Blackstone, Airbnb to Replace Lincoln National, Newell Brands as Part of Major Changes in S&P Indices

September 1, 2023 @ 11:56 am By Michael Wong

S&P Dow Jones Indices (S&P DJI) announced several changes to its indices, including the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600, effective before the opening of trading on Monday, September 18, as part of its quarterly rebalance.

These changes aim to make each index more representative of its market capitalization range.

Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500, respectively. Consequently, Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) in the S&P SmallCap 600.

Deere & Co. (NYSE:DE) will replace Walgreens Boots Alliance Inc. (NASD:WBA) in the S&P 100 as Walgreens Boots Alliance is no longer representative of the mega-cap market space, although it will remain in the S&P 500.

Additionally, several changes will be made to the S&P MidCap 400 and S&P SmallCap 600. For example, Permian Resources Corp. (NYSE:PR) and Gaming and Leisure Properties Inc. (NASD:GLPI) will replace Omnicell Inc. (NASD:OMCL) and Papa John’s International Inc. (NASD:PZZA) in the S&P MidCap 400, respectively. The constituents being removed from the S&P MidCap 400 will be added to the S&P SmallCap 600, replacing other companies like Trinseo plc (NYSE:TSE) and The Aaron’s Company Inc. (NYSE:AAN).

Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) and Blackstone Mortgage Trust Inc. (NYSE:BXMT) will replace FutureFuel Corp. (NYSE:FF) and RE/MAX Holdings Inc. (NYSE:RMAX) in the S&P SmallCap 600, respectively.

Lastly, RBC Bearings Inc. (NYSE:RBC) will replace Hawaiian Electric Industries Inc. (NYSE:HE) in the S&P MidCap 400 as Hawaiian Electric Industries is no longer representative of the mid-cap market space.

S&P DJI is the world’s largest global resource for 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®. 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.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	125	+4.8%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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