates mornings, Baskin-Robbins afternoons. Fig-tree strategy: multiple revenue streams from one operational...

russell2000

Dutch Bros

Restaurants - Coffee

Dutch Bros demonstrates cultural transmission at commercial scale, operating 982 drive-through locations across 18 states that generated $1.3 billion...

russell2000

DXC Technology

IT Services

DXC transforms legacy IT systems through controlled demolition and reconstruction. Its consultants dismantle old architectures while maintaining busin...

russell2000

Dycom Industries

Construction & Engineering

Dycom Industries is a provider of specialty contracting services throughout the United States. The company designs, builds, and maintains telecommunic...

russell2000

Dynavax Technologies

Biotechnology

Develops vaccines by engineering immune system responses—teaching the body to recognize threats like teaching birds alarm calls. Adjuvant technology a...

russell2000

Dynex Capital

REIT

Mortgage REIT arbitraging the yield curve—capturing spread between short-term borrowing and long-term lending like intertidal organisms exploiting tid...

russell2000

e.l.f. Beauty

Cosmetics

e.l.f. Beauty is a cosmetics brand offering affordable, high-quality makeup, skincare, and beauty tools. The company markets its products primarily th...

russell2000

Eagle Bancorp

Regional Banking

Eagle Bancorp is the holding company for EagleBank, which provides commercial and consumer banking services in the Washington, D.C. metropolitan area....

russell2000

Eagle Pharmaceuticals

Pharmaceuticals

Hospital injectable drugs, focusing on acute care—rapid-acting compounds like venom chemistry, designed for immediate physiological response. Critical...

russell2000

Eastern Bankshares

Regional Banking

Massachusetts regional bank with branch density—localized deposit gathering like root systems mining specific soil patches. Community banking model re...

russell2000

EastGroup Properties

REIT - Industrial

Sunbelt industrial warehouses targeting high-growth metros—geographic concentration in warming regions like species migrating poleward with climate ch...

russell2000

Ebix Inc.

Insurance Software

Ebix is an international supplier of on-demand infrastructure exchanges to the insurance, financial, and healthcare industries. The company provides s...

russell2000

EchoStar Corporation

Telecommunications

EchoStar Corporation is a provider of satellite communication solutions for government and enterprise customers. The company designs, develops, and op...

russell2000

El Pollo Loco Holdings

Restaurants

El Pollo Loco is a restaurant chain specializing in fire-grilled chicken prepared with authentic Mexican-inspired recipes. The company operates compan...

russell2000

Element Solutions

Specialty Chemicals

Specialty chemicals for electronics and industrial coatings—niche formulations like enzymes catalyzing specific reactions. Circuit board plating, auto...

russell2000

Ellington Financial

Financial Services

Mortgage REIT managed externally—leveraged bets on residential mortgages like parasites dependent on host health. Agency and non-agency MBS arbitrage.

russell2000

Emergent BioSolutions

Biotechnology

Biodefense vaccines and therapeutics—anthrax vaccine monopoly and pandemic prep contracts. Government-dependent revenue like cleaner fish dependent on...

russell2000

Employers Holdings

Insurance

Workers' compensation insurance for small businesses—risk pooling in niche markets like mutual defense in prey species. Regional focus avoids mega-car...

russell2000

Enact Holdings

Insurance

Mortgage insurance spun from Genworth—backstopping lenders against borrower default like immune cells targeting pathogens. GSE-approved provider earni...

russell2000

Enanta Pharmaceuticals

Biotechnology

Antiviral drug discovery focused on hepatitis and respiratory infections—small molecule compounds targeting viral replication like predator toxins imm...

russell2000

Encompass Health

Healthcare Services

Inpatient rehabilitation hospitals for post-acute care—specialized facilities between ICU and home like intermediate predators in food webs. Physical...

russell2000

Encore Capital

Financial Services

Debt collection buying charged-off accounts at pennies on dollar—extracting value from defaulted loans like scavengers feeding on carcasses. Portfolio...

russell2000

Endo International

Pharmaceuticals

Generic pharmaceutical company plagued by opioid litigation—business model undermined by legal liability like parasites killing hosts. Bankruptcy and...

russell2000

Energy Services of America

Energy Services

Oil and gas well completion and intervention—specialized services for drilling operations like remora fish cleaning sharks. Fracking support and worko...

russell2000

EnerSys

Industrial Equipment

Industrial battery systems for forklifts and backup power—energy storage for mission-critical applications like fat reserves sustaining hibernation. L...

russell2000

Ennis Inc.

Printing Services

Commercial printing company producing forms and packaging—declining business as digital replaces paper like habitat loss threatening specialist specie...

russell2000

Enova International

Financial Technology

Subprime online lending to financially stressed borrowers—high-interest loans to desperate customers like predators targeting weakest prey. Payday alt...

russell2000

Enstar Group

Insurance

Insurance run-off specialist acquiring discontinued policies—profiting from legacy liabilities like vultures consuming carrion. Portfolio management e...

russell2000

Enviri

Environmental Services

Industrial services and recycling formerly Clean Harbors—waste management and environmental remediation like decomposers breaking down toxins. Renamed...

russell2000

Enviva Inc.

Renewable Energy

Wood pellet producer exporting to Europe—converting Southern US forests into biomass fuel like termites converting wood to energy. Controversial carbo...

russell2000

Esquire Financial Holdings

Regional Banking

Esquire Financial Holdings is a bank holding company offering commercial banking and payment processing services primarily to the legal industry and s...

russell2000

Etsy Inc.

E-commerce

Etsy operates a global online marketplace for unique and creative goods, connecting millions of buyers and sellers of handmade, vintage, and craft sup...

russell2000

Evercore Partners

Investment Banking

Evercore is an independent investment banking advisory firm providing financial advisory and asset management services. The company offers strategic,...

russell2000

EVERTEC

Financial Technology

Latin America payment processing—transaction infrastructure like capillary networks distributing resources. Regional monopoly on financial plumbing in...

russell2000

Evoqua Water Technologies

Water Technology

Filters and treats contaminated water through membrane separation and microbial breakdown, paralleling kidney filtration systems that remove waste whi...

russell2000

Exela Technologies

Business Services

Processes transaction documents at scale through automated scanning and data extraction, functioning like sensory organs that convert environmental st...

russell2000

ExlService Holdings

Business Process Services

Coordinates multiple service delivery subsidiaries through centralized oversight, functioning like a colonial organism where specialized polyps handle...

russell2000, sp400

Exponent

Engineering Consulting

Analyzes product failures and accidents through forensic reconstruction, tracing causation chains backward like predators reading tracks to understand...

russell2000

Extended Stay America

Hospitality

Provides temporary housing for weeks to months, creating transitional habitats that bridge short-term travel and permanent residence like staging grou...

russell2000

Extreme Networks

Networking Equipment

Extreme Networks is a provider of cloud-driven networking solutions. The company delivers wired and wireless network infrastructure, software, and ser...

russell2000

F5 Networks

Network Technology

Balances web traffic across server clusters to prevent overload, distributing computational demand like heart muscles that adjust blood flow based on...

russell2000

Fabrinet

Electronic Components

Contract manufacturer assembling optical components for telecom networks, routing photonic signals through precision-engineered pathways like xylem co...

russell2000

Fair Isaac Corporation (FICO)

Financial Software

Fair Isaac Corporation provides analytics software and services for decision management, including the FICO credit scoring system. The company helps b...

russell2000

Fastenal

Industrial Distribution

Industrial distributor stocking fasteners and supplies across thousands of on-site bins, caching inventory near consumption points like squirrels hidi...

russell2000

Federated Hermes

Asset Management

Asset manager deploying capital across bond and equity funds, diversifying holdings to buffer volatility like mixed-species flocks reducing predation...

russell2000

FGL Holdings

Insurance

Manages insurance portfolios by collecting premiums and paying claims, pooling risk across populations like herd immunity where individual exposure de...

russell2000

First American Financial

Title Insurance

First American Financial Corporation provides title insurance and settlement services to the real estate industry. The company offers title insurance...

russell2000

First Bancorp

Regional Banking

Puerto Rico banking corporation extending credit and deposit services across Caribbean territories. Branch network connects island communities through...

russell2000

First Busey Corporation

Regional Banking

Illinois-based bank holding company serving communities through relationship banking. Loan officers assess local borrowers, building knowledge of regi...

russell2000

First Business Financial Services

Commercial Banking

Wisconsin commercial bank specializing in business clients and medical professionals. Focused lending builds expertise in equipment financing and prac...

russell2000

First Commonwealth Financial

Regional Banking

Pennsylvania bank corporation operating community branches across mid-Atlantic states. Regional focus maintains local decision-making while sharing ba...

russell2000

First Financial Bancorp

Regional Banking

Ohio-based regional bank formed through serial acquisitions of smaller community banks. Integration teams merge core systems while preserving local br...

russell2000

First Financial Bankshares

Regional Banking

First Financial Bankshares is a financial holding company operating through its subsidiary, First Financial Bank, in Texas. The company provides comme...

russell2000

First Horizon

Regional Banking

Tennessee regional bank expanding from Memphis roots into southeastern markets. Wealth management and mortgage origination supplement commercial lendi...

russell2000

First Merchants Corporation

Regional Banking

Indiana bank corporation serving communities through relationship-focused banking. Decentralized lending authority lets branch managers approve loans...

russell2000

First Mid Bancshares

Regional Banking

Illinois-based bank holding company operating under regional brand names. Insurance and wealth management divisions cross-sell to core banking custome...

russell2000

Five Below

Retail

Discount retailer selling trend-driven products at $5 price point to teen customers. Buyers source directly from manufacturers, eliminating middlemen...

russell2000

Five9

Software

Cloud contact center software routing customer calls through algorithms that match inquiries to agent skills. Voice streams flow through data centers...

russell2000

Flagstar Bancorp

Regional Banking

Michigan bank operating as wholesale mortgage lender and retail branch network. Correspondent lending buys loans from other originators, aggregating v...

russell2000

Floor & Decor Holdings

Home Improvement Retail

Specialty retailer of hard surface flooring offering warehouse-style stores with extensive in-stock selection for contractors and homeowners.

russell2000

Flotek Industries

Oil & Gas Services

Oilfield technology company developing chemistry solutions for drilling and completion operations, specializing in complex nano-fluid applications.

russell2000

Fluor Corporation

Construction & Engineering

Engineering and construction firm delivering complex projects in energy, chemicals, mining, and infrastructure with global execution capabilities.

russell2000

FNB Corporation

Regional Banking

Channels deposits into loans for regional businesses and homeowners, recycling capital through local economies like nutrient cycles that move resource...

russell2000

Forward Air Corporation

Freight & Logistics

Forward Air is a provider of time-definite surface transportation and related logistics services to the North American expedited ground freight market...

russell2000

Franklin Financial Network

Regional Banking

Franklin Financial Network is a bank holding company operating through Franklin Synergy Bank in Tennessee and surrounding markets. The company provide...

russell2000

Freightos Limited

Freight & Logistics

Freightos operates a digital freight booking and payment platform connecting international shippers with freight forwarders and carriers. The company...

russell2000

Frontier Group Holdings (Frontier Airlines)

Airlines

Frontier Group Holdings is the parent company of Frontier Airlines, an ultra-low-cost carrier serving destinations throughout the United States and in...

russell2000

FTI Consulting

Consulting

Advises companies during financial crises and restructuring, diagnosing organizational dysfunction and prescribing corrections like stress responses t...

russell2000

Fulton Financial Corporation

Regional Banking

Fulton Financial is a financial holding company operating through its banking subsidiaries in Pennsylvania, Maryland, Delaware, New Jersey, and Virgin...

russell2000

GameStop

Retail - Video Games

GameStop is a video game retailer that became the center of a historic short squeeze in 2021. The company has been transforming toward e-commerce and...

russell2000

Gannett (GateHouse Media)

Media & Publishing

Gannett is a diversified media company operating local media organizations and digital marketing services across the United States. The company publis...

russell2000

GitLab

Technology / Software

The all-remote software company that proves distributed work isn't about Zoom - it's about intentional topology. GitLab is the exemplar of distribute...

russell2000

Glacier Bancorp

Regional Banking

Glacier Bancorp is a regional multi-bank holding company providing commercial banking services through its bank subsidiaries in the Western United Sta...

russell2000

Global Payments Inc.

Payment Processing

Global Payments is a payment technology and software company delivering payment processing and software solutions to merchants, financial institutions...

russell2000

GoodRx Holdings

Healthcare Technology

GoodRx is a consumer-focused digital healthcare platform that helps Americans find affordable and convenient healthcare. The company offers prescripti...

russell2000

GoPro Inc.

Consumer Electronics

GoPro is a technology company known for its action cameras and mountable and wearable camera accessories. The company develops and markets devices, so...

russell2000

H&R Block

Tax Services

H&R Block is a tax preparation company providing assisted and do-it-yourself tax services. The company helps clients complete income tax returns throu...

russell2000

Hamilton Lane

Asset Management

Hamilton Lane is a private markets investment management firm providing innovative solutions to institutional and private wealth investors. The compan...

russell2000

Hanger Inc.

Healthcare Services

Hanger is a provider of orthotic and prosthetic patient care services and distributes O&P devices and components. The company operates patient care cl...

russell2000

HealthEquity Inc.

Healthcare Services

HealthEquity is a provider of health savings accounts and other consumer-directed benefits. The company administers HSAs, flexible spending accounts,...

russell2000

HealthStream Inc.

Healthcare Technology

HealthStream is a provider of workforce and provider solutions for healthcare organizations. The company develops learning, clinical development, cred...

russell2000

Herbalife Nutrition

Nutritional Products

Herbalife Nutrition is a global multi-level marketing company that develops and sells dietary supplements, weight management, sports nutrition, and pe...

russell2000

Herc Holdings (Herc Rentals)

Equipment Rental

Herc Holdings is an equipment rental company providing solutions to customers through approximately 400 locations. The company rents aerial, earthmovi...

russell2000

Home BancShares

Regional Banking

Home BancShares is a bank holding company operating Centennial Bank, which provides a range of commercial and retail banking services. The company ser...

russell2000

HomeStreet Inc.

Regional Banking

HomeStreet is a diversified financial services company headquartered in Seattle serving the Pacific Northwest, California, and Hawaii. The company pro...

russell2000

Horizon Bancorp

Regional Banking

Horizon Bancorp is a bank holding company operating Horizon Bank, which provides commercial and retail banking services in northern and central Indian...

russell2000

Houlihan Lokey

Investment Banking

Houlihan Lokey is a global investment bank providing merger and acquisition, capital markets, financial restructuring, and valuation advisory services...

russell2000

i3 Verticals

Financial Services

i3 Verticals provides integrated payment and software solutions to small and medium-sized businesses and organizations in strategic vertical markets....

russell2000

IDEXX Laboratories

Healthcare

IDEXX Laboratories is a global leader in veterinary diagnostics, software, and water testing solutions. The company provides diagnostic products and s...

russell2000

iHeartMedia

Media & Entertainment

iHeartMedia's March 2018 bankruptcy collapsed America's largest radio broadcaster under $20 billion in debt from a 2008 LBO by Bain Capital and Thomas...

NASDAQ, russell2000

indie Semiconductor

Technology

indie Semiconductor designs and manufactures semiconductors and software solutions for advanced driver assistance systems and connected car applicatio...

russell2000

Instil Bio

Biotechnology

Instil Bio is a clinical-stage biopharmaceutical company focused on developing tumor-infiltrating lymphocyte (TIL) therapies for cancer treatment. The...

russell2000

Intellia Therapeutics

Biotechnology

Intellia Therapeutics is a leading genome editing company focused on developing CRISPR/Cas9-based therapeutics. The company's platform enables precise...

russell2000

Intercontinental Exchange

Financial Services

Intercontinental Exchange operates regulated exchanges, clearing houses, and data services for global financial and commodity markets. The company own...

russell2000

International Bancshares Corporation

Financial Services

International Bancshares Corporation is a multibank financial holding company with operations in Texas and Oklahoma. The company provides commercial a...

russell2000

Interpublic Group

Advertising

Interpublic Group is one of the world's leading organizations of advertising agencies and marketing services companies. The company operates through a...

russell2000

Invesco

Financial Services

Invesco is an independent investment management firm delivering investment strategies and solutions to retail and institutional clients globally. The...

russell2000

Ionis Pharmaceuticals

Biotechnology

Ionis Pharmaceuticals is a biopharmaceutical company focused on discovering and developing RNA-targeted therapeutics. The company's antisense technolo...

russell2000

Iron Mountain

Business Services

Iron Mountain provides storage and information management services for physical and digital records, data backup, and secure shredding. The company op...

russell2000

Itron

Technology

Itron is a technology and services company offering solutions that measure, manage, and analyze energy and water resources. The company provides smart...

russell2000

Janus Henderson Group

Financial Services

Janus Henderson Group is a global asset management company offering investment solutions including equities, fixed income, and multi-asset portfolios....

russell2000

Jefferies Financial Group

Financial Services

Jefferies Financial Group is a diversified financial services company engaged in investment banking, capital markets, and asset management. The compan...

russell2000

Jones Lang LaSalle

Real Estate

Jones Lang LaSalle is a leading professional services firm specializing in real estate and investment management. The company provides comprehensive r...

russell2000

Kadant

Industrial Machinery

Industrial termite colonies - machinery that breaks down wood fiber into paper pulp, separates waste from recyclables, and extracts water like xylem v...

russell2000

Kaiser Aluminum Corporation

Aluminum

Mimics bird bone architecture - aluminum extruded into hollow tubes and rolled into sheets with strength-to-weight ratios that let jets fly and cars a...

russell2000

Kaman Corporation

Aerospace & Defense

Dual circulatory systems - aerospace components flowing through defense contractors, industrial bearings distributed through maintenance supply chains...

russell2000

Kayne Anderson Energy Infrastructure Fund

Asset Management

Capital stored in pipeline networks like camel humps holding fat - closed-end fund locks investor money into midstream infrastructure. Pipelines trans...

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Kearny Financial Corp

Regional Banks

Regional bank rooted in New Jersey soil like oak trees - slow growth, deep roots in local communities. Deposits gathered from small businesses and ind...

russell2000

Kelly Services

Staffing & Outsourcing

Labor broker like cleaner wrasse connecting clients and workers - matching temporary employees to short-term needs across industries. Absorbs unemploy...

russell2000

Kemper Corporation

Insurance

Risk pooling like prairie dog colonies sharing sentinel duty - premiums collected from many policyholders, payouts distributed to unlucky few hit by a...

russell2000

Kennametal

Industrial

Materials science mirrors evolution's experiments - ceramics, carbides, alloys each optimized for extreme conditions. Kennametal engineers wear-resist...

russell2000

Kennedy-Wilson Holdings

Real Estate

Real estate investment mirrors territorial species claiming prime habitat patches. Kennedy-Wilson identifies undervalued properties in liquid markets,...

russell2000

Key Energy Services

Energy Services

Oilfield services operate like cleanup crews in ecosystems - rig-based well servicing and coiled tubing maintenance keep extraction infrastructure fun...

russell2000

Kforce

Staffing & Outsourcing

Matches specialized talent to temporary hosts, like cleaner fish pairing with larger species. Workers flow between client ecosystems, providing techni...

russell2000

Kilroy Realty Corporation

Real Estate

Constructs and defends premium office territories in coastal markets, like beavers building dams that reshape entire valleys. Properties create stable...

russell2000

Kimbell Royalty Partners

Energy

Collects resource flows without extraction effort, like oxpeckers feeding on ticks from host animals. Owns mineral rights beneath working lands, recei...

russell2000

Kinder Morgan

Energy

Moves energy resources through continental pipeline networks, like xylem vessels transporting water from roots to canopy. Pressurized tubes carry gas...

russell2000

Kinsale Capital Group

Insurance

Underwrites unusual risks by pooling premiums across diverse hazards, like meerkats sharing sentinel watch. Specialty lines spread unpredictable losse...

russell2000

Kirkland's

Specialty Retail

Displays seasonal merchandise to attract buyers, like bowerbirds arranging colored objects. Store layouts change with holidays and trends, using visua...

russell2000

Kite Realty Group Trust

Retail Real Estate

Anchors shopping ecosystems around grocery stores like keystone species that support diverse tenant populations. These necessity-based habitats create...

russell2000

Knight-Swift Transportation Holdings

Trucking

Orchestrates truck fleets like ant colonies coordinate foragers, with each driver acting as an independent agent while the collective optimizes routin...

russell2000

Knowles Corporation

Electronic Components

Miniaturizes acoustic technologies like bats compress echolocation into skull-sized organs. Their micro-speakers and filters process sound frequencies...

russell2000

Kontoor Brands

Apparel

Manages denim brands Wrangler and Lee through heritage cultivation similar to how oak trees grow from ancestral root systems. Each brand maintains its...

russell2000

Koppers Holdings

Chemicals

Koppers Holdings is an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds. The company serves the rai...

russell2000

Kornit Digital

Industrial Machinery

Prints textiles on-demand through digital inkjet systems that apply dye like chromatophores change octopus skin. Their technology eliminates tradition...

russell2000

Kratos Defense & Security Solutions

Defense

Manufactures unmanned aerial systems and missile defense technologies that extend human combat capabilities like tools extended early human hunting ra...

russell2000

Kronos Worldwide

Specialty Chemicals

Produces titanium dioxide pigment that scatters light like butterfly wing scales create structural color. This white pigment achieves opacity through...

russell2000

Krystal Biotech

Biotechnology

Delivers gene therapies through engineered viruses that insert corrective DNA like retroviruses integrate into host genomes. Their HSV-1 based treatme...

russell2000

Kulicke & Soffa Industries

Semiconductor Equipment

Builds semiconductor assembly equipment that bonds microscopic wires to chips with precision matching spider silk attachment points. Their wire bonder...

russell2000

La-Z-Boy Incorporated

Consumer Goods

La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The company manuf...

russell2000

Laboratory Corporation of America Holdings

Healthcare

Laboratory Corporation of America Holdings is a leading global life sciences company providing comprehensive clinical laboratory and end-to-end drug d...

russell2000

Ladder Capital Corp

Financial Services

Ladder Capital Corp is a commercial real estate finance company that originates, services, and manages a diverse portfolio of commercial real estate d...

russell2000

Lazard

Financial Services

Lazard is a leading financial advisory and asset management firm operating from offices across North America, Europe, Asia, Australia, and Latin Ameri...

russell2000

LCI Industries

Auto Parts

Supplies recreational vehicle components through diverse product lines that integrate like organ systems serve organism functions. Their windows, door...

russell2000

Legacy Housing Corporation

Manufacturing

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses distributed through a network of independent retailers and c...

russell2000

Leggett & Platt

Manufacturing

Leggett & Platt is a diversified manufacturer that designs and produces engineered components and products found in homes, offices, and automobiles. T...

russell2000

LexinFintech Holdings

Financial Services

LexinFintech Holdings is a leading online consumer finance platform in China providing financing options to young adults for online direct sales and i...

russell2000

LGI Homes

Homebuilding

Builds entry-level housing through standardized designs that reduce construction variability like honeybees build uniform hexagonal cells. Their produ...

russell2000

Liberty Media Corporation

Media & Entertainment

Liberty Media Corporation operates and owns interests in a broad range of media, communications, and entertainment businesses. The company's subsidiar...

russell2000

Live Nation Entertainment

Media & Entertainment

Live Nation Entertainment is the world's leading live entertainment company comprising global market leaders in live music promotion, ticketing throug...

russell2000

LogMeIn

Technology

LogMeIn provides cloud-based remote connectivity, collaboration, and customer engagement solutions for businesses and IT service providers. The compan...

russell2000

Louisiana-Pacific Corporation

Manufacturing

Louisiana-Pacific Corporation manufactures and distributes building products primarily for use in new home construction, repair and remodeling, and ou...

russell2000

Lowe's Companies

Home Improvement Retail

The asymmetry defines the rivalry: Home Depot commands 47% market share with $163 billion revenue and 2,350+ stores, while Lowe's holds 28% share with...

sp500, russell2000

LPL Financial Holdings

Financial Services

LPL Financial Holdings is the nation's largest independent broker-dealer providing an integrated platform of proprietary technology, clearing, complia...

russell2000

LSB Industries

Chemicals

Manufactures industrial chemicals and fertilizers through processes that fix atmospheric nitrogen like legume root nodules harbor bacteria. Their ammo...

russell2000

Manhattan Associates

Technology

Manhattan Associates develops, sells, deploys, and maintains software solutions designed to manage supply chains, inventory, and omnichannel operation...

russell2000

Manning & Napier

Financial Services

Manning & Napier is an independent investment management firm providing investment strategies and solutions for institutional and private wealth clien...

russell2000

Marathon Petroleum Corporation

Energy

America's largest refining system metabolizes 3 million barrels per day of crude oil across 13 refineries, converting hydrocarbons into transportation...

russell2000

MarketAxess Holdings

Financial Technology

MarketAxess operates an electronic trading platform for fixed-income securities providing market transparency and improved efficiency in the corporate...

russell2000, sp400

Marriott International

Hospitality

Marriott International is the world's largest hotel company with more than 30 brands and 8,000 properties across 139 countries. The company operates a...

russell2000

Medicine Man Technologies

Cannabis

Medicine Man Technologies is a cannabis consulting and products company providing operational and technical consulting services to cannabis cultivator...

russell2000

Merchants Bancorp

Financial Services

Merchants Bancorp is a diversified bank holding company offering multi-family housing and healthcare facility financing, mortgage warehouse financing,...

russell2000

MGIC Investment Corporation

Insurance

MGIC Investment Corporation is the holding company for Mortgage Guaranty Insurance Corporation, the nation's leading provider of private mortgage insu...

russell2000

monday.com

Software - Collaboration

Monday.com functions as a genetic toolkit enabling organizations to construct custom workflow organisms—the company's Work OS platform reached $1 bill...

russell2000

Opendoor

Real Estate - iBuyer

Opendoor sold 13,593 homes in 2024 generating $5.2 billion revenue, down 26% year-over-year as higher mortgage rates froze the U.S. housing market. Th...

russell2000

Oscar Health

Health Insurance

Technology-focused health insurance company using data science and telemedicine to improve member experience. Offers individual and small group health...

russell2000

Patrick Industries

Building Products

Major manufacturer and distributor of building products and materials for the RV, marine, and manufactured housing industries. Provides components inc...

russell2000

PaySign

Payment Processing

Prepaid card and payment processing platform provider serving diverse markets including healthcare, pharmaceutical, and corporate. Enables electronic...

russell2000

Peloton

Fitness - Connected Equipment

Peloton revolutionized home fitness with connected exercise equipment featuring streaming classes.

russell2000

Perella Weinberg Partners

Investment Banking

Independent advisory firm providing strategic and financial advice to clients on mergers, acquisitions, and restructurings. Offers asset management se...

russell2000

Planet Fitness

Fitness - Gym Franchises

Planet Fitness is a fitness club franchisor with over 2,400 locations as the Judgement Free Zone.

russell2000

Plug Power

Clean Energy - Hydrogen

Plug Power is a leading provider of hydrogen fuel cell systems. The company is building hydrogen production and distribution network.

russell2000

Reddit

Social Media

Reddit functions as a colonial organism comprising over 100,000 subreddits, each a semi-autonomous polyp with specialized function, collectively achie...

russell2000

Riot Platforms

Cryptocurrency Mining

Bitcoin mining company operating large-scale mining facilities focused on building the lowest cost production. Develops and operates infrastructure fo...

russell2000

Rivian

Automotive - Electric Vehicles

Rivian is an electric vehicle manufacturer focused on adventure trucks and SUVs, with Amazon as largest shareholder.

russell2000

Seacoast Banking Corporation

Regional Banking

Community bank holding company providing integrated financial services through Seacoast Bank. Serves individuals and businesses in Florida with tradit...

russell2000

SelectQuote

Insurance Distribution

Direct-to-consumer distribution platform for insurance products helping consumers comparison shop for coverage. Specializes in senior health, life, an...

russell2000

ServisFirst Bank

Commercial Banking

Commercial banking institution providing business banking services primarily in the southeastern United States. Focuses on relationship banking with c...

russell2000

Shake Shack

Fast-casual Restaurant

Shake Shack discovered the ultimate competitive advantage isn't better burgers—it's lower operating costs at scale. Under CEO Rob Lynch (May 2024), th...

russell2000

Southside Bancshares

Regional Banking

Bank holding company providing financial services through Southside Bank primarily in Texas. Offers commercial and consumer banking, mortgage lending,...

russell2000

Stellar Bancorp

Regional Banking

Bank holding company providing commercial banking services to businesses and individuals primarily in Texas and nearby states. Offers lending, deposit...

russell2000

Stock Yards Bancorp

Regional Banking

Bank holding company providing commercial and consumer banking services through Stock Yards Bank & Trust. Serves individuals and businesses in Kentuck...

russell2000

StoneCo

Payment Processing

Brazilian fintech company providing financial technology and software solutions to merchants and integrated partners. Offers payment processing, banki...

russell2000

Sweetgreen

Fast-casual Restaurant

Sweetgreen cracked what kills most restaurant chains: profitable unit economics without sacrificing speed. The company's Infinite Kitchen automation r...

russell2000

Teladoc Health

Healthcare/Telehealth

American telehealth company founded in 2002 addressing fragmented, expensive, and inconvenient U.S. healthcare access. Pioneered on-demand video/phone...

russell2000

The Aaron's Company, Inc.

Retail - Lease-to-Own

The Aaron's Company is a leading omnichannel provider of lease-to-own and retail purchase solutions. The company offers furniture, electronics, applia...

russell2000

The Bancorp, Inc.

Banking Technology & Services

The Bancorp is a financial holding company providing banking and technology solutions to non-bank financial services companies and middle market busin...

russell2000

ThermoGenesis Holdings

Medical Devices

ThermoGenesis Holdings is a market leader in automated cell processing tools and services for the cell and gene therapy industry. The company provides...

russell2000

Unity Software

Software - Game Development

Unity Software demonstrates how keystone species can trigger trophic cascades through policy changes. The company's September 2023 announcement of run...

russell2000

Warby Parker

Retail/Eyewear

Warby Parker cracked the code that killed Casper: DTC retail achieves sustainable unit economics only when digital efficiency combines with physical p...

russell2000

Zillow Group

Real Estate - Marketplace

Zillow operates as a remora attached to the multi-trillion-dollar housing market, extracting value through information aggregation without owning inve...

russell2000

Zions Bancorporation

Regional Banking

Western U.S. regional bank with strong presence in Utah and surrounding states, specializing in commercial banking, small business lending, and treasu...

russell2000