MICROSOFT CORPORATION MSFT Technology $2.93T 98 Wide moat MICROVISION, INC. MVIS Technology $91.1M 25 No moat Milestone Scientific Inc. MLSS Healthcare $35.2M 42 Shallow moat MILLER INDUSTRIES, INC. MLR Consumer Discretionary $564.5M 51 Shallow moat MillerKnoll, Inc. MLKN Materials $1.5B 38 No moat MIMEDX GROUP, INC. MDXG Healthcare $636.8M 80 Wide moat MIND TECHNOLOGY, INC MIND Healthcare $47.0M 47 Shallow moat MINERALRITE CORPORATION RITE Materials $13.0M 34 No moat MINERALS TECHNOLOGIES INC. MTX Materials $2.3B 62 Narrow moat MiniMed Group, Inc. MMED Healthcare $4.8B 48 Shallow moat Mirion Technologies, Inc. MIR Healthcare — 41 Shallow moat MISSION PRODUCE, INC. AVO Agriculture $959.0M 22 No moat Mistras Group, Inc. MG Consumer Discretionary — 24 No moat MKS INC MKSI Healthcare $21.8B 44 Shallow moat MOBILE GLOBAL ESPORTS INC. MGAM Communications $27937 40 Shallow moat Mobileye Global Inc. MBLY Technology — 42 Shallow moat Mobivity Holdings Corp. MFON Technology $2.8M 31 No moat Moderna, Inc. MRNA Healthcare $24.4B 40 No moat Modine Manufacturing Company MOD Consumer Discretionary $12.1B 48 Shallow moat MODULINK INC. MDLK Consumer Discretionary $1.6M 34 No moat MOHAWK INDUSTRIES, INC. MHK Consumer Discretionary — 42 Shallow moat MOLSON COORS BEVERAGE CO TAP Consumer Staples — 31 No moat Momentus Inc. MNTS Consumer Discretionary — 31 No moat MONARCH CASINO & RESORT, INC MCRI Consumer Discretionary $2.2B 51 Shallow moat Mondelez International, Inc. MDLZ Consumer Staples $78.2B 38 No moat MONGODB, INC. MDB Technology $25.1B 40 Shallow moat MONOLITHIC POWER SYSTEMS INC MPWR Technology $62.8B 90 Wide moat Monro, Inc. MNRO Consumer Discretionary $509.2M 49 Shallow moat Monster Beverage Corp MNST Consumer Staples $95.4B 93 Wide moat MONTAUK RENEWABLES, INC. MNTK Utilities $224.9M 15 No moat Moody’s Corporation MCO Technology $90.6B 99 Wide moat MORNINGSTAR, INC. MORN Other $6.9B 91 Wide moat MOSAIC CO MOS Materials $7.0B 23 No moat MOTORCAR PARTS OF AMERICA, INC. MPAA Consumer Discretionary $264.9M 46 Shallow moat MOTOROLA SOLUTIONS, INC. MSI Technology $68.5B 78 Narrow moat Motorsport Games Inc. MSGM Technology $22.5M 50 Shallow moat MOVADO GROUP, INC. MOV Healthcare $874.0M 67 Narrow moat MSA Safety Inc MSA Healthcare $6.7B 70 Narrow moat MSC INDUSTRIAL DIRECT CO., INC. MSM Industrials $7.0B 66 Narrow moat MSCI INC. MSCI Technology $46.2B 85 Wide moat MUELLER INDUSTRIES INC MLI Industrials $6.6B 73 Narrow moat MUELLER WATER PRODUCTS, INC. MWA Industrials $4.0B 67 Narrow moat MURPHY OIL CORPORATION MUR Materials $5.3B 54 Shallow moat MURPHY USA INC. MUSA Consumer Discretionary — 81 Wide moat MY SIZE, INC. MYSZ Technology $1.7M 32 No moat Myers Industries, Inc. MYE Materials $1.2B 49 Shallow moat MYOMO, INC. MYO Healthcare $36.6M 49 Shallow moat MYR GROUP INC. MYRG Industrials $6.1B 59 Shallow moat MYRIAD GENETICS, INC. MYGN Healthcare $577.8M 46 Shallow moat N-able, Inc. NABL Technology $890.5M 44 Shallow moat NABORS INDUSTRIES LTD NBR Materials $1.3B 28 No moat NACCO INDUSTRIES, INC. NC Materials $358.9M 24 No moat NANO DIMENSION LTD. NNDM Technology $322.4M 32 No moat NAPCO SECURITY TECHNOLOGIES, INC NSSC Technology $1.3B 79 Narrow moat Nasdaq, Inc. NDAQ Other $52.2B 54 Shallow moat NATERA, INC. NTRA Healthcare $37.9B 34 No moat NATHAN’S FAMOUS, INC. NATH Consumer Discretionary $393.3M 78 Narrow moat National Beverage Corp. FIZZ Consumer Staples $2.9B 81 Wide moat NATIONAL CINEMEDIA, INC. NCMI Technology $352.9M 54 Shallow moat NATIONAL ENERGY SERVICES REUNITED CORP. NESR Materials $2.8B 21 No moat NATIONAL FUEL GAS CO NFG Utilities $7.3B 56 Shallow moat NATIONAL PRESTO INDUSTRIES INC NPK Industrials $865.1M 47 Shallow moat National Vision Holdings, Inc. EYE Healthcare $1.6B 61 Narrow moat NATURAL ALTERNATIVES INTERNATIONAL INC NAII Healthcare $13.7M 40 No moat Natural Grocers by Vitamin Cottage, Inc. NGVC Consumer Discretionary $751.3M 65 Narrow moat Natural Health Trends Corp. NHTC Industrials — 49 Shallow moat NATURES SUNSHINE PRODUCTS INC NATR Healthcare $357.7M 84 Wide moat Nauticus Robotics, Inc. KITT Industrials $33.8M 14 No moat Navitas Semiconductor Corporation NVTS Technology — 29 No moat nCino, Inc. NCNO Technology $2.0B 40 No moat NCR VOYIX CORPORATION VYX Technology $1.1B 52 Shallow moat NCS Multistage Holdings, Inc. NCSM Materials $111.0M 52 Shallow moat NEKTAR THERAPEUTICS NKTR Healthcare $1.4B 43 Shallow moat Neogen Corporation NEOG Healthcare $2.2B 47 Shallow moat NEOGENOMICS, INC. NEO Consumer Discretionary $1.9B 31 No moat Neonode Inc. NEON Technology $14.4M 54 Shallow moat NEPHROS, INC. NEPH Healthcare $40.2M 48 Shallow moat NerdWallet, Inc. NRDS Technology $660.1M 58 Shallow moat NET Power Inc. NPWR Industrials — 41 Shallow moat NetApp, Inc. NTAP Technology $32.1B 96 Wide moat Netflix, Inc. NFLX Communications $291.1B 77 Narrow moat NETGEAR, Inc. NTGR Technology $626.8M 41 Shallow moat NETSCOUT SYSTEMS, INC. NTCT Technology $3.0B 55 Shallow moat NETSOL TECHNOLOGIES, INC. NTWK Technology $52.0M 51 Shallow moat NEUROCRINE BIOSCIENCES, INC. NBIX Healthcare $17.1B 70 Narrow moat NEURONETICS, INC. STIM Healthcare $111.8M 41 Shallow moat NeuroOne Medical Technologies Corporation NMTC Healthcare $117.0M 24 No moat NEUROPACE, INC. NPCE Healthcare $539.9M 40 Shallow moat New Fortress Energy Inc. NFE Utilities $97.7M 16 No moat Newegg Commerce, Inc. NEGG Consumer Discretionary $60.0M 57 Shallow moat NEWELL BRANDS INC. NWL Materials $2.2B 38 No moat NEWMARKET CORPORATION NEU Materials $7.2B 73 Narrow moat Nexentis Technologies Inc. NXTS Healthcare $6.3M 41 Shallow moat NexGel, Inc. NXGL Healthcare $3.8M 14 No moat NEXT TECHNOLOGY HOLDING INC. NXTT Technology $3.9M 44 Shallow moat Nextdoor Holdings, Inc NXDR Technology — 50 Shallow moat NEXTNAV INC. NN Healthcare $1.8B 22 No moat NEXTNRG, INC. NXXT Consumer Discretionary $39.9M 14 No moat NextPlat Corp NXPL Communications $155.5M 28 No moat Nextpower Inc. NXT Technology — 71 Narrow moat