LIGHT & WONDER, INC. LAWIL Technology Not reported 50 Shallow moat LIGHTBRIDGE CORPORATION LTBR Materials $253M 42 Shallow moat Lightwave Logic, Inc. LWLG Materials $781M 40 No moat LIMBACH HOLDINGS, INC. LMB Industrials $580M 56 Shallow moat LIMITLESS X HOLDINGS INC. LIMX Communications $10.9M 39 No moat LIMONEIRA COMPANY LMNR Agriculture $270M 17 No moat LINCOLN EDUCATIONAL SERVICES CORPORATION LINC Consumer Discretionary $811M 55 Shallow moat LINCOLN ELECTRIC HOLDINGS INC LECO Industrials $15.2B 81 Wide moat LINDBLAD EXPEDITIONS HOLDINGS, INC. LIND Industrials $1.4B 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 $263M 41 Shallow moat LINGERIE FIGHTING CHAMPIONSHIPS, INC. BOTY Communications $44452 34 No moat Lionsgate Studios Corp. LION Communications Not reported 25 No moat LIQTECH INTERNATIONAL INC LIQT Industrials $5.4M 25 No moat LIQUIDIA CORPORATION LQDA Healthcare $6.0B 39 No moat LIQUIDITY SERVICES, INC LQDT Technology $1.6B 59 Shallow moat LIQUIDMETAL TECHNOLOGIES INC LQMT Materials $248M 27 No moat Lite Strategy, Inc. LITS Healthcare $7.6M 52 Shallow moat Lithia Motors, Inc. LAD Consumer Discretionary $9.1B 51 Shallow moat LITTELFUSE INC /DE LFUS Industrials Not reported 42 Shallow moat LivaNova PLC LIVN Healthcare $4.5B 49 Shallow moat LIVE NATION ENTERTAINMENT, INC. LYV Communications $40.8B 54 Shallow moat LIVE VENTURES Inc LIVE Consumer Discretionary $27M 49 Shallow moat LiveOne, Inc. LVO Consumer Discretionary $42.8M 15 No moat LiveRamp Holdings, Inc. RAMP Technology $2.3B 73 Narrow moat LiveWire Group, Inc. LVWR Consumer Discretionary $262M 23 No moat LKQ CORPORATION LKQ Industrials $6.5B 72 Narrow moat Loar Holdings Inc. LOAR Consumer Discretionary $6.4B 43 Shallow moat Local Bounti Corporation/DE LOCL Agriculture $24.9M 26 No moat LOCKHEED MARTIN CORPORATION LMT Consumer Discretionary $120.3B 55 Shallow moat LogicMark, Inc. LGMK Healthcare $1.1M 45 Shallow moat LOGITECH INTERNATIONAL S.A. LOGI Technology Not reported 67 Narrow moat Londax Corp. LDXC Technology Not reported 47 Shallow moat LONGDUODUO COMPANY LIMITED LDDD Healthcare $15.3M 76 Narrow moat LONGEVERON INC. LGVN Healthcare $119.7B 45 Shallow moat Longevity Health Holdings, Inc. XAGE Materials $374165 53 Shallow moat LOUISIANA-PACIFIC CORPORATION LPX Materials $4.8B 53 Shallow moat LOWES COMPANIES INC LOW Consumer Discretionary $114.7B 68 Narrow moat LQR House Inc. YHC Consumer Staples $30.6M 26 No moat LSB Industries, Inc. LXU Materials Not reported 17 No moat LSEB CREATIVE CORP. LSEB Consumer Discretionary Not reported 37 No moat LSI INDUSTRIES INC LYTS Industrials $748M 39 No moat Lucid Diagnostics Inc. LUCD Healthcare $123M 33 No moat Lucid Group, Inc. LCID Consumer Discretionary $1.5B 23 No moat LUCKY STRIKE ENTERTAINMENT CORPORATION LUCK Communications $859M 41 Shallow moat Lulu’s Fashion Lounge Holdings, Inc. LVLU Consumer Discretionary $35.5M 33 No moat lululemon athletica inc. LULU Consumer Discretionary $11.2B 96 Wide moat LUMEN TECHNOLOGIES, INC. LUMN Communications $6.9B 26 No moat Lumentum Holdings Inc. LITE Technology $78.1B 48 Shallow moat Luvu Brands, Inc. LUVU Materials $2.3M 40 Shallow moat Luxfer Holdings PLC LXFR Materials $458M 34 No moat Lyft, Inc. LYFT Technology Not reported 48 Shallow moat LYONDELLBASELL INDUSTRIES N.V. LYB Materials $20.5B 41 Shallow moat Lyra Therapeutics, Inc. LYRA Healthcare $922939 39 No moat M-tron Industries, Inc. MPTI Technology $254M 92 Wide moat M/I HOMES, INC. MHO Industrials $3.8B 73 Narrow moat MACOM Technology Solutions Holdings, Inc. MTSI Technology $20.0B 46 Shallow moat MACROGENICS, INC. MGNX Healthcare $279M 41 Shallow moat Macy's, Inc. M Consumer Discretionary $6.1B 52 Shallow moat MADE IN USA INC. USDW Technology Not reported 73 Narrow moat MADISON SQUARE GARDEN ENTERTAINMENT CORP. MSGE Communications $3.7B 64 Narrow moat MADISON SQUARE GARDEN SPORTS CORP. MSGS Communications Not reported 31 No moat MAG MILE CAPITAL, INC. MMCP Industrials Not reported 34 No moat Magnera Corporation MAGN Materials $446M 25 No moat MAGNITE, INC. MGNI Technology $3.5B 60 Narrow moat Magnolia Oil & Gas Corp MGY Materials $5.0B 69 Narrow moat Maison Solutions Inc. MSS Consumer Discretionary Not reported 36 No moat MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED MGSD Industrials $1.3M 64 Narrow moat MALIBU BOATS, INC. MBUU Consumer Discretionary $539M 35 No moat Mama’s Creations, Inc. MAMA Consumer Staples $616M 65 Narrow moat Mammoth Energy Services, Inc. TUSK Materials $151M 26 No moat Mangoceuticals, Inc. MGRX Healthcare $38523 43 Shallow moat Manhattan Associates, Inc. MANH Technology $12.8B 94 Wide moat MANNATECH INC MTEX Healthcare $17.1M 58 Shallow moat MANNKIND CORP MNKD Healthcare $1.2B 37 No moat MANPOWERGROUP INC. MAN Technology $2.9B 42 Shallow moat MAPLEBEAR INC. CART Technology $12.4B 86 Wide moat MARA HOLDINGS, INC. MARA Other $4.3B 25 No moat Marathon Petroleum Corporation MPC Energy Not reported 40 No moat Maravai LifeSciences Holdings, Inc. MRVI Healthcare $1.1B 43 Shallow moat MARBLEGATE CAPITAL CORPORATION MGTE Other $81.3M 29 No moat Marchex, Inc. MCHX Technology Not reported 42 Shallow moat MARCUS CORP MCS Communications Not reported 35 No moat MARIMED INC. MRMD Healthcare $31.8M 36 No moat MARINEMAX, INC. HZO Consumer Discretionary $1.1B 32 No moat MARKER THERAPEUTICS, INC. MRKR Healthcare $19.7M 39 No moat MARKETAXESS HOLDINGS INC. MKTX Other $4.2B 86 Wide moat MarketWise, Inc. MKTW Technology Not reported 62 Narrow moat MARRIOTT INTERNATIONAL INC /MD/ MAR Consumer Discretionary $89.5B 72 Narrow moat MARTEN TRANSPORT, LTD. MRTN Industrials $1.2B 38 No moat MARTIN MARIETTA MATERIALS INC MLM Materials $31.0B 50 Shallow moat MARVELL TECHNOLOGY, INC MRVL Technology $189.4B 54 Shallow moat MARVION INC. MVNC Other $290275 44 Shallow moat MARWYNN HOLDINGS, INC. MWYN Industrials $25.8M 20 No moat Masco Corporation MAS Industrials $14.9B 64 Narrow moat Massimo Group MAMO Consumer Discretionary $41.2M 47 Shallow moat MASTECH DIGITAL, INC. MHH Consumer Discretionary $88.3M 49 Shallow moat MasterBrand, Inc. MBC Materials $1.1B 26 No moat Mastercard Incorporated MA Technology Not reported 89 Wide moat