s&p-500
(3)
Abercrombie & Fitch Co.
Abercrombie & Fitch Co. (NYSE: ANF) is a Columbus, Ohio-based global specialty apparel retailer that operates a family of brands - Abercrombie & Fitch, abercrombie kids, Hollister, Gilly Hicks, Social Tourist and the YPB activewear line - across roughly 840 company-operated stores, a franchise network and a digital business that accounts for close to half of revenue. Founded in 1892 as a Manhattan outfitter that supplied Theodore Roosevelt's safaris and counted Ernest Hemingway among its customers, the company spent the 2010s dismantling the exclusionary teen-mall identity it had built in the 1990s and 2000s. Under CEO Fran Horowitz, who took over in 2017, it split its two flagship brands into distinct demographic lanes - Abercrombie for millennials in their twenties and thirties, Hollister for teenagers - shrank store footprints, and rebuilt merchandising around a lean-inventory 'chase' model that reads early demand signals and reorders fast. The approach produced record fiscal 2025 net sales of $5.27 billion, a third straight year of double-digit operating margin, and one of the more complete reputational reversals in modern American retail.
Global Payments
Global Payments Inc. (NYSE: GPN) is an Atlanta-based payment technology company that helps businesses accept and process payments across in-store, online and mobile channels. After acquiring Worldpay and divesting its issuer-processing business in January 2026, it became a pure-play merchant solutions company serving more than 6 million merchant locations across 175+ countries, handling roughly 94 billion transactions and $3.7 trillion in annual payment volume.
Frec
Frec is a San Francisco fintech that brings direct indexing - a tax-optimization strategy long reserved for wealthy clients of private wealth managers - to everyday investors. Instead of buying an index fund, Frec customers own the underlying stocks of an index directly, which lets the platform automatically harvest tax losses, offset capital gains, and customize holdings, all for a 0.10% annual fee. Founded in 2021 by former Twitter and Instacart product leader Mo Al Adham and launched publicly in 2023, Frec also offers a portfolio line of credit, a high-yield treasury account, and tools to diversify concentrated stock positions.