Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ADDs/DELs for SP 500, SP MidCap400, and SP SmallCap600 indices for the September 2026 index rebal event were announced after market close on Friday 4 September 2026.</li>
<li>There are 3 ADD/DELs for the SP 500, all of which will also be added to and deleted from the SP 500 Equal Weight and their corresponding Select Sector indices.</li>
<li>In this insight, we take a look at our final flow expectations for each of these confirmed index changes. </li>
</ul>


The ADDs/DELs for SP 500, SP MidCap400, and SP SmallCap600 indices for the September 2026 index rebal event were announced after market close on Friday 4 September 2026.
There are 3 ADD/DELs for the SP 500, all of which will also be added to and deleted from the SP 500 Equal Weight and their corresponding Select Sector indices.
In this insight, we take a look at our final flow expectations for each of these confirmed index changes. 


Quiddity SP 500 Sep26 Results: Over US$31bn One Way Flow

<ul>
<li>The SP 500 index tracks the 500 largest (mostly profitable) US-listed names and is one of the most highly-tracked indices in the world.</li>
<li>We expect two ADDs and two DELs at the September 2026 rebalance, with some larger names likely skipped over on volatility grounds.</li>
<li>No intra-review changes are expected before the rebal as the pending deals have been pushed out by regulatory challenges.</li>
</ul>


The SP 500 index tracks the 500 largest (mostly profitable) US-listed names and is one of the most highly-tracked indices in the world.
We expect two ADDs and two DELs at the September 2026 rebalance, with some larger names likely skipped over on volatility grounds.
No intra-review changes are expected before the rebal as the pending deals have been pushed out by regulatory challenges.


Quiddity Leaderboard SP500/600 Sep26 Rebal: 2 ADDs/DELs & No Intra-Review Changes Before the Rebal

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/marvell-technology-inc" target="_blank" data-smartkarma-citation="entities:15837:1" rel="noopener">Marvell Technology (MRVL US)</a> is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> and <a href="https://www.smartkarma.com/entities/technipfmc-plc-2f8326ad-9188-44ca-bada-c9b9144835fd" target="_blank" data-smartkarma-citation="entities:13457:1" rel="noopener">TechnipFMC (FTI US)</a> are in MidCap and the top candidates for addition based on high eligibility scores.</li>
<li>
<a href="https://www.smartkarma.com/entities/flex-ltd" target="_blank" data-smartkarma-citation="entities:36680:1" rel="noopener">Flex (FLEX US)</a> is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.</li>
</ul>



Marvell Technology (MRVL US) is the main candidate for addition from TMI but has a reduced probability of inclusion due to sector balance.

Flex (FLEX US) and TechnipFMC (FTI US) are in MidCap and the top candidates for addition based on high eligibility scores.

Flex (FLEX US) is projected for double inclusion to S&amp;P500 and Nasdaq100 on 19 June.


S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>In 2017, beer recorded a 1% decline as total volume sales amount to 4.5 billion litres.</li><li>Craft and premiumisation had the biggest impact on beer in 2017.</li><li>Flavoured/mixed lager recorded the strongest total volume growth of 19% to reach sales of 88 million litres in 2017.</li><li>The average unit price of beer increased by 3% in current 2017 terms.</li><li>Heineken UK Ltd remained the leading player in beer in 2017, closely followed by Inbev UK Ltd.</li><li>Total volume sales of beer are expected to rise at a marginal CAGR over the forecast period, amounting to 4.5 billion litres in 2022.</li></ul>

In 2017, beer recorded a 1% decline as total volume sales amount to 4.5 billion litres.Craft and premiumisation had the biggest impact on beer in 2017.Flavoured/mixed lager recorded the strongest total volume growth of 19% to reach sales of 88 million litres in 2017.The average unit price of beer increased by 3% in current 2017 terms.Heineken UK Ltd remained the leading player in beer in 2017, closely followed by Inbev UK Ltd.Total volume sales of beer are expected to rise at a marginal CAGR over the forecast period, amounting to 4.5 billion litres in 2022.

Sector Capsule: Beer in the United Kingdom

<ul><li>Total volume sales of beer increase by 3% in 2016, to reach 534 million litres</li></ul><ul><li>Younger consumers are playing an increasingly important role in beer</li></ul><ul><li>Lager posts the fastest growth, rising by 3% in total volume terms in 2016</li></ul><ul><li>The average unit price sees little change, as players continue to discount during peak beer-drinking seasons</li></ul><ul><li>Taiwan Tobacco &amp; Liquor Corp remains the leader in beer in 2016, despite a weakening position due to the strong competition</li></ul><ul><li>Total volume sales are anticipated to increase by a CAGR of 1% in the forecast period, to reach 570 million litres</li></ul>

Total volume sales of beer increase by 3% in 2016, to reach 534 million litresYounger consumers are playing an increasingly important role in beerLager posts the fastest growth, rising by 3% in total volume terms in 2016The average unit price sees little change, as players continue to discount during peak beer-drinking seasonsTaiwan Tobacco &amp; Liquor Corp remains the leader in beer in 2016, despite a weakening position due to the strong competitionTotal volume sales are anticipated to increase by a CAGR of 1% in the forecast period, to reach 570 million litres

United States

Molson Coors Brewing Company operates as a brewing company. The Company brews and produces beer. Molson Coors Brewing serves customers worldwide.

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Molson Coors Brewing Co B (TAP US)

Quiddity SP 500 Sep26 Results: Over US$31bn One Way Flow

Three ADDs and three DELs for the SP 500 in Sep 2026, driving over ~US$31bn of one-way flow across the SP 500, the Select Sector indices and the SP...

Anjana Amarasuriya

Quiddity Leaderboard SP500/600 Sep26 Rebal: 2 ADDs/DELs & No Intra-Review Changes Before the Rebal

Cheniere Energy (LNG US) posted ~US$3.07bn of net income in its Q2 2026 results on 6 August 2026, clearing the SP 500 financial viability...

Anjana Amarasuriya

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Sector Capsule: Beer in the United Kingdom

In 2017, beer recorded a 1% decline as total volume sales amount to 4.5 billion litres. Craft and premiumisation had the biggest impact on beer in...

Euromonitor International Ltd.

Sector Briefing: Beer in Taiwan

Total volume sales of beer increase by 3% in 2016, to reach 534 million litresYounger consumers are playing an increasingly important role in...

Euromonitor International Ltd.

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Quiddity SP 500 Sep26 Results: Over US$31bn One Way Flow

Three ADDs and three DELs for the SP 500 in Sep 2026, driving over ~US$31bn of one-way flow across the SP 500, the Select Sector indices and the SP...

Anjana Amarasuriya

Quiddity Leaderboard SP500/600 Sep26 Rebal: 2 ADDs/DELs & No Intra-Review Changes Before the Rebal

Cheniere Energy (LNG US) posted ~US$3.07bn of net income in its Q2 2026 results on 6 August 2026, clearing the SP 500 financial viability...

Anjana Amarasuriya

S&P500 June 2026 Forecast: FLEX, FTI & MTZ Leading the Pack

​MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...

Dimitris Ioannidis

Sector Capsule: Beer in the United Kingdom

In 2017, beer recorded a 1% decline as total volume sales amount to 4.5 billion litres. Craft and premiumisation had the biggest impact on beer in...

Euromonitor International Ltd.

Sector Briefing: Beer in Taiwan

Total volume sales of beer increase by 3% in 2016, to reach 534 million litresYounger consumers are playing an increasingly important role in...

Euromonitor International Ltd.

MRVL faces reduced probability due to sector balance; FLEX and FTI are top candidates for addition based on high eligibility scores, with FLEX...