Compass Diversified (CODI) announced that it has been added to the Russell 2000 and 3000 Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. stock market opens Monday.
“We’re pleased to be joining the Russell 2000 and 3000 Indexes, which is an important milestone for CODI and provides us with enhanced visibility in the public markets,” said Elias Sabo, CEO of Compass Diversified. “We look forward to continuing our strong momentum as we execute on our strategy that is delivering excellent operational and financial results, while driving increased value for shareholders.”
The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
CODI’s business holdings include 5.11, Boa Technology, Marucci Sports and Velocity Outdoor in the active lifestyle space. Other businesses include Advanced Circuits, Arnold Magnetic Technologies, Ergobaby, Foam Fabricators, Lugano Diamonds, and Sterno.
