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.

Every company in the S&P/ASX 200 with its short interest, plus the next rebalance and likely additions and removals.The index has 200 places; the iShares IOZ fund that tracks it currently holds 199 companies, so one constituent isn’t listed here, usually because of a suspended stock or a change in progress.

Updated 18 October 2026Membership from the iShares IOZ ETF holdings

199

Index Members

≥5% Short Interest

$3.39T

Total Market Cap

Q4 2026

Next Rebalance

All 199 CompaniesSorted by market cap

#	Stock	Sector	Mkt Cap	Short %
1	BHP BHP Group Limited	Materials	$305.1B	1.6%
2	CBA Commonwealth Bank of Australia	Financials	$258.1B	2.6%
3	RIO Rio Tinto Group	Materials	$252.0B	9.7%
4	NEM Newmont Corporation	Materials	$175.1B	2.8%
5	NAB National Australia Bank Limited	Financials	$120.4B	2.2%
6	WBC Westpac Banking Corporation	Financials	$120.0B	2.9%
7	ANZ ANZ Group Holdings Limited	Financials	$117.1B	1.5%
8	MQG Macquarie Group Limited	Financials	$95.0B	0.5%
9	CSL CSL Limited	Health Care	$92.2B	1.1%
10	WES Wesfarmers Limited	Consumer Discretionary	$90.0B	1.9%
11	XYZ Block, Inc	Financials	$69.3B	1.0%
12	WDS Woodside Energy Group Ltd	Energy	$63.0B	2.9%
13	GMG Goodman Group	Real Estate	$54.2B	1.6%
14	TLS Telstra Group Limited	Communication Services	$52.6B	1.4%
15	WOW Woolworths Group Limited	Consumer Staples	$50.3B	1.4%
16	RMD ResMed Inc	Health Care	$48.3B	0.6%
17	FMG Fortescue Ltd	Materials	$46.8B	3.6%
18	TCL Transurban Group	Industrials	$42.6B	2.2%
19	QBE QBE Insurance Group Limited	Financials	$38.4B	0.6%
20	ALL Aristocrat Leisure Limited	Consumer Discretionary	$37.3B	1.1%
21	NST Northern Star Resources Limited	Materials	$35.8B	3.2%
22	SIG Sigma Healthcare Limited	Health Care	$32.8B	5.4%
23	COL Coles Group Limited	Consumer Staples	$32.1B	1.3%
24	SGH SGH Limited	Industrials	$31.4B	1.9%
25	STO Santos Limited	Energy	$29.6B	0.3%
26	AMC Amcor plc	Materials	$28.7B	0.7%
27	BXB Brambles Limited	Industrials	$26.8B	1.6%
28	EVN Evolution Mining Limited	Materials	$25.8B	4.5%
29	NWS News Corporation	Communication Services	$25.7B	1.3%
30	CPU Computershare Limited	Industrials	$24.3B	0.8%
31	FPH Fisher & Paykel Healthcare Corporation Limited	Health Care	$23.2B	0.0%
32	JHX James Hardie Industries plc	Materials	$21.5B	3.1%
33	REA REA Group Limited	Communication Services	$21.1B	3.7%
34	ORG Origin Energy Limited	Utilities	$20.8B	1.1%
35	SUN Suncorp Group Limited	Financials	$20.8B	1.6%
36	S32 South32 Limited	Materials	$20.7B	1.6%
37	IAG Insurance Australia Group Limited	Financials	$20.0B	1.4%
38	PME Pro Medicus Limited	Health Care	$18.4B	4.1%
39	SCG Scentre Group	Real Estate	$17.9B	0.5%
40	SOL Washington H. Soul Pattinson and Company Limited	Financials	$17.5B	3.0%
41	AAI Alcoa Corporation	Materials	$15.7B	2.3%
42	APA APA Group	Utilities	$15.0B	1.8%
43	BSL BlueScope Steel Limited	Materials	$14.1B	0.7%
44	MPL Medibank Private Limited	Financials	$13.1B	3.8%
45	RHC Ramsay Health Care Limited	Health Care	$12.8B	5.2%
46	WTC WiseTech Global Limited	Information Technology	$12.6B	11.0%
47	QAN Qantas Airways Limited	Industrials	$12.6B	1.3%
48	ASX ASX Limited	Financials	$12.3B	5.5%
49	TLC The Lottery Corporation Limited	Consumer Discretionary	$11.7B	10.0%
50	CDA Codan Limited	Information Technology	$11.5B	0.4%
51	AIA Auckland International Airport Limited	Industrials	$11.3B	1.0%
52	LYC Lynas Rare Earths Limited	Materials	$11.1B	11.8%
53	VCX Vicinity Centres	Real Estate	$11.0B	4.0%
54	XRO Xero Limited	Information Technology	$10.9B	5.9%
55	REH Reece Limited	Industrials	$10.7B	2.7%
56	ORI Orica Limited	Materials	$10.6B	0.2%
57	TNE Technology One Limited	Information Technology	$10.4B	1.4%
58	IFT Infratil Limited	Industrials	$10.4B	1.0%
59	SGP Stockland	Real Estate	$10.3B	0.4%
60	ALQ ALS Limited	Industrials	$10.3B	0.8%
61	ALD Ampol Limited	Energy	$10.2B	2.5%
62	CSC Capstone Copper Corp	Materials	$9.9B	0.4%
63	SFR Sandfire Resources Limited	Materials	$9.6B	2.8%
64	PLS PLS Group Limited	Materials	$9.6B	12.9%
65	SHL Sonic Healthcare Limited	Health Care	$9.2B	1.2%
66	CAR CAR Group Limited	Communication Services	$9.0B	5.0%
67	LNW Light & Wonder, Inc	Consumer Discretionary	$9.0B	0.7%
68	MIN Mineral Resources Limited	Materials	$8.9B	4.9%
69	CHC Charter Hall Group	Real Estate	$8.8B	1.6%
70	GPT The GPT Group	Real Estate	$8.7B	1.0%
71	COH Cochlear Limited	Health Care	$8.6B	1.9%
72	GMD Genesis Minerals Limited	Materials	$8.5B	8.8%
73	PRU Perseus Mining Limited	Materials	$8.3B	0.3%
74	NXG NexGen Energy Ltd	Energy	$8.2B	2.9%
75	JBH JB Hi-Fi Limited	Consumer Discretionary	$7.9B	3.4%
76	YAL Yancoal Australia Ltd	Energy	$7.9B	0.7%
77	TPG TPG Telecom Limited	Communication Services	$7.3B	2.1%
78	MGR Mirvac Group	Real Estate	$7.1B	2.0%
79	NXT NEXTDC Limited	Information Technology	$7.0B	8.6%
80	DNL Dyno Nobel Limited	Materials	$6.9B	0.9%
81	RMS Ramelius Resources Limited	Materials	$6.9B	1.5%
82	GGP Greatland Resources Limited	Materials	$6.7B	2.3%
83	CGF Challenger Limited	Financials	$6.7B	0.3%
84	CMM Capricorn Metals Ltd	Materials	$6.6B	0.3%
85	ANN Ansell Limited	Health Care	$6.5B	1.7%
86	SDF Steadfast Group Limited	Financials	$6.4B	4.0%
87	AZJ Aurizon Holdings Limited	Industrials	$6.3B	0.8%
88	WHC Whitehaven Coal Limited	Energy	$6.2B	1.3%
89	VAU Vault Minerals Limited	Materials	$6.1B	0.5%
90	BEN Bendigo and Adelaide Bank Limited	Financials	$6.1B	5.8%
91	DXS Dexus	Real Estate	$6.1B	3.3%
92	AGL AGL Energy Limited	Utilities	$5.9B	4.9%
93	AMP AMP Limited	Financials	$5.7B	0.8%
94	EDV Endeavour Group Limited	Consumer Staples	$5.6B	8.6%
95	CWY Cleanaway Waste Management Limited	Industrials	$5.5B	2.7%
96	ALX Atlas Arteria Limited	Industrials	$5.5B	0.7%
97	RRL Regis Resources Limited	Materials	$5.4B	1.7%
98	TLX Telix Pharmaceuticals Limited	Health Care	$5.3B	10.7%
99	HUB HUB24 Limited	Financials	$5.2B	1.5%
100	HVN Harvey Norman Holdings Limited	Consumer Discretionary	$5.1B	3.4%
101	VEA Viva Energy Group Limited	Energy	$5.1B	0.4%
102	APE Eagers Automotive Limited	Consumer Discretionary	$5.1B	3.0%
103	A2M The a2 Milk Company Limited	Consumer Staples	$5.0B	7.3%
104	NHC New Hope Corporation Limited	Energy	$4.9B	4.3%
105	TWE Treasury Wine Estates Limited	Consumer Staples	$4.9B	10.4%
106	VNT Ventia Services Group Limited	Industrials	$4.8B	1.5%
107	WGX Westgold Resources Limited	Materials	$4.8B	0.9%
108	SEK SEEK Limited	Communication Services	$4.7B	1.2%
109	BRG Breville Group Limited	Consumer Discretionary	$4.6B	8.2%
110	WOR Worley Limited	Industrials	$4.5B	2.0%
111	BOQ Bank of Queensland Limited	Financials	$4.5B	4.4%
112	DOW Downer EDI Limited	Industrials	$4.5B	1.4%
113	EMR Emerald Resources NL	Materials	$4.4B	2.8%
114	PDI PDI Gold Limited	Materials	$4.3B	4.0%
115	IGO IGO Limited	Materials	$4.1B	0.7%
116	WAF West African Resources Limited	Materials	$4.1B	0.3%
117	SGM Sims Limited	Materials	$4.1B	1.2%
118	NWL Netwealth Group Limited	Financials	$4.1B	1.1%
119	MP1 Megaport Limited	Information Technology	$4.0B	3.0%
120	AUB AUB Group Limited	Financials	$3.7B	7.4%
121	PNI Pinnacle Investment Management Group Limited	Financials	$3.5B	6.1%
122	RWC Reliance Worldwide Corporation Limited	Industrials	$3.5B	1.1%
123	MTS Metcash Limited	Consumer Staples	$3.4B	4.8%
124	PDN Paladin Energy Ltd	Energy	$3.3B	11.8%
125	NHF nib holdings limited	Financials	$3.2B	2.8%
126	NWH NRW Holdings Limited	Industrials	$3.2B	0.2%
127	SUL Super Retail Group Limited	Consumer Discretionary	$3.1B	5.3%
128	NIC Nickel Industries Limited	Materials	$3.0B	0.8%
129	CNU Chorus Limited	Communication Services	$2.9B	2.4%
130	MND Monadelphous Group Limited	Industrials	$2.9B	0.4%
131	DBI Dalrymple Bay Infrastructure Limited	Industrials	$2.8B	1.3%
132	LOV Lovisa Holdings Limited	Consumer Discretionary	$2.8B	2.0%
133	FBU Fletcher Building Limited	Industrials	$2.8B	2.0%
134	BWP BWP Trust	Real Estate	$2.8B	1.5%
135	OBM Ora Banda Mining Limited	Materials	$2.7B	3.0%
136	SRL Sunrise Energy Metals Limited	Materials	$2.7B	4.2%
137	ZIP Zip Co Limited	Financials	$2.7B	12.9%
138	MSB Mesoblast Limited	Health Care	$2.6B	7.7%
139	NEU Neuren Pharmaceuticals Limited	Health Care	$2.6B	2.9%
140	RGN Region Group	Real Estate	$2.5B	0.6%
141	MFG Magellan Financial Group Limited	Financials	$2.5B	5.9%
142	ALK Alkane Resources Ltd	Materials	$2.4B	2.2%
143	RSG Resolute Mining Limited	Materials	$2.4B	0.8%
144	CLW Charter Hall Long WALE REIT	Real Estate	$2.3B	1.8%
145	ILU Iluka Resources Limited	Materials	$2.3B	6.7%
146	LTR Liontown Limited	Materials	$2.3B	7.2%
147	HDN HomeCo Daily Needs REIT	Real Estate	$2.2B	1.4%
148	SRG SRG Global Limited	Industrials	$2.2B	0.8%
149	BGL Bellevue Gold Limited	Materials	$2.2B	1.5%
150	FLT Flight Centre Travel Group Limited	Consumer Discretionary	$2.1B	10.5%
151	DRR Deterra Royalties Limited	Materials	$2.1B	1.7%
152	DTL Data#3 Limited	Information Technology	$2.1B	2.7%
153	EOS Electro Optic Systems Holdings Limited	Industrials	$2.1B	10.9%
154	PMV Premier Investments Limited	Consumer Discretionary	$2.1B	1.4%
155	TAH Tabcorp Holdings Limited	Consumer Discretionary	$2.0B	1.2%
156	DMP Domino's Pizza Enterprises Limited	Consumer Discretionary	$2.0B	12.1%
157	CQR Charter Hall Retail REIT	Real Estate	$2.0B	0.4%
158	MI6 Minerals 260 Limited	Materials	$2.0B	8.2%
159	BPT Beach Energy Limited	Energy	$2.0B	8.0%
160	PPT Perpetual Limited	Financials	$2.0B	4.3%
161	BGA Bega Cheese Limited	Consumer Staples	$1.9B	0.9%
162	PRN Perenti Limited	Materials	$1.9B	0.3%
163	CIP Centuria Industrial REIT	Real Estate	$1.7B	2.1%
164	IMD Imdex Limited	Materials	$1.7B	1.5%
165	ASB Austal Limited	Industrials	$1.7B	2.6%
166	ORA Orora Limited	Materials	$1.7B	5.4%
167	LLC Lendlease Group	Real Estate	$1.7B	8.9%
168	INA Ingenia Communities Group	Real Estate	$1.6B	4.8%
169	SIQ Smartgroup Corporation Ltd	Industrials	$1.6B	2.7%
170	CYL Catalyst Metals Limited	Materials	$1.5B	7.3%
171	DRO DroneShield Limited	Industrials	$1.4B	16.2%
172	HLI Helia Group Limited	Financials	$1.4B	3.8%
173	ARB ARB Corporation Limited	Consumer Discretionary	$1.4B	4.1%
174	WPR Waypoint REIT	Real Estate	$1.4B	0.8%
175	DVP Develop Global Limited	Materials	$1.4B	8.0%
176	ELD Elders Limited	Consumer Staples	$1.3B	9.6%
177	CIA Champion Iron Limited	Materials	$1.3B	6.6%
178	SLC Superloop Limited	Communication Services	$1.3B	0.9%
179	SSM Service Stream Limited	Industrials	$1.3B	1.0%
180	KCN Kingsgate Consolidated Limited	Materials	$1.3B	1.1%
181	ABB Aussie Broadband Limited	Communication Services	$1.2B	6.4%
182	NCK Nick Scali Limited	Consumer Discretionary	$1.2B	7.1%
183	FFM FireFly Metals Ltd	Materials	$1.2B	2.9%
184	GDG Generation Development Group Limited	Financials	$1.2B	7.5%
185	KAR Karoon Energy Ltd	Energy	$1.2B	3.1%
186	PXA PEXA Group Limited	Real Estate	$1.2B	6.5%
187	CNI Centuria Capital Group	Real Estate	$1.1B	0.7%
188	SLX Silex Systems Limited	Industrials	$1.0B	8.0%
189	NEC Nine Entertainment Co. Holdings Limited	Communication Services	$1.0B	5.6%
190	IRE Iress Limited	Information Technology	$1.0B	1.9%
191	ARF Arena REIT	Real Estate	$1.0B	4.0%
192	JDO Judo Capital Holdings Limited	Financials	$1.0B	2.7%
193	DYL Deep Yellow Limited	Energy	$799M	9.3%
194	ELV Elevra Lithium Limited	Materials	$778M	6.5%
195	IPX IperionX Limited	Materials	$753M	12.9%
196	ELS Elsight Limited	Information Technology	$750M	4.0%
197	WBT Weebit Nano Limited	Information Technology	$699M	3.3%
198	EUR European Lithium Limited	Materials	$653M	0.1%
199	VUL Vulcan Energy Resources Limited	Materials	$562M	8.1%

Rebalance Schedule

Q3 2026

Announced: 21/08/2026

18/09/2026

Q4 2026

Announced: 20/11/2026

18/12/2026

Q1 2027

Announced: 19/02/2027

19/03/2027

Q2 2027

Announced: 21/05/2027

18/06/2027

Q3 2027

Announced: 20/08/2027

17/09/2027

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

Sector Breakdown

Materials53

Financials28

Industrials27

Real Estate20

Consumer Discretionary16

Health Care12

Energy12

Communication Services10

Information Technology10

Consumer Staples8

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.

Q4 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 %
#44	DPM DPM Metals Inc.	$13.5B	0.2%
#50	MEZ Meridian Energy Limited	$12.1B	0.1%
#76	AFI Australian Foundation Investment Company Limited	$8.2B	0.0%
#80	MCY Mercury NZ Limited	$7.8B	0.0%
#81	ATM PT Antam (persero) TBK	$7.8B	4.9%
#82	CEN Contact Energy Limited	$7.6B	0.1%
#88	ARG Argo Investments Limited	$6.8B	0.0%
#100	L1G L1 Group Limited	$5.8B	0.9%

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

Q4 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 %
#356	VUL Vulcan Energy Resources Limited	$562M	8.1%
#335	EUR European Lithium Limited	$653M	0.1%
#325	WBT Weebit Nano Limited	$699M	3.3%
#315	ELS Elsight Limited	$750M	4.0%
#314	IPX IperionX Limited	$753M	12.9%
#297	DYL Deep Yellow Limited	$799M	9.3%
#270	JDO Judo Capital Holdings Limited	$1.0B	2.7%
#269	ARF Arena REIT	$1.0B	4.0%

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.