Sectors

The canonical taxonomy used to group companies across the product. A ticker can be tagged to one or more subsectors across categories.

Software sold to business functions or specific industries.

Platforms used by developers and IT teams to build, deploy, connect, and operate software.

Cybersecurity12 companies

Security products and services — distinct buyer, growth drivers, and valuation peer set from general infrastructure software.

Fintech20 companies

Technology-led financial products, platforms, and infrastructure earning software, transaction, or platform economics.

Internet businesses whose core model is commerce, marketplace matching, booking, or on-demand fulfilment.

Consumer platforms monetized by advertising, subscriptions, content, or game economics rather than commerce transactions.

Companies that deliver, administer, finance, distribute, or enable care.

Devices, instruments, diagnostics, and recurring consumables driven by procedure volumes, installed bases, reimbursement, and product cycles.

The semiconductor value chain, from design IP through manufacturing equipment and distribution.

Drug developers, pharmaceutical manufacturers, life-sciences research/services businesses, and therapeutic platforms.

Capital-goods, transportation, industrial-services, and defense businesses.

Regulated financial institutions and intermediaries classified by balance-sheet risk, underwriting, AUM, or market-intermediation economics.

People-led, outsourced, data, and recurring operational services sold to businesses.

Utilities1 companies

Regulated and contracted power, gas, and water businesses driven by rate bases, capacity, and long-term contracts.

Energy2 companies

The oil, gas, and fuels value chain — commodity-price-driven, from wellhead to refined product.

Materials0 companies

Producers of chemicals, construction inputs, packaging, metals, and forest products.

Movers of people and freight — asset-heavy networks priced on capacity, utilization, and fuel.

Cyclical consumer goods and experiences — spending that flexes with the household budget.

Defensive household essentials — food, beverages, and personal products with inelastic demand.

Real Estate0 companies

Property owners, financiers, and service providers priced on cash yields, NAV, and rate sensitivity.

Connectivity networks and the equipment behind them — subscription economics on capital-intense infrastructure.