
CSU.TO-24.80%14.0%

BSP-18.40%10.0%

LIFCO-B.ST-6.99%9.0%

ROP-28.02%9.0%

ADDT-B.ST+4.94%8.0%

INDT.ST+10.65%8.0%

HEI-2.00%7.0%

LAGR-B.ST+7.85%7.0%

DPLM.LSE+46.79%6.0%

HLMA.LSE+0.90%6.0%

VIT-B.ST-24.36%5.0%

TOI.V-40.97%4.0%

LMN.V-48.33%3.0%

JDG.LSE-42.03%2.0%

TEQ.ST+8.46%2.0%
As of Oct 2, 2026, 9:55 PM ET
Business Models '24: Serial Acquirers & Compounders Constituents
Constellation Software Inc.CSU.TO | 14.0% | 0.38% | 6.43% | -4.71% | 0.38% | -12.70% | 13.65% | -36.90% | -24.80% | -34.09% | 30.37% | $44.32B |
Bending Spoons S.p.A.BSP | 10.0% | -1.45% | -8.63% | -19.13% | 1.69% | -18.40% | -18.40% | -18.40% | -18.40% | -20.91% | -20.91% | $21.45B |
Lifco AB (publ)LIFCO-B.ST | 9.0% | 1.13% | -0.58% | -1.23% | 1.13% | -16.41% | -10.38% | -12.66% | -6.99% | -2.04% | 22.76% | $14.51B |
Roper Technologies, Inc.ROP | 9.0% | -2.28% | -1.73% | -14.00% | -1.39% | -19.51% | 2.24% | -39.26% | -28.02% | -35.07% | -18.99% | $35.76B |
Addtech AB (publ.)ADDT-B.ST | 8.0% | 1.78% | -2.24% | 0.37% | 1.78% | -3.74% | -7.68% | 12.02% | 4.94% | 16.12% | 102.29% | $8.80B |
Indutrade AB (publ)INDT.ST | 8.0% | 1.09% | -0.99% | 0.31% | 1.09% | 0.01% | 0.37% | -7.54% | 10.65% | -12.95% | -0.53% | $9.37B |
HEICO CorporationHEI | 7.0% | -1.29% | 1.16% | -3.58% | 1.62% | -3.75% | -2.54% | 15.35% | -2.00% | 16.33% | 124.28% | $42.14B |
Lagercrantz Group AB (publ)LAGR-B.ST | 7.0% | 2.99% | 0.33% | 2.09% | 2.99% | 2.00% | -3.65% | 11.48% | 7.85% | 31.86% | 115.02% | $4.58B |
Diploma PLCDPLM.LSE | 6.0% | 1.11% | 0.85% | 6.41% | 1.11% | 45.37% | 34.42% | 101.85% | 46.79% | 90.96% | 185.00% | $13.81B |
Halma plcHLMA.LSE | 6.0% | 3.93% | -0.60% | -1.47% | 3.93% | -0.34% | -15.81% | 37.43% | 0.90% | 41.24% | 28.24% | $18.00B |
Vitec Software Group AB (publ)VIT-B.ST | 5.0% | -0.80% | 3.54% | -4.90% | -0.80% | -18.65% | 3.20% | -48.41% | -24.36% | -44.76% | -49.65% | $1.07B |
Topicus.com Inc.TOI.V | 4.0% | 1.49% | 2.95% | -13.59% | 1.49% | -31.77% | -8.01% | -39.21% | -40.97% | -34.81% | -39.82% | $5.26B |
Lumine Group Inc.LMN.V | 3.0% | 2.20% | 3.43% | -8.55% | 2.20% | -20.55% | 0.96% | -48.49% | -48.33% | -34.33% | — | $4.02B |
Judges Scientific plcJDG.LSE | 2.0% | -0.28% | -5.79% | -15.06% | -0.28% | -36.81% | -25.35% | -50.71% | -42.03% | -61.94% | -51.29% | $318.4M |
Teqnion AB (publ)TEQ.ST | 2.0% | -0.45% | -5.99% | -8.62% | -0.45% | -8.75% | 0.13% | 5.83% | 8.46% | -6.59% | 56.90% | $302.7M |
| Theme return | — | 0.53% | -0.15% | -5.46% | 0.82% | -5.76% | 1.21% | -7.53% | -6.94% | -3.63% | 49.70% | — |
| Average | 6.7% | 0.64% | -0.52% | -5.71% | 1.10% | -9.60% | -2.46% | -7.84% | -10.42% | -6.07% | 34.55% | $14.91B |
| Median | 7.0% | 1.09% | -0.58% | -4.71% | 1.13% | -12.70% | -2.54% | -12.66% | -6.99% | -12.95% | 25.50% | $9.37B |
| Std Dev | 3.1% | 1.68% | 3.88% | 7.02% | 1.38% | 18.38% | 13.61% | 39.72% | 24.49% | 38.50% | 70.51% | $14.37B |
| Min | 2.0% | -2.28% | -8.63% | -19.13% | -1.39% | -36.81% | -25.35% | -50.71% | -48.33% | -61.94% | -51.29% | $302.7M |
| Max | 14.0% | 3.93% | 6.43% | 6.41% | 3.93% | 45.37% | 34.42% | 101.85% | 46.79% | 90.96% | 185.00% | $44.32B |
| % Positive Tickers | 60.00% | 46.67% | 26.67% | 73.33% | 20.00% | 46.67% | 40.00% | 40.00% | 33.33% | 57.14% |