The Moat Index

The widest moats in the scored universe.

The 100 widest Other moats — of 101 scored nightly from primary SEC filings, 0–100 on five investor questions. Higher means a more durable business. The method is fully public; the full universe is in the A–Z directory and the sector hubs.

Current score records: moat-index@3.0.0.

Every scored Other company, not just these 100 →

The map — moat vs. price · Other

Wonderful & on sale — Wide moat, ≥10% below value if growth stopped todayThe rest of the scored set
60708090100+100%+50%+25%+10%0%−25%−100%−500%≤ −2500%Wonderful & on saleOn sale, narrower moatNarrower moat, not on saleWide moat, not on saleMoat Score → stronger businessDiscount → cheaper vs. value if growth stopped today

Dividers sit at Moat Score 80 (a Wide moat) and at 10% below conservative value — the same bars the methodology uses. The x-axis starts at 55 because this set is the top of the Index; the vertical scale is compressed beyond ±25% (every tick shows its true value), and anything priced more than 26× value sits on the "≤ −2500%" line — hover a dot (or open the table) for its exact reading. 69 companies have no recent price data and aren't plotted — the table view lists them.

Filter this map in the Screener →

The 100 widest · Other

Watchlist#CompanyTickerSector
1Federated Hermes, Inc.FHIOther$4.3B96Wide moat34% above value if growth stopped today
2MORNINGSTAR, INC.MORNOther$7.4B90Wide moat175% above value if growth stopped today
3MARKETAXESS HOLDINGS INC.MKTXOther$4.2B86Wide moat19% above value if growth stopped today
4ENDI CORP.ENDIOtherNot reported83Wide moatNo price data
5WisdomTree, Inc.WTOther$2.7B81Wide moat261% above value if growth stopped today
6SEI INVESTMENTS COMPANYSEICOther$12.1B79Narrow moat100% above value if growth stopped today
7HOULIHAN LOKEY, INC.HLIOtherNot reported76Narrow moatNo price data
8Artisan Partners Asset Management Inc.APAMOther$2.9B75Narrow moatAround the value if growth stopped today
9CME GROUP INC.CMEOtherNot reported75Narrow moatNo price data
10GCM Grosvenor Inc.GCMGOther$2.5B72Narrow moat893% above value if growth stopped today
11Resolute Holdings Management, Inc.RHLDOther$1.0B71Narrow moatNo price data
12Cboe Global Markets, Inc.CBOEOther$27.4B70Narrow moat195% above value if growth stopped today
13Decentral Life, Inc.WDLFOther$1.8M70Narrow moatNo price data
14VIRTUS INVESTMENT PARTNERS, INC.VRTSOther$879M69Narrow moat61% below value if growth stopped today
15Tradeweb Markets Inc.TWOther$21.6B69Narrow moat266% above value if growth stopped today
16COHEN & STEERS, INC.CNSOther$3.7B68Narrow moat113% above value if growth stopped today
17STIFEL FINANCIAL CORPSFOtherNot reported66Narrow moatNo price data
18BlackRock, Inc.BLKOther$163.7B66Narrow moat148% above value if growth stopped today
19Victory Capital Holdings, Inc.VCTROther$7.1B65Narrow moat103% above value if growth stopped today
20Acadian Asset Management Inc.AAMIOther$3.3B64Narrow moat64% below value if growth stopped today
21Uranium Royalty Corp.UROYOther$598M63Narrow moat293% above value if growth stopped today
22OPPENHEIMER HOLDINGS INC.OPYOther$1.2B63Narrow moat46% above value if growth stopped today
23Security National Financial CorporationSNFCAOtherNot reported60Narrow moatNo price data
24GPGI, Inc.GPGIOtherNot reported58Shallow moatNo price data
25Wealthfront CorporationWLTHOther$1.5B58Shallow moat78% above value if growth stopped today
26Pagaya Technologies Ltd.PGYOther$1.4B58Shallow moatNo price data
27HORIZON KINETICS HOLDING CORPORATIONHKHCOther$427M58Shallow moatNo price data
28CleanSpark, Inc.CLSKOtherNot reported56Shallow moatNo price data
29Nasdaq, Inc.NDAQOther$52.3B55Shallow moat319% above value if growth stopped today
30Carlyle Group Inc.CGOther$14.2B55Shallow moat13% above value if growth stopped today
31Cohen & Co Inc.COHNOther$28.7M53Shallow moatNo price data
32BRC Group Holdings, Inc.RILYOther$151M53Shallow moatNo price data
33LAZARD, INC.LAZOther$4.0B53Shallow moat29% above value if growth stopped today
34Silvercrest Asset Management Group Inc.SAMGOther$93.1M53Shallow moat30% below value if growth stopped today
35Z Squared Inc.ZSQROther$23.8M52Shallow moatNo price data
36Siebert Financial Corp.SIEBOther$67.1M51Shallow moat13% below value if growth stopped today
37StoneX Group Inc.SNEXOther$3.4B50Shallow moat26% above value if growth stopped today
38HENNESSY ADVISORS, INC.HNNAOther$79.7M50Shallow moatAround the value if growth stopped today
39Abacus Global Management, Inc.ABXOther$786M50Shallow moat218% above value if growth stopped today
40FRANKLIN RESOURCES INCBENOther$17.0B50Shallow moat74% above value if growth stopped today
41Coinbase Global, Inc.COINOther$50.9B49Shallow moat263% above value if growth stopped today
42Intercontinental Exchange, Inc.ICEOther$86.3B48Shallow moat100% above value if growth stopped today
43STRIVE, INC.ASSTOtherNot reported46Shallow moatNo price data
44American Bitcoin Corp.ABTCOtherNot reported46Shallow moatNo price data
45Ridgepost Capital, Inc.RPCOtherNot reported46Shallow moatNo price data
46WHITEFIBER, INC.WYFIOther$711M45Shallow moatNo price data
47WESTWOOD HOLDINGS GROUP, INC.WHGOtherNot reported45Shallow moatNo price data
48MARVION INC.MVNCOther$65312044Shallow moatNo price data
49DEFI DEVELOPMENT CORP.CHADOther$260M44Shallow moatNo price data
50IREN LimitedIRENOther$13.1B44Shallow moatNo price data
51HIVE DIGITAL TECHNOLOGIES LTD.HIVEOther$824M44Shallow moatNo price data
52Crisp Momentum Inc.CRSFOther$23.2M42Shallow moatNo price data
53Hut 8 Corp.HUTOther$10.2B42Shallow moatNo price data
54STABLECOIN DEVELOPMENT CORPORATIONSDEVOther$82.5M41Shallow moatNo price data
55DOMINARI HOLDINGS INC.DOMHOther$42.4M40No moatNo price data
56AlTi Global, Inc.ALTIOtherNot reported40No moatNo price data
57Cipher Digital Inc.CIFROther$6.7B40No moatNo price data
58TERAWULF INC.WULFOther$6.3B40No moatNo price data
59COSMOS GROUP HOLDINGS INC.COSGOther$367M40No moatNo price data
60Athena Bitcoin GlobalABITOther$40950139No moatNo price data
61FREEDOM HOLDING CORP.FRHCOther$9.3B39No moat306% above value if growth stopped today
62NETCAPITAL INC.NCPLOther$2.7M39No moatNo price data
63Axe Compute IncAGPUOther$51.2M39No moatNo price data
64Daxor CorporationDXR—$49.2M38No moatNo price data
65TOP FINANCIAL GROUP LIMITEDTOPOther$554M38No moatNo price data
66Miami International Holdings, Inc.MIAXOther$3.7B38No moatNo price data
67HeartSciences Inc.HSCSOther$12.9M38No moatNo price data
68SHARPLINK, INC.SBETOther$74.9M37No moatNo price data
69THE MARYGOLD COMPANIES, INC.MGLDOther$84.6M37No moatNo price data
70RIOT PLATFORMS, INC.RIOTOther$7.9B37No moatNo price data
71STRATEGY INCMSTROther$42.9B36No moatNo price data
72Financial Gravity Companies, Inc.FGCOOther$7.7M36No moatNo price data
73SOLANA COMPANYHSDTOther$125M35No moatNo price data
74BITMINE IMMERSION TECHNOLOGIES, INC.BMNPOther$23.3M35No moatNo price data
75I-ON Digital Corp.IONIOther$3.8M35No moatNo price data
76AVAX ONE TECHNOLOGY LTD.AVXOther$621M34No moatNo price data
77Bit Digital, Inc.BTBTOther$535M34No moatNo price data
78VEMANTI GROUP, INC.VMNTOther$1M34No moatNo price data
79Sphere 3D Corp.DRKOther$9.8M33No moatNo price data
80Associated Capital Group, Inc.ACGPOtherNot reported33No moatNo price data
81UPEXI, INC.UPXIOther$90.5M32No moatNo price data
82AtlasClear Holdings, Inc.ATCHOther$28.8M31No moat33% below value if growth stopped today
83POWERCOMPUTE, INC.PWCMOther$13.9M30No moatNo price data
84Digi Power X Inc.DGXXOther$295M30No moatNo price data
85BIG DIGITAL ENERGY, INC.BGDEOther$5M29No moatNo price data
86U S GLOBAL INVESTORS INCGROWOtherNot reported29No moatNo price data
87Triller Group Inc.ILLROther$42.1M29No moatNo price data
88AI FINANCIAL CORPORATIONAIFCOther$61.5M29No moatNo price data
89MARBLEGATE CAPITAL CORPORATIONMGTEOther$66.5M29No moatNo price data
90FG Nexus Inc.FGCOther$44.2M28No moatNo price data
91VULCAN INFRASTRUCTURE AND POWER INC.GREELOther$399M26No moatNo price data
92MARA HOLDINGS, INC.MARAOther$4.5B25No moatNo price data
93Empery Digital Inc.EMPDOther$107M25No moatNo price data
94MGT CAPITAL INVESTMENTS, INC.MGTIOther$5.1M24No moatNo price data
95AIxCrypto Holdings, Inc.AIXCOther$5.2M23No moatNo price data
96NETBRANDS CORP.NBNDOtherNot reported22No moatNo price data
97Core Scientific, Inc./txCORZOther$5.1B21No moatNo price data
98PINEAPPLE FINANCIAL INC.PAPLOther$1.3M20No moatNo price data
99Invesco Ltd.IVZOther$13.4B19No moat86% above value if growth stopped today
100FORWARD INDUSTRIES, INC.FWDIOther$690M18No moatNo price data