sitox Small-cap stocks such as Abercrombie & Fitch (ANF) are seeing billions of dollars added to their year-to-date market capitalizations, aided by the recent rotation into that portion of the U.S. equity market from large-caps (SP500)(SPY)(COMP:IND). The Russell 2000 (RTY) rose for a second straight week, picking up 1.5%, although the advance was limited by stalling in its recent rally. Small-caps funds drew in $9.9B over the past week, the second-largest weekly inflow on record, Bank of America said Friday, citing EPFR data. Insmed (INSM) is among the Russell 2000 (RTY) constituents posting big jumps in stock-price performances alongside swelling market caps. Insmed’s (INSM) valuation has climbed to $11.3B so far this year, from $4.3B in 2023. Shares of the biotech company focused on rare pulmonary diseases were up 145% YTD, swinging from a ~29% loss in late May. Here’s how the market caps of the 10 most valuable stocks in the iShares Russell 2000 ETF (IWM) have increased so far this year: Insmed (INSM) – Market cap: $11.3B – Market cap in 2023: $4.3B FTAI Aviation (FTAI) – Market cap: $10.3B – Market cap in 2023: $4.65B Vaxcyte (PCVX) – Market cap: $8.66B – Market cap in 2023: $5.98B Fabrinet (FN) – Market cap: $8.58B – Market cap in 2023: $6.91B Sprouts (SFM) – Market cap: $8.31B – Market cap in 2023: $4.89B Fluor (FLR) – Market cap: $8.2B – Market cap in 2023: $4.89B Abercrombie & Fitch (ANF) – Market cap: $8.02B – Market cap in 2023: $4.45B Lantheus (LNTH) – Market cap: $8.02B – Market cap in 2023: $4.25B Applied Industrial Technologies (AIT) – Market cap: $8.01B – Market cap in 2023: $4.25B Ensign Group (ENSG) – Market cap: $7.7B – Market cap in 2023: $6.28B Other small-cap ETFs include (IJR), (VB), (VBR), (SPSM), and (DFAS).
Russell rotation: YTD market capitalizations swelling for small-caps
