The Moat Index

The widest moats in the scored universe.

All 99 scored Other companies — 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.

The Other hub: stats, leaders, and quality on sale →

The map — moat vs. price · Other

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. 68 companies have no recent price data and aren't plotted — the table view lists them.

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All 99 scored · Other

#	Company	Ticker	Sector
1	Federated Hermes, Inc.	FHI	Other	$4.7B	96	Wide moat	46% above value if growth stopped today
2	MORNINGSTAR, INC.	MORN	Other	$8.3B	90	Wide moat	209% above value if growth stopped today
3	MARKETAXESS HOLDINGS INC.	MKTX	Other	$4.2B	86	Wide moat	19% above value if growth stopped today
4	ENDI CORP.	ENDI	Other	Not reported	83	Wide moat	No price data
5	WisdomTree, Inc.	WT	Other	$2.7B	81	Wide moat	261% above value if growth stopped today
6	SEI INVESTMENTS COMPANY	SEIC	Other	$12.1B	79	Narrow moat	100% above value if growth stopped today
7	HOULIHAN LOKEY, INC.	HLI	Other	Not reported	76	Narrow moat	No price data
8	Artisan Partners Asset Management Inc.	APAM	Other	$3.4B	75	Narrow moat	13% above value if growth stopped today
9	CME GROUP INC.	CME	Other	Not reported	75	Narrow moat	No price data
10	GCM Grosvenor Inc.	GCMG	Other	$2.6B	72	Narrow moat	929% above value if growth stopped today
11	Resolute Holdings Management, Inc.	RHLD	Other	$1.2B	71	Narrow moat	No price data
12	Cboe Global Markets, Inc.	CBOE	Other	$31.2B	70	Narrow moat	236% above value if growth stopped today
13	Decentral Life, Inc.	WDLF	Other	$3M	70	Narrow moat	No price data
14	VIRTUS INVESTMENT PARTNERS, INC.	VRTS	Other	$1.1B	69	Narrow moat	53% below value if growth stopped today
15	Tradeweb Markets Inc.	TW	Other	$22.8B	69	Narrow moat	286% above value if growth stopped today
16	COHEN & STEERS, INC.	CNS	Other	$4.1B	68	Narrow moat	134% above value if growth stopped today
17	STIFEL FINANCIAL CORP	SF	Other	Not reported	66	Narrow moat	No price data
18	BlackRock, Inc.	BLK	Other	$163.7B	66	Narrow moat	148% above value if growth stopped today
19	Victory Capital Holdings, Inc.	VCTR	Other	$7.3B	65	Narrow moat	109% above value if growth stopped today
20	Acadian Asset Management Inc.	AAMI	Other	$3.3B	64	Narrow moat	64% below value if growth stopped today
21	URANIUM ROYALTY CORP.	UROY	Other	$651M	63	Narrow moat	327% above value if growth stopped today
22	OPPENHEIMER HOLDINGS INC.	OPY	Other	$1.2B	63	Narrow moat	46% above value if growth stopped today
23	Security National Financial Corporation	SNFCA	Other	Not reported	60	Narrow moat	No price data
24	GPGI, Inc.	GPGI	Other	Not reported	58	Shallow moat	No price data
25	Wealthfront Corporation	WLTH	Other	$1.4B	58	Shallow moat	68% above value if growth stopped today
26	Pagaya Technologies Ltd.	PGY	Other	$1.9B	58	Shallow moat	No price data
27	HORIZON KINETICS HOLDING CORPORATION	HKHC	Other	$497M	58	Shallow moat	No price data
28	CleanSpark, Inc.	CLSK	Other	Not reported	56	Shallow moat	No price data
29	Nasdaq, Inc.	NDAQ	Other	$55.2B	55	Shallow moat	342% above value if growth stopped today
30	Carlyle Group Inc.	CG	Other	$16.8B	55	Shallow moat	34% above value if growth stopped today
31	Cohen & Co Inc.	COHN	Other	$28.7M	53	Shallow moat	No price data
32	BRC Group Holdings, Inc.	RILY	Other	$215M	53	Shallow moat	No price data
33	LAZARD, INC.	LAZ	Other	$5.0B	53	Shallow moat	62% above value if growth stopped today
34	Silvercrest Asset Management Group Inc.	SAMG	Other	$89.4M	53	Shallow moat	33% below value if growth stopped today
35	Z Squared Inc.	ZSQR	Other	$17M	52	Shallow moat	No price data
36	Siebert Financial Corp.	SIEB	Other	$67.1M	51	Shallow moat	13% below value if growth stopped today
37	StoneX Group Inc.	SNEX	Other	$3.6B	50	Shallow moat	34% above value if growth stopped today
38	HENNESSY ADVISORS, INC.	HNNA	Other	$80.5M	50	Shallow moat	2% above value if growth stopped today
39	Abacus Global Management, Inc.	ABX	Other	$937M	50	Shallow moat	280% above value if growth stopped today
40	FRANKLIN RESOURCES INC	BEN	Other	$18.1B	50	Shallow moat	84% above value if growth stopped today
41	Coinbase Global, Inc.	COIN	Other	$49.5B	49	Shallow moat	253% above value if growth stopped today
42	Intercontinental Exchange, Inc.	ICE	Other	$91.4B	48	Shallow moat	112% above value if growth stopped today
43	STRIVE, INC.	ASST	Other	Not reported	46	Shallow moat	No price data
44	American Bitcoin Corp.	ABTC	Other	Not reported	46	Shallow moat	No price data
45	Ridgepost Capital, Inc.	RPC	Other	Not reported	46	Shallow moat	No price data
46	WHITEFIBER, INC.	WYFI	Other	$749M	45	Shallow moat	No price data
47	WESTWOOD HOLDINGS GROUP, INC.	WHG	Other	Not reported	45	Shallow moat	No price data
48	MARVION INC.	MVNC	Other	$290275	44	Shallow moat	No price data
49	DEFI DEVELOPMENT CORP.	DFDV	Other	$175M	44	Shallow moat	No price data
50	IREN Limited	IREN	Other	$14.1B	44	Shallow moat	No price data
51	HIVE DIGITAL TECHNOLOGIES LTD.	HIVE	Other	$851M	44	Shallow moat	No price data
52	Crisp Momentum Inc.	CRSF	Other	$20.4M	42	Shallow moat	No price data
53	Hut 8 Corp.	HUT	Other	$10.3B	42	Shallow moat	No price data
54	THE MARYGOLD COMPANIES, INC.	MGLD	Other	$44.2M	41	Shallow moat	247% above value if growth stopped today
55	STABLECOIN DEVELOPMENT CORPORATION	SDEV	Other	$22.4M	41	Shallow moat	No price data
56	DOMINARI HOLDINGS INC.	DOMH	Other	$42.4M	40	No moat	No price data
57	AlTi Global, Inc.	ALTI	Other	Not reported	40	No moat	No price data
58	Cipher Digital Inc.	CIFR	Other	$7.2B	40	No moat	No price data
59	TERAWULF INC.	WULF	Other	$6.9B	40	No moat	No price data
60	COSMOS GROUP HOLDINGS INC.	COSG	Other	$275M	40	No moat	No price data
61	Athena Bitcoin Global	ABIT	Other	$20.5M	39	No moat	No price data
62	FREEDOM HOLDING CORP.	FRHC	Other	$9.3B	39	No moat	306% above value if growth stopped today
63	NETCAPITAL INC.	NCPL	Other	$1.3M	39	No moat	No price data
64	Axe Compute Inc	AGPU	Other	$43.6M	39	No moat	No price data
65	Daxor Corporation	DXR	—	$43.2M	38	No moat	No price data
66	TOP FINANCIAL GROUP LIMITED	TOP	Other	$556M	38	No moat	No price data
67	Miami International Holdings, Inc.	MIAX	Other	$3.7B	38	No moat	No price data
68	HeartSciences Inc.	HSCS	Other	$11.9M	38	No moat	No price data
69	SHARPLINK, INC.	SBET	Other	$68.7M	37	No moat	No price data
70	RIOT PLATFORMS, INC.	RIOT	Other	$8.1B	37	No moat	No price data
71	STRATEGY INC	MSTR	Other	$39.6B	36	No moat	No price data
72	Financial Gravity Companies, Inc.	FGCO	Other	$6.4M	36	No moat	No price data
73	SOLANA COMPANY	HSDT	Other	$98M	35	No moat	No price data
74	BITMINE IMMERSION TECHNOLOGIES, INC.	BMNP	Other	$23M	35	No moat	No price data
75	I-ON DIGITAL CORP.	IONI	Other	$4.1M	35	No moat	No price data
76	AVAX ONE TECHNOLOGY LTD.	AVX	Other	$339M	34	No moat	No price data
77	Bit Digital, Inc.	BTBT	Other	$532M	34	No moat	No price data
78	VEMANTI GROUP, INC.	VMNT	Other	$1.4M	34	No moat	No price data
79	Sphere 3D Corp.	ANY	Other	$7.9M	33	No moat	No price data
80	Associated Capital Group, Inc.	ACGP	Other	Not reported	33	No moat	No price data
81	POWERCOMPUTE, INC.	PWCM	Other	$16.7M	30	No moat	No price data
82	Digi Power X Inc.	DGXX	Other	$260M	30	No moat	No price data
83	Big Digital Energy, Inc.	BGDE	Other	$6.5M	29	No moat	No price data
84	U S GLOBAL INVESTORS INC	GROW	Other	Not reported	29	No moat	No price data
85	Triller Group Inc.	ILLR	Other	$159M	29	No moat	No price data
86	AI FINANCIAL CORPORATION	AIFC	Other	$70.9M	29	No moat	No price data
87	MARBLEGATE CAPITAL CORPORATION	MGTE	Other	$81.3M	29	No moat	No price data
88	FG Nexus Inc.	FGNX	Other	$59.3M	28	No moat	No price data
89	Vulcan Infrastructure and Power Inc.	GREEL	Other	$390M	26	No moat	No price data
90	MARA HOLDINGS, INC.	MARA	Other	$4.3B	25	No moat	No price data
91	Empery Digital Inc.	EMPD	Other	$111M	25	No moat	No price data
92	MGT CAPITAL INVESTMENTS, INC.	MGTI	Other	$7.4M	24	No moat	No price data
93	AIxCrypto Holdings, Inc.	AIXC	Other	$3.7M	23	No moat	No price data
94	NETBRANDS CORP.	NBND	Other	Not reported	22	No moat	No price data
95	Core Scientific, Inc./tx	CORZ	Other	$5.6B	21	No moat	No price data
96	PINEAPPLE FINANCIAL INC.	PAPL	Other	$1.3M	20	No moat	No price data
97	Invesco Ltd.	IVZ	Other	$14.7B	19	No moat	104% above value if growth stopped today
98	FORWARD INDUSTRIES, INC.	FWDI	Other	$544M	18	No moat	No price data
99	MEDWELLAI, INC.	MWAI	Other	$2.3M	18	No moat	No price data

Scores reflect business quality, not buy/sell signals. Sector labels are derived from SEC SIC codes and can differ from GICS classifications. Educational only — not investment advice. See the methodology and disclaimer.