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
214%Health Technology
312%Electronic Technology
411%Technology Services
510%Producer Manufacturing
66%Consumer Services
76%Consumer Non-Durables
85%Energy Minerals
95%Commercial Services
104%Health Services
114%Transportation
122%Industrial Services
132%Utilities
142%Consumer Durables
152%Non-Energy Minerals
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

Jackson Financial Inc - Ordinary Shares - Class A JXN

Feb
2021

Laura Prieskorn

4.79%

$5,918,876,319

N/A%

57.01%

Finance

02

Sunrun Inc RUN

Aug
2021

Mary G. Powell

4.55%

$2,657,738,154

2.95%

-22.32%

Electronic Technology

03

Halozyme Therapeutics Inc. HALO

Jan
2014

Helen I. Torley MD

4.03%

$5,589,873,938

76.47%

20.81%

Health Technology

04

Chart Industries Inc GTLS

June
2018

Jillian C. Evanko MBA

4.00%

$6,513,034,277

26.79%

76.74%

Producer Manufacturing

05

Intra-Cellular Therapies Inc ITCI

June
2002

Sharon Mates PhD

3.84%

$7,007,003,217

93.17%

52.00%

Health Technology

06

Alnylam Pharmaceuticals Inc ALNY

Jan
2022

Yvonne L. Greenstreet MD

3.75%

$18,895,343,183

86.65%

54.82%

Health Technology

07

Woodside Energy Group Ltd - ADR WDS

Aug
2021

Meg O’Neill

3.50%

$34,883,578,515.141

41.23%

-16.71%

Energy Minerals

08

Blackstone Mortgage Trust Inc - Ordinary Shares - Class A BXMT

June
2021

Katharine A. Keenan

3.29%

$2,963,079,342

96.07%

-0.17%

Finance

09

International Seaways Inc INSW

Dec
2016

Lois K. Zabrocky

2.37%

$3,179,051,509

60.77%

-4.43%

Transportation

10

Exponent Inc. EXPO

May
2018

Catherine Ford Corrigan

2.26%

$4,832,930,119

25.08%

3.30%

Industrial Services

11

Trip.com Group Ltd - ADR TCOM

Nov
2016

Jane Sun

2.24%

$34,876,677,069.268

81.20%

23.20%

Consumer Services

12

nVent Electric plc NVT

May
2018

Beth A. Wozniak MBA

2.21%

$13,673,325,967

40.65%

18.09%

Electronic Technology

13

Trinity Industries, Inc. TRN

Feb
2020

E. Jean Savage

2.17%

$2,432,161,059

20.16%

26.16%

Producer Manufacturing

14

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

Sept
2020

Meredith Kopit Levien

2.13%

$8,055,510,766

43.17%

5.93%

Consumer Services

15

Vertex Pharmaceuticals, Inc. VRTX

April
2020

Reshma Kewalramani MD

2.07%

$116,330,472,167

87.25%

14.21%

Health Technology

16

Federal Signal Corp. FSS

Jan
2016

Jennifer L Sherman

2.07%

$5,270,577,805

26.45%

10.22%

Producer Manufacturing

17

Citigroup Inc C

Mar
2021

Jane Fraser

2.05%

$120,206,842,902

N/A%

15.90%

Finance

18

Arista Networks Inc ANET

Oct
2008

Jayshree V. Ullal

2.04%

$94,453,909,250

63.73%

16.28%

Electronic Technology

19

Southwest Gas Holdings Inc SWX

May
2022

Karen S. Haller

2.02%

$5,478,389,518

11.45%

-1.39%

Utilities

20

General Motors Company GM

Jan
2014

Mary Barra

2.02%

$49,894,093,159

13.74%

7.58%

Consumer Durables

21

Elevance Health Inc ELV

Jan
2017

Gail Koziara Boudreaux MBA

1.99%

$126,421,372,390

N/A%

0.96%

Health Services

22

Hershey Company HSY

Mar
2017

Michele G. Buck MBA

1.95%

$29,676,657,756

45.53%

8.87%

Consumer Non-Durables

23

Integral Ad Science Holding Corp IAS

Jan
2019

Lisa Utzschneider

1.94%

$1,557,271,947

63.99%

7.95%

Technology Services

24

Centene Corp. CNC

Jan
2022

Sarah McGinty London MBA

1.92%

$41,267,619,910

N/A%

3.90%

Health Services

25

Occidental Petroleum Corp. OXY

May
2016

Vicki A. Hollub

1.86%

$54,936,014,064

33.99%

-12.71%

Energy Minerals

26

Progressive Corp. PGR

July
2016

Susan Patricia Griffith

1.86%

$119,002,189,360

N/A%

20.56%

Finance

27

HubSpot Inc HUBS

Sept
2021

Yamini Rangan MBA

1.86%

$30,315,516,604

84.60%

23.08%

Technology Services

28

Bellring Brands Inc BRBR

Oct
2019

Darcy Horn Davenport MBA

1.85%

$7,707,333,698

32.37%

28.27%

Consumer Non-Durables

29

Parker-Hannifin Corp. PH

Jan
2023

Jennifer A. Parmentier

1.84%

$67,685,827,469

35.43%

0.25%

Electronic Technology

30

Tootsie Roll Industries, Inc. TR

Jan
2015

Ellen R. Gordon

1.83%

$2,877,317,240

32.93%

-5.50%

Consumer Non-Durables

31

AMN Healthcare Services Inc. AMN

Nov
2021

Cary Grace MBA

1.81%

$2,153,679,579

26.17%

-27.11%

Commercial Services

32

Workiva Inc - Ordinary Shares - Class A WK

Apr
2023

Julie Iskow

1.80%

$4,115,048,660

76.36%

16.96%

Technology Services

33

Equity Lifestyle Properties Inc. ELS

Feb
2013

Marguerite M. Nader

1.80%

$11,618,692,239

36.63%

4.82%

Finance

34

Reliance Steel & Aluminum Co. RS

Jan
2023

Karla Renee Lewis CPA

1.79%

$17,503,629,734

29.21%

-8.08%

Non-Energy Minerals

35

Celanese Corp - Ordinary Shares - Series A CE

May
2019

Lori J. Ryerkerk

1.78%

$16,556,637,611

19.76%

-8.48%

Process Industries

36

Parsons Corp PSN

Jul
2018

Carey Smith

1.78%

$11,371,483,373

21.15%

30.87%

Technology Services

37

Upwork Inc UPWK

Jan
2020

Hayden Brown

1.74%

$1,471,669,574

76.85%

18.70%

Commercial Services

38

Pagerduty Inc PD

July
2016

Jennifer Tejada

1.73%

$1,872,567,689

77.19%

16.16%

Technology Services

39

Vail Resorts Inc. MTN

Nov
2021

Kirsten A. Lynch

1.64%

$7,211,291,383

43.36%

-2.16%

Consumer Services

40

MillerKnoll Inc MLKN

Jul
2021

Andi Owen

1.63%

$1,895,562,422

38.63%

-11.41%

Producer Manufacturing

41

Advanced Micro Devices Inc. AMD

Oct
2014

Lisa T. Su PhD

1.57%

$259,305,217,958

39.61%

2.24%

Electronic Technology

42

ArcBest Corp ARCB

Jan
2010

Judy R. McReynolds CPA

1.54%

$2,478,364,550

7.26%

-6.30%

Transportation

43

Accenture plc - Ordinary Shares - Class A ACN

Sept
2019

Julie Spellman Sweet

1.54%

$192,347,040,888

30.91%

-0.09%

Technology Services

44

WEX Inc WEX

May
2013

Melissa D. Smith CPA

1.52%

$7,901,184,302

55.26%

6.65%

Commercial 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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