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 – SPGI

+0.11%

+0.11% Session close to close

In the Dec 24 session, SPGI gained 0.11%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details upcoming changes to the S&P MidCap 400 and S&P SmallCap 600, reinforcing S...

Analysis

This announcement details upcoming changes to the S&P MidCap 400 and S&P SmallCap 600, reinforcing S&P Global’s role through S&P Dow Jones Indices as a key benchmark provider. Similar index reconstitution notices in recent months, such as additions of Atmus Filtration and Diebold Nixdorf, have formed a steady stream of operational updates rather than transformational events. Investors tracking SPGI may focus on how its index franchise, recent $15.336 billion in revenue, and technical position below the 496.22 200-day moving average interact with these routine index changes over time.

Key Figures

PATH index entry date: January 2, 2026 VSNT index entry date: January 6, 2026 Index replaced company: Synovus Financial (SNV) +5 more

8 metrics

PATH index entry date January 2, 2026 UiPath added to S&P MidCap 400 before market open

VSNT index entry date January 6, 2026 Versant Media Group added to S&P SmallCap 600 before market open

Index replaced company Synovus Financial (SNV) Removed from S&P MidCap 400 as PATH is added

Index replaced company Brandywine Realty Trust (BDN) Removed from S&P SmallCap 600 as VSNT is added

Index family S&P MidCap 400 UiPath inclusion target index

Index family S&P SmallCap 600 Versant Media Group inclusion target index

Index provider S&P Dow Jones Indices Division of S&P Global managing the index changes

Spin-off date January 5 Comcast spin-off of Versant Media Group expected completion

Historical Context

5 past events · Latest: Apr 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	Employee benefits update	Positive	+1.6%	SPGI committed to match federal child savings contributions for eligible employees.
Apr 07	Index addition notice	Positive	+1.6%	Announced Diebold Nixdorf joining S&P SmallCap 600, replacing Sealed Air.
Apr 07	Product launch	Positive	-0.9%	CARFAX introduced VIN-specific Future Reliability metric for vehicle dependability.
Apr 06	Management appointment	Positive	+0.7%	Named a Chief Accounting Officer for the planned Mobility spin-off entity.
Apr 02	Index addition notice	Positive	+0.7%	Announced Atmus Filtration joining S&P SmallCap 600, replacing Air Lease.

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

Pattern Detected

Across the last five news items, four saw positive next-day moves while one product-launch story coincided with a decline, hinting at generally constructive reactions to corporate and index-related updates.

Recent Company History

Recent disclosures for SPGI highlight steady operational and index-related activity. Employee-benefit enhancements and multiple index additions (Diebold Nixdorf, Atmus Filtration) underline S&P Dow Jones Indices’ ongoing rebalancing role. A CARFAX product launch on April 7, 2026 coincided with a modest price dip, while management changes supporting the planned Mobility separation in mid-2026 aligned with a small gain. Today’s index-change notice for PATH and VSNT fits this pattern of SPGI serving as the index administrator and announcer of reconstitution events.

Key Terms

s&p midcap 400, s&p smallcap 600, spin-off, 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.

spin-off financial

"Comcast Corp. (NASD: CMCSA) is spinning off Versant Media Group in a transaction expected to be completed January 5."

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

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.