Ares Management Set to Join S&P 500; Sezzle and Vital Farms to Join S&P SmallCap 600

PR Newswire
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Ares Management Set to Join S&P 500; Sezzle and Vital Farms to Join S&P SmallCap 600

PR Newswire

NEW YORK, Dec. 8, 2025

NEW YORK, Dec. 8, 2025 /PRNewswire/ -- 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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SOURCE S&P Dow Jones Indices