S&P Dow Jones Indices announced on October 30, 2026 that Kenvue Inc. will be deleted from the S&P 500 effective prior to the opening of trading on Wednesday, November 4, 2026, as Kimberly-Clark is acquiring the company in a deal expected to be completed soon.

Key Highlights

  • Kenvue deleted from S&P 500: NYSE:KVUE will be removed from the S&P 500 effective prior to the open of trading on November 4, 2026, in the Consumer Staples sector.
  • Okta takes Kenvue's S&P 500 slot: S&P MidCap 400 constituent Okta Inc. (NASD:OKTA), classified in Information Technology, will replace Kenvue in the S&P 500.
  • Acquisition cited as reason: According to the announcement, S&P 500 constituent Kimberly-Clark (NASD:KMB) is acquiring Kenvue in a deal expected to be completed soon, pending final closing conditions.
  • Cascading index changes: Glaukos Corp. (NYSE:GKOS) moves from the S&P SmallCap 600 to the S&P MidCap 400, and McGrath RentCorp (NASD:MGRC) joins the S&P SmallCap 600, all effective November 4, 2026.
  • LiveRamp also removed: LiveRamp Holdings Inc. (NYSE:RAMP) will be deleted from the S&P SmallCap 600, with Loar Holdings Inc. (NYSE:LOAR) added as its replacement, also effective November 4, 2026.
  • LiveRamp acquisition pending: The announcement states that Publicis Groupe SA (Euronext Paris: PUB) is acquiring LiveRamp Holdings in a deal expected to close soon, pending final closing conditions.

S&P Index Reshuffling Triggered by Kenvue and LiveRamp Acquisitions

S&P Dow Jones Indices disclosed on October 30, 2026 that a series of changes across three of its major indices will take effect prior to the opening of trading on November 4, 2026. The primary driver for the S&P 500 change is the pending acquisition of Kenvue Inc. (NYSE:KVUE) by Kimberly-Clark (NASD:KMB). According to the announcement, the deal is expected to be completed soon, pending final closing conditions, making Kenvue's continued inclusion in the S&P 500 untenable under index eligibility rules.

Okta Inc. (NASD:OKTA), currently a constituent of the S&P MidCap 400 in the Information Technology sector, will move up to fill the S&P 500 vacancy left by Kenvue. Okta's departure from the MidCap 400 then triggers a further substitution: Glaukos Corp. (NYSE:GKOS), a Health Care sector company previously in the S&P SmallCap 600, will join the S&P MidCap 400. McGrath RentCorp (NASD:MGRC), classified in Industrials, will in turn enter the S&P SmallCap 600 to replace Glaukos.

A separate but simultaneous change also affects the S&P SmallCap 600. LiveRamp Holdings Inc. (NYSE:RAMP), an Information Technology sector constituent, will be removed following the announcement that Publicis Groupe SA (Euronext Paris: PUB) is acquiring it in a deal expected to close soon, pending final closing conditions. Loar Holdings Inc. (NYSE:LOAR), an Industrials sector company, will be added to the S&P SmallCap 600 as LiveRamp's replacement, also effective November 4, 2026.

What Was Disclosed

S&P Dow Jones Indices announced eight index membership changes across the S&P 500, S&P MidCap 400, and S&P SmallCap 600, all effective November 4, 2026, driven by the pending acquisitions of Kenvue by Kimberly-Clark and LiveRamp Holdings by Publicis Groupe SA.