UiPath Set to Join S&P MidCap 400 and Versant Media Group to Join S&P SmallCap 600

Rhea-AI Summary

Index changes announced (effective Jan 2026): UiPath (PATH) will be added to the S&P MidCap 400 on January 2, 2026, replacing Synovus Financial (SNV). Versant Media Group (VSNT) will be added to the S&P SmallCap 600 on January 6, 2026, replacing Brandywine Realty Trust (BDN). Comcast is spinning off Versant on January 5 and will remain in the S&P 500.

Positive

• UiPath (PATH) added to S&P MidCap 400 effective January 2, 2026
• Versant Media Group (VSNT) added to S&P SmallCap 600 effective January 6, 2026

Negative

• Brandywine Realty Trust (BDN) removed from S&P SmallCap 600 effective January 6, 2026
• Synovus Financial (SNV) removed from S&P MidCap 400 effective January 2, 2026 due to acquisition

News Market Reaction – PNFP

+0.05%

+0.05% Session close to close

In the Dec 24 session, PNFP gained 0.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details S&P index changes following Pinnacle’s acquisition of Synovus, with Synovu...

Analysis

This announcement details S&P index changes following Pinnacle’s acquisition of Synovus, with Synovus leaving the S&P MidCap 400 and UiPath taking its place, while PNFP remains in the index. It sits alongside earlier developments like joining the KBW Nasdaq Bank Index and securing major service and workplace awards. Investors may focus on how combined-entity execution, integration progress, and future index reclassifications evolve relative to these structural and reputational milestones.

Key Figures

Effective date: January 2, 2026 Effective date: January 6, 2026 Index size: S&P MidCap 400 +1 more

4 metrics

Effective date January 2, 2026 Index changes for S&P MidCap 400 addition/deletion

Effective date January 6, 2026 Index changes for S&P SmallCap 600 addition/deletion

Index size S&P MidCap 400 UiPath added, Synovus deleted from this index

Index size S&P SmallCap 600 Versant Media Group added, Brandywine Realty Trust deleted

Historical Context

5 past events · Latest: Apr 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 08	Sports sponsorship deal	Positive	+3.1%	Signed three-year PGA TOUR Cadillac Championship sponsorship to boost regional visibility.
Apr 01	Workplace award	Positive	+2.0%	Ranked No. 12 on Fortune 100 Best Companies list for 10th straight year.
Mar 23	Earnings schedule	Positive	+0.8%	Announced dates for Q1 2026 earnings release and review webcast.
Mar 19	Index inclusion	Positive	+0.3%	Joined KBW Nasdaq Bank Index, reflecting greater index recognition and scale.
Feb 11	Service awards	Positive	-1.8%	Received 50 Coalition Greenwich Best Bank awards for 2025 performance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news tied to recognition, awards, and index inclusion has generally seen modestly positive price reactions, with one divergence on award-related news.

Recent Company History

Over recent months, Pinnacle Financial Partners has highlighted growth in stature and franchise strength. It earned 50 Coalition Greenwich Best Bank awards and later joined the KBW Nasdaq Bank Index (BKX) on Mar 19, 2026. The firm scheduled its Q1 2026 earnings release and conference call and received workplace recognition as the No. 12 Best Company to Work For, its 10th consecutive year on the list. A three-year PGA TOUR sponsorship further expanded brand visibility. Today’s S&P index reshuffle around Synovus fits this ongoing index- and brand-recognition trajectory.

Key Terms

s&p midcap 400, s&p smallcap 600, s&p 500, gics sector

4 terms

s&p midcap 400 financial

"UiPath Inc. (NYSE: PATH) will replace Synovus Financial Corp. (NYSE: SNV) in the S&P MidCap 400"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"Versant Media Group Inc. (NASD: VSNT) will replace Brandywine Realty Trust (NYSE: BDN) in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

s&p 500 financial

"S&P 500 constituent Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

gics sector financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Dec. 23, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600: 

• UiPath Inc. (NYSE: PATH) will replace Synovus Financial Corp. (NYSE: SNV) in the S&P MidCap 400 effective prior to the opening of trading on Friday, January 2. S&P MidCap 400 constituent Pinnacle Financial Partners Inc. (NASD: PNFP) is acquiring Synovus Financial Corp in a deal expected to be completed soon, pending final closing conditions.
• Versant Media Group Inc. (NASD: VSNT) will replace Brandywine Realty Trust (NYSE: BDN) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 6. S&P 500 constituent Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group in a transaction expected to be completed January 5. Comcast will remain in the S&P 500 following completion of the spin-off.

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
January 2, 2026	S&P MidCap 400		Addition	UiPath	PATH	Information Technology
January 2, 2026	S&P MidCap 400		Deletion	Synovus Financial	SNV	Financials
January 6, 2026	S&P SmallCap 600		Addition	Versant Media Group	VSNT	Communication Services
January 6, 2026	S&P SmallCap 600		Deletion	Brandywine Realty Trust	BDN	Real Estate

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/uipath-set-to-join-sp-midcap-400-and-versant-media-group-to-join-sp-smallcap-600-302649007.html

SOURCE S&P Dow Jones Indices

FAQ

When will UiPath (PATH) join the S&P MidCap 400 and what is the effective date?

UiPath (PATH) will join the S&P MidCap 400 effective prior to the open on January 2, 2026. According to S&P Dow Jones Indices, PATH replaces Synovus Financial (SNV) in the MidCap 400 ahead of trading that day.

Why is Brandywine Realty Trust (BDN) being removed from the S&P SmallCap 600 on January 6, 2026?

Brandywine Realty Trust (BDN) is being removed from the S&P SmallCap 600 effective January 6, 2026. According to S&P Dow Jones Indices, BDN will be replaced by Versant Media Group (VSNT) on that effective date.

What is the timeline and rationale for Versant Media Group (VSNT) joining the S&P SmallCap 600?

Versant Media Group (VSNT) joins the S&P SmallCap 600 effective prior to the open on January 6, 2026. According to S&P Dow Jones Indices, the addition follows Comcast's planned spin-off of Versant on January 5.

Does Comcast remain in the S&P 500 after the Versant Media Group spin-off on January 5, 2026?

Yes, Comcast will remain in the S&P 500 after the Versant spin-off expected on January 5, 2026. According to S&P Dow Jones Indices, Comcast's S&P 500 membership is unchanged by the transaction.

How does the Synovus Financial (SNV) removal from the S&P MidCap 400 relate to Pinnacle Financial Partners?

Synovus Financial (SNV) is being removed from the S&P MidCap 400 effective January 2, 2026, due to an acquisition by Pinnacle Financial Partners. According to S&P Dow Jones Indices, the deal is expected to be completed pending final closing conditions.