Vale SA ADR (VALE) had the highest return in Q3 2004 by a large-cap US stock, returning 98.5%.

ASSET	QUARTER	% RETURN
Vale SA ADR (VALE)	Q3 2004	98.52%
ArcelorMittal SA ADR (MT)	Q3 2004	95.95%
Elbit Systems (ESLT)	Q3 2004	82.18%
Alamos Gold (AGI)	Q3 2004	76.87%
U-Haul (UHAL)	Q3 2004	58.07%
Centrais Elétricas Brasileiras SA - Eletrobrás (EBR.B)	Q3 2004	56.06%
Centrais Elétricas Brasileiras SA - Eletrobrás (AXIA)	Q3 2004	53.4%
Texas Pacific Land Trust (TPL)	Q3 2004	52.61%
Centrais Electricas Brasileiras (EBR)	Q3 2004	51.46%
Carpenter Technology (CRS)	Q3 2004	41%
Tenaris SA ADR (TS)	Q3 2004	38.65%
United Therapeutics (UTHR)	Q3 2004	36.71%
Steel Dynamics (STLD)	Q3 2004	36.54%
Cameco (CCJ)	Q3 2004	34.94%
Wynn Resorts (WYNN)	Q3 2004	33.22%
Canadian Natural Resources (CNQ)	Q3 2004	32.61%
Intuitive Surgical (ISRG)	Q3 2004	32.56%
WESCO International (WCC)	Q3 2004	31.79%
Hecla Mining (HL)	Q3 2004	31.22%
CACI International (CACI)	Q3 2004	30.51%
Alphabet Inc Class A (GOOGL)	Q3 2004	29.59%
Petroleo Brasileiro Petrobras SA ADR (PBR)	Q3 2004	28.97%
Harmony Gold Mining (HMY)	Q3 2004	28.72%
Gold Fields Ltd ADR (GFI)	Q3 2004	28.62%
Telus (TU)	Q3 2004	28.35%

Large-cap stocks are treated as having a market cap of $10B+.