… The S&P Global index construction methodology buckets $1bn-$6.7bn as “smallcap” and $6.7bn-$18bn as “midcap” (see https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf). With the recent small additions of newer positions, in addition to my medium-sized positions in FNV and MKTX, my portfolio holdings’ weighted average marketcap just crosses the smallcap threshold to a $6.9bn weighted average. Thus, I will compare my performance vs the smallcap indexes as well as against the S&P 400 midcap index (and, of course, vs the broad market index):
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Portfolio review 20240704, semi-annual
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… The S&P Global index construction methodology buckets $1bn-$6.7bn as “smallcap” and $6.7bn-$18bn as “midcap” (see https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf). With the recent small additions of newer positions, in addition to my medium-sized positions in FNV and MKTX, my portfolio holdings’ weighted average marketcap just crosses the smallcap threshold to a $6.9bn weighted average. Thus, I will compare my performance vs the smallcap indexes as well as against the S&P 400 midcap index (and, of course, vs the broad market index):