Markets don't like female leaders.

Big mistake.

Pink Chip indices measure the performance of women-led companies against global benchmarks. They prove women are better for business, whether markets like it or not.

Help us bring pink chip to every market.

TOP

SECTORS

i

All

SECTORS

i

#%of indexNameof sector
114%Finance
213%Electronic Technology
312%Technology Services
410%Health Technology
510%Producer Manufacturing
67%Consumer Non-Durables
76%Consumer Services
86%Energy Minerals
96%Commercial Services
104%Health Services
114%Transportation
122%Non-Energy Minerals
132%Industrial Services
142%Utilities
152%Consumer Durables
162%Process Industries

Top ten

Holdings

Ranked by index %, displayed with market cap size.

i

All

Companies

i

Holding

Ticker

Female lead

since

CEO

Name

% of Index

Index

Mkt Cap

(USD)

Gross Income

(1Y)

Rev Growth

(1Y)

Industry

Sector

01

Sunrun Inc RUN

Aug
2021

Mary G. Powell

4.76%

$1,594,778,439

12.00%

-9.83%

Electronic Technology

02

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.99%

$24,227,643,053.94

40.27%

N/A%

Energy Minerals

03

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.95%

$7,319,348,614

77.30%

22.44%

Health Technology

04

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.94%

$3,207,108,098

94.49%

-12.83%

Finance

05

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

3.82%

$5,506,524,506

N/A%

3.55%

Finance

06

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.78%

$31,557,254,463

85.62%

22.97%

Health Technology

07

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

3.74%

$5,987,301,968

28.72%

24.10%

Producer Manufacturing

08

Parsons Corp PSN

Jul
2018

Carey Smith

2.43%

$7,189,303,853

20.83%

24.03%

Technology Services

09

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

2.25%

$9,595,579,420

36.67%

23.82%

Consumer Non-Durables

10

New York Times Co. - Ordinary Shares - Class A NYT

Sept
2020

Meredith Kopit Levien

2.24%

$8,278,742,699

46.15%

6.59%

Consumer Services

11

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

2.22%

$2,221,087,051

35.24%

-6.00%

Consumer Non-Durables

12

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.18%

$1,634,731,817

50.25%

-11.21%

Transportation

13

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

2.17%

$15,081,824,153

27.68%

-4.39%

Non-Energy Minerals

14

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

2.17%

$31,317,924,532

85.03%

21.07%

Technology Services

15

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

2.13%

$4,009,325,451

25.48%

4.05%

Industrial Services

16

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.12%

$4,687,367,485

28.28%

8.06%

Producer Manufacturing

17

Upwork Inc UPWK

Jan
2020

Hayden Brown

2.12%

$1,836,832,368

77.10%

11.64%

Commercial Services

18

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

2.10%

$96,878,499,421

N/A%

14.83%

Health Services

19

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

2.09%

$126,604,602,113

86.07%

11.64%

Health Technology

20

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

2.07%

$33,218,346,822

42.88%

0.33%

Consumer Non-Durables

21

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

2.07%

$30,547,379,317

N/A%

5.89%

Health Services

22

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

2.06%

$155,463,964,729

N/A%

18.36%

Finance

23

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

2.05%

$5,260,702,796

11.20%

-5.92%

Utilities

24

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.05%

$8,997,338,558

40.22%

-7.89%

Electronic Technology

25

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

2.05%

$76,848,147,905

36.50%

-1.63%

Electronic Technology

26

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

2.04%

$182,430,185,878

29.85%

5.44%

Technology Services

27

Citigroup Inc C

Mar
2021

Jane Fraser

2.03%

$127,302,435,512

N/A%

-4.81%

Finance

28

General Motors Company GM

Jan
2014

Mary Barra

2.01%

$45,299,231,696

17.39%

9.08%

Consumer Durables

29

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.00%

$94,536,044,162

64.13%

19.50%

Electronic Technology

30

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.97%

$12,697,647,785

40.25%

-1.04%

Finance

31

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.94%

$153,479,121,440

43.73%

13.69%

Electronic Technology

32

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

1.91%

$37,488,673,283.9

81.25%

17.88%

Consumer Services

33

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

1.91%

$1,111,720,775

37.94%

0.45%

Producer Manufacturing

34

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.88%

$5,228,062,288

43.86%

5.50%

Consumer Services

35

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

1.82%

$2,061,210,407

21.67%

3.21%

Producer Manufacturing

36

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.81%

$4,049,898,185

76.71%

17.24%

Technology Services

37

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.80%

$37,939,022,266

35.61%

-4.35%

Energy Minerals

38

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.78%

$1,428,204,200

82.39%

8.54%

Technology Services

39

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.76%

$4,453,838,491

55.98%

3.15%

Commercial Services

40

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.74%

$1,497,128,318

8.38%

-5.61%

Transportation

41

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.72%

$1,128,151,315

66.44%

11.75%

Technology Services

42

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.70%

$710,150,147

25.21%

-21.26%

Commercial Services

43

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.63%

$4,884,775,479

22.08%

-6.03%

Process Industries

44

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

0.00%

$14,046,999,697

91.63%

46.62%

Health Technology

index

Criteria

i

01

A Female ceo

Companies must have a female¹ CEO.

Why?

Women are hugely underrepresented at the CEO position, making up just 6% of CEOs globally. The decisions that these leaders make have a huge impact on a business’ performance while they are at the helm.

02

>$2BN MARKET CAP, US LISTED

Companies must be listed on a US stock exchange and have a minimum market cap of US$ 2 billion.

Why?

For now, Pink Chip focuses on mid and large-cap companies listed on US exchanges. This is an intentional choice designed to constrain the universe of the index.

03

>8% CAGR OVER 3 YEARS

Companies must have demonstrated revenue growth of at least 8% over the last 3 years.

Why?

Think of this as a quality control measure. By only including companies that have have demonstrated sustained, impactful growth over a 3 year-window, we can control for the glass cliff effect².

1 Please note that when we speak of “Female”, we are inclusive of all female-identifying people.

2 Research has shown that women are more likely than men to be appointed to boards or positions of leadership in companies experiencing consistently bad performance. This phenomenon is called the glass cliff, and it means women are more likely to be ‘caretaker CEOs’ than their male counterparts. Source: Ryan, M. And Haslam, S. (2005).

Index

Methodology

i

PINK CHIP IS A WEIGHTED INDEX.

Of the companies that meet our criteria, we only include those that are in the top 50th percentile based on 3-year revenue growth rates. Of those companies, we overweight the companies in the top 20th percentile.

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FAQ

Why “Pink Chip”?

In the world of finance and trading, investors refer to stocks as "chips" and categorise them based on colour. Blue chips, for example, are stocks of companies that are considered as large, well-known and highly valued companies, while "green chips" refer to companies working in green energy, sustainability or other activities associated with environmentalism.

Pink Chip represents an entirely new financial category in which “pink” refers to the power that women bring to the businesses that they lead.

Are women better for business?

Are markets biased against women?

Can I invest in Pink Chip?

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