Updated: 31 August 2026

S&P/ASX 200 Companies

Q: How do I find out what stocks will be added to the ASX 200?

S&P announces index changes about four weeks before each rebalance. Stocks most likely to be added are those outside the index with a market cap above the smallest current member.

Q: Where does this ASX 200 company list come from?

The list is sourced daily from the iShares Core S&P/ASX 200 ETF (ASX: IOZ) holdings published by BlackRock — one of the most reliable publicly available sources for the current index composition.

All 199 companies in the S&P/ASX 200 index with current short interest data from ASIC. Membership sourced daily from the iShares IOZ ETF holdings (BlackRock).

199

Index Members

≥5% Short Interest

$3.51T

Total Market Cap

Q3 2026

Next Rebalance

All 199 CompaniesSorted by market cap

#	Stock	Sector	Mkt Cap	Short %	DTC
1	BHP BHP GROUP LIMITED ORDINARY	Materials	$336.6B	1.2%	—
2	RIO RIO TINTO LIMITED ORDINARY	Materials	$284.3B	9.7%	—
3	CBA COMMONWEALTH BANK. ORDINARY	Financials	$267.4B	2.1%	—
4	NEM NEWMONT CORPORATION CDI1:1FOREXEMPT NYSE	Materials	$186.6B	2.7%	—
5	NAB NATIONAL AUST. BANK ORDINARY	Financials	$118.3B	1.3%	—
6	WBC WESTPAC BANKING CORP ORDINARY	Financials	$118.0B	1.9%	—
7	ANZ ANZ GROUP HOLDINGS ORDINARY	Financials	$112.0B	1.0%	—
8	MQG MACQUARIE GROUP LTD ORDINARY	Financials	$95.5B	0.4%	—
9	WES WESFARMERS LIMITED ORDINARY	Consumer Discretionary	$90.2B	1.3%	—
10	CSL CSL LIMITED ORDINARY	Health Care	$82.2B	1.6%	—
11	XYZ BLOCK INC CDI 1:1 NYSE	Financials	$69.8B	0.9%	—
12	WDS WOODSIDE ENERGY ORDINARY	Energy	$61.6B	3.3%	—
13	GMG GOODMAN GROUP FPO/UNITS STAPLED	Real Estate	$56.7B	1.5%	—
14	FMG FORTESCUE LTD ORDINARY	Materials	$54.5B	3.1%	—
15	TLS TELSTRA GROUP ORDINARY	Communication Services	$52.0B	1.2%	—
16	WOW WOOLWORTHS GROUP LTD ORDINARY	Consumer Staples	$49.2B	1.1%	—
17	RMD RESMED INC CDI 10:1 FOR. EXEMPT	Health Care	$47.7B	0.5%	—
18	TCL TRANSURBAN GROUP FPO/UNITS STAPLED	Industrials	$44.6B	1.5%	—
19	ALL ARISTOCRAT LEISURE ORDINARY	Consumer Discretionary	$36.4B	0.9%	—
20	NST NORTHERN STAR ORDINARY	Materials	$33.4B	1.5%	—
21	QBE QBE INSURANCE GROUP ORDINARY	Financials	$33.3B	0.2%	—
22	COL COLES GROUP ORDINARY	Consumer Staples	$32.3B	1.0%	—
23	SIG SIGMA HEALTH LTD ORDINARY	Health Care	$30.9B	3.4%	—
24	EVN EVOLUTION MINING LTD ORDINARY	Materials	$30.4B	4.2%	—
25	AMC AMCOR PLC CDI1:1FOREXEMPT NYSE	Materials	$30.0B	1.1%	—
26	STO SANTOS LTD ORDINARY	Energy	$26.4B	0.4%	—
27	NWS NEWS CORP.. B VOTING CDI 1:1	Communication Services	$26.2B	1.7%	—
28	BXB BRAMBLES LIMITED ORDINARY	Industrials	$26.1B	0.7%	—
29	JHX JAMES HARDIE INDUST CHESS DEPOSITARY INT	Materials	$24.1B	3.5%	—
30	REA REA GROUP ORDINARY	Communication Services	$23.2B	4.0%	—
31	S32 SOUTH32 LIMITED ORDINARY	Materials	$23.1B	1.0%	—
32	CPU COMPUTERSHARE LTD ORDINARY	Industrials	$23.0B	0.5%	—
33	FPH FISHER & PAYKEL H. ORD FOR. EXEMPT NZX	Health Care	$21.3B	0.1%	—
34	ORG ORIGIN ENERGY ORDINARY	Utilities	$20.0B	1.3%	—
35	SUN SUNCORP GROUP LTD ORDINARY	Financials	$20.0B	1.3%	—
36	SCG SCENTRE GRP FPO/UNITS STAPLED	Real Estate	$18.8B	0.5%	—
37	PME PRO MEDICUS LIMITED ORDINARY	Health Care	$18.7B	4.4%	—
38	IAG INSURANCE AUSTRALIA ORDINARY	Financials	$18.4B	1.0%	—
39	AAI ALCOA CORPORATION CDI 1:1 FOR. EXEMPT	Materials	$18.3B	2.4%	—
40	PLS PLS GROUP LTD ORDINARY	Materials	$17.4B	11.2%	—
41	SOL SOUL PATTINSON (W.H) ORDINARY	Financials	$16.9B	3.4%	—
42	SG SGH SGH LIMITED ORDINARY	Industrials	$16.1B	1.5%	—
43	LYC LYNAS RARE EARTHS ORDINARY	Materials	$16.0B	10.3%	—
44	XRO XERO LTD ORDINARY	Information Technology	$14.6B	5.1%	—
45	APA APA GROUP UNITS STAPLED	Utilities	$14.4B	1.5%	—
46	QAN QANTAS AIRWAYS ORDINARY	Industrials	$14.3B	0.8%	—
47	BSL BLUESCOPE STEEL LTD ORDINARY	Materials	$13.6B	0.7%	—
48	WTC WISETECH GLOBAL LTD ORDINARY	Information Technology	$13.6B	8.6%	—
49	MPL MEDIBANK PRIVATE LTD ORDINARY	Financials	$13.3B	3.0%	—
50	MIN MINERAL RESOURCES. ORDINARY	Materials	$12.8B	4.2%	—
51	CSC CAPSTONECORP CDI1:1FOREXEMPT TSX	Materials	$12.4B	0.6%	—
52	AIA AUCKLAND INTERNATION ORD FOR.EXEMPT NZX	Industrials	$12.3B	1.0%	—
53	RHC RAMSAY HEALTH CARE ORDINARY	Health Care	$11.8B	5.5%	—
54	IFT INFRATIL LIMITED. ORD FOR.EXEMPT NZX	Industrials	$11.8B	0.8%	—
55	VCX VICINITY CENTRES FPO/UNITS STAPLED	Real Estate	$11.6B	2.7%	—
56	ALQ ALS LTD ORDINARY	Industrials	$11.3B	0.8%	—
57	TLC THE LOTTERY CORP ORDINARY	Consumer Discretionary	$11.1B	5.5%	—
58	ASX ASX LIMITED ORDINARY	Financials	$11.0B	5.4%	—
59	SFR SANDFIRE RESOURCES ORDINARY	Materials	$10.7B	2.5%	—
60	TNE TECHNOLOGY ONE ORDINARY	Information Technology	$10.7B	1.8%	—
61	SGP STOCKLAND FPO/UNITS STAPLED	Real Estate	$10.6B	6.0%	—
62	NXT NEXTDC LIMITED ORDINARY	Information Technology	$10.5B	7.7%	—
63	CAR CAR GROUP LIMITED ORDINARY	Communication Services	$10.5B	12.0%	—
64	REH REECE LIMITED ORDINARY	Industrials	$10.4B	2.2%	—
65	ORI ORICA LIMITED ORDINARY	Materials	$10.3B	0.2%	—
66	ALD AMPOL LIMITED ORDINARY	Energy	$10.3B	1.8%	—
67	LNW LIGHT & WONDER INC. CDI 1:1	Consumer Discretionary	$9.9B	0.6%	—
68	SHL SONIC HEALTHCARE ORDINARY	Health Care	$9.7B	8.0%	—
69	GMD GENESIS MINERALS ORDINARY	Materials	$9.6B	9.4%	—
70	NXG NEXGENENERGYCANADA CDI1:1 FOREXEMPT TSX	Energy	$9.6B	2.3%	—
71	CHC CHARTER HALL GROUP STAPLED US PROHIBIT.	Real Estate	$9.1B	0.7%	—
72	GPT GPT GROUP FPO/UNITS STAPLED	Real Estate	$9.0B	0.5%	—
73	COH COCHLEAR LIMITED ORDINARY	Health Care	$8.8B	9.2%	—
74	PRU PERSEUS MINING LTD ORDINARY	Materials	$8.6B	0.3%	—
75	CDA CODAN LIMITED ORDINARY	Information Technology	$8.5B	0.2%	—
76	YAL YANCOAL AUST LTD ORDINARY	Energy	$8.2B	0.6%	—
77	GGP GREATLAND RESOURCES ORDINARY	Materials	$8.0B	1.8%	—
78	CMM CAPRICORN METALS ORDINARY	Materials	$7.5B	0.6%	—
79	TPG TPG TELECOM LIMITED. ORDINARY	Communication Services	$7.4B	0.1%	—
80	JBH JB HI-FI LIMITED ORDINARY	Consumer Discretionary	$7.3B	4.8%	—
81	RMS RAMELIUS RESOURCES ORDINARY	Materials	$7.2B	1.2%	—
82	MGR MIRVAC GROUP FPO/UNITS STAPLED	Real Estate	$7.2B	1.2%	—
83	WHC WHITEHAVEN COAL ORDINARY	Energy	$7.0B	1.4%	—
84	VAU VAULT MINERALS LTD ORDINARY	Materials	$6.9B	0.2%	—
85	ALX ATLAS ARTERIA FPOSTUSPROHEXCLQIBQP	Industrials	$6.7B	1.4%	—
86	DNL DYNO NOBEL LTD ORDINARY	Materials	$6.6B	1.4%	—
87	IGO IGO LIMITED ORDINARY	Materials	$6.6B	0.8%	—
88	SDF STEADFAST GROUP LTD ORDINARY	Financials	$6.5B	1.2%	—
89	CGF CHALLENGER LIMITED ORDINARY	Financials	$6.4B	0.2%	—
90	RRL REGIS RESOURCES ORDINARY	Materials	$6.3B	2.1%	—
91	DXS DEXUS UNITS STAPLED	Real Estate	$6.2B	2.9%	—
92	HUB HUB24 LTD ORDINARY	Financials	$6.2B	1.2%	—
93	BEN BENDIGO AND ADELAIDE ORDINARY	Financials	$6.2B	4.5%	—
94	AZJ AURIZON HOLDINGS LTD ORDINARY	Industrials	$6.2B	1.1%	—
95	APE EAGERS AUTOMOTIVE ORDINARY	Consumer Discretionary	$6.0B	2.5%	—
96	WGX WESTGOLD RESOURCES. ORDINARY	Materials	$6.0B	1.0%	—
97	CWY CLEANAWAY WASTE LTD ORDINARY	Industrials	$5.8B	1.9%	—
98	AMP AMP LIMITED ORDINARY	Financials	$5.8B	0.8%	—
99	AGL AGL ENERGY LIMITED. ORDINARY	Utilities	$5.8B	4.6%	—
100	ANN ANSELL LIMITED ORDINARY	Health Care	$5.7B	1.9%	—
101	EDV ENDEAVOUR ORDINARY	Consumer Staples	$5.6B	8.7%	—
102	HVN HARVEY NORMAN ORDINARY	Consumer Discretionary	$5.3B	2.1%	—
103	NWL NETWEALTH GROUP ORDINARY	Financials	$5.3B	0.6%	—
104	SEK SEEK LIMITED ORDINARY	Communication Services	$5.3B	1.8%	—
105	PDN PALADIN ENERGY LTD ORDINARY	Energy	$5.2B	11.1%	—
106	TLX TELIX PHARMACEUTICAL ORDINARY	Health Care	$5.2B	10.5%	—
107	NHC NEW HOPE CORPORATION ORDINARY	Energy	$5.1B	4.9%	—
108	WOR WORLEY LIMITED ORDINARY	Industrials	$5.0B	1.8%	—
109	VEA VIVA ENERGY GROUP ORDINARY	Energy	$4.9B	0.4%	—
110	A2M THE A2 MILK COMPANY ORDINARY	Consumer Staples	$4.8B	7.7%	—
111	SGM SIMS LIMITED ORDINARY	Materials	$4.7B	0.6%	—
112	BRG BREVILLE GROUP LTD ORDINARY	Consumer Discretionary	$4.7B	8.4%	—
113	EMR EMERALD RES NL ORDINARY	Materials	$4.6B	2.5%	—
114	VNT VENTIASERVICESGROUP ORDINARY	Industrials	$4.5B	1.0%	—
115	TWE TREASURY WINE ESTATE ORDINARY	Consumer Staples	$4.4B	12.0%	—
116	DOW DOWNER EDI LIMITED ORDINARY	Industrials	$4.3B	0.3%	—
117	WAF WEST AFRICAN RES LTD ORDINARY	Materials	$4.3B	0.2%	—
118	BOQ BANK OF QUEENSLAND. ORDINARY	Financials	$4.3B	3.5%	—
119	PNI PINNACLE INVESTMENT ORDINARY	Financials	$4.1B	5.4%	—
120	MP1 MEGAPORT LIMITED ORDINARY	Information Technology	$4.0B	2.5%	—
121	GQG GQG PARTNERS CDI1:1 USPROHEXCLQIB	Financials	$3.9B	1.1%	—
122	LTR LIONTOWN LIMITED ORDINARY	Materials	$3.9B	4.2%	—
123	AUB AUB GROUP LTD ORDINARY	Financials	$3.8B	4.0%	—
124	NIC NICKEL INDUSTRIES ORDINARY	Materials	$3.7B	0.7%	—
125	FBU FLETCHER BUILDING ORD FOR. EXEMPT NZX	Industrials	$3.5B	2.7%	—
126	NWH NRW HOLDINGS LIMITED ORDINARY	Industrials	$3.5B	0.1%	—
127	NHF NIB HOLDINGS LIMITED ORDINARY	Financials	$3.3B	2.7%	—
128	MTS METCASH LIMITED ORDINARY	Consumer Staples	$3.2B	3.6%	—
129	CNU CHORUS LIMITED ORD FOR.EXEMPT NZX	Communication Services	$3.2B	1.6%	—
130	RWC RELIANCE WORLDWIDE ORDINARY	Industrials	$3.1B	1.1%	—
131	ZIP ZIP CO LTD.. ORDINARY	Financials	$3.1B	10.6%	—
132	MSB MESOBLAST LIMITED ORDINARY	Health Care	$3.1B	7.3%	—
133	SUL SUPER RET REP LTD ORDINARY	Consumer Discretionary	$3.0B	3.8%	—
134	ILU ILUKA RESOURCES ORDINARY	Materials	$3.0B	6.7%	—
135	OBM ORA BANDA MINING LTD ORDINARY	Materials	$2.9B	2.9%	—
136	RSG RESOLUTE MINING ORDINARY	Materials	$2.9B	0.6%	—
137	MND MONADELPHOUS GROUP ORDINARY	Industrials	$2.9B	0.3%	—
138	BWP BWP GROUP FPO/UNITS STAPLED	Real Estate	$2.9B	1.1%	—
139	LOV LOVISA HOLDINGS LTD ORDINARY	Consumer Discretionary	$2.8B	3.2%	—
140	MFG MAGELLAN FIN GRP LTD ORDINARY	Financials	$2.6B	3.3%	—
141	ALK ALKANE RESOURCES LTD ORDINARY	Materials	$2.6B	0.8%	—
142	DBI DALRYMPLE BAY FPO/NOTES STAPLED	Industrials	$2.6B	0.2%	—
143	RGN REGION GROUP UNITS STAPLED	Real Estate	$2.6B	0.3%	—
144	CLW CHTR H LWR UNITS STAPLED	Real Estate	$2.5B	1.1%	—
145	NEU NEUREN PHARMACEUT. ORDINARY	Health Care	$2.5B	4.1%	—
146	EVT EVT LIMITED ORDINARY	Communication Services	$2.5B	3.4%	—
147	SRG SRG GLOBAL LTD ORDINARY	Industrials	$2.4B	0.2%	—
148	FLT FLIGHT CENTRE TRAVEL ORDINARY	Consumer Discretionary	$2.4B	11.0%	—
149	BGL BELLEVUE GOLD LTD ORDINARY	Materials	$2.4B	1.8%	—
150	CTD CORP TRAVEL LIMITED ORDINARY	Consumer Discretionary	$2.4B	5.3%	—
151	HDN HOMECO DAILY NEEDS ORDINARY UNITS	Real Estate	$2.3B	1.1%	—
152	CQR CHARTER HALL RETAIL ORDINARY UNITS	Real Estate	$2.3B	0.8%	—
153	PPT PERPETUAL LIMITED ORDINARY	Financials	$2.2B	3.0%	—
154	EOS ELECTRO OPTIC SYS. ORDINARY	Industrials	$2.2B	8.1%	—
155	DRR DETERRA ORDINARY	Materials	$2.2B	1.5%	—
156	PRN PERENTI LIMITED ORDINARY	Materials	$2.1B	0.3%	—
157	LLC LENDLEASE GROUP FPO/UNITS STAPLED	Real Estate	$2.0B	7.3%	—
158	TAH TABCORP HOLDINGS LTD ORDINARY	Consumer Discretionary	$2.0B	1.0%	—
159	MI6 MINERALS260LIMITED ORDINARY	Materials	$2.0B	5.2%	—
160	DMP DOMINO PIZZA ENTERPR ORDINARY	Consumer Discretionary	$2.0B	12.3%	—
161	BPT BEACH ENERGY LIMITED ORDINARY	Energy	$2.0B	7.6%	—
162	CIA CHAMPION IRON LTD ORDINARY	Materials	$2.0B	6.2%	—
163	BGA BEGA CHEESE LTD ORDINARY	Consumer Staples	$1.9B	0.8%	—
164	PMV PREMIER INVESTMENTS ORDINARY	Consumer Discretionary	$1.8B	1.1%	—
165	IMD IMDEX LIMITED ORDINARY	Materials	$1.8B	1.1%	—
166	CIP CENTURIA I REIT ORDINARY UNITS	Real Estate	$1.8B	2.8%	—
167	ORA ORORA LIMITED ORDINARY	Materials	$1.8B	7.2%	—
168	DVP DEVELOP GLOBAL LTD ORDINARY	Materials	$1.8B	6.7%	—
169	ASB AUSTAL LIMITED ORDINARY	Industrials	$1.7B	1.3%	—
170	CYL CATALYST METALS ORDINARY	Materials	$1.7B	4.6%	—
171	DTL DATA#3 LIMITED ORDINARY	Information Technology	$1.7B	2.6%	—
172	DRO DRONESHIELD LIMITED ORDINARY	Industrials	$1.6B	14.3%	—
173	ARB ARB CORPORATION. ORDINARY	Consumer Discretionary	$1.6B	5.7%	—
174	DYL DEEP YELLOW LIMITED ORDINARY	Energy	$1.6B	9.4%	—
175	WPR WAYPOINT REIT FPO/UNITS STAPLED	Real Estate	$1.5B	0.5%	—
176	NEC NINE ENTERTAINMENT ORDINARY	Communication Services	$1.5B	2.5%	—
177	INA INGENIA GROUP FPO/UNITS STAPLED	Real Estate	$1.5B	2.7%	—
178	SLC SUPERLOOP LIMITED ORDINARY	Communication Services	$1.5B	0.5%	—
179	KCN KINGSGATE CONSOLID. ORDINARY	Materials	$1.5B	1.1%	—
180	SLX SILEX SYSTEMS ORDINARY	Industrials	$1.4B	8.0%	—
181	ELV ELEVRA LITHIUM LTD ORDINARY	Materials	$1.4B	3.9%	—
182	FFM FIREFLY METALS LTD ORDINARY	Materials	$1.4B	5.3%	—
183	HLI HELIA GROUP LIMITED ORDINARY	Financials	$1.4B	3.2%	—
184	GNC GRAINCORP LIMITED A CLASS ORDINARY	Consumer Staples	$1.4B	4.4%	—
185	ABB AUSSIE BROADBAND ORDINARY	Communication Services	$1.4B	2.5%	—
186	ELD ELDERS LIMITED ORDINARY	Consumer Staples	$1.3B	10.7%	—
187	VUL VULCAN ENERGY ORDINARY	Materials	$1.3B	7.2%	—
188	PXA PEXAGROUP ORDINARY	Real Estate	$1.3B	5.1%	—
189	NCK NICK SCALI LIMITED ORDINARY	Consumer Discretionary	$1.3B	5.3%	—
190	GDG GENERATION DEV GROUP ORDINARY	Financials	$1.3B	3.6%	—
191	KAR KAROON ENERGY LTD ORDINARY	Energy	$1.2B	4.1%	—
192	CNI CENTURIA CAPITAL STAPUSINVPROHEXCLQPS	Real Estate	$1.2B	0.2%	—
193	JDO JUDO CAP HOLDINGS ORDINARY	Financials	$1.1B	2.6%	—
194	TUA TUAS LIMITED ORDINARY	Communication Services	$1.1B	1.7%	—
195	IPX IPERIONX LIMITED ORDINARY	Materials	$1.1B	9.9%	—
196	IRE IRESS LIMITED ORDINARY	Information Technology	$1.1B	2.5%	—
197	PNR PANTORO GOLD LIMITED ORDINARY	Materials	$1.1B	3.6%	—
198	ARF ARENA REIT. FPO/UNITS STAPLED	Real Estate	$947M	3.8%	—
199	EUR EUROPEAN LITHIUM LTD ORDINARY	Materials	$639M	0.1%	—

Latest Confirmed ChangesQ2 2026

Announced 22 May 2026 · Effective 22 June 2026

Joining (5)

ELVELEVRA LITHIUM LTD ORDINARY EOSELECTRO OPTIC SYS. ORDINARY FFMFIREFLY METALS LTD ORDINARY KCNKINGSGATE CONSOLID. ORDINARY MI6MINERALS260LIMITED ORDINARY

Leaving (5)

GYGGUZMAN Y GOMEZ LTD ORDINARY IELIDP EDUCATION LTD ORDINARY SDRSITEMINDER ORDINARY TPWTEMPLE & WEBSTER LTD ORDINARY WEBWEB TRAVEL GROUP LTD ORDINARY

S&P Dow Jones — official announcement

Rebalance Schedule

Q1 2026

Announced: 20/02/2026

20/03/2026

Q2 2026

Announced: 22/05/2026

Announced

22/06/2026

Q3 2026

Announced: 21/08/2026

18/09/2026

Q4 2026

Announced: 20/11/2026

18/12/2026

S&P Dow Jones announces changes ~4 weeks before the effective date (third Friday of March, June, September, December).

Sector Breakdown

Materials52

Financials29

Industrials25

Real Estate20

Consumer Discretionary17

Health Care12

Energy12

Communication Services12

Consumer Staples9

Information Technology8

Utilities3

How This Works

Membership source: Downloaded daily from the BlackRock iShares IOZ ETF holdings. Any stock held by IOZ is treated as an ASX 200 member.

Buffer zone (updated Sep 2025): S&P uses a 20-position buffer. A non-member must reach rank ≤ 179 to be added; a member must fall to rank ≥ 221 before removal. This prevents excessive turnover.

Addition candidates: Non-members ranked ≤ 190 globally by market cap — within or approaching the 179 addition threshold. Rank shown in green when inside the zone.

Removal candidates: Current members ranked ≥ 185 globally — drifting toward the 221 removal threshold. Rank shown in red when approaching the danger zone.

Lookback period: S&P uses the 3-month average float-adjusted market cap (since Sep 2025), so short-term price moves matter less than sustained rank changes.

Short data: From ASIC's daily short position reports. Percentage = shares sold short as a proportion of issued capital.

Estimates use total market cap, not float-adjusted. Liquidity screens also apply. Treat as directional, not definitive.

Q3 2026 Addition EstimatesBy global rank

Stocks outside the ASX 200 ranked in the top 190 globally by market cap. S&P adds when a stock reaches rank ≤ 179 and meets liquidity screens.

Rank	Stock	Mkt Cap	Short %
#47	DPM DPMMETALSINC CDI1:1FOREXEMPT TSX	$14.2B	0.0%
#54	MEZ MERIDIAN ENERGY ORD FOR. EXEMPT NZX	$11.9B	0.1%
#74	QUB QUBE HOLDINGS LTD ORDINARY	$9.0B	0.0%
#79	AFI AUSTRALIAN FOUNDAT. ORDINARY	$8.5B	0.0%
#81	MCY MERCURY NZ LIMITED ORD FOR.EXEMPT NZX	$8.1B	0.0%
#83	ATM PT ANTAM (PERSERO) TBK	$7.8B	4.9%
#84	CEN CONTACT ENERGY LTD ORD FOR. EXEMPT NZX	$7.7B	0.1%
#86	AII ALMONTYINDUSTRIESINC CDI 1:1	$7.5B	1.6%

Green rank = within S&P's addition zone (≤ 179)

Q3 2026 Removal EstimatesBy global rank

Current ASX 200 members ranked below the top 185 globally. S&P removes when a stock falls to rank ≥ 221 — stocks shown here are in the at-risk zone.

Rank	Stock	Mkt Cap	Short %
#345	EUR EUROPEAN LITHIUM LTD ORDINARY	$639M	0.1%
#288	ARF ARENA REIT. FPO/UNITS STAPLED	$947M	3.8%
#277	PNR PANTORO GOLD LIMITED ORDINARY	$1.1B	3.6%
#276	IRE IRESS LIMITED ORDINARY	$1.1B	2.5%
#275	IPX IPERIONX LIMITED ORDINARY	$1.1B	9.9%
#270	TUA TUAS LIMITED ORDINARY	$1.1B	1.7%
#267	JDO JUDO CAP HOLDINGS ORDINARY	$1.1B	2.6%
#257	CNI CENTURIA CAPITAL STAPUSINVPROHEXCLQPS	$1.2B	0.2%

Red rank = approaching S&P's removal threshold (≥ 221)

What Is the S&P/ASX 200?

The S&P/ASX 200 (ticker: XJO) is Australia's primary benchmark index, maintained by S&P Dow Jones Indices. It tracks the 200 largest ASX-listed companies by float-adjusted market capitalisation, representing approximately 80% of the total market value of the Australian Securities Exchange.

The index includes companies across all GICS sectors — from the big four banks (CBA, NAB, WBC, ANZ) and mining giants (BHP, RIO) to healthcare, technology, and real estate. Membership is not simply the 200 largest stocks; S&P applies liquidity screens requiring a minimum average daily turnover relative to market cap.

How Often Does the ASX 200 Change?

The S&P/ASX 200 rebalances quarterly, with effective dates on the third Friday of March, June, September, and December each year. S&P Dow Jones Indices announces the changes approximately four weeks before the effective date, giving investors time to prepare.

Between announcements and effective dates, stocks slated for removal often see increased short selling as traders anticipate passive fund outflows. Stocks being added typically attract buying interest. This creates predictable short-selling patterns around rebalance events.

How Are Addition & Removal Candidates Identified?

S&P Dow Jones Indices uses a buffer zone to minimise unnecessary turnover. A stock outside the index must rank in the top 179 by float-adjusted market cap to be added. A current member must fall to rank 221 or lower before it is removed. This 20-position buffer (updated September 2025) means a brief dip below rank 200 does not trigger removal.

Our addition candidates show non-members ranked in the top 190 — within or approaching the 179 addition zone. Our removal candidates show current members ranked 185th or lower globally, approaching the 221 removal threshold. Rankings use total market cap; S&P uses the 3-month average float-adjusted figure, so these estimates are directional only.

Short Selling & the ASX 200

Short sellers target ASX 200 stocks for various reasons: index rebalancing (shorting stocks likely to be removed before passive fund selling hits), sector rotation, and hedging long positions in index funds. Short interest data on this page comes from ASIC's daily short position reports, which reflect the total number of shares sold short as a percentage of issued capital.

Large ASX 200 stocks typically have lower short interest percentages (1–4%) due to their size and liquidity. Elevated short interest (above 5%) in an index member often signals either a structural short thesis or index rebalancing activity.

Frequently Asked Questions

How many companies are in the ASX 200 in 2026?

The S&P/ASX 200 contains exactly 200 companies at any given time. The complete list is updated on this page daily using the iShares IOZ ETF holdings published by BlackRock, which tracks the index.

When is the next ASX 200 rebalance?

The S&P/ASX 200 rebalances quarterly on the third Friday of March, June, September, and December. Changes are announced approximately four weeks before the effective date by S&P Dow Jones Indices. See the rebalance schedule on this page for exact dates.

How do I find out what stocks will be added to the ASX 200?

S&P Dow Jones Indices announces index changes approximately four weeks before each quarterly rebalance. When an announcement is made, confirmed additions and removals appear in the Confirmed Pending Changes section above. Between announcements, our Potential Additions section shows non-members currently ranked in the top 179 globally by market cap — the zone where S&P considers stocks eligible for inclusion.

Where does this ASX 200 company list come from?

We download the complete holdings of the iShares Core S&P/ASX 200 ETF (ASX: IOZ) daily from BlackRock. IOZ tracks the S&P/ASX 200 and publishes its full holdings — this is one of the most reliable publicly available sources for the current index composition.

Which sector has the most companies in the ASX 200?

Financials is typically the largest sector in the ASX 200 by number of companies and by market cap weight, driven by the big four banks (CBA, NAB, WBC, ANZ) and major insurers. Materials is the second largest, dominated by BHP and Rio Tinto.