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
113%Finance
213%Health Technology
311%Electronic Technology
411%Technology Services
510%Producer Manufacturing
66%Energy Minerals
76%Consumer Non-Durables
86%Consumer Services
96%Commercial Services
104%Health Services
114%Transportation
122%Non-Energy Minerals
132%Industrial Services
142%Process Industries
152%Utilities
162%Consumer Durables

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

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

4.06%

$27,915,765,491.703

40.27%

N/A%

Energy Minerals

02

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

3.92%

$14,046,999,697

91.63%

46.62%

Health Technology

03

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

3.86%

$6,137,158,486

N/A%

3.55%

Finance

04

Sunrun Inc RUN

Aug
2021

Mary G. Powell

3.85%

$1,468,100,911

12.00%

-9.83%

Electronic Technology

05

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.75%

$3,414,737,726

94.49%

-12.83%

Finance

06

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

3.71%

$7,643,005,754

77.30%

22.44%

Health Technology

07

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

3.68%

$6,676,472,354

28.72%

24.10%

Producer Manufacturing

08

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.53%

$33,267,726,837

85.62%

22.97%

Health Technology

09

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

2.08%

$9,639,195,218

36.67%

23.82%

Consumer Non-Durables

10

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

2.04%

$166,652,992,792

N/A%

21.36%

Finance

11

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

2.04%

$15,309,460,322

27.74%

-6.56%

Non-Energy Minerals

12

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

2.03%

$1,300,733,694

37.94%

0.45%

Producer Manufacturing

13

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

Sept
2020

Meredith Kopit Levien

2.01%

$8,203,496,423

46.15%

6.59%

Consumer Services

14

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

2.01%

$196,309,167,562

29.85%

5.44%

Technology Services

15

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

2.01%

$29,986,830,920

N/A%

5.89%

Health Services

16

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

2.01%

$46,227,904,448

35.61%

-4.35%

Energy Minerals

17

WEX Inc WEX

May
2013

Melissa D. Smith CPA

2.00%

$6,246,313,924

55.98%

3.15%

Commercial Services

18

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

2.00%

$4,105,096,839

25.48%

4.05%

Industrial Services

19

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.99%

$98,370,604,441

N/A%

3.19%

Health Services

20

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.98%

$34,358,775,761

42.88%

0.33%

Consumer Non-Durables

21

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.98%

$2,140,345,764

35.24%

-6.00%

Consumer Non-Durables

22

Parsons Corp PSN

Jul
2018

Carey Smith

1.97%

$6,359,645,563

20.83%

24.03%

Technology Services

23

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

1.97%

$1,639,159,326

50.25%

-11.21%

Transportation

24

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

1.95%

$4,584,113,283

28.28%

8.06%

Producer Manufacturing

25

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.93%

$909,175,514

25.21%

-21.26%

Commercial Services

26

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

1.92%

$41,403,384,818.438

81.25%

17.88%

Consumer Services

27

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.92%

$5,897,158,586

43.86%

5.50%

Consumer Services

28

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

1.92%

$78,528,527,584

36.50%

-1.63%

Electronic Technology

29

Citigroup Inc C

Mar
2021

Jane Fraser

1.92%

$132,767,570,534

N/A%

8.84%

Finance

30

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.91%

$1,623,528,805

8.38%

-5.61%

Transportation

31

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.91%

$6,222,473,252

22.08%

-6.03%

Process Industries

32

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.90%

$1,674,132,110

82.39%

8.54%

Technology Services

33

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.90%

$13,328,424,658

37.88%

2.17%

Finance

34

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.89%

$166,552,729,672

43.73%

13.69%

Electronic Technology

35

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.89%

$1,773,166,315

77.10%

11.64%

Commercial Services

36

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

1.88%

$124,476,327,062

86.07%

11.64%

Health Technology

37

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

1.88%

$30,354,136,632

85.03%

21.07%

Technology Services

38

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

1.87%

$2,300,735,488

21.67%

3.21%

Producer Manufacturing

39

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

1.87%

$5,167,300,316

11.20%

-5.92%

Utilities

40

General Motors Company GM

Jan
2014

Mary Barra

1.86%

$47,023,787,750

17.39%

9.08%

Consumer Durables

41

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

1.85%

$98,985,516,511

64.13%

19.50%

Electronic Technology

42

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

1.82%

$8,782,478,519

40.22%

-7.89%

Electronic Technology

43

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.77%

$1,321,868,314

66.44%

11.75%

Technology Services

44

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.71%

$4,268,944,980

76.71%

17.24%

Technology Services

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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