The Moat Index

The widest moats in the scored universe.

The 100 widest Other moats — of 104 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. 70 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 moat33% above value if growth stopped today
2MORNINGSTAR, INC.MORNOther$8.9B90Wide moat232% 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$2.7B75Narrow moat9% below value if growth stopped today
9CME GROUP INC.CMEOtherNot reported75Narrow moatNo price data
10GCM Grosvenor Inc.GCMGOther$2.4B72Narrow moat859% above value if growth stopped today
11Resolute Holdings Management, Inc.RHLDOther$1.0B71Narrow moatNo price data
12Cboe Global Markets, Inc.CBOEOther$35.6B70Narrow moat283% above value if growth stopped today
13Decentral Life, Inc.WDLFOther$1.8M70Narrow moatNo price data
14VIRTUS INVESTMENT PARTNERS, INC.VRTSOther$799M69Narrow moat65% below value if growth stopped today
15Tradeweb Markets Inc.TWOther$26.3B69Narrow moat346% above value if growth stopped today
16COHEN & STEERS, INC.CNSOther$3.6B68Narrow moat108% 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$6.9B65Narrow moat98% above value if growth stopped today
20Acadian Asset Management Inc.AAMIOther$3.3B64Narrow moat64% below value if growth stopped today
21Uranium Royalty Corp.UROYOther$503M63Narrow moat230% 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$1.7B58Shallow moat96% above value if growth stopped today
26Pagaya Technologies Ltd.PGYOther$1.6B58Shallow moatNo price data
27HORIZON KINETICS HOLDING CORPORATIONHKHCOther$370M58Shallow moatNo price data
28CleanSpark, Inc.CLSKOtherNot reported56Shallow moatNo price data
29Nasdaq, Inc.NDAQOther$58.4B55Shallow moat368% above value if growth stopped today
30Carlyle Group Inc.CGOther$13.8B55Shallow moat10% above value if growth stopped today
31Cohen & Co Inc.COHNOther$28.7M53Shallow moatNo price data
32BRC Group Holdings, Inc.RILYOther$123M53Shallow moatNo price data
33LAZARD, INC.LAZOther$4.2B53Shallow moat34% above value if growth stopped today
34Silvercrest Asset Management Group Inc.SAMGOther$89M53Shallow moat33% below value if growth stopped today
35Z Squared Inc.ZSQROther$22.5M52Shallow moatNo price data
36Siebert Financial Corp.SIEBOther$67.1M51Shallow moat13% below value if growth stopped today
37StoneX Group Inc.SNEXOther$3.0B50Shallow moat9% above value if growth stopped today
38HENNESSY ADVISORS, INC.HNNAOther$80.3M50Shallow moatAround the value if growth stopped today
39Abacus Global Management, Inc.ABXOther$809M50Shallow moat228% above value if growth stopped today
40FRANKLIN RESOURCES INCBENOther$16.2B50Shallow moat65% above value if growth stopped today
41Coinbase Global, Inc.COINOther$44.0B49Shallow moat215% above value if growth stopped today
42Intercontinental Exchange, Inc.ICEOther$92.3B48Shallow moat114% 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$383M45Shallow moatNo price data
47WESTWOOD HOLDINGS GROUP, INC.WHGOtherNot reported45Shallow moatNo price data
48MARVION INC.MVNCOther$65.3M44Shallow moatNo price data
49DEFI DEVELOPMENT CORP.CHADOther$296M44Shallow moatNo price data
50IREN LimitedIRENOther$7.9B44Shallow moatNo price data
51HIVE DIGITAL TECHNOLOGIES LTD.HIVEOther$528M44Shallow moatNo price data
52Crisp Momentum Inc.CRSFOther$15M42Shallow moatNo price data
53Hut 8 Corp.HUTOther$6.7B42Shallow moatNo price data
54STABLECOIN DEVELOPMENT CORPORATIONSDEVOther$25.2M41Shallow moatNo price data
55DOMINARI HOLDINGS INC.DOMHOther$42.4M40No moatNo price data
56AlTi Global, Inc.ALTIOtherNot reported40No moatNo price data
57Cipher Digital Inc.CIFROther$3.2B40No moatNo price data
58TERAWULF INC.WULFOther$4.8B40No moatNo price data
59COSMOS GROUP HOLDINGS INC.COSGOther$128M40No 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$2.9M39No moatNo price data
63Axe Compute IncAGPUOther$31.7M39No moatNo price data
64Daxor CorporationDXR—$38.9M38No moatNo price data
65TOP Financial Group LtdTOPOther$567M38No moatNo price data
66Miami International Holdings, Inc.MIAXOther$3.7B38No moatNo price data
67HeartSciences Inc.HSCSOther$10M38No moatNo price data
68SHARPLINK, INC.SBETOther$60.4M37No moatNo price data
69THE MARYGOLD COMPANIES, INC.MGLDOther$84.1M37No moatNo price data
70RIOT PLATFORMS, INC.RIOTOther$4.7B37No moatNo price data
71STRATEGY INCMSTROther$40.5B36No moatNo price data
72Financial Gravity Companies, Inc.FGCOOther$6M36No moatNo price data
73SOLANA COMPANYHSDTOther$98.9M35No moatNo price data
74BITMINE IMMERSION TECHNOLOGIES, INC.BMNPOther$22.8M35No moatNo price data
75STREAMEX CORP.STEXOther$21.9M35No moatNo price data
76I-ON Digital Corp.IONIOther$3.5M35No moatNo price data
77AVAX ONE TECHNOLOGY LTD.AVXOther$388M34No moatNo price data
78Bit Digital, Inc.BTBTOther$274M34No moatNo price data
79HYPERION DEFI, INC.HYPDOther$24.3M34No moatNo price data
80VEMANTI GROUP, INC.VMNTOther$1.2M34No moatNo price data
81DarkHorse Technologies IncDRKOther$6.6M33No moatNo price data
82Associated Capital Group, Inc.ACGPOtherNot reported33No moatNo price data
83UPEXI, INC.UPXIOther$60.3M32No moatNo price data
84AtlasClear Holdings, Inc.ATCHOther$23.8M31No moat45% below value if growth stopped today
85POWERCOMPUTE, INC.PWCMOther$8.7M30No moatNo price data
86Digi Power X Inc.DGXXOther$156M30No moatNo price data
87BIG DIGITAL ENERGY, INC.BGDEOther$3.6M29No moatNo price data
88U S GLOBAL INVESTORS INCGROWOtherNot reported29No moatNo price data
89Triller Group Inc.ILLROther$13.1M29No moatNo price data
90AI FINANCIAL CORPORATIONAIFCOther$36.8M29No moatNo price data
91MARBLEGATE CAPITAL CORPORATIONMGTEOther$59.1M29No moatNo price data
92FG Communities Holdings Inc.FGCOther$40.9M28No moatNo price data
93VULCAN INFRASTRUCTURE AND POWER INC.GREELOther$402M26No moatNo price data
94MARA HOLDINGS, INC.MARAOther$2.7B25No moatNo price data
95Empery Digital Inc.EMPDOther$92.3M25No moatNo price data
96MGT CAPITAL INVESTMENTS, INC.MGTIOther$5.6M24No moatNo price data
97AIxCrypto Holdings, Inc.FFROther$5.8M23No moatNo price data
98NETBRANDS CORP.NBNDOtherNot reported22No moatNo price data
99Core Scientific, Inc./txCORZOther$4.1B21No moatNo price data
100Eightco Holdings Inc.ORBSOther$156M21No moatNo price data