What this index holds, how it is built, and what its record does not cover. Morningstar Indexes, built with PitchBook.
The Morningstar PitchBook US Modern Market 100 Index tracks 100 of the largest and most influential U.S.-domiciled companies—90 public and 10 private venture-backed. It uses a transparent, rules-based methodology, with companies weighted by market value. The index seamlessly integrates public and private markets to represent today’s expanding investment opportunity.
The only index here that is mostly public companies. It holds the largest US companies of both kinds in one basket, so it shows how much of a blended “public and private” product is actually the ordinary stock market.
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 2025-09-02. Its performance record starts 2014-12-19, so the years before 2025-09-02 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.
This is not a private-market index. On 2026-08-31 it held 91 publicly traded companies, which anyone can buy through an ordinary broker, against 8 private ones. The provider describes the split as 90 public and 10 private; the holdings read on that date give 91 and 8. Companies leave the private side when they list, so the holdings are likely the more current of the two. PrePost publishes the figure it read.
| Field | Value |
|---|---|
| Provider | Morningstar Indexes, built with PitchBook |
| Inception | September 2, 2025 |
| Performance record starts | December 19, 2014 |
| Constituents | 99 |
| Weighting | Market Capitalization Free Float Adjusted |
| Rebalance | Quarterly (next September 21, 2026) |
| Reconstitution | Semi Annually |
| 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 US Modern Market 100 TR USD |
| Identifiers | FS0000K4H8 (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. This index holds public companies as well as private ones. PrePost covers only the private ones.
| Company | PrePost | Estimate | Confidence |
|---|---|---|---|
| Anthropic | Verified | $965.0B | high |
| OpenAI | Verified | $894.3B | high |
| Databricks | Verified | $190.0B | high |
| Stripe | Verified | $159.0B | high |
| Anduril | Verified | $100.0B | medium |
| Figure AI (identified by PrePost, not named by the provider) | Verified | $39.0B | medium |
| Ripple | Named | No PrePost page | |
| Rippling | Named | No PrePost page | |
| NVIDIA Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Apple Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Microsoft Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Amazon.com Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Alphabet Inc Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Broadcom Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Alphabet Inc Class C | Public | Trades on an exchange; PrePost covers private companies | |
| Space Exploration Technologies Corp Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Meta Platforms Inc Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Tesla Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Micron Technology Inc | Public | Trades on an exchange; PrePost covers private companies | |
| JPMorgan Chase & Co | Public | Trades on an exchange; PrePost covers private companies | |
| Berkshire Hathaway Inc Class B | Public | Trades on an exchange; PrePost covers private companies | |
| Eli Lilly and Co | Public | Trades on an exchange; PrePost covers private companies | |
| Advanced Micro Devices Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Visa Inc Class A | Public | Trades on an exchange; PrePost covers private companies | |
| ExxonMobil Holdings Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Johnson & Johnson | Public | Trades on an exchange; PrePost covers private companies | |
| Mastercard Inc Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Palantir Technologies Inc Ordinary Shares - Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Walmart Inc | Public | Trades on an exchange; PrePost covers private companies | |
| AbbVie Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Intel Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Cisco Systems Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Costco Wholesale Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Bank of America Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Lam Research Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Chevron Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Netflix Inc | Public | Trades on an exchange; PrePost covers private companies | |
| GE Aerospace | Public | Trades on an exchange; PrePost covers private companies | |
| Merck & Co Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Caterpillar Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Coca-Cola Co | Public | Trades on an exchange; PrePost covers private companies | |
| Procter & Gamble Co | Public | Trades on an exchange; PrePost covers private companies | |
| The Home Depot Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Applied Materials Inc | Public | Trades on an exchange; PrePost covers private companies | |
| UnitedHealth Group Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Palo Alto Networks Inc | Public | Trades on an exchange; PrePost covers private companies | |
| The Goldman Sachs Group Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Philip Morris International Inc | Public | Trades on an exchange; PrePost covers private companies | |
| RTX Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Oracle Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Wells Fargo & Co | Public | Trades on an exchange; PrePost covers private companies | |
| Morgan Stanley | Public | Trades on an exchange; PrePost covers private companies | |
| GE Vernova Inc | Public | Trades on an exchange; PrePost covers private companies | |
| CrowdStrike Holdings Inc Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Texas Instruments Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Thermo Fisher Scientific Inc | Public | Trades on an exchange; PrePost covers private companies | |
| International Business Machines Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Linde PLC | Public | Trades on an exchange; PrePost covers private companies | |
| Amgen Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Verizon Communications Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Salesforce Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Citigroup Inc | Public | Trades on an exchange; PrePost covers private companies | |
| KLA Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Qualcomm Inc | Public | Trades on an exchange; PrePost covers private companies | |
| AT&T Inc | Public | Trades on an exchange; PrePost covers private companies | |
| PepsiCo Inc | Public | Trades on an exchange; PrePost covers private companies | |
| The Walt Disney Co | Public | Trades on an exchange; PrePost covers private companies | |
| Gilead Sciences Inc | Public | Trades on an exchange; PrePost covers private companies | |
| McDonald's Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Abbott Laboratories | Public | Trades on an exchange; PrePost covers private companies | |
| Analog Devices Inc | Public | Trades on an exchange; PrePost covers private companies | |
| American Express Co | Public | Trades on an exchange; PrePost covers private companies | |
| Charles Schwab Corp | Public | Trades on an exchange; PrePost covers private companies | |
| NextEra Energy Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Boeing Co | Public | Trades on an exchange; PrePost covers private companies | |
| Union Pacific Corp | Public | Trades on an exchange; PrePost covers private companies | |
| BlackRock Inc | Public | Trades on an exchange; PrePost covers private companies | |
| ServiceNow Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Pfizer Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Booking Holdings Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Eaton Corp PLC | Public | Trades on an exchange; PrePost covers private companies | |
| ConocoPhillips | Public | Trades on an exchange; PrePost covers private companies | |
| Deere & Co | Public | Trades on an exchange; PrePost covers private companies | |
| Uber Technologies Inc | Public | Trades on an exchange; PrePost covers private companies | |
| TJX Companies Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Vertex Pharmaceuticals Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Capital One Financial Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Danaher Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Intuitive Surgical Inc | Public | Trades on an exchange; PrePost covers private companies | |
| S&P Global Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Adobe Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Accenture PLC Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Progressive Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Stryker Corp | Public | Trades on an exchange; PrePost covers private companies | |
| Lowe's Companies Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Automatic Data Processing Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Intuit Inc | Public | Trades on an exchange; PrePost covers private companies | |
| Comcast Corp Class A | Public | Trades on an exchange; PrePost covers private companies | |
| Honeywell International Inc | Public | Trades on an exchange; PrePost covers private companies | |
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.
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.
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.
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 →
Tell us what is wrong, or send the methodology we could not find, and we will correct the page and date the change. PrePost takes no payment for a listing, and confirming details is not an endorsement in either direction.
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 2026-09-20. See also how we verify and our disclaimer.