UL Solutions Inc. ULS Consumer Discretionary $17.2B 76 Narrow moat ULTA BEAUTY, INC. ULTA Consumer Discretionary $21.0B 92 Wide moat Ultragenyx Pharmaceutical Inc. RARE Healthcare $2.6B 49 Shallow moat UNDER ARMOUR, INC. UAA Consumer Discretionary $3.0B 35 No moat UNIFI, INC. UFI Consumer Discretionary $115M 12 No moat UNIFIRST CORPORATION UNF Consumer Discretionary $5.5B 61 Narrow moat UNION PACIFIC CORP UNP Industrials $182.3B 66 Narrow moat uniQure N.V. QURE Healthcare $2.4B 39 No moat UNISYS CORP UIS Technology $222M 43 Shallow moat United Airlines Holdings, Inc. UAL Industrials $38.3B 52 Shallow moat UNITED NATURAL FOODS, INC. UNFI Industrials $3.0B 20 No moat United Parcel Service, Inc UPS Industrials Not reported 57 Shallow moat United Parks & Resorts Inc. PRKS Communications Not reported 46 Shallow moat United Rentals, Inc. URI Technology $72.0B 89 Wide moat UNITED STATES ANTIMONY CORPORATION UAMY Industrials $724M 26 No moat UNITED STATES LIME & MINERALS INC USLM Materials $3.2B 79 Narrow moat UNITED THERAPEUTICS Corp UTHR Healthcare $23.1B 86 Wide moat UNITED-GUARDIAN, INC. UG Materials $35M 73 Narrow moat Uniti Group Inc. UNIT Communications $2.5B 38 No moat UNITY SOFTWARE INC. U Technology $12.4B 46 Shallow moat UNIVERSAL CORPORATION UVV Industrials $1.3B 25 No moat UNIVERSAL DISPLAY CORPORATION OLED Technology $3.7B 86 Wide moat UNIVERSAL ELECTRONICS INC. UEIC Industrials $58.2M 34 No moat UNIVERSAL HEALTH SERVICES, INC. UHS Healthcare $10.0B 66 Narrow moat UNIVERSAL LOGISTICS HOLDINGS, INC. ULH Industrials $415M 28 No moat UNIVERSAL SAFETY PRODUCTS, INC. UUU Industrials $10.1M 23 No moat UNIVERSAL TECHNICAL INSTITUTE, INC UTI Consumer Discretionary $2.1B 54 Shallow moat Unusual Machines, Inc. UMAC Technology $731M 42 Shallow moat UPAY, INC. UPYY Technology $15.8M 49 Shallow moat Upbound Group, Inc UPBD Technology $1.2B 51 Shallow moat UPSTREAM BIO, INC. UPB Healthcare $348M 42 Shallow moat UPWORK INC. UPWK Technology $1.2B 59 Shallow moat UR-ENERGY INC. URG Materials $461M 20 No moat URANIUM ENERGY CORP. UEC Materials $4.3B 24 No moat URBAN ONE, INC. UONE Communications $23M 37 No moat Urban Outfitters, Inc. URBN Consumer Discretionary $6.3B 77 Narrow moat US ENERGY CORP BSIN Materials $44M 34 No moat US FOODS HOLDING CORP. USFD Industrials $21.4B 42 Shallow moat USA TODAY CO., INC. TDAY Materials $1.2B 37 No moat USANA HEALTH SCIENCES, INC. USNA Healthcare $390M 63 Narrow moat UTAH MEDICAL PRODUCTS INC UTMD Healthcare $214M 77 Narrow moat Utz Brands, Inc. UTZ Consumer Staples $1.2B 24 No moat V. F. CORPORATION VFC Consumer Discretionary $6.7B 36 No moat V2X, Inc. VVX Consumer Discretionary $2.6B 56 Shallow moat VAALCO ENERGY INC /DE/ EGY Materials $579M 60 Narrow moat Vail Resorts, Inc. MTN Communications $5.2B 53 Shallow moat Valaris Limited VAL Materials $5.5B 51 Shallow moat VALERO ENERGY CORP/TX VLO Energy $90.5B 42 Shallow moat VALHI, INC. VHI Materials $403M 33 No moat VALMONT INDUSTRIES INC VMI Industrials $9.5B 62 Narrow moat VALVOLINE INC. VVV Energy $5.0B 60 Narrow moat VANGUARD GREEN INVESTMENT LIMITED VGES Consumer Discretionary Not reported 47 Shallow moat VARONIS SYSTEMS, INC. VRNS Technology $5.4B 49 Shallow moat VASO CORPORATION VASO Healthcare $33.4M 47 Shallow moat VAXART, INC. VXRT Healthcare $120M 59 Shallow moat Veea Inc. VEEA Technology $8M 40 Shallow moat VEECO INSTRUMENTS INC. VECO Industrials $3.1B 39 No moat Veeva Systems Inc. VEEV Technology $30.5B 94 Wide moat Velo3D, Inc. VELO Industrials $238M 31 No moat VENTURE GLOBAL, INC. VG Utilities $37.7B 17 No moat Venu Holding Corporation VENU Communications $102M 26 No moat VERA BRADLEY, INC. VRA Materials $103M 43 Shallow moat VERACYTE, INC. VCYT Healthcare $4.5B 60 Narrow moat VERALTO CORPORATION VLTO Healthcare $22.9B 77 Narrow moat Verano Holdings Corp. VRNO Agriculture $2.0B 32 No moat Verastem, Inc. VSTM Healthcare $470M 34 No moat VERDE RESOURCES, INC. VRDR Materials $75.8M 24 No moat VERDE BIO HOLDINGS, INC. APHD Materials $2.6B 26 No moat VERICEL CORPORATION VCEL Healthcare $2.3B 52 Shallow moat VERISIGN INC/CA VRSN Technology $25.7B 79 Narrow moat Verisk Analytics, Inc. VRSK Technology $27.9B 76 Narrow moat Veritone, Inc. VERI Technology $96.3M 42 Shallow moat VERIZON COMMUNICATIONS INC VZ Communications $195.6B 50 Shallow moat VERRA MOBILITY CORPORATION VRRM Industrials $622M 50 Shallow moat Verrica Pharmaceuticals Inc. VRCA Healthcare $86.2M 46 Shallow moat VERSUS SYSTEMS INC. VS Technology $6.8M 43 Shallow moat VERTEX PHARMACEUTICALS INC / MA VRTX Healthcare $121.2B 81 Wide moat Vertex, Inc. VERX Technology Not reported 60 Shallow moat Vertiv Holdings Co VRT Technology $111.1B 59 Shallow moat VERU INC. VERU Healthcare $33M 37 No moat Vestand Inc. VSTD Consumer Discretionary Not reported 35 No moat Vestis Corp VSTS Industrials $2.1B 15 No moat VIA TRANSPORTATION, INC. VIA Technology Not reported 52 Shallow moat Viant Technology Inc. DSP Technology $717M 65 Narrow moat VIASAT, INC. VSAT Communications $9.8B 40 Shallow moat Viavi Solutions Inc. VIAV Technology $8.8B 56 Shallow moat VICOR CORPORATION VICR Technology Not reported 64 Narrow moat VICTORIA'S SECRET & CO. VSXY Consumer Discretionary $6.7B 53 Shallow moat Victory Capital Holdings, Inc. VCTR Other $6.2B 65 Narrow moat Viemed Healthcare, Inc. VMD Healthcare $447M 78 Narrow moat VILLAGE FARMS INTERNATIONAL, INC. VFF Agriculture $223M 47 Shallow moat VILLAGE SUPER MARKET, INC. VLGEA Consumer Discretionary Not reported 62 Narrow moat VINCE HOLDING CORP. VNCE Consumer Discretionary $76.2M 40 Shallow moat Vir Biotechnology, Inc. VIR Healthcare $1.2B 42 Shallow moat VIRCO MFG. CORPORATION VIRC Materials $94.6M 44 Shallow moat VIREO GROWTH INC. VREOF Healthcare $7.2B 40 Shallow moat Virgin Galactic Holdings, Inc SPCE Industrials $183M 22 No moat VIRTRA, INC. VTSI Consumer Discretionary $35.9M 50 Shallow moat Virtuix Holdings Inc. VTIX Technology $60.8M 42 Shallow moat VIRTUS INVESTMENT PARTNERS, INC. VRTS Other $1.1B 69 Narrow moat