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S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600:
- Ares Management (NYSE: ARES) will replace Kellanova (NYSE: K) in the S&P 500 effective prior to the open of trading on Thursday, December 11. Mars Inc. is acquiring Kellanova in a deal expected to close soon, pending final closing conditions.
- Vital Farms Inc. (NASD: VITL) will replace Heidrick & Struggles Intl Inc. (NASD: HSII) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 11. Advent International and Corvex Private Equity are acquiring Heidrick & Struggles Intl in a deal expected to be completed soon, pending final closing conditions.
- Sezzle Inc. (NASD: SEZL) will replace Vital Energy Inc. (NYSE: VTLE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 15. S&P SmallCap 600 constituent Crescent Energy Co. (NYSE: CRGY) is acquiring Vital Energy in a deal expected to close soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector | |
| Dec 11, 2025 | S&P 500 | Addition | Ares Management | ARES | Financials | |
| Dec 11, 2025 | S&P 500 | Deletion | Kellanova | K | Consumer Staples | |
| Dec 11, 2025 | S&P SmallCap 600 | Addition | Vital Farms | VITL | Consumer Staples | |
| Dec 11, 2025 | S&P SmallCap 600 | Deletion | Heidrick & Struggles Intl | HSII | Industrials | |
| Dec 15, 2025 | S&P SmallCap 600 | Addition | Sezzle | SEZL | Financials | |
| Dec 15, 2025 | S&P SmallCap 600 | Deletion | Vital Energy | VTLE | Energy | |
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View original content:https://www.prnewswire.com/news-releases/ares-management-set-to-join-sp-500-sezzle-and-vital-farms-to-join-sp-smallcap-600-302635867.html
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