KOPPERS HOLDINGS INC. KOP Materials $977M 38 No moat KORE Group Holdings, Inc. KORE Communications $162M 23 No moat KORN FERRY KFY Technology $3.9B 80 Wide moat KORU MEDICAL SYSTEMS, INC. KRMD Healthcare $178M 49 Shallow moat KOSS CORPORATION KOSS Industrials $35.5M 30 No moat Kraft Heinz Co KHC Consumer Staples $30.4B 36 No moat Kratos Defense & Security Solutions, Inc. KTOS Consumer Discretionary $8.0B 41 Shallow moat Krispy Kreme, Inc. DNUT Consumer Discretionary $540M 23 No moat KROGER CO KR Consumer Discretionary Not reported 48 Shallow moat KRONOS WORLDWIDE, INC. KRO Materials $760M 24 No moat Krystal Biotech, Inc. KRYS Healthcare $9.8B 62 Narrow moat KUBER RESOURCES CORPORATION KUBR Communications Not reported 73 Narrow moat KULICKE AND SOFFA INDUSTRIES, INC. KLIC Technology $5.3B 41 Shallow moat KUN PENG INTERNATIONAL LTD. KPEA Consumer Discretionary $148M 44 Shallow moat KURA SUSHI USA, INC. KRUS Consumer Discretionary $526M 29 No moat KVH Industries, Inc. KVHI Communications $177M 42 Shallow moat KwikClick, Inc. KWIK Technology $3.1M 45 Shallow moat KYNTRA BIO, INC. KYNB Healthcare $28.5M 33 No moat L.B. Foster Company FSTR Industrials $430M 50 Shallow moat L3HARRIS TECHNOLOGIES, INC. LHX Healthcare $56.1B 49 Shallow moat La-Z-Boy Incorporated LZB Materials $1.6B 64 Narrow moat LABCORP HOLDINGS INC. LH Healthcare $24.4B 39 No moat Laird Superfood, Inc. LSF Consumer Staples $44.9M 31 No moat Lakeland Industries, Inc. LAKE Healthcare $106M 34 No moat Lakeside Holding Limited LSH Industrials $3.7M 39 No moat LAM RESEARCH CORPORATION LRCX Industrials $387.2B 92 Wide moat LAMB WESTON HOLDINGS, INC. LW Consumer Staples Not reported 71 Narrow moat LANDS' END, INC. LE Consumer Discretionary $359M 32 No moat LANDSTAR SYSTEM, INC. LSTR Industrials $6.8B 68 Narrow moat LANTHEUS HOLDINGS, INC. LNTH Healthcare $6.8B 73 Narrow moat LANTRONIX, INC. LTRX Technology $207M 39 No moat LAS VEGAS SANDS CORP. LVS Consumer Discretionary $31.1B 60 Narrow moat Latch, Inc. LTCH Industrials $29.4M 30 No moat Latham Group, Inc. SWIM Materials $642M 39 No moat Lattice Semiconductor Corp LSCC Technology $17.6B 53 Shallow moat Laureate Education, Inc. LAUR Consumer Discretionary $5.3B 52 Shallow moat Lazard, Inc. LAZ Other $5.0B 53 Shallow moat LCI INDUSTRIES LCII Consumer Discretionary $2.5B 48 Shallow moat LEAFBUYER TECHNOLOGIES, INC. BOTX Consumer Discretionary Not reported 54 Shallow moat LEAR CORP LEA Consumer Discretionary $7.3B 41 Shallow moat LEATT CORPORATION LEAT Consumer Discretionary $80.5M 52 Shallow moat LEE ENTERPRISES, INC LEE Materials $46.2M 44 Shallow moat Leef Brands, Inc. LEEEF Healthcare $51.1M 42 Shallow moat LEGACY EDUCATION INC. LGCY Consumer Discretionary $146M 90 Wide moat Legacy Housing Corporation LEGH Materials $631M 52 Shallow moat LegalZoom.com, Inc. LZ Technology $1.3B 76 Narrow moat LEGGETT & PLATT INC LEG Materials $1.5B 25 No moat Leidos Holdings, Inc. LDOS Technology $14.2B 71 Narrow moat LEMAITRE VASCULAR, INC. LMAT Healthcare $2.2B 78 Narrow moat LENNOX INTERNATIONAL INC LII Industrials $18.8B 84 Wide moat LENSAR, Inc. LNSR Healthcare $67.2M 41 Shallow moat Leonardo DRS, Inc. DRS Healthcare $12.8B 64 Narrow moat Leopard Energy, Inc. LEEN Consumer Discretionary $169553 57 Shallow moat LESLIE’S, INC. LESL Consumer Discretionary $11.5M 44 Shallow moat LEVI STRAUSS & CO. LEVI Consumer Discretionary Not reported 76 Narrow moat LEXARIA BIOSCIENCE CORP. LEXX Healthcare $10.9M 46 Shallow moat Lexicon Pharmaceuticals, Inc. LXRX Healthcare $838M 49 Shallow moat LFTD PARTNERS INC. LIFD Healthcare $3M 47 Shallow moat LGI HOMES, INC. LGIH Industrials $1.4B 31 No moat LGL GROUP INC LGL Technology $41.7M 52 Shallow moat LIBERTY BROADBAND CORPORATION LBRDA Communications $4.1B 38 No moat Liberty Energy Inc. LBRT Materials $2.9B 47 Shallow moat Liberty Global Ltd. LBTYA Communications $3.3B 37 No moat Liberty Latin America Ltd. LILA Communications $1.5B 33 No moat Liberty Live Holdings, Inc. LLYVA Communications $8.8B 24 No moat Life Time Group Holdings, Inc. LTH Communications $9.4B 60 Narrow moat Life360, Inc. LIF Technology $3.9B 61 Narrow moat LIFEMD, INC. LFMD Healthcare $173M 45 Shallow moat LifeStance Health Group, Inc. LFST Healthcare $4.2B 53 Shallow moat LIFETIME BRANDS, INC. LCUT Industrials $197M 20 No moat Lifevantage Corp LFVN Healthcare $81.2M 82 Wide moat Lifeward Ltd. LFWD Healthcare $10.7M 43 Shallow moat LIFEWAY FOODS, INC. LWAY Consumer Staples $464M 64 Narrow moat LIGAND PHARMACEUTICALS INC LGND Healthcare $5.9B 64 Narrow moat LIGHT & WONDER, INC. LAWIL Technology Not reported 50 Shallow moat LIGHTBRIDGE CORPORATION LTBR Materials $251M 42 Shallow moat Lightwave Logic, Inc. LWLG Materials $884M 40 No moat LIMBACH HOLDINGS, INC. LMB Industrials $846M 56 Shallow moat LIMITLESS X HOLDINGS INC. LIMX Communications $15.3M 39 No moat LIMONEIRA COMPANY LMNR Agriculture $236M 17 No moat LINCOLN EDUCATIONAL SERVICES CORPORATION LINC Consumer Discretionary $1.3B 55 Shallow moat LINCOLN ELECTRIC HOLDINGS INC LECO Industrials $13.8B 81 Wide moat LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND Industrials $1.5B 41 Shallow moat LINDE PLC LIN Materials Not reported 70 Narrow moat Lindsay Corporation LNN Industrials Not reported 71 Narrow moat Lineage Cell Therapeutics, Inc. LCTX Healthcare $250M 41 Shallow moat LINGERIE FIGHTING CHAMPIONSHIPS, INC. BOTY Communications $51214 34 No moat Lionsgate Studios Corp. LION Communications Not reported 25 No moat LiqTech International, Inc. LIQT Industrials $6.3M 25 No moat LIQUIDIA CORPORATION LQDA Healthcare $7.5B 39 No moat LIQUIDITY SERVICES, INC LQDT Technology $1.4B 59 Shallow moat LIQUIDMETAL TECHNOLOGIES INC LQMT Materials $248M 27 No moat Lite Strategy, Inc. LITS Healthcare $6.6M 52 Shallow moat Lithia Motors, Inc. LAD Consumer Discretionary $8.0B 51 Shallow moat LITTELFUSE INC /DE LFUS Industrials Not reported 42 Shallow moat LivaNova PLC LIVN Healthcare $4.3B 49 Shallow moat LIVE NATION ENTERTAINMENT, INC. LYV Communications $41.7B 54 Shallow moat Live Ventures Incorporated LIVE Consumer Discretionary $29.8M 49 Shallow moat LiveOne, Inc. LVO Consumer Discretionary $59.8M 15 No moat LiveRamp Holdings, Inc. RAMP Technology $2.3B 73 Narrow moat