NEW YORK, March 17, 2025 -- Bloomberg Indices announced the following changes to the Bloomberg US Large Cap Equity Index (B500) effective prior to the open of trading on Thursday, March 13, to coincide with the semi-annual reconstitution.
Natera Inc. (NTRA), Packaging Corp of America (PKG), Reddit Inc. (RDDT), Robinhood Markets, Inc. (HOOD), Expand Energy Corp (EXE), Texas Pacific Land Corp (TPL), TKO Group Holdings, Inc. (TKO), Toast, Inc. (TOST), TPG Inc., (TPG), Twilio Inc. (TWLO), and Williams-Sonoma Inc. (WSM) have entered the index.
These equities span a variety of sectors, but Technology and Financial Services are most represented amongst this set. Changes to the B500 Index reflect the results of a purely rules-based index design focused on measuring markets with transparency and representativeness beyond market capitalization alone. As a result, the B500 eliminates potential biases and systematically evaluates potential members, which may lead to earlier additions of qualified companies when compared to indices using a committee-based approach.
The B500 is Bloomberg's US Large Cap Price Return Index that contains the 500 most highly capitalized US companies weighted by float market cap. The index reflects a market capitalization of $48.93 trillion with a membership of 500 equities.
Following is the list of membership changes that have taken effect:
Security Ticker | Security Name | BICS Sector | Index Event |
NTRA UW | NATERA INC | Health Care | Add |
PKG UN | PACKAGING CORP OF AMERICA | Materials | Add |
RDDT UN | REDDIT INC-CL A | Communications | Add |
HOOD UW | ROBINHOOD MARKETS INC - A | Financials | Add |
EXE UW | EXPAND ENERGY CORP | Energy | Add |
TPL UN | TEXAS PACIFIC LAND CORP | Energy | Add |
TKO UN | TKO GROUP HOLDINGS INC | Consumer Discretionary | Add |
TOST UN | TOAST INC-CLASS A | Financials | Add |
TPG UW | TPG INC | Financials | Add |
TWLO UN | TWILIO INC - A | Technology | Add |
WSM UN | WILLIAMS-SONOMA INC | Consumer Discretionary | Add |
AES UN | AES CORP | Utilities | Remove |
AMTM UN | AMENTUM HOLDINGS INC | Technology | Remove |
BMRN UW | BIOMARIN PHARMACEUTICAL INC | Health Care | Remove |
CE UN | CELANESE CORP | Materials | Remove |
CAG UN | CONAGRA BRANDS INC | Consumer Staples | Remove |
ENPH UQ | ENPHASE ENERGY INC | Energy | Remove |
SJM UN | JM SMUCKER CO/THE | Consumer Staples | Remove |
MGM UN | MGM RESORTS INTERNATIONAL | Consumer Discretionary | Remove |
MRP UN | MILLROSE PROPERTIES | Consumer Discretionary | Remove |
SIRI UW | SIRIUS XM HOLDINGS INC | Communications | Remove |
CPB UW | THE CAMPBELL'S COMPANY | Consumer Staples | Remove |
WPC UN | WP CAREY INC | Real Estate | Remove |
The B500 is available to Terminal clients at {B500 INDEX <GO>}. All research and methodology for the indices are available at Bloombergindices.com.
About Bloomberg Index Services Limited
Bloomberg's index team has a proven track record in creating industry-leading and bespoke indices across asset classes, including their flagship fixed income, commodity and equity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving investment needs. The indices, which are seamlessly integrated with other Bloomberg solutions, draw on a comprehensive range of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers' products.
About Bloomberg
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