Updated: 17 July 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 201 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).

201

Index Members

≥5% Short Interest

$3.37T

Total Market Cap

Q3 2026

Next Rebalance

All 201 CompaniesSorted by market cap

#	Stock	Sector	Mkt Cap	Short %	DTC
1	BHP BHP GROUP LIMITED ORDINARY	Materials	$292.3B	1.4%	—
2	CBA COMMONWEALTH BANK. ORDINARY	Financials	$287.2B	1.9%	—
3	RIO RIO TINTO LIMITED ORDINARY	Materials	$261.7B	9.1%	—
4	NEM NEWMONT CORPORATION CDI1:1FOREXEMPT NYSE	Materials	$138.7B	2.0%	—
5	WBC WESTPAC BANKING CORP ORDINARY	Financials	$124.8B	1.7%	—
6	NAB NATIONAL AUST. BANK ORDINARY	Financials	$122.0B	1.1%	—
7	ANZ ANZ GROUP HOLDINGS ORDINARY	Financials	$108.6B	0.8%	—
8	WES WESFARMERS LIMITED ORDINARY	Consumer Discretionary	$105.4B	1.3%	—
9	MQG MACQUARIE GROUP LTD ORDINARY	Financials	$98.5B	0.4%	—
10	XYZ BLOCK INC CDI 1:1 NYSE	Financials	$69.1B	0.6%	—
11	GMG GOODMAN GROUP FPO/UNITS STAPLED	Real Estate	$60.1B	1.4%	—
12	CSL CSL LIMITED ORDINARY	Health Care	$59.1B	1.0%	—
13	FMG FORTESCUE LTD ORDINARY	Materials	$58.1B	2.7%	—
14	WDS WOODSIDE ENERGY ORDINARY	Energy	$57.9B	2.5%	—
15	TLS TELSTRA GROUP ORDINARY	Communication Services	$56.1B	1.1%	—
16	WOW WOOLWORTHS GROUP LTD ORDINARY	Consumer Staples	$47.9B	2.0%	—
17	TCL TRANSURBAN GROUP FPO/UNITS STAPLED	Industrials	$45.8B	1.0%	—
18	RMD RESMED INC CDI 10:1 FOR. EXEMPT	Health Care	$41.7B	0.3%	—
19	QBE QBE INSURANCE GROUP ORDINARY	Financials	$37.3B	0.4%	—
20	ALL ARISTOCRAT LEISURE ORDINARY	Consumer Discretionary	$37.1B	1.1%	—
21	SIG SIGMA HEALTH LTD ORDINARY	Health Care	$33.8B	3.8%	—
22	COL COLES GROUP ORDINARY	Consumer Staples	$31.2B	1.2%	—
23	AMC AMCOR PLC CDI1:1FOREXEMPT NYSE	Materials	$29.5B	1.2%	—
24	NST NORTHERN STAR ORDINARY	Materials	$27.4B	0.8%	—
25	BXB BRAMBLES LIMITED ORDINARY	Industrials	$26.0B	0.4%	—
26	NWS NEWS CORP.. B VOTING CDI 1:1	Communication Services	$25.3B	1.7%	—
27	STO SANTOS LTD ORDINARY	Energy	$24.9B	0.5%	—
28	CPU COMPUTERSHARE LTD ORDINARY	Industrials	$23.1B	1.2%	—
29	JHX JAMES HARDIE INDUST CHESS DEPOSITARY INT	Materials	$21.8B	4.1%	—
30	EVN EVOLUTION MINING LTD ORDINARY	Materials	$21.4B	3.7%	—
31	REA REA GROUP ORDINARY	Communication Services	$21.1B	3.6%	—
32	SCG SCENTRE GRP FPO/UNITS STAPLED	Real Estate	$20.5B	0.3%	—
33	SUN SUNCORP GROUP LTD ORDINARY	Financials	$20.2B	1.5%	—
34	FPH FISHER & PAYKEL H. ORD FOR. EXEMPT NZX	Health Care	$19.6B	0.2%	—
35	PME PRO MEDICUS LIMITED ORDINARY	Health Care	$19.5B	4.9%	—
36	IAG INSURANCE AUSTRALIA ORDINARY	Financials	$19.5B	1.0%	—
37	ORG ORIGIN ENERGY ORDINARY	Utilities	$18.1B	1.8%	—
38	SG SGH SGH LIMITED ORDINARY	Industrials	$17.8B	1.5%	—
39	AAI ALCOA CORPORATION CDI 1:1 FOR. EXEMPT	Materials	$17.7B	1.3%	—
40	SOL SOUL PATTINSON (W.H) ORDINARY	Financials	$17.5B	3.5%	—
41	S32 SOUTH32 LIMITED ORDINARY	Materials	$17.5B	1.2%	—
42	LYC LYNAS RARE EARTHS ORDINARY	Materials	$16.0B	9.6%	—
43	QAN QANTAS AIRWAYS ORDINARY	Industrials	$15.5B	1.0%	—
44	MPL MEDIBANK PRIVATE LTD ORDINARY	Financials	$14.1B	3.3%	—
45	PLS PLS GROUP LTD ORDINARY	Materials	$14.0B	9.1%	—
46	BSL BLUESCOPE STEEL LTD ORDINARY	Materials	$13.9B	0.7%	—
47	APA APA GROUP UNITS STAPLED	Utilities	$13.6B	1.4%	—
48	IFT INFRATIL LIMITED. ORD FOR.EXEMPT NZX	Industrials	$12.8B	0.9%	—
49	TLC THE LOTTERY CORP ORDINARY	Consumer Discretionary	$12.7B	4.7%	—
50	VCX VICINITY CENTRES FPO/UNITS STAPLED	Real Estate	$12.2B	2.6%	—
51	AIA AUCKLAND INTERNATION ORD FOR.EXEMPT NZX	Industrials	$12.0B	0.9%	—
52	XRO XERO LTD ORDINARY	Information Technology	$12.0B	4.5%	—
53	WTC WISETECH GLOBAL LTD ORDINARY	Information Technology	$11.7B	8.5%	—
54	MIN MINERAL RESOURCES. ORDINARY	Materials	$11.3B	4.3%	—
55	ASX ASX LIMITED ORDINARY	Financials	$11.2B	5.7%	—
56	ALQ ALS LTD ORDINARY	Industrials	$11.1B	0.9%	—
57	SHL SONIC HEALTHCARE ORDINARY	Health Care	$10.8B	6.6%	—
58	ORI ORICA LIMITED ORDINARY	Materials	$10.6B	0.7%	—
59	CHC CHARTER HALL GROUP STAPLED US PROHIBIT.	Real Estate	$10.6B	0.4%	—
60	SGP STOCKLAND FPO/UNITS STAPLED	Real Estate	$10.1B	3.1%	—
61	REH REECE LIMITED ORDINARY	Industrials	$10.0B	2.5%	—
62	NXT NEXTDC LIMITED ORDINARY	Information Technology	$10.0B	7.9%	—
63	RHC RAMSAY HEALTH CARE ORDINARY	Health Care	$10.0B	5.8%	—
64	CAR CAR GROUP LIMITED ORDINARY	Communication Services	$9.7B	11.6%	—
65	TNE TECHNOLOGY ONE ORDINARY	Information Technology	$9.7B	2.1%	—
66	CSC CAPSTONECORP CDI1:1FOREXEMPT TSX	Materials	$9.6B	0.8%	—
67	GPT GPT GROUP FPO/UNITS STAPLED	Real Estate	$9.5B	0.5%	—
68	QUB QUBE HOLDINGS LTD ORDINARY	Industrials	$9.0B	0.5%	—
69	ALD AMPOL LIMITED ORDINARY	Energy	$8.9B	3.2%	—
70	LNW LIGHT & WONDER INC. CDI 1:1	Consumer Discretionary	$8.8B	0.5%	—
71	JBH JB HI-FI LIMITED ORDINARY	Consumer Discretionary	$8.7B	2.7%	—
72	NXG NEXGENENERGYCANADA CDI1:1 FOREXEMPT TSX	Energy	$8.3B	1.9%	—
73	SFR SANDFIRE RESOURCES ORDINARY	Materials	$8.2B	2.6%	—
74	COH COCHLEAR LIMITED ORDINARY	Health Care	$7.8B	10.0%	—
75	CDA CODAN LIMITED ORDINARY	Information Technology	$7.6B	0.3%	—
76	ALX ATLAS ARTERIA FPOSTUSPROHEXCLQIBQP	Industrials	$7.4B	1.6%	—
77	CGF CHALLENGER LIMITED ORDINARY	Financials	$7.3B	0.4%	—
78	AZJ AURIZON HOLDINGS LTD ORDINARY	Industrials	$7.2B	2.4%	—
79	YAL YANCOAL AUST LTD ORDINARY	Energy	$7.2B	0.9%	—
80	TPG TPG TELECOM LIMITED. ORDINARY	Communication Services	$7.0B	0.4%	—
81	MGR MIRVAC GROUP FPO/UNITS STAPLED	Real Estate	$6.9B	1.4%	—
82	HUB HUB24 LTD ORDINARY	Financials	$6.8B	1.4%	—
83	GGP GREATLAND RESOURCES ORDINARY	Materials	$6.7B	0.9%	—
84	DNL DYNO NOBEL LTD ORDINARY	Materials	$6.4B	1.3%	—
85	GMD GENESIS MINERALS ORDINARY	Materials	$6.4B	7.7%	—
86	APE EAGERS AUTOMOTIVE ORDINARY	Consumer Discretionary	$6.3B	2.2%	—
87	DXS DEXUS UNITS STAPLED	Real Estate	$6.2B	1.0%	—
88	EDV ENDEAVOUR ORDINARY	Consumer Staples	$6.2B	9.7%	—
89	PRU PERSEUS MINING LTD ORDINARY	Materials	$6.2B	0.6%	—
90	WHC WHITEHAVEN COAL ORDINARY	Energy	$6.1B	2.0%	—
91	BEN BENDIGO AND ADELAIDE ORDINARY	Financials	$6.0B	3.3%	—
92	HVN HARVEY NORMAN ORDINARY	Consumer Discretionary	$6.0B	1.7%	—
93	SDF STEADFAST GROUP LTD ORDINARY	Financials	$5.9B	1.5%	—
94	NWL NETWEALTH GROUP ORDINARY	Financials	$5.8B	0.6%	—
95	AGL AGL ENERGY LIMITED. ORDINARY	Utilities	$5.6B	5.3%	—
96	WOR WORLEY LIMITED ORDINARY	Industrials	$5.4B	2.1%	—
97	RMS RAMELIUS RESOURCES ORDINARY	Materials	$5.4B	1.2%	—
98	CMM CAPRICORN METALS ORDINARY	Materials	$5.4B	1.2%	—
99	CWY CLEANAWAY WASTE LTD ORDINARY	Industrials	$5.3B	2.0%	—
100	DOW DOWNER EDI LIMITED ORDINARY	Industrials	$5.2B	0.3%	—
101	TLX TELIX PHARMACEUTICAL ORDINARY	Health Care	$5.1B	11.7%	—
102	SEK SEEK LIMITED ORDINARY	Communication Services	$5.1B	1.5%	—
103	A2M THE A2 MILK COMPANY ORDINARY	Consumer Staples	$5.0B	7.2%	—
104	IGO IGO LIMITED ORDINARY	Materials	$5.0B	0.4%	—
105	AMP AMP LIMITED ORDINARY	Financials	$4.9B	2.0%	—
106	VNT VENTIASERVICESGROUP ORDINARY	Industrials	$4.9B	1.7%	—
107	VAU VAULT MINERALS LTD ORDINARY	Materials	$4.8B	0.7%	—
108	SGM SIMS LIMITED ORDINARY	Materials	$4.8B	0.8%	—
109	BRG BREVILLE GROUP LTD ORDINARY	Consumer Discretionary	$4.5B	7.7%	—
110	ANN ANSELL LIMITED ORDINARY	Health Care	$4.5B	3.2%	—
111	MP1 MEGAPORT LIMITED ORDINARY	Information Technology	$4.4B	2.8%	—
112	NHC NEW HOPE CORPORATION ORDINARY	Energy	$4.4B	4.5%	—
113	RRL REGIS RESOURCES ORDINARY	Materials	$4.3B	2.7%	—
114	PNI PINNACLE INVESTMENT ORDINARY	Financials	$4.3B	4.3%	—
115	LTR LIONTOWN LIMITED ORDINARY	Materials	$4.2B	2.6%	—
116	BOQ BANK OF QUEENSLAND. ORDINARY	Financials	$4.2B	3.1%	—
117	GQG GQG PARTNERS CDI1:1 USPROHEXCLQIB	Financials	$4.2B	0.9%	—
118	WGX WESTGOLD RESOURCES. ORDINARY	Materials	$4.1B	1.4%	—
119	ZIP ZIP CO LTD.. ORDINARY	Financials	$3.9B	8.6%	—
120	VEA VIVA ENERGY GROUP ORDINARY	Energy	$3.8B	0.8%	—
121	TWE TREASURY WINE ESTATE ORDINARY	Consumer Staples	$3.8B	10.7%	—
122	AUB AUB GROUP LTD ORDINARY	Financials	$3.8B	5.2%	—
123	PDN PALADIN ENERGY LTD ORDINARY	Energy	$3.8B	11.5%	—
124	NIC NICKEL INDUSTRIES ORDINARY	Materials	$3.7B	0.7%	—
125	NHF NIB HOLDINGS LIMITED ORDINARY	Financials	$3.6B	2.3%	—
126	CNU CHORUS LIMITED ORD FOR.EXEMPT NZX	Communication Services	$3.5B	1.4%	—
127	FBU FLETCHER BUILDING ORD FOR. EXEMPT NZX	Industrials	$3.4B	3.2%	—
128	EMR EMERALD RES NL ORDINARY	Materials	$3.3B	2.7%	—
129	MTS METCASH LIMITED ORDINARY	Consumer Staples	$3.2B	2.9%	—
130	MSB MESOBLAST LIMITED ORDINARY	Health Care	$3.2B	8.1%	—
131	NWH NRW HOLDINGS LIMITED ORDINARY	Industrials	$3.1B	0.4%	—
132	WAF WEST AFRICAN RES LTD ORDINARY	Materials	$3.1B	0.8%	—
133	PDI PREDICTIVE DISC LTD ORDINARY	Materials	$3.0B	3.4%	—
134	SUL SUPER RET REP LTD ORDINARY	Consumer Discretionary	$3.0B	3.4%	—
135	MND MONADELPHOUS GROUP ORDINARY	Industrials	$2.9B	0.3%	—
136	BWP BWP GROUP FPO/UNITS STAPLED	Real Estate	$2.9B	1.2%	—
137	MFG MAGELLAN FIN GRP LTD ORDINARY	Financials	$2.8B	2.7%	—
138	RWC RELIANCE WORLDWIDE ORDINARY	Industrials	$2.8B	2.2%	—
139	DBI DALRYMPLE BAY FPO/NOTES STAPLED	Industrials	$2.8B	0.2%	—
140	RGN REGION GROUP UNITS STAPLED	Real Estate	$2.7B	0.3%	—
141	HDN HOMECO DAILY NEEDS ORDINARY UNITS	Real Estate	$2.7B	0.3%	—
142	CLW CHTR H LWR UNITS STAPLED	Real Estate	$2.6B	0.8%	—
143	ILU ILUKA RESOURCES ORDINARY	Materials	$2.6B	6.4%	—
144	LOV LOVISA HOLDINGS LTD ORDINARY	Consumer Discretionary	$2.6B	3.0%	—
145	FLT FLIGHT CENTRE TRAVEL ORDINARY	Consumer Discretionary	$2.5B	11.8%	—
146	CTD CORP TRAVEL LIMITED ORDINARY	Consumer Discretionary	$2.4B	7.4%	—
147	PMV PREMIER INVESTMENTS ORDINARY	Consumer Discretionary	$2.3B	1.7%	—
148	CQR CHARTER HALL RETAIL ORDINARY UNITS	Real Estate	$2.3B	0.7%	—
149	DRR DETERRA ORDINARY	Materials	$2.2B	1.4%	—
150	PPT PERPETUAL LIMITED ORDINARY	Financials	$2.2B	2.6%	—
151	CIA CHAMPION IRON LTD ORDINARY	Materials	$2.2B	4.4%	—
152	SRG SRG GLOBAL LTD ORDINARY	Industrials	$2.2B	0.3%	—
153	NEU NEUREN PHARMACEUT. ORDINARY	Health Care	$2.2B	4.7%	—
154	LLC LENDLEASE GROUP FPO/UNITS STAPLED	Real Estate	$2.0B	6.5%	—
155	EVT EVT LIMITED ORDINARY	Communication Services	$2.0B	3.8%	—
156	TAH TABCORP HOLDINGS LTD ORDINARY	Consumer Discretionary	$2.0B	1.1%	—
157	BPT BEACH ENERGY LIMITED ORDINARY	Energy	$2.0B	8.1%	—
158	DRO DRONESHIELD LIMITED ORDINARY	Industrials	$2.0B	12.8%	—
159	PRN PERENTI LIMITED ORDINARY	Materials	$2.0B	0.3%	—
160	OBM ORA BANDA MINING LTD ORDINARY	Materials	$1.9B	3.7%	—
161	RSG RESOLUTE MINING ORDINARY	Materials	$1.9B	1.2%	—
162	CIP CENTURIA I REIT ORDINARY UNITS	Real Estate	$1.9B	2.5%	—
163	BGA BEGA CHEESE LTD ORDINARY	Consumer Staples	$1.9B	1.0%	—
164	IMD IMDEX LIMITED ORDINARY	Materials	$1.8B	1.3%	—
165	DVP DEVELOP GLOBAL LTD ORDINARY	Materials	$1.8B	4.7%	—
166	ALK ALKANE RESOURCES LTD ORDINARY	Materials	$1.8B	1.0%	—
167	BGL BELLEVUE GOLD LTD ORDINARY	Materials	$1.8B	1.6%	—
168	ORA ORORA LIMITED ORDINARY	Materials	$1.8B	5.4%	—
169	INA INGENIA GROUP FPO/UNITS STAPLED	Real Estate	$1.7B	2.6%	—
170	CNI CENTURIA CAPITAL STAPUSINVPROHEXCLQPS	Real Estate	$1.7B	0.7%	—
171	DMP DOMINO PIZZA ENTERPR ORDINARY	Consumer Discretionary	$1.7B	13.8%	—
172	SLC SUPERLOOP LIMITED ORDINARY	Communication Services	$1.6B	0.6%	—
173	WPR WAYPOINT REIT FPO/UNITS STAPLED	Real Estate	$1.6B	0.3%	—
174	EOS ELECTRO OPTIC SYS. ORDINARY	Industrials	$1.6B	6.4%	—
175	NEC NINE ENTERTAINMENT ORDINARY	Communication Services	$1.5B	2.6%	—
176	HLI HELIA GROUP LIMITED ORDINARY	Financials	$1.5B	2.6%	—
177	ABB AUSSIE BROADBAND ORDINARY	Communication Services	$1.5B	1.4%	—
178	ARB ARB CORPORATION. ORDINARY	Consumer Discretionary	$1.5B	5.4%	—
179	DTL DATA#3 LIMITED ORDINARY	Information Technology	$1.5B	3.8%	—
180	ASB AUSTAL LIMITED ORDINARY	Industrials	$1.4B	1.5%	—
181	GDG GENERATION DEV GROUP ORDINARY	Financials	$1.4B	5.6%	—
182	ELV ELEVRA LITHIUM LTD ORDINARY	Materials	$1.4B	3.5%	—
183	CYL CATALYST METALS ORDINARY	Materials	$1.4B	6.7%	—
184	PXA PEXAGROUP ORDINARY	Real Estate	$1.4B	4.8%	—
185	ARF ARENA REIT. FPO/UNITS STAPLED	Real Estate	$1.3B	0.7%	—
186	NCK NICK SCALI LIMITED ORDINARY	Consumer Discretionary	$1.3B	4.0%	—
187	MI6 MINERALS260LIMITED ORDINARY	Materials	$1.3B	4.7%	—
188	VUL VULCAN ENERGY ORDINARY	Materials	$1.3B	7.0%	—
189	FFM FIREFLY METALS LTD ORDINARY	Materials	$1.3B	6.7%	—
190	TUA TUAS LIMITED ORDINARY	Communication Services	$1.3B	2.1%	—
191	SLX SILEX SYSTEMS ORDINARY	Industrials	$1.3B	8.6%	—
192	IRE IRESS LIMITED ORDINARY	Information Technology	$1.2B	0.5%	—
193	ELD ELDERS LIMITED ORDINARY	Consumer Staples	$1.2B	10.8%	—
194	DYL DEEP YELLOW LIMITED ORDINARY	Energy	$1.2B	8.5%	—
195	IPX IPERIONX LIMITED ORDINARY	Materials	$1.2B	9.2%	—
196	GNC GRAINCORP LIMITED A CLASS ORDINARY	Consumer Staples	$1.1B	2.4%	—
197	KAR KAROON ENERGY LTD ORDINARY	Energy	$1.1B	4.8%	—
198	JDO JUDO CAP HOLDINGS ORDINARY	Financials	$1.1B	2.9%	—
199	KCN KINGSGATE CONSOLID. ORDINARY	Materials	$1.0B	1.9%	—
200	PNR PANTORO GOLD LIMITED ORDINARY	Materials	$746M	1.5%	—
201	EUR EUROPEAN LITHIUM LTD ORDINARY	Materials	$492M	0.0%	—

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

Materials53

Financials29

Industrials26

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 %
#49	MEZ MERIDIAN ENERGY ORD FOR. EXEMPT NZX	$12.7B	0.1%
#61	DPM DPMMETALSINC CDI1:1FOREXEMPT TSX	$10.4B	0.3%
#74	AFI AUSTRALIAN FOUNDAT. ORDINARY	$8.5B	0.0%
#77	MCY MERCURY NZ LIMITED ORD FOR.EXEMPT NZX	$8.2B	0.0%
#79	ATM PT ANTAM (PERSERO) TBK	$7.8B	4.9%
#81	CEN CONTACT ENERGY LTD ORD FOR. EXEMPT NZX	$7.4B	0.1%
#89	ARG ARGO INVESTMENTS LIMITED	$6.7B	0.0%
#94	360 LIFE360 INC. CDI 3:1 FOR. EXEMPT	$6.2B	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 %
#371	EUR EUROPEAN LITHIUM LTD ORDINARY	$492M	0.0%
#316	PNR PANTORO GOLD LIMITED ORDINARY	$746M	1.5%
#273	JDO JUDO CAP HOLDINGS ORDINARY	$1.1B	2.9%
#270	KAR KAROON ENERGY LTD ORDINARY	$1.1B	4.8%
#265	GNC GRAINCORP LIMITED A CLASS ORDINARY	$1.1B	2.4%
#256	IPX IPERIONX LIMITED ORDINARY	$1.2B	9.2%
#254	DYL DEEP YELLOW LIMITED ORDINARY	$1.2B	8.5%
#253	ELD ELDERS LIMITED ORDINARY	$1.2B	10.8%

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.