NASDAQ Financial-100

The NASDAQ Financial-100 is a specialty index operated by NASDAQ that follows stocks in the financial services index. It was created in 1985 as the sister index to the more widely followed NASDAQ-100. As designed by NASDAQ, this index follows companies that engage in banking, insurance, mortgages and securities trading. It also has exchanges among its components, including NASDAQ itself.[1]

Standards for eligibility

To qualify for membership in the index, the following standards must be met:

  • It must engage in one of these categories: banking, insurance, security trading, brokerage, mortgages, debt collection, and real estate.
  • It must be seasoned on the NASDAQ for a period of three months.
  • It must be current in regards to SEC filings.
  • It cannot be in bankruptcy.
  • If a company has multiple classes of stock, all classes that meet minimum market capitalization standards will be included. At this moment, however, all companies in the index have only one class of stock in this index.
  • Unlike the NASDAQ-100 index, there are no minimum weight requirements, and no volume minimums to meet either.

Like the NASDAQ-100, the index is rebalanced annually, but in June. Components that are in the top 100 of financial companies are allowed to remain in the index. If a component is between positions 101 to 125, it is given a year to move into the top 100 of eligible stocks; if it cannot meet this standard, the stock is then dropped. Any component that is not in the top 125 at the time of rebalance is dropped. All vacancies, including those done whenever a corporate action makes a component ineligible, through acquisition or delisting, are filled by the highest ranked component not in the index. Unlike the NASDAQ-100, where changes are announced in advance, changes in the NASDAQ Financial-100 are not made public by NASDAQ.

Components

For the latest component information, please refer to the NASDAQ's website.[2]

  1. 360 DigiTech
  2. AGNC Investment
  3. American National Insurance Company
  4. Ameris Bancorp
  5. Arch Capital Group Ltd.
  6. Atlantic Union Bankshares
  7. B. Riley Financial
  8. BancFirst
  9. Bank OZK
  10. Banner Corporation
  11. BOK Financial Corporation
  12. Brighthouse Financial, Inc.
  13. Capitol Federal Financial, Inc
  14. Cathay General Bancorp
  15. Cincinnati Financial Corporation
  16. CME Group, Inc.
  17. Coinbase
  18. Columbia Banking System
  19. Columbia Financial
  20. Commerce Bancshares, Inc.
  21. Credit Acceptance Corporation
  22. CVB Financial
  23. East West Bancorp, Inc.
  24. Eastern Bankshares
  25. eHealth, Inc
  26. Enstar Group
  27. Erie Indemnity Group
  28. Fifth Third Bancorp
  29. First Citizens Bancshares, Inc
  30. First Financial Bancorp
  31. First Financial Bankshares
  32. First Hawaiian, Inc.
  33. First Merchants Corporation
  34. FirstCash
  35. Focus Financial Partners
  36. Fulton Financial Corporation
  37. Futu
  38. Glacier Bancorp, Inc.
  39. Goosehead Insurance
  40. Hamilton Lane
  41. Hancock Whitney
  42. Heartland Financial USA
  43. Huntington Bancshares Incorporated
  44. Independent Bank Corp
  45. Independent Bank Group
  46. Interactive Brokers
  47. International Bancshares Corporation
  48. Investors Bancorp, Inc.
  49. Kinsale Capital Group
  50. LendingTree, Inc.
  51. Live Oak Bancshares
  52. LPL Financial Holdings Inc.
  53. MarketAxess Holdings, Inc.
  54. Morningstar, Inc.
  55. Nasdaq, Inc.
  56. Navient Corporation
  57. NMI Holdings
  58. Northern Trust Corporation
  59. Old National Bancorp
  60. Open Lending
  61. Opendoor Technologies
  62. Pacific Premier Bancorp
  63. PacWest Bancorp
  64. Pinnacle Financial Partners, Inc.
  65. Popular, Inc.
  66. Principal Financial Group
  67. Renasant Corporation
  68. Sandy Spring Bancorp
  69. Seacoast Banking Corporation of Florida
  70. SEI Investments Company
  71. Selective Insurance Group
  72. Signature Bank
  73. Simmons First National Corporation
  74. SLM Corporation
  75. South State Corporation
  76. SVB Financial Group
  77. T. Rowe Price Group, Inc.
  78. Texas Capital Bancshares, Inc.
  79. TFS Financial
  80. The Carlyle Group
  81. Towne Bank
  82. Tradeweb Markets
  83. Triumph Bancorp
  84. Trupanion
  85. Trustmark Bank
  86. UMB Financial Corporation
  87. Umpqua Holdings Corporation
  88. United Bankshares, Inc.
  89. United Community Banks, Inc.
  90. Upstart Holdings
  91. Valley National Bancorp
  92. Virtu Financial
  93. Virtus Investment Partners
  94. Washington Federal, Inc.
  95. WesBanco, Inc.
  96. Westamerica Bancorporation
  97. Wintrust Financial Corporation
  98. WSFS Financial Corporation
  99. XP Inc.
  100. Zions Bancorporation

References
  1. "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
  2. "NASDAQ Financial 100 (IXF)". The NASDAQ Group, Inc. Retrieved 2015-09-19.
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