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June 28, 2022
Seattle-based Leafly Holdings is set to join the broad-market Russell 3000 Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to a preliminary list of additions posted earlier this month. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6th, 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, a global index leader that provides benchmarking, analytics and data solutions for investors worldwide, 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.