Market Overview

Kontoor Brands and Arrowhead Pharmaceuticals Set to Join S&P SmallCap 600


NEW YORK, May 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Friday, May 24:

  • Kontoor Brands Inc. (NYSE:KTB) will replace Orion Group Holdings Inc. (NYSE:ORN). S&P 500 constituent V.F. Corp. (NYSE:VFC) is spinning off Kontoor Brands in a deal expected to be completed on or about May 23 pending final conditions. Orion Group is ranked at the bottom of the S&P SmallCap 600 and has a market capitalization that is no longer representative of the small-cap market space.
  • Arrowhead Pharmaceuticals Inc. (NASD: ARWR) will replace The Navigators Group Inc. (NASD: NAVG). S&P 500 constituent The Hartford Financial Services Group Inc. (NYSE:HIG) is acquiring Navigators Group in a transaction expected to be completed on or about May 23 pending final approvals.

Kontoor Brands designs, manufactures, sources, markets, and distributes apparel under the Wrangler and Lee brands. Headquartered in Greensboro, NC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index.

Arrowhead Pharmaceuticals develops medicines for the treatment of intractable diseases. Headquartered in Pasadena, CA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – May 24, 2019





Kontoor Brands

Consumer Discretionary

Apparel, Accessories &
Luxury Goods


Health Care



Orion Group


Construction &

The Navigators


Property & Casualty

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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 become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit


David Blitzer

Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907

S&P Dow Jones Indices

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