Rivian (RIVN) to Join Nasdaq 100 Index

Rivian Nasdaq 100 Rivian Automotive

Rivian (RIVN) would be among the six companies to enter the Nasdaq 100 index on December 19, which represents the 100 biggest companies listed on the Nasdaq exchange.

The other five companies that will be added to Nasdaq 100 index are Warner Bros Discovery (WBD), Costar Group (CSGP), Global Foundries (GFS), Baker Hughes (BKR), and Diamondback Energy (FANG).

Hedge funds, ETF’s and other managed funds that use Nasdaq 100 as the benchmark index need to buy the stocks according to the weights in the index.

The rebalancing in Nasdaq 100 takes place every year on the third Friday of December, to adjust for the changes in the market capitalization of the listed companies. The new additions to the index will take the place of Verisign (VRSN), Skyworks Solutions (SWKS), Baidu (BIDU), Splunk (SPLK), Match Group (MTCH), DocuSign (DOCU) and Wisdom Tree Trust Emerging Markets Efficient (NTSE).

Nasdaq 100 Constituents and Weights

1Apple IncAAPL12.943
2Microsoft CorpMSFT10.369
3Amazon.com IncAMZN5.142
5Alphabet IncGOOG3.249
6Alphabet IncGOOGL3.153
7Tesla IncTSLA3.153
8PepsiCo IncPEP2.375
9Meta Platforms IncMETA2.242
10Broadcom IncAVGO2.073
11Costco Wholesale CorpCOST2.011
12Cisco Systems IncCSCO1.886
13T-Mobile US IncTMUS1.669
14Texas Instruments IncTXN1.497
15Comcast CorpCMCSA1.462
16Adobe IncADBE1.454
17Amgen IncAMGN1.401
18Honeywell International IncHON1.34
19Netflix IncNFLX1.338
21Starbucks CorpSBUX1.098
22Intel CorpINTC1.09
23Intuit IncINTU1.06
24Advanced Micro Devices IncAMD1.041
25Gilead Sciences IncGILD1.036
26Automatic Data Processing IncADP1.004
27Intuitive Surgical IncISRG0.908
28Applied Materials IncAMAT0.868
29Mondelez International IncMDLZ0.864
30Analog Devices IncADI0.815
31PayPal Holdings IncPYPL0.8
32Regeneron Pharmaceuticals IncREGN0.756
33Booking Holdings IncBKNG0.754
34Vertex Pharmaceuticals IncVRTX0.753
35Moderna IncMRNA0.652
36CSX CorpCSX0.632
37Fiserv IncFISV0.605
38Lam Research CorpLRCX0.58
39Charter Communications IncCHTR0.575
40Micron Technology IncMU0.569
41Activision Blizzard IncATVI0.553
42KLA CorpKLAC0.524
43Keurig Dr Pepper IncKDP0.505
44Monster Beverage CorpMNST0.495
45O’Reilly Automotive IncORLY0.493
46Marriott International Inc/MDMAR0.492
47ASML Holding NVASML0.484
48Synopsys IncSNPS0.468
49American Electric Power Co IncAEP0.466
50Kraft Heinz Co/TheKHC0.46
51Palo Alto Networks IncPANW0.446
52Cintas CorpCTAS0.435
53Dexcom IncDXCM0.43
54MercadoLibre IncMELI0.424
55Cadence Design Systems IncCDNS0.421
56NXP Semiconductors NVNXPI0.419
57Enphase Energy IncENPH0.407
58Paychex IncPAYX0.404
59Pinduoduo Inc ADRPDD0.395
60Autodesk IncADSK0.394
61Microchip Technology IncMCHP0.394
62Biogen IncBIIB0.389
63AstraZeneca PLC ADRAZN0.387
64Exelon CorpEXC0.387
65Fortinet IncFTNT0.386
66Ross Stores IncROST0.378
67Lululemon Athletica IncLULU0.375
68Xcel Energy IncXEL0.359
69Airbnb IncABNB0.355
70Marvell Technology IncMRVL0.333
72IDEXX Laboratories IncIDXX0.329
73Walgreens Boots Alliance IncWBA0.328
74Electronic Arts IncEA0.326
75Workday IncWDAY0.32
76Old Dominion Freight Line IncODFL0.307
77Illumina IncILMN0.304
78Dollar Tree IncDLTR0.3
79Copart IncCPRT0.285
80Cognizant Technology Solutions CorpCTSH0.284
81JD.com Inc ADRJD0.277
82Constellation Energy CorpCEG0.275
83Fastenal CoFAST0.275
84Verisk Analytics IncVRSK0.269
85Crowdstrike Holdings IncCRWD0.232
86eBay IncEBAY0.225
87Sirius XM Holdings IncSIRI0.224
88Seagen IncSGEN0.215
89Baidu Inc ADRBIDU0.205
90Datadog IncDDOG0.204
91VeriSign IncVRSN0.199
92ANSYS IncANSS0.198
93Atlassian CorpTEAM0.187
94Zoom Video Communications IncZM0.17
95Zscaler IncZS0.156
96Skyworks Solutions IncSWKS0.143
97Align Technology IncALGN0.139
98Lucid Group IncLCID0.137
99Splunk IncSPLK0.134
100Match Group IncMTCH0.116
101NetEase Inc ADRNTES0.107
102DocuSign IncDOCU0.092
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