Every June, Russell FTSE updates its indices’ holdings— this morning concluded the multi-week process. The Russell 1000, 2000, and 3000 look different to reflect the market.
Retail made its presence known. Memestocks like AMC and GameStop are very much present. AMC Entertainment became the largest holding in the Russell 2000. GameStop left the small-cap index to join the big boys in the Russell 1000. 🎮 🚀 🚀
AMC towers above others in the Russell 2000’s rebalance. According to the largest Russell 2000 ETF, the four next-largest holdings are Arrowhead Pharmaceuticals, Ovintiv, Lattice Semiconductor, and II-VI INC.
The large-cap Russell 1000 index had few surprises. Tesla and JPMorgan Chase hopped into the top ten. 🏆
Additions to the Russell 2000 (which also appear in the Russell 3000) include Asana, fuboTV, Fisker, AppHarvest, QuantumScape, Lordstown Motors, WIX.COM, and others. The full list of additions is available here.