PR Newswire
NEW YORK
, Sept. 5, 2025 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 22, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
- Uber Technologies Inc. (NYSE: UBER) will replace Charter Communications Inc. (NASD: CHTR) in the S&P 100. Charter Communications will remain in the S&P 500.
- AppLovin Corp. (NASD: APP), Robinhood Markets Inc. (NASD: HOOD) and S&P MidCap 400 constituent Emcor Group Inc. (NYSE: EME) will replace MarketAxess Holdings Inc. (NASD: MKTX), Caesars Entertainment Inc. (NASD: CZR), and Enphase Energy Inc. (NASD: ENPH) in the S&P 500, respectively. S&P SmallCap 600 constituents MP Materials Corp. (NYSE: MP) and Kratos Defense & Security Solutions Inc. (NASD: KTOS) will replace Emcor Group and The Wendy’s Company (NASD: WEN) in the S&P MidCap 400, respectively. MarketAxess Holdings, Caesars Entertainment, Enphase Energy and The Wendy’s Company will replace ProPetro Holdings Corp. (NYSE: PUMP), Xerox Holdings (NASD: XRX), MP Materials Corp, and Kratos Defense & Security Solutions in the S&P SmallCap 600, respectively.
- Nutanix Inc. (NASD: NTNX) and TransUnion (NYSE: TRU) will replace Acadia Healthcare Company Inc. (NASD: ACHC) and ManpowerGroup Inc. (NYSE: MAN) in the S&P MidCap 400, respectively. Acadia Healthcare and ManpowerGroup will replace TechTarget Inc. (NASD: TTGT) and Mesa Laboratories Inc. (NASD: MLAB) in the S&P SmallCap 600, respectively.
- Noble Corporation plc (NYSE: NE), Q2 Holdings Inc. (NYSE: QTWO), Waystar Holding Corp. (NASD: WAY) and Hecla Mining Co. (NYSE: HL) will replace Owens & Minor Inc. (NYSE: OMI), B&G Food Inc. (NYSE: BGS), Jack in the Box Inc. (NASD: JACK) and Simulations Plus Inc. (NASD: SLP) in the S&P SmallCap 600, respectively.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
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S&P 100 |
Addition |
Uber Technologies |
UBER |
Industrials |
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S&P 100 |
Deletion |
Charter Communications |
CHTR |
Communications Services |
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S&P 500 |
Addition |
AppLovin |
APP |
Information Technology |
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S&P 500 |
Addition |
Robinhood Markets |
HOOD |
Financials |
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S&P 500 |
Addition |
Emcor Group |
EME |
Industrials |
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S&P 500 |
Deletion |
MarketAxess Holdings |
MKTX |
Financials |
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S&P 500 |
Deletion |
Caesars Entertainment |
CZR |
Consumer Discretionary |
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S&P 500 |
Deletion |
Enphase Energy |
ENPH |
Information Technology |
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S&P MidCap 400 |
Addition |
Nutanix |
NTNX |
Information Technology |
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S&P MidCap 400 |
Addition |
TransUnion |
TRU |
Industrials |
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S&P MidCap 400 |
Addition |
MP Materials |
MP |
Materials |
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S&P MidCap 400 |
Addition |
Kratos Defense & Security Solutions |
KTOS |
Industrials |
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S&P MidCap 400 |
Deletion |
Emcor Group |
EME |
Industrials |
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S&P MidCap 400 |
Deletion |
The Wendy’s Company |
WEN |
Consumer Discretionary |
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S&P MidCap 400 |
Deletion |
Acadia Healthcare Company |
ACHC |
Health Care |
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S&P MidCap 400 |
Deletion |
ManpowerGroup |
MAN |
Industrials |
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S&P SmallCap 600 |
Addition |
MarketAxess Holdings |
MKTX |
Financials |
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S&P SmallCap 600 |
Addition |
Caesars Entertainment |
CZR |
Consumer Discretionary |
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S&P SmallCap 600 |
Addition |
Enphase Energy |
ENPH |
Information Technology |
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S&P SmallCap 600 |
Addition |
The Wendy’s Company |
WEN |
Consumer Discretionary |
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S&P SmallCap 600 |
Addition |
Acadia Healthcare Company |
ACHC |
Health Care |
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S&P SmallCap 600 |
Addition |
ManpowerGroup |
MAN |
Industrials |
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S&P SmallCap 600 |
Addition |
Noble Corporation |
NE |
Energy |
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S&P SmallCap 600 |
Addition |
Q2 Holdings |
QTWO |
Information Technology |
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S&P SmallCap 600 |
Addition |
Waystar Holding |
WAY |
Health Care |
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S&P SmallCap 600 |
Addition |
Hecla Mining |
HL |
Materials |
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S&P SmallCap 600 |
Deletion |
MP Materials |
MP |
Materials |
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S&P SmallCap 600 |
Deletion |
Kratos Defense & Security Solutions |
KTOS |
Industrials |
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S&P SmallCap 600 |
Deletion |
ProPetro Holding |
PUMP |
Energy |
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S&P SmallCap 600 |
Deletion |
Xerox Holdings |
XRX |
Information Technology |
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S&P SmallCap 600 |
Deletion |
TechTarget |
TTGT |
Communication Services |
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S&P SmallCap 600 |
Deletion |
Mesa Laboratories |
MLAB |
Health Care |
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S&P SmallCap 600 |
Deletion |
Owens & Minor |
OMI |
Health Care |
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S&P SmallCap 600 |
Deletion |
B&G Foods |
BGS |
Consumer Staples |
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S&P SmallCap 600 |
Deletion |
Jack in the Box |
JACK |
Consumer Discretionary |
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S&P SmallCap 600 |
Deletion |
Simulations Plus |
SLP |
Health Care |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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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