What this index holds, how it is built, and what its record does not cover. Morningstar Indexes, built with PitchBook.
The Morningstar Pitchbook Unicorn 30 Index tracks the performance of late-stage venture-backed companies with a valuation of $1 billion or more. This index focuses on the largest and most liquid unicorns, providing access to some of the most innovative and fastest growing companies globally. To support replicability, index constituents must meet liquidity requirements.
The same idea as the Unicorn 20, with thirty constituents instead of twenty. This is the one the provider's own family page markets.
Run by Morningstar Indexes, built with PitchBook. PrePost has no relationship with the provider and is not paid to list this index.
The index began on 2025-01-13. Its performance record starts 2014-12-19, so the years before 2025-01-13 are backfilled rather than live. A long-run return quoted for this index is mostly a backtest.
The provider's own reporting notes that where transactions are infrequent, secondary-market marks can stay unchanged even as new information emerges.
| Field | Value |
|---|---|
| Provider | Morningstar Indexes, built with PitchBook |
| Inception | January 13, 2025 |
| Performance record starts | December 19, 2014 |
| Constituents | 29 |
| Weighting | Equal Weight |
| Rebalance | Quarterly (next September 21, 2026) |
| Reconstitution | Quarterly |
| Currency | USD |
| How constituents are priced | Not published as a rule. The provider's quarterly reporting on this family sources its secondary-market marks to Caplight, alongside Morningstar and PitchBook data. |
| Published methodology | None that PrePost could find on the provider's own pages. |
| Variants | Morningstar PitchBook Unicorn 30 PR USD Morningstar PitchBook Unicorn 30 GR USD Morningstar PitchBook Unicorn 30 NR USD |
| Identifiers | FS0000J90D (Morningstar fund ID) |
Named constituents as of August 31, 2026.
Membership as the index provider published it on this date. PrePost shows which companies are in the index, not their weights.
| Company | PrePost | Estimate | Confidence |
|---|---|---|---|
| Databricks | Verified | $190.0B | high |
| Anduril | Verified | $100.0B | medium |
| SpaceX | Public | Trades on an exchange; PrePost covers private companies | |
| Anthropic | Verified | $965.0B | high |
| Mistral AI | Listed | No PrePost figure yet | |
| Ramp | Verified | $60.0B | high |
| Notion | Listed | No PrePost figure yet | |
| Revolut | Verified | $115.0B | high |
| OpenAI | Verified | $894.3B | high |
| Discord | Verified | $8.5B | medium |
| Cerebras Systems | Public | Trades on an exchange; PrePost covers private companies | |
| Cognition | Listed | No PrePost figure yet | |
| Canva | Verified | $42.0B | high |
| Stripe | Verified | $159.0B | high |
| Deel | Verified | $17.3B | high |
| Skild AI | Verified | $16.9B | medium |
| Applied Intuition | Listed | No PrePost figure yet | |
| Perplexity | Verified | $22.6B | low |
| Airtable | Listed | No PrePost figure yet | |
| Celonis | Listed | No PrePost figure yet | |
| Rippling | Listed | No PrePost figure yet | |
| Chainalysis | Listed | No PrePost figure yet | |
| Kraken | Listed | No PrePost figure yet | |
| Epic Games | Verified | $13.8B | medium |
| Figure AI (identified by PrePost, not named by the provider) | Verified | $39.0B | medium |
| Gusto | Listed | No PrePost figure yet | |
| Ripple | Listed | No PrePost figure yet | |
| VAST Data | Listed | No PrePost figure yet | |
| Flexport | Listed | No PrePost figure yet | |
Verified means a full PrePost profile with sourced figures. Listed means the company is named here because a benchmark we track names it; PrePost has published no figure for it and does not rank it. Public means it has left the private market and can be bought through any broker.
This company now trades on a public exchange. The index provider still lists it here, and its own indexes disagree about which side of the line it falls on. PrePost has taken it from SEC filings: funds on this site report it with a CUSIP, an ISIN and a quoted market price, none of which a private holding has.
The index provider lists this constituent only as “Figure”, with no identifier of any kind. PrePost has identified it as Figure AI on four grounds: the index selects the largest and most liquid unicorns; no separate Figure AI entry appears in any index we track; the other well-known company of that name, Figure Technologies, is an order of magnitude too small to qualify; and the two SEC-filing funds on this site that hold it, which must name portfolio companies precisely, both report it as “Figure AI, Inc.”. The provider has not confirmed this, and we have asked.
None that PrePost tracks. That does not mean none exists: a product can track an index without PrePost having verified it, and PrePost lists a vehicle only once it can source what the vehicle is and what it holds.
Claim or correct this listing →
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An index is not an investment, and a product that tracks one may not hold what it holds. This page describes the index, not any product. Not investment advice.
Last updated 2026-11-14. See also how we verify and our disclaimer.