Equity Residential Takes Over #355 Spot From PulteGroup

Equity Residential (EQR) has moved ahead of PulteGroup (PHM) in S&P 500 size rankings, taking the #355 spot as of June 4, 2026. EQR's market capitalization is listed at $24.78 billion versus PHM's $22.33 billion. The re-ranking is driven by relative market-cap changes and could affect passive fund and ETF weightings or eligibility for size-targeted strategies. At the close on the announcement day EQR was up ~2.7% and PHM up ~1%. The piece is a data-driven note on index component sizing rather than a market forecast.