NEW YORK, March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range. The company moving to the S&P 500 is more representative of the large-cap market space. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&P SmallCap 600 are no longer representative of the small-cap market space. 

  • S&P MidCap 400 constituent Fair Isaac & Co Inc. (NYSE:FICO) will replace Lumen Technologies Inc. (NYSE:LUMN) in the S&P 500, and Lumen Technologies will replace Bed Bath & Beyond Inc (NASD:BBBY) in the S&P SmallCap 600. Valaris Limited (NYSE:VAL) will replace Fair Isaac & Co in the S&P MidCap 400.

  • Axalta Coating Systems Ltd (NYSE:AXTA), Autoliv Inc. (NYSE:ALV), Starwood Property Trust Inc. (NYSE:STWD), SouthState Corp. (NASD:SSB), Chord Energy Corp. (NASD:CHRD), Advanced Drainage Systems Inc. (NYSE:WMS), Hilton Grand Vacations Inc. (NYSE:HGV), Hertz Global Holdings Inc. (NASD:HTZ), Aramark (NYSE:ARMK) and US Foods Holding Corp. (NYSE:USFD) will replace SL Green Realty Corp. (NYSE:SLG), Cracker Barrel Old Country Store Inc. (NASD:CBRL), ViaSat Inc. (NASD:VSAT), Washington Federal Inc. (NASD:WAFD), Dycom Industries Inc. (NYSE:DY), Kennametal Inc. (NYSE:KMT), JBG Smith Properties (NYSE:JBGS), Pebblebrook Hotel Trust (NYSE:PEB), Hanesbrands Inc. (NYSE:HBI) and Tandem Diabetes Care Inc. (NASD:TNDM) respectively in the S&P MidCap 400. All constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600 replacing The Pennant Group Inc. (NASD:PNTG), Unisys Corp. (NYSE:UIS), Organogenesis Holdings Inc. (NASD:ORGO), Surmodics Inc. (NASD:SRDX), Hersha Hospitality Trust (NYSE:HT), Park Aerospace Corp. (NYSE:PKE), Granite Point Mortgage Trust Inc. (NYSE:GPMT), Industrial Logistics Properties Trust (NASD:ILPT), OptimizeRx Corp. (NASD:OPRX), and ZimVie Inc. (NASD:ZIMV) respectively.

  • Kennedy-Wilson Holdings Inc. (NYSE:KW), Atlantic Union Bankshares Corp. (NYSE:AUB), NexTier Oilfield Solutions Inc. (NYSE:NEX) and Radian Group Inc. (NYSE:RDN) will replace WW International Inc. (NASD:WW), Franklin Street Properties Corp. (NYSE American:FSP), Motorcar Parts of America Inc. (NASD:MPAA) and Universal Electronics Inc. (NASD:UEIC) respectively in the S&P SmallCap 600.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name      

Action

Company Name

Ticker

GICS Sector

March 20, 2023

S&P 500

Addition

Fair Isaac & Co

FICO

Information Technology

March 20, 2023

S&P 500

Deletion

Lumen Technologies

LUMN

Communication Services

March 20, 2023

S&P MidCap 400

Addition

Valaris Limited

VAL

Energy

March 20, 2023

S&P MidCap 400

Addition

Axalta Coating Systems

AXTA

Materials

March 20, 2023

S&P MidCap 400

Addition

Autoliv

ALV

Consumer Discretionary

March 20, 2023

S&P MidCap 400

Addition

Starwood Property Trust

STWD

Financials

March 20, 2023

S&P MidCap 400

Addition

SouthState

SSB

Financials

March 20, 2023

S&P MidCap 400

Addition

Chord Energy

CHRD

Energy

March 20, 2023

S&P MidCap 400

Addition

Advanced Drainage Systems

WMS

Industrials

March 20, 2023

S&P MidCap 400

Addition

Hilton Grand Vacations

HGV

Consumer Discretionary

March 20, 2023

S&P MidCap 400

Addition

Hertz Global Holdings

HTZ

Industrials

March 20, 2023

S&P MidCap 400

Addition

Aramark

ARMK

Consumer Discretionary

March 20, 2023

S&P MidCap 400

Addition

US Foods Holding

USFD

Consumer Staples

March 20, 2023

S&P MidCap 400

Deletion

Fair Isaac & Co

FICO

Information Technology

March 20, 2023

S&P MidCap 400

Deletion

Kennametal

KMT

Industrials

March 20, 2023

S&P MidCap 400

Deletion

JBG Smith Properties

JBGS

Real Estate

March 20, 2023

S&P MidCap 400

Deletion

Pebblebrook Hotel Trust

PEB

Real Estate

March 20, 2023

S&P MidCap 400

Deletion

Hanesbrands

HBI

Consumer Discretionary

March 20, 2023

S&P MidCap 400

Deletion

Tandem Diabetes Care

TNDM

Health Care

March 20, 2023

S&P MidCap 400

Deletion

SL Green Realty

SLG

Real Estate

March 20, 2023

S&P MidCap 400

Deletion

Cracker Barrel Old Country Store

CBRL

Consumer Discretionary

March 20, 2023

S&P MidCap 400

Deletion

ViaSat

VSAT

Information Technology

March 20, 2023

S&P MidCap 400

Deletion

Washington Federal

WAFD

Financials

March 20, 2023

S&P MidCap 400

Deletion

Dycom Industries

DY

Industrials

March 20, 2023

S&P SmallCap 600

Addition

Kennedy-Wilson Holdings

KW

Real Estate

March 20, 2023

S&P SmallCap 600

Addition

Atlantic Union Bankshares

AUB

Financials

March 20, 2023

S&P SmallCap 600

Addition

NexTier Oilfield Solutions

NEX

Energy

March 20, 2023

S&P SmallCap 600

Addition

Radian Group

RDN

Financials

March 20, 2023

S&P SmallCap 600

Addition

Lumen Technologies

LUMN

Communication Services

March 20, 2023

S&P SmallCap 600

Addition

SL Green Realty

SLG

Real Estate

March 20, 2023

S&P SmallCap 600

Addition

Cracker Barrel Old Country Store

CBRL

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Addition

ViaSat

VSAT

Information Technology

March 20, 2023

S&P SmallCap 600

Addition

Washington Federal

WAFD

Financials

March 20, 2023

S&P SmallCap 600

Addition

Dycom Industries

DY

Industrials

March 20, 2023

S&P SmallCap 600

Addition

Kennametal

KMT

Industrials

March 20, 2023

S&P SmallCap 600

Addition

JBG Smith Properties

JBGS

Real Estate

March 20, 2023

S&P SmallCap 600

Addition

Pebblebrook Hotel Trust

PEB

Real Estate

March 20, 2023

S&P SmallCap 600

Addition

Hanesbrands

HBI

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Addition

Tandem Diabetes Care

TNDM

Health Care

March 20, 2023

S&P SmallCap 600

Deletion

WW International

WW

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Deletion

Franklin Street Properties

FSP

Real Estate

March 20, 2023

S&P SmallCap 600

Deletion

Motorcar Parts of America

MPAA

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Deletion

Universal Electronics

UEIC

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Deletion

Bed Bath & Beyond

BBBY

Consumer Discretionary

March 20, 2023

S&P SmallCap 600

Deletion

The Pennant Group

PNTG

Health Care

March 20, 2023

S&P SmallCap 600

Deletion

Unisys Corp

UIS

Information Technology

March 20, 2023

S&P SmallCap 600

Deletion

Organogenesis Holdings

ORGO

Health Care

March 20, 2023

S&P SmallCap 600

Deletion

Surmodics

SRDX

Health Care

March 20, 2023

S&P SmallCap 600

Deletion

Hersha Hospitality Trust

HT

Real Estate

March 20, 2023

S&P SmallCap 600

Deletion

Park Aerospace

PKE

Industrials

March 20, 2023

S&P SmallCap 600

Deletion

Granite Point Mortgage Trust

GPMT

Financials

March 20, 2023

S&P SmallCap 600

Deletion

Industrial Logistics Properties

ILPT

Real Estate

March 20, 2023

S&P SmallCap 600

Deletion

OptimizeRx

OPRX

Health Care

March 20, 2023

S&P SmallCap 600

Deletion

ZimVie

ZIMV

Health Care

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

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SOURCE S&P Dow Jones Indices

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