First Advantage Set to Join S&P SmallCap 600

Rhea-AI Summary

First Advantage (NASD: FA) will join the S&P SmallCap 600 effective before market open on June 16, 2026, replacing Kennedy-Wilson Holdings (KW), which is being acquired by a consortium led by its CEO and Fairfax Financial Holdings, pending final closing conditions.

Positive

• First Advantage added to S&P SmallCap 600 effective June 16, 2026
• Classified in the Industrials sector within the S&P SmallCap 600 index

Negative

• None.

Argus Jun 12 session

+1.35% close to close 0.8x rel. volume Open Argus

Details

News Market Reaction – SPGI

On Jun 12, the first trading day after this news, SPGI closed 1.35% above the previous close.

Data tracked by StockTitan Argus for the Jun 12 session.

Key Figures

Index change date: June 16, 2026

Index change date

June 16, 2026

Effective date for S&P SmallCap 600 addition/deletion

Historical Context

5 past events · Latest: Jun 11

5 events

1. Jun 11

   Auto data update

   24h Move

   -3.1%

   CARFAX Canada reported stabilizing used-vehicle prices and shifting inventory levels.

2. Jun 10

   Theft trend report

   24h Move

   +0.4%

   CARFAX detailed 2025 catalytic converter theft estimates and targeted vehicles.

3. Jun 10

   Port index release

   24h Move

   +0.4%

   S&P Global and World Bank issued Container Port Performance Index 2025 findings.

4. Jun 08

   Index rebalancing

   24h Move

   +1.6%

   Sirius XM’s scheduled addition to S&P MidCap 400 and Masimo’s deletion.

5. Jun 08

   AI partnership

   24h Move

   -1.5%

   S&P Global announced collaboration with Cohere to power AI workflows.

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

Key Terms

s&p smallcap 600, gics sector

2 terms

s&p smallcap 600 financial

"June 16, 2026 | S&P SmallCap 600 | Addition | First Advantage"

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.

gics sector financial

"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, June 11, 2026 /PRNewswire/ -- First Advantage Corporation (NASD: FA) will replace Kennedy-Wilson Holdings Inc. (NYSE: KW) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, June 16. A consortium led by KW's CEO with Fairfax Financial Holdings Limited (TSE: FFH) is acquiring Kennedy-Wilson Holdings 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
June 16, 2026	S&P SmallCap 600	Addition		First Advantage	FA	Industrials
June 16, 2026	S&P SmallCap 600	Deletion		Kennedy-Wilson Holdings	KW	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:

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View original content:https://www.prnewswire.com/news-releases/first-advantage-set-to-join-sp-smallcap-600-302798639.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change was announced for First Advantage (FA) in the S&P SmallCap 600 on June 16, 2026?

First Advantage will be added to the S&P SmallCap 600 index on June 16, 2026. According to S&P Dow Jones Indices, FA will join as an Industrials sector component, replacing Kennedy-Wilson Holdings before the market opens.

Why is Kennedy-Wilson Holdings (KW) being removed from the S&P SmallCap 600 index?

Kennedy-Wilson Holdings will be removed from the S&P SmallCap 600 because it is being acquired. According to S&P Dow Jones Indices, a consortium led by KW’s CEO with Fairfax Financial Holdings is buying the company, with closing pending final conditions.

When will First Advantage (FA) officially join the S&P SmallCap 600 index?

First Advantage will join the S&P SmallCap 600 before the market opens on June 16, 2026. According to S&P Dow Jones Indices, all index changes, including the FA addition and KW deletion, take effect at the open that day.

Which sector will First Advantage (FA) represent in the S&P SmallCap 600 index?

First Advantage will be classified in the Industrials sector within the S&P SmallCap 600 index. According to S&P Dow Jones Indices, FA is listed as an Industrials company in the table summarizing the June 16, 2026 index changes.

Who is acquiring Kennedy-Wilson Holdings (KW), which First Advantage (FA) will replace in the S&P SmallCap 600?

Kennedy-Wilson Holdings is being acquired by a consortium led by its CEO and Fairfax Financial Holdings. According to S&P Dow Jones Indices, the deal is expected to close soon, subject to final closing conditions, prompting KW’s removal from the index.